TROW P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
TROW's p/e ratio is lower than 95% of the last 10 years.
P/E ratio History
TROW P/E ratio by year
Yearly range of TROW’s p/e ratio from 2016 to 2026. Over the full period it ranged from 8.6 to 20.3, averaging 14.2.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 9.3 | 10.9 | 12.3 | 10.8 |
| 2025 | 9.1 | 11.2 | 12.8 | 11.1 |
| 2024 | 11.6 | 13.4 | 15.7 | 12.3 |
| 2023 | 12.6 | 16.5 | 19.2 | 15.3 |
| 2022 | 8.6 | 11.7 | 15.3 | 12.5 |
| 2021 | 14.2 | 16.0 | 17.8 | 15.0 |
| 2020 | 9.8 | 15.0 | 17.2 | 15.1 |
| 2019 | 12.2 | 14.0 | 15.9 | 14.0 |
| 2018 | 11.7 | 17.1 | 20.3 | 12.7 |
| 2017 | 12.6 | 14.6 | 17.1 | 17.1 |
| 2016 | 14.2 | 15.8 | 17.6 | 16.9 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is TROW P/E ratio High or Low Right Now?
T. Rowe Price Group, Inc.'s P/E ratio is currently 10.8, which is near historic low relative to its 10-year historical range. The 10-year median P/E ratio for TROW is approximately 14.2. See all TROW valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.