JPMorgan Chase (XSWX:JPM) Shiller PE Ratio: 22.41 (As of Aug. 27, 2026) — 19% Above Median

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XSWX:JPM JPMorgan Chase & Co XSWX:JPM
84 GF Score
Price CHF285.90
GF Value CHF252.21
! 8 Warning Signs
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What is JPMorgan Chase Shiller PE Ratio?

JPMorgan Chase XSWX:JPM +0.37% 84 Shiller PE Ratio is 22.41 as of Aug. 27, 2026, which is 19% above its 10-year median of 18.79. GuruFocus rates XSWX:JPM with a GF Score™ of 84/100 and a GF Value™ of CHF252.21. The stock has 8 warning signs investors should review. Among 1,239 Banks companies, JPMorgan Chase ranks worse than 84.02% on this metric.

As of today (2026-08-27), JPMorgan Chase's current share price is CHF285.90. JPMorgan Chase's E10 for the quarter that ended in Jun. 2026 was CHF12.76. JPMorgan Chase's Shiller PE Ratio for today is 22.41.

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

XSWX:JPM' s Shiller PE Ratio Range Over the Past 10 Years
Min: 10.98   Med: 18.79   Max: 24.59
Current: 22.83

During the past years, JPMorgan Chase's highest Shiller PE Ratio was 24.59. The lowest was 10.98. And the median was 18.79.

XSWX:JPM's Shiller PE Ratio is ranked worse than
84.02% of 1239 companies
in the Banks industry
Industry Median: 13.73 vs XSWX:JPM: 22.83

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

JPMorgan Chase's adjusted earnings per share data for the three months ended in Jun. 2026 was CHF6.155. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is CHF12.76 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


JPMorgan Chase  (XSWX:JPM) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


JPMorgan Chase Shiller PE Ratio Related Terms


JPMorgan Chase Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for JPMorgan Chase's Shiller 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 Shiller PE Ratio Chart

JPMorgan Chase Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.43 13.83 15.35 18.90 22.67

JPMorgan Chase Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE 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 21.33 22.59 22.67 19.76 20.97

XSWX:JPM vs BAC, WFC, C: Shiller PE Ratio Comparison

For the Banks - Diversified subindustry, JPMorgan Chase's Shiller PE Ratio, along with its competitors' market caps and Shiller 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 Shiller PE Ratio vs Banks Industry

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

* The bar in red indicates where JPMorgan Chase's Shiller PE Ratio falls into.


XSWX:JPM
84GF Score
JPMorgan Chase & Co XSWX:JPM
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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JPMorgan Chase Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

JPMorgan Chase's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=285.90/12.76
=22.41

* 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 E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, JPMorgan Chase's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=6.155/333.9520*333.9520
=6.155

Current CPI (Jun. 2026) = 333.9520.

JPMorgan Chase Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 1.538 241.428 2.127
201612 1.743 241.432 2.411
201703 1.652 243.801 2.263
201706 1.762 244.955 2.402
201709 1.694 246.819 2.292
201712 1.056 246.524 1.431
201803 2.247 249.554 3.007
201806 2.267 251.989 3.004
201809 2.266 252.439 2.998
201812 1.964 251.233 2.611
201903 2.651 254.202 3.483
201906 2.786 256.143 3.632
201909 2.655 256.759 3.453
201912 2.525 256.974 3.281
202003 0.748 258.115 0.968
202006 1.313 257.797 1.701
202009 2.672 260.280 3.428
202012 3.367 260.474 4.317
202103 4.184 264.877 5.275
202106 3.431 271.696 4.217
202109 3.451 274.310 4.201
202112 3.067 278.802 3.674
202203 2.444 287.504 2.839
202206 2.678 296.311 3.018
202209 3.037 296.808 3.417
202212 3.326 296.797 3.742
202303 3.795 301.836 4.199
202306 4.277 305.109 4.681
202309 3.895 307.789 4.226
202312 2.629 306.746 2.862
202403 3.945 312.332 4.218
202406 5.470 314.175 5.814
202409 3.702 315.301 3.921
202412 4.289 315.605 4.538
202503 4.480 319.799 4.678
202506 4.261 322.561 4.411
202509 4.036 324.800 4.150
202512 3.690 324.054 3.803
202603 4.677 330.213 4.730
202606 6.155 333.952 6.155

Add all the adjusted EPS together and divide 10 will get our E10.

