Asset Management Valuation Multiples and Public Comps

Asset Management

See analyst estimates and all valuation multiples for Asset Management

Company	EV	EV/Revenue	EV/EBITDA
Goldman Sachs	$508B	9.4x	n/a
Brookfield	$313B	59.4x	11.0x
Morgan Stanley	$268B	4.3x	n/a
BlackRock	$149B	7.1x	17.0x
Blackstone	$134B	11.2x	19.1x
Investor AB	$101B	17.1x	25.2x
Brookfield Asset Management	$94.6B	22.5x	35.9x
MicroStrategy	$84.6B	181.5x	2434.3x
Apollo Global Management	$81.0B	21.7x	14.2x
Macquarie Group	$73.0B	6.7x	n/a
ORIX	$65.9B	3.4x	23.0x
Brookfield Infrastructure Partners	$64.2B	n/a	n/a
Prudential Financial	$58.3B	0.9x	7.3x
KKR	$51.8B	7.0x	10.1x
3i Group	$51.3B	7.3x	7.7x
Haitong Securities	$49.3B	20.3x	n/a
Ameriprise Financial	$47.9B	2.7x	8.6x
Ares Management	$47.9B	13.4x	29.6x
Partners Group	$42.2B	17.7x	27.8x
GF Securities	$39.2B	11.3x	38.7x
Sun Life Financial	$39.0B	4.1x	10.9x
Brookfield Renewable Partners Canada	$37.9B	n/a	n/a
Northern Trust	$36.0B	4.3x	n/a
Guotai Junan International	$35.5B	5.9x	n/a
EQT	$35.3B	13.7x	23.1x
Power Corporation of Canada	$35.0B	2.9x	n/a
China Galaxy Securities	$34.5B	7.0x	-38.8x
Raymond James	$34.2B	2.6x	n/a
Corebridge Financial	$29.8B	1.5x	7.3x
Ares Capital	$29.4B	9.7x	8.1x
Guosen Securities	$29.1B	11.8x	n/a
Korea Investment Holdings	$28.6B	15.6x	n/a
Meritz Financial	$28.5B	10.3x	n/a
Swiss Life	$28.4B	1.4x	n/a
Carlyle Group	$27.3B	7.2x	18.8x
Orient Securities	$23.0B	8.9x	n/a
Jefferies	$21.7B	3.0x	17.9x
T. Rowe Price	$21.3B	3.0x	7.5x
State Street	$20.3B	1.6x	n/a
Mega Financial Holding	$20.1B	8.3x	n/a
Franklin Resources	$19.9B	3.0x	10.4x
Latour	$19.1B	7.8x	n/a
Scottish Mortgage IT	$19.0B	n/a	n/a
Principal Financial Group	$18.9B	1.2x	7.9x
Invesco	$17.7B	4.0x	11.9x
ASR Nederland	$17.4B	1.5x	12.6x
Everbright Securities	$17.0B	n/a	n/a
Founder Securities	$16.7B	16.0x	n/a
Equitable Holdings	$16.4B	1.1x	5.4x
Industrivarden	$16.2B	n/a	11.8x
China Industrial Securities	$16.0B	9.6x	n/a
Amundi	$15.8B	4.3x	8.9x
Bajaj Holdings	$15.7B	n/a	n/a
Taiwan Cooperative Bank	$15.4B	n/a	n/a
Blue Owl Capital Inc.	$15.4B	6.8x	11.6x
Jio Financial	$15.2B	n/a	n/a
FS KKR Capital	$14.7B	8.6x	8.5x
Groupe Bruxelles Lambert	$14.3B	n/a	n/a
Lundbergföretagen	$14.1B	n/a	n/a
Zhongtai Securities	$13.4B	9.1x	n/a
KGI Financial	$13.2B	6.2x	n/a
Tianfeng Securities Co	$12.0B	n/a	n/a
Julius Baer	$11.9B	2.8x	n/a
Soochow Securities	$11.5B	7.2x	n/a
IGM Financial	$11.2B	4.7x	10.4x
Cinda Securities	$11.0B	25.3x	n/a
Zheshang Securities	$10.9B	4.7x	n/a
Caitong Securities	$10.9B	12.3x	n/a
Kiwoom Securities	$10.7B	8.3x	n/a
Changjiang Securities	$10.3B	9.6x	n/a
M&G	$10.2B	8.0x	n/a
Guoyuan Securities	$9.6B	10.6x	n/a
Capital Securities Corp.	$9.4B	n/a	n/a
