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	$1.13T	6.3x	n/a
Bank of America	$760B	7.1x	n/a
Royal Bank of Canada	$591B	12.6x	n/a
Bank Of China	$574B	6.4x	n/a
Citigroup	$573B	6.9x	n/a
Santander	$515B	7.1x	n/a
Wells Fargo	$488B	5.9x	n/a
Morgan Stanley	$365B	5.6x	n/a
UBS	$347B	7.1x	n/a
MUFG	$346B	3.5x	n/a
Scotiabank	$303B	11.4x	n/a
Nordea	$288B	20.7x	n/a
Bank of Montreal	$285B	11.1x	n/a
TD Bank	$279B	7.1x	n/a
ING Group	$271B	10.3x	n/a
Goldman Sachs	$259B	4.6x	n/a
Credit Agricole	$229B	7.1x	n/a
National Australia Bank	$226B	16.6x	n/a
Deutsche Bank	$225B	6.2x	n/a
BNP Paribas	$220B	3.7x	n/a
Barclays	$220B	5.8x	n/a
Macquarie Group	$215B	18.5x	n/a
UniCredit	$197B	6.8x	n/a
BBVA	$195B	4.6x	n/a
Canadian Imperial Bank	$178B	8.7x	n/a
U.S. Bank	$163B	5.8x	n/a
Sumitomo Mitsui Trust Bank	$144B	24.9x	n/a
PNC Financial Services	$140B	6.2x	n/a
CaixaBank	$133B	7.1x	n/a
Commerzbank	$132B	9.5x	n/a
Truist	$125B	6.8x	n/a
BNY Mellon	$116B	6.0x	n/a
Al Rajhi Bank	$101B	10.5x	n/a
ABN AMRO Bank	$95.1B	9.2x	n/a
Guotai Junan International	$94.5B	12.7x	n/a
Lloyds Banking Group	$91.5B	3.7x	n/a
CITIC Securities	$82.6B	8.4x	21.6x
HSBC	$63.0B	0.9x	n/a
Mediobanca	$57.8B	13.1x	n/a
Standard Chartered	$53.6B	2.6x	n/a
Huatai Securities	$49.8B	8.7x	34.8x
GF Securities	$48.8B	11.5x	38.8x
China Securities	$47.3B	11.8x	n/a
BTG Pactual	$43.5B	n/a	n/a
China Merchants	$41.2B	11.6x	24.3x
China Galaxy Securities	$41.0B	8.4x	n/a
Guosen Securities	$37.6B	12.3x	n/a
Shenwan Hongyuan	$36.7B	8.6x	n/a
Korea Investment Holdings	$36.6B	16.1x	n/a
Raiffeisen Bank	$36.2B	4.0x	n/a
Firstrand	$35.8B	4.3x	n/a
Société Générale	$35.7B	1.1x	n/a
Daiwa Securities Group	$30.7B	4.3x	n/a
Riyad Bank	$27.9B	5.8x	n/a
Jefferies	$25.5B	3.6x	28.1x
Orient Securities	$25.2B	9.0x	n/a
Santander Brasil	$24.2B	1.6x	n/a
Mega Financial Holding Co	$23.6B	9.3x	n/a
Mirae Asset Securities	$23.1B	10.0x	n/a
State Street	$22.9B	1.7x	n/a
Banco Bci	$22.3B	7.3x	n/a
Everbright Securities	$20.4B	12.2x	n/a
China Industrial Securities	$18.7B	10.1x	n/a
Founder Securities	$18.5B	12.9x	n/a
Banco de Oro	$17.5B	3.5x	n/a
Hua Nan Financial Holdings	$17.2B	n/a	n/a
Kiwoom Securities	$16.1B	10.8x	n/a
Scotiabank Chile	$15.8B	n/a	n/a
Cinda Securities	$14.9B	32.2x	n/a
Zhongtai Securities	$14.3B	8.4x	n/a
Evercore	$14.2B	4.3x	20.9x
Houlihan Lokey	$13.9B	5.5x	n/a
Tianfeng Securities Co	$13.6B	n/a	n/a
Stifel	$13.2B	2.5x	n/a
Soochow Securities	$13.1B	9.1x	n/a
Zheshang Securities	$12.7B	6.2x	n/a
Changjiang Securities	$11.6B	9.1x	n/a
China Great Wall Secs	$11.5B	n/a	n/a
