Last 46 quarters of trend data · Financial Services · Banks - Diversified
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
JPMorgan Chase & Co.'s quarterly P/E stands at 15.6x, up 28.9% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 45.1% YoY to 19.5x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 15.67 | 15.55 | 13.83 | 12.10 | 12.46 | 12.06 | 8.26 | 11.28 | 13.99 | 8.37 | 7.65 | 7.95 | 9.39 |
| — | +28.9% | +67.4% | +7.2% | -10.9% | +44.1% | +7.9% | +41.9% | +49.0% | -0.0% | -25.0% | -38.7% | -21.0% | |
| P/S Ratio | 3.08 | 3.06 | 2.90 | 2.51 | 2.54 | 2.17 | 2.16 | 2.20 | 2.00 | 1.73 | 1.83 | 1.77 | 2.10 |
| — | +41.3% | +34.2% | +14.2% | +26.8% | +25.6% | +17.7% | +24.2% | -4.5% | -9.1% | -24.8% | -43.6% | -45.4% | |
| P/B Ratio | 2.58 | 2.45 | 2.27 | 1.97 | 1.98 | 1.75 | 1.72 | 1.73 | 1.51 | 1.34 | 1.37 | 1.28 | 1.36 |
| — | +40.0% | +32.0% | +13.8% | +30.5% | +30.4% | +25.3% | +35.6% | +11.3% | +24.5% | +17.5% | -10.1% | -15.2% | |
| P/FCF | — | — | 6.85 | — | 1.15 | — | 3.81 | — | 2.06 | 2.36 | 5.68 | — | 0.98 |
| — | — | +80.1% | — | -44.1% | — | -33.0% | — | +109.7% | — | +349.2% | — | -29.2% | |
| EV / EBITDA | 13.44 | 19.54 | 17.93 | 15.56 | 12.45 | 13.46 | 8.81 | 10.22 | 8.96 | 7.88 | 8.36 | 6.04 | 6.26 |
| — | +45.1% | +103.4% | +52.2% | +39.0% | +70.9% | +5.4% | +69.3% | +43.2% | +80.1% | +80.7% | +26.7% | +30.3% | |
| EV / EBIT | 14.86 | 21.90 | 20.10 | 17.28 | 13.86 | 15.02 | 9.57 | 11.41 | 11.60 | 8.83 | 8.60 | 6.66 | 7.05 |
| — | +45.8% | +110.1% | +51.4% | +19.5% | +70.2% | +11.2% | +71.2% | +64.6% | +75.9% | +59.7% | +18.4% | +27.3% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
JPMorgan Chase & Co.'s operating margin was 26.1% in Q3 2025, down 0.1 pp QoQ and up 1.7 pp YoY. Gross margin expanded 5.4% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 58.6% | 59.8% | 60.1% | 61.0% | 59.9% | 56.8% | 57.5% | 60.4% | 57.9% | 62.3% | 61.1% | 66.0% | 68.1% |
| — | +5.4% | +4.4% | +0.9% | +3.5% | -8.9% | -5.8% | -8.5% | -15.0% | -18.4% | -29.4% | -27.0% | -31.5% | |
| Operating Margin | 27.7% | 26.1% | 26.2% | 26.7% | 25.9% | 24.4% | 34.5% | 26.1% | 18.3% | 27.2% | 30.1% | 29.2% | 27.9% |
| — | +7.0% | -24.3% | +2.4% | +41.8% | -10.3% | +14.8% | -10.7% | -34.6% | -7.6% | -5.2% | -6.1% | -32.2% | |
| Net Margin | 21.6% | 20.0% | 21.4% | 21.3% | 20.9% | 18.5% | 26.8% | 20.3% | 15.0% | 21.4% | 24.8% | 23.1% | 23.2% |
| — | +8.1% | -19.9% | +4.9% | +39.1% | -13.3% | +8.1% | -12.3% | -35.3% | -10.5% | -2.0% | -9.8% | -31.4% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 17.4% | 4.0% | 4.2% | 4.2% | 4.1% | 3.8% | 5.4% | 4.0% | 2.9% | 4.2% | 4.7% | 4.2% | 3.8% |
| — | +6.8% | -21.1% | +4.2% | +40.6% | -10.0% | +14.0% | -4.7% | -24.0% | +23.1% | +55.5% | +48.5% | +6.6% | |
| ROA | 1.5% | 0.3% | 0.3% | 0.4% | 0.3% | 0.3% | 0.4% | 0.3% | 0.2% | 0.3% | 0.4% | 0.3% | 0.3% |
| — | +2.3% | -23.7% | +4.0% | +42.5% | -8.8% | +15.9% | -1.1% | -19.1% | +32.5% | +71.3% | +58.3% | +6.7% | |
| ROIC | 5.4% | 1.0% | 1.0% | 1.1% | 1.1% | 1.1% | 1.5% | 1.2% | 0.9% | 1.3% | 1.4% | 1.4% | 1.2% |
| — | -8.2% | -36.1% | -9.5% | +32.2% | -15.6% | +9.0% | -10.6% | -26.4% | +21.1% | +48.4% | +57.0% | +7.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
JPMorgan Chase & Co.'s Debt/EBITDA ratio is 50.6x, down from 52.7x last quarter — elevated, raising questions about debt serviceability.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.18 | 2.95 | 3.03 | 2.86 | 2.18 | 2.46 | 2.47 | 2.28 | 1.99 | 2.13 | 2.15 | 1.93 | 1.86 |
| — | +20.2% | +22.4% | +25.4% | +9.4% | +15.2% | +15.1% | +18.3% | +7.3% | +6.8% | +8.0% | -4.1% | -0.6% | |
| Debt / EBITDA | 9.05 | 50.64 | 52.72 | 49.19 | 38.84 | 44.87 | 33.11 | 39.79 | 44.54 | 36.10 | 37.11 | 33.16 | 36.39 |
| — | +12.9% | +59.2% | +23.6% | -12.8% | +24.3% | -10.8% | +20.0% | +22.4% | -13.6% | -17.5% | -31.4% | -3.3% | |
| Current Ratio | 0.65 | 0.68 | 0.70 | 0.69 | 0.65 | 0.70 | 0.30 | 0.28 | 0.30 | 0.28 | 0.27 | 0.30 | 0.29 |
| — | -2.0% | +132.1% | +149.3% | +117.9% | +146.0% | +10.1% | -5.9% | +1.7% | -15.1% | -20.8% | -24.9% | -19.7% | |
| Quick Ratio | 0.65 | 0.68 | 0.70 | 0.69 | 0.65 | 0.70 | 0.30 | 0.28 | 0.30 | 0.28 | 0.27 | 0.30 | 0.29 |
| — | -2.0% | +132.1% | +149.3% | +117.9% | +146.0% | +10.1% | -5.9% | +1.7% | -15.1% | -20.8% | -24.9% | -19.7% | |
| Interest Coverage | 0.74 | 0.74 | 0.73 | 0.78 | 0.72 | 0.63 | 0.91 | 0.71 | 0.49 | 0.77 | 0.89 | 0.98 | 1.03 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 46 years · Updated daily
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
Bull case, key risks, Wall St analyst verdict, and what council investors are saying — updated daily.
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorDCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare business quality, growth, and profitability against top sector peers.
Start ComparisonQuick answers to the most common questions about buying JPM stock.
JPMorgan Chase & Co.'s current P/E is 15.7x. The average P/E over the last 4 quarters is 13.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
JPMorgan Chase & Co.'s current operating margin is 27.7%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking JPMorgan Chase & Co.'s business trajectory between earnings reports.