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.

Frequently Asked Questions Learn more about Shiller PE Ratio →
What does a Shiller PE Ratio of 22.41 mean?
JPMorgan Chase (XSWX:JPM) has a Shiller PE Ratio of 22.41 as of Aug. 27, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on JPMorgan Chase and its competitors. This is 19% above median its historical median of 18.79. Over the past decade, JPMorgan Chase's Shiller PE Ratio has ranged from 10.98 to 24.59. According to the industry distribution chart, JPMorgan Chase ranks #1041 out of 1239 companies in the Banks industry, placing it in the top 84%.
Is JPMorgan Chase's Shiller PE Ratio too high?
JPMorgan Chase's current Shiller PE Ratio of 22.41 is 19% above median its 10-year median of 18.79. Over the past 10 years, this metric has ranged from a low of 10.98 to a high of 24.59. The Banks industry median Shiller PE Ratio is 13.73. JPMorgan Chase's value of 22.41 is 63.2% above this industry median. Based on the distribution chart, JPMorgan Chase ranks #1041 out of 1239 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, JPMorgan Chase has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does JPMorgan Chase's Shiller PE Ratio compare to BAC and WFC?
According to the Banks industry distribution chart, JPMorgan Chase ranks #1041 out of 1239 companies for Shiller PE Ratio. This places JPMorgan Chase in the lower half of its industry. The industry median Shiller PE Ratio is 13.73. JPMorgan Chase's value of 22.41 is 63.2% above this benchmark. Historically, JPMorgan Chase's own Shiller PE Ratio has ranged from 10.98 to 24.59 over the past decade. While the company's 10-year median is 18.79 vs. the industry median of 13.73, 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 Shiller PE Ratio for a Banks company?
The median Shiller PE Ratio among Banks companies is 13.73, based on 1,239 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. JPMorgan Chase's current Shiller PE Ratio of 22.41 is 63.2% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on JPMorgan Chase and its competitors. For the Banks industry, the median Shiller PE Ratio is 13.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JPMorgan Chase's current Shiller PE Ratio is 22.41, which is 19% above median its own 10-year median of 18.79. 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 (XSWX:JPM) has a current Shiller PE Ratio of 22.41. The stock's GF Value™ is CHF252.21, compared to a current price of CHF285.90 — trading 13.4% above its estimated fair value. The current Shiller PE Ratio is 22.41, which is 19% above median its 10-year median of 18.79 and 63.2% above the Banks industry median of 13.73. JPMorgan Chase's overall GF Score™ is 84/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For JPMorgan Chase (XSWX:JPM), the current Shiller PE Ratio is 22.41 as of Aug. 27, 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 (XSWX:JPM) Overvalued in 2026?

Based on GuruFocus' analysis, JPMorgan Chase stock appears to be overvalued. The current stock price of CHF285.90 is trading 13.4% above its estimated GF Value™ of CHF252.21.

Key valuation signals for XSWX:JPM:

  • Shiller PE Ratio: 22.41 (19% above median its 10-year median of 18.79)
  • GF Value™: CHF252.21 vs. price of CHF285.90 (13.4% above fair value)
  • GF Score™: 84/100 with 8 warning signs
  • Industry Position: 63.2% above the Banks median (#1041 of 1239)

No single metric tells the full story. See the XSWX:JPM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JPMorgan Chase Business Description

Address 270 Park Avenue, New York, NY, USA, 10017
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.
84GF Score

Get the complete analysis for XSWX:JPM

Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF285.90
Price
CHF252.21
GF Value