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HSBC Valuation Multiples
Discover revenue and EBITDA valuation multiples for HSBC and similar public comparables like Agricultural Bank of China, China Construction Bank, Morgan Stanley, ICBC China and more.
HSBC Overview
About HSBC
Established in 1865 in Hong Kong, London-based HSBC is one of the largest banks in the world, with assets of USD 3 trillion and over 40 million customers worldwide. It operates in more than 50 countries with over 200,000 full-time staff. Hong Kong and the United Kingdom are its two largest markets. The bank offers retail, commercial and institutional banking, global banking and markets, wealth management, and private banking.
Founded
1959
HQ

Employees
212.7K
Website
Financials (LTM)
EV
$261B
HSBC Financials
HSBC reported last 12-month revenue of $71B.
In the same LTM period, HSBC generated $23B in net income.
Revenue (LTM)
HSBC P&L
In the most recent fiscal year, HSBC reported revenue of $71B and net income of $22B.
HSBC expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $71B | XXX | $71B | XXX | XXX | XXX |
| EBIT Margin | 49% | XXX | 48% | XXX | XXX | XXX |
| Net Profit | $23B | XXX | $22B | XXX | XXX | XXX |
| Net Margin | 32% | XXX | 31% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
HSBC Stock Performance
HSBC has current market cap of $302B, and enterprise value of $261B.
Market Cap Evolution
HSBC's stock price is $17.63.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $261B | $302B | -0.7% | XXX | XXX | XXX | $1.30 |
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Start Free TrialHSBC Valuation Multiples
HSBC trades at 3.6x EV/Revenue multiple.
EV / Revenue (LTM)
HSBC Financial Valuation Multiples
As of March 31, 2026, HSBC has market cap of $302B and EV of $261B.
Equity research analysts estimate HSBC's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
HSBC has a P/E ratio of 13.3x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $302B | XXX | $302B | XXX | XXX | XXX |
| EV (current) | $261B | XXX | $261B | XXX | XXX | XXX |
| EV/Revenue | 3.6x | XXX | 3.7x | XXX | XXX | XXX |
| EV/EBIT | 7.5x | XXX | 7.6x | XXX | XXX | XXX |
| P/E | 13.3x | XXX | 13.6x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 10.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified HSBC Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


HSBC Margins & Growth Rates
HSBC's revenue in the last 12 month grew by 3%.
HSBC's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
HSBC Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 2% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 17% | XXX | XXX | XXX |
| Opex to Revenue | 50% | XXX | 51% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
HSBC Public Comps
See public comps and valuation multiples for other Commercial Banking and Investment Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Agricultural Bank of China | XXX | XXX | XXX | XXX | XXX | XXX |
| China Construction Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Morgan Stanley | XXX | XXX | XXX | XXX | XXX | XXX |
| ICBC China | XXX | XXX | XXX | XXX | XXX | XXX |
| Goldman Sachs | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
HSBC M&A Activity
HSBC acquired XXX companies to date.
Last acquisition by HSBC was on XXXXXXXX, XXXXX. HSBC acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by HSBC
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHSBC Investment Activity
HSBC invested in XXX companies to date.
HSBC made its latest investment on XXXXXXXX, XXXXX. HSBC invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by HSBC
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout HSBC
| When was HSBC founded? | HSBC was founded in 1959. |
| Where is HSBC headquartered? | HSBC is headquartered in United Kingdom. |
| How many employees does HSBC have? | As of today, HSBC has over 212K employees. |
| Who is the CEO of HSBC? | HSBC's CEO is Georges Elhedery. |
| Is HSBC publicly listed? | Yes, HSBC is a public company listed on London Stock Exchange. |
| What is the stock symbol of HSBC? | HSBC trades under HSBA ticker. |
| When did HSBC go public? | HSBC went public in 1991. |
| Who are competitors of HSBC? | HSBC main competitors are Agricultural Bank of China, China Construction Bank, Morgan Stanley, ICBC China. |
| What is the current market cap of HSBC? | HSBC's current market cap is $302B. |
| What is the current revenue of HSBC? | HSBC's last 12 months revenue is $71B. |
| What is the current revenue growth of HSBC? | HSBC revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of HSBC? | Current revenue multiple of HSBC is 3.6x. |
| Is HSBC profitable? | Yes, HSBC is net-income-positive (as of the last 12 months). |
| What is the current net income of HSBC? | HSBC's last 12 months net income is $23B. |
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