Commercial Banking Valuation Multiples and Public Comps

Commercial Banking

See analyst estimates and all valuation multiples for Commercial Banking

Company	EV	EV/Revenue	EV/EBITDA
JPMorgan Chase	$1.05T	5.9x	n/a
Bank of America	$649B	6.3x	n/a
Wells Fargo	$543B	6.6x	n/a
China Construction Bank	$540B	5.4x	n/a
ICBC China	$536B	4.9x	n/a
Royal Bank of Canada	$511B	12.0x	n/a
Bank Of China	$505B	5.8x	n/a
Agricultural Bank of China	$498B	5.1x	n/a
Citigroup	$481B	5.9x	n/a
Santander	$381B	5.7x	n/a
MUFG	$303B	8.9x	n/a
Commonwealth Bank	$298B	16.9x	n/a
TD Bank	$281B	7.7x	n/a
Scotiabank	$281B	11.4x	n/a
Shanghai Pudong Development Bank	$280B	11.8x	n/a
Nordea	$267B	19.8x	n/a
Industrial Bank China	$265B	9.0x	n/a
Bank of Montreal	$259B	10.9x	n/a
UBS	$258B	5.7x	n/a
BNP Paribas	$256B	4.8x	n/a
HDFC Bank	$245B	12.4x	n/a
ING Group	$226B	9.3x	n/a
China Everbright Bank	$223B	12.0x	n/a
China CITIC Bank	$222B	7.5x	n/a
Bank of Communications	$210B	5.9x	n/a
Intesa Sanpaolo	$206B	7.1x	n/a
Credit Agricole	$205B	7.0x	n/a
Handelsbanken	$202B	33.3x	n/a
Westpac	$186B	13.4x	n/a
China Merchants Bank	$179B	3.8x	n/a
SMBC Group	$174B	6.2x	n/a
State Bank of India	$170B	6.6x	n/a
HSBC	$170B	2.6x	n/a
UniCredit	$168B	6.3x	n/a
Industrial Bank of Korea	$162B	28.7x	n/a
CMBC	$158B	8.6x	n/a
ANZ Group Holdings	$154B	11.3x	n/a
Canadian Imperial Bank	$150B	8.0x	n/a
National Australia Bank	$145B	11.2x	n/a
U.S. Bank	$143B	5.2x	n/a
ICICI Bank	$142B	11.1x	n/a
DBS Bank	$135B	8.1x	n/a
Sumitomo Mitsui Trust Bank	$134B	25.0x	n/a
Huaxia Bank	$134B	10.6x	n/a
Danske Bank	$133B	16.4x	n/a
Ping An Bank	$132B	6.6x	n/a
DNB Bank	$132B	16.1x	n/a
Bank Of Jiangsu	$129B	11.5x	n/a
PNC Financial Services	$121B	5.5x	n/a
Shinhan Financial Group	$111B	11.0x	n/a
CaixaBank	$110B	6.5x	n/a
Truist	$109B	7.0x	n/a
Swedbank	$108B	15.1x	n/a
KB Financial Group	$108B	9.2x	n/a
Capital One	$107B	2.7x	n/a
Bank Of Ningbo	$106B	11.3x	n/a
BBVA	$106B	2.8x	n/a
Itaú Unibanco	$105B	3.5x	n/a
Barclays	$102B	2.9x	n/a
SEB Group	$98.4B	12.3x	n/a
Al Rajhi Bank	$93.9B	10.5x	n/a
BNY Mellon	$92.7B	4.9x	n/a
National Bank of Canada	$91.7B	10.6x	n/a
Bank Of Beijing	$91.5B	9.4x	n/a
Deutsche Bank	$90.4B	2.8x	n/a
Commerzbank	$86.6B	7.1x	n/a
Bank of Shanghai	$85.3B	12.0x	n/a
ABN AMRO Bank	$82.2B	8.7x	n/a
Erste Group	$82.2B	6.9x	n/a
Bank Of Nanjing	$81.2B	11.6x	n/a
