T. Rowe Price Group Inc (TROW) - Net Assets
Based on the latest financial reports, T. Rowe Price Group Inc (TROW) has net assets worth $10.86 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($14.34 Billion) and total liabilities ($3.48 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TROW asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $10.86 Billion |
| % of Total Assets | 75.72% |
| Annual Growth Rate | 16.24% |
| 5-Year Change | 5.91% |
| 10-Year Change | 90.67% |
| Growth Volatility | 13.78 |
T. Rowe Price Group Inc - Net Assets Trend (1985–2025)
This chart illustrates how T. Rowe Price Group Inc's net assets have evolved over time, based on quarterly financial data. Also explore T. Rowe Price Group Inc assets under control for the complete picture of this company's asset base.
Annual Net Assets for T. Rowe Price Group Inc (1985–2025)
The table below shows the annual net assets of T. Rowe Price Group Inc from 1985 to 2025. For live valuation and market cap data, see T. Rowe Price Group Inc stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $10.86 Billion | -5.15% |
| 2024-12-31 | $11.45 Billion | +11.26% |
| 2023-12-31 | $10.29 Billion | +6.24% |
| 2022-12-31 | $9.69 Billion | -5.53% |
| 2021-12-31 | $10.25 Billion | +10.63% |
| 2020-12-31 | $9.27 Billion | +12.72% |
| 2019-12-31 | $8.22 Billion | +19.79% |
| 2018-12-31 | $6.86 Billion | +0.70% |
| 2017-12-31 | $6.82 Billion | +19.69% |
| 2016-12-31 | $5.70 Billion | +19.61% |
| 2015-12-31 | $4.76 Billion | -11.74% |
| 2014-12-31 | $5.40 Billion | +11.98% |
| 2013-12-31 | $4.82 Billion | +25.27% |
| 2012-12-31 | $3.85 Billion | +12.44% |
| 2011-12-31 | $3.42 Billion | +3.77% |
| 2010-12-31 | $3.30 Billion | +14.37% |
| 2009-12-31 | $2.88 Billion | +15.81% |
| 2008-12-31 | $2.49 Billion | -10.38% |
| 2007-12-31 | $2.78 Billion | +14.43% |
| 2006-12-31 | $2.43 Billion | +19.19% |
| 2005-12-31 | $2.04 Billion | +19.96% |
| 2004-12-31 | $1.70 Billion | +27.75% |
| 2003-12-31 | $1.33 Billion | +17.11% |
| 2002-12-31 | $1.13 Billion | +5.25% |
| 2001-12-31 | $1.08 Billion | +8.71% |
| 2000-12-31 | $991.46 Million | +19.40% |
| 1999-12-31 | $830.37 Million | +35.17% |
| 1998-12-31 | $614.30 Million | +14.50% |
| 1997-12-31 | $536.50 Million | +39.75% |
| 1996-12-31 | $383.90 Million | +29.78% |
| 1995-12-31 | $295.80 Million | +27.23% |
| 1994-12-31 | $232.50 Million | +13.36% |
| 1993-12-31 | $205.10 Million | +27.15% |
| 1992-12-31 | $161.30 Million | +17.14% |
| 1991-12-31 | $137.70 Million | +18.71% |
| 1990-12-31 | $116.00 Million | +12.51% |
| 1989-12-31 | $103.10 Million | +29.85% |
| 1988-12-31 | $79.40 Million | +37.13% |
| 1987-12-31 | $57.90 Million | +41.22% |
| 1986-12-31 | $41.00 Million | +55.30% |
| 1985-12-31 | $26.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to T. Rowe Price Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $10.86 Billion | 100.00% |
| Total Equity | $10.86 Billion | 100.00% |
T. Rowe Price Group Inc Competitors by Market Cap
The table below lists competitors of T. Rowe Price Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hapag Lloyd AG
XETRA:HLAG
|
$21.17 Billion |
|
China Everbright Bank Co Ltd
SHG:601818
|
$21.19 Billion |
|
EVE Energy
SHE:300014
|
$21.22 Billion |
|
Kuehne & Nagel
SW:KNIN
|
$21.22 Billion |
|
Volkswagen AG VZO O.N.
