30 years of historical data (1995–2024) · Financial Services · Financial - Capital Markets
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
The Charles Schwab Corporation trades at 31.8x earnings, 22% above its 5-year average of 26.1x, sitting at the 60th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.8x, the stock trades at a premium of 131%. On a free-cash-flow basis, the stock trades at 82.5x P/FCF, 14% above the 5-year average of 72.6x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $169.2B | $135.7B | $126.0B | $157.7B | $159.5B | $76.1B | $62.8B | $56.5B | $69.5B | $52.7B | $43.7B |
| Enterprise Value | $172.2B | $138.8B | $141.7B | $155.4B | $120.3B | $49.4B | $40.9B | $35.5B | $75.0B | $44.7B | $34.6B |
| P/E Ratio → | 31.84 | 24.75 | 27.09 | 23.79 | 29.72 | 25.02 | 17.81 | 16.95 | 31.91 | 30.13 | 31.97 |
| P/S Ratio | 6.51 | 5.22 | 4.94 | 7.07 | 8.40 | 6.29 | 5.33 | 5.14 | 7.76 | 6.88 | 6.72 |
| P/B Ratio | 3.61 | 2.81 | 3.08 | 4.31 | 2.84 | 1.36 | 2.89 | 2.73 | 3.75 | 3.21 | 3.26 |
| P/FCF | 82.52 | 66.21 | 6.67 | 145.21 | 132.73 | 12.23 | 7.29 | 4.76 | — | 16.17 | 44.59 |
| P/OCF | 63.36 | 50.84 | 6.43 | 76.66 | 75.32 | 11.11 | 6.73 | 4.54 | — | 14.61 | 35.07 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
The Charles Schwab Corporation's enterprise value stands at 18.9x EBITDA, 31% above its 5-year average of 14.4x. The Financial Services sector median is 11.1x, placing the stock at a 70% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.34 | 5.55 | 6.97 | 6.33 | 4.08 | 3.47 | 3.23 | 8.37 | 5.84 | 5.32 |
| EV / EBITDA | 18.87 | 15.21 | 18.37 | 14.61 | 13.56 | 10.07 | 7.86 | 7.28 | 19.15 | 13.85 | 13.83 |
| EV / EBIT | 22.39 | 18.04 | 22.22 | 16.55 | 15.60 | 11.49 | 8.43 | 7.77 | 20.56 | 14.94 | 15.19 |
| EV / FCF | — | 67.70 | 7.50 | 143.07 | 100.11 | 7.94 | 4.74 | 2.98 | — | 13.72 | 35.32 |
Margins and return-on-capital ratios measuring operating efficiency
The Charles Schwab Corporation earns an operating margin of 29.6%, above the Financial Services sector average of 21.9%. Operating margins have compressed from 42.1% to 29.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 13.3% is modest. ROIC of 6.0% represents adequate returns on invested capital versus a sector median of 5.4%.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.4% | 75.4% | 73.8% | 93.1% | 97.5% | 96.5% | 91.0% | 92.2% | 96.2% | 97.8% | 98.0% |
| Operating Margin | 29.6% | 29.6% | 25.0% | 42.1% | 40.6% | 35.5% | 41.1% | 41.5% | 40.7% | 39.1% | 35.1% |
| Net Profit Margin | 22.9% | 22.9% | 19.9% | 32.2% | 30.8% | 27.2% | 31.4% | 31.9% | 26.3% | 24.7% | 22.3% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.3% | 13.3% | 13.1% | 15.5% | 10.4% | 8.5% | 17.5% | 17.9% | 13.5% | 12.7% | 11.5% |
| ROA | 1.2% | 1.2% | 1.0% | 1.2% | 1.0% | 0.8% | 1.3% | 1.3% | 1.0% | 0.9% | 0.9% |
| ROIC | 6.0% | 6.0% | 5.5% | 9.1% | 7.7% | 6.5% | 12.8% | 10.4% | 9.5% | 12.6% | 11.4% |
| ROCE | 9.5% | 9.5% | 9.4% | 14.2% | 10.6% | 8.7% | 17.1% | 18.0% | 17.1% | 16.8% | 15.2% |
Solvency and debt-coverage ratios — lower is generally safer
The Charles Schwab Corporation carries a Debt/EBITDA ratio of 4.9x, which is highly leveraged (20% above the sector average of 4.1x). Net debt stands at $3.1B ($45.1B total debt minus $42.1B cash). Interest coverage of just 1.2x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.93 | 0.93 | 1.44 | 1.03 | 0.42 | 0.24 | 0.34 | 0.33 | 1.07 | 0.18 | 0.22 |
| Debt / EBITDA | 4.95 | 4.95 | 7.66 | 3.56 | 2.68 | 2.78 | 1.43 | 1.41 | 5.04 | 0.89 | 1.15 |
| Net Debt / Equity | — | 0.06 | 0.38 | -0.06 | -0.70 | -0.48 | -1.01 | -1.02 | 0.30 | -0.48 | -0.68 |
| Net Debt / EBITDA | 0.33 | 0.33 | 2.04 | -0.22 | -4.42 | -5.45 | -4.22 | -4.33 | 1.41 | -2.46 | -3.63 |
| Debt / FCF | — | 1.49 | 0.83 | -2.13 | -32.62 | -4.29 | -2.54 | -1.77 | — | -2.44 | -9.27 |