Saudi National Bank	$80.0B	8.1x	n/a
Lloyds Banking Group	$78.3B	3.4x	n/a
United Overseas Bank	$75.0B	7.0x	n/a
China Zheshang Bank	$75.0B	8.0x	n/a
Oversea-Chinese Banking	$73.9B	6.8x	n/a
Hana Financial Group	$71.7B	9.7x	n/a
Postal Savings Bank	$71.7B	1.5x	n/a
Axis Bank	$69.0B	7.4x	n/a
Jyske Bank	$67.4B	35.0x	n/a
ORIX	$64.5B	3.3x	23.5x
Shinkin Central Bank	$63.4B	n/a	n/a
Bank Central Asia	$63.1B	9.5x	n/a
Banco Bradesco	$62.1B	2.9x	n/a
Qatar National Bank	$61.9B	5.4x	n/a
First Citizens Bank	$60.9B	6.4x	n/a
Macquarie Group	$60.7B	5.6x	n/a
Kotak Mahindra Bank	$59.5B	12.5x	n/a
Woori Financial Group	$57.2B	8.0x	n/a
Resona Holdings	$57.1B	12.6x	n/a
Bank Of Hangzhou	$56.4B	10.5x	n/a
Emirates NBD	$54.9B	4.5x	n/a
Nubank	$51.3B	4.3x	n/a
Bank of China (Hong Kong)	$49.9B	5.4x	n/a
Alinma Bank	$46.5B	15.5x	n/a
First Abu Dhabi Bank	$46.4B	5.3x	n/a
Fifth Third Bank	$44.9B	5.2x	n/a
Mediobanca	$44.5B	11.2x	n/a
Kuwait Finance House	$43.1B	8.1x	n/a
Bank Rakyat Indonesia	$41.6B	3.4x	n/a
KBC Group	$41.0B	3.4x	n/a
Banco BPM	$41.0B	6.7x	n/a
Huntington Bank	$40.7B	5.4x	n/a
Standard Chartered	$40.6B	2.0x	n/a
M&T Bank	$40.5B	4.3x	n/a
Banco Sabadell	$37.3B	5.5x	n/a
Société Générale	$36.4B	1.3x	n/a
Bank Mandiri	$35.6B	4.0x	n/a
NatWest Group	$35.3B	1.8x	n/a
Abu Dhabi Commercial Bank	$34.9B	6.5x	n/a
Maybank	$34.7B	4.9x	n/a
KeyCorp	$33.1B	6.1x	n/a
National Bank of Kuwait	$32.2B	7.8x	n/a
İşbank	$32.1B	6.4x	n/a
Ally Financial	$31.8B	3.9x	3.9x
Raiffeisen Bank	$31.3B	3.8x	n/a
Shanghai Rural Commercial Bank	$31.0B	n/a	n/a
Bank of Baroda	$31.0B	4.3x	n/a
PKO Bank Polski	$30.2B	4.0x	n/a
Chongqing Rural Commercial Bank	$30.1B	7.7x	n/a
Bank Leumi	$30.0B	4.9x	n/a
Citizens Financial Group	$29.9B	3.8x	n/a
Chiba Bank	$29.4B	22.4x	n/a
Bank of Chengdu	$28.7B	9.0x	n/a
Banorte	$28.5B	3.8x	n/a
Riyad Bank	$28.0B	6.0x	n/a
Banco De Chile	$27.7B	8.4x	n/a
CTBC Financial Holding	$27.4B	4.9x	n/a
Bawag Group	$26.2B	13.6x	n/a
Concordia Financial Group	$26.1B	14.9x	n/a
Mizuho Financial Group	$25.3B	1.3x	n/a
Regions Bank	$25.1B	3.4x	n/a
Hang Seng Bank	$24.7B	4.7x	n/a
OTP Bank	$24.5B	3.5x	n/a
Bank Hapoalim	$24.2B	4.1x	n/a
Bank of Ireland	$24.1B	5.3x	n/a
Punjab National Bank	$23.8B	3.5x	n/a
BTG Pactual	$23.7B	n/a	n/a
CIMB Group	$22.9B	4.5x	n/a
Santander Chile	$22.9B	7.8x	n/a
Luzerner Kantonalbank	$22.8B	31.0x	n/a
Mizrahi-Tefahot Bank	$22.6B	5.7x	n/a
