JPMorgan Chase & Co. (JPM) P/E Ratio History
Historical price-to-earnings valuation from 1990 to 2025
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JPM Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, JPMorgan Chase & Co. (JPM) trades at a price-to-earnings ratio of 15.7x, with a stock price of $309.40 and trailing twelve-month earnings per share of $20.77.
The current P/E is 40% above its 5-year average of 11.2x. Over the past five years, JPM's P/E has ranged from a low of 8.7x to a high of 15.6x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.3x, JPM trades at a 18% premium to its sector peers. The sector includes 779 companies with P/E ratios ranging from 0.0x to 197.4x.
The PEG ratio of 1.21 (P/E divided by 22% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, JPM trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our JPM DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
JPM P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $404B | 13.9 | 0.91Best | +19% | |
| $247B | 14.9 | 2.66 | +11% | |
| $224B | 21.5 | - | +47% | |
| $285B | 22.7 | 1.62 | +77% | |
| $301B | 23.8 | 2.67 | +53% | |
| $86B | 12.1Lowest | 1.41 | +22% | |
| $66B | 14.9 | - | +408%Best | |
| $91B | 22.8 | 4.42 | +49% | |
| $42B | 18.1 | 2.05 | +47% | |
| $90B | 16.1 | 4.22 | +7% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
JPM Historical P/E Data (1990–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q3 | $315.43 | $20.19 | 15.6x | -13% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $289.91 | $19.49 | 14.9x | -17% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $245.30 | $20.37 | 12.0x | -33% |
| FY2024 Q4 | $239.71 | $19.74 | 12.1x | -32% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $210.86 | $17.97 | 11.7x | -34% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $202.26 | $17.93 | 11.3x | -37% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $200.30 | $16.56 | 12.1x | -32% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $170.10 | $16.22 | 10.5x | -41% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $145.02 | $16.75 | 8.7x | -52% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $145.44 | $15.54 | 9.4x | -48% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $130.31 | $13.55 | 9.6x | -46% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $134.10 | $12.08 | 11.1x | -38% |
Average P/E for displayed period: 17.9x
Full JPM Stock Analysis
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Start ComparisonJPM — Frequently Asked Questions
Quick answers to the most common questions about buying JPM stock.
Is JPM stock overvalued or undervalued?
JPM trades at 15.7x P/E, above its 5-year average of 11.2x. The 100th percentile ranking indicates a premium to historical valuation.
How does JPM's valuation compare to peers?
JPMorgan Chase & Co. P/E of 15.7x compares to sector median of 13.3x. The premium reflects expected growth above peers.
What is JPM's PEG ratio?
JPM PEG ratio is 1.21. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 1990-2025.