BackT. Rowe Price Maryland Short-Term Municipal Bond Fund Overview
T. Rowe Price Maryland Short-Term Municipal Bond Fund

T. Rowe Price Maryland Short-Term Municipal Bond Fund Return on Equity

Valuation check: PRMDX's ROE is 3.49%, below the sector sector average of 11.73%.

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ROE

3.49%

Return on Equity

3.49%

Return on Equity measures how efficiently a company uses shareholders' equity to generate profits. A higher ROE indicates better profitability relative to equity.

ROE (Comparison Companies)

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ROE History

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ROE Comparison

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T. Rowe Price Maryland Short-Term Municipal Bond Fund (PRMDX) FAQ

T. Rowe Price Maryland Short-Term Municipal Bond Fund (PRMDX) currently reports a ROE of 3.49%. That is below the sector sector average of 11.73%. Use the charts on this page to explore T. Rowe Price Maryland Short-Term Municipal Bond Fund's ROE history and peer comparisons.

T. Rowe Price Maryland Short-Term Municipal Bond Fund's ROE of 3.49% is lower than the its sector sector average of 11.73%. That is roughly 70.3% below the sector mean. A reading lower peers can reflect different growth expectations, capital structure, or profitability — so it is worth checking the peer comparison chart before drawing conclusions.

There is no universal 'good' ROE, but T. Rowe Price Maryland Short-Term Municipal Bond Fund's current 3.49% should be judged against industry norms (sector average: 11.73%) and against PRMDX's own history. Strong, stable readings often indicate durable competitive advantage; volatile or declining ones deserve a closer look at margins and capital efficiency.

Start with the current ROE of 3.49%, then check the historical chart for trend and the peer comparison chart for relative positioning. The sector average is 11.73%. From there, open related valuation or income-statement pages for T. Rowe Price Maryland Short-Term Municipal Bond Fund, and consider following PRMDX for alerts when major investors trade the stock.