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	$1.26T	7.0x	n/a
Bank of America	$737B	7.0x	n/a
Wells Fargo	$641B	7.7x	n/a
Royal Bank of Canada	$564B	12.3x	n/a
Citigroup	$562B	6.8x	n/a
Bank Of China	$543B	6.2x	n/a
BNP Paribas	$511B	8.6x	n/a
Santander	$502B	6.9x	n/a
Credit Agricole	$431B	13.3x	n/a
UBS	$326B	6.6x	n/a
Morgan Stanley	$303B	4.7x	n/a
TD Bank	$301B	7.7x	n/a
Scotiabank	$299B	11.2x	n/a
Bank of Montreal	$287B	11.2x	n/a
Nordea	$287B	20.3x	n/a
ING Group	$267B	10.1x	n/a
Société Générale	$246B	7.8x	n/a
National Australia Bank	$217B	16.1x	n/a
UniCredit	$216B	7.4x	n/a
Macquarie Group	$215B	18.8x	n/a
Deutsche Bank	$214B	5.9x	n/a
Barclays	$207B	5.5x	n/a
Goldman Sachs	$195B	3.5x	n/a
BBVA	$178B	4.2x	n/a
Lloyds Banking Group	$169B	6.9x	n/a
Canadian Imperial Bank	$165B	8.2x	n/a
U.S. Bank	$157B	5.6x	n/a
MUFG	$151B	1.5x	n/a
Sumitomo Mitsui Trust Bank	$148B	24.6x	n/a
PNC Financial Services	$138B	6.2x	n/a
Truist	$124B	7.2x	n/a
ABN AMRO Bank	$124B	11.9x	n/a
CaixaBank	$123B	6.6x	n/a
Standard Chartered	$123B	5.9x	n/a
BNY Mellon	$111B	5.9x	n/a
Guotai Junan International	$96.6B	13.8x	n/a
Al Rajhi Bank	$87.4B	9.4x	n/a
CITIC Securities	$78.9B	8.4x	21.7x
State Street	$62.0B	4.6x	n/a
Mediobanca	$51.1B	11.6x	n/a
Huatai Securities	$46.6B	8.3x	28.3x
China Securities	$46.2B	11.3x	n/a
GF Securities	$45.1B	11.4x	35.2x
China Merchants	$42.7B	11.8x	26.5x
HSBC	$40.9B	0.6x	n/a
China Galaxy Securities	$40.9B	8.1x	n/a
Commerzbank	$37.7B	2.8x	n/a
Shenwan Hongyuan	$37.6B	9.1x	n/a
BTG Pactual	$35.6B	n/a	n/a
Guosen Securities	$34.9B	11.9x	n/a
Korea Investment Holdings	$34.7B	16.3x	n/a
Raiffeisen Bank	$34.2B	3.9x	n/a
Riyad Bank	$28.6B	6.0x	n/a
Mega Financial Holding Co	$25.4B	9.2x	n/a
Orient Securities	$24.6B	8.8x	n/a
Jefferies	$23.3B	3.4x	25.5x
Banco Bci	$22.5B	7.3x	n/a
Santander Brasil	$22.4B	1.4x	n/a
Mirae Asset Securities	$22.4B	10.2x	n/a
Daiwa Securities Group	$20.1B	2.5x	n/a
Everbright Securities	$19.6B	11.5x	n/a
Firstrand	$19.5B	2.3x	n/a
China Industrial Securities	$19.1B	10.6x	n/a
Banco de Oro	$18.7B	3.8x	n/a
Hua Nan Financial Holdings	$18.2B	n/a	n/a
Founder Securities	$18.0B	15.4x	n/a
Scotiabank Chile	$16.7B	n/a	n/a
Kiwoom Securities	$14.7B	10.2x	n/a
Zhongtai Securities	$13.8B	8.4x	n/a
Tianfeng Securities Co	$13.1B	n/a	n/a
Houlihan Lokey	$13.0B	5.3x	n/a
Stifel	$12.9B	2.5x	n/a
