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Public Comps and Valuation Multiples
for Commercial Banking

Benchmark revenue and EBITDA valuation multiples for public comps like Santander, China Construction Bank, Royal Bank of Canada, Wells Fargo and MUFG.

Commercial Banking

See analyst estimates and all valuation multiples for Commercial Banking
Company EV EV/LTM Revenue EV/LTM EBITDA
$1.13T 6.3x n/a
$760B 7.1x n/a
$613B 6.1x n/a
$591B 12.6x n/a
$580B 5.6x n/a
$575B 6.9x n/a
$566B 5.0x n/a
$512B 7.0x n/a
$488B 5.9x n/a
$345B 3.5x n/a
$344B 7.1x n/a
$304B 11.4x n/a
$288B 20.6x n/a
$287B 11.2x n/a
$279B 7.1x n/a
$274B 14.6x n/a
$271B 11.1x n/a
$270B 10.3x n/a
$262B 8.9x n/a
$256B 8.6x n/a
$256B 8.7x n/a
$238B 7.4x n/a
$236B 11.6x n/a
$230B 12.4x n/a
$230B 12.5x n/a
$229B 7.1x n/a
$227B 6.3x n/a
$226B 15.4x n/a
$226B 16.5x n/a
$224B 6.1x n/a
$220B 3.7x n/a
$219B 5.8x n/a
$216B 14.8x n/a
$215B 18.4x n/a
$209B 23.8x n/a
$196B 6.8x n/a
$195B 4.0x n/a
$192B 4.6x n/a
$191B 3.8x n/a
$188B 30.4x n/a
$182B 9.3x n/a
$179B 30.0x n/a
$178B 8.7x n/a
$176B 3.7x n/a
$173B 9.8x n/a
$164B 13.8x n/a
$161B 5.7x n/a
$156B 5.9x n/a
$143B 24.8x n/a
$142B 16.1x n/a
$140B 6.2x n/a
$138B 10.6x n/a
$133B 18.0x n/a
$131B 7.0x n/a
$131B 9.5x n/a
$127B 3.8x n/a
$124B 6.7x n/a
$120B 9.4x n/a
$120B 9.6x n/a
$118B 10.9x n/a
$116B 6.0x n/a
$114B 11.7x n/a
$113B 5.8x n/a
$109B 11.1x n/a
$109B 12.9x n/a
$105B 10.7x n/a
$103B 7.8x n/a
$103B 10.7x n/a
$97.8B 12.9x n/a
$95.0B 9.2x n/a
$91.8B 3.7x n/a
$88.4B 11.9x n/a
$86.2B 10.6x n/a
$85.8B 8.5x n/a
$85.2B 1.7x n/a
$85.1B 1.7x n/a
$81.8B 7.4x n/a
$75.3B 37.0x n/a
$74.8B n/a n/a
$74.4B 7.9x n/a
$74.3B 7.9x n/a
$73.2B 3.6x 29.8x
$73.0B 5.8x n/a
$72.5B 6.6x n/a
$72.4B 3.4x n/a
$71.5B 6.2x n/a
$71.0B 3.0x n/a
$67.4B 5.3x n/a
$66.7B 12.1x n/a
$65.7B 20.1x n/a
$64.6B 6.9x n/a
$64.0B 12.8x n/a
$62.5B 6.6x n/a
$62.4B 6.9x n/a
$62.3B 0.9x n/a
$61.4B n/a n/a
$60.9B 2.2x n/a
$58.4B 7.5x n/a
$58.1B 8.5x n/a
$57.4B 13.0x n/a
$56.1B 11.6x n/a
$52.9B 2.6x n/a
