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	$1.05T	5.9x	n/a
Bank of America	$649B	6.3x	n/a
Wells Fargo	$543B	6.6x	n/a
Royal Bank of Canada	$511B	12.0x	n/a
Bank Of China	$505B	5.8x	n/a
Citigroup	$481B	5.9x	n/a
Santander	$381B	5.7x	n/a
MUFG	$303B	8.9x	n/a
TD Bank	$281B	7.7x	n/a
Scotiabank	$281B	11.4x	n/a
Nordea	$267B	19.8x	n/a
Bank of Montreal	$259B	10.9x	n/a
UBS	$258B	5.7x	n/a
BNP Paribas	$256B	4.8x	n/a
Morgan Stanley	$253B	4.0x	n/a
ING Group	$226B	9.3x	n/a
Credit Agricole	$205B	7.0x	n/a
HSBC	$170B	2.6x	n/a
UniCredit	$168B	6.3x	n/a
Goldman Sachs	$159B	2.9x	n/a
Canadian Imperial Bank	$150B	8.0x	n/a
National Australia Bank	$145B	11.2x	n/a
U.S. Bank	$143B	5.2x	n/a
Sumitomo Mitsui Trust Bank	$134B	25.0x	n/a
PNC Financial Services	$121B	5.5x	n/a
CaixaBank	$110B	6.5x	n/a
Truist	$109B	7.0x	n/a
BBVA	$106B	2.8x	n/a
Barclays	$102B	2.9x	n/a
Al Rajhi Bank	$93.9B	10.5x	n/a
BNY Mellon	$92.7B	4.9x	n/a
Deutsche Bank	$90.4B	2.8x	n/a
Commerzbank	$86.6B	7.1x	n/a
ABN AMRO Bank	$82.2B	8.7x	n/a
Lloyds Banking Group	$78.3B	3.4x	n/a
CITIC Securities	$76.8B	8.4x	25.0x
Macquarie Group	$60.7B	5.6x	n/a
Guotai Junan International	$56.6B	9.0x	n/a
State Street	$55.7B	4.2x	n/a
Mediobanca	$44.5B	11.2x	n/a
China Securities	$42.8B	10.4x	n/a
China Merchants	$42.2B	10.8x	28.7x
Huatai Securities	$40.8B	7.5x	25.7x
Standard Chartered	$40.6B	2.0x	n/a
GF Securities	$38.6B	10.1x	29.8x
China Galaxy Securities	$37.1B	7.5x	n/a
Shenwan Hongyuan	$36.6B	8.2x	n/a
Société Générale	$36.4B	1.3x	n/a
Raiffeisen Bank	$31.3B	3.8x	n/a
Korea Investment Holdings	$28.9B	16.0x	n/a
Guosen Securities	$28.3B	n/a	n/a
Riyad Bank	$28.0B	6.0x	n/a
Orient Securities	$24.4B	9.1x	n/a
BTG Pactual	$23.7B	n/a	n/a
Banco Bci	$22.2B	7.3x	n/a
Daiwa Securities Group	$22.0B	5.2x	18.9x
Santander Brasil	$21.6B	1.5x	n/a
Jefferies	$21.2B	3.0x	21.3x
Mega Financial Holding Co	$19.4B	8.2x	n/a
Banco de Oro	$18.9B	4.0x	n/a
Everbright Securities	$17.7B	9.9x	n/a
Firstrand	$17.1B	2.2x	n/a
Founder Securities	$16.6B	15.3x	n/a
Scotiabank Chile	$16.6B	n/a	n/a
Mirae Asset Securities	$15.7B	8.2x	n/a
China Industrial Securities	$15.7B	7.4x	n/a
Hua Nan Financial Holdings	$14.9B	n/a	n/a
AVIC Industry-Finance	$14.5B	n/a	n/a
Zhongtai Securities	$13.1B	n/a	n/a
Cinda Securities	$11.8B	25.5x	n/a
Soochow Securities	$11.2B	6.6x	n/a
