Question 1

What is Charles Schwab's P/E ratio?

Accepted Answer

Charles Schwab (SCHW) P/E ratio is 16.5× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Charles Schwab?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Charles Schwab specifically, the relevant sector benchmark is the current sector median of 12.8×.

Question 5

Is Charles Schwab's P/E ratio high or low?

Accepted Answer

Charles Schwab's P/E ratio of 16.5× is below its own 5-year average of 22.2× and above the sector median of 12.8×. That places the current reading at the 14th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Charles Schwab's historical P/E ratio range?

Accepted Answer

In the available daily series, Charles Schwab (SCHW) P/E ratio has ranged from a low of 0.0× in 2011 to a high of 120.4× in 2003. The 5-year average is 22.2× and the 5-year median is 22.3×.

Question 7

What was Charles Schwab's P/E ratio in 2025?

Accepted Answer

Charles Schwab (SCHW) P/E ratio at the end of 2025 was 20.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Charles Schwab's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$177.04B	$8.85B	20.0×	-2.8×	Dec 31, 2025
2024	$135.51B	$5.94B	22.8×	-1.9×	Dec 31, 2024
2023	$125.42B	$5.07B	24.8×	+3.1×	Dec 31, 2023
2022	$155.20B	$7.18B	21.6×	-5.6×	Dec 31, 2022
2021	$159.12B	$5.86B	27.2×	+4.2×	Dec 31, 2021
2020	$75.79B	$3.30B	23.0×	+6.5×	Dec 31, 2020
2019	$61.07B	$3.70B	16.5×	+0.6×	Dec 31, 2019
2018	$55.77B	$3.51B	15.9×	-13.4×	Dec 31, 2018
2017	$68.99B	$2.35B	29.3×	+1.5×	Dec 31, 2017
2016	$52.46B	$1.89B	27.8×	-2.2×	Dec 31, 2016
2015	$43.43B	$1.45B	30.0×	-0.1×	Dec 31, 2015
2014	$39.73B	$1.32B	30.1×	-1.3×	Dec 31, 2014
2013	$33.57B	$1.07B	31.3×	+11.9×	Dec 31, 2013
2012	$18.09B	$928.00M	19.5×	+19.5×	Dec 31, 2012
2011	$0.00	$864.00M	0.0×	0.0×	Dec 31, 2011
2010	$0.00	$454.00M	0.0×	0.0×	Dec 31, 2010
2009	$0.00	$787.00M	0.0×	0.0×	Dec 31, 2009
2008	$0.00	$1.21B	0.0×	0.0×	Dec 31, 2008
2007	$0.00	$2.41B	0.0×	0.0×	Dec 31, 2007
2006	$0.00	$1.23B	0.0×	0.0×	Dec 31, 2006
2005	$0.00	$725.00M	0.0×	0.0×	Dec 31, 2005
2004	$0.00	$286.00M	0.0×	0.0×	Dec 31, 2004
2003	$0.00	$472.00M	0.0×	0.0×	Dec 31, 2003
2002	$0.00	$109.00M	0.0×	0.0×	Dec 31, 2002
2001	$0.00	$199.00M	0.0×	—	Dec 31, 2001


Globe Life (GL-PD)	9.7×
UMB Financial (UMBF)	9.7×
T. Rowe Price (TROW)	9.6×
Everest Re Group (RE)	9.6×
Old Republic International (ORI)	9.5×
First Financial (THFF)	9.3×
Globe Life (GL)	9.3×
The Hartford (HIG)	9.3×
Assured Guaranty (AGO)	8.9×
Cincinnati Financial (CINF)	8.8×
Federal Agricultural Mortgage (AGM)	8.8×
Ally Financial (ALLY)	8.7×
Travelers Companies (TRV)	8.3×
PayPal (PYPL)	8.2×
Farmers & Merchants Bancorp (FMCB)	8.0×
Chesapeake Financial Shares (CPKF)	7.6×
PSB Holdings (PSBQ)	7.5×
Arch Capital Group (ACGL)	7.1×
AXIS Capital Holdings (AXS)	7.0×
Tompkins Financial (TMP)	6.7×
Everest Re Group (EG)	6.5×
Synchrony Financial (SYF)	6.5×
Mercury General (MCY)	5.8×
RenaissanceRe Holdings (RNR)	4.5×
Allstate (ALL)	4.4×

P/E Ratio for Charles Schwab (SCHW)

P/E Ratio daily chart for Charles Schwab (SCHW)

Historical P/E Ratio for Charles Schwab (SCHW) from 2001 to 2025

About P/E Ratio at Charles Schwab (SCHW)

Charles Schwab P/E Ratio by Year

Charles Schwab P/E Ratio 2025: 20.0×

Charles Schwab P/E Ratio 2024: 22.8×

Charles Schwab P/E Ratio 2023: 24.8×

Charles Schwab P/E Ratio 2022: 21.6×

Charles Schwab P/E Ratio 2021: 27.2×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Charles Schwab (SCHW) Key Financials

P/E Ratio daily chart for Charles Schwab (SCHW)

Historical P/E Ratio for Charles Schwab (SCHW) from 2001 to 2025

About P/E Ratio at Charles Schwab (SCHW)

Charles Schwab P/E Ratio by Year

Charles Schwab P/E Ratio 2025: 20.0×

Charles Schwab P/E Ratio 2024: 22.8×

Charles Schwab P/E Ratio 2023: 24.8×

Charles Schwab P/E Ratio 2022: 21.6×

Charles Schwab P/E Ratio 2021: 27.2×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Charles Schwab's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Charles Schwab?

+Is Charles Schwab's P/E ratio high or low?

+What is Charles Schwab's historical P/E ratio range?

+What was Charles Schwab's P/E ratio in 2025?

+Why does Charles Schwab's P/E ratio change over time?

Charles Schwab (SCHW) Key Financials