Evercore	$12.5B	4.0x	20.2x
Cinda Securities	$12.3B	26.9x	n/a
Soochow Securities	$12.3B	7.3x	n/a
Zheshang Securities	$11.1B	4.8x	n/a
Guoyuan Securities	$11.0B	9.8x	n/a
Changjiang Securities	$10.9B	9.6x	n/a
Samsung Securities	$10.7B	6.5x	n/a
China Great Wall	$10.2B	n/a	n/a
Capital Securities Corp.	$9.7B	n/a	n/a
Dongxing Securities	$8.7B	n/a	n/a
HuaAn Securities Co	$7.5B	n/a	n/a
Nanjing Securities	$7.3B	15.8x	n/a
Western Securities	$7.1B	n/a	n/a
Southwest Securities	$6.9B	17.6x	n/a
Hongta Securities	$6.8B	n/a	n/a
BOC International China	$6.7B	n/a	n/a
Motilal Oswal	$6.7B	7.0x	16.3x
Lazard	$6.1B	2.1x	14.7x
Moelis & Company	$5.3B	4.1x	25.4x
Piper Sandler	$5.3B	3.3x	n/a
Northeast Securities	$4.9B	5.2x	n/a
PJT Partners	$4.7B	3.0x	15.1x
Pacific Securities Co.	$3.8B	n/a	n/a
Guolian Securities	$3.8B	5.8x	n/a
EdelweissFin	$3.4B	n/a	n/a
Investec	$3.3B	1.1x	n/a
JM Financial	$3.2B	n/a	n/a
IBF Financial Holdings	$3.1B	n/a	n/a
Tokai Tokyo Financial Holdings	$2.7B	4.5x	n/a
SSI Securities	$2.5B	7.8x	n/a
Capital Securities	$2.2B	n/a	n/a
Yuanta Securities Korea	$1.6B	n/a	n/a
Oppenheimer Holdings	$1.6B	n/a	n/a
GBM	$1.4B	n/a	n/a
Perella Weinberg Partners	$1.3B	1.5x	n/a
Shin Young Securities	$1.3B	n/a	n/a
Nihon M&A Center	$1.3B	4.2x	11.0x
Ho Chi Minh City Securities	$1.3B	n/a	n/a
İş Yatırım	$1.2B	n/a	n/a
Vietcap	$1.1B	7.8x	n/a
Value Grupo Financiero	$981M	n/a	n/a
LS Securities	$851M	n/a	n/a
Vndirect Securities	$840M	4.3x	n/a
CICC	$532M	0.2x	0.5x
M&A Research Institute	$442M	3.6x	10.2x
EFG Holding	$442M	0.9x	n/a
Equita Group	$399M	3.9x	n/a
Baader Bank	$354M	1.2x	n/a
Gedik Yatırım	$298M	n/a	n/a
Alantra Partners	$257M	n/a	n/a
Novetum	$206M	n/a	n/a
DAM Capital Advisors	$188M	n/a	n/a
Oyak Yatirim	$139M	n/a	n/a
Canaccord Genuity	$116M	0.1x	n/a
Planner Corretora	$111M	n/a	n/a
Mangold	$95.1M	n/a	n/a
Valartis Group	$44.5M	n/a	n/a
Rikhav Securities	$30.8M	n/a	n/a
Reino Capital	$27.4M	n/a	n/a
Letus Capital	$19.5M	n/a	n/a
Novavis Group	$12.6M	4.9x	17.8x
Skyline Investment	$10.5M	n/a	n/a
Capital Partners	$0.1M	n/a	n/a
New Tech Capital	-$0.5M	n/a	n/a
Igoria Trade	-$3.4M	n/a	n/a
IPOPEMA Securities	-$24.1M	n/a	n/a
NWAI Dom Maklerski	-$44.1M	n/a	n/a
Kuwait Investment Company	-$65.9M	n/a	n/a
Kyobo Securities	-$373M	n/a	n/a
SDIC Capital	-$5.6B	n/a	n/a
Nomura	-$5.9B	-0.5x	-1.2x
China Securities HK	-$10.3B	-2.6x	n/a