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T. Rowe Price Valuation Multiples
Discover revenue and EBITDA valuation multiples for T. Rowe Price and similar public comparables like Scottish Mortgage IT, Yuanta Financial Holdings, Principal Financial Group, 2PointZero and more.
T. Rowe Price Overview
About T. Rowe Price
T. Rowe Price provides asset management services for individual and institutional investors. It offers a broad range of no-load US and international stock, hybrid, bond, and money market funds. At the end of September, the firm had $1.767 trillion in managed assets, composed of equity (50%), balanced (35%), fixed-income and money market (12%), and alternative (3%) offerings. Approximately two-thirds of managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a US-based asset manager, deriving less than 10% of its AUM from overseas.
Founded
1937
HQ
Employees
7.8K
Website
Sectors
Financials (LTM)
EV
$18B
T. Rowe Price Financials
T. Rowe Price reported last 12-month revenue of $7B and EBITDA of $3B.
In the same LTM period, T. Rowe Price generated $3B in EBITDA and $2B in net income.
Revenue (LTM)
T. Rowe Price P&L
In the most recent fiscal year, T. Rowe Price reported revenue of $7B and EBITDA of $3B.
T. Rowe Price expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $7B | XXX | $7B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $4B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 51% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 42% | XXX | XXX | XXX |
| EBIT Margin | 36% | XXX | 36% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 28% | XXX | 29% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
T. Rowe Price Stock Performance
T. Rowe Price has current market cap of $21B, and enterprise value of $18B.
Market Cap Evolution
T. Rowe Price's stock price is $96.98.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $18B | $21B | 0.0% | XXX | XXX | XXX | $9.59 |
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Start Free TrialT. Rowe Price Valuation Multiples
T. Rowe Price trades at 2.5x EV/Revenue multiple, and 6.1x EV/EBITDA.
EV / Revenue (LTM)
T. Rowe Price Financial Valuation Multiples
As of April 19, 2026, T. Rowe Price has market cap of $21B and EV of $18B.
Equity research analysts estimate T. Rowe Price's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
T. Rowe Price has a P/E ratio of 10.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $21B | XXX | $21B | XXX | XXX | XXX |
| EV (current) | $18B | XXX | $18B | XXX | XXX | XXX |
| EV/Revenue | 2.5x | XXX | 2.5x | XXX | XXX | XXX |
| EV/EBITDA | 6.1x | XXX | 5.9x | XXX | XXX | XXX |
| EV/EBIT | 6.9x | XXX | 6.8x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 4.8x | XXX | XXX | XXX |
| P/E | 10.1x | XXX | 10.1x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 12.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified T. Rowe Price Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
T. Rowe Price Margins & Growth Rates
T. Rowe Price's revenue in the last 12 month grew by 2%.
T. Rowe Price's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.6M for the same period.
T. Rowe Price's rule of 40 is 42% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
T. Rowe Price's rule of X is 46% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
T. Rowe Price Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Margin | 40% | XXX | 42% | XXX | XXX | XXX |
| EBITDA Growth | 1% | XXX | (4%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 42% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 46% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.9M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 1% | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 6% | XXX | 16% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 10% | XXX | 10% | XXX | XXX | XXX |
| Opex to Revenue | 62% | XXX | 65% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
T. Rowe Price Public Comps
See public comps and valuation multiples for other Asset Management and PE & VC comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| T. Rowe Price | XXX | XXX | XXX | XXX | XXX | XXX |
| Scottish Mortgage IT | XXX | XXX | XXX | XXX | XXX | XXX |
| Yuanta Financial Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Principal Financial Group | XXX | XXX | XXX | XXX | XXX | XXX |
| 2PointZero | XXX | XXX | XXX | XXX | XXX | XXX |
| GF Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
T. Rowe Price M&A Activity
T. Rowe Price acquired XXX companies to date.
Last acquisition by T. Rowe Price was on XXXXXXXX, XXXXX. T. Rowe Price acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by T. Rowe Price
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialT. Rowe Price Investment Activity
T. Rowe Price invested in XXX companies to date.
T. Rowe Price made its latest investment on XXXXXXXX, XXXXX. T. Rowe Price invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by T. Rowe Price
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout T. Rowe Price
| When was T. Rowe Price founded? | T. Rowe Price was founded in 1937. |
| Where is T. Rowe Price headquartered? | T. Rowe Price is headquartered in United States. |
| How many employees does T. Rowe Price have? | As of today, T. Rowe Price has over 7K employees. |
| Who is the CEO of T. Rowe Price? | T. Rowe Price's CEO is Glenn R. August. |
| Is T. Rowe Price publicly listed? | Yes, T. Rowe Price is a public company listed on Nasdaq. |
| What is the stock symbol of T. Rowe Price? | T. Rowe Price trades under TROW ticker. |
| When did T. Rowe Price go public? | T. Rowe Price went public in 1986. |
| Who are competitors of T. Rowe Price? | T. Rowe Price main competitors are Scottish Mortgage IT, Yuanta Financial Holdings, Principal Financial Group, 2PointZero. |
| What is the current market cap of T. Rowe Price? | T. Rowe Price's current market cap is $21B. |
| What is the current revenue of T. Rowe Price? | T. Rowe Price's last 12 months revenue is $7B. |
| What is the current revenue growth of T. Rowe Price? | T. Rowe Price revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of T. Rowe Price? | Current revenue multiple of T. Rowe Price is 2.5x. |
| Is T. Rowe Price profitable? | Yes, T. Rowe Price is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of T. Rowe Price? | T. Rowe Price's last 12 months EBITDA is $3B. |
| What is T. Rowe Price's EBITDA margin? | T. Rowe Price's last 12 months EBITDA margin is 40%. |
| What is the current EV/EBITDA multiple of T. Rowe Price? | Current EBITDA multiple of T. Rowe Price is 6.1x. |
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