AIB Group	$22.3B	4.3x	n/a
Banco Bci	$22.2B	7.3x	n/a
BPER Banca	$22.1B	3.7x	n/a
Bank of India	$22.1B	6.7x	n/a
Public Bank	$21.9B	6.8x	n/a
Credicorp	$21.9B	3.9x	n/a
Santander Brasil	$21.6B	1.5x	n/a
Dubai Islamic Bank	$21.3B	6.1x	n/a
Canara Bank	$20.9B	3.0x	n/a
Banco de Crédito del Perú	$20.8B	n/a	n/a
Grupo Aval	$20.8B	5.2x	25.1x
Emirates Islamic Bank	$20.6B	n/a	n/a
Saudi Awwal Bank	$20.5B	5.4x	n/a
SCB X	$20.4B	4.0x	n/a
Banque Cantonale Vaudoise	$20.3B	15.6x	n/a
Capitec Bank	$19.9B	8.5x	n/a
Vietcombank	$19.8B	7.1x	n/a
Eurobank Ergasias Servs	$19.5B	5.6x	n/a
Krung Thai Bank	$19.4B	4.2x	n/a
Mega Financial Holding Co	$19.4B	8.2x	n/a
Flagstar Bank	$19.3B	7.9x	n/a
BIDV	$19.0B	5.8x	n/a
Banco de Oro	$18.9B	4.0x	n/a
Standard Bank Group	$18.3B	1.9x	n/a
Yapi Kredi	$17.6B	4.1x	n/a
Attijariwafa Bank	$17.2B	4.7x	n/a
Firstrand	$17.1B	2.2x	n/a
Bank Pekao S.A.	$16.8B	4.1x	n/a
Abu Dhabi Islamic Bank	$16.7B	5.7x	n/a
Absa Group	$16.7B	2.8x	n/a
Bancolombia	$16.6B	2.7x	n/a
Scotiabank Chile	$16.6B	n/a	n/a
Inbursa	$16.2B	5.5x	n/a
Qatar Islamic Bank	$16.0B	5.6x	n/a
Kasikornbank	$15.8B	2.7x	n/a
Banque Saudi Fransi	$15.7B	5.9x	n/a
Garanti BBVA	$15.4B	2.0x	n/a
Millennium bcp	$15.3B	4.0x	n/a
Bank of the Philippine Islands	$15.2B	5.0x	n/a
Techcombank	$15.1B	7.8x	n/a
Union Bank of India	$15.0B	2.3x	n/a
Hua Nan Financial Holdings	$14.9B	n/a	n/a
Taiwan Cooperative Bank	$14.8B	n/a	n/a
E. Sun Financial	$14.8B	6.4x	n/a
VietinBank	$14.8B	4.4x	n/a
Yes Bank	$14.8B	8.6x	n/a
Bankinter	$14.6B	4.7x	n/a
Bank of Queensland	$14.4B	14.1x	n/a
Commercial Bank Qatar	$14.3B	11.1x	n/a
EQB	$14.3B	16.0x	n/a
Western Alliance Bank	$14.2B	4.4x	n/a
Mashreqbank	$14.2B	3.9x	n/a
Comerica	$14.0B	4.3x	n/a
Halkbank	$13.9B	4.8x	n/a
East West Bank	$13.9B	5.2x	n/a
Itaú Chile	$13.8B	7.8x	n/a
Banca Monte dei Paschi	$13.8B	3.2x	n/a
First Financial Holding	$13.7B	6.5x	n/a
Valiant Holding	$13.7B	22.0x	n/a
Indian Overseas Bank	$13.3B	n/a	n/a
National Bank of Greece	$13.3B	4.5x	n/a
Oberbank	$13.1B	n/a	n/a
Indian Bank	$12.9B	3.3x	n/a
St.Galler Kantonalbank	$12.8B	19.9x	n/a
Bank Negara Indonesia	$12.8B	3.3x	n/a
Arab National	$12.8B	4.9x	n/a
Bank Albilad	$12.8B	8.2x	n/a
IDBI Bank	$12.4B	n/a	n/a
IndusInd Bank	$12.4B	3.5x	n/a
Bank Of Ayudhya	$12.3B	2.8x	n/a
First Horizon Bank	$12.0B	3.7x	n/a
FinecoBank	$12.0B	8.6x	n/a
