What is T. Rowe Price Group 3-Year Book Growth Rate?
T. Rowe Price Group's Book Value per Share for the quarter that ended in Dec. 2023 was $42.45.
During the past 12 months, T. Rowe Price Group's average Book Value per Share Growth Rate was 7.70% per year.
During the past 3 years, the average Book Value per Share Growth Rate was 7.90% per year.
During the past 5 years, the average Book Value per Share Growth Rate was 10.40% per year.
During the past 10 years, the average Book Value per Share Growth Rate was 9.70% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.
During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of T. Rowe Price Group was 45.50% per year. The lowest was 3.60% per year. And the median was 15.20% per year.
Competitive Comparison of T. Rowe Price Group's 3-Year Book Growth Rate
For the Asset Management subindustry, T. Rowe Price Group's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
T. Rowe Price Group's 3-Year Book Growth Rate Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, T. Rowe Price Group's 3-Year Book Growth Rate distribution charts can be found below:
* The bar in red indicates where T. Rowe Price Group's 3-Year Book Growth Rate falls into.
T. Rowe Price Group 3-Year Book Growth Rate Calculation
This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.
T. Rowe Price Group (NAS:TROW) 3-Year Book Growth Rate Explanation
Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.
T. Rowe Price Group 3-Year Book Growth Rate Related Terms
Thank you for viewing the detailed overview of T. Rowe Price Group's 3-Year Book Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.
T. Rowe Price Group (T. Rowe Price Group) Business Description
T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load U.S. and international stock, hybrid, bond, and money market funds. At the end of October 2023, the firm had $1.312 trillion in managed assets, composed of equity (51%), balanced (33%), fixed-income and money market (13%), and alternatives (3%) offerings. Approximately two thirds of the company's managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a U.S.-based asset manager, deriving just over 9% of its AUM from overseas.
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