T. Rowe Price GroupBSP:T1RO34 76 PB Ratio is 2.13 as of Jul. 06, 2026, which is 39% below its 10-year median of 3.52. GuruFocus rates BSP:T1RO34 with a GF Score™ of 76/100 and a GF Value™ of R$312.47 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 1,603 Asset Management companies, T. Rowe Price Group ranks worse than 87.27% on this metric.
T. Rowe Price Group Inc stock PB Ratio (=2.36) is close to 1-year high of 2.36.
The historical rank and industry rank for T. Rowe Price Group's PB Ratio or its related term are showing as below:
BSP:T1RO34'
s PB Ratio Range Over the Past 10 Years
Min: 1.73 Med: 3.52 Max: 6.4
Current: 2.36
During the past 13 years, T. Rowe Price Group's highest PB Ratio was 6.40. The lowest was 1.73. And the median was 3.52.
BSP:T1RO34's PB Ratio is ranked worse than 87.27% of 1603
companies
in the Asset Management industry
Industry Median: 0.96
vs BSP:T1RO34: 2.36
During the past 12 months, T. Rowe Price Group's average Book Value Per Share Growth Rate was 6.70% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.00% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 7.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 10.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of T. Rowe Price Group was 35.10% per year. The lowest was 3.60% per year. And the median was 14.40% per year.
Back to Basics: PB Ratio
T. Rowe Price Group (BSP:T1RO34) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
T. Rowe Price Group PB Ratio Related Terms
T. Rowe Price Group PB Ratio Historical Data
* Premium members only.
The historical data trend for T. Rowe Price Group's PB 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.
For the Asset Management subindustry, T. Rowe Price Group's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, T. Rowe Price Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where T. Rowe Price Group's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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 Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
T. Rowe Price Group (BSP:T1RO34) has a PB Ratio of 2.13 as of Jul. 06, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on T. Rowe Price Group and its competitors. This is 39% below median its historical median of 3.52. Over the past decade, T. Rowe Price Group's PB Ratio has ranged from 1.73 to 6.40. According to the industry distribution chart, T. Rowe Price Group ranks #1399 out of 1603 companies in the Asset Management industry, placing it in the top 87.3%.
Is T. Rowe Price Group's PB Ratio too high?
T. Rowe Price Group's current PB Ratio of 2.13 is 39% below median its 10-year median of 3.52. Over the past 10 years, this metric has ranged from a low of 1.73 to a high of 6.40. The Asset Management industry median PB Ratio is 0.96. T. Rowe Price Group's value of 2.13 is 121.9% above this industry median. Based on the distribution chart, T. Rowe Price Group ranks #1399 out of 1603 companies in the Asset Management industry, which is in the bottom quartile 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 PB Ratio compare to PFG and ARES?
According to the Asset Management industry distribution chart, T. Rowe Price Group ranks #1399 out of 1603 companies for PB Ratio. This places T. Rowe Price Group in the lower half of its industry. The industry median PB Ratio is 0.96. T. Rowe Price Group's value of 2.13 is 121.9% above this benchmark. Historically, T. Rowe Price Group's own PB Ratio has ranged from 1.73 to 6.40 over the past decade. While the company's 10-year median is 3.52 vs. the industry median of 0.96, 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 PB Ratio for an Asset Management company?
The median PB Ratio among Asset Management companies is 0.96, based on 1,603 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. T. Rowe Price Group's current PB Ratio of 2.13 is 121.9% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on T. Rowe Price Group and its competitors. For the Asset Management industry, the median PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. T. Rowe Price Group's current PB Ratio is 2.13, which is 39% below median its own 10-year median of 3.52. 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 (BSP:T1RO34) is currently considered Modestly Undervalued. The stock's GF Value™ is R$312.47, compared to a current price of R$278.88 — trading 10.7% below its estimated fair value. The current PB Ratio is 2.13, which is 39% below median its 10-year median of 3.52 and 121.9% above the Asset Management industry median of 0.96. T. Rowe Price Group's overall GF Score™ is 76/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For T. Rowe Price Group (BSP:T1RO34), the current PB Ratio is 2.13 as of Jul. 06, 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 (BSP:T1RO34) Overvalued in 2026?
Based on GuruFocus' analysis, T. Rowe Price Group stock appears to be undervalued.
The current stock price of R$278.88 is trading 10.7% below its estimated GF Value™ of R$312.47.
GuruFocus considers T. Rowe Price Group to be Modestly Undervalued.
Key valuation signals for BSP:T1RO34:
PB Ratio: 2.13 (39% below median its 10-year median of 3.52)
GF Value™: R$312.47 vs. price of R$278.88 (10.7% below fair value)
Industry Position: 121.9% above the Asset Management median (#1399 of 1603)
No single metric tells the full story. See the BSP:T1RO34 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 BSP:T1RO34
PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BSP:T1RO34 has been successfully added to your 
