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	$1.06T	6.0x	n/a
Bank of America	$623B	6.0x	n/a
Wells Fargo	$536B	6.5x	n/a
China Construction Bank	$532B	5.3x	n/a
ICBC China	$522B	4.8x	n/a
Royal Bank of Canada	$507B	12.0x	n/a
Bank Of China	$495B	5.7x	n/a
Agricultural Bank of China	$485B	4.9x	n/a
Citigroup	$470B	5.7x	n/a
Santander	$376B	5.6x	n/a
MUFG	$300B	8.9x	n/a
Commonwealth Bank	$291B	16.5x	n/a
Scotiabank	$279B	11.3x	n/a
TD Bank	$278B	7.6x	n/a
Shanghai Pudong Development Bank	$277B	11.7x	n/a
UBS	$265B	5.8x	n/a
Industrial Bank China	$263B	9.0x	n/a
Nordea	$258B	19.0x	n/a
Bank of Montreal	$258B	10.8x	n/a
BNP Paribas	$250B	4.7x	n/a
HDFC Bank	$236B	12.0x	n/a
ING Group	$224B	9.3x	n/a
China Everbright Bank	$222B	11.9x	n/a
China CITIC Bank	$219B	7.4x	n/a
Bank of Communications	$208B	5.8x	n/a
Credit Agricole	$202B	6.9x	n/a
Intesa Sanpaolo	$202B	6.9x	n/a
Handelsbanken	$201B	33.1x	n/a
Westpac	$184B	13.2x	n/a
China Merchants Bank	$175B	3.8x	n/a
SMBC Group	$170B	6.1x	n/a
State Bank of India	$166B	6.5x	n/a
Industrial Bank of Korea	$162B	28.8x	n/a
UniCredit	$162B	6.1x	n/a
HSBC	$159B	2.4x	n/a
CMBC	$158B	8.6x	n/a
ANZ Group Holdings	$152B	11.1x	n/a
Canadian Imperial Bank	$148B	7.9x	n/a
National Australia Bank	$143B	11.1x	n/a
ICICI Bank	$134B	10.5x	n/a
Sumitomo Mitsui Trust Bank	$134B	24.9x	n/a
Ping An Bank	$132B	6.6x	n/a
U.S. Bank	$131B	4.7x	n/a
Danske Bank	$131B	16.2x	n/a
DNB Bank	$131B	15.9x	n/a
DBS Bank	$129B	7.7x	n/a
Bank Of Jiangsu	$128B	11.4x	n/a
Huaxia Bank	$125B	10.0x	n/a
PNC Financial Services	$122B	5.6x	n/a
Shinhan Financial Group	$110B	11.0x	n/a
CaixaBank	$107B	6.4x	n/a
Swedbank	$107B	15.0x	n/a
Capital One	$107B	2.7x	n/a
KB Financial Group	$106B	9.1x	n/a
Bank Of Ningbo	$105B	11.2x	n/a
Truist	$105B	6.7x	n/a
Itaú Unibanco	$104B	3.5x	n/a
BBVA	$102B	2.7x	n/a
Barclays	$98.0B	2.8x	n/a
SEB Group	$97.1B	12.2x	n/a
Al Rajhi Bank	$93.8B	10.5x	n/a
BNY Mellon	$93.6B	5.0x	n/a
National Bank of Canada	$91.1B	10.5x	n/a
Deutsche Bank	$87.5B	2.7x	n/a
Bank Of Beijing	$87.3B	9.2x	n/a
Commerzbank	$85.9B	7.0x	n/a
Bank of Shanghai	$84.1B	11.9x	n/a
ABN AMRO Bank	$81.4B	8.6x	n/a
Erste Group	$80.7B	6.8x	n/a
Bank Of Nanjing	$80.7B	11.5x	n/a
Saudi National Bank	$79.3B	8.1x	n/a
Lloyds Banking Group	$75.6B	3.3x	n/a
China Zheshang Bank	$75.1B	8.0x	n/a
