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Santander Valuation Multiples
Discover revenue and EBITDA valuation multiples for Santander and similar public comparables like TD Bank, MUFG, China Merchants Bank, Citigroup and more.
Santander Overview
About Santander
Santander's focus is on retail and commercial banking. Latin America is geographically the most significant operation, with Brazil making the largest contribution. Its continental European business is mainly in Spain and Portugal. Santander's UK presence is the result of its acquisition of Abbey building society. In the US, Santander operates a vehicle finance business and a regional bank focused on the Northeastern states.
Founded
1856
HQ
Employees
198.4K
Website
Financials (LTM)
EV
$482B
Santander Financials
Santander reported last 12-month revenue of $74B.
In the same LTM period, Santander generated $43B in gross profit and $17B in net income.
Revenue (LTM)
Santander P&L
In the most recent fiscal year, Santander reported revenue of $74B and net income of $17B.
Santander expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $74B | XXX | $74B | XXX | XXX | XXX |
| Gross Profit | $43B | XXX | — | XXX | XXX | XXX |
| Gross Margin | 58% | XXX | — | XXX | XXX | XXX |
| EBIT Margin | 58% | XXX | 58% | XXX | XXX | XXX |
| Net Profit | $17B | XXX | $17B | XXX | XXX | XXX |
| Net Margin | 23% | XXX | 23% | XXX | XXX | XXX |
| Net Debt | — | — | $170B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Santander Stock Performance
Santander has current market cap of $178B, and enterprise value of $482B.
Market Cap Evolution
Santander's stock price is $12.33.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $482B | $178B | 0.3% | XXX | XXX | XXX | $1.15 |
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Start Free TrialSantander Valuation Multiples
Santander trades at 6.6x EV/Revenue multiple.
EV / Revenue (LTM)
Santander Financial Valuation Multiples
As of April 12, 2026, Santander has market cap of $178B and EV of $482B.
Equity research analysts estimate Santander's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Santander has a P/E ratio of 10.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $178B | XXX | $178B | XXX | XXX | XXX |
| EV (current) | $482B | XXX | $482B | XXX | XXX | XXX |
| EV/Revenue | 6.6x | XXX | 6.5x | XXX | XXX | XXX |
| EV/EBIT | 11.4x | XXX | 11.3x | XXX | XXX | XXX |
| EV/Gross Profit | 11.2x | XXX | — | XXX | XXX | XXX |
| P/E | 10.5x | XXX | 10.7x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (18.3x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Santander 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.
Santander Margins & Growth Rates
Santander's revenue in the last 12 month grew by 2%.
Santander's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.
Santander Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | (0%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 33% | XXX | XXX | XXX |
| Opex to Revenue | 42% | XXX | 41% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Santander 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 | |
| TD Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| MUFG | XXX | XXX | XXX | XXX | XXX | XXX |
| China Merchants Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Citigroup | XXX | XXX | XXX | XXX | XXX | XXX |
| CommBank | 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.
Santander M&A Activity
Santander acquired XXX companies to date.
Last acquisition by Santander was on XXXXXXXX, XXXXX. Santander acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Santander
| 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 TrialSantander Investment Activity
Santander invested in XXX companies to date.
Santander made its latest investment on XXXXXXXX, XXXXX. Santander invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Santander
| 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 Santander
| When was Santander founded? | Santander was founded in 1856. |
| Where is Santander headquartered? | Santander is headquartered in Spain. |
| How many employees does Santander have? | As of today, Santander has over 198K employees. |
| Who is the CEO of Santander? | Santander's CEO is Hector Blas Grisi Checa. |
| Is Santander publicly listed? | Yes, Santander is a public company listed on Bolsa de Madrid. |
| What is the stock symbol of Santander? | Santander trades under SAN ticker. |
| When did Santander go public? | Santander went public in 2009. |
| Who are competitors of Santander? | Santander main competitors are TD Bank, MUFG, China Merchants Bank, Citigroup. |
| What is the current market cap of Santander? | Santander's current market cap is $178B. |
| What is the current revenue of Santander? | Santander's last 12 months revenue is $74B. |
| What is the current revenue growth of Santander? | Santander revenue growth (NTM/LTM) is 2%. |
| What is the current EV/Revenue multiple of Santander? | Current revenue multiple of Santander is 6.6x. |
| Is Santander profitable? | Yes, Santander is net-income-positive (as of the last 12 months). |
| What is the current net income of Santander? | Santander's last 12 months net income is $17B. |
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