Question 1

What is JPMorgan Chase's P/E ratio?

Accepted Answer

JPMorgan Chase (JPM) P/E ratio is 14.8× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

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

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For JPMorgan Chase specifically, the relevant sector benchmark is the current sector median of 12.8×.

Question 5

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

Accepted Answer

JPMorgan Chase's P/E ratio of 14.8× is above its own 5-year average of 11.0× and above the sector median of 12.8×. That places the current reading at the 91th 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/E ratio range?

Accepted Answer

In the available daily series, JPMorgan Chase (JPM) P/E ratio has ranged from a low of 5.8× in 2011 to a high of 47.7× in 2002. The 5-year average is 11.0× and the 5-year median is 10.3×.

Question 7

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

Accepted Answer

JPMorgan Chase (JPM) P/E ratio at the end of 2025 was 15.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$57.05B	15.8×	+4.1×	Dec 31, 2025
2024	$680.03B	$58.47B	11.6×	+1.6×	Dec 31, 2024
2023	$495.74B	$49.55B	10.0×	-0.5×	Dec 31, 2023
2022	$397.32B	$37.68B	10.5×	+0.8×	Dec 31, 2022
2021	$472.15B	$48.33B	9.8×	-3.7×	Dec 31, 2021
2020	$392.02B	$29.13B	13.5×	+1.4×	Dec 31, 2020
2019	$438.90B	$36.43B	12.0×	+2.0×	Dec 31, 2019
2018	$325.64B	$32.47B	10.0×	-5.3×	Dec 31, 2018
2017	$374.38B	$24.44B	15.3×	+2.7×	Dec 31, 2017
2016	$311.16B	$24.73B	12.6×	+2.6×	Dec 31, 2016
2015	$244.61B	$24.44B	10.0×	-0.8×	Dec 31, 2015
2014	$234.38B	$21.75B	10.8×	-1.6×	Dec 31, 2014
2013	$221.87B	$17.92B	12.4×	+4.5×	Dec 31, 2013
2012	$168.00B	$21.28B	7.9×	+1.2×	Dec 31, 2012
2011	$126.41B	$18.98B	6.7×	-2.9×	Dec 31, 2011
2010	$166.16B	$17.37B	9.6×	-4.5×	Dec 31, 2010
2009	$164.43B	$11.73B	14.0×	-7.0×	Dec 31, 2009
2008	$117.84B	$5.61B	21.0×	+11.5×	Dec 31, 2008
2007	$146.97B	$15.37B	9.6×	-2.0×	Dec 31, 2007
2006	$166.94B	$14.44B	11.6×	-4.7×	Dec 31, 2006
2005	$137.83B	$8.48B	16.2×	-14.5×	Dec 31, 2005
2004	$137.22B	$4.47B	30.7×	+19.7×	Dec 31, 2004
2003	$74.12B	$6.72B	11.0×	-17.8×	Dec 31, 2003
2002	$48.00B	$1.66B	28.9×	-13.4×	Dec 31, 2002
2001	$71.58B	$1.69B	42.3×	—	Dec 31, 2001


Globe Life (GL-PD)	9.7×
UMB Financial (UMBF)	9.7×
T. Rowe Price (TROW)	9.6×
Everest Re Group (RE)	9.6×
Old Republic International (ORI)	9.5×
First Financial (THFF)	9.3×
Globe Life (GL)	9.3×
The Hartford (HIG)	9.3×
Assured Guaranty (AGO)	8.9×
Cincinnati Financial (CINF)	8.8×
Federal Agricultural Mortgage (AGM)	8.8×
Ally Financial (ALLY)	8.7×
Travelers Companies (TRV)	8.3×
PayPal (PYPL)	8.2×
Farmers & Merchants Bancorp (FMCB)	8.0×
Chesapeake Financial Shares (CPKF)	7.6×
PSB Holdings (PSBQ)	7.5×
Arch Capital Group (ACGL)	7.1×
AXIS Capital Holdings (AXS)	7.0×
Tompkins Financial (TMP)	6.7×
Everest Re Group (EG)	6.5×
Synchrony Financial (SYF)	6.5×
Mercury General (MCY)	5.8×
RenaissanceRe Holdings (RNR)	4.5×
Allstate (ALL)	4.4×

P/E Ratio for JPMorgan Chase (JPM)

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

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

About P/E Ratio at JPMorgan Chase (JPM)

JPMorgan Chase P/E Ratio by Year

JPMorgan Chase P/E Ratio 2025: 15.8×

JPMorgan Chase P/E Ratio 2024: 11.6×

JPMorgan Chase P/E Ratio 2023: 10.0×

JPMorgan Chase P/E Ratio 2022: 10.5×

JPMorgan Chase P/E Ratio 2021: 9.8×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

JPMorgan Chase (JPM) Key Financials

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

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

About P/E Ratio at JPMorgan Chase (JPM)

JPMorgan Chase P/E Ratio by Year

JPMorgan Chase P/E Ratio 2025: 15.8×

JPMorgan Chase P/E Ratio 2024: 11.6×

JPMorgan Chase P/E Ratio 2023: 10.0×

JPMorgan Chase P/E Ratio 2022: 10.5×

JPMorgan Chase P/E Ratio 2021: 9.8×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

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

+How is the P/E ratio calculated?

+What is the P/E ratio?

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

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

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

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

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

JPMorgan Chase (JPM) Key Financials