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Valuation Multiples by Industry Valuation Multiples by Industry https://www.eval.tech SIC Sector: (6000-6799) Finance, Insurance and Real Estate Report Date: 30 July 2021 Country: United States of America (U.S.A.) Industry Valuation Multiples The table below provides a summary of median industry enterprise value (EV) valuation multiples, as at the Report Date. The data is grouped by industry SIC code: EV Multiple Max # Rev EBITDA EBIT TotAss TanAss National Commercial Banks (6021) 80 2.46 6.58 7.16 0.10 0.11 State Commercial Banks (6022) 159 2.72 6.14 7.08 0.10 0.10 Commercial Banks, Nec (6029) 22 3.25 10.61 18.61 0.12 0.12 Savings Institution, Federally Chartered (6035) 41 2.80 8.39 9.48 0.12 0.12 Savings Institutions, Not Federally Chartered (6036) 17 2.93 7.94 8.35 0.11 0.11 Personal Credit Institutions (6141) 11 4.36 8.34 9.67 1.02 1.02 Mortgage Bankers & Loan Correspondents (6162) 6 3.43 6.16 6.41 0.66 0.66 Finance Services (6199) 27 3.93 10.93 10.93 0.86 0.86 Security & Commodity Brokers, Dealers, Exchanges & Services 10 7.03 19.47 19.10 1.11 1.18 (6200) Security Brokers, Dealers & Flotation Companies (6211) 26 4.03 12.50 13.42 0.62 0.64 Investment Advice (6282) 41 3.34 11.26 11.47 1.46 2.00 Life Insurance (6311) 20 0.64 6.65 6.16 0.06 0.06 Accident & Health Insurance (6321) 5 1.35 7.83 8.04 0.17 0.17 Hospital & Medical Service Plans (6324) 10 0.73 13.79 14.93 1.42 1.79 Fire, Marine & Casualty Insurance (6331) 51 1.27 7.33 8.06 0.34 0.34 Surety Insurance (6351) 8 4.83 8.87 8.87 0.75 0.76 Title Insurance (6361) 5 1.05 4.32 4.90 0.46 0.51 Insurance Agents, Brokers & Service (6411) 17 3.42 17.77 22.76 1.59 2.87 Real Estate (6500) 29 10.23 23.37 42.23 0.90 0.91 Operators Of Nonresidential Buildings (6512) 6 5.72 - 36.87 1.02 1.04 Real Estate Agents & Managers (For Others) (6531) 11 2.15 16.11 26.63 1.90 2.65 Blank Checks (6770) 382 1.95 - - 1.22 1.22 Patent Owners & Lessors (6794) 10 6.24 20.93 35.20 1.20 1.78 Real Estate Investment Trusts (6798) 199 12.49 21.62 44.20 1.08 1.09 Investors, Nec (6799) 30 10.57 14.99 14.99 0.92 0.92 © 2021 eVal 1 20210804 EV/Revenue Valuation Multiple We provide additional data relating to industry EV/Revenue valuation multiples: # Average Median Std. Dev. Std. Err. National Commercial Banks (6021) 80 2.63 2.46 1.66 0.19 State Commercial Banks (6022) 159 2.90 2.72 1.86 0.15 Commercial Banks, Nec (6029) 20 5.26 3.25 4.72 1.06 Savings Institution, Federally Chartered (6035) 41 3.52 2.80 2.55 0.40 Savings Institutions, Not Federally Chartered (6036) 11 3.56 2.93 2.44 0.74 Personal Credit Institutions (6141) 11 6.28 4.36 4.30 1.30 Finance Services (6199) 22 4.22 3.93 2.84 0.61 Security & Commodity Brokers, Dealers, Exchanges & 10 8.21 7.03 6.81 2.15 Services (6200) Security Brokers, Dealers & Flotation Companies (6211) 25 6.14 4.03 5.90 1.18 Investment Advice (6282) 36 3.86 3.34 2.16 0.36 Life Insurance (6311) 19 0.74 0.64 0.50 0.12 Accident & Health Insurance (6321) 5 1.07 1.35 0.66 0.30 Hospital & Medical Service Plans (6324) 7 1.16 0.73 1.04 0.39 Fire, Marine & Casualty Insurance (6331) 47 1.28 1.27 0.68 0.10 Surety Insurance (6351) 7 5.14 4.83 3.30 1.25 Title Insurance (6361) 5 0.93 1.05 0.23 0.10 Insurance Agents, Brokers & Service (6411) 13 3.76 3.42 2.17 0.60 Real Estate (6500) 29 10.16 10.23 7.96 1.48 Operators Of Nonresidential Buildings (6512) 5 7.40 5.72 5.66 2.53 Real Estate Agents & Managers (For Others) (6531) 9 2.08 2.15 0.91 0.30 Blank Checks (6770) 7 2.70 1.95 2.10 0.79 Patent Owners & Lessors (6794) 8 7.88 6.24 6.84 2.42 Real Estate Investment Trusts (6798) 193 13.13 12.49 5.60 0.40 Investors, Nec (6799) 28 10.42 10.57 1.51 0.29 © 2021 eVal 2 20210804 EV/EBITDA Valuation Multiple We provide additional data relating to industry EV/EBITDA valuation multiples: # Average Median Std. Dev. Std. Err. National Commercial Banks (6021) 77 6.44 6.58 4.20 0.48 State Commercial Banks (6022) 155 6.84 6.14 4.34 0.35 Commercial Banks, Nec (6029) 19 18.61 10.61 18.55 4.25 Savings Institution, Federally Chartered (6035) 36 8.61 8.39 5.47 0.91 Savings Institutions, Not Federally Chartered (6036) 13 10.31 7.94 8.43 