Investment Banking Valuation Multiples and Public Comps

Investment Banking

See analyst estimates and all valuation multiples for Investment Banking

Company	EV	EV/LTM Revenue	EV/LTM EBITDA
JPMorgan Chase	$1.08T	6.0x	n/a
Bank of America	$742B	7.0x	n/a
Royal Bank of Canada	$565B	12.3x	n/a
Citigroup	$560B	6.7x	n/a
Bank Of China	$540B	6.1x	n/a
Santander	$506B	7.0x	n/a
Wells Fargo	$476B	5.7x	n/a
Morgan Stanley	$345B	5.3x	n/a
MUFG	$343B	3.5x	n/a
UBS	$341B	7.0x	n/a
TD Bank	$299B	7.6x	n/a
Scotiabank	$298B	11.2x	n/a
Nordea	$289B	20.7x	n/a
Bank of Montreal	$284B	11.1x	n/a
ING Group	$268B	10.2x	n/a
Goldman Sachs	$238B	4.3x	n/a
Credit Agricole	$229B	7.2x	n/a
BNP Paribas	$224B	3.8x	n/a
Deutsche Bank	$223B	6.2x	n/a
National Australia Bank	$222B	16.4x	n/a
Barclays	$218B	5.8x	n/a
Macquarie Group	$213B	18.5x	n/a
UniCredit	$200B	6.9x	n/a
BBVA	$194B	4.6x	n/a
Canadian Imperial Bank	$164B	8.1x	n/a
U.S. Bank	$158B	5.6x	n/a
Sumitomo Mitsui Trust Bank	$143B	24.8x	n/a
PNC Financial Services	$137B	6.1x	n/a
Commerzbank	$137B	10.0x	n/a
CaixaBank	$132B	7.1x	n/a
Truist	$124B	6.9x	n/a
BNY Mellon	$113B	5.9x	n/a
Al Rajhi Bank	$106B	11.3x	n/a
Guotai Junan International	$99.7B	13.7x	n/a
ABN AMRO Bank	$94.5B	9.2x	n/a
Lloyds Banking Group	$92.2B	3.8x	n/a
CITIC Securities	$84.7B	8.9x	22.7x
Mediobanca	$56.8B	13.0x	n/a
HSBC	$52.8B	0.8x	n/a
Standard Chartered	$51.2B	2.5x	n/a
Huatai Securities	$50.3B	8.6x	35.0x
GF Securities	$48.0B	12.3x	38.1x
China Securities	$47.3B	11.8x	n/a
China Merchants	$43.8B	12.4x	26.6x
China Galaxy Securities	$42.6B	8.3x	n/a
BTG Pactual	$41.2B	n/a	n/a
Shenwan Hongyuan	$38.5B	9.4x	n/a
Guosen Securities	$37.7B	12.5x	n/a
Raiffeisen Bank	$36.5B	4.1x	n/a
Société Générale	$36.2B	1.2x	n/a
Daiwa Securities Group	$30.0B	4.1x	n/a
Riyad Bank	$28.9B	6.1x	n/a
Orient Securities	$26.3B	9.1x	n/a
Mega Financial Holding Co	$24.3B	9.1x	n/a
Jefferies	$23.9B	3.5x	27.1x
State Street	$23.0B	1.7x	n/a
Santander Brasil	$22.7B	1.5x	n/a
Banco Bci	$21.5B	7.1x	n/a
Everbright Securities	$20.2B	12.1x	n/a
Firstrand	$19.9B	2.4x	n/a
China Industrial Securities	$19.7B	10.5x	n/a
Founder Securities	$18.6B	17.3x	n/a
Banco de Oro	$18.2B	3.7x	n/a
Hua Nan Financial Holdings	$17.4B	n/a	n/a
Scotiabank Chile	$15.8B	n/a	n/a
Kiwoom Securities	$14.8B	10.1x	n/a
Zhongtai Securities	$14.3B	8.6x	n/a
Tianfeng Securities Co	$14.2B	n/a	n/a
Houlihan Lokey	$13.1B	5.2x	n/a
Soochow Securities	$13.1B	7.6x	n/a
Stifel	$12.9B	2.5x	n/a
Cinda Securities	$12.8B	28.0x	n/a
Evercore	$12.7B	3.8x	19.0x
China Great Wall Secs	$11.9B	n/a	n/a
Changjiang Securities	$11.6B	9.6x	n/a
