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STOCK COMPARISON

Goldman Sachs Group vs JPMorgan Chase &: Fair Value & Quality

Both stocks run through our valuation models. Here is how Goldman Sachs Group (GS) and JPMorgan Chase & (JPM) compare, as of Oct 19, 2026.

As of Oct 19, 2026, Fair Value Calculator sees Goldman Sachs Group as the less overvalued of the two: Goldman Sachs Group trades at $881 versus a fair value of $767 (−13.0%), while JPMorgan Chase & trades at $340 versus $188 (−44.6%).
Goldman Sachs Group
GS · USD · Financials
−13.0%
upside to fair value
overvalued
Price$881
Fair Value$767
Quality53/100
JPMorgan Chase &
JPM · USD · Financials
−44.6%
upside to fair value
overvalued
Price$340
Fair Value$188
Quality64/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Goldman Sachs GroupJPMorgan Chase &
Valuation
13.6×P/E (TTM)14.5×
11.9×Forward P/E (FY2027)13.6×
12.2×Median P/E at FY-end (10 FY, ex one-offs where documented)12.1×
3.98×P/S (TTM)5.09×
2.15×P/B2.62×
16.7×EV/EBITDA12.8×
1.17×PEG1.57×
−13.0%Fair value upside−44.6%
1.9%Dividend yield1.8%
$17.00Dividend per share$6.00
Profitability
42.2%Operating margin50.4%
0.75×EBIT margin trend (5Y)0.94×
16.9%Return on equity17.8%
1.0%Return on assets1.3%
Growth
42.5%Revenue growth (YoY)30.4%
22.1%Avg. growth/yr (3Y)22.1%
18.5%Avg. growth/yr (5Y)16.6%
+14.9%Value creation/yr+14.4%
Balance & size
0.3×Interest coverage (EBIT/interest)0.7×
2.37×Debt / equity1.20×
$269BMarket cap$949B
expensiveGrowth qualityhealthy
Goldman Sachs Group, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 5 of the years ex one-offs: 12.2. JPMorgan Chase &, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2020, FY2023 ex one-offs: 12.1.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Goldman Sachs Group leads: 8 to 7 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Goldman Sachs Group JPMorgan Chase &
ProfitabilityHow much profit the company makes from its sales and capital
29
35
Quality GrowthAre margins and returns getting better?
58
44
CashflowDo the profits arrive as real cash?
0
96
Financial strengthDebt, balance sheet and risk of trouble
30
26
InvestmentDoes it invest with discipline instead of growing at any price?
83
77
Low VolatilityHow calm the share price moves, does not count
51
74
MomentumPrice trend of the last 3 to 12 months, does not count
41
50
Near the 52-week highDistance to the 52-week high, does not count
44
59
New sharesBuys back shares or issues new ones?
100
90

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyGoldman Sachs GroupPrice $881JPMorgan Chase &Price $340
DCF Models+222.9%above the price$2,845n/a
Earnings-Based−5.9%close to the price$829n/a
Dividend Discount−66.5%below the price$295−76.6%below the price$79.59
Multiples−24.3%below the price$668−35.8%below the price$218
Asset-Based−69.1%below the price$272−77.9%below the price$75.11
Economic Profit−43.0%below the price$503−44.6%below the price$188
Minimum−69.1%below the price$272−77.9%below the price$75.11
Maximum+222.9%above the price$2,845−35.8%below the price$218
Median−33.6%below the price$585−60.6%below the price$134
Geometric mean−28.3%below the price$632−63.2%below the price$125

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Goldman Sachs Group: 7 of 9 models see the stock below the current price.

JPMorgan Chase &: 6 of 6 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Goldman Sachs Group
Price $881
Fair Value $767
Bear $575Bull $959
JPMorgan Chase &
Price $340
Fair Value $188
Bear $145Bull $272

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Goldman Sachs Group · Financials

Quality score53 · below median
Fair value upside−13.0% · below median

JPMorgan Chase & · Financials

Quality score64 · Top 25%
Fair value upside−44.6% · bottom 25%

Bottom line

As of Oct 19, 2026, Fair Value Calculator sees Goldman Sachs Group as the less overvalued of the two: Goldman Sachs Group trades at $881 versus a fair value of $767 (−13.0%), while JPMorgan Chase & trades at $340 versus $188 (−44.6%).

JPMorgan Chase & has the higher quality score (64/100).

Open Goldman Sachs Group live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.