United Overseas Bank	$72.1B	6.7x	n/a
Hana Financial Group	$71.1B	9.6x	n/a
Oversea-Chinese Banking	$70.7B	6.5x	n/a
Postal Savings Bank	$69.7B	1.4x	n/a
Jyske Bank	$67.2B	34.8x	n/a
Axis Bank	$64.6B	6.9x	n/a
ORIX	$63.4B	3.2x	23.1x
Shinkin Central Bank	$63.2B	n/a	n/a
Banco Bradesco	$61.7B	2.9x	n/a
Bank Central Asia	$61.4B	9.3x	n/a
Qatar National Bank	$61.4B	5.4x	n/a
Macquarie Group	$60.5B	5.6x	n/a
First Citizens Bank	$60.0B	6.3x	n/a
Kotak Mahindra Bank	$57.7B	12.2x	n/a
Woori Financial Group	$56.8B	7.9x	n/a
Resona Holdings	$56.6B	12.5x	n/a
Bank Of Hangzhou	$56.5B	10.8x	n/a
Emirates NBD	$54.8B	4.5x	n/a
Bank of China (Hong Kong)	$49.5B	5.4x	n/a
Nubank	$49.0B	4.2x	n/a
Alinma Bank	$46.3B	15.4x	n/a
First Abu Dhabi Bank	$45.3B	5.2x	n/a
Mediobanca	$43.4B	11.0x	n/a
Kuwait Finance House	$43.3B	8.2x	n/a
Fifth Third Bank	$43.1B	5.0x	n/a
M&T Bank	$41.9B	4.5x	n/a
Bank Rakyat Indonesia	$41.6B	3.4x	n/a
KBC Group	$39.9B	3.3x	n/a
Banco BPM	$39.8B	6.5x	n/a
Standard Chartered	$38.6B	1.9x	n/a
Bank Mandiri	$38.4B	4.3x	n/a
Huntington Bank	$37.2B	4.9x	n/a
Banco Sabadell	$36.6B	5.4x	n/a
Société Générale	$34.4B	1.2x	n/a
Abu Dhabi Commercial Bank	$34.2B	6.4x	n/a
Maybank	$34.2B	4.8x	n/a
NatWest Group	$32.4B	1.7x	n/a
İşbank	$32.1B	6.3x	n/a
KeyCorp	$31.8B	5.9x	n/a
National Bank of Kuwait	$31.7B	7.7x	n/a
Ally Financial	$31.3B	3.8x	3.8x
Raiffeisen Bank	$31.1B	3.8x	n/a
Shanghai Rural Commercial Bank	$30.5B	n/a	n/a
Bank of Baroda	$30.4B	4.2x	n/a
Citizens Financial Group	$29.7B	3.8x	n/a
Chongqing Rural Commercial Bank	$29.7B	7.6x	n/a
Riyad Bank	$29.4B	6.2x	n/a
Bank Leumi	$29.1B	4.7x	n/a
Chiba Bank	$29.1B	22.3x	n/a
PKO Bank Polski	$28.9B	3.9x	n/a
Bank of Chengdu	$28.1B	8.8x	n/a
Banorte	$27.8B	3.7x	n/a
CTBC Financial Holding	$27.7B	5.0x	n/a
Banco De Chile	$26.8B	8.1x	n/a
Bawag Group	$25.7B	13.4x	n/a
Concordia Financial Group	$25.6B	14.6x	n/a
Regions Bank	$25.4B	3.5x	n/a
Hang Seng Bank	$23.8B	4.5x	n/a
Bank of Ireland	$23.7B	5.2x	n/a
OTP Bank	$23.7B	3.3x	n/a
Punjab National Bank	$23.3B	3.4x	n/a
BTG Pactual	$23.2B	n/a	n/a
Bank Hapoalim	$23.0B	3.9x	n/a
Luzerner Kantonalbank	$22.9B	31.1x	n/a
CIMB Group	$22.3B	4.4x	n/a
Santander Chile	$22.1B	7.5x	n/a
Mizrahi-Tefahot Bank	$22.0B	5.5x	n/a
AIB Group	$22.0B	4.3x	n/a
Banco de Crédito del Perú	$21.8B	5.1x	n/a
Banco Bci	$21.7B	7.2x	n/a
