Last 47 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 → | 15.21 | 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 | 2.99 | 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 | 2.51 | 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 | 13.15 | 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 | 14.54 | 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 · 47 years · Updated daily
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Start ComparisonJPMorgan Chase & Co.'s current P/E is 15.2x. 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.