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	$1.27T	7.0x	n/a
Bank of America	$768B	7.1x	n/a
Wells Fargo	$687B	8.2x	n/a
Royal Bank of Canada	$586B	12.5x	n/a
Goldman Sachs	$577B	10.1x	n/a
Citigroup	$563B	6.6x	n/a
Santander	$503B	7.0x	n/a
Morgan Stanley	$368B	5.4x	n/a
UBS	$333B	6.9x	n/a
MUFG	$330B	3.4x	n/a
Scotiabank	$300B	11.3x	n/a
Nordea	$288B	20.9x	n/a
Bank of Montreal	$281B	11.0x	n/a
TD Bank	$280B	7.2x	n/a
ING Group	$263B	10.1x	n/a
Credit Agricole	$226B	7.1x	n/a
National Australia Bank	$224B	16.5x	n/a
Deutsche Bank	$216B	6.0x	n/a
Macquarie Group	$214B	18.5x	n/a
Barclays	$212B	5.6x	n/a
BNP Paribas	$212B	3.6x	n/a
UniCredit	$184B	6.4x	n/a
Canadian Imperial Bank	$177B	8.7x	n/a
U.S. Bank	$156B	5.5x	n/a
BBVA	$148B	3.6x	n/a
Sumitomo Mitsui Trust Bank	$138B	24.6x	n/a
PNC Financial Services	$133B	5.8x	n/a
Truist	$132B	6.9x	n/a
CaixaBank	$130B	7.0x	n/a
Commerzbank	$126B	9.2x	n/a
Al Rajhi Bank	$119B	12.2x	n/a
BNY Mellon	$116B	5.9x	n/a
ABN AMRO Bank	$93.2B	9.1x	n/a
Guotai Junan International	$92.3B	12.3x	n/a
Lloyds Banking Group	$90.0B	3.6x	n/a
CITIC Securities	$82.1B	8.2x	17.9x
State Street	$61.8B	4.5x	n/a
Mediobanca	$51.4B	11.8x	n/a
Standard Chartered	$51.0B	2.5x	n/a
Huatai Securities	$51.0B	8.8x	25.3x
GF Securities	$50.7B	11.7x	29.0x
HSBC	$49.8B	0.7x	n/a
China Securities	$47.0B	11.9x	n/a
BTG Pactual	$45.0B	n/a	n/a
China Galaxy Securities	$41.6B	8.5x	n/a
China Merchants	$39.9B	11.4x	21.2x
Guosen Securities	$37.4B	12.0x	n/a
Shenwan Hongyuan	$36.8B	8.8x	n/a
Firstrand	$36.0B	4.2x	n/a
Raiffeisen Bank	$35.9B	4.0x	n/a
Korea Investment Holdings	$35.4B	15.7x	n/a
Société Générale	$31.6B	1.0x	n/a
Riyad Bank	$29.5B	6.1x	n/a
Daiwa Securities Group	$29.0B	4.5x	n/a
Orient Securities	$25.8B	9.1x	n/a
Santander Brasil	$23.7B	1.6x	n/a
Banco Bci	$23.7B	7.6x	n/a
Mega Financial Holding Co	$23.6B	9.4x	n/a
Jefferies	$22.9B	3.1x	22.0x
Mirae Asset Securities	$22.0B	9.5x	n/a
Everbright Securities	$20.2B	12.3x	n/a
China Industrial Securities	$18.7B	10.0x	n/a
Founder Securities	$18.2B	12.3x	n/a
Hua Nan Financial Holdings	$17.4B	n/a	n/a
Banco de Oro	$17.4B	3.6x	n/a
Scotiabank Chile	$16.0B	n/a	n/a
Kiwoom Securities	$15.3B	10.4x	n/a
Cinda Securities	$15.2B	32.9x	n/a
Zhongtai Securities	$14.2B	8.0x	n/a
Soochow Securities	$13.1B	9.3x	n/a
Evercore	$13.1B	3.8x	18.1x
Houlihan Lokey	$13.0B	5.1x	n/a
Tianfeng Securities Co	$12.9B	n/a	n/a
Stifel	$12.9B	2.4x	n/a
Zheshang Securities	$12.4B	6.1x	n/a
Changjiang Securities	$11.6B	8.8x	n/a
Guoyuan Securities	$11.3B	10.6x	n/a
