Business Highlights and Growth Opportunities
Global Market Cap ($ trillions)
Global Announced M&A as a Percent of Global Market Capitalization Is At An
All-Time Low, Presenting Opportunity for Evercore
1989 - 2022
$90
2012-2022
$75
$60
Total Global
Market Cap
30
54
13.9%13.9%
15.1%
Annual Averages
LTM Global Announced M&A LTM Global Announced M&A/
(Sub $10B) / Global Market Cap
Global Market Cap
13.3%
10.9%
10.5%
9.8%
9.9%
$45
9.4%
8.7% 7.9%
8.9% 9.0%
9.2% 9.2% 8.5%
8.8%
8.6%
8.2%
7.9% 7.7%
7.7%
7.5%
6.3%
7.1%
7.0%
7.4%
6.8%
5.4%
7,0%
$30
6.0%
6.1%
6.6%
5.0%5.4%
5.0%
5.5%
5.3%
5.3%
5.4%
$15
6.4%
5.1%
9.6%
($ in billions)
8.2%
6.7%
20.0%
16.0%
12.0%
7.9%
8.0%
7.1%
7.2%
7.6%
8.0%
7.0%
6.7%
6.7%
6.8%
6.2%
6.2%
6.0%
6.2% 6.2%
5.6%
5.3%
5.7%
5.7%
15.5% 5.3%
4.9%
4.8%
5.0%
4.3%
4.5%
3.8%
4.1% 3.9%
3.2% 4.0%
$6 $8 $9
$0
$6 $5 $6
$10 $12 $15 $18 $23 $22 $19 $16 $22 $26 $30 $35 $38 $21 $29 $34 $31 $35 $43 $44 $43 $45 $55 $48 $60 $70 $83 $66 $71
1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 LTM
0.0%
Q3
2023
Total Global Market Cap
LTM Global Announced M&A (Sub $10B) Global Market Cap
LTM Global Announced M&A / Global Market Cap
Source: Refinitiv as of 9/30/2023
EVERCORE
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