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JPM (JPMorgan Chase) Cyclically Adjusted PS Ratio : 6.38 (As of Jun. 30, 2025)


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What is JPMorgan Chase Cyclically Adjusted PS Ratio?

As of today (2025-06-30), JPMorgan Chase's current share price is $289.91. JPMorgan Chase's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was $45.46. JPMorgan Chase's Cyclically Adjusted PS Ratio for today is 6.38.

The historical rank and industry rank for JPMorgan Chase's Cyclically Adjusted PS Ratio or its related term are showing as below:

JPM' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.29   Med: 3.79   Max: 6.32
Current: 6.32

During the past years, JPMorgan Chase's highest Cyclically Adjusted PS Ratio was 6.32. The lowest was 2.29. And the median was 3.79.

JPM's Cyclically Adjusted PS Ratio is ranked worse than
90.52% of 1255 companies
in the Banks industry
Industry Median: 2.77 vs JPM: 6.32

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

JPMorgan Chase's adjusted revenue per share data for the three months ended in Mar. 2025 was $16.049. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $45.46 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


JPMorgan Chase Cyclically Adjusted PS Ratio Historical Data

The historical data trend for JPMorgan Chase's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

JPMorgan Chase Cyclically Adjusted PS Ratio Chart

JPMorgan Chase Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.13 4.66 3.60 4.21 5.43

JPMorgan Chase Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.80 4.75 4.86 5.43 5.40

Competitive Comparison of JPMorgan Chase's Cyclically Adjusted PS Ratio

For the Banks - Diversified subindustry, JPMorgan Chase's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


JPMorgan Chase's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, JPMorgan Chase's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where JPMorgan Chase's Cyclically Adjusted PS Ratio falls into.


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JPMorgan Chase Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

JPMorgan Chase's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=289.91/45.46
=6.38

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

JPMorgan Chase's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, JPMorgan Chase's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=16.049/134.9266*134.9266
=16.049

Current CPI (Mar. 2025) = 134.9266.

JPMorgan Chase Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 6.361 100.684 8.524
201509 6.114 100.392 8.217
201512 5.917 99.792 8.000
201603 6.218 100.470 8.350
201606 6.578 101.688 8.728
201609 6.723 101.861 8.905
201612 6.658 101.863 8.819
201703 6.869 102.862 9.010
201706 6.970 103.349 9.100
201709 7.186 104.136 9.311
201712 7.139 104.011 9.261
201803 8.020 105.290 10.277
201806 8.080 106.317 10.254
201809 8.031 106.507 10.174
201812 7.726 105.998 9.835
201903 8.803 107.251 11.075
201906 8.819 108.070 11.011
201909 9.133 108.329 11.375
201912 9.088 108.420 11.310
202003 9.120 108.902 11.299
202006 10.734 108.767 13.316
202009 9.458 109.815 11.621
202012 9.522 109.897 11.691
202103 10.475 111.754 12.647
202106 10.022 114.631 11.796
202109 9.870 115.734 11.507
202112 9.824 117.630 11.269
202203 10.305 121.301 11.463
202206 10.353 125.017 11.174
202209 11.028 125.227 11.882
202212 11.323 125.222 12.201
202303 12.900 127.348 13.668
202306 13.086 128.729 13.716
202309 13.561 129.860 14.090
202312 13.222 129.419 13.785
202403 14.388 131.776 14.732
202406 14.532 132.554 14.792
202409 14.884 133.029 15.096
202412 15.055 133.157 15.255
202503 16.049 134.927 16.049

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


JPMorgan Chase  (NYSE:JPM) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


JPMorgan Chase Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of JPMorgan Chase's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


JPMorgan Chase Business Description

Address
383 Madison Avenue, New York, NY, USA, 10179
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4 trillion in assets. It is organized into four major segments: consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.
Executives
Stacey Friedman officer: General Counsel JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Lori A Beer officer: Chief Information Officer JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Marianne Lake officer: Chief Financial Officer JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Douglas B Petno officer: Managing Director JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Mary E. Erdoes officer: Managing Director JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Ashley Bacon officer: Chief Risk Officer JPMORGAN CHASE & CO., 383 MADISON AVENUE, NEW YORK NY 10179
Jeremy Barnum officer: Chief Financial Officer 383 MADISON AVENUE, NEW YORK NY 10179-0001
Jennifer Piepszak officer: Chief Financial Officer JPMORGAN CHASE & CO., 383 MADISON AVENUE, NEW YORK NY 10179
Linda Bammann officer: Executive Vice President 270 PARK AVENUE, NEW YORK NY 10017
James Dimon director, officer: President 270 PARK AVENUE, NEW YORK NY 10017
Robin Leopold officer: Head of Human Resources JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Elena A Korablina officer: Corporate Controller 383 MADISON AVENUE, NEW YORK NY 10179-0001
Peter Scher officer: Executive Vice President JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Daniel E Pinto officer: Managing Director JPMORGAN CHASE & CO., 270 PARK AVENUE, NEW YORK NY 10017
Alicia S Boler-davis director 300 RENAISSANCE CENTER, M/C: 482-C23-D24, DETROIT MI 48265-3000