P/E ratio for T. Rowe Price (TROW)
P/E ratio as of May 2024 (TTM): 15.8
According to T. Rowe Price 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.7933. 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 |
|---|---|---|
| 2022 | 16.2 | 9.19% |
| 2021 | 14.8 | -0.79% |
| 2020 | 15.0 | 8.29% |
| 2019 | 13.8 | 10.58% |
| 2018 | 12.5 | -27.73% |
| 2017 | 17.3 | 11.4% |
| 2016 | 15.5 | 2.45% |
| 2015 | 15.1 | -17.44% |
| 2014 | 18.3 | -12.18% |
| 2013 | 20.9 | 11.32% |
| 2012 | 18.8 | -0.81% |
| 2011 | 18.9 | -23.78% |
| 2010 | 24.8 | -21.22% |
| 2009 | 31.5 | 68.04% |
| 2008 | 18.8 | -22.07% |
| 2007 | 24.1 | 10.5% |
| 2006 | 21.8 | -0.23% |
| 2005 | 21.8 | -7.01% |
| 2004 | 23.5 | -8.91% |
| 2003 | 25.8 | 49.23% |
| 2002 | 17.3 | -20.95% |
| 2001 | 21.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Ameriprise Financial
AMP | 17.3 | 9.27% | 🇺🇸 USA |
 Franklin Resources BEN | 13.8 | -12.46% | 🇺🇸 USA |
 AllianceBernstein AB | 14.9 | -5.85% | 🇺🇸 USA |
 Affiliated Managers Group AMG | 5.11 | -67.65% | 🇺🇸 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.