Banco Santander S.A. vs JPMorgan Chase &: Fair Value & Quality
Both stocks run through our valuation models. Here is how Banco Santander S.A. (SAN) and JPMorgan Chase & (JPM) compare, as of Aug 14, 2026.
As of Aug 14, 2026, Fair Value Calculator sees Banco Santander S.A. as the less overvalued of the two: Banco Santander S.A. trades at €12.90 versus a fair value of €10.59 (-18%), while JPMorgan Chase & trades at $363 versus $218 (-40%).
Banco Santander S.A.
SAN.MC · EUR · Financials
-18%
upside to fair value
overvalued
Price€12.90
Fair Value€10.59
Quality64/100
JPMorgan Chase &
JPM · USD · Financials
-40%
upside to fair value
overvalued
Price$363
Fair Value$218
Quality65/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Banco Santander S.A.JPMorgan Chase &
Valuation
13.7×P/E (TTM)17.7×
4.22×P/S (TTM)4.87×
1.94×P/B2.50×
19.2×EV/EBITDA12.3×
3.82×PEG1.77×
2.0%Dividend yield1.8%
€0.24Dividend per share$5.90
Profitability
34%Net margin35%
43%Operating margin50%
13%Return on equity18%
1%Return on assets1%
Growth
5%Revenue growth (YoY)30%
41.9%Avg. growth/yr (3Y)22.1%
14.7%Avg. growth/yr (5Y)16.6%
Balance & size
3.14×Debt / equity1.20×
$200BMarket cap$907B
healthyGrowth qualityhealthy
JPMorgan Chase & leads: 5 to 9 metric wins.
Dash = 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.
Banco Santander S.A.of which business quality 60 · market factors 82JPMorgan Chase &of which business quality 61 · market factors 72
ProfitabilityMargins and returns on capital today
27
35
Quality GrowthAre margins and returns improving?
44
44
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
82
77
Low VolatilityCalm price path (market factor)
67
73
MomentumPrice trend over the last 3–12 months (market factor)
82
65
52W MomentumDistance to the 52-week high (market factor)
100
81
Net IssuanceBuybacks instead of dilution
100
100
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Banco Santander S.A.
Dividend Discount€4.10
Multiples€11.44
Asset-Based€4.82
Economic Profit€8.82
6 of 6 models see the stock below the current price.
JPMorgan Chase &
Dividend Discount$119
Multiples$235
Asset-Based$91.35
Economic Profit$195
6 of 6 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Banco Santander S.A.
Bear €7.95Fair Value €10.59Bull €13.24
€12.90 = current price (white tick)
JPMorgan Chase &
Bear $163Fair Value $218Bull $272
$363 = current price (white tick)
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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.
Banco Santander S.A. · Financials
Quality score64 · Top 25%
Fair value upside-18% · below median
JPMorgan Chase & · Financials
Quality score65 · Top 25%
Fair value upside-40% · bottom 25%
Bottom line
As of Aug 14, 2026, Fair Value Calculator sees Banco Santander S.A. as the less overvalued of the two: Banco Santander S.A. trades at €12.90 versus a fair value of €10.59 (-18%), while JPMorgan Chase & trades at $363 versus $218 (-40%).
JPMorgan Chase & has the higher quality score (65/100).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
