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T. Rowe Price GroupFRA:TR1 -0.68%76 Earnings Yield (Joel Greenblatt) % is 12.98% as of Jun. 2026, which is 36% above its 10-year median of 9.56. GuruFocus rates FRA:TR1 with a GF Score™ of 76/100 and a GF Value™ of €108.03 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,623 Asset Management companies, T. Rowe Price Group ranks better than 82.62% on this metric.
T. Rowe Price Group's Enterprise Value for the quarter that ended in Jun. 2026 was €20,063 Mil.
T. Rowe Price Group's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was €2,604 Mil. T. Rowe Price Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 12.98%.
The historical rank and industry rank for T. Rowe Price Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:TR1'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.73 Med: 9.56 Max: 15.45
Current: 12.55
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of T. Rowe Price Group was 15.45%. The lowest was 6.73%. And the median was 9.56%.
FRA:TR1's Earnings Yield (Joel Greenblatt) % is ranked better than 82.62% of 1623
companies
in the Asset Management industry
Industry Median: 0.76
vs FRA:TR1: 12.55
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. T. Rowe Price Group's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 8.49%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
T. Rowe Price Group (FRA:TR1) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
T. Rowe Price Group Earnings Yield (Joel Greenblatt) % Related Terms
T. Rowe Price Group Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for T. Rowe Price Group's Earnings Yield (Joel Greenblatt) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
T. Rowe Price Group Earnings Yield (Joel Greenblatt) % Chart
For the Asset Management subindustry, T. Rowe Price Group's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, T. Rowe Price Group's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where T. Rowe Price Group's Earnings Yield (Joel Greenblatt) % falls into.
T. Rowe Price Group Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
T. Rowe Price Groups Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
T. Rowe Price Group's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €2,604 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 12.98% mean?
T. Rowe Price Group (FRA:TR1) has a Earnings Yield (Joel Greenblatt) % of 12.98% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on T. Rowe Price Group and its competitors. This is 36% above median its historical median of 9.56. Over the past decade, T. Rowe Price Group's Earnings Yield (Joel Greenblatt) % has ranged from 6.73 to 15.45. According to the industry distribution chart, T. Rowe Price Group ranks #282 out of 1623 companies in the Asset Management industry, placing it in the top 17.4%.
Is T. Rowe Price Group's Earnings Yield (Joel Greenblatt) % too high?
T. Rowe Price Group's current Earnings Yield (Joel Greenblatt) % of 12.98% is 36% above median its 10-year median of 9.56. Over the past 10 years, this metric has ranged from a low of 6.73 to a high of 15.45. The Asset Management industry median Earnings Yield (Joel Greenblatt) % is 0.76. T. Rowe Price Group's value of 12.98% is 1607.9% above this industry median. Based on the distribution chart, T. Rowe Price Group ranks #282 out of 1623 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, T. Rowe Price Group has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does T. Rowe Price Group's Earnings Yield (Joel Greenblatt) % compare to PFG and BEN?
According to the Asset Management industry distribution chart, T. Rowe Price Group ranks #282 out of 1623 companies for Earnings Yield (Joel Greenblatt) %. This places T. Rowe Price Group in the top 17% of its industry — outperforming the majority of peers. The industry median Earnings Yield (Joel Greenblatt) % is 0.76. T. Rowe Price Group's value of 12.98% is 1607.9% above this benchmark. Historically, T. Rowe Price Group's own Earnings Yield (Joel Greenblatt) % has ranged from 6.73 to 15.45 over the past decade. While the company's 10-year median is 9.56 vs. the industry median of 0.76, T. Rowe Price Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for an Asset Management company?
The median Earnings Yield (Joel Greenblatt) % among Asset Management companies is 0.76, based on 1,623 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. T. Rowe Price Group's current Earnings Yield (Joel Greenblatt) % of 12.98% is 1607.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on T. Rowe Price Group and its competitors. For the Asset Management industry, the median Earnings Yield (Joel Greenblatt) % is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. T. Rowe Price Group's current Earnings Yield (Joel Greenblatt) % is 12.98%, which is 36% above median its own 10-year median of 9.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is T. Rowe Price Group stock overvalued right now?
Based on GuruFocus' analysis, T. Rowe Price Group (FRA:TR1) is currently considered Modestly Undervalued. The stock's GF Value™ is €108.03, compared to a current price of €89.32 — trading 17.3% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 12.98%, which is 36% above median its 10-year median of 9.56 and 1607.9% above the Asset Management industry median of 0.76. T. Rowe Price Group's overall GF Score™ is 76/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For T. Rowe Price Group (FRA:TR1), the current Earnings Yield (Joel Greenblatt) % is 12.98% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is T. Rowe Price Group (FRA:TR1) Overvalued in 2026?
Based on GuruFocus' analysis, T. Rowe Price Group stock appears to be undervalued.
The current stock price of €89.32 is trading 17.3% below its estimated GF Value™ of €108.03.
GuruFocus considers T. Rowe Price Group to be Modestly Undervalued.
Key valuation signals for FRA:TR1:
Earnings Yield (Joel Greenblatt) %: 12.98% (36% above median its 10-year median of 9.56)
GF Value™: €108.03 vs. price of €89.32 (17.3% below fair value)
Industry Position: 1607.9% above the Asset Management median (#282 of 1623)
No single metric tells the full story. See the FRA:TR1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
T. Rowe Price provides asset management services for individual and institutional investors. It offers a broad range of no-load US and international stock, hybrid, bond, and money market funds. At the end of May 2026, the firm had $1.892 trillion in managed assets, composed of equity (49%), balanced (37%), fixed-income and money market (11%), and alternative (3%) offerings. Approximately two-thirds of managed assets are held in retirement-based accounts, which provide 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 US-based asset manager, deriving less than 10% of its AUM from overseas.
76GF Score
Get the complete analysis for FRA:TR1
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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