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Public Comps and Valuation Multiples
for Commercial Banking

Benchmark revenue and EBITDA valuation multiples for public comps like Royal Bank of Canada, Bank Of China, Citigroup, Santander and Agricultural Bank of China.

Commercial Banking

See analyst estimates and all valuation multiples for Commercial Banking
Company EV EV/Revenue EV/EBITDA
$1.05T 5.9x n/a
$649B 6.3x n/a
$543B 6.6x n/a
$540B 5.4x n/a
$536B 4.9x n/a
$511B 12.0x n/a
$505B 5.8x n/a
$498B 5.1x n/a
$481B 5.9x n/a
$381B 5.7x n/a
$303B 8.9x n/a
$298B 16.9x n/a
$281B 7.7x n/a
$281B 11.4x n/a
$280B 11.8x n/a
$267B 19.8x n/a
$265B 9.0x n/a
$259B 10.9x n/a
$258B 5.7x n/a
$256B 4.8x n/a
$245B 12.4x n/a
$226B 9.3x n/a
$223B 12.0x n/a
$222B 7.5x n/a
$210B 5.9x n/a
$206B 7.1x n/a
$205B 7.0x n/a
$202B 33.3x n/a
$186B 13.4x n/a
$179B 3.8x n/a
$174B 6.2x n/a
$170B 6.6x n/a
$170B 2.6x n/a
$168B 6.3x n/a
$162B 28.7x n/a
$158B 8.6x n/a
$154B 11.3x n/a
$150B 8.0x n/a
$145B 11.2x n/a
$143B 5.2x n/a
$142B 11.1x n/a
$135B 8.1x n/a
$134B 25.0x n/a
$134B 10.6x n/a
$133B 16.4x n/a
$132B 6.6x n/a
$132B 16.1x n/a
$129B 11.5x n/a
$121B 5.5x n/a
$111B 11.0x n/a
$110B 6.5x n/a
$109B 7.0x n/a
$108B 15.1x n/a
$108B 9.2x n/a
$107B 2.7x n/a
$106B 11.3x n/a
$106B 2.8x n/a
$105B 3.5x n/a
$102B 2.9x n/a
$98.4B 12.3x n/a
$93.9B 10.5x n/a
$92.7B 4.9x n/a
$91.7B 10.6x n/a
$91.5B 9.4x n/a
$90.4B 2.8x n/a
$86.6B 7.1x n/a
$85.3B 12.0x n/a
$82.2B 8.7x n/a
$82.2B 6.9x n/a
$81.2B 11.6x n/a
$80.0B 8.1x n/a
$78.3B 3.4x n/a
$75.0B 7.0x n/a
$75.0B 8.0x n/a
$73.9B 6.8x n/a
$71.7B 9.7x n/a
$71.7B 1.5x n/a
$69.0B 7.4x n/a
$67.4B 35.0x n/a
$64.5B 3.3x 23.5x
$63.4B n/a n/a
$63.1B 9.5x n/a
$62.1B 2.9x n/a
$61.9B 5.4x n/a
$60.9B 6.4x n/a
$60.7B 5.6x n/a
$59.5B 12.5x n/a
$57.2B 8.0x n/a
$57.1B 12.6x n/a
$56.4B 10.5x n/a
$54.9B 4.5x n/a
$51.3B 4.3x n/a
$49.9B 5.4x n/a
$46.5B 15.5x n/a
$46.4B 5.3x n/a
$44.9B 5.2x n/a
$44.5B 11.2x n/a
$43.1B 8.1x n/a
$41.6B 3.4x n/a
$41.0B 3.4x n/a
$41.0B 6.7x n/a
$40.7B 5.4x n/a
$40.6B 2.0x n/a
$40.5B 4.3x n/a
$37.3B 5.5x n/a
$36.4B 1.3x n/a
$35.6B 4.0x n/a
$35.3B 1.8x n/a
$34.9B 6.5x n/a
$34.7B 4.9x n/a
$33.1B 6.1x n/a
$32.2B 7.8x n/a
$32.1B 6.4x n/a
$31.8B 3.9x 3.9x
$31.3B 3.8x n/a
$31.0B n/a n/a
$31.0B 4.3x n/a
$30.2B 4.0x n/a
$30.1B 7.7x n/a
$30.0B 4.9x n/a
$29.9B 3.8x n/a
$29.4B 22.4x n/a
$28.7B 9.0x n/a
$28.5B 3.8x n/a
$28.0B 6.0x n/a
$27.7B 8.4x n/a
$27.4B 4.9x n/a
