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: 24.3×

P/S (TTM)

—

Sector avg: 8.6×

Market Cap

$960.36B

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 $356.19 —
BRK.B $504.14 —
V $379.47 —
MA $589.33 37.7×
BAC $61.96 16.9×
MS $213.41 21.9×
GS $1026.48 20.9×

Is the Multiple Justified?

August 9, 2026

JPMorgan Chase & Co. (JPM) is currently reporting negative trailing twelve-month (TTM) earnings, which renders its Price/Earnings (P/E) multiple undefined and Price/Sales (P/S) not applicable as a standard valuation metric for financial institutions. This unprofitability is primarily attributed to a substantial one-time legal charge incurred in Q2 2026, stemming from a settlement with the U.S. Department of Justice. Excluding this significant charge, the bank's underlying operational performance demonstrated resilience. Net interest income (NII) showed growth, supported by higher interest rates and an expanding balance sheet. Key business segments, including Consumer & Community Banking and the Corporate & Investment Bank, reported solid activity, with strong deposit trends and healthy investment banking fees. The financial sector's outlook remains sensitive to macroeconomic conditions and interest rate policies. JPM's strategic investments and diversified business model suggest a focus on long-term growth, despite the temporary impact of the legal settlement on its reported earnings.

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

V BAC MS GS MA BRK.B