Guoyuan Securities	$11.3B	10.4x	n/a
Samsung Securities	$10.9B	6.6x	n/a
Capital Securities Corp.	$10.5B	n/a	n/a
Nomura	$10.2B	0.8x	2.1x
Dongxing Securities	$9.1B	n/a	n/a
Western Securities	$8.4B	n/a	n/a
Nanjing Securities	$7.7B	16.3x	n/a
Southwest Securities	$7.6B	21.1x	n/a
HuaAn Securities Co	$7.6B	n/a	n/a
BOC International China	$7.4B	n/a	n/a
Hongta Securities	$7.1B	n/a	n/a
Motilal Oswal	$6.7B	7.0x	16.3x
Turkiye Sinai Kalkinma	$6.5B	n/a	n/a
Piper Sandler	$6.3B	3.8x	n/a
Lazard	$6.1B	2.0x	13.9x
Turkiye Kalkinma	$6.0B	n/a	n/a
Moelis & Company	$5.5B	4.0x	22.6x
Northeast Securities	$5.3B	5.8x	n/a
Pacific Securities Co.	$4.7B	n/a	n/a
PJT Partners	$4.6B	2.9x	14.2x
SSI Securities	$3.4B	10.2x	n/a
Investec	$3.4B	1.1x	n/a
EdelweissFin	$3.3B	n/a	n/a
JM Financial	$3.3B	n/a	n/a
IBF Financial Holdings	$2.8B	n/a	n/a
Tokai Tokyo Financial Holdings	$2.4B	4.0x	n/a
B. Riley Financial	$1.9B	n/a	n/a
Yuanta Securities Korea	$1.7B	n/a	n/a
Oppenheimer Holdings	$1.7B	n/a	n/a
Sociedad de Inversiones	$1.7B	n/a	n/a
Nihon M&A Center	$1.5B	5.0x	13.1x
Capital Securities	$1.5B	n/a	n/a
Shin Young Securities	$1.5B	n/a	n/a
Perella Weinberg Partners	$1.5B	1.6x	n/a
İş Yatırım	$1.4B	n/a	n/a
GBM	$1.3B	n/a	n/a
Ho Chi Minh City Securities	$1.3B	n/a	n/a
Invex Controladora	$1.3B	1.0x	n/a
Vndirect Securities	$1.2B	6.1x	n/a
Vietcap	$1.2B	8.5x	n/a
Monex SAB de	$1.1B	n/a	n/a
Value Grupo Financiero	$978M	n/a	n/a
BCO Alfa de Investimento	$900M	n/a	n/a
LS Securities	$836M	n/a	n/a
EFG Holding	$628M	1.2x	n/a
Canaccord Genuity	$565M	0.4x	n/a
M&A Research Institute	$467M	4.0x	12.8x
Nitratos de Chile	$460M	n/a	n/a
Baader Bank	$431M	1.3x	n/a
Equita Group	$428M	3.9x	n/a
AMTD IDEA	$296M	n/a	n/a
Gedik Yatırım	$275M	n/a	n/a
Alantra Partners	$258M	n/a	n/a
Novetum	$209M	n/a	n/a
DAM Capital Advisors	$174M	n/a	n/a
Oyak Yatirim	$137M	n/a	n/a
Planner Corretora	$126M	n/a	n/a
Mangold	$97.8M	n/a	n/a
Grande Group	$97.7M	n/a	n/a
Valartis Group	$77.9M	n/a	n/a
Dominari Holdings	$66.8M	n/a	n/a
MMTEC	$53.3M	n/a	n/a
Rikhav Securities	$31.8M	n/a	n/a
Reino Capital	$24.4M	n/a	n/a
Letus Capital	$19.4M	n/a	n/a
Novavis Group	$12.0M	3.2x	8.3x
Skyline Investment	$10.4M	n/a	n/a
Capital Partners	$0.1M	n/a	n/a
New Tech Capital	-$0.7M	n/a	n/a
Igoria Trade	-$2.4M	n/a	n/a
IPOPEMA Securities	-$23.5M	n/a	n/a
NWAI Dom Maklerski	-$46.6M	n/a	n/a
Kuwait Investment Company	-$77.1M	n/a	n/a
Kyobo Securities	-$196M	n/a	n/a
Guolian Securities	-$1.5B	-1.7x	n/a
CICC	-$2.1B	-0.6x	-1.7x
SDIC Capital	-$5.7B	n/a	n/a
China Securities HK	-$10.6B	-2.7x	n/a