T. Rowe Price Value Fund, Inc.

T. ROWE PRICE VALUE FUND, INC. · Series S000002125 · 4 share classes

Equity fund · 98% stocks· rate + credit risk filed
One fund, 4 share classes:TRVLXPAVLXTRPIXTRZAX
$31.88B NAV
105 positions · as of 2026-03-31 · filed 2026-05-28
data updated 2026-08-10

Fund profile

As filed in the prospectus · 2026 Q1

The fund seeks to provide long-term capital appreciation by investing in common stocks believed to be undervalued. Income is a secondary objective.

Strategy · summarised

The fund invests at least 80% of assets in common stocks of companies with value characteristics, identified by membership in third-party value-oriented indices or by screening for low valuation multiples (price/earnings, price/book, price/sales, price/cash flow), low price relative to asset or intrinsic value, restructuring potential, or sound balance sheets. The fund typically emphasizes large-cap stocks but may hold companies of any size. Because security selection depends on the adviser's identification of undervalued companies that may be temporarily out of favor, fund holdings will diverge from any benchmark.

Expenses
0.00% 0.94%across 4 share classes
Share classGrossNetAs of
TRVLX0.70%0.69%2025 Q1
PAVLX0.95%0.94%2025 Q1
TRPIX0.58%0.57%2025 Q1
TRZAX0.56%0.00%2025 Q1

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 59.50% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

100.05%
of net assets
Stocks98.37%
Cash & short-term1.68%

Latest quarter

What changed since the fund's previous filing

vs 2025Q4: 14 new16 exited

Largest new: AMD, PM, CVS, ASTRAZENECA PLC, NFLX, CEG, CENOVUS ENERGY INC, OTIS

Largest exited: GE, TE CONNECTIVITY PLC, ASTRAZENECA PLC-SPONS ADR, MSFT, PINS, PPG, TOL, COF

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

Share class1-year3-year5-yearVolWorst fall
Cumulative return· Apr 2023 – Feb 2026

Mar 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-03-31

Avg coupon
Avg maturity
Flagged holdings
Defaulted: not reported
In arrears: not reported
Paid in kind: not reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Risk profile

Interest-rate and credit-spread sensitivity, both in years · as of 2026Q1

This fund filed the credit-spread disclosure and reported no sensitivity — measured, and the answer is none.

Interest-rate duration
0.00 yr
approx. move per 100bp
Credit-spread duration
0.00 yr
approx. move per 100bp
Investment grade: +0.00 yrHigh yield: +0.00 yr
Show the numbers
TenorRate yrsIG yrsHY yrsIG $/bpHY $/bp
3 mo+0.00+0.00+0.00$0$0
1 yr+0.00+0.00+0.00$0$0
5 yr+0.00+0.00+0.00$0$0
10 yr+0.00+0.00+0.00$0$0
30 yr+0.00+0.00+0.00$0$0

Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
J.P. MORGAN CHASE & CO.JPM3.25%$1.04B
KEYSIGHT TECHNOLOGIES INKEYS3.16%$1.01B
BERKSHIRE HATHAWAY INC-CL BBRK/B2.88%$918.88M
DEERE & CODE2.61%$830.77M
CONOCOPHILLIPSCOP2.36%$752.19M
ALPHABET INC CL AGOOGL2.12%$674.28M
WABTEC CORPWAB1.98%$630.39M
GILEAD SCIENCES INCGILD1.80%$575.19M
The PROCTER & GAMBLE COPG1.79%$572.28M
CHEVRON CORPCVX1.79%$570.76M
Showing 10 of 105Sign in to see more

Top 10 positions are 23.74% of net assets, top 25 46.55%, across 105 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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