Bank of India	$21.6B	6.6x	n/a
Mizuho Financial Group	$21.6B	1.2x	n/a
BPER Banca	$21.4B	3.6x	n/a
Credicorp	$21.3B	3.8x	n/a
Public Bank	$21.3B	6.6x	n/a
Santander Brasil	$21.2B	1.5x	n/a
SCB X	$21.0B	4.2x	n/a
Dubai Islamic Bank	$20.8B	5.9x	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
Vietcombank	$20.4B	7.4x	n/a
Canara Bank	$20.3B	3.0x	n/a
Krung Thai Bank	$19.9B	4.3x	n/a
Banque Cantonale Vaudoise	$19.9B	15.3x	n/a
Mega Financial Holding Co	$19.7B	8.3x	n/a
Qatar Islamic Bank	$19.4B	6.8x	n/a
BIDV	$19.2B	5.9x	n/a
Capitec Bank	$19.1B	8.2x	n/a
Eurobank Ergasias Servs	$19.1B	5.5x	n/a
Flagstar Bank	$19.1B	7.8x	n/a
Yapi Kredi	$17.9B	4.4x	n/a
Standard Bank Group	$17.0B	1.7x	n/a
Scotiabank Chile	$16.6B	n/a	n/a
Abu Dhabi Islamic Bank	$16.5B	5.6x	n/a
Attijariwafa Bank	$16.4B	4.5x	n/a
Firstrand	$16.2B	2.1x	n/a
Absa Group	$16.2B	2.7x	n/a
Bank Pekao S.A.	$16.0B	3.9x	n/a
Kasikornbank	$16.0B	2.8x	n/a
Garanti BBVA	$15.9B	2.2x	n/a
Banque Saudi Fransi	$15.7B	6.0x	n/a
Bancolombia	$15.7B	2.6x	n/a
Inbursa	$15.6B	5.4x	n/a
Techcombank	$15.3B	7.9x	n/a
Millennium bcp	$15.2B	3.9x	n/a
VietinBank	$15.0B	4.5x	n/a
Taiwan Cooperative Bank	$14.9B	n/a	n/a
Hua Nan Financial Holdings	$14.9B	n/a	n/a
E. Sun Financial	$14.8B	6.4x	n/a
Banco de Oro	$14.7B	3.1x	n/a
Bank of the Philippine Islands	$14.6B	4.8x	n/a
Commercial Bank Qatar	$14.5B	11.2x	n/a
Yes Bank	$14.4B	8.4x	n/a
Bankinter	$14.3B	4.6x	n/a
EQB	$14.3B	15.9x	n/a
Union Bank of India	$14.3B	2.2x	n/a
Bank of Queensland	$14.1B	13.7x	n/a
Mashreqbank	$14.1B	3.9x	n/a
First Financial Holding	$14.1B	6.7x	n/a
Halkbank	$14.0B	4.9x	n/a
Western Alliance Bank	$13.9B	4.3x	n/a
Comerica	$13.8B	4.2x	n/a
Itaú Chile	$13.6B	7.7x	n/a
Valiant Holding	$13.6B	21.9x	n/a
Bank Negara Indonesia	$13.6B	3.5x	n/a
Banca Monte dei Paschi	$13.3B	3.1x	n/a
East West Bank	$13.1B	4.9x	n/a
Oberbank	$13.1B	n/a	n/a
Arab National	$12.9B	5.0x	n/a
St.Galler Kantonalbank	$12.8B	19.9x	n/a
Indian Overseas Bank	$12.8B	n/a	n/a
National Bank of Greece	$12.7B	4.3x	n/a
Bank Albilad	$12.7B	8.3x	n/a
Indian Bank	$12.2B	3.1x	n/a
Bank Of Ayudhya	$12.2B	2.7x	n/a
IDBI Bank	$12.1B	n/a	n/a
Komerční banka	$12.1B	7.5x	n/a
Military Commercial	$12.0B	5.3x	n/a
Berner Kantonalbank	$11.7B	n/a	n/a
FinecoBank	$11.6B	8.3x	n/a
Grupo Financiero Galicia	$11.5B	1.6x	n/a
