Company Valuation: Deutsche Bank AG

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 18,475 22,753 21,570 24,620 32,346 51,187 51,187 -
Change - 23.15% -5.2% 14.14% 31.38% 58.25% 0% -
Enterprise Value (EV) 1 -4,147 112,360 -27,875 -30,926 3,486 24,467 22,280 25,069
Change - 2,809.57% -124.81% -10.94% 111.27% 601.75% -45.41% 12.52%
P/E ratio 128x 11.8x 4.47x 6.09x 12.1x 10.8x 8.01x 6.91x
PBR 0.34x 0.4x 0.36x 0.39x 0.5x 0.96x 0.74x 0.69x
PEG - 0x 0x -0.4x -0.4x 0x 0.6x 0.4x
Capitalization / Revenue 0.77x 0.9x 0.79x 0.85x 1.07x 1.97x 1.55x 1.49x
EV / Revenue -0.17x 4.42x -1.02x -1.07x 0.12x 0.76x 0.67x 0.73x
EV / EBITDA - - - - - - - -
EV / EBIT -1.47x 28.8x -4.09x -4.3x 0.49x 2.14x 1.89x 1.95x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - 0.2 0.3 0.3 0.68 0.68 1.147 1.313
Rate of return - 1.82% 2.83% 2.43% 4.09% 2.05% 4.26% 4.88%
EPS 2 0.07 0.93 2.37 2.03 1.37 3.064 3.36 3.897
Distribution rate - 21.5% 12.7% 14.8% 49.6% 22.2% 34.1% 33.7%
Net sales 1 24,028 25,410 27,210 28,879 30,092 32,096 33,059 34,385
EBITDA - - - - - - - -
EBIT 1 2,812 3,905 6,820 7,184 7,121 11,437 11,815 12,866
Net income 1 113 1,940 5,025 4,212 2,700 6,122 6,674 7,490
Net Debt 1 -22,622 89,607 -49,445 -55,546 -28,860 -38,663 -28,907 -26,118
Reference price 2 8.95 11.02 10.59 12.36 16.64 26.92 26.92 26.92
Nbr of stocks (in thousands) 2,064,500 2,065,073 2,037,200 1,991,282 1,943,900 1,901,087 1,901,087 -
Announcement Date 04/02/21 27/01/22 02/02/23 01/02/24 30/01/25 29/01/26 - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
9.04x1.27x - 3.71% 59.37B
13.3x - - 2.21% 781B
11.22x - - 2.47% 349B
5.66x - - 5.49% 349B
10.75x - - 4.91% 286B
5.42x - - 5.51% 271B
11.51x - - 2.34% 248B
5.44x - - 5.58% 235B
14.23x - - 3.02% 228B
26.49x - - 2.93% 202B
Average 11.31x 1.27x 3.82% 300.82B
Weighted average by Cap. 11.33x 1.27x 3.59%

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