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	$1.06T	6.0x	n/a
Bank of America	$623B	6.0x	n/a
Wells Fargo	$536B	6.5x	n/a
Royal Bank of Canada	$507B	12.0x	n/a
Bank Of China	$495B	5.7x	n/a
Citigroup	$470B	5.7x	n/a
Santander	$376B	5.6x	n/a
MUFG	$300B	8.9x	n/a
Scotiabank	$279B	11.3x	n/a
TD Bank	$278B	7.6x	n/a
UBS	$265B	5.8x	n/a
Nordea	$258B	19.0x	n/a
Bank of Montreal	$258B	10.8x	n/a
Morgan Stanley	$252B	4.0x	n/a
BNP Paribas	$250B	4.7x	n/a
ING Group	$224B	9.3x	n/a
Credit Agricole	$202B	6.9x	n/a
UniCredit	$162B	6.1x	n/a
HSBC	$159B	2.4x	n/a
Canadian Imperial Bank	$148B	7.9x	n/a
National Australia Bank	$143B	11.1x	n/a
Goldman Sachs	$135B	2.5x	n/a
Sumitomo Mitsui Trust Bank	$134B	24.9x	n/a
U.S. Bank	$131B	4.7x	n/a
PNC Financial Services	$122B	5.6x	n/a
CaixaBank	$107B	6.4x	n/a
Truist	$105B	6.7x	n/a
BBVA	$102B	2.7x	n/a
Barclays	$98.0B	2.8x	n/a
Al Rajhi Bank	$93.8B	10.5x	n/a
BNY Mellon	$93.6B	5.0x	n/a
Deutsche Bank	$87.5B	2.7x	n/a
Commerzbank	$85.9B	7.0x	n/a
ABN AMRO Bank	$81.4B	8.6x	n/a
CITIC Securities	$77.0B	8.4x	n/a
Lloyds Banking Group	$75.6B	3.3x	n/a
Macquarie Group	$60.5B	5.6x	n/a
Guotai Junan International	$56.3B	9.0x	n/a
Mediobanca	$43.4B	11.0x	n/a
China Securities	$43.1B	10.2x	n/a
China Merchants	$42.4B	10.8x	n/a
Huatai Securities	$40.7B	7.4x	19.5x
GF Securities	$38.7B	10.1x	n/a
Standard Chartered	$38.6B	1.9x	n/a
China Galaxy Securities	$37.5B	7.6x	n/a
Shenwan Hongyuan	$36.5B	8.2x	n/a
Société Générale	$34.4B	1.2x	n/a
Raiffeisen Bank	$31.1B	3.8x	n/a
Riyad Bank	$29.4B	6.2x	n/a
Korea Investment Holdings	$28.8B	15.9x	n/a
Guosen Securities	$28.2B	n/a	n/a
Orient Securities	$24.2B	9.0x	n/a
BTG Pactual	$23.2B	n/a	n/a
Banco Bci	$21.7B	7.2x	n/a
Daiwa Securities Group	$21.5B	5.1x	18.6x
Santander Brasil	$21.2B	1.5x	n/a
Mega Financial Holding Co	$19.7B	8.3x	n/a
Everbright Securities	$17.8B	9.8x	n/a
Jefferies	$17.0B	2.4x	17.0x
Founder Securities	$16.6B	15.3x	n/a
Scotiabank Chile	$16.6B	n/a	n/a
Firstrand	$16.2B	2.1x	n/a
Mirae Asset Securities	$15.6B	8.1x	n/a
China Industrial Securities	$15.6B	7.4x	n/a
Hua Nan Financial Holdings	$14.9B	n/a	n/a
Banco de Oro	$14.7B	3.1x	n/a
State Street	$14.7B	1.1x	n/a
AVIC Industry-Finance	$14.5B	n/a	n/a
Zhongtai Securities	$13.1B	n/a	n/a
Cinda Securities	$11.9B	25.8x	n/a
Soochow Securities	$11.1B	6.6x	n/a
Tianfeng Securities Co	$10.9B	n/a	n/a
Kiwoom Securities	$10.8B	8.5x	n/a
Zheshang Securities	$10.6B	4.8x	n/a
Stifel	$10.2B	2.0x	n/a
Houlihan Lokey	$10.2B	4.3x	n/a
Changjiang Securities	$9.9B	8.1x	n/a
Capital Securities Corp.	$9.3B	n/a	n/a
Guoyuan Securities	$9.1B	n/a	n/a
China Great Wall	$9.0B	n/a	n/a
Samsung Securities	$8.6B	5.7x	n/a
Dongxing Securities	$8.6B	n/a	n/a
Evercore	$7.7B	2.5x	12.7x
Western Securities	$7.4B	8.8x	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	23.3x	n/a
BOC International China	$5.1B	13.8x	n/a
Motilal Oswal	$4.5B	4.6x	14.5x
Northeast Securities	$4.1B	n/a	n/a
Piper Sandler	$4.0B	2.6x	n/a
Lazard	$3.7B	1.3x	8.6x
Pacific Securities Co.	$3.4B	20.7x	n/a
Moelis & Company	$3.4B	2.7x	15.2x
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	$2.5B	4.4x	n/a
IBF Financial Holdings	$2.2B	n/a	n/a
Capital Securities	$2.0B	n/a	n/a
Tokai Tokyo Financial Holdings	$1.9B	3.0x	n/a
SSI Securities	$1.7B	5.0x	n/a
Investec	$1.5B	0.6x	n/a
Ho Chi Minh City Securities	$1.4B	n/a	n/a
Yuanta Securities Korea	$1.2B	n/a	n/a
Oppenheimer Holdings	$1.2B	n/a	n/a
İş Yatırım	$1.1B	n/a	n/a
Value Grupo Financiero	$1.1B	n/a	n/a
GBM	$1.0B	n/a	n/a
Nihon M&A Center	$1.0B	3.4x	9.3x
Vietcap	$941M	6.3x	n/a
Shin Young Securities	$883M	n/a	n/a
Perella Weinberg Partners	$741M	0.8x	n/a
LS Securities	$673M	n/a	n/a
Vndirect Securities	$614M	2.7x	n/a
EFG Holding	$514M	1.1x	n/a
Baader Bank	$375M	1.4x	n/a
M&A Research Institute	$367M	2.9x	6.4x
Equita Group	$322M	3.6x	n/a
Canaccord Genuity	$269M	0.2x	n/a
Alantra Partners	$250M	n/a	n/a
Gedik Yatırım	$163M	n/a	n/a
DAM Capital Advisors	$155M	n/a	n/a
Planner Corretora	$97.8M	n/a	n/a
Mangold	$84.9M	n/a	n/a
Oyak Yatirim	$79.9M	n/a	n/a
Valartis Group	$42.8M	n/a	n/a
Reino Capital	$28.9M	n/a	n/a
Novetum	$23.5M	n/a	n/a
Letus Capital	$18.2M	n/a	n/a
Rikhav Securities	$14.3M	n/a	n/a
Novavis Group	$13.8M	6.4x	45.2x
NWAI Dom Maklerski	-$21.7M	n/a	n/a
IPOPEMA Securities	-$23.5M	n/a	n/a
Kuwait Investment Company	-$88.8M	n/a	n/a
Kyobo Securities	-$768M	n/a	n/a
CICC	-$1.8B	-0.6x	-1.7x
SDIC Capital	-$7.0B	n/a	n/a
China Securities HK	-$13.2B	-3.1x	n/a
Nomura	-$20.8B	-1.7x	-4.9x