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National Australia Bank Valuation Multiples
Discover revenue and EBITDA valuation multiples for National Australia Bank and similar public comparables like Bank of Montreal, Westpac, ICICI Bank, Mizuho Financial Group and more.
National Australia Bank Overview
About National Australia Bank
National Australia Bank is the most business-focused of the four major banks, holding the largest share of business loans and the number-three spot in home loans. National Australia Bank is currently the second-largest bank by market capitalization, with the franchise covering consumer, small business, corporate, and institutional sectors. Under the UBank brand the bank also owns one of Australiaโs largest digital-only banks. Offshore operations in New Zealand round out the group.
Founded
1893
HQ

Employees
41.9K
Website
Financials (LTM)
EV
$194B
National Australia Bank Financials
National Australia Bank reported last 12-month revenue of $14B.
In the same LTM period, National Australia Bank generated $8B in gross profit and $5B in net income.
Revenue (LTM)
National Australia Bank P&L
In the most recent fiscal year, National Australia Bank reported revenue of $15B and net income of $5B.
National Australia Bank expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $14B | XXX | $15B | XXX | XXX | XXX |
| Gross Profit | $8B | XXX | โ | XXX | XXX | XXX |
| Gross Margin | 56% | XXX | โ | XXX | XXX | XXX |
| EBIT Margin | 53% | XXX | 48% | XXX | XXX | XXX |
| Net Profit | $5B | XXX | $5B | XXX | XXX | XXX |
| Net Margin | 35% | XXX | 32% | XXX | XXX | XXX |
| Net Debt | โ | โ | $89B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
National Australia Bank Stock Performance
National Australia Bank has current market cap of $103B, and enterprise value of $194B.
Market Cap Evolution
National Australia Bank's stock price is $33.69.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $194B | $103B | -0.8% | XXX | XXX | XXX | $1.57 |
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Start Free TrialNational Australia Bank Valuation Multiples
National Australia Bank trades at 13.5x EV/Revenue multiple.
EV / Revenue (LTM)
National Australia Bank Financial Valuation Multiples
As of March 14, 2026, National Australia Bank has market cap of $103B and EV of $194B.
Equity research analysts estimate National Australia Bank's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
National Australia Bank has a P/E ratio of 20.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $103B | XXX | $103B | XXX | XXX | XXX |
| EV (current) | $194B | XXX | $194B | XXX | XXX | XXX |
| EV/Revenue | 13.5x | XXX | 13.1x | XXX | XXX | XXX |
| EV/EBIT | 25.6x | XXX | 27.5x | XXX | XXX | XXX |
| EV/Gross Profit | 24.2x | XXX | โ | XXX | XXX | XXX |
| P/E | 20.8x | XXX | 21.5x | XXX | XXX | XXX |
| EV/FCF | โ | XXX | 38.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified National Australia Bank 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.


National Australia Bank Margins & Growth Rates
National Australia Bank's revenue in the last 12 month grew by 9%.
National Australia Bank's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.2M for the same period.
National Australia Bank Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 5% | XXX | XXX | XXX |
| Revenue per Employee | โ | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | โ | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | โ | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | โ | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | 48% | XXX | 50% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
National Australia Bank 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 | |
| Bank of Montreal | XXX | XXX | XXX | XXX | XXX | XXX |
| Westpac | XXX | XXX | XXX | XXX | XXX | XXX |
| ICICI Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Mizuho Financial Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Itaรบ | 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.
National Australia Bank M&A Activity
National Australia Bank acquired XXX companies to date.
Last acquisition by National Australia Bank was on XXXXXXXX, XXXXX. National Australia Bank acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by National Australia Bank
| 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 TrialNational Australia Bank Investment Activity
National Australia Bank invested in XXX companies to date.
National Australia Bank made its latest investment on XXXXXXXX, XXXXX. National Australia Bank invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by National Australia Bank
| 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 National Australia Bank
| When was National Australia Bank founded? | National Australia Bank was founded in 1893. |
| Where is National Australia Bank headquartered? | National Australia Bank is headquartered in Australia. |
| How many employees does National Australia Bank have? | As of today, National Australia Bank has over 41K employees. |
| Who is the CEO of National Australia Bank? | National Australia Bank's CEO is Andrew Irvine. |
| Is National Australia Bank publicly listed? | Yes, National Australia Bank is a public company listed on Australian Securities Exchange. |
| What is the stock symbol of National Australia Bank? | National Australia Bank trades under NAB ticker. |
| When did National Australia Bank go public? | National Australia Bank went public in 1974. |
| Who are competitors of National Australia Bank? | National Australia Bank main competitors are Bank of Montreal, Westpac, ICICI Bank, Mizuho Financial Group. |
| What is the current market cap of National Australia Bank? | National Australia Bank's current market cap is $103B. |
| What is the current revenue of National Australia Bank? | National Australia Bank's last 12 months revenue is $14B. |
| What is the current revenue growth of National Australia Bank? | National Australia Bank revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of National Australia Bank? | Current revenue multiple of National Australia Bank is 13.5x. |
| Is National Australia Bank profitable? | Yes, National Australia Bank is net-income-positive (as of the last 12 months). |
| What is the current net income of National Australia Bank? | National Australia Bank's last 12 months net income is $5B. |
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