2023-04-28 06:45:00 ET
The last time the valuation of Charles Schwab (NYSE: SCHW) was this low, aside from March 2020 when all stocks plummeted at the start of the pandemic, was at the end of 2011.
In 2011, Schwab endured a difficult year. Its stock price dropped 33%, and by Dec. 31, 2011, it was trading at just $9.86 per share. At that point, it had a price-to-earnings (P/E) ratio of 14.1.
Fast-forward 11-plus years to 2023 and Schwab is enduring another rough stretch, and its stock price is down about 38% year to date and it is trading at around $51 per share. Its P/E ratio is about 14, which is the lowest since the end of 2011 -- except for the aforementioned pandemic dip.
For further details see:
If You Invested $10,000 in Schwab in 2012, This Is How Much You Would Have Today