XETRA:VOW3
|
$21.12 Billion |
|
Liberty Media Corporation Series C Liberty Formula One Common Stock
NASDAQ:FWONK
|
$21.12 Billion |
|
JB Hunt Transport Services Inc
NASDAQ:JBHT
|
$21.12 Billion |
|
Tenaris SA ADR
NYSE:TS
|
$21.10 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in T. Rowe Price Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,345,400,000 to 10,860,100,000, a change of 514,700,000 (5.0%).
- Net income of 2,087,100,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 51,700,000.
- Other factors decreased equity by 1,624,100,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.09 Billion | +19.22% |
| Other Comprehensive Income | $51.70 Million | +0.48% |
| Other Changes | $-1.62 Billion | -14.95% |
| Total Change | $- | 4.98% |
Book Value vs Market Value Analysis
This analysis compares T. Rowe Price Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.17x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 847.83x to 2.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $0.12 | $105.33 | x |
| 1986-12-31 | $0.18 | $105.33 | x |
| 1987-12-31 | $0.25 | $105.33 | x |
| 1988-12-31 | $0.34 | $105.33 | x |
| 1989-12-31 | $0.43 | $105.33 | x |
| 1990-12-31 | $0.48 | $105.33 | x |
| 1991-12-31 | $0.57 | $105.33 | x |
| 1992-12-31 | $0.65 | $105.33 | x |
| 1993-12-31 | $0.79 | $105.33 | x |
| 1994-12-31 | $0.88 | $105.33 | x |
| 1995-12-31 | $1.11 | $105.33 | x |
| 1996-12-31 | $1.40 | $105.33 | x |
| 1997-12-31 | $1.90 | $105.33 | x |
| 1998-12-31 | $2.36 | $105.33 | x |
| 1999-12-31 | $2.98 | $105.33 | x |
| 2000-12-31 | $3.83 | $105.33 | x |
| 2001-12-31 | $4.18 | $105.33 | x |
| 2002-12-31 | $4.44 | $105.33 | x |
| 2003-12-31 | $5.15 | $105.33 | x |
| 2004-12-31 | $6.33 | $105.33 | x |
| 2005-12-31 | $7.45 | $105.33 | x |
| 2006-12-31 | $8.71 | $105.33 | x |
| 2007-12-31 | $9.95 | $105.33 | x |
| 2008-12-31 | $9.21 | $105.33 | x |
| 2009-12-31 | $10.99 | $105.33 | x |
| 2010-12-31 | $12.43 | $105.33 | x |
| 2011-12-31 | $12.99 | $105.33 | x |
| 2012-12-31 | $14.74 | $105.33 | x |
| 2013-12-31 | $18.09 | $105.33 | x |
| 2014-12-31 | $20.18 | $105.33 | x |
| 2015-12-31 | $18.25 | $105.33 | x |
| 2016-12-31 | $20.01 | $105.33 | x |
| 2017-12-31 | $23.76 | $105.33 | x |
| 2018-12-31 | $24.80 | $105.33 | x |
| 2019-12-31 | $29.77 | $105.33 | x |
| 2020-12-31 | $33.33 | $105.33 | x |
| 2021-12-31 | $39.43 | $105.33 | x |
| 2022-12-31 | $38.92 | $105.33 | x |
| 2023-12-31 | $42.28 | $105.33 | x |
| 2024-12-31 | $46.33 | $105.33 | x |
| 2025-12-31 | $48.53 | $105.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently T. Rowe Price Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.22%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.53%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.32x
- Recent ROE (19.22%) is below the historical average (24.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 32.20% | 9.98% | 1.86x | 1.74x | $5.86 Million |
| 1986 | 36.10% | 13.32% | 1.76x | 1.54x | $10.70 Million |
| 1987 | 34.37% | 15.03% | 1.68x | 1.36x | $14.11 Million |
| 1988 | 33.50% | 18.71% | 1.35x | 1.33x | $18.66 Million |
| 1989 | 29.29% | 18.62% | 1.25x | 1.26x | $19.56 Million |
| 1990 | 18.68% | 12.29% | 1.05x | 1.44x | $9.71 Million |
| 1991 | 22.94% | 14.81% | 1.14x | 1.36x | $17.15 Million |
| 1992 | 23.22% | 14.61% | 1.19x | 1.34x | $20.38 Million |
