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Piper Sandler Valuation Multiples
Discover revenue and EBITDA valuation multiples for Piper Sandler and similar public comparables like Soochow Securities, Changjiang Securities, Dongxing Securities, Tianfeng Securities and more.
Piper Sandler Overview
About Piper Sandler
Piper Sandler Cos is an investment bank and institutional securities firm, serving the needs of corporations, private equity groups, public entities, non-profit entities and institutional investors in the United States (U.S.) and internationally. The company provides a broad set of products and services, including financial advisory services; equity and debt capital markets products; public finance services; institutional brokerage services; fundamental equity and macro research services; fixed income services; and alternative asset management strategies. It generates maximum revenue from Advisory services followed by Equity financing.
Founded
2003
HQ

Employees
1.8K
Website
Sectors
Financials (LTM)
EV
$6B
Piper Sandler Financials
Piper Sandler reported last 12-month revenue of $2B.
In the same LTM period, Piper Sandler generated $297M in net income.
Revenue (LTM)
Piper Sandler P&L
In the most recent fiscal year, Piper Sandler reported revenue of $2B and net income of $281M.
Piper Sandler expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| EBIT Margin | 22% | XXX | 22% | XXX | XXX | XXX |
| Net Profit | $297M | XXX | $281M | XXX | XXX | XXX |
| Net Margin | 15% | XXX | 15% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Piper Sandler Stock Performance
Piper Sandler has current market cap of $6B, and enterprise value of $6B.
Market Cap Evolution
Piper Sandler's stock price is $83.47.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6B | $6B | 0.3% | XXX | XXX | XXX | $3.95 |
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Start Free TrialPiper Sandler Valuation Multiples
Piper Sandler trades at 3.1x EV/Revenue multiple.
EV / Revenue (LTM)
Piper Sandler Financial Valuation Multiples
As of April 11, 2026, Piper Sandler has market cap of $6B and EV of $6B.
Equity research analysts estimate Piper Sandler's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Piper Sandler has a P/E ratio of 20.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV/Revenue | 3.1x | XXX | 3.2x | XXX | XXX | XXX |
| EV/EBIT | 14.3x | XXX | 14.8x | XXX | XXX | XXX |
| P/E | 20.0x | XXX | 21.1x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 11.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Piper Sandler 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.


Piper Sandler Margins & Growth Rates
Piper Sandler's revenue in the last 12 month grew by 11%.
Piper Sandler's revenue per employee in the last FY averaged $1.0M, while opex per employee averaged $0.8M for the same period.
Piper Sandler Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 11% | XXX | 11% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 2% | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 63% | XXX | XXX | XXX |
| Opex to Revenue | 78% | XXX | 78% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Piper Sandler Public Comps
See public comps and valuation multiples for other Investment Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Soochow Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| Changjiang Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| Dongxing Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| Tianfeng Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| Zheshang Securities | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Piper Sandler M&A Activity
Piper Sandler acquired XXX companies to date.
Last acquisition by Piper Sandler was on XXXXXXXX, XXXXX. Piper Sandler acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Piper Sandler
| 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 TrialPiper Sandler Investment Activity
Piper Sandler invested in XXX companies to date.
Piper Sandler made its latest investment on XXXXXXXX, XXXXX. Piper Sandler invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Piper Sandler
| 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 Piper Sandler
| When was Piper Sandler founded? | Piper Sandler was founded in 2003. |
| Where is Piper Sandler headquartered? | Piper Sandler is headquartered in United States. |
| How many employees does Piper Sandler have? | As of today, Piper Sandler has over 1K employees. |
| Who is the CEO of Piper Sandler? | Piper Sandler's CEO is Chad R. Abraham. |
| Is Piper Sandler publicly listed? | Yes, Piper Sandler is a public company listed on NYSE. |
| What is the stock symbol of Piper Sandler? | Piper Sandler trades under PIPR ticker. |
| When did Piper Sandler go public? | Piper Sandler went public in 2003. |
| Who are competitors of Piper Sandler? | Piper Sandler main competitors are Soochow Securities, Changjiang Securities, Dongxing Securities, Tianfeng Securities. |
| What is the current market cap of Piper Sandler? | Piper Sandler's current market cap is $6B. |
| What is the current revenue of Piper Sandler? | Piper Sandler's last 12 months revenue is $2B. |
| What is the current revenue growth of Piper Sandler? | Piper Sandler revenue growth (NTM/LTM) is 11%. |
| What is the current EV/Revenue multiple of Piper Sandler? | Current revenue multiple of Piper Sandler is 3.1x. |
| Is Piper Sandler profitable? | Yes, Piper Sandler is net-income-positive (as of the last 12 months). |
| What is the current net income of Piper Sandler? | Piper Sandler's last 12 months net income is $297M. |
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