Valuation Deutsche Börse AG

Equities

Market Closed - Xetra Other stock markets 16:35:09 05/06/2026 BST			5-day change	1st Jan Change
245.90 ^EUR	+0.24%		-0.69%	+9.92%

06-04	Dax expected lower - Iran and economic data in focus	RE
06-03	INDEX MONITOR: Hochtief promoted to DAX - Porsche SE moves to MDAX	DP

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	26,996	29,637	34,267	40,791	40,998	44,780	-	-
Change	-	9.78%	15.62%	19.04%	0.51%	9.22%	-	-
Enterprise Value (EV) ¹	29,506	32,896	40,096	48,501	44,749	48,972	48,343	47,658
Change	-	11.49%	21.89%	20.96%	-7.73%	9.44%	-1.29%	-1.42%
P/E ratio	21.1x	19.8x	19.9x	21x	20.5x	20.2x	18.7x	17x
PBR	3.75x	3.5x	3.57x	3.79x	3.6x	3.6x	3.22x	2.88x
PEG	-	1.2x	1.3x	1.6x	7.24x	1.7x	2.43x	1.6x
Capitalization / Revenue	7.69x	6.83x	6.75x	7x	6.8x	6.94x	6.67x	6.25x
EV / Revenue	8.41x	7.58x	7.9x	8.32x	7.43x	7.59x	7.2x	6.65x
EV / EBITDA	14.4x	13x	13.6x	14.3x	12.7x	12.7x	11.9x	10.8x
EV / EBIT	16.9x	15.2x	15.9x	16.7x	14.9x	14.7x	13.8x	12.5x
EV / FCF	42x	15.2x	17.6x	23.7x	18.4x	19.3x	19.1x	16.9x
FCF Yield	2.38%	6.57%	5.69%	4.23%	5.43%	5.19%	5.25%	5.9%
Dividend per Share ²	3.2	3.6	3.8	4	4.2	4.623	4.949	5.354
Rate of return	2.18%	2.23%	2.04%	1.8%	1.88%	1.88%	2.01%	2.18%
EPS ²	6.98	8.14	9.35	10.6	10.9	12.18	13.12	14.51
Distribution rate	45.8%	44.2%	40.6%	37.7%	38.5%	38%	37.7%	36.9%
Net sales ¹	3,510	4,338	5,077	5,828	6,026	6,450	6,716	7,163
EBITDA ¹	2,043	2,526	2,944	3,396	3,512	3,848	4,052	4,395
EBIT ¹	1,749	2,170	2,526	2,900	3,010	3,325	3,502	3,809
Net income ¹	1,210	1,494	1,724	1,948	1,995	2,222	2,366	2,587
Net Debt ¹	2,510	3,259	5,829	7,710	3,751	4,192	3,563	2,878
Reference price ²	147.10	161.40	186.50	222.40	223.70	245.90	245.90	245.90
Nbr of stocks (in thousands)	183,521	183,623	183,739	183,412	183,273	182,106	-	-
Announcement Date	09/02/22	08/02/23	06/02/24	11/02/25	11/02/26	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
DEUTSCHE BÖRSE AG	20.19x	7.59x	12.73x	1.88%	51.71B
INTERCONTINENTAL EXCHANGE, INC.	19.9x	8.97x	13.29x	1.5%	80.15B
HONG KONG EXCHANGES AND CLEARING LIMITED	26.18x	15.27x	19.43x	3.41%	63.95B
LONDON STOCK EXCHANGE GROUP PLC	35.56x	5.52x	11.01x	1.78%	61.31B
NASDAQ, INC.	26.1x	9.93x	16.86x	1.36%	49.36B
SINGAPORE EXCHANGE LIMITED	32.39x	15.23x	24.09x	2.06%	18.03B
EURONEXT N.V.	19.96x	7.78x	12.52x	2.48%	16.7B
B3 S.A. - BRASIL, BOLSA, BALCÃO	13.5x	6.59x	9.36x	7.75%	15.02B
TMX GROUP LIMITED	22.39x	7.85x	14.01x	1.95%	9.83B
SWISSQUOTE GROUP HOLDING SA	17.05x	-5.26x	-9.01x	1.78%	7.21B
Average	23.32x	7.95x	12.43x	2.59%	37.33B
Weighted average by Cap.	24.77x	9.27x	14.28x	2.25%