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STOCK COMPARISON

JPMorgan Chase & vs NOBA Bank: Fair Value & Quality

Both stocks run through our valuation models. Here is how JPMorgan Chase & (JPM) and NOBA Bank (NOBA) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees NOBA Bank as the less overvalued of the two: JPMorgan Chase & trades at $338 versus a fair value of $192 (-43%), while NOBA Bank trades at SEK 87.10 versus SEK 60.76 (-30%).
JPMorgan Chase &
JPM · USD · Financials
-43%
upside to fair value
overvalued
Price$338
Fair Value$192
Quality65/100
NOBA Bank
NOBA.ST · SEK · Financials
-30%
upside to fair value
overvalued
PriceSEK 87.10
Fair ValueSEK 60.76
Quality63/100
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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

JPMorgan Chase &NOBA Bank
Valuation
14.6×P/E (TTM)12.1×
5.06×P/S (TTM)5.58×
2.60×P/B1.87×
12.7×EV/EBITDA9.2×
1.77×PEGn/a
−43.1%Fair value upside−30.2%
1.8%Dividend yield1.8%
$5.90Dividend per shareSEK 1.60
Profitability
50%Operating margin66%
0.94×EBIT margin trend (5Y)0.97×
18%Return on equity15%
1%Return on assets2%
Growth
30%Revenue growth (YoY)19%
22.1%Avg. growth/yr (3Y)24.8%
16.6%Avg. growth/yr (5Y)46.6%
+14.4%Value creation/yr+65.4%
Balance & size
0.7×Interest coverage (EBIT/interest)1.2×
1.20×Debt / equityn/a
$943BMarket cap$4B
healthyGrowth qualityhealthy

NOBA Bank leads: 1 to 11 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.

JPMorgan Chase &of which business quality 61 · market factors 60 NOBA Bankof which business quality 57 · market factors 49
ProfitabilityMargins and returns on capital today
35
38
Quality GrowthAre margins and returns improving?
44
69
CashflowEarnings quality: real cash, not paper profit
96
100
Fin. StrengthBalance sheet, leverage, solvency risk
26
2
InvestmentDisciplined investing over empire-building
77
72
Low VolatilityCalm price path (market factor)
73
52
MomentumPrice trend over the last 3–12 months (market factor)
54
58
52W MomentumDistance to the 52-week high (market factor)
56
30
Net IssuanceShare count: buybacks or dilution?
100
81

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 familyJPMorgan Chase &Price $338NOBA BankPrice SEK 87.10
Dividend Discount-65%below the price$119n/a
Multiples-30%below the price$235-12%close to the priceSEK 77.03
Asset-Based-73%below the price$91.35-64%below the priceSEK 31.26
Economic Profit-42%below the price$195-30%below the priceSEK 60.76
Minimum-73%below the price$91.35-64%below the priceSEK 31.26
Maximum-30%below the price$235-12%close to the priceSEK 77.03
Median-53%below the price$157-30%below the priceSEK 60.76
Geometric mean-56%below the price$150-40%below the priceSEK 52.69

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%.

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

NOBA Bank: 3 of 4 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.

JPMorgan Chase &
Price $338
Fair Value $192
Bear $146Bull $272
NOBA Bank
Price SEK 87.10
Fair Value SEK 60.76
Bear SEK 46.22Bull SEK 173

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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.

JPMorgan Chase & · Financials

Quality score65 · Top 25%
Fair value upside-43% · bottom 25%

NOBA Bank · Financials

Quality score63 · Top 25%
Fair value upside-30% · below median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees NOBA Bank as the less overvalued of the two: JPMorgan Chase & trades at $338 versus a fair value of $192 (-43%), while NOBA Bank trades at SEK 87.10 versus SEK 60.76 (-30%).

JPMorgan Chase & has the higher quality score (65/100).

Open NOBA Bank 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.