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| Company | Headquarters | Sector | Stock Price | Enterprise Value | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|---|
| Morgan Stanley | United States of America | Investment Banking, Asset Management | $174 | $398B | 5.7x | N/A |
| Goldman Sachs | United States of America | Investment Banking, Asset Management | $837 | $295B | 5.0x | N/A |
| BlackRock | United States of America | Asset Management, Private Equity | $1080 | $170B | 7.2x | 17.5x |
| Blackstone | United States of America | Asset Management, Private Equity | $152 | $130B | 10.4x | 17.3x |
| Strategy | United States of America | BI & Analytics Software, Productivity Software, Blockchain & Crypto, Asset Management | $188 | $68.1B | 145.7x | 1830.0x |
| Prudential Financial | United States of America | Insurance Carriers, Asset Management | $110 | $61.5B | 1.1x | 7.1x |
| Ares Management | United States of America | Asset Management, Private Equity | $162 | $48.4B | 10.8x | 25.8x |
| Annaly Capital Management | United States of America | Asset Management | $23 | $46.8B | 27.1x | 7.5x |
| Ameriprise Financial | United States of America | Asset Management | $470 | $39.8B | 2.2x | 7.0x |
| Northern Trust | United States of America | Asset Management | $132 | $37.5B | 4.7x | N/A |
| KKR | United States of America | Private Equity, Asset Management | $126 | $35.6B | 4.3x | 6.6x |
| Raymond James | United States of America | Asset Management | $159 | $35.5B | 2.5x | N/A |
| Carlyle Group | United States of America | Private Equity, Asset Management | $56 | $32.8B | 8.6x | 20.1x |
| Ares Capital | United States of America | Asset Management, Private Equity | $21 | $30.5B | 10.0x | 8.4x |
| Corebridge Financial | United States of America | Asset Management | $30 | $25.6B | 1.3x | 7.2x |
| Jefferies | United States of America | Investment Banking, Asset Management | $58 | $24.3B | 3.3x | 23.3x |
| State Street | United States of America | Asset Management, Investment Banking | $121 | $22.1B | 1.6x | N/A |
| Franklin Resources | United States of America | Asset Management | $23 | $21.7B | 3.2x | 11.0x |
| T. Rowe Price | United States of America | Asset Management, Private Equity | $105 | $19.7B | 2.7x | 6.8x |
| Principal Financial Group | United States of America | Asset Management | $86 | $17.7B | 1.1x | 6.8x |
| Blue Owl Capital Inc. | United States of America | Asset Management | $16 | $14.1B | 5.3x | 9.5x |
| Invesco | United States of America | Asset Management | $24 | $14.0B | 3.0x | 8.8x |
| TPG | United States of America | Asset Management, Private Equity | $61 | $11.7B | 5.1x | 11.8x |
| FS KKR Capital | United States of America | Asset Management | $15 | $11.6B | 7.5x | 7.5x |
| Affiliated Managers Group | United States of America | Asset Management | $272 | $9.5B | 4.6x | 9.1x |
| HASI | United States of America | Asset Management | $33 | $9.4B | 24.1x | 20.0x |
| SEIC | United States of America | Asset Management | $81 | $9.1B | 4.0x | 11.8x |
| Voya Financial | United States of America | Investment Brokerage, Asset Management | $71 | $9.0B | 1.2x | N/A |
| Golub Capital BDC | United States of America | Asset Management | $14 | $8.6B | 10.0x | N/A |
| Main Street Capital | United States of America | Asset Management | $59 | $7.5B | 13.3x | N/A |
| Equitable Holdings | United States of America | Insurance Carriers, Asset Management | $46 | $7.0B | 0.5x | 2.7x |
| Lazard | United States of America | Investment Banking, Asset Management | $53 | $5.9B | 1.9x | 12.5x |
| Hamilton Lane | United States of America | Asset Management | $123 | $5.4B | 7.4x | 16.1x |
| StepStone Group | United States of America | Private Equity, Asset Management | $63 | $5.0B | 4.8x | 10.7x |
| Victory Capital Holdings | United States of America | Asset Management | $62 | $4.9B | 3.9x | 7.6x |
| Janus Henderson | United States of America | Asset Management | $44 | $4.7B | 1.8x | 5.8x |
| Burford Capital | United States of America | Asset Management | $10 | $4.2B | 9.9x | N/A |
| Federated Hermes | United States of America | Asset Management | $51 | $3.7B | 2.1x | 7.1x |
| AllianceBernstein | United States of America | Asset Management | $41 | $3.7B | 1.1x | 3.1x |
| Prospect Capital | United States of America | Asset Management | $3 | $3.2B | 4.7x | N/A |
| Virtus Investment Partners | United States of America | Asset Management | $163 | $3.2B | 4.0x | 11.7x |
| MidCap Financial | United States of America | Asset Management | $12 | $3.1B | 9.5x | N/A |
| Cohen & Steers | United States of America | Asset Management | $62 | $3.0B | 5.5x | N/A |
| Artisan Partners | United States of America | Asset Management | $43 | $3.0B | 2.5x | 7.2x |
| New Mountain Finance | United States of America | Asset Management | $10 | $2.8B | 8.3x | N/A |
| Oaktree Specialty Lending | United States of America | Asset Management | $14 | $2.7B | 8.6x | 8.5x |
| Patria Investments | United States of America | Asset Management | $15 | $2.5B | 6.6x | 12.5x |
