Investment Brokerage Valuation Multiples and Public Comps

Investment Brokerage

See analyst estimates and all valuation multiples for Investment Brokerage

Company	EV	EV/LTM Revenue	EV/LTM EBITDA
Charles Schwab	$219B	9.2x	16.0x
Guotai Haitong Securities	$106B	12.5x	n/a
Robinhood	$94.0B	20.8x	37.1x
CITIC Securities	$86.5B	7.8x	n/a
Coinbase	$50.5B	6.8x	17.1x
China Securities	$49.2B	n/a	n/a
China Merchants	$46.1B	13.2x	n/a
Shenwan Hongyuan	$39.5B	9.7x	n/a
China Galaxy Securities	$39.1B	8.1x	n/a
LPL Financial	$35.5B	2.1x	16.3x
Daiwa Securities Group	$30.0B	5.5x	n/a
Interactive Brokers	$28.7B	4.7x	6.0x
Mirae Asset Securities	$27.3B	11.7x	n/a
Orient Securities	$25.9B	9.2x	n/a
StoneX Group	$22.6B	5.3x	n/a
Futu Holdings	$22.4B	7.9x	13.1x
China Industrial Securities	$20.1B	9.6x	n/a
Founder Securities	$19.0B	11.0x	n/a
Kiwoom Securities	$18.4B	11.4x	n/a
Zhongtai Securities	$16.1B	n/a	n/a
Cinda Securities	$14.5B	n/a	n/a
Soochow Securities	$14.4B	7.5x	n/a
Changjiang Securities	$13.9B	8.6x	n/a
Zheshang Securities	$13.8B	11.1x	n/a
Samsung Securities	$12.8B	7.6x	n/a
Guoyuan Securities	$12.1B	13.3x	n/a
Tianfeng Securities Co	$11.4B	n/a	n/a
China Great Wall Secs	$11.3B	n/a	n/a
Dongxing Securities	$11.3B	n/a	n/a
Daishin Securities	$10.4B	n/a	n/a
Capital Securities Corp.	$9.7B	n/a	n/a
Voya Financial	$9.5B	1.2x	n/a
XP Investimentos	$9.4B	2.8x	8.4x
Guolian Securities	$9.3B	8.7x	n/a
HuaAn Securities Co	$9.2B	n/a	n/a
Nanjing Securities	$8.8B	n/a	n/a
Swissquote	$8.6B	9.1x	n/a
Western Securities	$8.5B	11.2x	n/a
BOC International China	$7.8B	16.8x	n/a
Nordnet	$7.6B	12.7x	n/a
Southwest Securities	$7.3B	15.7x	n/a
Chinalin Securities	$7.2B	30.8x	n/a
Freedom Holding	$6.9B	n/a	n/a
Hongta Securities	$6.8B	21.0x	n/a
Motilal Oswal	$6.0B	6.2x	13.7x
Northeast Securities	$5.9B	8.1x	n/a
IG Group	$5.6B	3.7x	7.8x
BGC Group	$5.3B	1.8x	6.4x
Okasan Securities	$4.3B	8.1x	n/a
Pacific Securities Co.	$4.2B	21.6x	n/a
Matsui Securities	$3.4B	13.5x	n/a
Webull	$3.1B	5.7x	23.4x
Plus500	$3.1B	4.1x	9.0x
SSI Securities	$3.0B	7.2x	12.6x
Central Depository Services	$3.0B	23.0x	n/a
IBF Financial Holdings	$2.8B	n/a	n/a
Tradition	$2.7B	1.8x	12.0x
Tokai Tokyo Financial Holdings	$2.7B	4.5x	n/a
JM Financial	$2.6B	n/a	n/a
Tera Yatirim	$2.3B	n/a	n/a
Yuanta Securities Korea	$2.0B	n/a	n/a
XTB	$1.9B	3.3x	n/a
BaoViet	$1.9B	1.2x	n/a
Angel One	$1.9B	3.7x	11.5x
Choice International	$1.7B	14.3x	41.4x
GBM	$1.7B	n/a	n/a
Shin Young Securities	$1.7B	n/a	n/a
Monex Group	$1.6B	3.5x	27.9x
Capital Securities	$1.6B	n/a	n/a
Ho Chi Minh City Securities	$1.5B	n/a	n/a
Oppenheimer Holdings	$1.5B	n/a	n/a
eToro	$1.5B	1.7x	4.6x
İş Yatırım	$1.4B	n/a	n/a
TP ICAP	$1.3B	0.4x	2.4x
Berliner	$1.1B	n/a	n/a
Tiger Brokers	$1.0B	1.9x	4.3x
Vietcap	$1.0B	6.1x	n/a
Vndirect Securities	$941M	3.6x	n/a
IIFL Capital	$929M	n/a	n/a
CMC Markets	$859M	1.7x	5.1x
LS Securities	$851M	n/a	n/a
Bell Financial Group	$743M	4.0x	17.1x
President Securities	$623M	n/a	n/a
Equita Group	$479M	3.8x	n/a
EFG Holding	$443M	0.9x	n/a
Bourse Direct	$396M	4.7x	12.0x
Corporacion Actinver	$389M	0.6x	n/a
JDC Group	$378M	1.2x	15.4x
flatexDEGIRO	$366M	0.6x	1.2x
ABG Sundal Collier Hldg	$337M	n/a	n/a
Gedik Yatırım	$271M	n/a	n/a
Sino	$270M	21.0x	128.4x
OVB Holding	$219M	0.4x	7.5x
General Shopping	$200M	n/a	n/a
Directa Sim	$160M	n/a	n/a
Cairo Mezz	$158M	n/a	n/a
Oyak Yatirim	$151M	n/a	n/a
Euroz Hartleys Group	$145M	n/a	n/a
First Capital	$105M	n/a	n/a
Mangold	$101M	n/a	n/a
Bluemount Holdings	$94.9M	n/a	n/a
Share India	$65.3M	n/a	n/a
BTCS	$58.2M	4.2x	n/a
Plutus Financial Group	$41.6M	n/a	n/a
K33	$35.7M	n/a	n/a
TOP Financial Group	$33.0M	n/a	n/a
Confinvest FL	$19.9M	0.3x	15.3x
SSIF BRK Financial Gr	$16.0M	n/a	n/a
Spotlight Group	$14.4M	n/a	n/a
5paisa	$13.0M	n/a	n/a
Solutions Capital Mgmt	$11.7M	n/a	n/a
Skyline Investment	$10.0M	n/a	n/a
Norwegian Block Exchange	$9.5M	n/a	n/a
Favorit Hold	$9.4M	n/a	n/a
GreenMerc	$8.9M	n/a	n/a
Havsfrun Investment	$7.4M	n/a	n/a
Di Volio	$6.9M	n/a	n/a
Dom Maklerski IDM	$6.8M	n/a	n/a
Premier Capital Services	$3.7M	n/a	n/a
Ambromobiliare	$2.9M	n/a	n/a
Goobit Group	$2.8M	n/a	n/a
ImPulse Growth	$2.5M	n/a	n/a
Rikhav Securities	$1.5M	n/a	n/a
LCP Hldgs and Inv Public	-$1.3M	n/a	n/a
New Tech Capital	-$1.8M	n/a	n/a
Igoria Trade	-$2.3M	n/a	n/a
Industrial Capital Hldgs	-$4.5M	n/a	n/a
COL Financial Group	-$23.2M	n/a	n/a
IPOPEMA Securities	-$144M	n/a	n/a
Siebert Financial	-$173M	n/a	n/a
Kyobo Securities	-$297M	n/a	n/a
Lang & Schwarz	-$813M	n/a	n/a