VPBank	$11.5B	4.5x	n/a
IndusInd Bank	$11.4B	3.2x	n/a
First Horizon Bank	$11.4B	3.5x	n/a
Old National	$11.3B	5.5x	n/a
Wintrust	$11.2B	4.5x	n/a
Bendigo and Adelaide Bank	$11.0B	9.0x	n/a
Thurgauer Kantonalbank	$11.0B	23.1x	n/a
Banca Popolare di Sondrio	$10.8B	6.1x	n/a
Webster Financial	$10.6B	3.9x	n/a
IDFC First Bank	$10.5B	3.4x	n/a
Boubyan Bank	$10.4B	12.6x	n/a
Banca Mediolanum	$10.4B	4.4x	n/a
Banco General Panamá	$10.2B	n/a	n/a
Taishin Holdings	$10.1B	5.3x	n/a
mBank	$10.0B	3.4x	n/a
Basellandschaftliche	$10.0B	n/a	n/a
Hong Leong Bank	$9.8B	7.0x	n/a
Zions Bank	$9.7B	3.0x	n/a
Piraeus Bank	$9.7B	3.3x	n/a
Banca Transilvania	$9.6B	4.4x	n/a
SinoPac Financial Holdings	$9.5B	4.9x	n/a
Unicaja Banco	$9.5B	4.4x	n/a
Pinnacle Financial Partners	$9.4B	5.1x	n/a
Prosperity Bank	$9.4B	7.7x	n/a
Federal Bank	$9.2B	5.9x	n/a
Davivienda	$9.1B	3.3x	n/a
Credito Emiliano	$8.8B	4.1x	n/a
BOK Financial	$8.8B	4.3x	n/a
TMBThanachart Bank	$8.7B	4.3x	n/a
Graubuendner Kantonalbank	$8.7B	14.5x	n/a
Metrobank	$8.7B	3.4x	n/a
SouthState	$8.6B	4.4x	n/a
Shanghai Commercial & Savings Bank	$8.6B	5.5x	n/a
Masraf Al Rayan	$8.5B	8.8x	n/a
Valley National Bank	$8.4B	4.4x	n/a
ING Bank Śląski	$8.1B	2.7x	n/a
Toyota Financial	$8.0B	26.2x	n/a
First National Bank	$8.0B	4.9x	n/a
Banco ABC Brasil	$7.9B	15.3x	n/a
Synovus	$7.9B	3.4x	n/a
Αlpha Services and Holdings	$7.8B	3.4x	n/a
Nedbank Group	$7.8B	1.9x	n/a
Banque Centrale Populaire	$7.7B	2.9x	n/a
UCO	$7.7B	n/a	n/a
Banco de Bogotá	$7.7B	4.4x	n/a
Commercial Bank of Dubai	$7.7B	5.1x	n/a
Zuger	$7.4B	n/a	n/a
Frost Bank	$7.3B	3.4x	n/a
Chang Hwa Bank	$7.2B	n/a	n/a
Banque Cantonale de	$7.1B	10.6x	n/a
Commerce Bank	$7.0B	4.2x	n/a
Bank of Africa	$7.0B	3.6x	n/a
Empresa General de Inversiones	$7.0B	n/a	n/a
Popular Bank	$7.0B	2.3x	n/a
MBH Bank	$6.8B	n/a	n/a
Central Bank of India	$6.8B	n/a	n/a
Sabancı Holding	$6.8B	1.3x	n/a
KakaoBank	$6.7B	7.0x	n/a
Kyoto Financial Group	$6.7B	7.9x	n/a
UMB Bank	$6.7B	3.6x	n/a
Banco Macro	$6.6B	1.6x	n/a
Zagrebačka banka	$6.6B	n/a	n/a
Bank Syariah Indonesia	$6.6B	4.5x	n/a
First International Bank of Israel	$6.5B	3.6x	n/a
Bank Muscat	$6.5B	n/a	n/a
Intercorp Financial Services	$6.5B	3.9x	21.3x
Yuanta Financial Holdings	$6.5B	2.8x	n/a
Cembra Money Bank	$6.5B	10.4x	n/a
Commercial Bank Of Kuwait	$6.4B	n/a	n/a
