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National Bank of Canada Valuation Multiples
Discover revenue and EBITDA valuation multiples for National Bank of Canada and similar public comparables like Industrial Bank China, First Abu Dhabi Bank, KBC Group, Bank of China (Hong Kong) and more.
National Bank of Canada Overview
About National Bank of Canada
National Bank of Canada is the sixth-largest bank in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth management and capital markets services. The bank derives around 45% of its 2025 revenue from the province of Quebec, with additional operations in the rest of Canada and the United States. National Bank of Canada also owns ABA Bank, one of the largest commercial banks in Cambodia.
Founded
1859
HQ
Employees
35.4K
Website
Sectors
Financials (LTM)
EV
$146B
National Bank of Canada Financials
National Bank of Canada reported last 12-month revenue of $11B.
In the same LTM period, National Bank of Canada generated $3B in net income.
Revenue (LTM)
National Bank of Canada P&L
In the most recent fiscal year, National Bank of Canada reported revenue of $10B and net income of $3B.
National Bank of Canada expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $11B | XXX | $10B | XXX | XXX | XXX |
| EBIT Margin | 48% | XXX | 48% | XXX | XXX | XXX |
| Net Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Net Margin | 32% | XXX | 32% | XXX | XXX | XXX |
| Net Debt | — | — | $58B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
National Bank of Canada Stock Performance
National Bank of Canada has current market cap of $57B, and enterprise value of $146B.
Market Cap Evolution
National Bank of Canada's stock price is $147.31.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $146B | $57B | -0.5% | XXX | XXX | XXX | $8.29 |
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Start Free TrialNational Bank of Canada Valuation Multiples
National Bank of Canada trades at 13.7x EV/Revenue multiple.
EV / Revenue (LTM)
National Bank of Canada Financial Valuation Multiples
As of April 20, 2026, National Bank of Canada has market cap of $57B and EV of $146B.
Equity research analysts estimate National Bank of Canada's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
National Bank of Canada has a P/E ratio of 16.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $57B | XXX | $57B | XXX | XXX | XXX |
| EV (current) | $146B | XXX | $146B | XXX | XXX | XXX |
| EV/Revenue | 13.7x | XXX | 14.3x | XXX | XXX | XXX |
| EV/EBIT | 28.5x | XXX | 29.9x | XXX | XXX | XXX |
| P/E | 16.8x | XXX | 17.8x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 48.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified National Bank of Canada 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 Bank of Canada Margins & Growth Rates
National Bank of Canada's revenue in the last 12 month grew by 9%.
National Bank of Canada's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
National Bank of Canada Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 11% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 32% | XXX | XXX | XXX |
| Opex to Revenue | 50% | XXX | 51% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
National Bank of Canada Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| National Bank of Canada | XXX | XXX | XXX | XXX | XXX | XXX |
| Industrial Bank China | XXX | XXX | XXX | XXX | XXX | XXX |
| First Abu Dhabi Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| KBC Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Bank of China (Hong Kong) | XXX | XXX | XXX | XXX | XXX | XXX |
| Standard Chartered | 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 Bank of Canada M&A Activity
National Bank of Canada acquired XXX companies to date.
Last acquisition by National Bank of Canada was on XXXXXXXX, XXXXX. National Bank of Canada acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by National Bank of Canada
| 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 Bank of Canada Investment Activity
National Bank of Canada invested in XXX companies to date.
National Bank of Canada made its latest investment on XXXXXXXX, XXXXX. National Bank of Canada invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by National Bank of Canada
| 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 Bank of Canada
| When was National Bank of Canada founded? | National Bank of Canada was founded in 1859. |
| Where is National Bank of Canada headquartered? | National Bank of Canada is headquartered in Canada. |
| How many employees does National Bank of Canada have? | As of today, National Bank of Canada has over 35K employees. |
| Who is the CEO of National Bank of Canada? | National Bank of Canada's CEO is Laurent Ferreira. |
| Is National Bank of Canada publicly listed? | Yes, National Bank of Canada is a public company listed on Tokyo Stock Exchange. |
| What is the stock symbol of National Bank of Canada? | National Bank of Canada trades under NA ticker. |
| When did National Bank of Canada go public? | National Bank of Canada went public in 1979. |
| Who are competitors of National Bank of Canada? | National Bank of Canada main competitors are Industrial Bank China, First Abu Dhabi Bank, KBC Group, Bank of China (Hong Kong). |
| What is the current market cap of National Bank of Canada? | National Bank of Canada's current market cap is $57B. |
| What is the current revenue of National Bank of Canada? | National Bank of Canada's last 12 months revenue is $11B. |
| What is the current revenue growth of National Bank of Canada? | National Bank of Canada revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of National Bank of Canada? | Current revenue multiple of National Bank of Canada is 13.7x. |
| Is National Bank of Canada profitable? | Yes, National Bank of Canada is net-income-positive (as of the last 12 months). |
| What is the current net income of National Bank of Canada? | National Bank of Canada's last 12 months net income is $3B. |
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