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JM Financial Valuation Multiples
Discover revenue and EBITDA valuation multiples for JM Financial and similar public comparables like CMC Markets, WAM Capital, Mercialys, Nihon M&A Center and more.
JM Financial Overview
About JM Financial
JM Financial Ltd is an India-based financial services group, specialising in providing a range of businesses to corporations, financial institutions, high-net-worth individuals, and retail investors. Its operating segment includes Investment Banking; Asset Management, Wealth Management and Securities Business (Platform AWS); Mortgage Lending; Alternative & Distressed Credit; and Others. The Investment Banking segment, which is the key revenue-generating segment, includes management of capital markets transactions, advising on mergers & acquisitions, and private equity syndication. This segment also includes institutional equities business and research, private wealth management, PMS, private equity funds, fixed income, syndication, and finance.
Founded
1986
HQ

Employees
4.7K
Website
Financials (LTM)
EV
$3B
JM Financial Financials
JM Financial reported last 12-month revenue of $296M.
In the same LTM period, JM Financial generated $122M in net income.
Revenue (LTM)
JM Financial P&L
In the most recent fiscal year, JM Financial reported revenue of $293M and net income of $88M.
JM Financial expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $296M | XXX | $293M | XXX | XXX | XXX |
| EBIT Margin | 44% | XXX | β | XXX | XXX | XXX |
| Net Profit | $122M | XXX | $88M | XXX | XXX | XXX |
| Net Margin | 41% | XXX | 30% | XXX | XXX | XXX |
| Net Debt | β | β | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
JM Financial Stock Performance
JM Financial has current market cap of $1B, and enterprise value of $3B.
Market Cap Evolution
JM Financial's stock price is $1.48.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3B | $1B | 2.4% | XXX | XXX | XXX | $0.09 |
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Start Free TrialJM Financial Valuation Multiples
JM Financial trades at 8.9x EV/Revenue multiple.
EV / Revenue (LTM)
JM Financial Financial Valuation Multiples
As of April 18, 2026, JM Financial has market cap of $1B and EV of $3B.
Equity research analysts estimate JM Financial's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
JM Financial has a P/E ratio of 11.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV/Revenue | 8.9x | XXX | 9.0x | XXX | XXX | XXX |
| EV/EBIT | 20.4x | XXX | β | XXX | XXX | XXX |
| P/E | 11.6x | XXX | 16.0x | XXX | XXX | XXX |
| EV/FCF | β | XXX | 4.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified JM Financial 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.


JM Financial Margins & Growth Rates
JM Financial's revenue in the last 12 month grew by 14%.
JM Financial's revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.0M for the same period.
JM Financial Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 14% | XXX | 1% | XXX | XXX | XXX |
| Revenue per Employee | β | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | β | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | β | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | β | XXX | 23% | XXX | XXX | XXX |
| Opex to Revenue | 56% | XXX | 63% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
JM Financial Public Comps
See public comps and valuation multiples for other Investment Banking and Asset Management comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| JM Financial | XXX | XXX | XXX | XXX | XXX | XXX |
| CMC Markets | XXX | XXX | XXX | XXX | XXX | XXX |
| WAM Capital | XXX | XXX | XXX | XXX | XXX | XXX |
| Mercialys | XXX | XXX | XXX | XXX | XXX | XXX |
| Nihon M&A Center | XXX | XXX | XXX | XXX | XXX | XXX |
| Ufuk YatΔ±rΔ±m | 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.
JM Financial M&A Activity
JM Financial acquired XXX companies to date.
Last acquisition by JM Financial was on XXXXXXXX, XXXXX. JM Financial acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by JM Financial
| 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 TrialJM Financial Investment Activity
JM Financial invested in XXX companies to date.
JM Financial made its latest investment on XXXXXXXX, XXXXX. JM Financial invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by JM Financial
| 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 JM Financial
| When was JM Financial founded? | JM Financial was founded in 1986. |
| Where is JM Financial headquartered? | JM Financial is headquartered in India. |
| How many employees does JM Financial have? | As of today, JM Financial has over 4K employees. |
| Is JM Financial publicly listed? | Yes, JM Financial is a public company listed on National Stock Exchange of India. |
| What is the stock symbol of JM Financial? | JM Financial trades under JMFINANCIL ticker. |
| When did JM Financial go public? | JM Financial went public in 2006. |
| Who are competitors of JM Financial? | JM Financial main competitors are CMC Markets, WAM Capital, Mercialys, Nihon M&A Center. |
| What is the current market cap of JM Financial? | JM Financial's current market cap is $1B. |
| What is the current revenue of JM Financial? | JM Financial's last 12 months revenue is $296M. |
| What is the current revenue growth of JM Financial? | JM Financial revenue growth (NTM/LTM) is 14%. |
| What is the current EV/Revenue multiple of JM Financial? | Current revenue multiple of JM Financial is 8.9x. |
| Is JM Financial profitable? | Yes, JM Financial is net-income-positive (as of the last 12 months). |
| What is the current net income of JM Financial? | JM Financial's last 12 months net income is $122M. |
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