The current PE ratio for Jpmorgan Chase stock as of Oct 2, 2023 is 9.23. This is calculated based on the TTM EPS of $15.57 and the stock price of $143.77 per share. The PE ratio marks a decrease of 4.9% from its last 4 quarters average of 9.7.
The average historical PE ratio of Jpmorgan Chase for the last ten years is 11.91. The current P/E ratio of 9.23 is 23% lower than the historical average. Looking back at the last ten years, JPM's PE ratio peaked in the Dec 2017 quarter at 16.84, when the price was $106.94 and the EPS was $6.35. The lowest point was in the Sep 2022 quarter, when it reached 8.8 with a price of $104.5 and an EPS of $11.88.
Maximum annual increase: 58.55% in 2013
Maximum annual decrease: -35.87% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2022 | 11.08 | 7.68% |
| 2021 | 10.29 | -27.99% |
| 2020 | 14.29 | 10.18% |
| 2019 | 12.97 | 20.09% |
| 2018 | 10.8 | -35.87% |
| 2017 | 16.84 | 21.76% |
| 2016 | 13.83 | 26.76% |
| 2015 | 10.91 | -7.07% |
| 2014 | 11.74 | -12.06% |
| 2013 | 13.35 | 58.55% |
The current PE ratio of JPM is lower than its 3, 5 and 10-year averages.
In comparison to its peer WFC, JPM's PE ratio is lower, but it is higher than BAC's and C's. Jpmorgan Chase is currently trading at a higher PE ratio (9.23) than its peers average of 7.99.
| Stock name | PE ratio | Market cap |
|---|---|---|
| C Citigroup Inc | 6.28 | $76.91B |
| KEY Keycorp | 6.72 | $9.43B |
| BAC Bank Of America Corp | 7.47 | $207.72B |
| PNC Pnc Financial Services Group Inc | 8.23 | $47.82B |
| USB Us Bancorp | 8.73 | $48.16B |
| JPM Jpmorgan Chase & Co | 9.21 | $416.53B |
| WFC Wells Fargo & Company | 9.62 | $141.67B |
The price to earnings ratio for JPM stock as of Oct 2, 2023, stands at 9.23.
The average PE ratio for JPM stock over the past 3 years is 10.48.
The average PE ratio for JPM stock over the past 5 years is 10.95.
The highest quarterly PE ratio in the last ten years has been 16.84 and it was in the Dec 2017 quarter.
The current PE ratio of JPM is 23% lower than the 10-year historical average.
JPM's PE ratio is low because its earnings per share (EPS) is high relative to its stock price.
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Oct 2, 2023), Jpmorgan Chase's share price is $143.77. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2023 is $15.57. Therefore, Jpmorgan Chase's PE ratio for today is 9.23. PE RATIO(9.23) = STOCK PRICE($143.77) / TTM EPS($15.57)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.