The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, T. Rowe Price Group's share price is $119.27.
T. Rowe Price Group's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2024 was $30.91. Hence, T. Rowe Price Group's PS Ratio for today is 3.86.
The historical rank and industry rank for T. Rowe Price Group's PS Ratio or its related term are showing as below:
LTS:0KNY'
s PS Ratio Range Over the Past 10 Years
Min: 3.13 Med: 4.57 Max: 7.21
Current: 3.87
During the past 13 years, T. Rowe Price Group's highest PS Ratio was 7.21. The lowest was 3.13. And the median was 4.57.
LTS:0KNY's PS Ratio is ranked better than 75.57% of 1490
companies
in the Asset Management industry
Industry Median: 7.5
vs LTS:0KNY: 3.87
T. Rowe Price Group Inc has shown predictable revenue and earnings growth.
During the past 12 months, the average Revenue per Share Growth Rate of T. Rowe Price Group was 9.60% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 2.30% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 6.50% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 9.30% per year.
During the past 13 years, T. Rowe Price Group's highest 3-Year average Revenue per Share Growth Rate was 26.90% per year. The lowest was -4.70% per year. And the median was 12.60% per year.
Back to Basics: PS Ratio
T. Rowe Price Group PS Ratio Historical Data
The historical data trend for T. Rowe Price Group's PS 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.
Competitive Comparison of T. Rowe Price Group's PS Ratio
For the Asset Management subindustry, T. Rowe Price Group's PS Ratio, along with its competitors' market caps and PS 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's PS Ratio Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, T. Rowe Price Group's PS Ratio distribution charts can be found below:
* The bar in red indicates where T. Rowe Price Group's PS Ratio falls into.
T. Rowe Price Group PS Ratio Calculation
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
T. Rowe Price Group's Share Price of today is $119.27. T. Rowe Price Group's Revenue per Share for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $30.91.
* 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:
T. Rowe Price Group (LTS:0KNY) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
T. Rowe Price Group PS Ratio Related Terms
Thank you for viewing the detailed overview of T. Rowe Price Group's PS Ratio 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 us and international stock, hybrid, bond, and money market funds. At the end of August 2024, the firm had $1.612 trillion in managed assets, composed of equity (51%), balanced (34%), fixed-income and money market (12%), and alternative (3%) offerings. Approximately two thirds of 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 us-based asset manager, deriving less than 10% of its AUM from overseas.
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