JPMORGAN CHASE & CO (JPM) Fundamental Analysis & Valuation

NYSE:JPM • US46625H1005

Current stock price

282.84 USD
-8.82 (-3.02%)
At close:
282.6 USD
-0.24 (-0.08%)
After Hours:

This JPM fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. JPM Profitability Analysis

1.1 Basic Checks

  • In the past year JPM was profitable.
  • In the past year JPM has reported a negative cash flow from operations.
  • Each year in the past 5 years JPM has been profitable.
  • In multiple years JPM reported negative operating cash flow during the last 5 years.
JPM Yearly Net Income VS EBIT VS OCF VS FCFJPM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50B -50B 100B -100B

1.2 Ratios

  • The Return On Assets of JPM (1.26%) is better than 77.89% of its industry peers.
  • JPM has a Return On Equity of 15.36%. This is amongst the best in the industry. JPM outperforms 93.42% of its industry peers.
Industry RankSector Rank
ROA 1.26%
ROE 15.36%
ROIC N/A
ROA(3y)1.3%
ROA(5y)1.23%
ROE(3y)15.47%
ROE(5y)14.9%
ROIC(3y)N/A
ROIC(5y)N/A
JPM Yearly ROA, ROE, ROICJPM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • Looking at the Profit Margin, with a value of 30.52%, JPM is in the better half of the industry, outperforming 77.37% of the companies in the same industry.
  • In the last couple of years the Profit Margin of JPM has grown nicely.
  • The Operating Margin and Gross Margin are not available for JPM so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 30.52%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y3.05%
PM growth 5Y5.96%
GM growth 3YN/A
GM growth 5YN/A
JPM Yearly Profit, Operating, Gross MarginsJPM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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1

2. JPM Health Analysis

2.1 Basic Checks

  • JPM does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • JPM has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, JPM has less shares outstanding
  • JPM has a worse debt/assets ratio than last year.
JPM Yearly Shares OutstandingJPM Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B
JPM Yearly Total Debt VS Total AssetsJPM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1T 2T 3T 4T

2.2 Solvency

  • A Debt/Equity ratio of 2.60 is on the high side and indicates that JPM has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 2.60, JPM is doing worse than 90.79% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 2.6
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC9.72%
JPM Yearly LT Debt VS Equity VS FCFJPM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100B -100B 200B 300B 400B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
JPM Yearly Current Assets VS Current LiabilitesJPM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200B 400B 600B 800B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. JPM Growth Analysis

3.1 Past

  • JPM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 12.81%, which is quite good.
  • The Earnings Per Share has been growing by 17.86% on average over the past years. This is quite good.
  • Looking at the last year, JPM shows a small growth in Revenue. The Revenue has grown by 2.75% in the last year.
  • The Revenue has been growing by 8.75% on average over the past years. This is quite good.
EPS 1Y (TTM)12.81%
EPS 3Y17.48%
EPS 5Y17.86%
EPS Q2Q%8.73%
Revenue 1Y (TTM)2.75%
Revenue growth 3Y12.34%
Revenue growth 5Y8.75%
Sales Q2Q%6.93%

3.2 Future

  • The Earnings Per Share is expected to grow by 8.32% on average over the next years. This is quite good.
  • Based on estimates for the next years, JPM will show a small growth in Revenue. The Revenue will grow by 3.87% on average per year.
EPS Next Y8.6%
EPS Next 2Y8.05%
EPS Next 3Y8.87%
EPS Next 5Y8.32%
Revenue Next Year5.95%
Revenue Next 2Y4.86%
Revenue Next 3Y5.31%
Revenue Next 5Y3.87%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
JPM Yearly Revenue VS EstimatesJPM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 50B 100B 150B 200B 250B
JPM Yearly EPS VS EstimatesJPM Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10 20 30 40

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2

4. JPM Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 14.02, which indicates a correct valuation of JPM.
  • 72.11% of the companies in the same industry are cheaper than JPM, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 24.88. JPM is valued slightly cheaper when compared to this.
  • Based on the Price/Forward Earnings ratio of 12.91, the valuation of JPM can be described as correct.
  • Based on the Price/Forward Earnings ratio, JPM is valued a bit more expensive than the industry average as 72.37% of the companies are valued more cheaply.
  • The average S&P500 Price/Forward Earnings ratio is at 22.19. JPM is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 14.02
Fwd PE 12.91
JPM Price Earnings VS Forward Price EarningsJPM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
JPM Per share dataJPM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 -50 100

4.3 Compensation for Growth

  • JPM's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.63
PEG (5Y)0.79
EPS Next 2Y8.05%
EPS Next 3Y8.87%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. JPM Dividend Analysis

5.1 Amount

  • JPM has a Yearly Dividend Yield of 2.06%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 2.69, JPM is paying slightly less dividend.
  • JPM's Dividend Yield is comparable with the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 2.06%

5.2 History

  • On average, the dividend of JPM grows each year by 7.90%, which is quite nice.
  • JPM has been paying a dividend for at least 10 years, so it has a reliable track record.
  • JPM has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)7.9%
Div Incr Years14
Div Non Decr Years14
JPM Yearly Dividends per shareJPM Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4 5

