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Zenith Bank Valuation Multiples
Discover revenue and EBITDA valuation multiples for Zenith Bank and similar public comparables like BSP Financial Group, Van Lanschot Kempen, MBH Bank, CVB Financial and more.
Zenith Bank Overview
About Zenith Bank
Zenith Bank PLC is a Nigeria- based company. Its core business is the provision of banking and other financial services to corporate and individual customers. The bank provides services such as granting of loans and advances, corporate finance and money market activities. It also provides banking and pension custodial services to a diverse group of corporations, financial institutions, investment funds, governments and individuals; provision of investment advisory, financial planning services and investment product offerings; providing brokerage services, financing services and securities lending services to institutional clients, including mutual funds, pension funds and to high-net-worth individuals. Revenue generated by bank consists of interest income, fees and commission received.
Founded
1990
HQ
Employees
6.3K
Website
Sectors
Financials (LTM)
EV
$3B
Zenith Bank Financials
Zenith Bank reported last 12-month revenue of $4B.
In the same LTM period, Zenith Bank generated $855M in net income.
Zenith Bank P&L
In the most recent fiscal year, Zenith Bank reported revenue of $2B and net income of $746M.
Zenith Bank expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $4B | XXX | $2B | XXX | XXX | XXX |
| Net Profit | $855M | XXX | $746M | XXX | XXX | XXX |
| Net Margin | 24% | XXX | 37% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Zenith Bank Stock Performance
Zenith Bank has current market cap of $3B, and enterprise value of $3B.
Zenith Bank's stock price is $0.07.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $3B | $3B | — | XXX | XXX | XXX | $0.02 |
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Start Free TrialZenith Bank Valuation Multiples
Zenith Bank trades at 0.9x EV/Revenue multiple.
Zenith Bank Financial Valuation Multiples
As of March 29, 2026, Zenith Bank has market cap of $3B and EV of $3B.
Equity research analysts estimate Zenith Bank's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Zenith Bank has a P/E ratio of 3.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV/Revenue | 0.9x | XXX | 1.5x | XXX | XXX | XXX |
| P/E | 3.2x | XXX | 3.7x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 7.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Zenith 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.
Zenith Bank Margins & Growth Rates
Zenith Bank's revenue in the last 12 month grew by 14%.
Zenith Bank's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.1M for the same period.
Zenith Bank Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 14% | XXX | 70% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | 23% | XXX | 30% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Zenith Bank Public Comps
See public comps and valuation multiples for other Commercial Banking comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| BSP Financial Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Van Lanschot Kempen | XXX | XXX | XXX | XXX | XXX | XXX |
| MBH Bank | XXX | XXX | XXX | XXX | XXX | XXX |
| CVB Financial | XXX | XXX | XXX | XXX | XXX | XXX |
| Provident 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.
Zenith Bank M&A Activity
Zenith Bank acquired XXX companies to date.
Last acquisition by Zenith Bank was on XXXXXXXX, XXXXX. Zenith Bank acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Zenith 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 TrialZenith Bank Investment Activity
Zenith Bank invested in XXX companies to date.
Zenith Bank made its latest investment on XXXXXXXX, XXXXX. Zenith Bank invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Zenith 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 Zenith Bank
| When was Zenith Bank founded? | Zenith Bank was founded in 1990. |
| Where is Zenith Bank headquartered? | Zenith Bank is headquartered in Nigeria. |
| How many employees does Zenith Bank have? | As of today, Zenith Bank has over 6K employees. |
| Is Zenith Bank publicly listed? | Yes, Zenith Bank is a public company listed on Nigerian Exchange. |
| What is the stock symbol of Zenith Bank? | Zenith Bank trades under ZENITH ticker. |
| When did Zenith Bank go public? | Zenith Bank went public in 2004. |
| Who are competitors of Zenith Bank? | Zenith Bank main competitors are BSP Financial Group, Van Lanschot Kempen, MBH Bank, CVB Financial. |
| What is the current market cap of Zenith Bank? | Zenith Bank's current market cap is $3B. |
| What is the current revenue of Zenith Bank? | Zenith Bank's last 12 months revenue is $4B. |
| What is the current revenue growth of Zenith Bank? | Zenith Bank revenue growth (NTM/LTM) is 14%. |
| What is the current EV/Revenue multiple of Zenith Bank? | Current revenue multiple of Zenith Bank is 0.9x. |
| Is Zenith Bank profitable? | Yes, Zenith Bank is net-income-positive (as of the last 12 months). |
| What is the current net income of Zenith Bank? | Zenith Bank's last 12 months net income is $855M. |
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