P/E ratio for Discover Financial Services (DFS)
P/E ratio as of April 2024 (TTM): 9.22
According to Discover Financial Services's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.21884. At the end of 2022 the company had a P/E ratio of 6.31.
P/E ratio history for Discover Financial Services from 2007 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.31 | -2.89% |
| 2021 | 6.50 | -74.23% |
| 2020 | 25.2 | 169.95% |
| 2019 | 9.34 | 23.86% |
| 2018 | 7.54 | -46.86% |
| 2017 | 14.2 | 13.79% |
| 2016 | 12.5 | 19.56% |
| 2015 | 10.4 | -21.95% |
| 2014 | 13.4 | 18.72% |
| 2013 | 11.3 | |
| 2011 | 5.91 | -60.76% |
| 2010 | 15.1 | 142.72% |
| 2009 | 6.21 | 24.4% |
| 2008 | 4.99 | -59.3% |
| 2007 | 12.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Capital One COF | 10.6 | 15.17% | 🇺🇸 USA |
 Zions Bancorporation
ZION | 7.25 | -21.32% | 🇺🇸 USA |
 TFS Financial TFSL | 43.9 | 375.68% | 🇺🇸 USA |
 Associated Banc-Corp
ASB | 8.15 | -11.63% | 🇺🇸 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.