Discover Financial Services (FRA:DC7) Forward PE Ratio : 11.10 (As of May. 02, 2024)

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What is Discover Financial Services Forward PE Ratio?

Discover Financial Services's Forward PE Ratio for today is 11.10.

Discover Financial Services's PE Ratio without NRI for today is 14.09.

Discover Financial Services's PE Ratio for today is 14.09.

Discover Financial Services Forward PE Ratio Historical Data

The historical data trend for Discover Financial Services's Forward PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Discover Financial Services Forward PE Ratio Chart

Discover Financial Services Annual Data

Trend

2015-12

2016-12

2017-12

2018-12

2019-12

2020-12

2021-12

2022-12

2023-12

2024-04

Forward PE Ratio

9.66

11.64

11.72

6.74

8.79

12.61

8.54

6.75

9.44

11.10

Discover Financial Services Quarterly Data
	2015-12	2016-03	2016-06	2016-09	2016-12	2017-03	2017-06	2017-09	2017-12	2018-03	2018-06	2018-09	2018-12	2019-03	2019-06	2019-09	2019-12	2020-03	2020-06	2020-09	2020-12	2021-03	2021-06	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12	2023-03	2023-06	2023-09	2023-12	2024-03
Forward PE Ratio	9.66	8.01	9.38	9.04	11.64	11.27	10.21	9.71	11.72	9.21	9.02	8.90	6.74	8.22	8.87	8.52	8.79	4.40	11.76	8.45	12.61	11.16	10.01	10.02	8.54	7.83	6.60	6.01	6.75	6.99	8.49	6.67	9.44	11.35

Competitive Comparison of Discover Financial Services's Forward PE Ratio

For the Credit Services subindustry, Discover Financial Services's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Discover Financial Services's Forward PE Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Discover Financial Services's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Discover Financial Services's Forward PE Ratio falls into.

Discover Financial Services Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

Discover Financial Services (FRA:DC7) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

Discover Financial Services Forward PE Ratio Related Terms

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Discover Financial Services (FRA:DC7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Discover Financial Services (FRA:DC7) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

DFS:USA

Address

2500 Lake Cook Road, Riverwoods, IL, USA, 60015

Website

https://www.discover.com

Discover Financial Services is a bank operating in two distinct segments: direct banking and payment services. The company issues credit and debit cards and provides other consumer banking products including deposit accounts, students loans, and other personal loans. It also operates the Discover, Pulse, and Diners Club networks. The Discover network is the fourth-largest payment network in the United States as ranked by overall purchase volume, and Pulse is one of the largest ATM networks in the country.

Discover Financial Services (FRA:DC7) Headlines

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