>
Switch to:

T. Rowe Price Group Earnings Yield (Joel Greenblatt) %

: 10.98% (As of Mar. 2022)
View and export this data going back to 1986. Start your Free Trial

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) %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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) % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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

Earnings Yield (Joel Greenblatt)=EBIT/Enterprise Value
=3710/45022.072
=8.24 %

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.

Forward Rate of Return (Yacktman) % based on Don Yacktman's definition is a better measure of the expected rate of return for a stock.


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 Group Business Description

T. Rowe Price Group logo
Industry
Financial Services » Asset Management NAICS : 523930 SIC : 6282
Address
100 East Pratt Street, Baltimore, MD, USA, 21202
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.
Executives
Veiel Eric L officer: Vice President 100 E. PRATT STREET BALTIMORE MD 21202
Stromberg William J director, officer: CEO and President 100 E. PRATT STREET BALTIMORE MD 21202
Robert W. Sharps officer: Vice President 100 E. PRATT STREET BALTIMORE MD 21202
Bush Mary K director 3509 WOODBINE STREET CHEVY CHASE MD 20815
Verma Richard R. director 100 E. PRATT STREET BALTIMORE MD 21202
Snowe Olympia J. director 100 E. PRATT STREET BALTIMORE MD 21202
Maclellan Robert F. director 100 E. PRATT STREET BALTIMORE MD 21202
Wilson Alan D director 18 LOVETON CIRCLE SPARKS MD 21152
Stevens Robert J director C/O MONSANTO COMPANY 800 N. LINDBERGH BLVD. ST. LOUIS MO 63167
Hrabowski Freeman A Iii director C/O BALTIMORE GAS AND ELECTRIC COMPANY P.O. BOX 1475 BALTIMORE MD 21203
Wijnberg Sandra S director 100 E. PRATT STREET BA-1320 BALTIMORE MD 21202
Dublon Dina director J.P. MORGAN CHASE & CO. 270 PARK AVENUE NEW YORK NY 10017
Page Sebastien officer: Vice President 100 E. PRATT STREET BALTIMORE MD 21202
Mccormick Andrew C. officer: Vice President 100 E. PRATT STREET BALTIMORE MD 21202
Oestreicher David officer: Corp Secretary and VP 100 E. PRATT STREET BALTIMORE MD 21202

T. Rowe Price Group Headlines

Other Sources

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)