P/E ratio for Discover Financial Services (DFS)
P/E ratio as of June 2023 (TTM): 6.92
According to Discover Financial Services's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.91852. At the end of 2021 the company had a P/E ratio of 6.50.
P/E ratio history for Discover Financial Services from 2007 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 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 | 30.24% |
| 2012 | 8.64 | 46.22% |
| 2011 | 5.91 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Capital One COF | 5.83 | -15.71% | 🇺🇸 USA |
 Zions Bancorporation
ZION | 4.66 | -32.69% | 🇺🇸 USA |
 TFS Financial TFSL | 39.0 | 463.70% | 🇺🇸 USA |
 Associated Banc-Corp
ASB | 6.28 | -9.30% | 🇺🇸 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.