Question 1

What is JPMorgan Chase's P/FCF ratio?

Accepted Answer

JPMorgan Chase (JPM) P/FCF ratio is 6.2× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for JPMorgan Chase?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For JPMorgan Chase specifically, the relevant sector benchmark is the current sector median of 11.1×.

Question 5

Is JPMorgan Chase's P/FCF ratio high or low?

Accepted Answer

JPMorgan Chase's P/FCF ratio of 6.2× is below its own 5-year average of 9.1× and below the sector median of 11.1×. That places the current reading at the 57th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is JPMorgan Chase's historical P/FCF ratio range?

Accepted Answer

In the available daily series, JPMorgan Chase (JPM) P/FCF ratio has ranged from a low of 1.3× in 2009 to a high of 308.8× in 2014. The 5-year average is 9.1× and the 5-year median is 5.8×.

Question 7

What was JPMorgan Chase's P/FCF ratio in 2025?

Accepted Answer

JPMorgan Chase (JPM) P/FCF ratio at the end of 2025 was 8.9×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does JPMorgan Chase's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$898.57B	$100.87B	8.9×	—	Dec 31, 2025
2024	$680.03B	−$42.01B	—	—	Dec 31, 2024
2023	$495.74B	$12.97B	38.2×	+34.5×	Dec 31, 2023
2022	$397.32B	$107.12B	3.7×	-2.2×	Dec 31, 2022
2021	$472.15B	$80.37B	5.9×	—	Dec 31, 2021
2020	$392.02B	−$79.91B	—	—	Dec 31, 2020
2019	$438.90B	−$874.00M	—	—	Dec 31, 2019
2018	$325.64B	$28.50B	11.4×	—	Dec 31, 2018
2017	$374.38B	−$9.84B	—	—	Dec 31, 2017
2016	$311.16B	$20.20B	15.4×	+12.1×	Dec 31, 2016
2015	$244.61B	$73.47B	3.3×	-3.1×	Dec 31, 2015
2014	$234.38B	$36.59B	6.4×	+4.3×	Dec 31, 2014
2013	$221.87B	$107.76B	2.1×	-4.6×	Dec 31, 2013
2012	$168.00B	$25.08B	6.7×	+5.4×	Dec 31, 2012
2011	$126.41B	$95.93B	1.3×	—	Dec 31, 2011
2010	$166.16B	−$2.97B	—	—	Dec 31, 2010
2009	$164.43B	$121.90B	1.3×	-3.8×	Dec 31, 2009
2008	$117.84B	$23.10B	5.1×	—	Dec 31, 2008
2007	$146.97B	−$110.56B	—	—	Dec 31, 2007
2006	$166.94B	−$49.58B	—	—	Dec 31, 2006
2005	$137.83B	−$32.17B	—	—	Dec 31, 2005
2004	$137.22B	−$21.80B	—	—	Dec 31, 2004
2003	$74.12B	$14.60B	5.1×	—	Dec 31, 2003
2002	$48.00B	−$25.13B	—	—	Dec 31, 2002
2001	$71.58B	−$3.11B	—	—	Dec 31, 2001


PayPal (PYPL)	7.5×
Assurant (AIZ)	7.5×
Progressive (PGR)	7.1×
Cincinnati Financial (CINF)	7.1×
Alerus Financial (ALRS)	7.0×
Interactive Brokers (IBKR)	6.9×
Invesco (IVZ)	6.9×
American Financial Group (AFG)	6.8×
The Hartford (HIG)	6.5×
Commerce Bancshares (CBSH)	6.4×
Bank of America (BAC)	6.3×
Arch Capital Group (ACGL)	5.9×
Travelers Companies (TRV)	5.5×
Principal Financial Group (PFG)	5.5×
Everest Re Group (RE)	5.0×
Allstate (ALL)	4.7×
Everest Re Group (EG)	4.6×
Capital One Financial (COF)	3.9×
Prudential Financial (PRU)	3.5×
Mercury General (MCY)	3.4×
RenaissanceRe Holdings (RNR)	3.0×
MetLife (MET)	2.8×
Synchrony Financial (SYF)	2.4×
Atlantic Union Bankshares (AUB)	2.2×
StoneX Group (SNEX)	0.8×

P/FCF Ratio for JPMorgan Chase (JPM)

P/FCF Ratio daily chart for JPMorgan Chase (JPM)

Historical P/FCF Ratio for JPMorgan Chase (JPM) from 2001 to 2025

About P/FCF Ratio at JPMorgan Chase (JPM)

JPMorgan Chase P/FCF Ratio by Year

JPMorgan Chase P/FCF Ratio 2025: 8.9×

JPMorgan Chase P/FCF Ratio 2023: 38.2×

JPMorgan Chase P/FCF Ratio 2022: 3.7×

JPMorgan Chase P/FCF Ratio 2021: 5.9×

JPMorgan Chase P/FCF Ratio 2018: 11.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

JPMorgan Chase (JPM) Key Financials

P/FCF Ratio daily chart for JPMorgan Chase (JPM)

Historical P/FCF Ratio for JPMorgan Chase (JPM) from 2001 to 2025

About P/FCF Ratio at JPMorgan Chase (JPM)

JPMorgan Chase P/FCF Ratio by Year

JPMorgan Chase P/FCF Ratio 2025: 8.9×

JPMorgan Chase P/FCF Ratio 2023: 38.2×

JPMorgan Chase P/FCF Ratio 2022: 3.7×

JPMorgan Chase P/FCF Ratio 2021: 5.9×

JPMorgan Chase P/FCF Ratio 2018: 11.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is JPMorgan Chase's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for JPMorgan Chase?

+Is JPMorgan Chase's P/FCF ratio high or low?

+What is JPMorgan Chase's historical P/FCF ratio range?

+What was JPMorgan Chase's P/FCF ratio in 2025?

+Why does JPMorgan Chase's P/FCF ratio change over time?

JPMorgan Chase (JPM) Key Financials