| Capital Southwest | United States of America | Asset Management | $22 | $2.3B | 10.3x | N/A |
| Carlyle Secured Lending | United States of America | Asset Management | $13 | $2.2B | 8.8x | 8.7x |
| Oxford Lane Capital | United States of America | Asset Management | $15 | $2.0B | 4.0x | N/A |
| WisdomTree | United States of America | Asset Management | $11 | $1.9B | 3.9x | 10.4x |
| Acadian Asset Management | United States of America | Asset Management | $45 | $1.8B | 3.1x | 9.4x |
| BlackRock TCP Cap | United States of America | Asset Management | $6 | $1.6B | 7.6x | N/A |
| P10 | United States of America | Asset Management | $10 | $1.5B | 4.9x | 12.4x |
| Crescent Capital BDC | United States of America | Asset Management | $15 | $1.4B | 8.4x | N/A |
| Eagle Point Credit Co | United States of America | Asset Management | $6 | $1.3B | 6.4x | N/A |
| Fidus Investment | United States of America | Asset Management | $20 | $1.3B | 8.2x | N/A |
| Gladstone Inv | United States of America | Asset Management | $14 | $1.1B | 11.2x | N/A |
| Tortoise Energy Infr | United States of America | Asset Management | $43 | $1.1B | N/A | N/A |
| Abacus Global Management | United States of America | Asset Management, Insurance Carriers | $7 | $1.0B | 4.8x | 8.3x |
| GCM Grosvenor | United States of America | Asset Management | $11 | $989M | 1.9x | 4.4x |
| Gladstone Cap | United States of America | Asset Management | $21 | $877M | 9.7x | N/A |
| Horizon Tech Finance | United States of America | Asset Management | $7 | $720M | 8.2x | N/A |
| Vinci Partners | United States of America | Asset Management | $12 | $644M | 4.0x | 12.3x |
| BNY Mellon Strategic | United States of America | Asset Management | $6 | $528M | N/A | N/A |
| WhiteHorse Finance | United States of America | Asset Management | $7 | $498M | 6.8x | 6.8x |
| Barings Corporate Invts | United States of America | Asset Management | $21 | $472M | N/A | N/A |
| Boston Omaha | United States of America | Asset Management | $13 | $448M | 3.9x | 21.3x |
| Calamos L/S Equity | United States of America | Asset Management | $15 | $412M | N/A | N/A |
| RMR Gr | United States of America | Asset Management | $15 | $405M | 0.6x | 5.0x |
| Blackrock Muniyield NY | United States of America | Asset Management | $10 | $389M | N/A | N/A |
| Innventure | United States of America | Asset Management | $5 | $368M | 120.6x | N/A |
| Destiny Tech100 | United States of America | Asset Management | $24 | $353M | N/A | N/A |
| Monroe Cap | United States of America | Asset Management | $7 | $352M | 9.0x | N/A |
| SuRo Capital | United States of America | Private Equity, Asset Management | $10 | $315M | 199.2x | N/A |
| Great Elm Capital | United States of America | Asset Management | $8 | $309M | 6.2x | N/A |
| OFS Capital | United States of America | Asset Management | $5 | $303M | 7.2x | N/A |
| Oxford Square Cap | United States of America | Asset Management | $2 | $302M | 7.5x | N/A |
| Diamond Hill Investment | United States of America | Asset Management | $117 | $280M | N/A | N/A |
| Chicago Atlantic BDC | United States of America | Asset Management | $11 | $257M | 4.9x | N/A |
| PhenixFIN | United States of America | Asset Management | $43 | $231M | 9.6x | N/A |
| SWK Holdings | United States of America | Asset Management | $17 | $230M | 5.1x | N/A |
| ArrowMark Financial | United States of America | Asset Management | $21 | $217M | N/A | N/A |
| Ellington Credit | United States of America | Asset Management | $5 | $199M | 4.5x | N/A |
| Investcorp Credit | United States of America | Asset Management | $3 | $169M | 9.4x | N/A |
| Waton Financial | United States of America | Asset Management | $3 | $142M | N/A | N/A |
| OFS Credit Co | United States of America | Asset Management | $5 | $140M | 3.0x | N/A |
| Virtus Glb Multi-Sector | United States of America | Asset Management | $8 | $127M | N/A | N/A |
| Westwood Holdings Gr | United States of America | Asset Management | $17 | $127M | N/A | N/A |
| PEARL DIVER CREDIT CO | United States of America | Asset Management | $15 | $110M | N/A | N/A |
| Silvercrest Asset Mgmt Gr | United States of America | Asset Management | $15 | $105M | 0.8x | 4.7x |
| CaliberCos | United States of America | Asset Management | $2 | $64.2M | 3.6x | N/A |
| Binah Capital Group | United States of America | Asset Management | $2 | $62.0M | N/A | N/A |
| Hennessy Advisors | United States of America | Asset Management | $10 | $49.4M | N/A | N/A |
| Rand Capital | United States of America | Asset Management | $14 | $42.2M | N/A | N/A |
| Heritage Global | United States of America | Asset Management | $1 | $30.9M | 0.6x | 3.9x |
| Noah Holdings | United States of America | Asset Management | $11 | $6.6M | 0.0x | 0.1x |
| Apollo Asset Management | United States of America | Asset Management, Private Equity | $134 | -$154B | -7.7x | -25.0x |
Valuation multiples as of last 12 months (LTM). Stock prices as of December 5, 2025. Financial data powered by Morningstar and FactSet.
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