$26.2B 13.6x n/a
$26.1B 14.9x n/a
$25.3B 1.3x n/a
$25.1B 3.4x n/a
$24.7B 4.7x n/a
$24.5B 3.5x n/a
$24.2B 4.1x n/a
$24.1B 5.3x n/a
$23.8B 3.5x n/a
$23.7B n/a n/a
$22.9B 4.5x n/a
$22.9B 7.8x n/a
$22.8B 31.0x n/a
$22.6B 5.7x n/a
$22.3B 4.3x n/a
$22.2B 7.3x n/a
$22.1B 3.7x n/a
$22.1B 6.7x n/a
$21.9B 6.8x n/a
$21.9B 3.9x n/a
$21.6B 1.5x n/a
$21.3B 6.1x n/a
$20.9B 3.0x n/a
$20.8B n/a n/a
$20.8B 5.2x 25.1x
$20.6B n/a n/a
$20.5B 5.4x n/a
$20.4B 4.0x n/a
$20.3B 15.6x n/a
$19.9B 8.5x n/a
$19.8B 7.1x n/a
$19.5B 5.6x n/a
$19.4B 4.2x n/a
$19.4B 8.2x n/a
$19.3B 7.9x n/a
$19.0B 5.8x n/a
$18.9B 4.0x n/a
$18.3B 1.9x n/a
$17.6B 4.1x n/a
$17.2B 4.7x n/a
$17.1B 2.2x n/a
$16.8B 4.1x n/a
$16.7B 5.7x n/a
$16.7B 2.8x n/a
$16.6B 2.7x n/a
$16.6B n/a n/a
$16.2B 5.5x n/a
$16.0B 5.6x n/a
$15.8B 2.7x n/a
$15.7B 5.9x n/a
$15.4B 2.0x n/a
$15.3B 4.0x n/a
$15.2B 5.0x n/a
$15.1B 7.8x n/a
$15.0B 2.3x n/a
$14.9B n/a n/a
$14.8B n/a n/a
$14.8B 6.4x n/a
$14.8B 4.4x n/a
$14.8B 8.6x n/a
$14.6B 4.7x n/a
$14.4B 14.1x n/a
$14.3B 11.1x n/a
$14.3B 16.0x n/a
$14.2B 4.4x n/a
$14.2B 3.9x n/a
$14.0B 4.3x n/a
$13.9B 4.8x n/a
$13.9B 5.2x n/a
$13.8B 7.8x n/a
$13.8B 3.2x n/a
$13.7B 6.5x n/a
$13.7B 22.0x n/a
$13.3B n/a n/a
$13.3B 4.5x n/a
$13.1B n/a n/a
$12.9B 3.3x n/a
$12.8B 19.9x n/a
$12.8B 3.3x n/a
$12.8B 4.9x n/a
$12.8B 8.2x n/a
$12.4B n/a n/a
$12.4B 3.5x n/a
$12.3B 2.8x n/a
$12.0B 3.7x n/a
$12.0B 8.6x n/a
$12.0B 7.4x n/a
$11.9B 5.3x n/a
$11.7B n/a n/a
$11.6B 5.6x n/a
$11.5B 4.6x n/a
$11.3B 4.4x n/a
$11.3B 1.6x n/a
$11.1B 6.3x n/a
$11.1B 9.1x n/a
$11.0B 23.2x n/a
$10.9B 4.1x n/a
$10.8B 4.6x n/a
$10.7B 3.5x n/a
$10.7B 3.6x n/a
$10.7B 12.9x n/a
$10.2B 5.4x n/a
$10.2B n/a n/a
$10.1B 3.2x n/a
$10.1B 7.1x n/a
$10.0B n/a n/a
$9.9B 3.4x n/a
$9.8B 5.3x n/a
$9.7B 4.5x n/a
$9.7B 4.4x n/a
$9.6B 4.9x n/a
$9.5B 7.7x n/a
$9.3B 6.0x n/a
$9.2B 3.3x n/a
$9.0B 5.5x n/a
$9.0B 4.4x n/a
$9.0B 4.6x n/a
$9.0B 15.0x n/a
$8.9B 4.2x n/a
$8.6B 4.3x n/a
$8.6B 2.9x n/a
$8.6B 4.5x n/a
$8.5B 8.8x n/a
$8.5B 5.4x n/a
$8.4B 3.7x n/a
$8.1B 26.6x n/a
$8.0B 3.5x n/a
$7.9B 15.3x n/a
$7.9B 2.0x n/a
$7.9B 3.1x n/a
$7.9B n/a n/a
$7.8B 5.2x n/a
$7.8B 2.9x n/a
$7.7B n/a n/a
$7.5B 3.5x n/a
$7.5B n/a n/a
$7.4B 5.1x n/a
$7.4B 3.8x n/a
$7.3B n/a n/a
$7.2B 2.4x n/a
$7.2B 4.3x n/a
$7.1B 8.5x n/a
$7.1B 10.6x n/a
$7.0B 3.7x n/a
$7.0B n/a n/a
$6.9B n/a n/a
$6.9B 7.2x n/a
$6.8B n/a n/a
$6.7B 3.7x n/a
$6.7B 1.3x n/a
$6.7B 1.7x n/a
$6.6B 4.0x 21.7x
$6.6B 10.6x n/a
$6.5B 4.5x n/a
