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STOCK COMPARISON

JPMorgan Chase & vs Westpac Banking: Fair Value & Quality

Both stocks run through our valuation models. Here is how JPMorgan Chase & (JPM) and Westpac Banking (WBC) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Westpac Banking as the less overvalued of the two: JPMorgan Chase & trades at $362 versus a fair value of $218 (-40%), while Westpac Banking trades at A$34.96 versus A$25.93 (-26%).
JPMorgan Chase &
JPM · USD · Financials
-40%
upside to fair value
overvalued
Price$362
Fair Value$218
Quality65/100
Westpac Banking
WBC.AU · AUD · Financials
-26%
upside to fair value
overvalued
PriceA$34.96
Fair ValueA$25.93
Quality61/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

JPMorgan Chase &Westpac Banking
Valuation
17.7×P/E (TTM)18.0×
4.87×P/S (TTM)4.04×
2.50×P/B1.24×
12.3×EV/EBITDA20.1×
1.77×PEG1.25×
−39.8%Fair value upside−25.8%
1.6%Dividend yield4.4%
$5.90Dividend per shareA$1.54
Profitability
50%Operating margin50%
0.94×EBIT margin trend (5Y)0.34×
18%Return on equity10%
1%Return on assets1%
Growth
30%Revenue growth (YoY)2%
22.1%Avg. growth/yr (3Y)41.9%
16.6%Avg. growth/yr (5Y)26.5%
+14.2%Value creation/yr+10.0%
Balance & size
0.7×Interest coverage (EBIT/interest)0.3×
1.20×Debt / equity2.38×
$907BMarket cap$90B
healthyGrowth qualityhealthy

Westpac Banking leads: 6 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.

JPMorgan Chase &of which business quality 61 · market factors 72 Westpac Bankingof which business quality 57 · market factors 50
ProfitabilityMargins and returns on capital today
35
25
Quality GrowthAre margins and returns improving?
44
41
CashflowEarnings quality: real cash, not paper profit
96
96
Fin. StrengthBalance sheet, leverage, solvency risk
26
15
InvestmentDisciplined investing over empire-building
77
92
Low VolatilityCalm price path (market factor)
73
85
MomentumPrice trend over the last 3–12 months (market factor)
66
36
52W MomentumDistance to the 52-week high (market factor)
80
32
Net IssuanceBuybacks instead of dilution
100
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 $362Westpac BankingPrice A$34.96
Dividend Discount-67%below the price$119n/a
Multiples-35%below the price$235-20%below the priceA$28.07
Asset-Based-75%below the price$91.35-59%below the priceA$14.28
Economic Profit-46%below the price$195-42%below the priceA$20.37
Minimum-75%below the price$91.35-59%below the priceA$14.28
Maximum-35%below the price$235-20%below the priceA$28.07
Median-57%below the price$157-42%below the priceA$20.37
Geometric mean-59%below the price$150-42%below the priceA$20.14

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.

Westpac Banking: 4 of 4 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.

JPMorgan Chase &
Bear $163Fair Value $218Bull $272
$362 = current price (white tick)
Westpac Banking
Bear A$19.45Fair Value A$25.93Bull A$32.41
A$34.96 = 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.

JPMorgan Chase & · Financials

Quality score65 · Top 25%
Fair value upside-40% · bottom 25%

Westpac Banking · Financials

Quality score61 · above median
Fair value upside-26% · below median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Westpac Banking as the less overvalued of the two: JPMorgan Chase & trades at $362 versus a fair value of $218 (-40%), while Westpac Banking trades at A$34.96 versus A$25.93 (-26%).

JPMorgan Chase & has the higher quality score (65/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.