JPMorgan Chase Valuation
Is JPM undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation Score 1/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of JPM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: JPM (PLN1038.4) is trading below our estimate of fair value (PLN1265.95)
Significantly Below Fair Value: JPM is trading below fair value, but not by a significant amount.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for JPM?
Key metric: As JPM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is JPM's PE Ratio? | |
|---|---|
| PE Ratio | 13.5x |
| Earnings | US$52.07b |
| Market Cap | US$703.24b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | -3.4x |
Price to Earnings Ratio vs Peers
How does JPM's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 7.6x | ||
PKO Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna | 9.2x | 8.6% | zł68.0b |
SPL Santander Bank Polska | 8.5x | 4.3% | zł44.7b |
ING ING Bank Slaski | 7x | -2.0% | zł29.5b |
PEO Bank Polska Kasa Opieki | 5.8x | -5.7% | zł36.5b |
JPM JPMorgan Chase | 13.5x | -4.0% | zł703.2b |
Price-To-Earnings vs Peers: JPM is expensive based on its Price-To-Earnings Ratio (13.5x) compared to the peer average (7.5x).
Price to Earnings Ratio vs Industry
How does JPM's PE Ratio compare vs other companies in the European Banks Industry?
| 2 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 2 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: JPM is expensive based on its Price-To-Earnings Ratio (13.5x) compared to the European Banks industry average (7.2x).
Price to Earnings Ratio vs Fair Ratio
What is JPM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 13.5x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate JPM's Price-To-Earnings Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | zł1,038.40 | zł995.21 -4.2% | 8.8% | zł1,124.04 | zł741.03 | n/a | 20 |
| Nov ’25 | n/a | zł934.68 0% | 7.9% | zł1,033.68 | zł715.93 | n/a | 21 |
| Oct ’25 | n/a | zł856.89 0% | 6.7% | zł933.85 | zł689.73 | n/a | 21 |
| Sep ’25 | zł874.70 | zł848.32 -3.0% | 6.9% | zł918.50 | zł678.39 | n/a | 22 |
| Aug ’25 | zł831.05 | zł880.87 +6.0% | 7.2% | zł964.64 | zł706.61 | n/a | 21 |
| Jul ’25 | n/a | zł844.85 0% | 7.6% | zł925.47 | zł676.00 | n/a | 23 |
| Jun ’25 | n/a | zł821.86 0% | 7.6% | zł900.84 | zł658.01 | n/a | 23 |
| May ’25 | n/a | zł840.90 0% | 7.6% | zł906.30 | zł679.73 | n/a | 23 |
| Apr ’25 | n/a | zł799.30 0% | 9.2% | zł915.86 | zł639.90 | n/a | 23 |
| Mar ’25 | n/a | zł771.75 0% | 9.1% | zł955.07 | zł617.99 | n/a | 24 |
| Feb ’25 | n/a | zł767.87 0% | 9.9% | zł954.40 | zł601.52 | n/a | 24 |
| Jan ’25 | n/a | zł683.83 0% | 11.5% | zł915.95 | zł548.00 | n/a | 24 |
| Dec ’24 | n/a | zł679.35 0% | 11.1% | zł932.26 | zł560.15 | n/a | 24 |
| Nov ’24 | n/a | zł721.27 0% | 10.2% | zł984.22 | zł591.37 | n/a | 24 |
| Oct ’24 | n/a | zł735.04 0% | 8.6% | zł937.21 | zł610.27 | n/a | 24 |
| Sep ’24 | n/a | zł700.67 0% | 8.8% | zł908.00 | zł580.45 | zł874.70 | 24 |
| Aug ’24 | n/a | zł683.93 0% | 9.5% | zł919.12 | zł566.86 | zł831.05 | 24 |
| Jul ’24 | n/a | zł651.09 0% | 8.8% | zł861.76 | zł569.09 | n/a | 23 |
| Jun ’24 | n/a | zł672.03 0% | 7.5% | zł810.83 | zł588.17 | n/a | 23 |
| May ’24 | n/a | zł673.03 0% | 8.0% | zł823.04 | zł587.89 | n/a | 24 |
| Apr ’24 | n/a | zł679.34 0% | 8.5% | zł820.62 | zł573.13 | n/a | 24 |
| Mar ’24 | n/a | zł703.09 0% | 9.2% | zł845.70 | zł581.70 | n/a | 24 |
| Feb ’24 | n/a | zł678.23 0% | 8.7% | zł818.41 | zł562.93 | n/a | 24 |
| Jan ’24 | n/a | zł631.98 0% | 8.9% | zł746.86 | zł521.48 | n/a | 25 |
| Dec ’23 | n/a | zł624.99 0% | 10.0% | zł775.54 | zł525.94 | n/a | 24 |
| Nov ’23 | n/a | zł651.72 0% | 9.2% | zł770.80 | zł561.44 | n/a | 24 |
Analyst Forecast: Target price is lower than the current share price.
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