Last 48 quarters of trend data · Financial Services · Asset Managers & Custodians
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 10.58 | 9.32 | 9.87 | 10.11 | 12.86 | 8.94 | 10.77 | 10.68 | 14.73 | 10.32 | 13.66 | 12.24 | 14.17 | 13.31 | 13.59 | 15.42 | 23.50 | 15.81 | 19.45 | 15.68 | 15.46 |
| — | +4.3% | -8.4% | -5.4% | -12.7% | -13.3% | -21.2% | -12.7% | +3.9% | -22.5% | +0.5% | -20.6% | -39.7% | -15.8% | -30.1% | -1.7% | +52.0% | +6.5% | +36.0% | +15.9% | +36.0% | |
| P/S Ratio | 3.02 | 2.77 | 3.19 | 2.71 | 2.96 | 2.98 | 3.09 | 2.90 | 3.45 | 3.40 | 3.72 | 3.90 | 3.67 | 3.53 | 3.92 | 4.13 | 4.02 | 3.74 | 4.28 | 4.66 | 5.69 |
| — | -6.9% | +3.4% | -6.5% | -14.2% | -12.4% | -17.0% | -25.8% | -6.0% | -3.7% | -5.1% | -5.5% | -8.6% | -5.7% | -8.4% | -11.3% | -29.3% | -35.1% | -27.2% | -13.7% | +13.6% | |
| P/B Ratio | 2.01 | 1.76 | 2.00 | 1.70 | 1.90 | 1.88 | 1.80 | 1.77 | 2.20 | 2.16 | 2.38 | 2.56 | 2.34 | 2.32 | 2.41 | 2.52 | 2.53 | 2.45 | 2.66 | 3.43 | 4.35 |
| — | -6.5% | +11.1% | -4.4% | -13.6% | -12.9% | -24.4% | -30.8% | -6.1% | -6.5% | -1.4% | +1.5% | -7.3% | -5.5% | -9.2% | -26.5% | -41.9% | -49.2% | -48.6% | -21.5% | +16.2% | |
| P/FCF | 14.53 | 16.24 | 13.54 | 5.64 | — | 6.13 | 8.69 | 7.65 | — | 11.07 | 11.22 | 12.78 | — | 15.66 | 19.52 | 14.09 | — | 8.33 | 11.65 | 8.28 | 37.07 |
| — | +164.7% | +55.8% | -26.3% | — | -44.6% | -22.5% | -40.1% | — | -29.3% | -42.5% | -9.3% | — | +88.0% | +67.6% | +70.1% | — | -8.9% | -23.6% | -21.4% | — | |
| EV / EBITDA | 7.74 | 5.99 | 8.37 | 5.91 | 9.56 | 6.34 | 7.03 | 6.85 | 6.45 | 9.69 | 7.76 | 9.71 | 8.14 | 9.74 | 8.44 | 10.89 | 7.87 | 8.60 | 8.29 | 8.84 | 11.83 |
| — | -5.6% | +19.0% | -13.7% | +48.1% | -34.6% | -9.3% | -29.5% | -20.7% | -0.4% | -8.0% | -10.8% | +3.4% | +13.2% | +1.8% | +23.2% | -33.5% | -13.7% | -20.4% | -9.4% | +16.0% | |
| EV / EBIT | 9.46 | 5.99 | 9.84 | 6.66 | 8.31 | 6.93 | 9.17 | 7.23 | 9.51 | 8.20 | 9.59 | 10.23 | 13.35 | 8.59 | 10.81 | 12.84 | 15.36 | 9.50 | 9.29 | 9.59 | 12.56 |
| — | -13.6% | +7.4% | -7.9% | -12.6% | -15.5% | -4.4% | -29.3% | -28.8% | -4.5% | -11.2% | -20.3% | -13.1% | -9.5% | +16.4% | +33.9% | +22.3% | -9.5% | -15.3% | -6.8% | +16.2% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 62.7% | 89.4% | 56.8% | 78.3% | 94.6% | 53.1% | 48.1% | 52.3% | 51.9% | 52.7% | 52.6% | 50.5% | 46.5% | 53.0% | 50.7% | 48.2% | 45.8% | 53.8% | 59.3% | 59.9% | 58.6% |
| — | +68.4% | +18.2% | +49.7% | +82.1% | +0.7% | -8.6% | +3.5% | +11.8% | -0.7% | +3.7% | +4.9% | +1.3% | -1.4% | -14.5% | -19.5% | -21.8% | -14.0% | -3.8% | -2.1% | +3.8% | |
| Operating Margin | 29.9% | 38.4% | 28.3% | 34.6% | 24.4% | 34.0% | 27.8% | 33.8% | 31.2% | 34.4% | 32.6% | 33.5% | 23.6% | 34.8% | 33.1% | 31.5% | 16.6% | 36.2% | 44.2% | 47.1% | 44.0% |
| — | +13.0% | +2.1% | +2.5% | -21.8% | -1.1% | -14.8% | +0.9% | +32.1% | -1.2% | -1.7% | +6.4% | +42.0% | -3.8% | -25.0% | -33.1% | -62.2% | -29.0% | -11.0% | -3.7% | +0.8% | |
| Net Margin | 28.5% | 30.5% | 33.1% | 26.8% | 23.0% | 34.1% | 29.3% | 27.8% | 24.1% | 33.8% | 27.9% | 32.8% | 26.7% | 27.1% | 29.6% | 27.4% | 17.5% | 24.2% | 22.4% | 30.5% | 37.8% |
