What is T. Rowe Price Group Price-to-Tangible-Book?
As of today (2024-04-25), T. Rowe Price Group's share price is $108.54. T. Rowe Price Group's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $28.38. Hence, T. Rowe Price Group's Price to Tangible Book Ratio of today is 3.82.
The historical rank and industry rank for T. Rowe Price Group's Price-to-Tangible-Book or its related term are showing as below:
TROW'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.79 Med: 4.42 Max: 8.32
Current: 3.82
During the past 13 years, T. Rowe Price Group's highest Price to Tangible Book Ratio was 8.32. The lowest was 3.79. And the median was 4.42.
TROW's Price-to-Tangible-Book is ranked worse than 91.87% of 1624
companies
in the Asset Management industry
Industry Median: 0.93
vs TROW: 3.82
A closely related ratio is called PB Ratio. As of today, T. Rowe Price Group's share price is $108.54. T. Rowe Price Group's Book Value per Sharefor the quarter that ended in Dec. 2023 was $42.45. Hence, T. Rowe Price Group's P/B Ratio of today is 2.56.
T. Rowe Price Group Price-to-Tangible-Book Historical Data
The historical data trend for T. Rowe Price Group's Price-to-Tangible-Book 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.
Competitive Comparison of T. Rowe Price Group's Price-to-Tangible-Book
For the Asset Management subindustry, T. Rowe Price Group's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, T. Rowe Price Group's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where T. Rowe Price Group's Price-to-Tangible-Book falls into.
T. Rowe Price Group Price-to-Tangible-Book Calculation
T. Rowe Price Group's price-to-tangible-book ratio for today is calculated as:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
T. Rowe Price Group Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of T. Rowe Price Group's Price-to-Tangible-Book 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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