JPMorgan ChaseCHIX:CMCD 77 Pretax Margin % is 41.10% as of Mar. 2026, which is 8% above its 10-year median of 38.12. GuruFocus rates CHIX:CMCD with a GF Score™ of 77/100 and a GF Value™ of €216.79. The stock has 9 warning signs investors should review. Among 1,527 Banks companies, JPMorgan Chase ranks better than 62.93% on this metric.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
JPMorgan Chase Pretax Margin % Related Terms
JPMorgan Chase Pretax Margin % Historical Data
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The historical data trend for JPMorgan Chase's Pretax Margin % 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.
CHIX:CMCD vs BAC, WFC, C: Pretax Margin % Comparison
For the Banks - Diversified subindustry, JPMorgan Chase's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, JPMorgan Chase's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where JPMorgan Chase's Pretax Margin % falls into.
* 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 (CHIX:CMCD) has a Pretax Margin % of 41.10% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on JPMorgan Chase and its competitors. This is near median its historical median of 38.12. Over the past decade, JPMorgan Chase's Pretax Margin % has ranged from 29.87 to 48.95. According to the industry distribution chart, JPMorgan Chase ranks #566 out of 1527 companies in the Banks industry, placing it in the top 37.1%.
Is JPMorgan Chase's Pretax Margin % too high?
JPMorgan Chase's current Pretax Margin % of 41.10% is near median its 10-year median of 38.12. Over the past 10 years, this metric has ranged from a low of 29.87 to a high of 48.95. The Banks industry median Pretax Margin % is 34.88. JPMorgan Chase's value of 41.10% is 17.8% above this industry median. Based on the distribution chart, JPMorgan Chase ranks #566 out of 1527 companies in the Banks industry, which is above the industry midpoint. 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 Pretax Margin % compare to BAC and WFC?
According to the Banks industry distribution chart, JPMorgan Chase ranks #566 out of 1527 companies for Pretax Margin %. This puts JPMorgan Chase in the upper half of its industry. The industry median Pretax Margin % is 34.88. JPMorgan Chase's value of 41.10% is 17.8% above this benchmark. Historically, JPMorgan Chase's own Pretax Margin % has ranged from 29.87 to 48.95 over the past decade. While the company's 10-year median is 38.12 vs. the industry median of 34.88, JPMorgan Chase has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Banks company?
The median Pretax Margin % among Banks companies is 34.88, based on 1,527 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. JPMorgan Chase's current Pretax Margin % of 41.10% is 17.8% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on JPMorgan Chase and its competitors. For the Banks industry, the median Pretax Margin % is 34.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JPMorgan Chase's current Pretax Margin % is 41.10%, which is near median its own 10-year median of 38.12. 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 Pretax Margin % of 41.10%. The stock's GF Value™ is €216.79, compared to a current price of €261.00 — trading 20.4% above its estimated fair value. The current Pretax Margin % is 41.10%, which is near median its 10-year median of 38.12 and 17.8% above the Banks industry median of 34.88. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For JPMorgan Chase (CHIX:CMCD), the current Pretax Margin % is 41.10% as of Mar. 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 20.4% above its estimated GF Value™ of €216.79.
Key valuation signals for CHIX:CMCD:
Pretax Margin %: 41.10% (near median its 10-year median of 38.12)
GF Value™: €216.79 vs. price of €261.00 (20.4% above fair value)
Industry Position: 17.8% above the Banks median (#566 of 1527)
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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