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JPM (JPMorgan Chase) Cyclically Adjusted Price-to-FCF : (As of Jun. 28, 2025)


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What is JPMorgan Chase Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


JPMorgan Chase Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for JPMorgan Chase's Cyclically Adjusted Price-to-FCF 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.

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JPMorgan Chase Cyclically Adjusted Price-to-FCF Chart

JPMorgan Chase Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.08 18.42 11.29 18.92 36.62

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 Price-to-FCF 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 59.71 41.67 88.89 36.62 -

Competitive Comparison of JPMorgan Chase's Cyclically Adjusted Price-to-FCF

For the Banks - Diversified subindustry, JPMorgan Chase's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Distribution in the Banks Industry

For the Banks industry and Financial Services sector, JPMorgan Chase's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where JPMorgan Chase's Cyclically Adjusted Price-to-FCF falls into.


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JPMorgan Chase Cyclically Adjusted Price-to-FCF Calculation

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

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

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-89.169/134.9266*134.9266
=-89.169

Current CPI (Mar. 2025) = 134.9266.

JPMorgan Chase Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 4.620 100.684 6.191
201509 6.744 100.392 9.064
201512 4.180 99.792 5.652
201603 -5.721 100.470 -7.683
201606 -0.411 101.688 -0.545
201609 1.142 101.861 1.513
201612 11.134 101.863 14.748
201703 -6.214 102.862 -8.151
201706 1.132 103.349 1.478
201709 -1.375 104.136 -1.782
201712 3.570 104.011 4.631
201803 -10.090 105.290 -12.930
201806 10.390 106.317 13.186
201809 3.886 106.507 4.923
201812 0.552 105.998 0.703
201903 -24.448 107.251 -30.757
201906 -4.250 108.070 -5.306
201909 4.993 108.329 6.219
201912 26.309 108.420 32.741
202003 -38.730 108.902 -47.986
202006 26.913 108.767 33.386
202009 -4.764 109.815 -5.853
202012 -9.092 109.897 -11.163
202103 -14.249 111.754 -17.204
202106 4.448 114.631 5.236
202109 7.764 115.734 9.052
202112 28.543 117.630 32.740
202203 -14.061 121.301 -15.640
202206 22.256 125.017 24.020
202209 -6.139 125.227 -6.615
202212 34.112 125.222 36.756
202303 -37.421 127.348 -39.648
202306 6.399 128.729 6.707
202309 15.388 129.860 15.988
202312 20.631 129.419 21.509
202403 -52.924 131.776 -54.189
202406 13.289 132.554 13.527
202409 -25.849 133.029 -26.218
202412 51.984 133.157 52.675
202503 -89.169 134.927 -89.169

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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 Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


JPMorgan Chase Cyclically Adjusted Price-to-FCF Related Terms

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


JPMorgan Chase Business Description

Industry
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