Debt exceeds twice its equity, so financial risk warrants a closer look.
Metrics · D/E ~349% · Current Ratio 1.13
💲Is the price expensive now?
Not a heavy price burden
The price is set low relative to its earning power.
Metrics · P/E 14.6 · P/B 2.6
💡Largest U.S. bank ($4T+ assets) with a four-segment moat. ROE 18% and 35% net margin lead peers, and ~15x P/E isn't pricey; leverage runs high, as banks do.
Compiled from public financial data. Not a recommendation to buy or sell any security. · Source: stockanalysis (margins, P/B, ROE are TTM; debt and liquidity from TradingView; leverage is high given the bank model), as of 2026-07-17
Business Summary · Key Value Metrics
The largest U.S. commercial and investment bank (about $4 trillion in assets). Four segments—Corporate & Investment Bank (CIB), Consumer & Community Banking (CCB), Asset & Wealth Management (AWM), and Commercial Banking—give it resilience across cycles. TTM revenue $284.8B, ROE 16.4%, net margin 31.4%.
Current Price
$341.10
-0.6%-$2.05· Close 2026-07-17
Analyst Consensus Target (external reference)
$367.57
Avg. of 24 external analysts · stockanalysis (S&P Global 24-analyst consensus, Buy)
P/E (TTM)
14.6x
TTM · reasonable for a bank
ROE
17.8%
TTM · above bank average
Net Margin
34.9%
TTM · best in class
P/B
2.56x
Premium (justified by ROE)
Dividend Yield
1.76%
Conservative payout
Market Cap
$906.7B
As of 2026-07-17
Economic Moat · Key Business Segments
JPMorgan is the largest U.S. bank with roughly $4 trillion in assets, so scale itself is a cost advantage. Its four segments—CIB, CCB, AWM, and Commercial Banking—provide resilience across cycles, and a large-bank charter is effectively a barrier to entry. ROE of 17.8% and a 34.9% net margin are best-in-class (source: company IR, stockanalysis).
Economies of Scale
At $4T+ in assets, the dominant #1 among peers. Scale itself is a cost advantage.
Diversified Revenue
Four segments—investment banking, consumer, wealth management, and commercial—cushion the cycle.
Brand and Trust
200-plus years in finance, a top-tier global IB, and a survivor of the 2008 crisis.
Regulatory Barrier
A large-bank charter makes new entry all but impossible.
10-Year Financial Trends
Revenue grew at a 9-year CAGR of +7.3%, net income +9.7%, and diluted EPS +13.9%—EPS rose fastest thanks to buybacks. High rates in 2023–24 lifted net income to $58.5B (2024), with $57.0B in 2025. EPS climbed from $6.19 in 2016 to $20.02 in 2025. Q2 2026 (reported 7/14) surged to $54.8B revenue (+30% YoY) and $20.8B net income (+42% YoY), lifting TTM EPS to $23.30. Banks aren't read on an operating-income line, so revenue and EPS show the trend (source: SEC EDGAR 10-K, stockanalysis, company IR).
10-Year Growth
Revenue$182B · CAGR +7.3%
Operating Income$72.6B · CAGR +5.1%
EPS$20.02 · CAGR +13.9%
10-Year Valuation
P/E (year-end)16.1x · avg 12.0x
ROE16.1% · avg 15.9%
Operating Margin43.2% · avg 42.6%
📊 Annual Data Table (JPM) — expand/collapse
Year
Revenue (B$)
Op. Income (B$)
EPS ($)
P/E (x)
ROE (%)
Op. Margin (%)
2016
96.6
—
6.19
—
—
—
2017
100.7
—
6.31
—
—
—
2018
109
—
9
—
—
—
2019
115.7
—
10.72
—
—
—
2020
120
—
8.88
—
—
—
2021
121.6
59.6
15.36
10.3
16.9
45.5
2022
128.7
46.2
12.09
11.1
12.9
37.7
2023
158.1
61.6
16.23
10.5
16
41.4
2024
177.6
75.1
19.75
12.1
17.4
45
2025
182.4
72.6
20.02
16.1
16.1
43.2
— = no data for that year/metric (P/E omitted before EPS turned positive)
9-Year CAGR: Revenue +7.3% · Operating Income Limited data (bank) · Net Income +9.7% · EPS +13.9%
Source: SEC EDGAR 10-K, stockanalysis, company IR. Fiscal year (December) GAAP basis; EPS is diluted. As a bank, the operating-income line is replaced by revenue and EPS. P/E and ROE cover the last 5 years (stockanalysis).
Mega-Cap Value Metric Comparison
JPMorgan's 17.8% ROE tops BAC and WFC (about 10–12%), which justifies its P/B premium (2.56x). Given its profitability and franchise value that premium is defensible, but on a pure low-P/B strategy BAC and WFC are cheaper (source: stockanalysis, company filings).
Falling-Rate Cycle— As the 2023–24 rate tailwind fades, net interest income (NII) is expected to come under pressure.Source: Company IR
●
Credit Losses and the Cycle— Consumer delinquencies are edging up and there is commercial real estate exposure; a recession would widen loan losses.Source: Company 10-K
●
Management Succession— Jamie Dimon's retirement could prompt a re-rating of the P/B premium; the succession plan is a wildcard.Source: Company IR
✦ ValueCrab Dashboard PreviewJPM $341.1 -0.6% · as of 2026-07-17
Q. What are JPMorgan's (JPM) key value-investing metrics?P/E (TTM) 14.6, ROE 17.8%, net margin 34.9%, P/B 2.56, dividend yield 1.76%, and a 9-year EPS CAGR of +13.9% (source: stockanalysis, company IR, as of 2026-07-17).
Q. How are bank stocks evaluated?Key measures are ROE, net interest income (NII), capital ratio (CET1), and loan losses. JPMorgan's 17.8% ROE beats the bank average (10–12%), and its four segments cushion the cycle.
Q. Isn't a P/B of 2.6x expensive?Many argue a P/B of 2.5–2.7x is justifiable if ROE stays above 16%. On a pure low-P/B strategy, BAC and WFC are cheaper. We don't offer valuation calls.