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Westpac Valuation Multiples
Discover revenue and EBITDA valuation multiples for Westpac and similar public comparables like Mizuho Financial Group, National Australia Bank, Itaú, Bank of Montreal and more.
Westpac Overview
About Westpac
Westpac is Australia's oldest bank and financial services group, with a significant franchise in Australia and New Zealand in the consumer, small business, corporate, and institutional sectors, in addition to its major presence in wealth management. Westpac is among a handful of banks around the globe currently retaining very high credit ratings. The bank benefits from a large national branch network and significant market share, particularly in home loans and retail deposits.
Founded
2002
HQ
Employees
35.2K
Website
Sectors
Financials (LTM)
EV
$224B
Westpac Financials
Westpac reported last 12-month revenue of $15B.
In the same LTM period, Westpac generated $5B in net income.
Revenue (LTM)
Westpac P&L
In the most recent fiscal year, Westpac reported revenue of $15B and net income of $5B.
Westpac expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $15B | XXX | $15B | XXX | XXX | XXX |
| EBIT Margin | 47% | XXX | 44% | XXX | XXX | XXX |
| Net Profit | $5B | XXX | $5B | XXX | XXX | XXX |
| Net Margin | 31% | XXX | 31% | XXX | XXX | XXX |
| Net Debt | — | — | $110B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Westpac Stock Performance
Westpac has current market cap of $98B, and enterprise value of $224B.
Market Cap Evolution
Westpac's stock price is $28.79.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $224B | $98B | -0.0% | XXX | XXX | XXX | $1.39 |
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Start Free TrialWestpac Valuation Multiples
Westpac trades at 14.6x EV/Revenue multiple.
EV / Revenue (LTM)
Westpac Financial Valuation Multiples
As of March 30, 2026, Westpac has market cap of $98B and EV of $224B.
Equity research analysts estimate Westpac's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Westpac has a P/E ratio of 20.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $98B | XXX | $98B | XXX | XXX | XXX |
| EV (current) | $224B | XXX | $224B | XXX | XXX | XXX |
| EV/Revenue | 14.6x | XXX | 14.6x | XXX | XXX | XXX |
| EV/EBIT | 30.9x | XXX | 32.9x | XXX | XXX | XXX |
| P/E | 20.5x | XXX | 20.6x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 39.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Westpac 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.
Westpac Margins & Growth Rates
Westpac's revenue in the last 12 month grew by 6%.
Westpac's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.2M for the same period.
Westpac Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 6% | XXX | 4% | 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 | 29% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 14% | XXX | 13% | XXX | XXX | XXX |
| Opex to Revenue | 52% | XXX | 50% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Westpac Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Mizuho Financial Group | XXX | XXX | XXX | XXX | XXX | XXX |
| National Australia Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| Itaú | XXX | XXX | XXX | XXX | XXX | XXX |
| Bank of Montreal | XXX | XXX | XXX | XXX | XXX | XXX |
| ICICI Bank | 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.
Westpac M&A Activity
Westpac acquired XXX companies to date.
Last acquisition by Westpac was on XXXXXXXX, XXXXX. Westpac acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Westpac
| 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 TrialWestpac Investment Activity
Westpac invested in XXX companies to date.
Westpac made its latest investment on XXXXXXXX, XXXXX. Westpac invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Westpac
| 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 Westpac
| When was Westpac founded? | Westpac was founded in 2002. |
| Where is Westpac headquartered? | Westpac is headquartered in Australia. |
| How many employees does Westpac have? | As of today, Westpac has over 35K employees. |
| Who is the CEO of Westpac? | Westpac's CEO is Anthony Miller. |
| Is Westpac publicly listed? | Yes, Westpac is a public company listed on Australian Securities Exchange. |
| What is the stock symbol of Westpac? | Westpac trades under WBC ticker. |
| When did Westpac go public? | Westpac went public in 1970. |
| Who are competitors of Westpac? | Westpac main competitors are Mizuho Financial Group, National Australia Bank, Itaú, Bank of Montreal. |
| What is the current market cap of Westpac? | Westpac's current market cap is $98B. |
| What is the current revenue of Westpac? | Westpac's last 12 months revenue is $15B. |
| What is the current revenue growth of Westpac? | Westpac revenue growth (NTM/LTM) is 6%. |
| What is the current EV/Revenue multiple of Westpac? | Current revenue multiple of Westpac is 14.6x. |
| Is Westpac profitable? | Yes, Westpac is net-income-positive (as of the last 12 months). |
| What is the current net income of Westpac? | Westpac's last 12 months net income is $5B. |
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