Company Valuation: Deutsche Bank AG

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 22,753 21,570 24,620 32,346 63,130 51,073 - -
Change - -5.2% 14.14% 31.38% 95.17% -19.1% - -
Enterprise Value (EV) 112,360 -27,875 -30,926 3,486 24,467 51,073 51,073 51,073
Change - -124.81% -10.94% 111.27% 601.75% 108.74% 0% 0%
P/E ratio 11.8x 4.47x 6.09x 12.1x 10.8x 8.33x 7.22x 6.27x
PBR 0.4x 0.36x 0.39x 0.5x 0.96x 0.75x 0.7x 0.64x
PEG - 0x -0.4x -0.4x 0x 1.29x 0.5x 0.4x
Capitalization / Revenue 0.9x 0.79x 0.85x 1.07x 1.97x 1.55x 1.49x 1.43x
EV / Revenue 0x -0x -0x 0x 0x 1.55x 1.49x 1.43x
EV / EBITDA - - - - - - - -
EV / EBIT 0x -0x -0x 0x 0x 4.32x 4.03x 3.7x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.2 0.3 0.3 0.68 0.68 1.133 1.309 1.472
Rate of return 1.82% 2.83% 2.43% 4.09% 2.05% 4.17% 4.82% 5.42%
EPS 2 0.93 2.37 2.03 1.37 3.064 3.262 3.762 4.331
Distribution rate 21.5% 12.7% 14.8% 49.6% 22.2% 34.7% 34.8% 34%
Net sales 1 25,410 27,210 28,879 30,092 32,096 32,910 34,221 35,773
EBITDA - - - - - - - -
EBIT 1 3,905 6,820 7,184 7,121 11,437 11,818 12,681 13,794
Net income 1 1,940 5,025 4,212 2,700 6,122 6,448 7,217 7,862
Net Debt 89,607 -49,445 -55,546 -28,860 -38,663 - - -
Reference price 2 11.02 10.59 12.36 16.64 33.11 27.16 27.16 27.16
Nbr of stocks (in thousands) 2,065,073 2,037,200 1,991,282 1,943,900 1,906,664 1,880,093 - -
Announcement Date 1/27/22 2/2/23 2/1/24 1/30/25 1/29/26 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
8.33x - - 4.17% 60.11B
13.53x - - 2.08% 809B
11.47x - - 2.3% 364B
5.84x - - 5.31% 372B
11.18x - - 4.63% 308B
5.79x - - 5.27% 299B
5.89x - - 5.32% 254B
15.93x - - 2.7% 254B
10.85x - - 2.48% 231B
27.32x - - 2.87% 213B
Average 11.61x 3.71% 316.59B
Weighted average by Cap. 11.64x 3.47%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Deutsche Bank AG