PRICE T ROWE GROUP INC
$108.93
+0.71 (+0.66%) · delayed · Nov 13, 2026
Five-year price
52w $85.22 to $122.00
- Market cap
- $23.2B
- Enterprise value
- $19.9B
- P/E
- 11.8×
- 12.5× on 3y avg EPS
- EV / EBIT
- 9.1×
- FCF yield
- 6.4%
- ROIC
- 22.5%
- Debt / equity
- —
- Piotroski F
- 4/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
83
- ●ROIC > 12% (5y avg)5y avg ROIC 25.7%
- ●ROE > 15% (5y avg)5y avg ROE 22.0%
- ○Stable operating marginsMargin volatility 6.7% (σ, 5y)
- ●Earnings convert to cashFCF / net income 84% (5y avg)
- ●Growing revenueRevenue CAGR 5y 3.3%
- ●Shrinking share countDiluted shares -4.7% over 5y
Value
80
- ●P/E below 15P/E 11.8
- ●EV/EBIT below 12EV/EBIT 9.1
- ●FCF yield above 6%FCF yield 6.4%
- ○Price below Graham NumberGraham Number $102.88
- ●P/B below 3P/B 2.1
Safety
n/a
- –Debt / equity below 0.5D/E n/a
- ●Debt payable in < 4 yrs of earningsNet debt $-3.4B
- –Interest coverage > 8xCoverage n/ax
- –Current ratio > 1.5Current ratio n/a
- ○Piotroski F-score ≥ 6F-score 4/9
Graham Defensive
83
- ●Adequate size (revenue > $2B)Revenue $7.3B
- –Strong condition (current ratio ≥ 2)Current ratio n/a
- ●Earnings stability (no loss, 10y)10 years of data
- ●Uninterrupted dividendsDividends paid every year on record
- ●Earnings growth ≥ 33% (10y, 3y avgs)EPS growth 45%
- ●Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 12.5
- ○P/E × P/B ≤ 22.5Product 26.7
Valuation lab
What do you have to believe?
At $108.93, the market is pricing in about 0.4% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt −$3.4B · 213M shares · 5y revenue CAGR 3.3%
Intrinsic value
$129.37
Price
$108.93
Margin of safety
16%
What the price implies
The market is paying for 0.4% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
55% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4,285 | 4,855 | 5,373 | 5,618 | 6,207 | 7,672 | 6,488 | 6,461 | 7,094 | 7,315 |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Operating income | 1,733 | 2,109 | 2,361 | 2,387 | 2,746 | 3,710 | 2,374 | 1,986 | 2,333 | 2,189 |
| Operating margin | 40.5% | 43.4% | 44.0% | 42.5% | 44.2% | 48.4% | 36.6% | 30.7% | 32.9% | 29.9% |
| Pre-tax income | 1,961 | 2,505 | 2,385 | 2,927 | 3,242 | 3,995 | 1,948 | 2,490 | 2,820 | 2,876 |
| Income tax | 707 | 924 | 616 | 678 | 719 | 896 | 499 | 655 | 684 | 667 |
| Net income | 1,215 | 1,498 | 1,838 | 2,131 | 2,373 | 3,083 | 1,558 | 1,789 | 2,100 | 2,087 |
| EPS (diluted) | 4.75 | 5.97 | 7.27 | 8.70 | 9.98 | 13.12 | 6.70 | 7.76 | 9.15 | 9.24 |
| Diluted shares | 250 | 245 | 247 | 239 | 231 | 229 | 227 | 225 | 223 | 220 |
Who owns it