Tianfeng Securities Co	$11.1B	n/a	n/a
Kiwoom Securities	$10.8B	8.6x	n/a
Zheshang Securities	$10.6B	4.8x	n/a
Stifel	$10.5B	2.1x	n/a
Guoyuan Securities	$10.3B	9.5x	n/a
Houlihan Lokey	$10.3B	4.4x	n/a
Changjiang Securities	$9.9B	8.1x	n/a
Capital Securities Corp.	$9.4B	n/a	n/a
China Great Wall	$9.0B	n/a	n/a
Samsung Securities	$8.6B	5.7x	n/a
Dongxing Securities	$8.5B	n/a	n/a
Evercore	$8.0B	2.6x	13.2x
Western Securities	$7.5B	n/a	n/a
HuaAn Securities Co	$7.1B	n/a	n/a
Nanjing Securities	$6.7B	n/a	n/a
Southwest Securities	$6.1B	n/a	n/a
Hongta Securities	$5.9B	n/a	n/a
BOC International China	$5.1B	13.8x	n/a
Motilal Oswal	$4.8B	5.0x	15.5x
Piper Sandler	$4.1B	2.6x	n/a
Northeast Securities	$4.1B	n/a	n/a
Lazard	$3.8B	1.3x	8.8x
Moelis & Company	$3.5B	2.8x	15.4x
Pacific Securities Co.	$3.4B	20.9x	n/a
EdelweissFin	$3.2B	n/a	n/a
PJT Partners	$2.9B	1.9x	9.5x
JM Financial	$2.7B	n/a	n/a
Guolian Securities	$2.4B	4.1x	n/a
IBF Financial Holdings	$2.1B	n/a	n/a
Capital Securities	$2.1B	n/a	n/a
Tokai Tokyo Financial Holdings	$1.9B	3.1x	n/a
SSI Securities	$1.7B	5.0x	n/a
Investec	$1.7B	0.6x	n/a
Ho Chi Minh City Securities	$1.3B	n/a	n/a
Oppenheimer Holdings	$1.3B	n/a	n/a
Yuanta Securities Korea	$1.2B	n/a	n/a
İş Yatırım	$1.1B	n/a	n/a
Nihon M&A Center	$1.1B	3.5x	9.7x
Value Grupo Financiero	$1.1B	n/a	n/a
GBM	$1.0B	n/a	n/a
Vietcap	$962M	6.5x	n/a
Shin Young Securities	$891M	n/a	n/a
Perella Weinberg Partners	$763M	0.8x	n/a
Vndirect Securities	$689M	3.1x	n/a
LS Securities	$678M	n/a	n/a
EFG Holding	$521M	1.1x	n/a
M&A Research Institute	$420M	3.4x	7.3x
Baader Bank	$389M	1.5x	n/a
Equita Group	$324M	3.6x	n/a
Canaccord Genuity	$283M	0.2x	n/a
Alantra Partners	$236M	n/a	n/a
DAM Capital Advisors	$166M	n/a	n/a
Gedik Yatırım	$159M	n/a	n/a
Planner Corretora	$98.9M	n/a	n/a
Mangold	$81.6M	n/a	n/a
Oyak Yatirim	$80.5M	n/a	n/a
Valartis Group	$43.1M	n/a	n/a
Reino Capital	$26.4M	n/a	n/a
Novetum	$23.5M	n/a	n/a
Letus Capital	$16.8M	n/a	n/a
Rikhav Securities	$16.2M	n/a	n/a
Novavis Group	$13.3M	5.7x	49.7x
NWAI Dom Maklerski	-$21.3M	n/a	n/a
IPOPEMA Securities	-$23.2M	n/a	n/a
Kuwait Investment Company	-$103M	n/a	n/a
Kyobo Securities	-$749M	n/a	n/a
CICC	-$1.9B	-0.6x	-1.8x
SDIC Capital	-$7.0B	n/a	n/a
China Securities HK	-$13.0B	-3.2x	n/a
Nomura	-$20.2B	-1.6x	-4.8x