| 1993 | 24.80% | 15.68% | 1.18x | 1.34x | $29.00 Million |
| 1994 | 28.31% | 16.00% | 1.29x | 1.38x | $39.58 Million |
| 1995 | 27.53% | 17.19% | 1.20x | 1.33x | $48.08 Million |
| 1996 | 28.49% | 16.81% | 1.22x | 1.39x | $63.93 Million |
| 1997 | 29.67% | 19.13% | 1.17x | 1.33x | $95.73 Million |
| 1998 | 28.34% | 19.65% | 1.11x | 1.30x | $112.67 Million |
| 1999 | 31.08% | 23.10% | 1.04x | 1.30x | $162.38 Million |
| 2000 | 27.15% | 22.19% | 0.83x | 1.48x | $169.93 Million |
| 2001 | 18.17% | 19.06% | 0.78x | 1.22x | $88.07 Million |
| 2002 | 17.13% | 20.98% | 0.68x | 1.21x | $80.85 Million |
| 2003 | 17.12% | 22.77% | 0.65x | 1.16x | $94.59 Million |
| 2004 | 19.87% | 26.41% | 0.66x | 1.14x | $167.53 Million |
| 2005 | 21.16% | 28.50% | 0.65x | 1.13x | $227.32 Million |
| 2006 | 21.82% | 29.18% | 0.66x | 1.14x | $286.91 Million |
| 2007 | 24.15% | 30.09% | 0.70x | 1.14x | $392.89 Million |
| 2008 | 19.72% | 23.19% | 0.75x | 1.13x | $241.92 Million |
| 2009 | 15.04% | 23.22% | 0.58x | 1.11x | $145.38 Million |
| 2010 | 20.39% | 28.40% | 0.65x | 1.10x | $342.55 Million |
| 2011 | 22.60% | 28.15% | 0.73x | 1.10x | $431.13 Million |
| 2012 | 22.97% | 29.23% | 0.72x | 1.09x | $498.99 Million |
| 2013 | 21.75% | 30.07% | 0.69x | 1.04x | $565.89 Million |
| 2014 | 22.79% | 30.88% | 0.71x | 1.05x | $690.08 Million |
| 2015 | 25.68% | 29.11% | 0.82x | 1.07x | $746.80 Million |
| 2016 | 24.26% | 28.77% | 0.68x | 1.24x | $714.14 Million |
| 2017 | 25.72% | 31.25% | 0.64x | 1.29x | $915.36 Million |
| 2018 | 30.00% | 34.20% | 0.70x | 1.26x | $1.23 Billion |
| 2019 | 30.01% | 37.94% | 0.60x | 1.31x | $1.42 Billion |
| 2020 | 30.79% | 38.23% | 0.58x | 1.38x | $1.60 Billion |
| 2021 | 34.17% | 40.18% | 0.61x | 1.39x | $2.18 Billion |
| 2022 | 17.62% | 24.01% | 0.56x | 1.32x | $673.95 Million |
| 2023 | 18.41% | 27.09% | 0.53x | 1.29x | $799.59 Million |
| 2024 | 20.30% | 29.61% | 0.53x | 1.30x | $1.07 Billion |
| 2025 | 19.22% | 28.53% | 0.51x | 1.32x | $1.00 Billion |
Industry Comparison
This section compares T. Rowe Price Group Inc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,182,432,986
- Average return on equity (ROE) among peers: 18.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| T. Rowe Price Group Inc (TROW) | $10.86 Billion | 32.20% | 0.32x | $21.13 Billion |
| Acadian Asset Management Inc (AAMI) | $84.00 Million | 95.24% | 7.06x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $2.08 Billion | 12.72% | 0.00x | $3.56 Billion |
| Associated Capital Group Inc (AC) | $757.29 Million | -0.01% | 0.10x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $441.58 Million | -2.00% | 0.15x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $-40.08K | 0.00% | 0.00x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $396.54 Million |
| Affiliated Managers Group Inc (AMG) | $602.36 Million | 9.29% | 1.06x | $8.52 Billion |
| Ameriprise Financial Inc (AMP) | $5.59 Billion | 37.54% | 23.56x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $742.49 Million | 21.17% | 0.16x | $45.04 Million |
| Artisan Partners Asset Management Inc (APAM) | $749.92 Million | 34.64% | 1.16x | $2.68 Billion |
About T. Rowe Price Group Inc
T. Rowe Price Group, Inc. is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe. It employs fundamental and quantitative analysis with a … Read more