2.34 Personal Credit Institutions (6141) 9 8.06 8.34 3.36 1.12 Finance Services (6199) 21 17.24 10.93 15.64 3.41 Security & Commodity Brokers, Dealers, Exchanges & 10 20.48 19.47 10.22 3.23 Services (6200) Security Brokers, Dealers & Flotation Companies (6211) 22 14.37 12.50 8.94 1.91 Investment Advice (6282) 34 13.50 11.26 7.94 1.36 Life Insurance (6311) 19 8.98 6.65 7.01 1.61 Hospital & Medical Service Plans (6324) 6 13.48 13.79 2.37 0.97 Fire, Marine & Casualty Insurance (6331) 41 7.78 7.33 3.38 0.53 Surety Insurance (6351) 5 9.11 8.87 1.07 0.48 Insurance Agents, Brokers & Service (6411) 12 18.14 17.77 9.34 2.70 Real Estate (6500) 23 31.58 23.37 20.25 4.22 Real Estate Agents & Managers (For Others) (6531) 9 76.13 16.11 77.88 25.96 Patent Owners & Lessors (6794) 6 43.62 20.93 45.18 18.44 Real Estate Investment Trusts (6798) 166 23.21 21.62 8.46 0.66 Investors, Nec (6799) 25 15.22 14.99 2.43 0.49 © 2021 eVal 3 20210804 EV/EBIT Valuation Multiple We provide additional data relating to industry EV/EBIT valuation multiples: # Average Median Std. Dev. Std. Err. National Commercial Banks (6021) 76 7.16 7.16 4.79 0.55 State Commercial Banks (6022) 154 7.52 7.08 4.78 0.39 Commercial Banks, Nec (6029) 20 22.07 18.61 19.37 4.33 Savings Institution, Federally Chartered (6035) 40 12.10 9.48 8.87 1.40 Savings Institutions, Not Federally Chartered (6036) 13 11.31 8.35 8.83 2.45 Personal Credit Institutions (6141) 10 11.97 9.67 8.77 2.77 Finance Services (6199) 21 13.47 10.93 12.61 2.75 Security & Commodity Brokers, Dealers, Exchanges & 9 20.90 19.10 8.41 2.80 Services (6200) Security Brokers, Dealers & Flotation Companies (6211) 22 15.64 13.42 9.92 2.12 Investment Advice (6282) 32 14.09 11.47 8.82 1.56 Life Insurance (6311) 18 9.48 6.16 8.49 2.00 Hospital & Medical Service Plans (6324) 5 15.30 14.93 2.03 0.91 Fire, Marine & Casualty Insurance (6331) 40 8.01 8.06 2.89 0.46 Surety Insurance (6351) 5 9.60 8.87 1.07 0.48 Insurance Agents, Brokers & Service (6411) 12 23.18 22.76 12.36 3.57 Real Estate (6500) 20 46.92 42.23 30.35 6.79 Real Estate Agents & Managers (For Others) (6531) 8 91.36 26.63 97.56 34.49 Patent Owners & Lessors (6794) 6 61.21 35.20 60.85 24.84 Real Estate Investment Trusts (6798) 158 47.27 44.20 23.89 1.90 Investors, Nec (6799) 25 15.23 14.99 2.43 0.49 © 2021 eVal 4 20210804 EV/Total Assets Valuation Multiple We provide additional data relating to industry EV/Total Assets valuation multiples: # Average Median Std. Dev. Std. Err. National Commercial Banks (6021) 80 0.10 0.10 0.06 0.01 State Commercial Banks (6022) 154 0.10 0.10 0.06 0.01 Commercial Banks, Nec (6029) 22 0.15 0.12 0.10 0.02 Savings Institution, Federally Chartered (6035) 41 0.14 0.12 0.09 0.01 Savings Institutions, Not Federally Chartered (6036) 17 0.10 0.11 0.05 0.01 Personal Credit Institutions (6141) 11 0.96 1.02 0.47 0.14 Mortgage Bankers & Loan Correspondents (6162) 6 0.73 0.66 0.43 0.18 Finance Services (6199) 27 0.79 0.86 0.58 0.11 Security & Commodity Brokers, Dealers, Exchanges & 10 1.29 1.11 0.90 0.28 Services (6200) Security Brokers, Dealers & Flotation Companies (6211) 26 0.69 0.62 0.46 0.09 Investment Advice (6282) 41 1.82 1.46 1.23 0.19 Life Insurance (6311) 20 0.08 0.06 0.06 0.01 Accident & Health Insurance (6321) 5 0.15 0.17 0.07 0.03 Hospital & Medical Service Plans (6324) 10 1.87 1.42 1.49 0.47 Fire, Marine & Casualty Insurance (6331) 51 0.39 0.34 0.25 0.03 Surety Insurance (6351) 8 0.69 0.75 0.26 0.09 Title Insurance (6361) 5 0.52 0.46 0.33 0.15 Insurance Agents, Brokers & Service (6411) 16 1.64 1.59 1.00 0.25 Real Estate (6500) 29 0.93 0.90 0.43 0.08 Operators Of Nonresidential Buildings (6512) 6 0.89 1.02 0.37 0.15 Real Estate Agents & Managers (For Others) (6531) 11 3.40 1.90 3.44 1.04 Blank Checks (6770) 382 1.23 1.22 0.04 0.00 Patent Owners & Lessors (6794) 10 6.00 1.20 8.30 2.62 Real Estate Investment Trusts (6798) 199 1.21 1.08 0.48 0.03 Investors, Nec (6799) 30 0.91 0.92 0.18 0.03 © 2021 eVal 5 20210804 EV/Tangible Assets Valuation Multiple We provide additional data relating to industry EV/Tangible Assets valuation multiples: # Average Median Std.
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