Stock fact sheet · data as of
T. Rowe Price Group, Inc. (TROW): fair value, margin of safety and Wheel Score
Ticker symbol TROW · Financial Services · Asset Management · United States · Value Income
Is TROW undervalued?
TROW closed at 112.57 on 5 Nov 2026 against a GLS average fair value of 104.53 - 7.7% above fair value, which our scans read as "fairly priced". 4 of 9 models are above the current price. There is no discount to lean on here, so the margin of safety is not the reason to look at the stock.
The 9 models disagree widely: Lynch gives 8.14 while 10 Cap gives 222.06. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, TROW is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 48, growth score 21, out of 100). It also carries the Income tag (Income = a dividend yield of 4% or more).
Nine valuation models for TROW
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 139.00 | +23% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 110.92 | -1% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 101.16 | -10% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 8.14 | -93% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 27.47 | -76% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 222.06 | +97% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 142.00 | +26% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 76.07 | -32% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 113.97 | +1% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 7.22 | -94% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 110.83 | -2% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - TROW passes 5 of the nine Piotroski tests, which falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 9.1 out of 10 - high returns on capital, steady margins and growth that held up through bad years point to a durable business.
Returns on capital are high - ROIC 17.8%, ROE 19.2%, ROA 14.3% - with debt at 0.08 times equity and a free-cash-flow yield of 6.7%.
The dividend yield is high at 4.59% (payout ratio 52%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Asset Management 97%, Capital Allocation Based Income 3% (quarter Q3 FY2026).
Institutional ownership scores 10/10, insider activity 2/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 17.8% |
|---|---|---|---|
| GLS Moat | 9.1 / 10 | ROE | 19.2% |
| Debt / equity | 0.08 | ROA | 14.3% |
| Free-cash-flow yield | 6.7% | Payout ratio | 52% |
| Institutions | 10 / 10 | Insiders · Congress | 2 · 5 / 10 |
Wheel Score 38: Weak
TROW scores 38 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 3, below fair value - trades 8% above our fair value; and filter 4, financially healthy - Piotroski 5/9 (under 6), and the parts are thin too - value weak, premium good, moat strong, health fair, red flags good, option trading good, stability good. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 30% on the near-the-money contracts 20-60 days out: enough to pass the 25-80% Wheel Trade Filter, but under the 35-60% sweet spot the score rewards most. Chain open interest is 26,770 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 2.9M shares a day on a market cap of $24.0B, with a beta of 1.45 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that good.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 8% above our fair value |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 8% above fair value | |
| Premium | Good | implied volatility 30% | |
| Moat | Strong | moat 9.1/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Good | Red Flags score 85/100 | |
| Option trading | Good | 2,571 contracts a day, 26,770 open interest | |
| Stability | Good | beta 1.45, $24.0B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 3 Feb 2027, 90 days away - outside the window of a 30-45-day put sold today.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Asset Management
The 12 companies below are the closest to T. Rowe Price Group, Inc. by market cap within the Asset Management industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| AMUSX American Funds U.S. Government Securities Fund Class A | 11.59 | 3.51 | -230% | 17No options | $23.2B |
| PFG Principal Financial Group, Inc. | 117.31 | 187.93 | +38% | 74Good | $24.9B |
| JVMAX John Hancock Funds Disciplined Value Mid Cap Fund Class A | 30.68 | 4.94 | -521% | 16No options | $22.7B |
| JVMRX John Hancock Funds Disciplined Value Mid Cap Fund | 32.79 | 5.15 | -537% | 16No options | $22.7B |
| APDKX Artisan International Value Fund Advisor Class | 62.56 | 44.81 | -40% | 16No options | $25.7B |
| ARTKX Artisan International Fund | 62.71 | 44.41 | -41% | 16No options | $25.8B |
| APHKX Artisan International Value Fund Institutional Class | 62.92 | 46.89 | -34% | 15No options | $25.9B |
| SLV iShares Silver Trust | 47.16 | - | - | 37Weak | $26.5B |
| PARDX T. Rowe Price Retirement 2040 Fund | 37.52 | 11.41 | -229% | 11No options | $26.5B |
| RPTIX T. Rowe Price Mid-Cap Growth Fund | 102.59 | 114.17 | +10% | 22No options | $21.4B |
| VIPSX Vanguard Inflation-Protected Securities Fund Investor Shares | 11.37 | 1.17 | -871% | 15No options | $27.0B |
| WCMRX WCM Focused International Growth Fd Inv Cl | 25.92 | 20.04 | -29% | 12No options | $21.3B |
⚖ Compare TROW with 7 of them All Financial Services stocks →
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A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about TROW
Is TROW undervalued right now?
Not meaningfully: at 112.57 the stock trades within a few percent of the GLS average fair value of 104.53 (7.7% above fair value, data as of 5 Nov 2026).
What is the Wheel Score of TROW and what does it mean?
TROW scores 38 out of 100 (Weak) - it fails Wheel Trade Filters 3, 4. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for TROW?
104.53 per share as of 5 Nov 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does T. Rowe Price Group, Inc. report earnings next?
The next earnings report is due on 3 Feb 2027, 90 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does TROW have listed options, and how liquid are they?
Yes. The nightly snapshot found 102 listed contracts with 26,770 open interest across all expiries and implied volatility of 30% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.