P/E ratio for JPMorgan Chase (JPM)
P/E ratio as of May 2024 (TTM): 12.0
According to JPMorgan Chase's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.0089. At the end of 2022 the company had a P/E ratio of 11.1.
P/E ratio history for JPMorgan Chase from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.1 | 7.39% |
| 2021 | 10.3 | -27.76% |
| 2020 | 14.3 | 9.98% |
| 2019 | 13.0 | 19.95% |
| 2018 | 10.8 | -35.91% |
| 2017 | 16.9 | 22.17% |
| 2016 | 13.8 | 26.71% |
| 2015 | 10.9 | -7.2% |
| 2014 | 11.7 | -12.46% |
| 2013 | 13.4 | 62.89% |
| 2012 | 8.23 | 11.19% |
| 2011 | 7.41 | -30.17% |
| 2010 | 10.6 | -42.74% |
| 2009 | 18.5 | -14.75% |
| 2008 | 21.7 | 117.49% |
| 2007 | 9.99 | -13.97% |
| 2006 | 11.6 | -29.21% |
| 2005 | 16.4 | -33.99% |
| 2004 | 24.8 | 123.92% |
| 2003 | 11.1 | -62.55% |
| 2002 | 29.6 | -32.34% |
| 2001 | 43.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Bank of America BAC | 10.7 | -10.72% | 🇺🇸 USA |
 KeyCorp (KeyBank) KEY | 12.2 | 1.47% | 🇺🇸 USA |
 PNC Financial Services PNC | 11.1 | -7.89% | 🇺🇸 USA |
 Wells Fargo WFC | 13.3 | 10.36% | 🇺🇸 USA |
 Citigroup C | 9.25 | -22.98% | 🇺🇸 USA |
 U.S. Bancorp USB | 12.5 | 3.97% | 🇺🇸 USA |
 HSBC HSBC | 6.43 | -46.42% | 🇬🇧 UK |
 Deutsche Bank DB | 6.66 | -44.52% | 🇩🇪 Germany |
 UBS UBS | 2.80 | -76.68% | 🇨🇭 Switzerland |
 Barclays BCS | 6.42 | -46.51% | 🇬🇧 UK |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.