T. Rowe Price Value Fund, Inc.
T. ROWE PRICE VALUE FUND, INC. · Series S000002125 · 4 share classes
data updated 2026-09-08
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.
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.
| Share class | Gross | Net | As of |
|---|---|---|---|
| TRVLX | 0.70% | 0.69% | 2025 Q1 |
| PAVLX | 0.95% | 0.94% | 2025 Q1 |
| TRPIX | 0.58% | 0.57% | 2025 Q1 |
| TRZAX | 0.56% | 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 Q2
| Stocks | 99.70% |
| Cash & short-term | 0.30% |
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +23.76% | +58.92% | +58.24% | 11.58% | -7.69% | |
| +23.47% | +57.76% | +56.33% | 11.58% | -7.76% | |
| +23.94% | +59.56% | +59.28% | 11.58% | -7.66% | |
| +24.63% | +62.30% | +63.99% | 11.60% | -7.55% |
These classes hold the same portfolio, so the 7.66pp spread over 5 years is the cost difference between them — roughly 1.53pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are 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 2026-06-30
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 2026Q2
This fund filed the credit-spread disclosure and reported no sensitivity — measured, and the answer is none.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/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
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| AMZN | AMAZON.COM INCAMZN | 5.49% | $238.34 | $1.87B | 7.8M |
| AAPL | APPLE INCAAPL | 5.29% | $289.36 | $1.80B | 6.2M |
| MSFT | MICROSOFT CORPMSFT | 3.43% | $373.02 | $1.16B | 3.1M |
| JPM | J.P. MORGAN CHASE & CO.JPM | 3.37% | $327.33 | $1.14B | 3.5M |
| BRK/B | BERKSHIRE HATHAWAY INC-CL BBRK/B | 2.80% | $500.39 | $951.92M | 1.9M |
| DE | DEERE & CODE | 2.57% | $634.33 | $874.15M | 1.4M |
| KEYS | KEYSIGHT TECHNOLOGIES INKEYS | 2.40% | $350.07 | $816.12M | 2.3M |
| JNJ | JOHNSON & JOHNSONJNJ | 2.16% | $253.97 | $734.60M | 2.9M |
| UNH | UNITEDHEALTH GROUP INCUNH | 1.97% | $415.63 | $670.08M | 1.6M |
| WAB | WABTEC CORPWAB | 1.75% | $269.60 | $594.87M | 2.2M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 31.23% of net assets, top 25 52.68%, across 110 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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