Question 1

What is T. Rowe Price's P/S ratio?

Accepted Answer

T. Rowe Price (TROW) P/S ratio is 3.2× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for T. Rowe Price?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For T. Rowe Price specifically, the relevant sector benchmark is the current sector median of 2.2×.

Question 5

Is T. Rowe Price's P/S ratio high or low?

Accepted Answer

T. Rowe Price's P/S ratio of 3.2× is below its own 5-year average of 3.9× and above the sector median of 2.2×. That places the current reading at the 18th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is T. Rowe Price's historical P/S ratio range?

Accepted Answer

In the available daily series, T. Rowe Price (TROW) P/S ratio has ranged from a low of 2.5× in 2025 to a high of 7.4× in 2021. The 5-year average is 3.9× and the 5-year median is 3.7×.

Question 7

What was T. Rowe Price's P/S ratio in 2025?

Accepted Answer

T. Rowe Price (TROW) P/S ratio at the end of 2025 was 3.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does T. Rowe Price's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$22.91B	$7.31B	3.1×	-0.4×	Dec 31, 2025
2024	$25.15B	$7.09B	3.5×	-0.2×	Dec 31, 2024
2023	$24.07B	$6.46B	3.7×	-0.0×	Dec 31, 2023
2022	$24.40B	$6.49B	3.8×	-2.0×	Dec 31, 2022
2021	$44.22B	$7.67B	5.8×	+0.2×	Dec 31, 2021
2020	$34.34B	$6.21B	5.5×	+0.5×	Dec 31, 2020
2019	$28.52B	$5.62B	5.1×	+1.0×	Dec 31, 2019
2018	$22.13B	$5.37B	4.1×	-1.2×	Dec 31, 2018
2017	$25.63B	$4.84B	5.3×	+1.0×	Dec 31, 2017
2016	$18.22B	$4.22B	4.3×	+0.1×	Dec 31, 2016
2015	$17.64B	$4.20B	4.2×	-1.4×	Dec 31, 2015
2014	$22.21B	$3.98B	5.6×	-0.7×	Dec 31, 2014
2013	$21.81B	$3.48B	6.3×	+0.7×	Dec 31, 2013
2012	$16.73B	$3.02B	5.5×	+0.2×	Dec 31, 2012
2011	$14.73B	$2.75B	5.4×	-1.7×	Dec 31, 2011
2010	$16.66B	$2.37B	7.0×	-0.3×	Dec 31, 2010
2009	$13.75B	$1.87B	7.3×	+3.1×	Dec 31, 2009
2008	$9.05B	$2.12B	4.3×	-2.9×	Dec 31, 2008
2007	$15.93B	$2.23B	7.1×	+0.8×	Dec 31, 2007
2006	$11.62B	$1.82B	6.4×	+0.1×	Dec 31, 2006
2005	$9.51B	$1.51B	6.3×	-0.1×	Dec 31, 2005
2004	$8.10B	$1.28B	6.3×	+0.3×	Dec 31, 2004
2003	$5.98B	$998.02M	6.0×	+2.4×	Dec 31, 2003
2002	$3.34B	$925.83M	3.6×	-0.6×	Dec 31, 2002
2001	$4.29B	$1.03B	4.2×	—	Dec 31, 2001


Brookfield (BN)	1.3×
The Hartford (HIG)	1.3×
Chesapeake Financial Shares (CPKF)	1.3×
American Financial Group (AFG)	1.3×
Progressive (PGR)	1.3×
Markel (MKL)	1.3×
PSB Holdings (PSBQ)	1.3×
Principal Financial Group (PFG)	1.3×
Travelers Companies (TRV)	1.3×
PayPal (PYPL)	1.2×
Loews (L)	1.2×
Synchrony Financial (SYF)	1.2×
Citigroup (C)	1.2×
AXIS Capital Holdings (AXS)	1.1×
RenaissanceRe Holdings (RNR)	1.1×
Old Republic International (ORI)	1.0×
Everest Re Group (RE)	0.9×
Assurant (AIZ)	0.8×
Allstate (ALL)	0.8×
Mercury General (MCY)	0.8×
Ally Financial (ALLY)	0.8×
Everest Re Group (EG)	0.8×
MetLife (MET)	0.6×
Prudential Financial (PRU)	0.5×
StoneX Group (SNEX)	0.0×

P/S Ratio for T. Rowe Price (TROW)

P/S Ratio daily chart for T. Rowe Price (TROW)

Historical P/S Ratio for T. Rowe Price (TROW) from 2001 to 2025

About P/S Ratio at T. Rowe Price (TROW)

T. Rowe Price P/S Ratio by Year

T. Rowe Price P/S Ratio 2025: 3.1×

T. Rowe Price P/S Ratio 2024: 3.5×

T. Rowe Price P/S Ratio 2023: 3.7×

T. Rowe Price P/S Ratio 2022: 3.8×

T. Rowe Price P/S Ratio 2021: 5.8×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

T. Rowe Price (TROW) Key Financials

P/S Ratio daily chart for T. Rowe Price (TROW)

Historical P/S Ratio for T. Rowe Price (TROW) from 2001 to 2025

About P/S Ratio at T. Rowe Price (TROW)

T. Rowe Price P/S Ratio by Year

T. Rowe Price P/S Ratio 2025: 3.1×

T. Rowe Price P/S Ratio 2024: 3.5×

T. Rowe Price P/S Ratio 2023: 3.7×

T. Rowe Price P/S Ratio 2022: 3.8×

T. Rowe Price P/S Ratio 2021: 5.8×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is T. Rowe Price's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for T. Rowe Price?

+Is T. Rowe Price's P/S ratio high or low?

+What is T. Rowe Price's historical P/S ratio range?

+What was T. Rowe Price's P/S ratio in 2025?

+Why does T. Rowe Price's P/S ratio change over time?

T. Rowe Price (TROW) Key Financials