Komerční banka	$12.0B	7.4x	n/a
Military Commercial	$11.9B	5.3x	n/a
Berner Kantonalbank	$11.7B	n/a	n/a
Old National	$11.6B	5.6x	n/a
Wintrust	$11.5B	4.6x	n/a
VPBank	$11.3B	4.4x	n/a
Grupo Financiero Galicia	$11.3B	1.6x	n/a
Banca Popolare di Sondrio	$11.1B	6.3x	n/a
Bendigo and Adelaide Bank	$11.1B	9.1x	n/a
Thurgauer Kantonalbank	$11.0B	23.2x	n/a
Webster Financial	$10.9B	4.1x	n/a
Banca Mediolanum	$10.8B	4.6x	n/a
IDFC First Bank	$10.7B	3.5x	n/a
mBank	$10.7B	3.6x	n/a
Boubyan Bank	$10.7B	12.9x	n/a
Taishin Holdings	$10.2B	5.4x	n/a
Banco General Panamá	$10.2B	n/a	n/a
Zions Bank	$10.1B	3.2x	n/a
Hong Leong Bank	$10.1B	7.1x	n/a
Basellandschaftliche	$10.0B	n/a	n/a
Piraeus Bank	$9.9B	3.4x	n/a
Pinnacle Financial Partners	$9.8B	5.3x	n/a
Unicaja Banco	$9.7B	4.5x	n/a
Banca Transilvania	$9.7B	4.4x	n/a
SinoPac Financial Holdings	$9.6B	4.9x	n/a
Prosperity Bank	$9.5B	7.7x	n/a
Federal Bank	$9.3B	6.0x	n/a
Davivienda	$9.2B	3.3x	n/a
First National Bank	$9.0B	5.5x	n/a
BOK Financial	$9.0B	4.4x	n/a
SouthState	$9.0B	4.6x	n/a
Graubuendner Kantonalbank	$9.0B	15.0x	n/a
Credito Emiliano	$8.9B	4.2x	n/a
TMBThanachart Bank	$8.6B	4.3x	n/a
ING Bank Śląski	$8.6B	2.9x	n/a
Valley National Bank	$8.6B	4.5x	n/a
Masraf Al Rayan	$8.5B	8.8x	n/a
Shanghai Commercial & Savings Bank	$8.5B	5.4x	n/a
Synovus	$8.4B	3.7x	n/a
Toyota Financial	$8.1B	26.6x	n/a
Αlpha Services and Holdings	$8.0B	3.5x	n/a
Banco ABC Brasil	$7.9B	15.3x	n/a
Nedbank Group	$7.9B	2.0x	n/a
Metrobank	$7.9B	3.1x	n/a
UCO	$7.9B	n/a	n/a
Commercial Bank of Dubai	$7.8B	5.2x	n/a
Banque Centrale Populaire	$7.8B	2.9x	n/a
Banco de Bogotá	$7.7B	n/a	n/a
Frost Bank	$7.5B	3.5x	n/a
Zuger	$7.5B	n/a	n/a
Bank Syariah Indonesia	$7.4B	5.1x	n/a
Bank of Africa	$7.4B	3.8x	n/a
Chang Hwa Bank	$7.3B	n/a	n/a
Popular Bank	$7.2B	2.4x	n/a
Commerce Bank	$7.2B	4.3x	n/a
Kyoto Financial Group	$7.1B	8.5x	n/a
Banque Cantonale de	$7.1B	10.6x	n/a
UMB Bank	$7.0B	3.7x	n/a
Central Bank of India	$7.0B	n/a	n/a
Empresa General de Inversiones	$6.9B	n/a	n/a
KakaoBank	$6.9B	7.2x	n/a
MBH Bank	$6.8B	n/a	n/a
First International Bank of Israel	$6.7B	3.7x	n/a
Sabancı Holding	$6.7B	1.3x	n/a
Banco Macro	$6.7B	1.7x	n/a
Intercorp Financial Services	$6.6B	4.0x	21.7x
Cembra Money Bank	$6.6B	10.6x	n/a
Bank Muscat	$6.5B	4.5x	n/a
Glacier Bank	$6.5B	7.4x	n/a
Commercial Bank Of Kuwait	$6.5B	n/a	n/a
