Firstrand vs JPMorgan Chase &: Fair Value & Quality
Both stocks run through our valuation models. Here is how Firstrand (FSR) and JPMorgan Chase & (JPM) compare, as of Aug 14, 2026.
As of Aug 14, 2026, Fair Value Calculator sees Firstrand as the less overvalued of the two: Firstrand trades at ZAR 98.92 versus a fair value of ZAR 78.80 (-20%), while JPMorgan Chase & trades at $363 versus $218 (-40%).
Firstrand
FSR.JSE · ZAC · Financials
-20%
upside to fair value
overvalued
PriceZAR 98.92
Fair ValueZAR 78.80
Quality45/100
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).
FirstrandJPMorgan Chase &
Valuation
12.4×P/E (TTM)17.7×
3.92×P/S (TTM)4.87×
2.32×P/B2.50×
7.5×EV/EBITDA12.3×
48.46×PEG1.77×
0.1%Dividend yield1.8%
ZAR 5.06Dividend per share$5.90
Profitability
33%Net margin35%
44%Operating margin50%
20%Return on equity18%
2%Return on assets1%
Growth
10%Revenue growth (YoY)30%
17.6%Avg. growth/yr (3Y)22.1%
9.6%Avg. growth/yr (5Y)16.6%
Balance & size
0.10×Debt / equity1.20×
$34BMarket cap$907B
expensiveGrowth qualityhealthy
Even match: 7 to 7 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.
Firstrandof which business quality 36 · market factors 76JPMorgan Chase &of which business quality 61 · market factors 72
ProfitabilityMargins and returns on capital today
35
35
Quality GrowthAre margins and returns improving?
48
44
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
68
77
Low VolatilityCalm price path (market factor)
88
73
MomentumPrice trend over the last 3–12 months (market factor)
62
65
52W MomentumDistance to the 52-week high (market factor)
86
81
Net IssuanceBuybacks instead of dilution
82
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.
Firstrand
Dividend DiscountZAR 88.79
MultiplesZAR 80.10
Asset-BasedZAR 28.22
Economic ProfitZAR 64.74
5 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.
Firstrand
Bear ZAR 59.11Fair Value ZAR 78.80Bull ZAR 98.51
ZAR 98.92 = 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.
Firstrand · Financials
Quality score45 · bottom 25%
Fair value upside-20% · 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 Firstrand as the less overvalued of the two: Firstrand trades at ZAR 98.92 versus a fair value of ZAR 78.80 (-20%), 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.
