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	$994B	5.6x	n/a
Bank of America	$691B	6.7x	n/a
Wells Fargo	$555B	6.7x	n/a
Goldman Sachs	$508B	9.4x	n/a
Royal Bank of Canada	$507B	12.3x	n/a
Bank Of China	$506B	5.9x	n/a
Citigroup	$503B	6.2x	n/a
Santander	$432B	6.7x	n/a
MUFG	$323B	8.4x	n/a
UBS	$310B	6.8x	n/a
TD Bank	$289B	7.4x	n/a
Scotiabank	$280B	11.6x	n/a
Morgan Stanley	$268B	4.3x	n/a
Bank of Montreal	$259B	11.1x	n/a
BNP Paribas	$249B	4.9x	n/a
Nordea	$248B	19.4x	n/a
ING Group	$219B	9.3x	n/a
Credit Agricole	$196B	6.9x	n/a
HSBC	$187B	2.8x	n/a
UniCredit	$172B	6.7x	n/a
Deutsche Bank	$168B	5.3x	n/a
U.S. Bank	$152B	5.5x	n/a
National Australia Bank	$149B	11.5x	n/a
Canadian Imperial Bank	$148B	8.1x	n/a
BBVA	$147B	4.0x	n/a
Sumitomo Mitsui Trust Bank	$136B	25.9x	n/a
PNC Financial Services	$136B	6.3x	n/a
Truist	$130B	9.0x	n/a
Standard Chartered	$109B	5.6x	n/a
CaixaBank	$107B	6.5x	n/a
Barclays	$103B	3.1x	n/a
ABN AMRO Bank	$99.8B	10.8x	n/a
BNY Mellon	$98.3B	5.3x	n/a
Al Rajhi Bank	$96.2B	11.1x	n/a
CITIC Securities	$80.4B	9.0x	28.0x
Lloyds Banking Group	$73.6B	3.4x	n/a
Macquarie Group	$73.0B	6.7x	n/a
Santander Brasil	$71.7B	5.0x	n/a
Haitong Securities	$49.3B	20.3x	n/a
Mediobanca	$44.2B	11.6x	n/a
Huatai Securities	$43.1B	7.4x	57.8x
China Securities	$40.0B	13.0x	n/a
China Merchants	$39.7B	13.9x	123.0x
GF Securities	$39.2B	11.3x	38.7x
Shenwan Hongyuan	$36.8B	11.7x	n/a
Guotai Junan International	$35.5B	5.9x	n/a
China Galaxy Securities	$34.5B	7.0x	-38.8x
Société Générale	$34.3B	1.2x	n/a
Raiffeisen Bank	$30.9B	3.5x	n/a
Firstrand	$29.4B	3.8x	n/a
Guosen Securities	$29.1B	11.8x	n/a
Korea Investment Holdings	$28.6B	15.6x	n/a
Riyad Bank	$27.2B	5.8x	n/a
Commerzbank	$24.3B	2.1x	n/a
Daiwa Securities Group	$23.0B	5.0x	20.0x
Orient Securities	$23.0B	8.9x	n/a
Jefferies	$21.7B	3.0x	17.9x
Banco Bci	$21.6B	7.4x	n/a
State Street	$20.3B	1.6x	n/a
Mega Financial Holding	$20.1B	8.3x	n/a
BTG Pactual	$19.3B	n/a	n/a
Everbright Securities	$17.0B	n/a	n/a
Founder Securities	$16.7B	16.0x	n/a
China Industrial Securities	$16.0B	9.6x	n/a
Hua Nan Financial Holdings	$15.5B	7.7x	n/a
Scotiabank Chile	$15.1B	n/a	n/a
AVIC Industry-Finance	$14.5B	n/a	n/a
Zhongtai Securities	$13.4B	9.1x	n/a
Banco de Oro	$13.0B	2.7x	n/a
Mirae Asset Securities	$12.9B	6.6x	n/a
Tianfeng Securities Co	$12.0B	n/a	n/a
