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Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2025-03-15), Discover Financial Services's Beta is 1.31.
The historical data trend for Discover Financial Services's Beta 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.
Discover Financial Services Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Beta | Get a 7-Day Free Trial |
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1.77 | 1.75 | 1.37 | 1.09 | 1.20 |
Discover Financial Services Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Beta | Get a 7-Day Free Trial |
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1.09 | 1.12 | 1.03 | 1.02 | 1.20 |
For the Credit Services subindustry, Discover Financial Services's Beta, along with its competitors' market caps and Beta 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.
For the Credit Services industry and Financial Services sector, Discover Financial Services's Beta distribution charts can be found below:
* The bar in red indicates where Discover Financial Services's Beta falls into.
Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.
Discover Financial Services (NYSE:DFS) Beta Explanation
Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.
Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)
Thank you for viewing the detailed overview of Discover Financial Services's Beta provided by GuruFocus.com. Please click on the following links to see related term pages.
John Greene | officer: EVP & Chief Financial Officer | 51 LIME STREET, LONDON X0 EC3M 7DQ |
Kathy Lonowski | director | 2500 LAKE COOK ROAD, RIVERWOODS IL 60015 |
Michael Shepherd | director | 567 HALE STREET, PALO ALTO CA 94301 |
Jason Strle | officer: EVP, Chief Information Officer | 2500 LAKE COOK ROAD, RIVERWOODS IL 60015 |
Jason P. Hanson | officer: EVP, Pres. - Payment Services | 2500 LAKE COOK ROAD, RIVERWOODS IL 60015 |
Daniela O'leary-gill | director | 2500 LAKE COOK ROAD, RIVERWOODS IL 60015 |
Beverley A Sibblies | director | 2700 SANDERS ROAD, PROSPECT HEIGHTS IL 60070 |
Robert Andrew Eichfeld | officer: EVP - Chief HR & Admin Officer | 2500 LAKE COOK ROAD, RIVERWOODS IL 60015 |
Carlos Minetti | officer: EVP, Pres. - Consumer Banking | 2500 LAKE COOK ROAD, RIVERWOODS IL 60015 |
Hope Mehlman | officer: EVP, Chief Legal Officer & GC | 2500 LAKE COOK ROAD, RIVERWOODS IL 60015 |
Michael H Moskow | director | 444 WEST LAKE STREET, STE. 4700, CHICAGO IL 60606 |
John B Owen | director | REGIONS FINANCIAL CORPORATION, 1900 5TH AVENUE NORTH, 21ST FLOOR, BIRMINGHAM AL 35203 |
Shifra Kolsky | officer: SVP, Controller and CAO | 2500 LAKE COOK ROAD, RIVERWOODS IL 60015 |
Michael E Roemer | officer: EVP, Chief Risk Officer | AMERICAN INTERNATIONAL GROUP, INC., 70 PINE STREET, NEW YORK NY 10270 |
Daniel Peter Capozzi | officer: EVP, Pres - Cr Ops & Dec Mgmt | 2500 LAKE COOK ROAD, RIVERWOODS IL 60015 |
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