Is T. Rowe Price Group (TROW) Worth More Than Its Price?

T. Rowe Price Group has seen its share price move around over the past few years, and the stock now trades at about US$105.51. That puts fresh attention on what investors are really paying for the returns the business earns on its capital. With performance over different timeframes pointing in different directions, the key issue is whether the current market value lines up with the profitability of the asset base that supports those earnings. Over the past 5 years the stock has fallen 33.4%,...