Forward PE Ratio: 12.59
The forward PE ratio is 12.59 as of Thursday, July 9, 2026.
Forward PE Ratio (12.59) = Close Price ($200.05) / Consensus Forward EPS ($15.89)
DFS Forward PE Ratio Metrics
FORWARD PE RATIO
12.59
DFS Competitors' Forward PE Ratio
Discover Financial Services
Market Cap
$50.34B
Forward PE Ratio
12.59
Market Cap
$43.69B
Forward PE Ratio
N/A
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Discover Financial Services (DFS) | $50.34B | 12.59 |
| State Street Corporation (STT)vs › | $49.86B | 13.84 |
| Nasdaq, Inc. (NDAQ)vs › | $49.50B | 21.40 |
| Fifth Third Bancorp (FITB)vs › | $51.24B | 18.03 |
| Ameriprise Financial, Inc. (AMP)vs › | $44.96B | 11.01 |
| MSCI Inc. (MSCI)vs › | $43.92B | 30.65 |
| State Street SPDR Dow Jones Industrial Average ETF Trust (DIA)vs › | $43.69B | N/A |
| MetLife, Inc. (MET)vs › | $58.65B | 9.09 |
| American International Group, Inc. (AIG)vs › | $41.94B | 9.89 |
| Coinbase Global, Inc. (COIN)vs › | $41.74B | 246.15 |
Trailing vs Forward
Trailing P/E
10.7
reported TTM EPS
Forward P/E
12.6
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $15.89 implies -15.3% EPS decline vs the reported trailing $18.75.
Forward P/E by Fiscal Year
View All Analyst EstimatesAt today's $200.05 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $15.89 | $14.66 – $18.94 | 12 | 12.6x |
| 2027-12-31 | $17.88 | $16.96 – $19.05 | 5 | 11.2x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
Forward PE Ratio Formula & Definition
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Forward PE Ratio FAQ
- What is the forward PE ratio for Discover Financial Services (DFS)?
- The forward PE ratio for DFS stock is 12.59.
Related Metrics
About Discover Financial Services
Based in Riverwoods, Illinois, and founded in 1960, Discover Financial Services offers a comprehensive suite of digital banking and payment solutions throughout the United States. Its operations are organized into two primary divisions: Digital Banking and Payment Services. The Digital Banking segment caters to individuals with Discover-branded credit cards, various consumer loan products including private student, personal, and home loans, and a direct-to-consumer deposit portfolio featuring savings, certificates of deposit (CDs), money market, checking, and sweep accounts, alongside specialized IRA deposit options. The Payment Services segment is responsible for operating the PULSE network, which supports automated teller machines, debit transactions, and electronic funds transfers. It also oversees Diners Club International, a global payments network involved in issuing branded charge cards and facilitating card acceptance. Furthermore, this segment provides essential payment transaction processing and settlement services.
- Sector
- Financial Services
- Industry
- Financial - Credit Services
- CEO
- J. Michael Shepherd