$6.5B 7.4x n/a
$6.5B n/a n/a
$6.5B 2.8x n/a
$6.4B 3.9x n/a
$6.3B 5.7x n/a
$6.3B 6.1x n/a
$6.2B 8.3x n/a
$6.2B 4.5x n/a
$6.1B 3.1x n/a
$6.1B n/a n/a
$6.1B n/a n/a
$6.1B 5.0x 13.3x
$6.1B n/a n/a
$6.1B 30.5x 34.2x
$6.0B 9.1x n/a
$6.0B n/a n/a
$6.0B 5.8x n/a
$6.0B n/a n/a
$5.9B 3.6x n/a
$5.8B 5.6x n/a
$5.8B 18.7x n/a
$5.6B n/a n/a
$5.5B 4.2x n/a
$5.5B n/a n/a
$5.4B 5.1x n/a
$5.4B 7.5x n/a
$5.3B 2.9x n/a
$5.3B n/a n/a
$5.2B 2.5x n/a
$5.2B 4.9x n/a
$5.1B 4.8x n/a
$5.0B 8.8x n/a
$4.9B 3.3x n/a
$4.9B 12.4x n/a
$4.9B 4.6x n/a
$4.9B 6.4x n/a
$4.9B n/a n/a
$4.9B 1.5x n/a
$4.8B n/a n/a
$4.8B 8.4x n/a
$4.8B 2.8x n/a
$4.7B 4.1x n/a
$4.6B n/a n/a
$4.6B 3.6x n/a
$4.5B 4.5x n/a
$4.5B 5.8x n/a
$4.4B n/a n/a
$4.3B 5.8x n/a
$4.3B 0.8x n/a
$4.3B n/a n/a
$4.2B 3.7x n/a
$4.1B n/a n/a
$4.1B 3.6x n/a
$4.0B 4.0x n/a
$3.9B 2.5x n/a
$3.9B 5.1x n/a
$3.9B 7.6x n/a
$3.8B 34.2x n/a
$3.8B n/a n/a
$3.8B 0.8x n/a
$3.7B 3.0x n/a
$3.7B 5.8x n/a
$3.7B 3.2x n/a
$3.7B 2.9x n/a
$3.7B n/a n/a
$3.6B 5.2x n/a
$3.6B 4.6x n/a
$3.5B 3.7x n/a
$3.5B 7.0x n/a
$3.4B 5.7x n/a
$3.4B 4.2x n/a
$3.4B n/a n/a
$3.3B 3.5x n/a
$3.2B 4.0x n/a
$3.2B 8.6x n/a
$3.2B 12.1x 34.6x
$3.2B n/a n/a
$3.2B n/a n/a
$3.2B 3.0x n/a
$3.1B 3.8x n/a
$3.0B 4.6x n/a
$3.0B 3.7x n/a
$3.0B 5.8x n/a
$2.9B 3.9x n/a
$2.9B n/a n/a
$2.8B 3.5x n/a
$2.7B 2.4x n/a
$2.7B 3.7x n/a
$2.7B 3.3x n/a
$2.6B 8.8x n/a
$2.6B 2.4x n/a
$2.5B 4.8x n/a
$2.4B 3.1x n/a
$2.4B n/a n/a
$2.3B 4.3x n/a
$2.3B 4.3x n/a
$2.1B 3.5x n/a
$2.1B 3.5x n/a
$2.1B 4.0x n/a
$2.0B n/a n/a
$2.0B n/a n/a
$1.9B 1.7x n/a
$1.9B n/a n/a
$1.9B 1.2x n/a
$1.8B n/a n/a
$1.7B 2.2x n/a
$1.7B n/a n/a
$1.7B 4.9x n/a
$1.6B n/a n/a
$1.4B n/a n/a
$1.4B n/a n/a
$1.4B 1.9x n/a
$1.4B 0.8x n/a
$1.3B n/a n/a
$1.3B 10.2x n/a
$1.3B n/a n/a
$1.2B n/a n/a
$1.2B 2.3x n/a
$1.2B n/a n/a
$1.1B n/a n/a
$1.1B n/a n/a
$1.1B n/a n/a
$1.1B n/a n/a
$1.0B 3.7x n/a
$990M 2.1x n/a
$913M n/a n/a
$888M n/a n/a
$794M 1.4x n/a
$705M 7.9x n/a
$673M n/a n/a
$607M 4.3x n/a
$537M n/a n/a
$502M 0.9x n/a
$467M n/a n/a
$437M n/a n/a
$428M 5.1x n/a
$418M 1.3x n/a
$391M n/a n/a
$388M n/a n/a
$336M 1.6x n/a
$335M n/a n/a
$251M 2.0x n/a
$242M 4.2x n/a
$200M 2.3x n/a
$161M 3.1x n/a
$83.1M n/a n/a
-$64.1M n/a n/a
-$1.5B -32.6x n/a
-$5.2B -0.2x n/a
-$8.0B -4.5x -11.3x
-$12.5B -1.8x n/a
-$19.4B -0.2x -3.6x

Valuation multiples as of last 12 months (LTM). Financial data powered by Morningstar, Inc.

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