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STOCK COMPARISON

JPMorgan Chase & vs Svenska Handelsbanken AB (publ): Fair Value & Quality

Both stocks run through our valuation models. Here is how JPMorgan Chase & (JPM) and Svenska Handelsbanken AB (publ) (SHB-B) compare, as of Oct 3, 2026.

As of Oct 3, 2026, Fair Value Calculator sees Svenska Handelsbanken AB (publ) as the less overvalued of the two: JPMorgan Chase & trades at $332 versus a fair value of $188 (−43.4%), while Svenska Handelsbanken AB (publ) trades at SEK 241 versus SEK 148 (−38.6%).
JPMorgan Chase &
JPM · USD · Financials
−43.4%
upside to fair value
overvalued
Price$332
Fair Value$188
Quality63/100
Svenska Handelsbanken AB (publ)
SHB-B.ST · SEK · Financials
−38.6%
upside to fair value
overvalued
PriceSEK 241
Fair ValueSEK 148
Quality51/100
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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 &Svenska Handelsbanken AB (publ)
Valuation
14.2×P/E (TTM)18.7×
13.3×Forward P/E (FY2027)n/a
5.00×P/S (TTM)8.65×
2.57×P/B2.40×
12.6×EV/EBITDA46.8×
1.57×PEG31.49×
−43.4%Fair value upside−38.6%
1.8%Dividend yield3.3%
$6.00Dividend per shareSEK 8.00
Profitability
50.4%Operating margin50.1%
0.94×EBIT margin trend (5Y)0.47×
17.8%Return on equity12.8%
1.4%Return on assets0.6%
Growth
30.4%Revenue growth (YoY)-3.8%
22.1%Avg. growth/yr (3Y)42.9%
16.6%Avg. growth/yr (5Y)26.6%
+14.4%Value creation/yr+10.3%
Balance & size
0.7×Interest coverage (EBIT/interest)0.4×
1.20×Debt / equity7.34×
$931BMarket cap$48B
healthyGrowth qualityexpensive
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: 11 to 5 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 59 · market factors 58 Svenska Handelsbanken AB (publ)of which business quality 42 · market factors 71
ProfitabilityMargins and returns on capital today
35
29
Quality GrowthAre margins and returns improving?
44
42
CashflowEarnings quality: real cash, not paper profit
96
0
Fin. StrengthBalance sheet, leverage, solvency risk
26
40
InvestmentDisciplined investing over empire-building
77
99
Low VolatilityCalm price path (market factor)
73
93
MomentumPrice trend over the last 3–12 months (market factor)
51
53
52W MomentumDistance to the 52-week high (market factor)
52
76
Net IssuanceShare count: buybacks or dilution?
90
82

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 $332Svenska Handelsbanken AB (publ)Price SEK 241
Dividend Discount−64.1%below the price$119n/a
Multiples−29.3%below the price$235−38.5%below the priceSEK 148
Asset-Based−72.5%below the price$91.35−72.0%below the priceSEK 67.46
Economic Profit−42.6%below the price$191−54.4%below the priceSEK 110
Minimum−72.5%below the price$91.35−72.0%below the priceSEK 67.46
Maximum−29.3%below the price$235−38.5%below the priceSEK 148
Median−53.3%below the price$155−54.4%below the priceSEK 110
Geometric mean−55.3%below the price$149−57.2%below the priceSEK 103

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.

Svenska Handelsbanken AB (publ): 4 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 $332
Fair Value $188
Bear $145Bull $272
Svenska Handelsbanken AB (publ)
Price SEK 241
Fair Value SEK 148
Bear SEK 111Bull SEK 185

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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 score63 · Top 25%
Fair value upside−43.4% · bottom 25%

Svenska Handelsbanken AB (publ) · Financials

Quality score51 · below median
Fair value upside−38.6% · bottom 25%

Bottom line

As of Oct 3, 2026, Fair Value Calculator sees Svenska Handelsbanken AB (publ) as the less overvalued of the two: JPMorgan Chase & trades at $332 versus a fair value of $188 (−43.4%), while Svenska Handelsbanken AB (publ) trades at SEK 241 versus SEK 148 (−38.6%).

JPMorgan Chase & has the higher quality score (63/100).

Open Svenska Handelsbanken AB (publ) 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.