5.3 Sustainability

  • 29.86% of the earnings are spent on dividend by JPM. This is a low number and sustainable payout ratio.
  • JPM's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP29.86%
EPS Next 2Y8.05%
EPS Next 3Y8.87%
JPM Yearly Income VS Free CF VS DividendJPM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50B -50B 100B -100B
JPM Dividend Payout.JPM Dividend Payout, showing the Payout Ratio.JPM Dividend Payout.PayoutRetained Earnings

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JPM Fundamentals: All Metrics, Ratios and Statistics

JPMORGAN CHASE & CO

NYSE:JPM (3/27/2026, 8:04:00 PM)

After market: 282.6 -0.24 (-0.08%)

282.84

-8.82 (-3.02%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)01-13
Earnings (Next)04-14
Inst Owners74.61%
Inst Owner Change-0.12%
Ins Owners0.33%
Ins Owner Change4.64%
Market Cap762.83B
Revenue(TTM)182.45B
Net Income(TTM)55.68B
Analysts74.19
Price Target344.93 (21.95%)
Short Float %0.86%
Short Ratio2.06
Dividend
Industry RankSector Rank
Dividend Yield 2.06%
Yearly Dividend6.05
Dividend Growth(5Y)7.9%
DP29.86%
Div Incr Years14
Div Non Decr Years14
Ex-Date01-06
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.65%
Min EPS beat(2)3.48%
Max EPS beat(2)3.81%
EPS beat(4)4
Avg EPS beat(4)5.56%
Min EPS beat(4)3.48%
Max EPS beat(4)9.57%
EPS beat(8)8
Avg EPS beat(8)6.71%
EPS beat(12)11
Avg EPS beat(12)8.8%
EPS beat(16)14
Avg EPS beat(16)8.28%
Revenue beat(2)2
Avg Revenue beat(2)1.51%
Min Revenue beat(2)0.22%
Max Revenue beat(2)2.79%
Revenue beat(4)4
Avg Revenue beat(4)2.24%
Min Revenue beat(4)0.22%
Max Revenue beat(4)3.28%
Revenue beat(8)8
Avg Revenue beat(8)2.2%
Revenue beat(12)11
Avg Revenue beat(12)2.62%
Revenue beat(16)12
Avg Revenue beat(16)1.61%
PT rev (1m)-0.48%
PT rev (3m)3.85%
EPS NQ rev (1m)2.59%
EPS NQ rev (3m)3.55%
EPS NY rev (1m)1.36%
EPS NY rev (3m)3.18%
Revenue NQ rev (1m)0.96%
Revenue NQ rev (3m)2.35%
Revenue NY rev (1m)0.43%
Revenue NY rev (3m)2.13%
Valuation
Industry RankSector Rank
PE 14.02
Fwd PE 12.91
P/S 4.18
P/FCF N/A
P/OCF N/A
P/B 2.1
P/tB 2.56
EV/EBITDA N/A
EPS(TTM)20.17
EY7.13%
EPS(NY)21.9
Fwd EY7.74%
FCF(TTM)-54.79
FCFYN/A
OCF(TTM)-54.79
OCFYN/A
SpS67.65
BVpS134.38
TBVpS110.48
PEG (NY)1.63
PEG (5Y)0.79
Graham Number246.96
Profitability
Industry RankSector Rank
ROA 1.26%
ROE 15.36%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 30.52%
GM N/A
FCFM N/A
ROA(3y)1.3%
ROA(5y)1.23%
ROE(3y)15.47%
ROE(5y)14.9%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y3.05%
PM growth 5Y5.96%
GM growth 3YN/A
GM growth 5YN/A
F-Score2
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 2.6
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score2
WACC9.72%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)12.81%
EPS 3Y17.48%
EPS 5Y17.86%
EPS Q2Q%8.73%
EPS Next Y8.6%
EPS Next 2Y8.05%
EPS Next 3Y8.87%
EPS Next 5Y8.32%
Revenue 1Y (TTM)2.75%
Revenue growth 3Y12.34%
Revenue growth 5Y8.75%
Sales Q2Q%6.93%
Revenue Next Year5.95%
Revenue Next 2Y4.86%
Revenue Next 3Y5.31%
Revenue Next 5Y3.87%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-251.76%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-251.76%
OCF growth 3YN/A
OCF growth 5YN/A

JPMORGAN CHASE & CO / JPM Fundamental Analysis FAQ

What is the fundamental rating for JPM stock?

ChartMill assigns a fundamental rating of 3 / 10 to JPM.


What is the valuation status for JPM stock?

ChartMill assigns a valuation rating of 2 / 10 to JPMORGAN CHASE & CO (JPM). This can be considered as Overvalued.


Can you provide the profitability details for JPMORGAN CHASE & CO?

JPMORGAN CHASE & CO (JPM) has a profitability rating of 4 / 10.


Can you provide the PE and PB ratios for JPM stock?

The Price/Earnings (PE) ratio for JPMORGAN CHASE & CO (JPM) is 14.02 and the Price/Book (PB) ratio is 2.1.


Can you provide the expected EPS growth for JPM stock?

The Earnings per Share (EPS) of JPMORGAN CHASE & CO (JPM) is expected to grow by 8.6% in the next year.