Investment Brokerage Valuation Multiples and Public Comps

Investment Brokerage

See analyst estimates and all valuation multiples for Investment Brokerage

Company	EV	EV/Revenue	EV/EBITDA
Charles Schwab	$194B	9.5x	17.7x
CITIC Securities	$77.0B	8.4x	n/a
Guotai Junan International	$56.3B	9.0x	n/a
China Securities	$43.1B	10.2x	n/a
China Merchants	$42.4B	10.8x	n/a
Coinbase	$39.3B	5.6x	11.4x
China Galaxy Securities	$37.5B	7.6x	n/a
Shenwan Hongyuan	$36.5B	8.2x	n/a
Robinhood	$35.6B	11.3x	22.7x
LPL Financial	$29.6B	2.3x	13.3x
Orient Securities	$24.2B	9.0x	n/a
Daiwa Securities Group	$21.5B	5.1x	18.6x
Founder Securities	$16.6B	15.3x	n/a
Mirae Asset Securities	$15.6B	8.1x	n/a
China Industrial Securities	$15.6B	7.4x	n/a
Interactive Brokers	$15.1B	2.9x	n/a
StoneX Group	$14.5B	4.1x	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
Futu Holdings	$10.3B	5.5x	11.1x
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
Daishin Securities	$8.0B	18.6x	n/a
Voya Financial	$7.8B	1.0x	n/a
Western Securities	$7.4B	8.8x	n/a
HuaAn Securities Co	$7.1B	n/a	n/a
XP Investimentos	$7.0B	2.3x	6.6x
Nanjing Securities	$6.7B	n/a	n/a
Swissquote	$6.2B	8.3x	n/a
Southwest Securities	$6.1B	n/a	n/a
Freedom Holding	$6.0B	n/a	n/a
Nordnet	$5.9B	11.7x	n/a
Hongta Securities	$5.9B	23.3x	n/a
Chinalin Securities	$5.5B	n/a	n/a
BOC International China	$5.1B	13.8x	n/a
BGC Group	$4.8B	2.0x	n/a
Motilal Oswal	$4.5B	4.6x	14.5x
Northeast Securities	$4.1B	n/a	n/a
Okasan Securities	$3.8B	n/a	n/a
IG Group	$3.5B	2.7x	5.5x
Pacific Securities Co.	$3.4B	20.7x	n/a
Matsui Securities	$3.2B	10.2x	n/a
Central Depository Services	$2.7B	20.8x	n/a
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
TP ICAP	$2.0B	0.7x	4.7x
Capital Securities	$2.0B	n/a	n/a
Plus500	$1.9B	2.5x	5.5x
Tokai Tokyo Financial Holdings	$1.9B	3.0x	n/a
XTB	$1.8B	3.6x	n/a
SSI Securities	$1.7B	5.0x	n/a
Tradition	$1.6B	n/a	n/a
Angel One	$1.5B	2.7x	7.3x
Ho Chi Minh City Securities	$1.4B	n/a	n/a
Monex Group	$1.4B	2.9x	30.9x
BaoViet	$1.3B	0.8x	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
Choice International	$1.1B	n/a	n/a
GBM	$1.0B	n/a	n/a
Vietcap	$941M	6.3x	n/a
Tiger Brokers	$928M	2.3x	7.9x
Shin Young Securities	$883M	n/a	n/a
Berliner	$793M	n/a	n/a
LS Securities	$673M	n/a	n/a
Bell Financial Group	$661M	3.8x	17.3x
Vndirect Securities	$614M	2.7x	n/a
President Securities	$521M	n/a	n/a
EFG Holding	$514M	1.1x	n/a
CMC Markets	$481M	1.0x	3.4x
Tera Yatirim	$346M	n/a	n/a
Equita Group	$322M	3.6x	n/a
IIFL Capital	$317M	n/a	n/a
Bourse Direct	$298M	3.8x	9.5x
JDC Group	$250M	1.0x	13.7x
Sino	$215M	29.3x	204.6x
OVB Holding	$214M	0.5x	6.3x
Gedik Yatırım	$163M	n/a	n/a
Directa Sim	$146M	n/a	n/a
Share India	$143M	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
SelfWealth	$40.6M	n/a	n/a
Plutus Financial Group	$33.5M	n/a	n/a
TOP Financial Group	$28.7M	n/a	n/a
Rikhav Securities	$14.3M	n/a	n/a
BTCS	-$6.6M	-1.6x	n/a
COL Financial Group	-$9.9M	n/a	n/a
IPOPEMA Securities	-$23.5M	n/a	n/a
5paisa	-$32.5M	n/a	n/a
Siebert Financial	-$63.6M	n/a	n/a
Lang & Schwarz	-$589M	n/a	n/a
Kyobo Securities	-$768M	n/a	n/a
flatexDEGIRO	-$1.3B	-2.5x	-5.7x