Start with its own history
At 15.23×, SCHW is 38.4% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · SCHWFinancial - Capital MarketsUpdated Nov 5, 2026
The Charles Schwab Corporation P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
15.23×
38.4% belowthe 10-year annual average
Share price93.37
÷Earnings per share6.13
Price and EPS in quote currency. Calculation details
Investors are paying 15.23 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 24.71×
3-year average24.33×3 positive annual observations
5-year average25.25×5 positive annual observations
10-year average24.71×10 positive annual observations
Peer median · TTM13.91×7 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 21.35× | -13.5% |
| Dec 31, 2024 | 24.67× | -8.6% |
| Dec 31, 2023 | 26.98× | +14.1% |
| Dec 31, 2022 | 23.65× | -20.1% |
| Dec 31, 2021 | 29.61× | +18.9% |
| Dec 31, 2020 | 24.90× | +40.8% |
| Dec 31, 2019 | 17.68× | +5.2% |
| Dec 31, 2018 | 16.81× | -46.6% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 31.52× | +5.4% |
| Dec 31, 2016 | 29.90× | -5.6% |
| Dec 31, 2015 | 31.66× | +0.7% |
| Dec 31, 2014 | 31.45× | -5.7% |
| Dec 31, 2013 | 33.33× | +60.2% |
| Dec 31, 2012 | 20.81× | +29.4% |
| Dec 31, 2011 | 16.09× | -64.3% |
| Dec 31, 2010 | 45.03× | +62.7% |
| Dec 31, 2009 | 27.68× | +81.4% |
| Dec 31, 2008 | 15.25× | +18.8% |
| Dec 31, 2007 | 12.84× | -35.6% |
| Dec 31, 2006 | 19.94× | -23.9% |
| Dec 31, 2005 | 26.20× | -54.0% |
| Dec 31, 2004 | 56.95× | +68.4% |
| Dec 31, 2003 | 33.83× | -75.1% |
| Dec 31, 2002 | 135.63× | +22.7% |
| Dec 31, 2001 | 110.50× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How SCHW compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 SCHW This stockThe Charles Schwab Corporation | 15.23× |
 HOODRobinhood Markets, Inc. | 39.73× |
 RJFRaymond James Financial, Inc. | 13.91× |
 IBKRInteractive Brokers Group, Inc. | 29.61× |
 LPLALPL Financial Holdings Inc. | 17.81× |
 SIEBSiebert Financial Corp. | N/M |
 FUTUFutu Holdings Limited | 9.62× |
 TIGRUP Fintech Holding Ltd. Sponsored ADR Class A | 6.27× |
 NMRNomura Holdings, Inc. | 11.11× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does SCHW’s P/E tell you?
Compare like with like
The median of the 7 positive peer ratios above is 13.91×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take SCHW into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("SCHW", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 93.37 ÷ EPS 6.13 = 15.23×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
SCHW P/E ratio: common questions
The essentials behind the numbers.
The Charles Schwab Corporation's current P/E is 15.23× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.