Investment Banking Valuation Multiples and Public Comps

Investment Banking

See analyst estimates and all valuation multiples for Investment Banking

Company	EV	EV/Revenue	EV/EBITDA
JPMorgan Chase	$988B	5.6x	n/a
Bank of America	$699B	6.7x	n/a
Royal Bank of Canada	$539B	12.2x	n/a
Bank Of China	$513B	5.9x	n/a
Citigroup	$504B	6.1x	n/a
BNP Paribas	$488B	8.7x	n/a
Santander	$475B	6.8x	n/a
Wells Fargo	$450B	5.4x	n/a
Credit Agricole	$412B	13.4x	n/a
UBS	$306B	6.3x	n/a
MUFG	$306B	3.6x	n/a
Scotiabank	$292B	11.3x	n/a
TD Bank	$288B	7.6x	n/a
Morgan Stanley	$284B	4.5x	n/a
Bank of Montreal	$277B	11.2x	n/a
Nordea	$277B	20.0x	n/a
ING Group	$252B	9.9x	n/a
Société Générale	$234B	7.7x	n/a
National Australia Bank	$209B	15.9x	n/a
Macquarie Group	$208B	18.6x	n/a
UniCredit	$205B	7.4x	n/a
Deutsche Bank	$201B	5.8x	n/a
Barclays	$199B	5.5x	n/a
BBVA	$173B	4.3x	n/a
Lloyds Banking Group	$165B	6.9x	n/a
Goldman Sachs	$163B	3.0x	n/a
Canadian Imperial Bank	$163B	8.3x	n/a
U.S. Bank	$152B	5.5x	n/a
Sumitomo Mitsui Trust Bank	$147B	25.1x	n/a
PNC Financial Services	$130B	5.9x	n/a
CaixaBank	$118B	6.6x	n/a
ABN AMRO Bank	$116B	11.7x	n/a
Standard Chartered	$115B	5.6x	n/a
Truist	$114B	6.9x	n/a
BNY Mellon	$102B	5.4x	n/a
Guotai Junan International	$89.7B	13.5x	n/a
Al Rajhi Bank	$83.8B	9.1x	n/a
CITIC Securities	$71.9B	7.8x	22.5x
Mediobanca	$51.3B	12.3x	n/a
Huatai Securities	$43.9B	7.9x	27.1x
China Securities	$43.6B	10.6x	n/a
GF Securities	$42.3B	10.9x	32.6x
China Merchants	$40.2B	10.5x	26.1x
China Galaxy Securities	$38.5B	7.7x	n/a
Shenwan Hongyuan	$35.3B	8.1x	n/a
BTG Pactual	$34.3B	n/a	n/a
Commerzbank	$33.6B	2.6x	n/a
Raiffeisen Bank	$33.2B	3.8x	n/a
Guosen Securities	$33.1B	11.5x	n/a
Riyad Bank	$29.3B	6.2x	n/a
HSBC	$27.1B	0.4x	n/a
Santander Brasil	$23.6B	1.6x	n/a
Orient Securities	$23.1B	8.5x	n/a
Mega Financial Holding Co	$22.7B	8.7x	n/a
Jefferies	$22.6B	3.3x	24.0x
Banco Bci	$22.4B	7.4x	n/a
Banco de Oro	$20.0B	4.0x	n/a
Daiwa Securities Group	$19.7B	2.3x	16.2x
Firstrand	$19.2B	2.3x	n/a
State Street	$18.4B	1.4x	n/a
Everbright Securities	$18.3B	10.4x	n/a
China Industrial Securities	$18.2B	10.3x	n/a
Founder Securities	$17.5B	15.6x	n/a
Hua Nan Financial Holdings	$16.4B	n/a	n/a
Scotiabank Chile	$16.3B	n/a	n/a
Zhongtai Securities	$13.2B	8.2x	n/a
Houlihan Lokey	$11.5B	4.7x	n/a
Soochow Securities	$11.5B	6.9x	n/a
Stifel	$11.3B	2.2x	n/a
Cinda Securities	$11.3B	24.2x	n/a
