T. Rowe Price Global Technology Fund
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
9.965.736.293.624.288.63-63.697.68-9.137.74N/A6.45
Price/Sales ratio
0.480.520.490.660.480.661.361.270.590.89N/A0.57
Price/Book Value ratio
0.710.620.660.750.450.651.201.020.731.06N/A0.55
Price/Cash Flow ratio
2.042.132.122.801.902.464.534.062.242.86N/A2.18
Price/Free Cash Flow ratio
6.484.825.096.483.714.136.876.455.805.37N/A3.92
Price/Earnings Growth ratio
-0.150.06-0.550.02-0.10-0.250.51-0.000.06-0.02N/A-0.18
Dividend Yield
14.88%13.33%14.43%11.27%N/A12.41%7.64%8.84%13.68%7.40%N/A6.20%
Profitability Indicator Ratios
Gross Profit Margin
55.18%54.32%52.87%51.53%53.48%53.56%54.10%54.93%57.88%59.05%N/A53.52%
Operating Profit Margin
11.41%17.16%15.20%14.94%18.51%15.31%17.07%25.93%23.47%21.37%N/A16.91%
Pretax Profit Margin
7.81%14.09%12.09%9.42%14.56%10.19%-0.24%21.76%-2.56%16.21%N/A12.37%
Net Profit Margin
4.86%9.09%7.92%18.34%11.34%7.67%-2.14%16.54%-6.52%11.59%N/A9.50%
Effective Tax Rate
34.94%33.85%32.70%97.15%19.78%18.91%-329.94%18.49%-122.17%21.28%N/A19.34%
Return on Assets
2.17%3.31%3.21%6.63%3.64%2.51%-0.58%4.01%-1.95%3.48%N/A3.08%
Return On Equity
7.18%10.87%10.53%20.90%10.52%7.54%-1.89%13.32%-8.08%13.73%N/A9.03%
Return on Capital Employed
5.82%7.10%7.05%6.61%6.76%5.74%5.28%7.80%8.17%7.35%N/A6.25%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Quick Ratio
0.840.660.710.940.750.750.761.570.530.67N/A0.75
Cash ratio
0.230.100.110.620.080.170.150.180.060.13N/A0.12
Days of Sales Outstanding
40.0341.1037.4237.5659.2448.8456.8240.5643.5541.25N/A54.04
Days of Inventory outstanding
11.8821.959.6410.4312.7312.4220.5420.0922.4115.85N/A12.57
Operating Cycle
51.9163.0647.0647.9971.9761.2677.3660.6565.9757.10N/A66.62
Days of Payables Outstanding
92.13114.58104.15114.64124.17128.57176.99178.31223.25198.86N/A126.37
Cash Conversion Cycle
-40.21-51.52-57.08-66.64-52.19-67.30-99.63-117.66-157.28-141.75N/A-59.75
Debt Ratios
Debt Ratio
0.260.300.290.280.310.330.340.350.380.38N/A0.32
Debt Equity Ratio
0.860.990.950.900.901.001.101.181.581.53N/A0.95
Long-term Debt to Capitalization
0.460.490.480.470.470.480.520.500.600.59N/A0.48
Total Debt to Capitalization
0.460.490.480.470.470.500.520.540.610.60N/A0.48
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Flow to Debt Ratio
0.400.290.320.290.260.260.240.210.200.24N/A0.26
Company Equity Multiplier
3.303.283.273.152.882.993.253.314.133.94N/A2.94
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.230.240.230.230.250.260.300.310.260.31N/A0.26
Free Cash Flow / Operating Cash Flow Ratio
0.310.440.410.430.510.590.650.620.380.53N/A0.55
Cash Flow Coverage Ratio
0.400.290.320.290.260.260.240.210.200.24N/A0.26
Short Term Coverage Ratio
N/AN/AN/AN/AN/A4.1613.141.634.314.12N/A2.08
Dividend Payout Ratio
148.27%76.43%90.91%40.87%N/A107.10%-487.16%67.96%-125.06%57.32%N/A53.55%