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American Express CoXSWX:AXP +0.09%84 Price-to-Tangible-Book is 6.79 as of Aug. 12, 2026, which is 43% above its 10-year median of 4.76. GuruFocus rates XSWX:AXP with a GF Score™ of 84/100 and a GF Value™ of CHF274.63. The stock has 3 warning signs investors should review. Among 514 Credit Services companies, American Express Co ranks worse than 95.33% on this metric.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
American Express Co Price-to-Tangible-Book Related Terms
American Express Co Price-to-Tangible-Book Historical Data
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The historical data trend for American Express Co's Price-to-Tangible-Book 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.
XSWX:AXP vs COF, PYPL, SYF: Price-to-Tangible-Book Comparison
For the Credit Services subindustry, American Express Co's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
American Express Co Price-to-Tangible-Book vs Credit Services Industry
For the Credit Services industry and Financial Services sector, American Express Co's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where American Express Co's Price-to-Tangible-Book falls into.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
American Express Co (XSWX:AXP) has a Price-to-Tangible-Book of 6.79 as of Aug. 12, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on American Express Co and its competitors. This is 43% above median its historical median of 4.76. Over the past decade, American Express Co's Price-to-Tangible-Book has ranged from 2.79 to 8.90. According to the industry distribution chart, American Express Co ranks #490 out of 514 companies in the Credit Services industry, placing it in the top 95.3%.
Is American Express Co's Price-to-Tangible-Book too high?
American Express Co's current Price-to-Tangible-Book of 6.79 is 43% above median its 10-year median of 4.76. Over the past 10 years, this metric has ranged from a low of 2.79 to a high of 8.90. The Credit Services industry median Price-to-Tangible-Book is 1.13. American Express Co's value of 6.79 is 500.9% above this industry median. Based on the distribution chart, American Express Co ranks #490 out of 514 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, American Express Co has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does American Express Co's Price-to-Tangible-Book compare to COF and PYPL?
According to the Credit Services industry distribution chart, American Express Co ranks #490 out of 514 companies for Price-to-Tangible-Book. This places American Express Co in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.13. American Express Co's value of 6.79 is 500.9% above this benchmark. Historically, American Express Co's own Price-to-Tangible-Book has ranged from 2.79 to 8.90 over the past decade. While the company's 10-year median is 4.76 vs. the industry median of 1.13, American Express Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Credit Services company?
The median Price-to-Tangible-Book among Credit Services companies is 1.13, based on 514 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American Express Co's current Price-to-Tangible-Book of 6.79 is 500.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on American Express Co and its competitors. For the Credit Services industry, the median Price-to-Tangible-Book is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Express Co's current Price-to-Tangible-Book is 6.79, which is 43% above median its own 10-year median of 4.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Express Co stock overvalued right now?
American Express Co (XSWX:AXP) has a current Price-to-Tangible-Book of 6.79. The stock's GF Value™ is CHF274.63, compared to a current price of CHF275.80 — trading 0.4% above its estimated fair value. The current Price-to-Tangible-Book is 6.79, which is 43% above median its 10-year median of 4.76 and 500.9% above the Credit Services industry median of 1.13. American Express Co's overall GF Score™ is 84/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For American Express Co (XSWX:AXP), the current Price-to-Tangible-Book is 6.79 as of Aug. 12, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is American Express Co (XSWX:AXP) Overvalued in 2026?
Based on GuruFocus' analysis, American Express Co stock appears to be overvalued.
The current stock price of CHF275.80 is trading 0.4% above its estimated GF Value™ of CHF274.63.
Key valuation signals for XSWX:AXP:
Price-to-Tangible-Book: 6.79 (43% above median its 10-year median of 4.76)
GF Value™: CHF274.63 vs. price of CHF275.80 (0.4% above fair value)
Industry Position: 500.9% above the Credit Services median (#490 of 514)
No single metric tells the full story. See the XSWX:AXP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network. It operates in four segments: US consumer services, US commercial services, international card services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans.
84GF Score
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