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JPMorgan ChaseMEX:JPM +2.83%67 Return-on-Tangible-Asset is 1.44% as of Mar. 2026, which is 9% above its 10-year median of 1.32. GuruFocus rates MEX:JPM with a GF Score™ of 67/100 and a GF Value™ of MXN4,981.54 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 1,531 Banks companies, JPMorgan Chase ranks better than 73.74% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. JPMorgan Chase's annualizedNet Income for the quarter that ended in Mar. 2026 was MXN1,189,725 Mil. JPMorgan Chase's average total tangible assets for the quarter that ended in Mar. 2026 was MXN82,861,151 Mil. Therefore, JPMorgan Chase's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.44%.
The historical rank and industry rank for JPMorgan Chase's Return-on-Tangible-Asset or its related term are showing as below:
MEX:JPM'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.98 Med: 1.32 Max: 1.51
Current: 1.41
During the past 13 years, JPMorgan Chase's highest Return-on-Tangible-Asset was 1.51%. The lowest was 0.98%. And the median was 1.32%.
MEX:JPM's Return-on-Tangible-Asset is ranked better than 73.74% of 1531
companies
in the Banks industry
Industry Median: 0.99
vs MEX:JPM: 1.41
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
JPMorgan Chase Return-on-Tangible-Asset Related Terms
JPMorgan Chase Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for JPMorgan Chase's Return-on-Tangible-Asset 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.
MEX:JPM vs BAC, WFC, C: Return-on-Tangible-Asset Comparison
For the Banks - Diversified subindustry, JPMorgan Chase's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Banks Industry
For the Banks industry and Financial Services sector, JPMorgan Chase's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where JPMorgan Chase's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.44% mean?
JPMorgan Chase (MEX:JPM) has a Return-on-Tangible-Asset of 1.44% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on JPMorgan Chase and its competitors. This is near median its historical median of 1.32. Over the past decade, JPMorgan Chase's Return-on-Tangible-Asset has ranged from 0.98 to 1.51. According to the industry distribution chart, JPMorgan Chase ranks #402 out of 1531 companies in the Banks industry, placing it in the top 26.3%.
Is JPMorgan Chase's Return-on-Tangible-Asset too high?
JPMorgan Chase's current Return-on-Tangible-Asset of 1.44% is near median its 10-year median of 1.32. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 1.51. The Banks industry median Return-on-Tangible-Asset is 0.99. JPMorgan Chase's value of 1.44% is 45.5% above this industry median. Based on the distribution chart, JPMorgan Chase ranks #402 out of 1531 companies in the Banks industry, which is above the industry midpoint. Overall, JPMorgan Chase has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JPMorgan Chase's Return-on-Tangible-Asset compare to BAC and WFC?
According to the Banks industry distribution chart, JPMorgan Chase ranks #402 out of 1531 companies for Return-on-Tangible-Asset. This puts JPMorgan Chase in the upper half of its industry. The industry median Return-on-Tangible-Asset is 0.99. JPMorgan Chase's value of 1.44% is 45.5% above this benchmark. Historically, JPMorgan Chase's own Return-on-Tangible-Asset has ranged from 0.98 to 1.51 over the past decade. While the company's 10-year median is 1.32 vs. the industry median of 0.99, 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 Return-on-Tangible-Asset for a Banks company?
The median Return-on-Tangible-Asset among Banks companies is 0.99, based on 1,531 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. JPMorgan Chase's current Return-on-Tangible-Asset of 1.44% is 45.5% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on JPMorgan Chase and its competitors. For the Banks industry, the median Return-on-Tangible-Asset is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JPMorgan Chase's current Return-on-Tangible-Asset is 1.44%, which is near median its own 10-year median of 1.32. 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?
Based on GuruFocus' analysis, JPMorgan Chase (MEX:JPM) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN4,981.54, compared to a current price of MXN6,118.39 — trading 22.8% above its estimated fair value. The current Return-on-Tangible-Asset is 1.44%, which is near median its 10-year median of 1.32 and 45.5% above the Banks industry median of 0.99. JPMorgan Chase's overall GF Score™ is 67/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For JPMorgan Chase (MEX:JPM), the current Return-on-Tangible-Asset is 1.44% 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 (MEX:JPM) Overvalued in 2026?
Based on GuruFocus' analysis, JPMorgan Chase stock appears to be overvalued.
The current stock price of MXN6,118.39 is trading 22.8% above its estimated GF Value™ of MXN4,981.54.
GuruFocus considers JPMorgan Chase to be Modestly Overvalued.
Key valuation signals for MEX:JPM:
Return-on-Tangible-Asset: 1.44% (near median its 10-year median of 1.32)
GF Value™: MXN4,981.54 vs. price of MXN6,118.39 (22.8% above fair value)
Industry Position: 45.5% above the Banks median (#402 of 1531)
No single metric tells the full story. See the MEX:JPM 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.
67GF Score
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