China Great Wall Secs	$11.2B	n/a	n/a
Capital Securities Corp.	$10.8B	n/a	n/a
Samsung Securities	$10.5B	6.5x	n/a
Dongxing Securities	$9.3B	n/a	n/a
Nomura	$8.8B	0.7x	1.9x
Western Securities	$8.2B	n/a	n/a
HuaAn Securities Co	$7.6B	n/a	n/a
Nanjing Securities	$7.5B	17.0x	n/a
Southwest Securities	$7.4B	20.6x	n/a
Motilal Oswal	$7.1B	7.4x	17.3x
Hongta Securities	$7.1B	n/a	n/a
BOC International China	$6.9B	n/a	n/a
Turkiye Sinai Kalkinma	$6.3B	n/a	n/a
Turkiye Kalkinma	$6.1B	n/a	n/a
Piper Sandler	$5.9B	3.5x	n/a
Lazard	$5.6B	1.9x	12.1x
Northeast Securities	$5.3B	5.8x	n/a
Moelis & Company	$5.0B	3.5x	19.3x
PJT Partners	$4.5B	2.8x	13.7x
Pacific Securities Co.	$4.1B	n/a	n/a
SSI Securities	$3.3B	9.9x	n/a
EdelweissFin	$3.2B	n/a	n/a
Investec	$3.2B	1.1x	n/a
JM Financial	$3.1B	n/a	n/a
IBF Financial Holdings	$2.8B	n/a	n/a
BRBI BR Partners	$2.6B	n/a	n/a
Tokai Tokyo Financial Holdings	$2.3B	3.9x	n/a
B. Riley Financial	$1.8B	n/a	n/a
Yuanta Securities Korea	$1.7B	n/a	n/a
Sociedad de Inversiones	$1.6B	n/a	n/a
Oppenheimer Holdings	$1.6B	n/a	n/a
GBM	$1.6B	n/a	n/a
Capital Securities	$1.5B	n/a	n/a
Invex Controladora	$1.3B	1.0x	n/a
Shin Young Securities	$1.3B	n/a	n/a
Ho Chi Minh City Securities	$1.3B	n/a	n/a
Perella Weinberg Partners	$1.3B	1.6x	n/a
Nihon M&A Center	$1.3B	4.2x	10.9x
Vietcap	$1.2B	8.8x	n/a
Vndirect Securities	$1.2B	6.1x	n/a
İş Yatırım	$1.2B	n/a	n/a
Monex SAB de	$1.1B	n/a	n/a
Value Grupo Financiero	$992M	n/a	n/a
LS Securities	$795M	n/a	n/a
EFG Holding	$770M	1.6x	n/a
Investec	$662M	n/a	n/a
Canaccord Genuity	$636M	0.5x	n/a
Nitratos de Chile	$471M	n/a	n/a
Baader Bank	$465M	1.4x	n/a
Equita Group	$436M	3.9x	n/a
M&A Research Institute	$360M	3.2x	10.9x
AMTD IDEA	$281M	n/a	n/a
Alantra Partners	$268M	n/a	n/a
Gedik Yatırım	$263M	n/a	n/a
Oyak Yatirim	$218M	n/a	n/a
Novetum	$206M	n/a	n/a
DAM Capital Advisors	$183M	n/a	n/a
Planner Corretora	$126M	n/a	n/a
Mangold	$95.6M	n/a	n/a
Valartis Group	$76.6M	n/a	n/a
Grande Group	$70.6M	n/a	n/a
Dominari Holdings	$60.4M	n/a	n/a
MMTEC	$44.9M	n/a	n/a
Rikhav Securities	$32.1M	n/a	n/a
Reino Capital	$19.7M	n/a	n/a
Letus Capital	$18.9M	n/a	n/a
Novavis Group	$11.8M	30.8x	-13.1x
Skyline Investment	$9.6M	n/a	n/a
Capital Partners	$1.2M	n/a	n/a
New Tech Capital	-$1.6M	n/a	n/a
Igoria Trade	-$2.3M	n/a	n/a
Kuwait Investment Company	-$46.1M	n/a	n/a
NWAI Dom Maklerski	-$46.3M	n/a	n/a
IPOPEMA Securities	-$46.9M	n/a	n/a
Kyobo Securities	-$261M	n/a	n/a
Guolian Securities	-$1.7B	-1.9x	n/a
CICC	-$1.9B	-0.5x	-1.4x
SDIC Capital	-$5.8B	n/a	n/a
China Securities HK	-$11.3B	-2.9x	n/a