The American Express Company, often abbreviated Amex, AmEx, AX or Amexco, is a global provider of financial services based in New York City, USA. The company is best known for its charge card, credit card, and traveler's cheque businesses.
P/E ratio for American Express (AXP)
P/E ratio as of April 2024 (TTM): 20.4
According to American Express's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 20.3652. At the end of 2022 the company had a P/E ratio of 15.0.
P/E ratio history for American Express from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 15.0 | -8.22% |
| 2021 | 16.3 | -49.04% |
| 2020 | 32.1 | 106.36% |
| 2019 | 15.5 | 29.3% |
| 2018 | 12.0 | -64.78% |
| 2017 | 34.1 | 160.28% |
| 2016 | 13.1 | -4.8% |
| 2015 | 13.8 | -17.25% |
| 2014 | 16.6 | -9.93% |
| 2013 | 18.5 | 25.38% |
| 2012 | 14.7 | 29.67% |
| 2011 | 11.4 | -10.88% |
| 2010 | 12.8 | -51.53% |
| 2009 | 26.3 | 229.07% |
| 2008 | 8.00 | -47.74% |
| 2007 | 15.3 | -22.83% |
| 2006 | 19.8 | 16.74% |
| 2005 | 17.0 | -6.03% |
| 2004 | 18.1 | -0.68% |
| 2003 | 18.2 | 19.38% |
| 2002 | 15.2 | -51.7% |
| 2001 | 31.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Visa V | 32.7 | 60.54% | 🇺🇸 USA |
 Mastercard MA | 39.5 | 93.81% | 🇺🇸 USA |
 Bank of America BAC | 9.96 | -51.07% | 🇺🇸 USA |
 Capital One COF | 10.6 | -47.87% | 🇺🇸 USA |
 Discover Financial Services DFS | 9.22 | -54.73% | 🇺🇸 USA |
 eBay EBAY | 20.1 | -1.50% | 🇺🇸 USA |
 JPMorgan Chase JPM | 10.8 | -46.96% | 🇺🇸 USA |
 Citigroup C | 8.48 | -58.35% | 🇺🇸 USA |
 Green Dot GDOT | 9.25 | -54.57% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.