JPMorgan Chase (CHIX:CMCd) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
JPMorgan Chase Forward PE Ratio Related Terms
JPMorgan Chase Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for JPMorgan Chase's Forward PE 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.
JPMorgan Chase Forward PE Ratio Chart
JPMorgan Chase Annual Data
Trend
2023-12
2024-12
2025-12
Forward PE Ratio
10.87
14.53
14.36
JPMorgan Chase Quarterly Data
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
9.79
10.87
12.33
12.20
12.41
14.53
13.10
14.87
15.39
14.36
14.16
CHIX:CMCD vs BAC, WFC, C: Forward PE Ratio Comparison
For the Banks - Diversified subindustry, JPMorgan Chase's Forward PE Ratio, along with its competitors' market caps and Forward PE 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 Forward PE Ratio vs Banks Industry
For the Banks industry and Financial Services sector, JPMorgan Chase's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where JPMorgan Chase's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
JPMorgan Chase (CHIX:CMCD) has a Forward PE Ratio of 13.24 as of Jul. 11, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on JPMorgan Chase and its competitors. According to the industry distribution chart, JPMorgan Chase ranks #693 out of 816 companies in the Banks industry, placing it in the top 84.9%.
Is JPMorgan Chase's Forward PE Ratio too high?
JPMorgan Chase's current Forward PE Ratio is 13.24. The Banks industry median Forward PE Ratio is 11.00. JPMorgan Chase's value of 13.24 is 20.4% above this industry median. Based on the distribution chart, JPMorgan Chase ranks #693 out of 816 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, JPMorgan Chase has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does JPMorgan Chase's Forward PE Ratio compare to BAC and WFC?
According to the Banks industry distribution chart, JPMorgan Chase ranks #693 out of 816 companies for Forward PE Ratio. This places JPMorgan Chase in the lower half of its industry. The industry median Forward PE Ratio is 11.00. JPMorgan Chase's value of 13.24 is 20.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Banks company?
The median Forward PE Ratio among Banks companies is 11.00, based on 816 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. JPMorgan Chase's current Forward PE Ratio of 13.24 is 20.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on JPMorgan Chase and its competitors. For the Banks industry, the median Forward PE Ratio is 11.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JPMorgan Chase's current Forward PE Ratio is 13.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JPMorgan Chase stock overvalued right now?
JPMorgan Chase (CHIX:CMCD) has a current Forward PE Ratio of 13.24. The stock's GF Value™ is €217.45, compared to a current price of €261.00 — trading 20% above its estimated fair value. The current Forward PE Ratio is 13.24 and 20.4% above the Banks industry median of 11.00. JPMorgan Chase's overall GF Score™ is 77/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For JPMorgan Chase (CHIX:CMCD), the current Forward PE Ratio is 13.24 as of Jul. 11, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is JPMorgan Chase (CHIX:CMCD) Overvalued in 2026?
Based on GuruFocus' analysis, JPMorgan Chase stock appears to be overvalued.
The current stock price of €261.00 is trading 20% above its estimated GF Value™ of €217.45.
Key valuation signals for CHIX:CMCD:
Forward PE Ratio: 13.24
GF Value™: €217.45 vs. price of €261.00 (20% above fair value)
Industry Position: 20.4% above the Banks median (#693 of 816)
No single metric tells the full story. See the CHIX:CMCD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JPMorgan is a leading global financial services firm with operations in 66 countries and over 318,000 employees as of year-end 2025. Under the JPMorgan brands, the bank holding company boasts a $4.9 trillion balance sheet and $2.68 trillion in deposits, as of March 2026. The firm generates its revenue across three core operating segments: consumer and community banking, the commercial and investment bank, and asset and wealth management. It maintains the top global ranking in investment banking fees with an 8.4% market share, serves millions of consumers through its network of over 5,000 US branches, and manages over $7.1 trillion in client assets within its wealth and asset management franchise.
77GF Score
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