SCHWAB CHARLES CORP
$92.98
+1.26 (+1.37%) · delayed · Nov 13, 2026
Five-year price
52w $83.96 to $114.53
- Market cap
- $160.5B
- Enterprise value
- $136.7B
- P/E
- 20.0×
- 27.4× on 3y avg EPS
- EV / EBIT
- —
- FCF yield
- 5.5%
- ROIC
- —
- Debt / equity
- 0.45
- Piotroski F
- 7/9
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 14.5%
- –Stable operating marginsMargin volatility n/a (σ, 5y)
- ●Earnings convert to cashFCF / net income 108% (5y avg)
- ●Growing revenueRevenue CAGR 5y 15.4%
- ○Shrinking share countDiluted shares 26.1% over 5y
Value
0
- ○P/E below 15P/E 20.0
- –EV/EBIT below 12EV/EBIT n/a
- ○FCF yield above 6%FCF yield 5.5%
- ○Price below Graham NumberGraham Number $54.74
- ○P/B below 3P/B 3.2
Safety
100
- ●Debt / equity below 0.5D/E 0.45
- ●Debt payable in < 4 yrs of earningsNet debt $-23.8B
- –Interest coverage > 8xCoverage n/ax
- –Current ratio > 1.5Current ratio n/a
- ●Piotroski F-score ≥ 6F-score 7/9
Graham Defensive
67
- ●Adequate size (revenue > $2B)Revenue $23.9B
- –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 90%
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 27.4
- ○P/E × P/B ≤ 22.5Product 89.0
Valuation lab
What do you have to believe?
At $92.98, the market is pricing in about 2.4% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt −$23.8B · 1726M shares · 5y revenue CAGR 15.4%
Intrinsic value
$219.60
Price
$92.98
Margin of safety
58%
What the price implies
The market is paying for 2.4% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
66% 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 | 7,478 | 8,618 | 10,132 | 10,721 | 11,691 | 18,520 | 20,762 | 18,837 | 19,606 | 23,921 |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Pre-tax income | 2,993 | 3,650 | 4,562 | 4,848 | 4,300 | 7,713 | 9,388 | 6,378 | 7,692 | 11,459 |
| Income tax | 1,104 | 1,296 | 1,055 | 1,144 | 1,001 | 1,858 | 2,205 | 1,311 | 1,750 | 2,607 |
| Net income | 1,889 | 2,354 | 3,507 | 3,704 | 3,299 | 5,855 | 7,183 | 5,067 | 5,942 | 8,852 |
| EPS (diluted) | 1.31 | 1.61 | 2.45 | 2.67 | 2.12 | 2.83 | 3.50 | 2.54 | 2.99 | 4.65 |
| Diluted shares | 1,334 | 1,353 | 1,361 | 1,320 | 1,435 | 1,897 | 1,894 | 1,831 | 1,834 | 1,809 |
Who owns it