Highly Regarded

Is JPMorgan Chase & Co. (JPM) Stock Undervalued or Overvalued?

Trailing-twelve-month multiples vs Financials sector peers in our coverage

Insufficient Data TTM fundamentals · sector averages from covered peers

We don’t have enough peer data to compute a reliable sector comparison for JPM right now.

JPM has negative trailing-twelve-month earnings, so a P/E ratio isn't meaningful — we compare on price-to-sales instead.

The Numbers

P/E (TTM)

—

Sector avg: 23.7×

P/S (TTM)

—

Sector avg: 8.2×

Market Cap

$910.78B

EPS (TTM): —

Revenue (TTM)

—

Net income: —

Financials Peer Comparison

How JPM's multiples stack up against sector peers we cover. Click any peer for its own valuation breakdown.

Stock Price P/E (TTM)
JPM This page $337.80 —
BRK.B $506.66 —
V $357.21 —
MA $533.36 34.1×
BAC $59.89 16.4×
MS $222.08 22.8×
GS $1054.88 21.4×

Is the Multiple Justified?

July 6, 2026

JPMorgan Chase's reported negative TTM earnings, despite strong recent quarterly performance, presents a complex valuation picture. In Q1 2026, the firm reported a net income of $16.5 billion on $50.5 billion in revenue, exceeding analyst expectations, driven by robust markets, investment banking, and asset management activities. The company also announced a 15% dividend increase and a $20 billion share buyback program, signaling strong capital health. The discrepancy with negative TTM earnings might stem from specific accounting adjustments or one-off charges not reflected in recent positive quarterly trends. The absence of a P/S multiple further complicates direct comparison, but the strong revenue growth and capital returns suggest underlying operational strength.

Sources

Frequently Asked Questions

Is JPM overvalued or undervalued?
We don't have enough peer data to compute a sector comparison for JPM right now.
What does the P/E ratio tell you?
Price-to-earnings compares a company's share price with its per-share profits. A higher multiple means investors pay more per dollar of earnings — often for faster expected growth — while a lower one can signal slower growth or higher perceived risk.
Why compare against the sector average?
Valuation multiples vary structurally between industries — software typically trades richer than banks or energy. Comparing JPM with its own Financials peers is more informative than comparing against the whole market.
Is a cheap stock automatically a good buy?
No. A discount can be justified by weak growth or elevated risk (a "value trap"), and a premium can be earned by quality and consistency. Valuation is one input — pair it with the fundamentals and the AI context on this page.

Methodology

Multiples are computed from trailing-twelve-month fundamentals (from company filings) and the latest share price: P/E is price ÷ diluted EPS, and P/S is market cap ÷ revenue. Sector averages use the Financials names in our 50-stock coverage with positive earnings — a deliberately like-for-like, if imperfect, benchmark.

Stocks with negative trailing earnings are compared on price-to-sales instead. Multiples update with prices and fundamentals; AI context refreshes weekly.

Not Financial Advice

This page is for education and information only. Indicators are mechanical calculations, AI commentary can contain errors, and nothing here is a recommendation to buy or sell any security. Do your own research and consider consulting a qualified financial advisor. See our full disclaimer.

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Same question, Financials peers

BRK.B MA GS MS V BAC