$50.9B 9.5x n/a
$50.0B 9.1x n/a
$49.5B 5.6x n/a
$49.2B 4.0x n/a
$48.4B n/a n/a
$48.0B 18.6x n/a
$47.3B 5.0x n/a
$47.2B 5.1x n/a
$46.9B 6.8x n/a
$46.9B 15.3x n/a
$46.0B n/a n/a
$45.3B 5.8x n/a
$44.5B 6.5x n/a
$44.3B 7.8x n/a
$43.9B n/a n/a
$43.3B 10.2x n/a
$42.1B 5.6x n/a
$39.0B 5.7x n/a
$37.7B 5.7x n/a
$37.7B 10.2x n/a
$37.0B 2.7x n/a
$37.0B 11.1x n/a
$36.9B 4.6x n/a
$36.9B 4.0x n/a
$35.8B 4.9x n/a
$35.7B 4.0x n/a
$35.6B 4.3x n/a
$35.5B 4.3x n/a
$35.2B 1.1x n/a
$35.0B 9.4x n/a
$34.6B 4.3x 4.5x
$33.9B 5.5x n/a
$32.7B 3.9x n/a
$31.9B 7.9x n/a
$31.9B 8.0x n/a
$31.7B 23.0x n/a
$30.7B 12.9x n/a
$30.5B 6.5x n/a
$30.4B 4.4x n/a
$30.3B 4.1x n/a
$30.1B n/a n/a
$30.0B 27.9x n/a
$29.7B 3.6x n/a
$29.7B n/a n/a
$29.5B 2.5x n/a
$29.0B 14.5x n/a
$28.7B 21.4x n/a
$28.2B 5.9x n/a
$28.1B 8.8x n/a
$28.0B 4.5x n/a
$28.0B 5.2x n/a
$27.4B 5.6x n/a
$27.1B 1.3x n/a
$26.6B 5.8x n/a
$26.2B 4.9x n/a
$26.1B 31.1x n/a
$26.1B 4.8x n/a
$26.0B 6.7x n/a
$25.8B 14.8x n/a
$25.6B 7.3x n/a
$25.5B 3.7x n/a
$25.2B 4.8x n/a
$25.2B 3.7x n/a
$24.8B 10.4x n/a
$24.7B 4.7x n/a
$24.5B 7.8x n/a
$24.5B 7.0x n/a
$24.2B 1.6x n/a
$24.1B 2.4x n/a
$23.7B 7.9x n/a
$23.5B 9.3x n/a
$23.2B 4.7x n/a
$23.0B n/a n/a
$22.8B 16.0x n/a
$22.6B 7.4x n/a
$22.4B 8.2x n/a
$22.1B 6.5x n/a
$22.1B 8.1x n/a
$21.4B 4.3x n/a
$21.2B 4.7x 23.4x
$21.1B 6.5x n/a
$20.7B 5.2x n/a
$20.7B 5.4x n/a
$20.4B 4.8x n/a
$20.0B 6.0x n/a
$19.9B 6.1x n/a
$19.7B 8.8x n/a
$19.6B n/a n/a
$19.6B 3.0x n/a
$19.4B 2.8x n/a
$19.0B 2.3x n/a
$18.9B 7.1x n/a
$18.7B 8.5x n/a
$18.3B 9.4x n/a
$18.2B 4.0x n/a
$18.2B 4.7x n/a
$18.1B 3.0x n/a
$18.1B 3.7x n/a
$17.9B 3.7x n/a
$17.9B 6.4x n/a
$17.7B 2.8x n/a
$17.6B 5.3x n/a
$17.4B 7.7x n/a
$17.4B 6.8x n/a
$17.2B n/a n/a
$17.2B 6.2x n/a
$17.0B 5.2x n/a
$17.0B 14.0x n/a
$16.9B 6.6x n/a
$16.8B 5.0x n/a
$16.3B n/a n/a
$16.1B 23.5x n/a
$16.1B 6.8x n/a
$15.9B 5.0x n/a
$15.8B n/a n/a
$15.7B 2.5x n/a
$15.6B 5.0x n/a
$15.5B 6.6x n/a
$15.3B 21.7x n/a
$15.3B 5.6x n/a
$15.1B n/a n/a
$15.1B 12.0x n/a
$15.0B 3.4x n/a
$14.6B 16.0x n/a
$14.5B 3.6x n/a
