T. Rowe Price PE ratio TROW

Share price divided by earnings per share over the last twelve months, since 2010.

Today, Oct 23, 2026: 10.5×
10-year median: 14.4×
Against its 10-year history: 8th; percentile: 0 is its lowest day, 100 its highest
10-year range: 8.6× to 20.3×
Peer median: 18.3×

T. Rowe Price's PE ratio is 10.5× as of Oct 23, 2026: a share price of $104.20 against $9.97 of earnings per share over the last twelve months.

That is below its ten-year median of 14.4×, lower than on 92% of days in the last ten years.

Over that time it ranged from 8.6× in Jun 2022 to 20.3× in Jun 2018.

The median for 10 asset managers of a similar size is 18.3×.

PE ratio over time

median 14.4×

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	10.5×	9.3×	12.7×
2025	11.4×	9.0×	12.8×
2024	12.7×	12.0×	15.7×
2023	15.3×	12.6×	19.6×
2022	12.5×	8.6×	15.3×
2021	14.8×	14.6×	17.9×
2020	17.0×	10.4×	17.6×
2019	15.6×	12.5×	15.7×
2018	12.7×	12.0×	20.3×
2017	17.2×	13.7×	17.3×
2016	17.3×	14.1×	17.6×
2015	15.5×	14.7×	19.4×
2014	19.7×	17.5×	22.5×
2013	22.5×	19.2×	22.9×
2012	19.9×	18.7×	22.4×
2011	19.6×	16.4×	28.6×
2010	27.2×	23.2×	27.2×

Against its peers

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

Company	PE ratio
TROWT. Rowe Price	10.5×
PFGPrincipal Financial	15.4×
TPGTPG	82.7×
RJFRaymond James Financial	13.7×
NTRSNorthern Trust	14.4×
BENFranklin Resources	21.1×
OWLBlue OWL Capital	78.0×
CGCarlyle	40.2×
ARESAres Management	54.7×
AMPAmeriprise Financial	11.9×
STTState Street	14.8×
Peer median	18.3×

Where T. Rowe Price ranks

What the PE ratio tells you

Share price divided by earnings per share over the last twelve months. It is the price tag on a dollar of profit: 20× means you pay $20 for $1 of yearly earnings.

Blank while earnings are negative. A very low PE can mean the market expects profits to fall, so read it with growth and the company's own history.

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.