JPMorgan Chase & Co (JPM) is overvalued and Sumitomo Mitsui Financial Group Inc ADR (SMFG) is overvalued.
Both trade above our estimate of their intrinsic value. JPM is the closer of the two: -20%, against -121% for SMFG.
Values as of the 16 Oct 2026 close.
Book value at 2.10x, the multiple a 17.9% return on equity justifies, blended with earnings, values the shares at $282.03; the price of $339.72 is 20% above that value.
Leak Score 51/100 on 11 of 12 signals
Book value at 1.53x, the multiple a 11.2% return on equity justifies, blended with earnings, values the shares at $11.19; the price of $24.75 is 121% above that value.
Leak Score 28/100 on 9 of 12 signals
| Metric | JPM | SMFG |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $339.72 | $24.75 |
| Intrinsic value | $282.03 | $11.19 |
| Margin of safety | -20% | -121% |
| Leak Score | 51/100 (11/12) | 28/100 (9/12) |
| Market cap | $903.0B | $311.2B |
| Revenue growth, 5 years | 17.3% | 14.2% |
| Operating margin | 28.4% | 22.1% |
| Net margin | 21.4% | 16.4% |
| Return on equity | 17.9% | 11.2% |
| Debt to equity | 3.32 | 3.67 |
| P/E | 14.3x | 28.4x |
| Forward P/E | 13.3x | 14.1x |
| P/B | 2.6x | 3.2x |
| Dividend yield | 1.9% | 2.4% |