| — | -10.5% | +13.0% | -3.5% | -4.5% | +1.0% | +5.1% | -15.2% | -9.5% | +24.5% | -5.7% | +19.6% | +52.7% | +12.1% | +31.8% | -10.1% | -53.8% | -39.1% | -46.9% | -25.7% | -16.5% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.8% | 4.9% | 5.3% | 4.2% | 3.7% | 5.4% | 4.3% | 4.3% | 3.9% | 5.5% | 4.5% | 5.5% | 4.3% | 4.4% | 4.6% | 4.3% | 2.7% | 4.0% | 3.4% | 5.6% | 7.6% |
| — | -9.1% | +21.4% | -2.4% | -4.5% | -0.7% | -3.8% | -22.0% | -9.2% | +24.6% | -3.1% | +28.4% | +55.7% | +11.0% | +35.7% | -23.5% | -63.7% | -53.9% | -62.7% | -32.0% | -14.5% | |
| ROA | 14.9% | 3.9% | 4.2% | 3.4% | 3.0% | 4.4% | 3.6% | 3.6% | 3.2% | 4.5% | 3.7% | 4.6% | 3.5% | 3.6% | 3.8% | 3.5% | 2.3% | 3.2% | 2.8% | 4.6% | 6.2% |
| — | -12.5% | +19.2% | -3.8% | -6.2% | -1.2% | -4.3% | -21.8% | -8.1% | +25.0% | -3.1% | +28.9% | +56.6% | +11.3% | +36.5% | -22.5% | -63.6% | -52.7% | -61.9% | -34.7% | -18.0% | |
| ROIC | 13.3% | 4.5% | 3.3% | 3.8% | 2.8% | 3.9% | 3.0% | 3.8% | 3.7% | 4.1% | 3.8% | 4.1% | 2.8% | 4.1% | 3.8% | 3.6% | 1.9% | 4.3% | 4.9% | 6.3% | 6.5% |
| — | +15.4% | +10.2% | +1.5% | -24.0% | -4.0% | -23.0% | -7.6% | +33.3% | -0.8% | +1.4% | +14.7% | +45.3% | -5.1% | -23.6% | -43.7% | -70.7% | -46.8% | -37.8% | -12.3% | +3.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.07 | 0.03 | 0.04 | 0.04 | 0.07 | 0.04 | 0.04 | 0.04 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 |
| — | -12.7% | -12.3% | -9.9% | +193.2% | +47.9% | +45.5% | +44.5% | -18.8% | -15.4% | -10.6% | -11.9% | -11.9% | -7.9% | +47.2% | +53.6% | +40.0% | +117.1% | +33.2% | +29.4% | +46.2% | |
| Debt / EBITDA | 0.31 | 0.53 | 0.67 | 0.62 | 1.61 | 0.60 | 0.72 | 0.72 | 0.32 | 0.52 | 0.40 | 0.47 | 0.45 | 0.57 | 0.47 | 0.60 | 0.45 | 0.51 | 0.28 | 0.23 | 0.27 |
| — | -10.8% | -6.8% | -14.0% | +411.5% | +14.0% | +79.9% | +53.7% | -29.8% | -7.5% | -15.1% | -22.0% | -0.2% | +11.6% | +65.5% | +162.5% | +65.3% | +273.7% | +106.1% | +46.7% | +41.5% | |
| Current Ratio | 73.08 | 2.07 | 2.18 | 7.43 | 73.08 | 11.44 | 10.95 | 5.87 | 8.01 | 10.91 | 9.35 | 6.07 | 5.88 | 7.61 | 7.11 | 5.54 | 5.53 | 7.38 | 7.31 | 4.62 | 5.07 |
| — | -81.9% | -80.1% | +26.5% | +812.9% | +4.9% | +17.1% | -3.3% | +36.2% | +43.4% | +31.6% | +9.6% | +6.2% | +3.1% | -2.8% | +20.1% | +9.1% | -37.3% | +72.9% | -36.3% | -54.1% | |
| Quick Ratio | 73.08 | 2.07 | 2.18 | 7.43 | 73.08 | 11.44 | 10.95 | 5.87 | 8.01 | 10.91 | 9.35 | 6.07 | 5.88 | 7.61 | 7.11 | 5.54 | 5.53 | 7.38 | 7.31 | 4.62 | 5.07 |
| — | -81.9% | -80.1% | +26.5% | +812.9% | +4.9% | +17.1% | -3.3% | +36.2% | +43.4% | +31.6% | +9.6% | +6.2% | +3.1% | -2.8% | +20.1% | +9.1% | -37.3% | +72.9% | -36.3% | -54.1% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying TROW stock.
T. Rowe Price Group, Inc.'s current P/E is 10.6x. The average P/E over the last 4 quarters is 10.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
T. Rowe Price Group, Inc.'s current operating margin is 29.9%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking T. Rowe Price Group, Inc.'s business trajectory between earnings reports.