T. Rowe Price (TROW)
NASDAQFinancialsAsset ManagementSnapshot 2026-10-29
$103.90-2.56%
Close 2026-10-30 · 1-day change
NASDAQFinancialsAsset ManagementSnapshot 2026-10-29
Research Workspace
Put TROW beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Asset Management & Custody Banks is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Operating income growth to at least $680.5 million next quarter: Operating income: $769.8M.
View ThesisRevenue is growing steadily — about 7% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityManagement screens strong on capital allocation, earnings delivery, margins.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationModerate volatility — typically moves about 1% a day.
View RiskT. Rowe Price’s case rests on growing assets under management through ETF expansion, despite slowing revenue growth. Revenue growth eased from 10.7% in Q2 to 5.9% in Q3, though Q3 earnings beat estimates. Its P/E is 10.3× versus 14.3× for peers, and expectations look modest versus our view. The specific pressure is operating income growth against the next-quarter pillar, with reported operating income at $769.8 million. Our model puts the next-quarter miss probability near 23%. Peer multiples imply a price about 6% above where it trades; the thesis is on watch, and this read is provisional.
Trailing returns as of 2026-10-30. TROW is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 14 analysts currently covering TROW (as of Oct 2026).
Based on 6 Wall Street analysts offering 12-month price targets for TROW in the last 4 months.
Continue this research
Compare TROW with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| TROW Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 12 valuation methods, at three horizons. As of 2026-10-30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Asset Management & Custody Banks — fair value, gap to price, and forward P/E.
Compare the value case
Put TROW next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Grow assets under management (AUM) and expand ETF and alternatives business
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
Current $103.90
The last 12 months of price, then the range of analyst 12-month targets from today’s $103.90.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Top 25% on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Expected flow improvement supports AUM growth; expense outlook tracking toward mid-range adds modest cost visibility.
Advances: Grow assets under management (AUM) and expand ETF and alternatives business
Reported earnings beat and ETF flow growth support performance and the ETF expansion objective.
Advances: Grow assets under management (AUM) and expand ETF and alternatives business
Launch of ETF aligns with growth in AUM objective.
Advances: Advance technology, data, and operations integration
Advances technology integration in investment process.
Advances: Grow assets under management (AUM) and expand ETF and alternatives business
New ETF aligns with growth in AUM and alternatives.
Advances: Grow assets under management (AUM) and expand ETF and alternatives business
Expands AUM and enhances ETF offerings through fixed income investment.
Advances: Grow assets under management (AUM) and expand ETF and alternatives business
Investment in fixed-income ETFs aligns with AUM growth objective.
Advances: Grow assets under management (AUM) and expand ETF and alternatives business
Acquisition enhances AUM and expands product offerings.