$14.5B 4.1x n/a
$14.4B 5.1x n/a
$14.3B 4.4x n/a
$14.3B 4.4x n/a
$14.2B 13.2x n/a
$14.2B 9.4x n/a
$14.1B n/a n/a
$14.1B 8.4x n/a
$14.1B 5.3x n/a
$13.9B n/a n/a
$13.8B 4.9x n/a
$13.7B 7.0x n/a
$13.6B 25.5x n/a
$13.5B 2.9x n/a
$13.4B n/a n/a
$13.3B 4.0x n/a
$13.2B 7.2x n/a
$12.8B 3.2x n/a
$12.6B 4.1x n/a
$12.4B 5.2x n/a
$12.1B 4.5x n/a
$11.7B 13.5x n/a
$11.7B 4.5x n/a
$11.6B 5.4x n/a
$11.5B n/a n/a
$11.5B 4.9x n/a
$11.3B 4.8x n/a
$11.3B 0.8x n/a
$11.3B 7.0x n/a
$11.1B 5.3x n/a
$11.0B n/a n/a
$11.0B n/a n/a
$10.8B 3.4x n/a
$10.7B 7.0x n/a
$10.5B n/a n/a
$10.4B 2.0x n/a
$10.4B 2.2x n/a
$10.3B 4.6x n/a
$10.3B 10.9x n/a
$10.1B 15.4x n/a
$10.0B 5.2x n/a
$9.9B 3.9x n/a
$9.9B 7.8x n/a
$9.9B 4.3x n/a
$9.8B 3.1x n/a
$9.8B n/a n/a
$9.8B 2.8x n/a
$9.8B n/a n/a
$9.7B 4.9x n/a
$9.7B 4.9x n/a
$9.6B 13.4x n/a
$9.5B 5.6x n/a
$9.4B 2.9x n/a
$9.4B 3.1x n/a
$9.3B n/a n/a
$9.2B n/a n/a
$9.1B 7.3x n/a
$9.1B 4.4x n/a
$9.0B 5.7x n/a
$8.9B 6.2x n/a
$8.9B 7.6x n/a
$8.9B n/a n/a
$8.7B n/a n/a
$8.7B 2.1x n/a
$8.7B 4.2x n/a
$8.6B 26.9x n/a
$8.5B 8.0x n/a
$8.5B 6.0x n/a
$8.4B 3.8x n/a
$8.2B 9.2x n/a
$8.2B n/a n/a
$8.1B 2.1x n/a
$8.0B 4.4x 26.3x
$8.0B 4.0x n/a
$7.9B 4.7x n/a
$7.7B n/a n/a
$7.7B 5.0x n/a
$7.7B 2.9x n/a
$7.7B 3.7x n/a
$7.6B 13.7x n/a
$7.6B 10.7x n/a
$7.4B n/a n/a
$7.4B 10.4x n/a
$7.4B 6.3x n/a
$7.4B 4.3x n/a
$7.3B 5.7x 18.0x
$7.3B 2.7x n/a
$7.2B 7.4x n/a
$7.2B 34.1x 37.7x
$7.2B 4.1x n/a
$7.1B 4.6x n/a
$7.1B 3.6x n/a
$7.0B 10.6x n/a
$7.0B n/a n/a
$7.0B 4.0x n/a
$6.9B 5.1x n/a
$6.9B 1.3x n/a
$6.8B 3.1x n/a
$6.7B 9.9x n/a
$6.7B n/a n/a
$6.7B 6.0x n/a
$6.7B 4.5x n/a
$6.7B 6.4x n/a
$6.2B 4.1x n/a
$6.1B n/a n/a
$6.1B n/a n/a
$6.1B n/a n/a
$6.0B 2.1x n/a
$6.0B 5.0x n/a
$6.0B n/a n/a
$6.0B 5.5x n/a
$5.9B 5.4x n/a
$5.9B 5.0x n/a
$5.8B 8.8x n/a
$5.8B 5.4x n/a
$5.7B 12.8x n/a
$5.7B 4.7x n/a
$5.7B 16.3x n/a
$5.6B n/a n/a
$5.6B 7.2x n/a
$5.6B 4.7x n/a
$5.5B 16.9x n/a
$5.5B 9.6x n/a
$5.5B 3.9x n/a
$5.4B n/a n/a
$5.4B n/a n/a
$5.4B 4.2x n/a
$5.3B 6.1x n/a
$5.3B 22.4x n/a
$5.3B n/a n/a
$5.3B 6.4x n/a
