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	$1.11T	6.1x	n/a
Bank of America	$780B	7.1x	n/a
Royal Bank of Canada	$601B	12.7x	n/a
Citigroup	$573B	6.7x	n/a
Santander	$528B	7.3x	n/a
BNP Paribas	$501B	8.5x	n/a
Wells Fargo	$499B	5.9x	n/a
Morgan Stanley	$390B	5.6x	n/a
UBS	$347B	7.1x	n/a
Scotiabank	$320B	11.8x	n/a
Nordea	$292B	21.4x	n/a
TD Bank	$290B	7.3x	n/a
Goldman Sachs	$287B	4.9x	n/a
MUFG	$283B	2.9x	n/a
Bank of Montreal	$283B	11.0x	n/a
ING Group	$274B	10.4x	n/a
Société Générale	$249B	7.9x	n/a
UniCredit	$229B	8.0x	n/a
Credit Agricole	$227B	7.1x	n/a
BBVA	$222B	5.3x	n/a
Barclays	$222B	5.8x	n/a
Deutsche Bank	$217B	5.9x	n/a
Lloyds Banking Group	$191B	7.7x	n/a
Canadian Imperial Bank	$184B	8.9x	n/a
National Australia Bank	$164B	12.0x	n/a
U.S. Bank	$162B	5.7x	n/a
Sumitomo Mitsui Trust Bank	$140B	26.6x	n/a
CaixaBank	$140B	7.5x	n/a
PNC Financial Services	$138B	6.0x	n/a
Truist	$137B	6.8x	n/a
Standard Chartered	$135B	6.4x	n/a
ABN AMRO Bank	$126B	12.4x	n/a
BNY Mellon	$118B	5.9x	n/a
Al Rajhi Bank	$108B	10.7x	n/a
Guotai Junan International	$104B	12.7x	n/a
CITIC Securities	$83.7B	7.8x	16.8x
Macquarie Group	$71.2B	6.1x	n/a
HSBC	$65.0B	0.9x	n/a
Huatai Securities	$60.5B	10.3x	28.9x
GF Securities	$53.8B	11.5x	29.6x
Mediobanca	$52.0B	11.9x	n/a
BTG Pactual	$51.1B	n/a	n/a
China Securities	$49.5B	10.8x	n/a
Commerzbank	$44.8B	3.2x	n/a
China Merchants	$44.6B	12.9x	22.6x
Guosen Securities	$40.0B	11.2x	n/a
China Galaxy Securities	$39.3B	8.0x	n/a
Shenwan Hongyuan	$39.0B	9.0x	n/a
Raiffeisen Bank	$38.2B	4.1x	n/a
Firstrand	$37.5B	4.3x	n/a
China Securities HK	$33.2B	7.2x	n/a
Riyad Bank	$30.3B	6.2x	n/a
Daiwa Securities Group	$28.4B	4.9x	n/a
Santander Brasil	$28.2B	1.8x	n/a
Banco Bci	$27.3B	8.4x	n/a
Orient Securities	$25.5B	9.3x	n/a
Jefferies	$24.0B	3.3x	23.1x
Mirae Asset Securities	$22.6B	10.3x	n/a
Mega Financial Holding Co	$22.1B	9.1x	n/a
State Street	$21.3B	1.5x	n/a
Everbright Securities	$19.8B	12.5x	n/a
China Industrial Securities	$19.8B	10.3x	n/a
Founder Securities	$18.4B	11.2x	n/a
Hua Nan Financial Holdings	$17.4B	n/a	n/a
Scotiabank Chile	$16.9B	n/a	n/a
Banco de Oro	$16.9B	3.4x	n/a
Zhongtai Securities	$16.1B	8.8x	n/a
Kiwoom Securities	$15.9B	10.2x	n/a
Cinda Securities	$14.5B	31.2x	n/a
Stifel	$14.0B	2.6x	n/a
Soochow Securities	$13.8B	9.8x	n/a
Zheshang Securities	$13.6B	10.5x	n/a
Evercore	$13.4B	3.7x	17.3x
Changjiang Securities	$13.0B	8.8x	n/a
Samsung Securities	$12.2B	7.3x	n/a
Guoyuan Securities	$11.8B	11.8x	n/a
Nomura	$11.6B	0.9x	2.3x
Tianfeng Securities Co	$11.6B	n/a	n/a