Zheshang Securities	$11.6B	5.0x	n/a
Guoyuan Securities	$11.4B	9.7x	n/a
Capital Securities Corp.	$10.1B	n/a	n/a
Nomura	$9.3B	0.7x	2.0x
Dongxing Securities	$9.0B	n/a	n/a
BOC International China	$8.1B	n/a	n/a
Western Securities	$7.8B	n/a	n/a
HuaAn Securities Co	$7.8B	n/a	n/a
Southwest Securities	$7.6B	21.2x	n/a
Nanjing Securities	$7.6B	16.3x	n/a
Hongta Securities	$7.3B	n/a	n/a
Motilal Oswal	$6.8B	7.1x	16.5x
Mirae Asset Securities	$6.5B	2.9x	n/a
Lazard	$6.0B	2.0x	13.5x
Piper Sandler	$5.8B	3.5x	n/a
Moelis & Company	$5.1B	3.8x	21.7x
Korea Investment Holdings	$5.1B	2.3x	n/a
Northeast Securities	$5.1B	5.6x	n/a
PJT Partners	$4.5B	2.8x	13.9x
Samsung Securities	$4.3B	2.6x	n/a
Guolian Securities	$4.3B	7.4x	n/a
Pacific Securities Co.	$4.1B	n/a	n/a
JM Financial	$3.4B	n/a	n/a
Investec	$3.1B	1.1x	n/a
EdelweissFin	$3.1B	n/a	n/a
SSI Securities	$3.0B	9.0x	n/a
IBF Financial Holdings	$2.9B	n/a	n/a
Tokai Tokyo Financial Holdings	$2.4B	4.0x	n/a
Capital Securities	$2.3B	n/a	n/a
CICC	$2.0B	0.6x	1.7x
B. Riley Financial	$1.9B	n/a	n/a
Sociedad de Inversiones	$1.6B	n/a	n/a
Oppenheimer Holdings	$1.6B	n/a	n/a
Nihon M&A Center	$1.4B	4.7x	12.2x
Perella Weinberg Partners	$1.4B	1.5x	n/a
Ho Chi Minh City Securities	$1.4B	n/a	n/a
Invex Controladora	$1.3B	1.0x	n/a
GBM	$1.3B	n/a	n/a
Shin Young Securities	$1.3B	n/a	n/a
İş Yatırım	$1.3B	n/a	n/a
Vietcap	$1.2B	8.8x	n/a
Vndirect Securities	$1.2B	6.1x	n/a
Monex SAB de	$1.1B	n/a	n/a
Value Grupo Financiero	$1.0B	n/a	n/a
BCO Alfa de Investimento	$898M	n/a	n/a
LS Securities	$809M	n/a	n/a
Kyobo Securities	$690M	n/a	n/a
EFG Holding	$642M	1.2x	n/a
Canaccord Genuity	$529M	0.4x	n/a
Yuanta Securities Korea	$506M	n/a	n/a
Nitratos de Chile	$486M	n/a	n/a
M&A Research Institute	$471M	4.0x	12.4x
Equita Group	$417M	4.0x	n/a
Baader Bank	$387M	1.2x	n/a
Gedik Yatırım	$325M	n/a	n/a
AMTD IDEA	$280M	n/a	n/a
Alantra Partners	$259M	n/a	n/a
Novetum	$208M	n/a	n/a
Oyak Yatirim	$178M	n/a	n/a
DAM Capital Advisors	$167M	n/a	n/a
Planner Corretora	$119M	n/a	n/a
Grande Group	$104M	n/a	n/a
Mangold	$100M	n/a	n/a
Dominari Holdings	$56.5M	n/a	n/a
MMTEC	$52.7M	n/a	n/a
Valartis Group	$44.8M	n/a	n/a
Rikhav Securities	$34.2M	n/a	n/a
Reino Capital	$24.6M	n/a	n/a
Letus Capital	$17.9M	n/a	n/a
Novavis Group	$12.2M	4.4x	14.0x
Skyline Investment	$10.2M	n/a	n/a
Capital Partners	$13K	n/a	n/a
New Tech Capital	-$0.7M	n/a	n/a
Igoria Trade	-$3.2M	n/a	n/a
IPOPEMA Securities	-$22.8M	n/a	n/a
NWAI Dom Maklerski	-$46.6M	n/a	n/a
Kuwait Investment Company	-$68.0M	n/a	n/a
SDIC Capital	-$4.9B	n/a	n/a
China Securities HK	-$7.5B	-1.9x	n/a