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JPMORGAN CHASE & CO (JPM) Stock Fundamental Analysis

USA - New York Stock Exchange - NYSE:JPM - US46625H1005 - Common Stock

327.91 USD
-1.26 (-0.38%)
Last: 12/26/2025, 8:04:00 PM
327.85 USD
-0.06 (-0.02%)
After Hours: 12/26/2025, 8:04:00 PM
Fundamental Rating

3

Overall JPM gets a fundamental rating of 3 out of 10. We evaluated JPM against 388 industry peers in the Banks industry. While JPM is still in line with the averages on profitability rating, there are concerns on its financial health. While showing a medium growth rate, JPM is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year JPM was profitable.
JPM had a negative operating cash flow in the past year.
In the past 5 years JPM has always 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50B -50B 100B

1.2 Ratios

With a decent Return On Assets value of 1.24%, JPM is doing good in the industry, outperforming 79.64% of the companies in the same industry.
Looking at the Return On Equity, with a value of 15.73%, JPM belongs to the top of the industry, outperforming 94.33% of the companies in the same industry.
Industry RankSector Rank
ROA 1.24%
ROE 15.73%
ROIC N/A
ROA(3y)1.21%
ROA(5y)1.14%
ROE(3y)14.45%
ROE(5y)13.79%
ROIC(3y)N/A
ROIC(5y)N/A
JPM Yearly ROA, ROE, ROICJPM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15

1.3 Margins

JPM has a Profit Margin of 31.58%. This is amongst the best in the industry. JPM outperforms 84.02% of its industry peers.
JPM's Profit Margin has been stable in the last couple of years.
JPM does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) 31.58%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-5.73%
PM growth 5Y1.36%
GM growth 3YN/A
GM growth 5YN/A
JPM Yearly Profit, Operating, Gross MarginsJPM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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1

2. Health

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B
JPM Yearly Total Debt VS Total AssetsJPM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1T 2T 3T 4T

2.2 Solvency

JPM has a Debt/Equity ratio of 2.95. This is a high value indicating a heavy dependency on external financing.
JPM's Debt to Equity ratio of 2.95 is on the low side compared to the rest of the industry. JPM is outperformed by 92.53% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.95
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACC10.33%
JPM Yearly LT Debt VS Equity VS FCFJPM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100B 200B 300B

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200B 400B 600B

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 22.59% over the past year.
Measured over the past years, JPM shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.43% on average per year.
Looking at the last year, JPM shows a small growth in Revenue. The Revenue has grown by 3.49% in the last year.
The Revenue has been growing by 8.94% on average over the past years. This is quite good.
EPS 1Y (TTM)22.59%
EPS 3Y5.01%
EPS 5Y11.43%
EPS Q2Q%16.02%
Revenue 1Y (TTM)3.49%
Revenue growth 3Y13.43%
Revenue growth 5Y8.94%
Sales Q2Q%8.78%

3.2 Future

Based on estimates for the next years, JPM will show a small growth in Earnings Per Share. The EPS will grow by 7.80% on average per year.
Based on estimates for the next years, JPM will show a small growth in Revenue. The Revenue will grow by 3.21% on average per year.
EPS Next Y14.35%
EPS Next 2Y9.27%
EPS Next 3Y9.06%
EPS Next 5Y7.8%
Revenue Next Year3.32%
Revenue Next 2Y3.37%
Revenue Next 3Y3.52%
Revenue Next 5Y3.21%

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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
JPM Yearly Revenue VS EstimatesJPM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 50B 100B 150B 200B
JPM Yearly EPS VS EstimatesJPM Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 10 20 30

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2

4. Valuation

4.1 Price/Earnings Ratio

JPM is valuated correctly with a Price/Earnings ratio of 16.60.
73.45% of the companies in the same industry are cheaper than JPM, based on the Price/Earnings ratio.
JPM is valuated rather cheaply when we compare the Price/Earnings ratio to 26.57, which is the current average of the S&P500 Index.
JPM is valuated correctly with a Price/Forward Earnings ratio of 15.36.
74.48% of the companies in the same industry are cheaper than JPM, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of JPM to the average of the S&P500 Index (24.04), we can say JPM is valued slightly cheaper.
Industry RankSector Rank
PE 16.6
Fwd PE 15.36
JPM Price Earnings VS Forward Price EarningsJPM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

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 50 100

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)1.16
PEG (5Y)1.45
EPS Next 2Y9.27%
EPS Next 3Y9.06%

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6

5. Dividend

5.1 Amount

JPM has a Yearly Dividend Yield of 1.82%.
Compared to an average industry Dividend Yield of 2.75, JPM is paying slightly less dividend.
Compared to an average S&P500 Dividend Yield of 2.00, JPM has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.82%

5.2 History

On average, the dividend of JPM grows each year by 6.07%, 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)6.07%
Div Incr Years14
Div Non Decr Years14
JPM Yearly Dividends per shareJPM Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4 5

