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STOCK COMPARISON

JPMorgan Chase & vs Royal Bank of Canada: Fair Value & Quality

Both stocks run through our valuation models. Here is how JPMorgan Chase & (JPM) and Royal Bank of Canada (RY) compare, as of Oct 21, 2026.

As of Oct 21, 2026, Fair Value Calculator sees Royal Bank of Canada as the less overvalued of the two: JPMorgan Chase & trades at $335 versus a fair value of $187 (−44.2%), while Royal Bank of Canada trades at $199 versus $133 (−33.3%).
JPMorgan Chase &
JPM · USD · Financials
−44.2%
upside to fair value
overvalued
Price$335
Fair Value$187
Quality64/100
Royal Bank of Canada
RY · USD · Financials
−33.3%
upside to fair value
overvalued
Price$199
Fair Value$133
Quality65/100
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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 &Royal Bank of Canada
Valuation
14.1×P/E (TTM)17.4×
13.4×Forward P/E (FY2027)11.1×
12.1×Median P/E at FY-end (10 FY, ex one-offs where documented)n/a
4.91×P/S (TTM)4.05×
2.58×P/B1.95×
12.6×EV/EBITDA18.7×
1.57×PEG2.26×
−44.2%Fair value upside−33.3%
1.8%Dividend yield3.3%
$6.15Dividend per share$6.58
Profitability
42.6%Operating margin46.4%
0.94×EBIT margin trend (5Y)0.80×
18.0%Return on equity16.2%
1.3%Return on assets0.9%
Growth
10.2%Revenue growth (YoY)8.9%
22.1%Avg. growth/yr (3Y)27.1%
16.6%Avg. growth/yr (5Y)17.6%
+14.4%Value creation/yr+13.4%
Balance & size
0.7×Interest coverage (EBIT/interest)0.4×
1.20×Debt / equity2.54×
$937BMarket cap$272B
healthyGrowth qualityhealthy
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.

JPMorgan Chase & 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.

JPMorgan Chase & Royal Bank of Canada
ProfitabilityHow much profit the company makes from its sales and capital
35
30
Quality GrowthAre margins and returns getting better?
44
62
CashflowDo the profits arrive as real cash?
96
100
Financial strengthDebt, balance sheet and risk of trouble
26
13
InvestmentDoes it invest with discipline instead of growing at any price?
77
74
Low VolatilityHow calm the share price moves, does not count
72
83
MomentumPrice trend of the last 3 to 12 months, does not count
49
60
Near the 52-week highDistance to the 52-week high, does not count
57
77
New sharesBuys back shares or issues new ones?
90
100

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 $335Royal Bank of CanadaPrice $199
Dividend Discount−76.6%below the price$78.53−39.3%below the price$121
Multiples−34.9%below the price$218−23.4%below the price$152
Asset-Based−77.6%below the price$75.18−72.7%below the price$54.34
Economic Profit−44.2%below the price$187−34.0%below the price$131
Minimum−77.6%below the price$75.18−72.7%below the price$54.34
Maximum−34.9%below the price$218−23.4%below the price$152
Median−60.4%below the price$133−36.6%below the price$126
Geometric mean−62.8%below the price$125−46.2%below the price$107

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.

Royal Bank of Canada: 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.

JPMorgan Chase &
Price $335
Fair Value $187
Bear $144Bull $273
Royal Bank of Canada
Price $199
Fair Value $133
Bear $102Bull $190

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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 score64 · Top 25%
Fair value upside−44.2% · bottom 25%

Royal Bank of Canada · Financials

Quality score65 · Top 25%
Fair value upside−33.3% · below median

Bottom line

As of Oct 21, 2026, Fair Value Calculator sees Royal Bank of Canada as the less overvalued of the two: JPMorgan Chase & trades at $335 versus a fair value of $187 (−44.2%), while Royal Bank of Canada trades at $199 versus $133 (−33.3%).

Royal Bank of Canada has the higher quality score (65/100).

Open Royal Bank of Canada 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.