$5.2B 4.1x n/a
$5.0B n/a n/a
$5.0B 6.0x n/a
$5.0B 8.2x n/a
$4.8B 5.8x n/a
$4.8B n/a n/a
$4.8B 16.6x n/a
$4.7B 6.5x n/a
$4.7B 2.1x n/a
$4.6B 4.1x n/a
$4.5B 5.0x n/a
$4.5B 2.2x n/a
$4.5B 4.6x n/a
$4.4B n/a n/a
$4.4B n/a n/a
$4.4B 1.4x n/a
$4.4B 6.5x n/a
$4.4B 5.1x n/a
$4.3B 7.9x n/a
$4.3B 5.3x n/a
$4.3B 8.9x n/a
$4.3B 11.1x n/a
$4.1B 2.4x n/a
$4.1B n/a n/a
$4.1B 4.1x n/a
$4.0B 4.0x n/a
$4.0B 4.0x n/a
$4.0B 32.5x n/a
$3.9B n/a n/a
$3.9B 5.0x n/a
$3.9B 4.9x n/a
$3.9B 4.4x n/a
$3.8B 4.9x n/a
$3.8B 3.8x n/a
$3.8B n/a n/a
$3.7B n/a n/a
$3.7B 6.1x n/a
$3.6B 5.1x n/a
$3.5B 5.9x n/a
$3.5B 3.7x n/a
$3.4B 3.9x n/a
$3.4B 12.3x n/a
$3.4B 2.9x n/a
$3.4B 4.0x n/a
$3.3B 5.4x n/a
$3.3B 3.2x n/a
$3.3B 11.5x 31.2x
$3.3B n/a n/a
$3.3B 4.9x n/a
$3.3B 1.1x n/a
$3.2B 3.4x n/a
$3.2B 6.2x n/a
$3.2B 2.3x n/a
$3.2B 4.0x n/a
$3.1B 3.0x n/a
$3.0B 5.3x n/a
$3.0B 3.8x n/a
$3.0B n/a n/a
$3.0B 5.5x n/a
$2.9B n/a n/a
$2.9B 4.3x n/a
$2.9B 1.7x n/a
$2.9B 4.4x n/a
$2.9B 14.5x n/a
$2.9B 16.1x n/a
$2.8B n/a n/a
$2.8B n/a n/a
$2.7B n/a n/a
$2.7B n/a n/a
$2.6B 19.3x n/a
$2.6B 2.2x n/a
$2.6B n/a n/a
$2.6B 25.4x n/a
$2.5B 3.8x n/a
$2.5B 6.6x n/a
$2.5B 2.1x n/a
$2.5B 3.8x n/a
$2.5B 8.5x n/a
$2.5B 7.1x n/a
$2.4B 9.9x n/a
$2.4B 3.3x n/a
$2.4B n/a n/a
$2.4B n/a n/a
$2.3B n/a n/a
$2.3B 3.0x n/a
$2.3B 4.5x n/a
$2.3B 0.9x n/a
$2.3B 5.6x n/a
$2.2B 3.6x n/a
$2.2B 6.9x n/a
$2.2B 22.6x n/a
$2.2B n/a n/a
$2.2B 4.9x n/a
$2.2B 5.4x n/a
$2.1B n/a n/a
$2.1B 1.4x n/a
$2.1B 5.7x n/a
$2.1B n/a n/a
$2.0B 3.1x n/a
$2.0B n/a n/a
$2.0B 6.4x n/a
$1.9B 8.6x n/a
$1.9B n/a n/a
$1.9B 12.7x n/a
$1.9B 7.3x n/a
$1.9B n/a n/a
$1.9B 4.7x n/a
$1.8B 4.3x n/a
$1.8B 4.3x n/a
$1.8B 4.8x n/a
$1.8B 5.4x n/a
$1.8B 3.2x n/a
$1.7B 2.1x n/a
$1.7B n/a n/a
$1.7B 4.3x n/a
$1.7B 3.1x n/a
$1.7B 4.1x n/a
$1.7B 4.0x n/a
$1.7B 5.2x n/a
$1.7B 1.0x n/a
$1.7B 5.1x n/a
$1.7B n/a n/a
$1.7B n/a n/a
$1.7B 3.7x n/a
$1.7B 6.1x n/a
$1.7B 4.0x n/a
$1.7B 10.3x n/a
$1.7B 6.2x n/a
$1.6B n/a n/a
$1.6B 8.7x n/a
$1.6B n/a n/a
$1.6B 3.9x n/a
$1.6B n/a n/a
$1.6B 3.1x n/a
$1.6B n/a n/a