Yuanta Financial Holdings	$6.5B	2.8x	n/a
Bank Millennium	$6.4B	3.9x	n/a
AmBank Group	$6.3B	5.7x	n/a
Home BancShares	$6.3B	6.1x	n/a
Dukhan Bank	$6.2B	8.3x	n/a
Associated Bank	$6.2B	4.5x	n/a
RHB Bank	$6.1B	3.1x	n/a
Freedom Holding	$6.1B	n/a	n/a
Grupo Security	$6.1B	n/a	n/a
AU Small Finance Bank	$6.1B	5.0x	13.3x
Bank of Maharashtra	$6.1B	n/a	n/a
CIBanco	$6.1B	30.5x	34.2x
Gulf Bank	$6.0B	9.1x	n/a
Zagrebačka banka	$6.0B	n/a	n/a
BankUnited	$6.0B	5.8x	n/a
Basler Kantonalbank	$6.0B	n/a	n/a
Bank OZK	$5.9B	3.6x	n/a
Banca Generali	$5.8B	5.6x	n/a
Bladex	$5.8B	18.7x	n/a
Walliser	$5.6B	n/a	n/a
RAKBANK	$5.5B	4.2x	n/a
Taiwan Business Bank	$5.5B	n/a	n/a
United Bank	$5.4B	5.1x	n/a
WaFd Bank	$5.4B	7.5x	n/a
Cadence Bank	$5.3B	2.9x	n/a
BBVA Peru	$5.3B	n/a	n/a
Commercial International Bank Egypt	$5.2B	2.5x	n/a
Bank AlJazira	$5.2B	4.9x	n/a
Banc of California	$5.1B	4.8x	n/a
Qatar International Islamic Bank	$5.0B	8.8x	n/a
Hancock Whitney	$4.9B	3.3x	n/a
Avanza Bank Holding	$4.9B	12.4x	n/a
Sydbank	$4.9B	4.6x	n/a
Banca Ifis	$4.9B	6.4x	n/a
First National of Nebraska	$4.9B	n/a	n/a
BBVA Argentina	$4.9B	1.5x	n/a
Interbank Perú	$4.8B	n/a	n/a
First Financial Bank	$4.8B	8.4x	n/a
EFG International	$4.8B	2.8x	n/a
Texas Capital Bank	$4.7B	4.1x	n/a
Arab Bank	$4.6B	n/a	n/a
Fulton Financial	$4.6B	3.6x	n/a
First Interstate Bank	$4.5B	4.5x	n/a
Van Lanschot Kempen	$4.5B	5.8x	n/a
Scotiabank Peru	$4.4B	n/a	n/a
Provident Bank	$4.3B	5.8x	n/a
VakifBank	$4.3B	0.8x	n/a
Banco Azteca	$4.3B	n/a	n/a
Inter & Co	$4.2B	3.7x	n/a
Al Ahli Bank Of Kuwait	$4.1B	n/a	n/a
Ameris	$4.1B	3.6x	n/a
Atlantic Union Bank	$4.0B	4.0x	n/a
Alior Bank	$3.9B	2.5x	n/a
Burgan Bank	$3.9B	5.1x	n/a
ServisFirst	$3.9B	7.6x	n/a
Glarner Kantonalbank	$3.8B	34.2x	n/a
IBC Bank	$3.8B	n/a	n/a
Akbank	$3.8B	0.8x	n/a
Axos Financial	$3.7B	3.0x	n/a
BancFirst	$3.7B	5.8x	n/a
Saudi Investment Bank	$3.7B	3.2x	n/a
Banco del Bajio	$3.7B	2.9x	n/a
Bank für Tirol und Vorarlberg	$3.7B	n/a	n/a
Bank of Hawaii	$3.6B	5.2x	n/a
Community Financial Sys	$3.6B	4.6x	n/a
First Bank	$3.5B	3.7x	n/a
Al Salam Bank	$3.5B	7.0x	n/a
Sharjah Islamic Bank	$3.4B	5.7x	n/a
Simmons Bank	$3.4B	4.2x	n/a
Bac Holding International	$3.4B	n/a	n/a
United Community Banks	$3.3B	3.5x	n/a
Renasant	$3.2B	4.0x	n/a
GFH Financial Group	$3.2B	8.6x	n/a
Judo Bank	$3.2B	12.1x	34.6x
National Bank of Fujairah	$3.2B	n/a	n/a
