Charles Schwab Corporation is an American company based in San Francisco, California. Charles Schwab offers commercial banking, stock brokerage, and wealth management advisory services to both retail and institutional clients. The company's chairman is its founder Charles Schwab.
P/E ratio for Charles Schwab (SCHW)
P/E ratio as of November 2022 (TTM): 24.1
According to Charles Schwab's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.1178. At the end of 2021 the company had a P/E ratio of 29.6.
P/E ratio history for Charles Schwab from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 29.6 | 18.36% |
| 2020 | 25.0 | 40.98% |
| 2019 | 17.7 | 5.55% |
| 2018 | 16.8 | -46.65% |
| 2017 | 31.5 | 6.2% |
| 2016 | 29.7 | -6.27% |
| 2015 | 31.7 | 0.69% |
| 2014 | 31.4 | -5.66% |
| 2013 | 33.3 | 60.17% |
| 2012 | 20.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Bank of America BAC | 11.6 | -51.79% | 🇺🇸 USA |
 Morgan Stanley MS | 12.9 | -46.60% | 🇺🇸 USA |
 Raymond James RJF | 16.2 | -32.91% | 🇺🇸 USA |
 Morningstar
MORN | 83.8 | 247.43% | 🇺🇸 USA |
 Interactive Brokers
IBKR | 25.1 | 4.00% | 🇺🇸 USA |
 Stifel
SF | 9.65 | -60.00% | 🇺🇸 USA |
 Envestnet ENV | -64.3 | -366.72% | 🇺🇸 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.