CAPITAL ONE FINANCIAL CORP
$195.08
+1.48 (+0.76%) · delayed · Nov 13, 2026
Five-year price
52w $174.24 to $259.64
- Market cap
- $117.3B
- Enterprise value
- $106.3B
- P/E
- 48.4×
- 21.2× on 3y avg EPS
- EV / EBIT
- —
- FCF yield
- 22.3%
- ROIC
- —
- Debt / equity
- 0.45
- Piotroski F
- 4/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
50
- –ROIC > 12% (5y avg)5y avg ROIC n/a
- ○ROE > 15% (5y avg)5y avg ROE 10.5%
- –Stable operating marginsMargin volatility n/a (σ, 5y)
- ●Earnings convert to cashFCF / net income 419% (5y avg)
- ●Growing revenueRevenue CAGR 5y 16.6%
- ○Shrinking share countDiluted shares 18.0% over 5y
Value
50
- ○P/E below 15P/E 48.4
- –EV/EBIT below 12EV/EBIT n/a
- ●FCF yield above 6%FCF yield 22.3%
- ○Price below Graham NumberGraham Number $130.87
- ●P/B below 3P/B 1.0
Safety
67
- ●Debt / equity below 0.5D/E 0.45
- ●Debt payable in < 4 yrs of earningsNet debt $-11.1B
- –Interest coverage > 8xCoverage n/ax
- –Current ratio > 1.5Current ratio n/a
- ○Piotroski F-score ≥ 6F-score 4/9
Graham Defensive
67
- ●Adequate size (revenue > $2B)Revenue $8.1B
- –Strong condition (current ratio ≥ 2)Current ratio n/a
- ●Earnings stability (no loss, 10y)10 years of data
- ●Uninterrupted dividendsDividends paid every year on record
- ○Earnings growth ≥ 33% (10y, 3y avgs)EPS growth 24%
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 21.2
- ●P/E × P/B ≤ 22.5Product 21.9
Valuation lab
What do you have to believe?
At $195.08, the market is pricing in about −16.8% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt −$11.1B · 602M shares · 5y revenue CAGR 16.6%
Intrinsic value
$2,064.73
Price
$195.08
Margin of safety
91%
What the price implies
The market is paying for −16.8% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
68% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 25,501 | 27,237 | 3,431 | 3,820 | 3,737 | 4,780 | 5,417 | 5,645 | 5,915 | 8,062 |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Pre-tax income | 5,484 | 5,492 | 7,318 | 6,874 | 3,203 | 15,809 | 9,240 | 6,045 | 5,910 | 2,281 |
| Income tax | 1,714 | 3,375 | 1,293 | 1,341 | 486 | 3,415 | 1,880 | 1,158 | 1,163 | 193 |
| Net income | 3,751 | 1,982 | 6,015 | 5,546 | 2,714 | 12,390 | 7,360 | 4,887 | 4,750 | 2,453 |
| EPS (diluted) | 6.89 | 3.49 | 11.82 | 11.05 | 5.18 | 26.94 | 17.91 | 11.95 | 11.59 | 4.03 |
| Diluted shares | 510 | 489 | 483 | 470 | 459 | 444 | 393 | 383 | 384 | 541 |
Who owns it