Superworth

T. Rowe Price price to book ratio TROW

Market value divided by the book value of the company's net assets, since 2009.

Today, Oct 23, 2026
2.0×
10-year median
3.4×
Against its 10-year history
5th
percentile: 0 is its lowest day, 100 its highest
10-year range
1.7× to 6.4×
Peer median
2.5×

T. Rowe Price's price to book ratio is 2.0× as of Oct 23, 2026.

That is below its ten-year median of 3.4×, lower than on 95% of days in the last ten years.

Over that time it ranged from 1.7× in Mar 2026 to 6.4× in Aug 2021.

The median for 10 asset managers of a similar size is 2.5×.

Price to book ratio over time

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

YearEnd of yearLowHigh
2026 so far2.0×1.7×2.4×
20252.1×1.8×2.5×
20242.5×2.3×2.9×
20232.6×2.1×3.2×
20222.7×2.5×5.2×
20215.3×4.8×6.4×
20204.8×3.0×5.0×
20194.2×3.4×4.3×
20183.4×3.2×5.3×
20174.6×3.3×4.6×
20163.8×3.2×4.0×
20153.8×3.5×4.3×
20144.3×3.8×4.8×
20134.8×4.2×5.1×
20124.2×3.9×4.8×
20114.4×3.5×5.7×
20105.4×3.8×5.4×
20095.0×4.3×5.1×

Against its peers

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

CompanyPrice to book ratio
TROWT. Rowe Price2.0×
PFGPrincipal Financial1.9×
TPGTPG13.9×
RJFRaymond James Financial2.4×
NTRSNorthern Trust2.3×
BENFranklin Resources1.3×
OWLBlue OWL Capital7.3×
CGCarlyle2.6×
ARESAres Management10.2×
AMPAmeriprise Financial6.8×
STTState Street1.6×
Peer median2.5×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on T. Rowe Price

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