JPMorgan Chase forward PE JPM
Share price divided by analysts' consensus earnings for the next twelve months, since 1996.
- Today, Oct 23, 2026
- 13.2×
- 10-year median
- 12.3×
- Against its 10-year history
- 69th
- percentile: 0 is its lowest day, 100 its highest
- 10-year range
- 7.8× to 17.2×
- Peer median
- 10.4×
JPMorgan Chase's forward PE is 13.2× as of Oct 23, 2026.
That is above its ten-year median of 12.3×, higher than on 69% of days in the last ten years.
Over that time it ranged from 7.8× in Oct 2023 to 17.2× in Dec 2019.
The median for 4 diversified banks of a similar size is 10.4×.
Forward PE over time
The dashed line is the 10-year median and the shaded band the middle half of its days.
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2026 so far | 13.2× | 12.4× | 15.1× |
| 2025 | 15.0× | 11.2× | 15.2× |
| 2024 | 13.4× | 9.4× | 13.8× |
| 2023 | 9.8× | 7.8× | 9.9× |
| 2022 | 9.3× | 7.8× | 14.5× |
| 2021 | 13.8× | 10.4× | 14.9× |
| 2020 | 10.7× | 8.2× | 17.1× |
| 2019 | 17.2× | 10.3× | 17.2× |
| 2018 | 10.0× | 9.7× | 13.9× |
| 2017 | 13.2× | 11.8× | 15.9× |
| 2016 | 15.9× | 11.7× | 16.0× |
| 2015 | 13.6× | 10.4× | 14.1× |
| 2014 | 11.4× | 10.1× | 11.4× |
| 2013 | 10.9× | 8.8× | 10.9× |
| 2012 | 9.3× | 7.8× | 12.5× |
| 2011 | 9.1× | 7.8× | 12.3× |
| 2010 | 11.0× | 9.5× | 17.5× |
| 2009 | 16.3× | 9.8× | 21.0× |
| 2008 | 18.3× | 18.3× | 22.6× |
| 2007 | 23.9× | 12.3× | 26.1× |
Against its peers
Companies in Banks - Diversified nearest JPMorgan Chase's size, closest first, today.
| Company | Forward PE |
|---|---|
| JPMJPMorgan Chase | 13.2× |
| BACBank of America | 10.3× |
| WFCWells Fargo | 10.5× |
| CCitigroup | 9.9× |
| USBU.S. Bancorp | 10.9× |
| Peer median | 10.4× |
Where JPMorgan Chase ranks
What the forward PE tells you
Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.
Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.
More on JPMorgan Chase
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.