$1.5B n/a n/a
$1.5B 2.1x n/a
$1.5B 5.3x n/a
$1.5B 1.3x n/a
$1.5B 11.5x n/a
$1.5B n/a n/a
$1.4B n/a n/a
$1.4B 9.5x n/a
$1.4B 11.7x n/a
$1.4B 8.1x n/a
$1.4B n/a n/a
$1.3B 4.4x n/a
$1.3B 2.1x 5.6x
$1.3B n/a n/a
$1.3B 3.5x n/a
$1.3B 3.8x n/a
$1.3B n/a n/a
$1.3B n/a n/a
$1.3B 5.8x n/a
$1.3B 5.3x n/a
$1.3B 4.0x n/a
$1.2B 4.6x n/a
$1.2B 4.2x n/a
$1.2B n/a n/a
$1.2B n/a n/a
$1.2B 4.7x n/a
$1.2B 7.4x n/a
$1.2B n/a n/a
$1.2B 2.2x n/a
$1.1B n/a n/a
$1.1B 13.5x n/a
$1.1B 5.4x n/a
$1.1B 2.7x n/a
$1.1B 4.6x n/a
$1.1B 4.9x n/a
$1.1B 4.1x n/a
$1.1B 4.2x n/a
$1.1B n/a n/a
$1.1B 4.0x n/a
$1.1B n/a n/a
$1.1B 7.9x n/a
$1.0B 7.9x n/a
$1.0B n/a n/a
$1.0B 8.1x n/a
$1.0B 3.5x n/a
$1.0B n/a n/a
$1.0B 3.2x n/a
$1.0B n/a n/a
$1.0B 1.6x n/a
$1.0B 5.9x n/a
$1.0B 3.9x n/a
$991M 3.5x n/a
$986M 3.5x n/a
$960M 3.6x n/a
$943M 5.7x n/a
$928M 3.0x n/a
$909M 7.7x n/a
$909M 3.9x n/a
$882M 3.8x n/a
$864M 2.7x n/a
$862M 5.0x n/a
$857M 6.2x n/a
$856M 3.2x n/a
$848M 5.0x n/a
$842M 4.5x n/a
$831M n/a n/a
$829M 8.2x n/a
$826M 3.6x n/a
$818M n/a n/a
$817M 3.3x n/a
$809M 3.3x n/a
$799M 5.7x n/a
$797M 3.5x n/a
$788M 4.5x n/a
$783M 3.8x n/a
$782M 5.3x n/a
$781M 2.6x n/a
$766M n/a n/a
$757M 5.4x n/a
$750M 4.0x n/a
$750M 3.6x n/a
$736M 0.8x 1.8x
$733M 5.4x n/a
$722M 1.2x n/a
$721M 4.4x n/a
$706M 3.0x n/a
$699M 3.2x n/a
$695M 5.0x n/a
$687M 3.6x n/a
$680M n/a n/a
$674M 5.6x n/a
$672M 4.3x n/a
$672M 4.1x n/a
$671M 3.5x n/a
$669M n/a n/a
$656M 14.8x n/a
$656M 3.5x n/a
$654M 2.5x n/a
$652M 7.9x n/a
$637M 6.9x n/a
$637M n/a n/a
$628M 5.7x n/a
$627M 3.8x n/a
$622M n/a n/a
$614M n/a n/a
$610M 6.0x n/a
$605M 4.1x n/a
$603M 11.3x n/a
$599M 9.6x n/a
$595M 4.7x n/a
$579M 4.0x n/a
$579M 9.1x n/a
$578M 3.8x n/a
$578M 5.1x n/a
$570M 2.5x n/a
$570M n/a n/a
$569M 3.1x n/a
$567M 12.4x n/a
$563M 12.4x n/a
$561M 4.1x n/a
$559M 3.8x n/a
$552M n/a n/a
$540M 5.4x n/a
$526M n/a n/a
$515M 11.9x n/a
$513M 1.4x n/a
$506M 3.3x n/a
$497M n/a n/a
$496M 1.7x n/a
$494M 4.9x n/a
$494M 4.5x n/a
$489M 3.8x n/a
$468M 5.3x n/a
$459M 4.9x n/a
$454M 4.8x n/a
