Company Valuation: T. Rowe Price Group, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 45,070 24,371 24,066 25,124 22,343 23,787 - -
Change - -45.93% -1.25% 4.4% -11.07% 6.46% - -
Enterprise Value (EV) 1 43,546 22,615 21,999 22,474 18,965 19,541 18,933 17,897
Change - -48.07% -2.73% 2.16% -15.61% 3.04% -3.11% -5.47%
P/E 15x 16.3x 13.9x 12.4x 11.1x 10.5x 10.2x 10.8x
PBR 5x 2.77x 2.54x 2.44x 2.06x 2.35x 2.11x 1.75x
PEG - -0.3x 0.9x 0.7x 11.29x 0.7x 3.43x -1.85x
Capitalization / Revenue 5.87x 3.76x 3.73x 3.54x 3.02x 3.07x 2.99x 3.04x
EV / Revenue 5.68x 3.49x 3.41x 3.17x 2.57x 2.52x 2.38x 2.29x
EV / EBITDA 11.1x 8.3x 8.74x 7.64x 6.07x 6.24x 5.86x 5.69x
EV / EBIT 11.7x 9.04x 9.72x 8.37x 6.97x 6.97x 6.74x 7.02x
EV / FCF 13.6x - 24.1x 17.8x - 9.18x 8.14x 8.75x
FCF Yield 7.38% - 4.14% 5.62% - 10.9% 12.3% 11.4%
Dividend per Share 2 4.32 4.8 4.88 4.96 5.08 5.198 5.257 5.415
Rate of return 2.2% 4.4% 4.53% 4.39% 4.96% 4.66% 4.71% 4.86%
EPS 2 13.12 6.7 7.76 9.15 9.24 10.64 10.96 10.32
Distribution rate 32.9% 71.6% 62.9% 54.2% 55% 48.8% 48% 52.5%
Net sales 1 7,672 6,488 6,460 7,094 7,387 7,752 7,949 7,815
EBITDA 1 3,915 2,726 2,518 2,940 3,127 3,131 3,231 3,145
EBIT 1 3,710 2,500 2,263 2,686 2,721 2,803 2,808 2,549
Net income 1 3,002 1,522 1,744 2,044 2,036 2,292 2,325 2,199
Net Debt 1 -1,523 -1,756 -2,067 -2,650 -3,378 -4,246 -4,853 -5,890
Reference price 2 196.64 109.06 107.69 113.09 102.38 111.51 111.51 111.51
Nbr of stocks (in thousands) 229,198 223,465 223,470 222,159 218,237 213,316 - -
Announcement Date 1/27/22 A 1/26/23 A 2/8/24 A 2/5/25 A 2/4/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.08x6x12.85x1.98% 179B
14.85x3.59x - 2.39% 162B
17.2x7.58x - 1.46% 108B
25.37x13.29x22.8x3.85% 83.49B
13.99x5.34x - 1.87% 51.4B
12.19x1.88x5.75x1.2% 49.08B
5.73x5.64x4.13x3.26% 39.48B
14.44x5.26x16.4x1.82% 33.65B
Average 15.61x 6.07x 12.39x 2.23% 88.26B
Weighted average by Cap. 17.26x 6.16x 13.52x 2.22%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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