JP Morgan Piotroski F Score
JPM   USA Stock  USD 150.64 0.29 0.19% 
At this time, it appears that JP Morgan's Piotroski F Score is Frail. Although some professional money managers and academia have recently criticized Piotroski FScore model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient longterm portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
3.0
Piotroski F Score  Frail
1  Current Return On Assets  Positive 
2  Change in Return on Assets  Increased 
3  Cash Flow Return on Assets  Negative 
4  Current Quality of Earnings (accrual)  Decreasing 
5  Asset Turnover Growth  Decrease 
6  Current Ratio Change  N/A 
7  Long Term Debt Over Assets Change  Lower Leverage 
8  Change In Outstending Shares  Increase 
9  Change in Gross Margin  No Change 
JP Morgan Piotroski F Score Drivers
The critical factor to consider when applying the Piotroski F Score to JP Morgan is to make sure JP Morgan is not a subject of accounting manipulations and runs a healthy internal audit department. So, if JP Morgan's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if JP Morgan's financial numbers are properly reported.
Current Value  Last Year  Change From Last Year  10 Year Trend  

Weighted Average Shares  3.1 B  3.1 B 

 
Weighted Average Shares Diluted  3.2 B  3.1 B 

 
Net Cash Flow from Operations  (82 B)  (79.9 B) 

 
Total Assets  3244.7 B  3384.8 B 

 
Total Liabilities  2962.9 B  3105.4 B 

 
Total Debt  510.8 B  542.1 B 

 
Return on Average Assets  0.0094  0.008 

 
Gross Margin  0.89  0.9 

 
Asset Turnover  0.0366  0.037 


JP Morgan Chase F Score Driver Matrix
One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between JP Morgan's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards JP Morgan in a muchoptimized way.
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About JP Morgan Piotroski F Score
FScore is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his FScore binary model can help to predict the performance of low pricetobook stocks.Weighted Average Shares  3.15 Billion 
JP Morgan Current Valuation Drivers
We derive many important indicators used in calculating different scores of JP Morgan from analyzing JP Morgan's financial statements. These drivers represent accounts that assess JP Morgan's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of JP Morgan's important valuation drivers and their relationship over time.
2016  2017  2018  2019  2020  2021 (projected)  
Net Income Per Employee  101.36 K  96.78 K  126.8 K  141.76 K  113.77 K  101.19 K  
Revenue Per Employee  432.28 K  451.01 K  513.12 K  554.21 K  505.77 K  461.23 K  
Average Assets  2,475.48 B  2,551.53 B  2,609.39 B  2,729.15 B  3,245.84 B  3,165.51 B  
Earnings Before Interest Taxes and Depreciation Amortization EBITDA  38.12 B  40.2 B  46.79 B  51.12 B  42.3 B  43.74 B  
Earnings Before Interest Taxes and Depreciation Amortization USD  38.12 B  40.2 B  46.79 B  51.12 B  42.3 B  43.74 B  
Earnings before Tax  32.64 B  34.03 B  39 B  42.76 B  33.69 B  35.7 B  
Average Equity  252.78 B  257.11 B  257.28 B  262.18 B  269.05 B  274.6 B  
Enterprise Value  405.82 B  425.19 B  421.9 B  773.76 B  457.42 B  450.4 B  
Free Cash Flow  21.88 B  (10.83 B)  15.61 B  4.09 B  (79.91 B)  (82.01 B)  
Invested Capital  2,542.45 B  2,542.7 B  2,823.02 B  2,886.5 B  3,345.82 B  3,320.58 B  
Invested Capital Average  2,537.48 B  2,559.81 B  2,695.02 B  2,964.1 B  3,295.82 B  3,297.01 B  
Market Capitalization  308.77 B  371.05 B  324.63 B  437.23 B  387.34 B  360.97 B  
Tangible Asset Value  2,436.73 B  2,479.21 B  2,568.18 B  2,634.04 B  3,331.33 B  3,186.49 B 
About JP Morgan Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze JP Morgan Chase's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of JP Morgan using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of JP Morgan Chase based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.JPMorgan Chase Co. operates as a financial services company worldwide. JPMorgan Chase Co. was founded in 1799 and is headquartered in New York, New York. JP Morgan operates under BanksDiversified classification in the United States and is traded on New York Stock Exchange. It employs 259350 people.
JP Morgan Investors Sentiment
The influence of JP Morgan's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decisionmaking process regarding taking a position in JP Morgan. The overall investor sentiment generally increases the direction of a stock movement in a oneyear investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as JP Morgan Chase using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
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Please see JP Morgan Altman Z Score, JP Morgan Correlation, JP Morgan Valuation, as well as analyze JP Morgan Alpha and Beta and JP Morgan Hype Analysis. Note that the JP Morgan Chase information on this page should be used as a complementary analysis to other JP Morgan's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Equity Valuation module to check real value of public entities based on technical and fundamental data.
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When running JP Morgan Chase price analysis, check to measure JP Morgan's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy JP Morgan is operating at the current time. Most of JP Morgan's value examination focuses on studying past and present price action to predict the probability of JP Morgan's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move JP Morgan's price. Additionally, you may evaluate how the addition of JP Morgan to your portfolios can decrease your overall portfolio volatility.
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The market value of JP Morgan Chase is measured differently than its book value, which is the value of JP Morgan that is recorded on the company's balance sheet. Investors also form their own opinion of JP Morgan's value that differs from its market value or its book value, called intrinsic value, which is JP Morgan's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because JP Morgan's market value can be influenced by many factors that don't directly affect JP Morgan Chase underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between JP Morgan's value and its price as these two are different measures arrived at by different means. Investors typically determine JP Morgan value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, JP Morgan's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.