SEIC	$9.4B	4.3x	13.4x
HDFC Mutual Fund	$9.3B	22.2x	28.7x
Onex	$9.3B	n/a	n/a
Sanlam	$9.1B	1.6x	7.4x
Voya Financial	$9.1B	1.1x	n/a
Grupo Bolivar	$8.9B	n/a	n/a
Yuanta Financial Holdings	$8.8B	2.7x	n/a
Intermediate Capital Group	$8.8B	7.7x	13.7x
Sofina	$8.7B	n/a	n/a
Dongxing Securities	$8.6B	n/a	n/a
Storebrand	$8.6B	2.1x	n/a
DWS Group	$8.3B	2.9x	7.7x
TPG	$8.0B	4.3x	8.3x
F&C Investment Trust	$7.9B	n/a	n/a
Western Securities	$7.9B	9.4x	n/a
Daishin Securities	$7.8B	16.1x	n/a
HASI	$7.7B	20.0x	37.9x
Discovery	$7.7B	3.0x	n/a
Main Street Capital	$7.7B	14.1x	n/a
Eurazeo	$7.0B	11.4x	38.2x
Alliance Witan	$6.9B	n/a	n/a
Wendel	$6.9B	0.8x	4.9x
HuaAn Securities Co	$6.9B	n/a	n/a
Sinolink Securities	$6.7B	7.8x	n/a
Hamilton Lane	$6.6B	10.1x	20.7x
Southwest Securities	$6.6B	19.3x	n/a
Affiliated Managers Group	$6.5B	3.2x	6.7x
Australian Foundation Investment Company	$5.9B	n/a	n/a
Janus Henderson	$5.8B	2.3x	8.1x
Hargreaves Lansdown	$5.8B	5.9x	10.4x
Sunshine Insurance Group	$5.7B	0.5x	n/a
VZ VermögensZentrum	$5.7B	9.9x	18.6x
360 One Wam	$5.6B	19.8x	41.1x
Polar Capital Technology Trust	$5.5B	n/a	n/a
Tikehau Capital	$5.5B	9.1x	14.9x
BOC International China	$5.5B	15.0x	n/a
Legal & General	$5.3B	0.3x	2.4x
Greencoat UK Wind	$5.3B	-10.7x	n/a
Burford Capital	$5.2B	8.2x	n/a
Great Eastern Life	$5.1B	n/a	n/a
Lazard	$5.1B	1.7x	11.4x
Harel Group	$5.0B	n/a	n/a
KBC Ancora	$4.5B	11.5x	n/a
Motilal Oswal	$4.5B	4.8x	n/a
GQG Partners	$4.5B	5.8x	7.6x
StepStone Group	$4.4B	5.2x	12.1x
3i Infrastructure	$4.4B	n/a	n/a
Argo Investments	$4.4B	n/a	n/a
abrdn	$4.2B	2.6x	11.7x
Remgro	$4.2B	1.6x	20.6x
Cohen & Steers	$4.2B	8.0x	n/a
ICICI Securities	$4.1B	9.1x	14.5x
AllianceBernstein	$3.9B	1.1x	3.2x
E-L Financial	$3.9B	n/a	n/a
MA Financial	$3.8B	19.3x	66.9x
RIT Capital Partners	$3.8B	n/a	n/a
Okasan Securities	$3.8B	6.8x	n/a
Azimut Group	$3.6B	2.4x	5.2x
Brederode	$3.6B	n/a	n/a
Bridgepoint Group	$3.5B	5.7x	11.1x
Tata Investment	$3.5B	n/a	n/a
Man Group	$3.4B	2.4x	6.4x
EdelweissFin	$3.4B	n/a	n/a
Vontobel	$3.3B	2.1x	n/a
Inversiones La Construcción	$3.2B	n/a	n/a
Menora Mivtachim	$3.2B	n/a	n/a
Virtus Investment Partners	$3.1B	3.5x	10.9x
Artisan Partners	$3.1B	2.7x	7.8x
Authum Investment & Infrastructure	$3.0B	n/a	n/a
HgCapital	$3.0B	n/a	n/a
Federated Hermes	$2.8B	1.7x	6.7x
Kinnevik	$2.8B	36.0x	76.0x
JM Financial	$2.7B	4.9x	n/a
Peugeot Invest	$2.7B	n/a	n/a
Hanwha Investment	$2.6B	n/a	n/a
Bure Equity	$2.6B	n/a	n/a
Investec	$2.3B	0.8x	n/a
Mandatum	$2.2B	13.7x	10.7x
Perpetual	$2.2B	2.6x	8.6x
Capital Financial	$2.2B	n/a	n/a
Altus Power	$2.2B	10.9x	19.0x
Galaxy Digital	$2.0B	2.9x	9.9x
Patria Investments	$2.0B	7.0x	15.1x
Waha Capital	$1.9B	47.0x	n/a
SSI Securities	$1.9B	6.0x	n/a
Old Mutual	$1.9B	0.5x	3.7x