Bank of Bahrain and Kuwait	$3.2B	n/a	n/a
WSFS Bank	$3.2B	3.0x	n/a
First Hawaiian Bank	$3.1B	3.8x	n/a
First Merchants Bank	$3.0B	4.6x	n/a
Eastern Bank	$3.0B	3.7x	n/a
CVB Financial	$3.0B	5.8x	n/a
Cathay General	$2.9B	3.9x	n/a
National Bank of Bahrain	$2.9B	n/a	n/a
Spar Nord Bank	$2.8B	3.5x	n/a
Bank of Cyprus	$2.7B	2.4x	n/a
Towne Bank	$2.7B	3.7x	n/a
Banregio	$2.7B	3.3x	n/a
Warba Bank	$2.6B	8.8x	n/a
Meezan Bank	$2.6B	2.4x	n/a
Park National Bank	$2.5B	4.8x	n/a
Trustmark	$2.4B	3.1x	n/a
LHV Group	$2.4B	n/a	n/a
Seacoast Bank	$2.3B	4.3x	n/a
Bancorp	$2.3B	4.3x	n/a
NBT Bancorp	$2.1B	3.5x	n/a
Pacific Premier Bank	$2.1B	3.5x	n/a
FB Financial	$2.1B	4.0x	n/a
BKS Bank	$2.0B	n/a	n/a
Housing Bank	$2.0B	n/a	n/a
Citi Handlowy	$1.9B	1.7x	n/a
Caisse Regionale	$1.9B	n/a	n/a
Equity Group Holdings	$1.9B	1.2x	n/a
Banco do Nordeste	$1.8B	n/a	n/a
Pathward Financial	$1.7B	2.2x	n/a
Northpointe Bank	$1.7B	n/a	n/a
Illimity Bank	$1.7B	4.9x	n/a
Banque Cantonale du Jura	$1.6B	n/a	n/a
Hypothekarbank Lenzburg	$1.4B	n/a	n/a
Caisse Regionale	$1.4B	n/a	n/a
MCB Bank	$1.4B	1.9x	n/a
BaoViet	$1.4B	0.8x	n/a
Credit Agricole Alpes	$1.3B	n/a	n/a
Bank Jago	$1.3B	10.2x	n/a
Caisse Regionale	$1.3B	n/a	n/a
Jordan Islamic Bank	$1.2B	n/a	n/a
Live Oak Bank	$1.2B	2.3x	n/a
Caisse Regionale du	$1.2B	n/a	n/a
Stopanska Banka	$1.1B	n/a	n/a
Credit Agricole	$1.1B	n/a	n/a
Nabil Invest	$1.1B	n/a	n/a
Grupo Assa	$1.1B	n/a	n/a
NewtekOne	$1.0B	3.7x	n/a
ProCredit Holding	$990M	2.1x	n/a
Crédit Agricole Nord	$913M	n/a	n/a
Credit Agricole	$888M	n/a	n/a
Moneta Money Bank	$794M	1.4x	n/a
First National Bank of Long Island	$705M	7.9x	n/a
Credit Agricole	$673M	n/a	n/a
First Internet Bank	$607M	4.3x	n/a
Crédit Agricole Loire	$537M	n/a	n/a
Butterfield Group	$502M	0.9x	n/a
Himalayan Bank	$467M	n/a	n/a
Bank Ochrony Środowiska	$437M	n/a	n/a
VersaBank	$428M	5.1x	n/a
Addiko Bank	$418M	1.3x	n/a
Credit Agricole du	$391M	n/a	n/a
CA Toulouse 31 CCI	$388M	n/a	n/a
Fino Payments Bank	$336M	1.6x	n/a
Crédit Agricole	$335M	n/a	n/a
Morrow Bank	$251M	2.0x	n/a
BankProv	$242M	4.2x	n/a
FinWise	$200M	2.3x	n/a
Chain Bridge Bank	$161M	3.1x	n/a
Wiener Privatbank	$83.1M	n/a	n/a
Nuernberger Beteiligungs	-$64.1M	n/a	n/a
Banco Invex	-$1.5B	-32.6x	n/a
Banco do Brasil	-$5.2B	-0.2x	n/a
Wise	-$8.0B	-4.5x	-11.3x
Japan Post Bank	-$12.5B	-1.8x	n/a
Japan Post Holdings	-$19.4B	-0.2x	-3.6x