American Express Company (AXP) P/E Ratio History
Historical price-to-earnings valuation from 1990 to 2025
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Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of March 2, 2026, American Express Company (AXP) trades at a price-to-earnings ratio of 22.0x, with a stock price of $308.90 and trailing twelve-month earnings per share of $15.21.
The current P/E is 17% above its 5-year average of 18.8x. Over the past five years, AXP's P/E has ranged from a low of 13.6x to a high of 32.2x, placing the current valuation at the 80th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.8x, AXP trades at a 60% premium to its sector peers. The sector includes 789 companies with P/E ratios ranging from 0.0x to 196.2x.
The PEG ratio of 1.85 (P/E divided by 25% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, AXP trades roughly in line with the S&P 500 median P/E of 26.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our AXP DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
Peer Comparison
P/E metrics vs. Payment Networks and Merchant Acquiring peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
MAMastercard Incorporated | $458B | 31.3 | 1.49 | +19% |
AXPAmerican Express Company | $213B | 22.0 | 1.85 | +25% |
PYPLPayPal Holdings, Inc. | $43B | 8.5 | 0.96Best | +36%Best |
WUThe Western Union Company | $3B | 6.3Lowest | - | -44% |
VVisa Inc. | $3B | 31.4 | 1.98 | +5% |
PMTSCPI Card Group Inc. | $140M | 7.5 | - | -18% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
Historical P/E Data
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q3 | $332.16 | $14.90 | 22.3x | +27% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $318.98 | $14.25 | 22.4x | +28% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $269.05 | $14.32 | 18.8x | +7% |
| FY2024 Q4 | $296.79 | $14.01 | 21.2x | +21% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $271.20 | $13.59 | 20.0x | +14% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $231.55 | $13.40 | 17.3x | -1% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $227.69 | $12.14 | 18.8x | +7% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $187.34 | $11.21 | 16.7x | -5% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $149.19 | $10.66 | 14.0x | -20% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $174.20 | $9.83 | 17.7x | +1% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $164.95 | $9.51 | 17.3x | -1% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $147.75 | $9.84 | 15.0x | -14% |
Average P/E for displayed period: 17.5x
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Start ComparisonFrequently Asked Questions
Is AXP stock overvalued or undervalued?
AXP trades at 22.0x P/E, near its 5-year average of 18.8x. The 80th percentile ranking places valuation within normal historical bounds.
How does AXP's valuation compare to peers?
American Express Company P/E of 22.0x compares to sector median of 13.8x. The premium reflects expected growth above peers.
What is AXP's PEG ratio?
AXP PEG ratio is 1.85. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 1990-2025.