Houlihan Lokey	$11.5B	4.4x	n/a
China Great Wall Secs	$11.2B	n/a	n/a
Dongxing Securities	$10.8B	n/a	n/a
Capital Securities Corp.	$10.4B	n/a	n/a
Guolian Securities	$9.7B	9.6x	n/a
Western Securities	$8.2B	n/a	n/a
HuaAn Securities Co	$8.1B	n/a	n/a
Nanjing Securities	$7.8B	17.6x	n/a
BOC International China	$7.3B	n/a	n/a
Motilal Oswal	$7.3B	7.3x	16.4x
Southwest Securities	$7.0B	15.6x	n/a
Hongta Securities	$7.0B	n/a	n/a
Turkiye Sinai Kalkinma	$6.7B	n/a	n/a
Korea Investment Holdings	$6.3B	2.4x	n/a
Turkiye Kalkinma	$5.8B	n/a	n/a
Northeast Securities	$5.8B	8.0x	n/a
Lazard	$5.6B	1.9x	12.0x
Investec	$5.6B	1.9x	n/a
Piper Sandler	$5.6B	3.2x	n/a
BRBI BR Partners	$5.3B	n/a	n/a
Moelis & Company	$4.7B	3.2x	16.6x
PJT Partners	$4.1B	2.4x	11.5x
Pacific Securities Co.	$4.0B	n/a	n/a
EdelweissFin	$3.4B	n/a	n/a
JM Financial	$2.9B	n/a	n/a
IBF Financial Holdings	$2.9B	n/a	n/a
SSI Securities	$2.8B	6.7x	n/a
Tokai Tokyo Financial Holdings	$2.6B	4.3x	n/a
Sociedad de Inversiones	$2.3B	n/a	n/a
Yuanta Securities Korea	$1.9B	n/a	n/a
B. Riley Financial	$1.6B	n/a	n/a
GBM	$1.6B	n/a	n/a
Invex Controladora	$1.5B	1.0x	n/a
Oppenheimer Holdings	$1.4B	n/a	n/a
Capital Securities	$1.3B	n/a	n/a
Shin Young Securities	$1.3B	n/a	n/a
İş Yatırım	$1.3B	n/a	n/a
Nihon M&A Center	$1.2B	4.1x	10.7x
Perella Weinberg Partners	$1.2B	1.5x	n/a
Monex SAB de	$1.1B	n/a	n/a
Value Grupo Financiero	$1.1B	n/a	n/a
Vietcap	$944M	5.6x	n/a
Vndirect Securities	$913M	3.6x	n/a
Ho Chi Minh City Securities	$891M	n/a	n/a
LS Securities	$820M	n/a	n/a
Canaccord Genuity	$650M	0.5x	n/a
Nitratos de Chile	$632M	n/a	n/a
Baader Bank	$489M	1.4x	n/a
Equita Group	$450M	3.7x	n/a
M&A Research Institute	$376M	3.4x	11.2x
EFG Holding	$357M	0.7x	n/a
Gedik Yatırım	$291M	n/a	n/a
AMTD IDEA	$238M	n/a	n/a
Alantra Partners	$234M	n/a	n/a
Novetum	$207M	n/a	n/a
DAM Capital Advisors	$147M	n/a	n/a
Planner Corretora	$137M	n/a	n/a
Oyak Yatirim	$124M	n/a	n/a
Mangold	$95.2M	n/a	n/a
MMTEC	$93.0M	n/a	n/a
Valartis Group	$79.5M	n/a	n/a
Grande Group	$50.4M	n/a	n/a
Reino Capital	$20.7M	n/a	n/a
Letus Capital	$16.1M	n/a	n/a
Novavis Group	$9.6M	34.3x	-9.7x
Skyline Investment	$9.2M	n/a	n/a
Rikhav Securities	$7.8M	n/a	n/a
Capital Partners	$1.4M	n/a	n/a
Igoria Trade	-$2.0M	n/a	n/a
New Tech Capital	-$2.1M	n/a	n/a
Kuwait Investment Company	-$60.7M	n/a	n/a
NWAI Dom Maklerski	-$63.2M	n/a	n/a
Dominari Holdings	-$99.9M	n/a	n/a
Investec	-$101M	n/a	n/a
IPOPEMA Securities	-$149M	n/a	n/a
Kyobo Securities	-$463M	n/a	n/a
CICC	-$3.0B	-0.8x	-2.1x
SDIC Capital	-$9.3B	n/a	n/a