T. Rowe Price
TROW
#755
Rank
$26.38 B
Marketcap
$118.77
Share price
-0.86%
Change (1 day)
20.75%
Change (1 year)

P/E ratio for T. Rowe Price (TROW)

P/E ratio as of November 2024 (TTM): 16.8

According to T. Rowe Price 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.8253. At the end of 2022 the company had a P/E ratio of 16.2.

P/E ratio history for T. Rowe Price from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202216.29.19%
202114.8-0.79%
202015.08.29%
201913.810.58%
201812.5-27.73%
201717.311.4%
201615.52.45%
201515.1-17.44%
201418.3-12.18%
201320.911.32%
201218.8-0.81%
201118.9-23.78%
201024.8-21.22%
200931.568.04%
200818.8-22.07%
200724.110.5%
200621.8-0.23%
200521.8-7.01%
200423.5-8.91%
200325.849.23%
200217.3-20.95%
200121.8

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
6.00-64.36%๐Ÿ‡บ๐Ÿ‡ธ USA
12.5-25.53%๐Ÿ‡บ๐Ÿ‡ธ USA
16.6-1.61%๐Ÿ‡บ๐Ÿ‡ธ USA
22.4 32.96%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.