| Interest Coverage | 1.20 | 1.20 | 0.95 | 6.08 | 16.20 | 10.29 | 4.56 | 5.32 | 10.67 | 17.50 | 17.27 |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.54x is below 1.0, meaning current liabilities exceed current assets — though the company's $42.1B cash position helps mitigate short-term liquidity concerns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.54 | 0.54 | 0.54 | 0.52 | 0.93 | 0.93 | 0.43 | 0.44 | 0.39 | 0.52 | 0.57 |
| Quick Ratio | 0.54 | 0.54 | 0.54 | 0.52 | 0.93 | 0.93 | 0.43 | 0.44 | 0.39 | 0.52 | 0.57 |
| Cash Ratio | 0.11 | 0.11 | 0.10 | 0.08 | 0.11 | 0.08 | 0.11 | 0.10 | 0.06 | 0.05 | 0.07 |
| Asset Turnover | — | 0.05 | 0.05 | 0.04 | 0.03 | 0.02 | 0.04 | 0.04 | 0.04 | 0.03 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
The Charles Schwab Corporation returns 1.3% to shareholders annually primarily through dividends. The payout ratio of 38.3% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 3.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.3% | 1.7% | 1.8% | 1.3% | 1.1% | 1.7% | 1.7% | 1.4% | 0.9% | 0.9% | 0.9% |
| Payout Ratio | 38.3% | 38.3% | 44.9% | 29.4% | 31.1% | 38.8% | 28.6% | 22.4% | 25.1% | 25.7% | 26.7% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.1% | 4.0% | 3.7% | 4.2% | 3.4% | 4.0% | 5.6% | 5.9% | 3.1% | 3.3% | 3.1% |
| FCF Yield | 1.2% | 1.5% | 15.0% | 0.7% | 0.8% | 8.2% | 13.7% | 21.0% | — | 6.2% | 2.2% |
| Buyback Yield | 0.0% | 0.0% | 2.3% | 2.2% | 0.0% | 0.0% | 3.5% | 1.8% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 1.3% | 1.7% | 4.1% | 3.5% | 1.1% | 1.7% | 5.2% | 3.2% | 0.9% | 0.9% | 0.9% |
| Shares Outstanding | — | $1.8B | $1.8B | $1.9B | $1.9B | $1.4B | $1.3B | $1.4B | $1.4B | $1.3B | $1.3B |
Compare SCHW with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| SCHWYou | $169B | 31.8 | 18.9 | 82.5 | 75.4% | 29.6% | 13.3% | 6.0% | 4.9 |
| HOOD | $67B | 48.6 | 62.0 | — | 82.9% | 35.8% | 19.2% | 6.2% | 6.6 |
| FUTU | $53B | 30.0 | 60.4 | 13.4 | 82.0% | 48.7% | 20.7% | 14.8% | 1.3 |
| RJF | $30B | 14.9 | 4.9 | 13.5 | 88.2% | 28.7% | 17.7% | 20.9% | 1.0 |
| LPLA | $24B | 27.5 | 10.4 | — | 25.6% | 13.4% | 20.9% | 16.1% | 2.5 |
| XP | $9B | 13.5 | — | 4.3 | 9.5% | -19.7% | 22.9% | -2.6% | — |
| SF | $8B | 11.8 | 7.3 | 18.1 | 82.9% | 15.8% | 13.3% | 8.4% | 2.7 |
| ETOR | $1B | 3.5 | -7.3 | 5.4 | 5.4% | 2.1% | 26.9% | 26.8% | 0.2 |
| OPY | $899M | 13.5 | 4.5 | — | 32.7% | 21.3% | 8.7% | 15.7% | 2.0 |
| TIGR | $763M | 21.7 | 3.7 | 0.9 | 65.0% | 35.6% | 10.5% | 13.8% | 1.2 |
| SIEB | $77M | 5.8 | 2.7 | 9.1 | 43.4% | 21.7% | 17.1% | 15.4% | 0.4 |
| Financial Services Median | — | 13.8 | 11.1 | 11.2 | 60.2% | 21.9% | 9.1% | 5.4% | 4.1 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 30 years · Updated daily
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorSee our Bear / Base / Bull DCF models and intrinsic value estimates.
View ValuationSee how SCHW stacks up against sector leader Robinhood Markets, Inc..
Start ComparisonThe Charles Schwab Corporation's current P/E ratio is 31.8x. The historical average is 37.0x. This places it at the 60th percentile of its historical range.
The Charles Schwab Corporation's current EV/EBITDA is 18.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.4x.
The Charles Schwab Corporation's return on equity (ROE) is 13.3%. The historical average is 17.8%.
Based on historical data, The Charles Schwab Corporation is trading at a P/E of 31.8x. This is at the 60th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
The Charles Schwab Corporation's current dividend yield is 1.30% with a payout ratio of 38.3%.
The Charles Schwab Corporation has 75.4% gross margin and 29.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
The Charles Schwab Corporation's Debt/EBITDA ratio is 4.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.