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Public Comps and Valuation Multiples
for Stock Exchanges

Benchmark revenue and EBITDA valuation multiples for public comps like HKEX, Deutsche Börse, Nasdaq, Singapore Exchange and Cboe Global Markets.

Stock Exchanges

See analyst estimates and all valuation multiples for Stock Exchanges
Company EV EV/LTM Revenue EV/LTM EBITDA
$111B 11.2x 16.9x
$101B 15.5x 21.8x
$69.6B 5.6x 11.4x
$63.8B 12.2x 20.9x
$55.7B 7.8x 13.4x
$27.0B 7.3x 9.5x
$26.9B 11.3x 16.9x
$17.5B 8.2x 13.1x
$13.6B 12.4x 20.1x
$12.5B 6.8x 10.0x
$11.7B 9.5x 17.3x
$11.1B 24.8x 40.3x
$10.0B 8.6x 12.9x
$6.0B 33.6x 50.7x
$4.1B 11.4x 31.9x
$3.6B n/a n/a
$2.7B 19.3x 45.4x
$2.5B n/a n/a
$2.4B 8.5x 11.3x
$2.2B 13.0x 17.8x
$1.6B 8.7x 16.6x
$1.2B 17.6x 20.7x
$1.0B 4.1x 7.2x
$662M 4.3x 10.0x
$584M 4.8x 12.6x
$576M n/a n/a
$540M 2.8x 3.6x
$323M 4.3x 10.9x
$320M 4.5x 10.0x
$233M n/a n/a
$124M n/a n/a
$89.6M n/a n/a
$65.6M 3.4x n/a
$48.8M n/a n/a
$48.5M n/a n/a
$17.8M n/a n/a
$16.3M n/a n/a
-$2.4B -3.1x -5.1x

Valuation multiples as of last 12 months (LTM). Financial data powered by Morningstar, Inc.

See analyst estimates and M&A multiples for Stock Exchanges

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