Glacier Bank	$6.3B	7.2x	n/a
Dukhan Bank	$6.3B	8.3x	n/a
AmBank Group	$6.2B	5.6x	n/a
Gulf Bank	$6.1B	9.3x	n/a
Grupo Security	$6.1B	n/a	n/a
Associated Bank	$6.1B	4.5x	n/a
Bank Millennium	$6.1B	3.7x	n/a
Home BancShares	$6.0B	5.9x	n/a
RHB Bank	$6.0B	3.1x	n/a
Basler Kantonalbank	$6.0B	n/a	n/a
Freedom Holding	$6.0B	n/a	n/a
BankUnited	$5.9B	5.6x	n/a
Bank of Maharashtra	$5.8B	n/a	n/a
AU Small Finance Bank	$5.8B	4.8x	12.8x
CIBanco	$5.7B	28.8x	32.3x
Bladex	$5.7B	18.4x	n/a
Banca Generali	$5.6B	5.4x	n/a
Walliser	$5.6B	n/a	n/a
BBVA Peru	$5.6B	n/a	n/a
Bank OZK	$5.5B	3.3x	n/a
RAKBANK	$5.5B	4.2x	n/a
WaFd Bank	$5.2B	7.4x	n/a
Commercial International Bank Egypt	$5.2B	2.5x	n/a
Taiwan Business Bank	$5.2B	n/a	n/a
United Bank	$5.2B	4.8x	n/a
Cadence Bank	$5.2B	2.9x	n/a
Bank AlJazira	$5.1B	4.9x	n/a
Qatar International Islamic Bank	$5.0B	8.9x	n/a
Hancock Whitney	$5.0B	3.4x	n/a
Sharjah Islamic Bank	$5.0B	8.2x	n/a
Banc of California	$4.9B	4.7x	n/a
BBVA Argentina	$4.9B	1.5x	n/a
Banca Ifis	$4.8B	6.3x	n/a
Interbank Perú	$4.8B	n/a	n/a
Sydbank	$4.7B	4.5x	n/a
Texas Capital Bank	$4.7B	4.1x	n/a
VakifBank	$4.6B	0.9x	n/a
Arab Bank	$4.6B	1.6x	n/a
Avanza Bank Holding	$4.6B	11.7x	n/a
First Financial Bank	$4.6B	8.1x	n/a
EFG International	$4.5B	2.7x	n/a
Scotiabank Peru	$4.4B	n/a	n/a
First Interstate Bank	$4.4B	4.3x	n/a
Van Lanschot Kempen	$4.3B	5.6x	n/a
Banco Azteca	$4.3B	n/a	n/a
Provident Bank	$4.2B	5.7x	n/a
Fulton Financial	$4.2B	3.3x	n/a
Burgan Bank	$4.1B	5.4x	n/a
Al Ahli Bank Of Kuwait	$4.1B	n/a	n/a
Inter & Co	$4.1B	3.6x	n/a
Ameris	$4.0B	3.5x	n/a
Atlantic Union Bank	$3.9B	4.0x	n/a
Alior Bank	$3.9B	2.5x	n/a
Akbank	$3.8B	0.8x	n/a
ServisFirst	$3.8B	7.5x	n/a
Glarner Kantonalbank	$3.8B	34.2x	n/a
Saudi Investment Bank	$3.7B	3.3x	n/a
Banco del Bajio	$3.7B	2.9x	n/a
IBC Bank	$3.6B	n/a	n/a
Axos Financial	$3.6B	2.9x	n/a
Al Salam Bank	$3.5B	7.0x	n/a
BancFirst	$3.5B	5.5x	n/a
Community Financial Sys	$3.5B	4.5x	n/a
First Bank	$3.5B	3.6x	n/a
Bank of Hawaii	$3.4B	5.0x	n/a
First National of Nebraska	$3.4B	n/a	n/a
Bac Holding International	$3.4B	n/a	n/a
Simmons Bank	$3.4B	4.1x	n/a
GFH Financial Group	$3.2B	8.6x	n/a
National Bank of Fujairah	$3.2B	n/a	n/a
Bank of Bahrain and Kuwait	$3.2B	n/a	n/a
United Community Banks	$3.2B	3.4x	n/a
Renasant	$3.2B	4.0x	n/a
Judo Bank	$3.1B	11.9x	34.2x
