T. Rowe Price EV/EBIT TROW

Enterprise value divided by operating profit over the last twelve months, one-off items taken out, since 2010.

Today, Oct 23, 2026: 8.1×
10-year median: 10.2×
Against its 10-year history: 12th; percentile: 0 is its lowest day, 100 its highest
10-year range: 6.0× to 15.1×
Peer median: 35.1×

T. Rowe Price's EV/EBIT is 8.1× as of Oct 23, 2026.

That is below its ten-year median of 10.2×, lower than on 88% of days in the last ten years.

Over that time it ranged from 6.0× in Oct 2022 to 15.1× in Jul 2021.

The median for 10 asset managers of a similar size is 35.1×.

EV/EBIT over time

median 10.2×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	8.1×	7.2×	9.4×
2025	8.5×	6.8×	10.8×
2024	10.7×	9.6×	12.9×
2023	10.9×	7.8×	13.2×
2022	7.6×	6.0×	11.0×
2021	11.4×	11.2×	15.1×
2020	12.5×	8.2×	12.9×
2019	11.3×	8.4×	11.4×
2018	8.5×	8.0×	13.3×
2017	11.0×	8.3×	11.0×
2016	10.4×	7.9×	10.6×
2015	8.7×	8.4×	11.1×
2014	11.3×	10.0×	12.9×
2013	12.9×	11.3×	13.8×
2012	11.6×	9.9×	12.8×
2011	11.0×	9.0×	17.0×
2010	16.0×	11.7×	17.5×

Against its peers

Companies in Asset Management nearest T. Rowe Price's size, closest first, today.

Company	EV/EBIT
TROWT. Rowe Price	8.1×
PFGPrincipal Financial	n/m
TPGTPG	22.4×
RJFRaymond James Financial	n/m
NTRSNorthern Trust	n/m
BENFranklin Resources	14.1×
OWLBlue OWL Capital	42.8×
CGCarlyle	117×
ARESAres Management	35.1×
AMPAmeriprise Financial	n/m
STTState Street	n/m
Peer median	35.1×

Where T. Rowe Price ranks

What the EV/EBIT tells you

What the whole business costs against its operating profit. Enterprise value is the market value plus borrowings and minority interests, less cash. EBIT is operating profit before interest and tax, with one-offs taken out. Unlike PE it is not moved by how a company is financed.

Leases are left out of debt for every company. Banks earn on their balance sheet, so EV/EBIT does not describe them.

More on T. Rowe Price

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.