T. Rowe Price Group's Enterprise Value for the quarter that ended in Mar. 2022 was $33,640 Mil.
T. Rowe Price Group's EBIT for the trailing twelve months (TTM) ended in Mar. 2022 was $3,694 Mil. T. Rowe Price Group's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2022 was 10.98%.
The historical rank and industry rank for T. Rowe Price Group's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
TROW'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 6.87 Med: 8.93 Max: 13.63
Current: 14.35
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of T. Rowe Price Group was 13.63%. The lowest was 6.87%. And the median was 8.93%.
TROW's Earnings Yield (Joel Greenblatt) % is ranked better than 72.1% of 656
companies
in the Asset Management industry
Industry Median: 5.55
vs TROW: 14.35
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 Mar. 2022 was 20.26%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven 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 Earnings Yield (Joel Greenblatt) % Historical Data
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.
* Premium members only.
T. Rowe Price Group Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Earnings Yield (Joel Greenblatt) %
8.30
11.01
8.48
8.06
8.24
T. Rowe Price Group Quarterly Data
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Earnings Yield (Joel Greenblatt) %
7.87
7.86
8.52
8.24
10.98
Competitive Comparison
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) % Distribution
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. 2021 is calculated as
T. Rowe Price Group's EBIT for the trailing twelve months (TTM) ended in Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,694 Mil.
T. Rowe Price Group (NAS:TROW) 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
Thank you for viewing the detailed overview of T. Rowe Price Group's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
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 2021, the firm had $1.688 trillion in managed assets, composed of equity (61%), balanced (29%), and fixed-income (10%) 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 under 10% of its AUM from overseas.
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