WSFS Bank	$3.0B	2.9x	n/a
First Hawaiian Bank	$3.0B	3.6x	n/a
First Merchants Bank	$2.9B	4.4x	n/a
Eastern Bank	$2.9B	3.6x	n/a
National Bank of Bahrain	$2.9B	n/a	n/a
Cathay General	$2.8B	3.8x	n/a
Bank of Cyprus	$2.8B	2.5x	n/a
Spar Nord Bank	$2.8B	3.5x	n/a
CVB Financial	$2.8B	5.5x	n/a
Meezan Bank	$2.6B	2.4x	n/a
Towne Bank	$2.6B	3.6x	n/a
Banregio	$2.6B	3.1x	n/a
Park National Bank	$2.5B	4.8x	n/a
Warba Bank	$2.5B	8.5x	n/a
Bank für Tirol und Vorarlberg	$2.4B	n/a	n/a
LHV Group	$2.4B	n/a	n/a
Trustmark	$2.3B	3.0x	n/a
Seacoast Bank	$2.2B	4.1x	n/a
Bancorp	$2.2B	4.2x	n/a
FB Financial	$2.1B	4.1x	n/a
NBT Bancorp	$2.1B	3.4x	n/a
Pacific Premier Bank	$2.1B	3.4x	n/a
BKS Bank	$2.0B	n/a	n/a
Housing Bank	$2.0B	n/a	n/a
Equity Group Holdings	$1.9B	n/a	n/a
Caisse Regionale	$1.9B	n/a	n/a
Banco do Nordeste	$1.9B	n/a	n/a
Northpointe Bank	$1.7B	n/a	n/a
Citi Handlowy	$1.7B	1.5x	n/a
Illimity Bank	$1.7B	4.9x	n/a
Pathward Financial	$1.6B	2.1x	n/a
Banque Cantonale du Jura	$1.5B	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
Credit Agricole Alpes	$1.4B	n/a	n/a
BaoViet	$1.3B	0.8x	n/a
Caisse Regionale	$1.2B	n/a	n/a
Jordan Islamic Bank	$1.2B	n/a	n/a
Caisse Regionale du	$1.2B	n/a	n/a
Bank Jago	$1.2B	9.5x	n/a
Live Oak Bank	$1.2B	2.3x	n/a
Stopanska Banka	$1.1B	n/a	n/a
Credit Agricole	$1.1B	n/a	n/a
Nabil Invest	$1.0B	n/a	n/a
NewtekOne	$998M	3.7x	n/a
Grupo Assa	$998M	n/a	n/a
ProCredit Holding	$971M	2.1x	n/a
Crédit Agricole Nord	$887M	n/a	n/a
Credit Agricole	$871M	n/a	n/a
First National Bank of Long Island	$697M	7.8x	n/a
Moneta Money Bank	$697M	1.2x	n/a
Credit Agricole	$659M	n/a	n/a
First Internet Bank	$600M	4.3x	n/a
Crédit Agricole Loire	$542M	n/a	n/a
Himalayan Bank	$456M	n/a	n/a
Bank Ochrony Środowiska	$438M	n/a	n/a
Addiko Bank	$425M	1.3x	n/a
Butterfield Group	$424M	0.7x	n/a
Credit Agricole du	$380M	n/a	n/a
CA Toulouse 31 CCI	$380M	n/a	n/a
VersaBank	$372M	4.4x	n/a
Crédit Agricole	$325M	n/a	n/a
Fino Payments Bank	$294M	1.4x	n/a
Morrow Bank	$239M	1.9x	n/a
BankProv	$239M	4.1x	n/a
FinWise	$188M	2.2x	n/a
Chain Bridge Bank	$157M	3.0x	n/a
Wiener Privatbank	$81.7M	n/a	n/a
Nuernberger Beteiligungs	-$87.6M	n/a	n/a
Banco Invex	-$1.5B	-32.9x	n/a
Banco do Brasil	-$4.8B	-0.2x	n/a
Wise	-$8.6B	-4.4x	-12.6x
Japan Post Bank	-$13.8B	-2.0x	n/a
Japan Post Holdings	-$20.6B	-0.3x	-3.8x