Tianfeng Securities Co	$11.0B	n/a	n/a
Zheshang Securities	$10.6B	4.7x	n/a
Guoyuan Securities	$10.5B	9.5x	n/a
Changjiang Securities	$10.5B	9.5x	n/a
Evercore	$10.0B	3.3x	16.9x
China Great Wall	$9.7B	n/a	n/a
Capital Securities Corp.	$9.3B	n/a	n/a
Dongxing Securities	$8.2B	n/a	n/a
HuaAn Securities Co	$7.1B	n/a	n/a
Nanjing Securities	$7.0B	n/a	n/a
Western Securities	$6.8B	n/a	n/a
Southwest Securities	$6.6B	17.2x	n/a
Hongta Securities	$6.4B	n/a	n/a
Motilal Oswal	$6.2B	6.5x	15.0x
Mirae Asset Securities	$5.9B	2.9x	n/a
BOC International China	$5.4B	n/a	n/a
Lazard	$5.2B	1.8x	12.5x
Northeast Securities	$4.6B	5.0x	n/a
Korea Investment Holdings	$4.5B	2.2x	n/a
Moelis & Company	$4.3B	3.5x	21.2x
Piper Sandler	$4.3B	2.8x	n/a
Samsung Securities	$3.9B	2.4x	n/a
PJT Partners	$3.9B	2.5x	12.8x
Pacific Securities Co.	$3.5B	n/a	n/a
EdelweissFin	$3.3B	n/a	n/a
Kiwoom Securities	$2.8B	2.0x	n/a
JM Financial	$2.8B	n/a	n/a
Guolian Securities	$2.7B	4.6x	n/a
Tokai Tokyo Financial Holdings	$2.6B	4.5x	n/a
Capital Securities	$2.5B	n/a	n/a
IBF Financial Holdings	$2.5B	n/a	n/a
Investec	$2.4B	0.8x	n/a
SSI Securities	$1.9B	5.4x	n/a
Oppenheimer Holdings	$1.6B	n/a	n/a
GBM	$1.3B	n/a	n/a
Nihon M&A Center	$1.3B	4.2x	11.1x
Perella Weinberg Partners	$1.2B	1.3x	n/a
Shin Young Securities	$1.1B	n/a	n/a
Value Grupo Financiero	$1.1B	n/a	n/a
Ho Chi Minh City Securities	$1.1B	n/a	n/a
İş Yatırım	$968M	n/a	n/a
Vietcap	$949M	6.4x	n/a
Vndirect Securities	$709M	3.1x	n/a
EFG Holding	$698M	1.4x	n/a
Kyobo Securities	$651M	n/a	n/a
Yuanta Securities Korea	$510M	n/a	n/a
M&A Research Institute	$488M	3.8x	8.6x
Baader Bank	$429M	1.5x	n/a
Equita Group	$381M	4.0x	n/a
Canaccord Genuity	$372M	0.3x	n/a
Alantra Partners	$253M	n/a	n/a
DAM Capital Advisors	$195M	n/a	n/a
LS Securities	$169M	n/a	n/a
Gedik Yatırım	$133M	n/a	n/a
Planner Corretora	$104M	n/a	n/a
Oyak Yatirim	$89.2M	n/a	n/a
Mangold	$82.6M	n/a	n/a
Valartis Group	$39.7M	n/a	n/a
Rikhav Securities	$28.9M	n/a	n/a
Reino Capital	$27.9M	n/a	n/a
Letus Capital	$17.6M	n/a	n/a
Novavis Group	$13.6M	5.1x	26.4x
Skyline Investment	$9.2M	n/a	n/a
Novetum	$7.5M	n/a	n/a
Capital Partners	$0.1M	n/a	n/a
New Tech Capital	-$0.5M	n/a	n/a
Igoria Trade	-$3.9M	n/a	n/a
IPOPEMA Securities	-$21.7M	n/a	n/a
NWAI Dom Maklerski	-$42.8M	n/a	n/a
Kuwait Investment Company	-$109M	n/a	n/a
CICC	-$1.8B	-0.6x	-1.6x
SDIC Capital	-$6.2B	n/a	n/a
Nomura	-$7.7B	-0.6x	-1.8x
China Securities HK	-$13.1B	-3.2x	n/a