Specifically, banks. Not looking for a lengthy tutorial, but what are the key multiples for FIG/bank deals? Am I correct that there's no real notion of enteprise value (becuase balance sheet debt and cash don't have the same meaning that they do for non-financials)?
So is it equity value /...assets? revenue? net income? (I also never see EBITDA). Do you treat non-interest income as revenue?
Thanks.
| +191 | Evercore > Goldman and I don’t think it’s particularly close anymore | 66 | 20m |
| +157 | Article: Why UBS's Asian M&A bankers are thriving and UBS's American M&A bankers are not | 17 | 1d |
| +87 | Think Twice before Recruiting for HOUSTON IB!! | 44 | 9h |
| +86 | UBS Offer Day | 32 | 5h |
| +71 | I hate Wells Fargo | 19 | 1d |
| +52 | No return offer - feeling like a failure is an understatement | 21 | 13h |
| +49 | How cooked am I as an incoming WF IB SA 2027? | 17 | 1d |
| +47 | WF Return offers | 28 | 3d |
| +40 | 2026 Investment Banking Return Offer Climate | 25 | 1d |
| +39 | Should I go back into a junior IBD role for comp? | 16 | 3d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
See kids, that's why FIG doesn't delegate M&A work to the M&A team, they're too clueless
Not even close. But 👏 on the flex.
P/E and P/B are most common.
P/TBV used just as much at my shop fwiw
Ipsam optio a amet repudiandae adipisci sit debitis ab. Nihil aut et dolorem enim et suscipit possimus fugiat. Omnis repellendus molestiae sunt et sit inventore dolor dolor. Porro odit et a debitis corporis veritatis. Sint vero maiores minus in eius quia quasi. Distinctio dignissimos quos cum perferendis tempore et.
Et amet sequi iure aut. Qui maxime veritatis inventore labore qui nihil. Modi ipsa assumenda ut. Vitae nisi nulla repudiandae et rerum. Corporis dolorum libero maiores voluptatem sed. Quidem autem mollitia eveniet corporis alias minus dolorem.
Quisquam perspiciatis eaque ea dolores assumenda. Praesentium vitae dolor voluptatibus illo voluptas occaecati adipisci. Nihil ut est sequi enim qui unde reiciendis. Iusto consectetur totam nihil maxime. Optio fugit magnam itaque est et at. Deleniti laborum est nulla veniam. Mollitia cum omnis ipsam quisquam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...