Is JPMorgan Chase & Co. overvalued or undervalued?

As of 15 July 2025, the valuation grade for JPMorgan Chase & Co. has moved from fair to expensive, indicating a shift towards overvaluation. The company appears overvalued based on its current metrics, with a P/E ratio of 17, a Price to Book Value of 2.97, and an EV to EBITDA of 14.89. In comparison, Bank of America Corp. has a P/E of 12.90 and Wells Fargo & Co. has an attractive P/E of 17.91, suggesting that JPMorgan is priced higher relative to its peers.
Despite the overvaluation, JPMorgan has shown strong performance with a year-to-date return of 30.67%, significantly outperforming the S&P 500's return of 12.22% during the same period. However, the long-term performance shows a mixed picture, as the 10-year return of 218.49% is lower than the S&P 500's 231.64%. Overall, the current valuation metrics and peer comparisons suggest that JPMorgan Chase & Co. is overvalued.