$447M 5.7x n/a
$444M 3.0x n/a
$440M 3.9x n/a
$436M n/a n/a
$434M 3.6x n/a
$430M 4.3x n/a
$426M 6.3x n/a
$415M 3.8x n/a
$413M 4.1x n/a
$412M n/a n/a
$407M n/a n/a
$407M n/a n/a
$407M n/a n/a
$405M n/a n/a
$403M 3.8x n/a
$399M 3.5x n/a
$395M 1.1x n/a
$389M 3.3x n/a
$388M 2.9x n/a
$386M 4.5x n/a
$384M n/a n/a
$384M 2.7x n/a
$371M n/a n/a
$370M 5.1x n/a
$366M n/a n/a
$366M 3.0x n/a
$361M 2.6x n/a
$360M 3.4x n/a
$358M 1.6x n/a
$357M 4.4x n/a
$355M 4.8x n/a
$344M 1.6x n/a
$339M 3.7x n/a
$338M 3.8x n/a
$336M n/a n/a
$336M n/a n/a
$334M n/a n/a
$318M 3.5x n/a
$315M 3.6x n/a
$315M 8.0x n/a
$310M 4.2x n/a
$306M 8.7x n/a
$303M n/a n/a
$302M n/a n/a
$300M 16.8x n/a
$296M 9.0x n/a
$296M n/a n/a
$288M n/a n/a
$286M n/a n/a
$284M n/a n/a
$279M 4.7x n/a
$277M n/a n/a
$274M 3.0x n/a
$274M 9.7x n/a
$273M 2.8x n/a
$270M 3.6x n/a
$269M 3.8x n/a
$266M 4.7x n/a
$266M 4.1x n/a
$266M 3.3x n/a
$263M n/a n/a
$262M 4.0x n/a
$247M 3.0x n/a
$239M n/a n/a
$238M 4.5x n/a
$235M n/a n/a
$235M n/a n/a
$223M 3.7x n/a
$222M n/a n/a
$222M 6.5x n/a
$221M 3.0x n/a
$213M n/a n/a
$212M n/a n/a
$207M 3.8x n/a
$206M 13.2x n/a
$201M 3.8x n/a
$200M n/a n/a
$196M n/a n/a
$193M 4.3x n/a
$187M n/a n/a
$187M n/a n/a
$186M 3.3x n/a
$186M 11.2x n/a
$185M 3.4x n/a
$184M 6.3x n/a
$179M n/a n/a
$179M n/a n/a
$178M n/a n/a
$165M n/a n/a
$155M n/a n/a
$155M n/a n/a
$152M n/a n/a
$151M n/a n/a
$147M n/a n/a
$142M n/a n/a
$138M 2.0x n/a
$130M n/a n/a
$127M 0.5x 0.7x
$118M 9.0x n/a
$116M 6.4x n/a
$112M n/a n/a
$110M n/a n/a
$105M n/a n/a
$104M n/a n/a
$104M n/a n/a
$103M n/a n/a
$99.1M n/a n/a
$98.0M n/a n/a
$97.4M n/a n/a
$92.0M 4.3x n/a
$90.1M n/a n/a
$90.1M n/a n/a
$86.4M n/a n/a
$82.6M n/a n/a
$80.9M n/a n/a
$79.2M n/a n/a
$77.4M n/a n/a
$75.8M n/a n/a
$74.7M n/a n/a
$69.2M 0.0x 0.0x
$67.3M n/a n/a
$63.8M n/a n/a
$63.2M n/a n/a
$55.2M n/a n/a
$52.0M n/a n/a
$36.8M 2.0x -23.9x
$27.2M n/a n/a
$17.7M n/a n/a
-$167M n/a n/a
-$279M n/a n/a
-$1.7B n/a n/a
-$2.1B -1.1x -2.7x

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