5.3 Sustainability

JPM pays out 28.36% of its income as dividend. This is a sustainable payout ratio.
The dividend of JPM is growing, but earnings are growing more, so the dividend growth is sustainable.
DP28.36%
EPS Next 2Y9.27%
EPS Next 3Y9.06%
JPM Yearly Income VS Free CF VS DividendJPM Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50B -50B 100B
JPM Dividend Payout.JPM Dividend Payout, showing the Payout Ratio.JPM Dividend Payout.PayoutRetained Earnings

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JPMORGAN CHASE & CO

NYSE:JPM (12/26/2025, 8:04:00 PM)

After market: 327.85 -0.06 (-0.02%)

327.91

-1.26 (-0.38%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupBanks
GICS IndustryBanks
Earnings (Last)10-14 2025-10-14/bmo
Earnings (Next)01-13 2026-01-13/amc
Inst Owners73.9%
Inst Owner Change-4.02%
Ins Owners0.38%
Ins Owner Change-0.39%
Market Cap901.67B
Revenue(TTM)179.42B
Net Income(TTM)56.66B
Analysts73.33
Price Target332.14 (1.29%)
Short Float %0.88%
Short Ratio2.81
Dividend
Industry RankSector Rank
Dividend Yield 1.82%
Yearly Dividend5.21
Dividend Growth(5Y)6.07%
DP28.36%
Div Incr Years14
Div Non Decr Years14
Ex-Date01-06 2026-01-06 (1.5)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)6.69%
Min EPS beat(2)3.81%
Max EPS beat(2)9.57%
EPS beat(4)4
Avg EPS beat(4)8.67%
Min EPS beat(4)3.81%
Max EPS beat(4)15.92%
EPS beat(8)7
Avg EPS beat(8)5.1%
EPS beat(12)11
Avg EPS beat(12)9.76%
EPS beat(16)14
Avg EPS beat(16)8.66%
Revenue beat(2)2
Avg Revenue beat(2)2.72%
Min Revenue beat(2)2.66%
Max Revenue beat(2)2.79%
Revenue beat(4)4
Avg Revenue beat(4)3.12%
Min Revenue beat(4)2.66%
Max Revenue beat(4)3.77%
Revenue beat(8)7
Avg Revenue beat(8)2.1%
Revenue beat(12)10
Avg Revenue beat(12)2.56%
Revenue beat(16)11
Avg Revenue beat(16)1.4%
PT rev (1m)0.53%
PT rev (3m)6.68%
EPS NQ rev (1m)0.34%
EPS NQ rev (3m)5.52%
EPS NY rev (1m)-0.09%
EPS NY rev (3m)3.71%
Revenue NQ rev (1m)0.14%
Revenue NQ rev (3m)2.88%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)2.21%
Valuation
Industry RankSector Rank
PE 16.6
Fwd PE 15.36
P/S 5.03
P/FCF N/A
P/OCF N/A
P/B 2.5
P/tB 3.05
EV/EBITDA N/A
EPS(TTM)19.75
EY6.02%
EPS(NY)21.35
Fwd EY6.51%
FCF(TTM)-43.55
FCFYN/A
OCF(TTM)-43.55
OCFYN/A
SpS65.25
BVpS131
TBVpS107.56
PEG (NY)1.16
PEG (5Y)1.45
Graham Number241.27
Profitability
Industry RankSector Rank
ROA 1.24%
ROE 15.73%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 31.58%
GM N/A
FCFM N/A
ROA(3y)1.21%
ROA(5y)1.14%
ROE(3y)14.45%
ROE(5y)13.79%
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 3Y-5.73%
PM growth 5Y1.36%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.04
Health
Industry RankSector Rank
Debt/Equity 2.95
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-Score4
WACC10.33%
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)22.59%
EPS 3Y5.01%
EPS 5Y11.43%
EPS Q2Q%16.02%
EPS Next Y14.35%
EPS Next 2Y9.27%
EPS Next 3Y9.06%
EPS Next 5Y7.8%
Revenue 1Y (TTM)3.49%
Revenue growth 3Y13.43%
Revenue growth 5Y8.94%
Sales Q2Q%8.78%
Revenue Next Year3.32%
Revenue Next 2Y3.37%
Revenue Next 3Y3.52%
Revenue Next 5Y3.21%
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-321.9%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-321.9%
OCF growth 3YN/A
OCF growth 5YN/A

JPMORGAN CHASE & CO / JPM FAQ

What is the fundamental rating for JPM stock?

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


Can you provide the valuation status for JPMORGAN CHASE & CO?

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.


What are the PE and PB ratios of JPMORGAN CHASE & CO (JPM) stock?

The Price/Earnings (PE) ratio for JPMORGAN CHASE & CO (JPM) is 16.6 and the Price/Book (PB) ratio is 2.5.


What is the expected EPS growth for JPMORGAN CHASE & CO (JPM) stock?

The Earnings per Share (EPS) of JPMORGAN CHASE & CO (JPM) is expected to grow by 14.35% in the next year.