Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). T. Rowe Price Group's share price for the quarter that ended in Dec. 2023 was $107.69. T. Rowe Price Group's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 224 Mil. Therefore, T. Rowe Price Group's market cap for the quarter that ended in Dec. 2023 was $24,116 Mil.
T. Rowe Price Group's quarterly market cap
declined
from Jun. 2023 ($25,124 Mil) to Sep. 2023 ($23,443 Mil) but then
increased
from Sep. 2023 ($23,443 Mil) to Dec. 2023 ($24,116 Mil).
T. Rowe Price Group's annual market cap
declined
from Dec. 2021 ($45,065 Mil) to Dec. 2022 ($24,463 Mil) and
declined
from Dec. 2022 ($24,463 Mil) to Dec. 2023 ($24,116 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. T. Rowe Price Group's Enterprise Value for Today is $23,346 Mil.
T. Rowe Price Group Market Cap Historical Data
The historical data trend for T. Rowe Price Group's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of T. Rowe Price Group's Market Cap
For the Asset Management subindustry, T. Rowe Price Group's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
T. Rowe Price Group's Market Cap Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, T. Rowe Price Group's Market Cap distribution charts can be found below:
* The bar in red indicates where T. Rowe Price Group's Market Cap falls into.
T. Rowe Price Group Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
T. Rowe Price Group's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
T. Rowe Price Group (NAS:TROW) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
T. Rowe Price Group Market Cap Related Terms
Thank you for viewing the detailed overview of T. Rowe Price Group's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
T. Rowe Price Group (T. Rowe Price Group) Business Description
T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load U.S. and international stock, hybrid, bond, and money market funds. At the end of October 2023, the firm had $1.312 trillion in managed assets, composed of equity (51%), balanced (33%), fixed-income and money market (13%), and alternatives (3%) offerings. Approximately two thirds of the company's managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a U.S.-based asset manager, deriving just over 9% of its AUM from overseas.
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