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T. Rowe Price Group (NAS:TROW) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
T. Rowe Price Group Forward PE Ratio Related Terms
T. Rowe Price Group Forward PE Ratio Historical Data
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The historical data trend for T. Rowe Price Group's Forward PE Ratio 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 Forward PE Ratio Chart
T. Rowe Price Group Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2020-12
2021-12
2022-12
2023-12
2024-12
2025-12
Forward PE Ratio
14.66
14.84
17.92
12.14
15.13
15.29
14.45
15.87
15.80
12.30
10.22
T. Rowe Price Group Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
14.66
14.79
15.67
13.62
14.84
14.14
14.73
16.78
17.92
15.15
15.95
14.16
12.14
15.11
14.45
13.70
15.13
11.33
17.21
13.76
15.29
14.93
16.03
15.77
14.45
11.45
11.06
12.21
15.87
16.98
16.61
14.41
15.80
15.67
12.99
11.89
12.30
9.94
11.60
10.73
10.22
8.77
TROW vs PFG, NTRS, ARES: Forward PE Ratio Comparison
For the Asset Management subindustry, T. Rowe Price Group's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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 Forward PE Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, T. Rowe Price Group's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where T. Rowe Price Group's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
T. Rowe Price Group (TROW) has a Forward PE Ratio of 11.49 as of Jul. 27, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on T. Rowe Price Group and its competitors. According to the industry distribution chart, T. Rowe Price Group ranks #174 out of 325 companies in the Asset Management industry, placing it in the top 53.5%.
Is T. Rowe Price Group's Forward PE Ratio too high?
T. Rowe Price Group's current Forward PE Ratio is 11.49. The Asset Management industry median Forward PE Ratio is 10.90. T. Rowe Price Group's value of 11.49 is 5.4% above this industry median. Based on the distribution chart, T. Rowe Price Group ranks #174 out of 325 companies in the Asset Management industry, which is below the industry midpoint. Overall, T. Rowe Price Group has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does T. Rowe Price Group's Forward PE Ratio compare to PFG and NTRS?
According to the Asset Management industry distribution chart, T. Rowe Price Group ranks #174 out of 325 companies for Forward PE Ratio. This places T. Rowe Price Group in the lower half of its industry. The industry median Forward PE Ratio is 10.90. T. Rowe Price Group's value of 11.49 is 5.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for an Asset Management company?
The median Forward PE Ratio among Asset Management companies is 10.90, based on 325 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. T. Rowe Price Group's current Forward PE Ratio of 11.49 is 5.4% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on T. Rowe Price Group and its competitors. For the Asset Management industry, the median Forward PE Ratio is 10.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. T. Rowe Price Group's current Forward PE Ratio is 11.49. 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 (TROW) is currently considered Fairly Valued. The stock's GF Value™ is $123.05, compared to a current price of $116.50 — trading 5.3% below its estimated fair value. The current Forward PE Ratio is 11.49 and 5.4% above the Asset Management industry median of 10.90. T. Rowe Price Group's overall GF Score™ is 80/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For T. Rowe Price Group (TROW), the current Forward PE Ratio is 11.49 as of Jul. 27, 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 (TROW) Overvalued in 2026?
Based on GuruFocus' analysis, T. Rowe Price Group stock appears to be undervalued.
The current stock price of $116.50 is trading 5.3% below its estimated GF Value™ of $123.05.
GuruFocus considers T. Rowe Price Group to be Fairly Valued.
Key valuation signals for TROW:
Forward PE Ratio: 11.49
GF Value™: $123.05 vs. price of $116.50 (5.3% below fair value)
Industry Position: 5.4% above the Asset Management median (#174 of 325)
No single metric tells the full story. See the TROW 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.
80GF Score
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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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