P/E ratio for T. Rowe Price (TROW)
P/E ratio as of March 2023 (TTM): 12.5
According to T. Rowe Price 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.4886. At the end of 2021 the company had a P/E ratio of 14.8.
P/E ratio history for T. Rowe Price from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 14.8 | -0.79% |
| 2020 | 15.0 | 8.29% |
| 2019 | 13.8 | 10.58% |
| 2018 | 12.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Ameriprise Financial
AMP | 12.7 | 1.82% | 🇺🇸 USA |
 Franklin Resources BEN | 13.4 | 7.40% | 🇺🇸 USA |
 AllianceBernstein AB | 9.88 | -20.92% | 🇺🇸 USA |
 Affiliated Managers Group AMG | 9.86 | -21.03% | 🇺🇸 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.