Financials · Investment Banking & Brokerage · US stock · price as of 22 Oct 2026
Key indicators
Price
$91.44
52-week range
$83.96 – $114.53
Market cap
$159.0B
P/E (trailing)
129.7×
Dividend yield
1.3%
Revenue (last 12 months)
$26.0B
Revenue growth (3y a year)
4.8%
Price / book
3.2×
Return on equity
2.5%
Fair value
Fair value (average of valid models)$117.47 middle half of models $108 – $120
Versus priceUndervalued+29% to fair value
P/E multiple
$108.46
P/B multiple
$88.93
P/S multiple
$118.77
Dividend discount, stable
$119.53
Dividend discount, multi-stage
$151.66
Model uncertainty
Medium
X-Ray Score
68/ 100 · Medium confidence · ahead of 97% of sector peers
Valuation72
Growth59
Profitability70
Financial health78
Dividends50
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Charles Schwab is a brokerage and banking firm that provides investment accounts, trading, retirement services, banking and wealth management to individual investors and independent advisors. It earns money mainly from net interest revenue on client cash and loans, from asset management fees, and from trading and related services. Client assets and interest rate levels are significant drivers of results.
Looking at the top line, revenue was $26.0 billion for the latest twelve months and it grew by 4.8% a year over three years. Operating margin was 50.2%, and return on invested capital is 31%. Shareholders receive a dividend with a yield of 1.3%.
StocksXray gives Schwab Charles Corp an X-Ray Score of 68 out of 100 (medium confidence), ahead of 97% of the S&P 500 stocks in its sector. Its strongest lens is financial health (78) and its weakest is dividends (50).
Our fair value (the average of the valid models) is $117.47 (range $108.46 to $119.53). At $91.44 the stock trades 22% below that value, so the label is "Undervalued" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Schwab Charles Corp (SCHW)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$78.84
$78.92
$66.32
$72.40
$98.93
$91.44
Market cap
$149.6B
$149.5B
$121.4B
$132.8B
$179.0B
$159.0B
P/E
27.9×
22.5×
26.1×
24.2×
21.3×
129.7×
Price / book
2.7×
4.1×
3.0×
2.7×
3.6×
3.2×
Dividend yield
0.91%
1.06%
1.51%
1.38%
1.09%
1.35%
Fundamentals checklist ● 4 Good · ● 2 Average · ● 1 Bad · each check graded against the sector
Risk models
Piotroski F-Score8 of 9Good
Growth
EPS growth (3y)9.9%Average
Revenue growth (3y)4.8%Bad
Growth consistency90%Average
Valuation
Fair value vs price1.3×Good
Profitability
Return on invested capital31.3%Good
Operating margin50.2%Good
XStocksXray
Schwab Charles Corp (SCHW)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
18,520
20,762
18,837
19,606
23,921
26,025
Net income
6
7
5
6
9
1,253
Diluted EPS ($)
2.83
3.50
2.54
2.99
4.65
0.70
Net margin
0.0%
0.0%
0.0%
0.0%
0.0%
4.8%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
667,270
551,772
493,178
479,843
490,995
517,266
Cash
62,975
40,195
43,337
42,083
46,030
40,580
Total debt
26,769
38,128
26,128
22,428
24,099
22,669
Equity
56,261
36,608
40,958
48,375
49,425
50,147
Dividend per share ($)
0.72
0.84
1.00
1.00
1.08
1.18
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value is the average of up to 15 valuation models, most of them anchored to the company's own multiples, so it stays near the price and should be read as a range, not a point. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.