Houlihan Lokey	$11.6B	5.0x	n/a
Soochow Securities	$11.5B	7.2x	n/a
Stifel	$11.3B	2.2x	n/a
Cinda Securities	$11.0B	25.3x	n/a
Zheshang Securities	$10.9B	4.7x	n/a
Kiwoom Securities	$10.7B	8.3x	n/a
Evercore	$10.4B	3.4x	16.6x
Changjiang Securities	$10.3B	9.6x	n/a
Guoyuan Securities	$9.6B	10.6x	n/a
China Great Wall	$9.6B	n/a	n/a
Capital Securities Corp.	$9.4B	n/a	n/a
Samsung Securities	$8.7B	5.7x	n/a
Dongxing Securities	$8.6B	n/a	n/a
Western Securities	$7.9B	9.4x	n/a
HuaAn Securities Co	$6.9B	n/a	n/a
Southwest Securities	$6.6B	19.3x	n/a
Nanjing Securities	$6.4B	n/a	n/a
Hongta Securities	$6.2B	25.2x	n/a
BOC International China	$5.5B	15.0x	n/a
Lazard	$5.1B	1.7x	11.4x
Moelis & Company	$5.1B	4.1x	22.8x
Piper Sandler	$4.8B	3.1x	n/a
Motilal Oswal	$4.5B	4.8x	n/a
Northeast Securities	$4.3B	n/a	n/a
PJT Partners	$4.1B	2.7x	13.7x
ICICI Securities	$4.1B	9.1x	14.5x
Pacific Securities Co.	$3.9B	24.1x	n/a
EdelweissFin	$3.4B	n/a	n/a
JM Financial	$2.7B	4.9x	n/a
IBF Financial Holdings	$2.4B	n/a	n/a
Investec	$2.3B	0.8x	n/a
Capital Securities	$2.1B	n/a	n/a
Tokai Tokyo Financial Holdings	$1.9B	3.2x	n/a
SSI Securities	$1.9B	6.0x	n/a
Oppenheimer Holdings	$1.4B	n/a	n/a
İş Yatırım	$1.3B	n/a	n/a
Ho Chi Minh City Securities	$1.3B	n/a	n/a
Perella Weinberg Partners	$1.2B	1.4x	n/a
Yuanta Securities Korea	$1.2B	n/a	n/a
Nihon M&A Center	$1.1B	3.6x	10.1x
Value Grupo Financiero	$1.0B	n/a	n/a
Corporativo Gbm	$949M	n/a	n/a
Shin Young Securities	$946M	n/a	n/a
Vietcap	$941M	8.4x	n/a
LS Securities	$784M	n/a	n/a
M&A Research Institute	$485M	3.8x	7.8x
Vndirect Securities	$478M	1.9x	n/a
Equita Group	$316M	3.6x	n/a
Canaccord Genuity	$314M	0.3x	n/a
Alantra Partners	$276M	n/a	n/a
EFG Holding	$272M	0.6x	n/a
DAM Capital Advisors	$184M	n/a	n/a
Gedik Yatırım	$167M	n/a	n/a
Oyak Yatirim	$116M	n/a	n/a
Planner Corretora	$94.2M	n/a	n/a
Mangold	$73.8M	n/a	n/a
Reino Capital	$28.1M	n/a	n/a
Rikhav Securities	$21.9M	n/a	n/a
Letus Capital	$16.8M	n/a	n/a
Novavis Group	$12.1M	7.7x	151.6x
NWAI Dom Maklerski	-$23.5M	n/a	n/a
IPOPEMA Securities	-$23.5M	n/a	n/a
Kuwait Investment Company	-$54.7M	n/a	n/a
Kyobo Securities	-$379M	n/a	n/a
Guolian Securities	-$535M	-1.3x	n/a
CICC	-$2.3B	-0.8x	-2.9x
SDIC Capital	-$5.2B	-2.7x	n/a
Nomura	-$16.1B	-1.3x	-3.8x
CSC Financial	-$16.5B	-5.3x	n/a