JPM Price / Book | JPMORGAN CHASE & CO

JPMORGAN CHASE & CO Price/Book Ratio

The price-to-book (P/B) ratio compares what the stock market says a company is worth with what the company's own books say it is worth. It is market capitalization divided by shareholder equity, the book value left after subtracting liabilities from assets, and the table shows both amounts. A ratio of 1.0 means market value equals book value; a higher ratio means investors value the company above its net assets, often for brands, software or expected growth the books do not record. A negative ratio means equity is negative. Each point uses the filed share count and the last closing price on or before the equity's reporting date, never today's price.

JPMORGAN CHASE & CO price/book ratio for the quarter ending 2026-06-30 was 2.32, a 4.02% increase year-over-year.
JPMORGAN CHASE & CO price/book ratio for the quarter ending 2026-03-31 was 2.17, a 11.62% increase year-over-year.
JPMORGAN CHASE & CO price/book ratio for the quarter ending 2025-12-31 was 2.4, a 23.26% increase year-over-year.
JPMORGAN CHASE & CO price/book ratio for the quarter ending 2025-09-30 was 2.38, a 38.86% increase year-over-year.
JPMORGAN CHASE & CO price/book ratio for fiscal 2026 was 2.32.
JPMORGAN CHASE & CO price/book ratio for fiscal 2025 was 2.4, a 23.26% increase from fiscal 2024.
JPMORGAN CHASE & CO price/book ratio for fiscal 2024 was 1.95, a 30.34% increase from fiscal 2023.
JPMORGAN CHASE & CO price/book ratio for fiscal 2023 was 1.49, a 10.87% increase from fiscal 2022.

Available history: 2008-12-31 to 2026-06-30
Data captured: 2026-06-30

Historical Price/Book Ratio

Date	Price/Book Ratio	Market capitalization	Shareholder equity
2026-06-30	2.32	$869.86B	$374.6B
2026-03-31	2.17	$788.23B	$364.04B
2025-12-31	2.4	$869B	$362.44B
2025-09-30	2.38	$858.59B	$360.21B
2025-06-30	2.23	$796.82B	$356.92B
2025-03-31	1.94	$681.71B	$351.42B
2024-12-31	1.95	$670.61B	$344.76B
2024-09-30	1.72	$593.64B	$345.84B
2024-06-30	1.69	$575.46B	$340.55B
2024-03-31	1.71	$575.2B	$336.64B
2023-12-31	1.49	$489.31B	$327.88B
2023-09-30	1.32	$419.25B	$317.37B
2023-06-30	1.35	$422.66B	$312.52B
2023-03-31	1.26	$380.8B	$303.08B
2022-12-31	1.35	$393.48B	$292.33B
2022-09-30	1.06	$306.52B	$288.02B
2022-06-30	1.15	$330.24B	$286.14B
2022-03-31	1.4	$400.38B	$285.9B
2021-12-31	1.59	$466.2B	$294.13B
2021-09-30	1.67	$483.75B	$290.04B
2021-06-30	1.62	$464.78B	$286.39B
2021-03-31	1.64	$460.82B	$280.71B
2020-12-31	1.39	$387.49B	$279.35B
2020-09-30	1.08	$293.45B	$271.11B
2020-06-30	1.08	$286.66B	$264.47B
2020-03-31	1.05	$274.32B	$261.26B
2019-12-31	1.65	$429.91B	$261.33B
2019-09-30	1.4	$369.13B	$264.35B
2019-06-30	1.36	$357.48B	$263.22B
2019-03-31	1.26	$328.39B	$259.84B
2018-12-31	1.25	$319.78B	$256.52B
2018-09-30	1.45	$375.24B	$258.96B
2018-06-30	1.36	$350.2B	$257.46B
2018-03-31	1.46	$374.42B	$256.2B
2017-12-31	1.43	$366.3B	$255.69B
2017-09-30	1.28	$331.39B	$258.38B
2017-06-30	1.24	$321.63B	$258.48B
2017-03-31	1.22	$312.08B	$255.86B
2016-12-31	1.21	$307.3B	$254.19B
2016-09-30	0.94	$238.28B	$254.33B
2016-06-30	0.89	$224.45B	$252.42B
2016-03-31	0.87	$216.55B	$250.16B
2015-12-31	0.98	$241.9B	$247.57B
2015-09-30	0.91	$224.44B	$245.73B
2015-06-30	1.04	$250.58B	$241.21B
2015-03-31	0.95	$224.82B	$235.86B
2014-12-31	1	$232.47B	$231.73B
2014-09-30	0.97	$225.19B	$231.28B
2014-06-30	0.95	$216.73B	$227.31B
2014-03-31	1.05	$229.77B	$219.66B
2013-12-31	1.04	$219.66B	$211.18B
2013-09-30	0.94	$194.31B	$206.67B
2013-06-30	0.95	$199.53B	$209.24B
2013-03-31	0.88	$181.65B	$207.09B
2012-12-31	0.82	$167.26B	$204.07B
2012-09-30	0.77	$153.77B	$199.69B
2012-06-30	0.71	$136.01B	$191.57B
2012-03-31	0.93	$175.52B	$189.27B
2011-12-31	0.68	$125.44B	$183.57B
2011-09-30	0.64	$117.44B	$182.29B
2011-06-30	0.89	$162.68B	$182.88B
2011-03-31	1.02	$183.64B	$180.6B
2010-12-31	0.94	$165.87B	$176.11B
2010-09-30	0.87	$150.91B	$173.83B
2010-06-30	0.85	$145.66B	$171.12B
2010-03-31	1.08	$177.79B	$164.72B
2009-12-31	1.02	$164.26B	$160.85B
2009-09-30	1.06	$172.33B	$162.25B
2008-12-31	0.71	$117.7B	$166.88B

Annual Price/Book Ratio

Date	Price/Book Ratio	Market capitalization	Shareholder equity
2026-06-30	2.32	$869.86B	$374.6B
2025-12-31	2.4	$869B	$362.44B
2024-12-31	1.95	$670.61B	$344.76B
2023-12-31	1.49	$489.31B	$327.88B
2022-12-31	1.35	$393.48B	$292.33B
2021-12-31	1.59	$466.2B	$294.13B
2020-12-31	1.39	$387.49B	$279.35B
2019-12-31	1.65	$429.91B	$261.33B
2018-12-31	1.25	$319.78B	$256.52B
2017-12-31	1.43	$366.3B	$255.69B
2016-12-31	1.21	$307.3B	$254.19B
2015-12-31	0.98	$241.9B	$247.57B
2014-12-31	1	$232.47B	$231.73B
2013-12-31	1.04	$219.66B	$211.18B
2012-12-31	0.82	$167.26B	$204.07B
2011-12-31	0.68	$125.44B	$183.57B
2010-12-31	0.94	$165.87B	$176.11B
2009-12-31	1.02	$164.26B	$160.85B
2008-12-31	0.71	$117.7B	$166.88B