GIMV	$1.7B	n/a	n/a
P10	$1.7B	5.8x	13.5x
Schroders	$1.6B	0.6x	1.9x
Luxempart	$1.4B	n/a	n/a
Norte Grande	$1.4B	n/a	n/a
Metrics Master Income	$1.4B	n/a	n/a
İş Yatırım	$1.3B	n/a	n/a
InvestCo Holding	$1.3B	n/a	n/a
Cymbria	$1.2B	n/a	n/a
Mutares	$1.2B	0.2x	2.8x
IntegraFin Holdings	$1.2B	6.2x	14.8x
Oakley Capital	$1.2B	n/a	n/a
PSG Financial Services	$1.2B	4.1x	n/a
WAM Leaders	$1.1B	n/a	n/a
Sprott	$1.1B	6.3x	12.3x
Fiera Capital	$1.1B	2.1x	7.0x
Value Grupo Financiero	$1.0B	n/a	n/a
NB Private Equity Partners	$1.0B	n/a	n/a
Creades	$1.0B	n/a	n/a
Shin Young Securities	$946M	n/a	n/a
ALTAMIR	$916M	586.1x	-45.9x
Eurohold Bulgaria	$914M	n/a	n/a
Abacus Life	$908M	7.6x	13.6x
Molten Ventures	$904M	18.2x	38.6x
Amanat	$898M	4.1x	12.0x
Regal Partners	$858M	4.6x	9.3x
VinaCapital	$802M	n/a	n/a
Investcorp Capital	$764M	6.7x	5.9x
Guardian Capital	$750M	n/a	n/a
Syncona	$744M	12.1x	4.5x
IP Group	$742M	-11.2x	-7.3x
Clairvest Group	$696M	n/a	n/a
Chrysalis Investments	$693M	660.9x	n/a
IDI SCA	$681M	14.0x	53.1x
Diamond Biofund	$678M	n/a	n/a
Senvest Capital	$674M	n/a	n/a
Spiltan Invest	$644M	n/a	n/a
Deutsche Beteiligungs	$600M	6.1x	9.7x
Treasure ASA	$576M	n/a	n/a
DeFi Technologies	$568M	4.1x	5.9x
Svolder	$560M	n/a	n/a
Renta 4	$551M	n/a	31.4x
Brockhaus Technologies	$472M	1.9x	5.4x
eQ	$470M	6.9x	12.6x
RTW Biotech Opportunities	$450M	n/a	n/a
Vinci Partners	$445M	5.3x	10.6x
Associated Cap Group	$438M	n/a	n/a
Pacific Current Group	$436M	16.0x	16.5x
Noor Investment	$423M	n/a	n/a
TINC	$408M	n/a	n/a
MCI Capital	$402M	163.7x	42.2x
Ashmore Group	$396M	1.9x	4.6x
Polar Capital Holdings	$392M	1.5x	4.7x
SBI Global Asset Management	$390M	5.8x	n/a
Shuaa Capital	$382M	n/a	n/a
CapMan	$373M	6.1x	16.9x
International Biotechnology Trust	$350M	n/a	n/a
VNV Global	$341M	-4.1x	-3.8x
Literacy Capital	$311M	n/a	n/a
Pembroke VCT	$293M	n/a	n/a
Alantra Partners	$276M	n/a	n/a
Kingfish	$266M	n/a	n/a
Pengana Private Equity	$244M	n/a	n/a
SuRo Capital	$213M	57.4x	n/a
Augmentum Fintech	$204M	n/a	n/a
VEF	$204M	n/a	n/a
Bitcoin Group	$190M	n/a	n/a
City of London Investment Group	$189M	2.9x	6.9x
Gedik Yatırım	$167M	n/a	n/a
St James's Place	$167M	0.2x	0.3x
Netfonds	$110M	0.5x	10.7x
TMT Investments	$87.7M	n/a	n/a
Mangold	$73.8M	n/a	n/a
Quercus TFI	$66.3M	1.7x	n/a
WT Financial Group	$25.7M	n/a	n/a
IPOPEMA Securities	-$23.5M	n/a	n/a
WAM Global	-$26.3M	n/a	n/a
Kuwait Investment Company	-$54.7M	n/a	n/a
Kyobo Securities	-$379M	n/a	n/a
Guolian Securities	-$535M	-1.3x	n/a
CoinShares	-$649M	-5.5x	-5.0x
Phoenix Financial	-$1.3B	-0.5x	n/a
CICC	-$2.3B	-0.8x	-2.9x
Migdal Group	-$3.8B	n/a	n/a
SDIC Capital	-$5.2B	-2.7x	n/a
Ninety One	-$12.9B	n/a	n/a
Nomura	-$16.1B	-1.3x	-3.8x
CSC Financial	-$16.5B	-5.3x	n/a