Is T. Rowe Price Target Retirement 2040 Fund overvalued?

T. Rowe Price Target Retirement 2040 Fund (TRHRX) looks overvalued — trading about 86% above its fair value.

Overvalued

Price

$19.10

Fair value

$2.62

Current P/E

39.8

Normal P/E

5.5

Market cap

$458.8M

Dividend yield

0.0%

Return on equity

13.7%

Sector

Financial Services

Fair value compares TRHRX's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 1 Jul 2026.

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