Discover Financial Services
—Price / book
Market cap
—
Tangible equity (USD)
—
Price / tangible book
—
Price / book
—
Net income / ending equity
25.3%
Net income / ending assets
3.1%
Efficiency ratio
247.6%
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: DFS stock price vs JPM: inconclusive — current versus $285.20 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at JPM's multiple
Implied fair value · at DFS's multiple
Needs DFS P/E.
Close Dec 31, 2025
Metric by metric
Filter, sort, and scan the equity metrics that matter most for banks: book value, tangible book, returns, and operating efficiency.
Lower is better
Lower is better
Profitability edge
Asset efficiency edge
Less efficient
Statements
Reported bank earnings and balances, with each company’s reporting period shown.
Values retain reported currencies and share bases. Select a figure to inspect its period, calculation and filing inputs. Differences require compatible units and periods.
Explore enterprise value and market valuation multiples in the valuation sections.
Trendline
Nine period-end years of reported revenue, earnings, and margins. Periods and currencies are shown with the data.
Price framework
Tangible book and profitability anchor a bank, not enterprise value.
Deposits and cash-like balances distort enterprise value for banks, so this section reads equity value, tangible book and profitability instead.
Price / book
Market cap
—
Tangible equity (USD)
—
Price / tangible book
—
Price / book
—
Net income / ending equity
25.3%
Net income / ending assets
3.1%
Efficiency ratio
247.6%
Price / tangible book
Market cap
$855.69B
Tangible equity (USD)
$307.11B
Price / tangible book
2.79x
Price / book
2.36x
Net income / ending equity
15.7%
Net income / ending assets
1.3%
Efficiency ratio
52.4%
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
DISCOVER FINANCIAL SERVICES · implied price per share
Bank model off — standard DCF modelling is disabled for financial institutions.
JPMORGAN CHASE & CO · implied price per share
Bank model off — standard DCF modelling is disabled for financial institutions.
Balance sheet health
Inspect reported liquidity and leverage alongside historical financial-health checks.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Cash excludes investments. EBITDA is an operating-income-plus-D&A proxy. Missing borrowing categories remain unavailable; select a value to inspect its inputs.
Comparable set
Where the pair sits against the wider banking comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
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DFS vs COF
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DFS vs AXP
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DFS vs V
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DFS vs MA
Bank of America Corporation
DFS vs BAC
Citigroup Inc.
DFS vs C
Wells Fargo & Company
DFS vs WFC
The Goldman Sachs Group, Inc.
DFS vs GS
Morgan Stanley
DFS vs MS
PNC FINANCIAL SERVICES GROUP, INC.
DFS vs PNC
US BANCORP \DE\
DFS vs USB
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe DFS can sustain its 12.2% revenue growth without giving up its margin profile, then a constructive view is warranted because JPM-implied and DCF ranges both sit above the provided DFS implied price of $285.20; if not, the mixed profitability versus JPM argues for caution.
The provided valuation work implies DFS at $285.20, with JPM-implied value ranging from $316.66 to $1,260.02 and DCF value from $494.54 to $669.09, suggesting meaningful upside under both frameworks. However, the comparison set is incomplete because DFS has no stated P/E or P/S, while JPM trades at 16.1x P/E and 5.2x P/S, making it difficult to judge whether DFS deserves a premium or discount on the same basis.
Supporting Metrics