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 50,192 - -
Change - -5.2% 14.14% 31.38% 95.17% -20.49% - -
Enterprise Value (EV) 1,12,360 -27,875 -30,926 3,486 24,467 50,192 50,192 50,192
Change - -124.81% -10.94% 111.27% 601.75% 105.14% 0% 0%
P/E ratio 11.8x 4.47x 6.09x 12.1x 10.8x 8.14x 7x 6.16x
PBR 0.4x 0.36x 0.39x 0.5x 0.96x 0.74x 0.69x 0.63x
PEG - 0x -0.4x -0.4x 0x 1.15x 0.4x 0.5x
Capitalization / Revenue 0.9x 0.79x 0.85x 1.07x 1.97x 1.52x 1.47x 1.4x
EV / Revenue 0x -0x -0x 0x 0x 1.52x 1.47x 1.4x
EV / EBITDA - - - - - - - -
EV / EBIT 0x -0x -0x 0x 0x 4.25x 3.96x 3.64x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 0.2 0.3 0.3 0.68 0.68 1.146 1.315 1.477
Rate of return 1.82% 2.83% 2.43% 4.09% 2.05% 4.29% 4.93% 5.53%
EPS 2 0.93 2.37 2.03 1.37 3.064 3.282 3.813 4.331
Distribution rate 21.5% 12.7% 14.8% 49.6% 22.2% 34.9% 34.5% 34.1%
Net sales 1 25,410 27,210 28,879 30,092 32,096 32,920 34,216 35,767
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 6,353 7,085 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 26.70 26.70 26.70
Nbr of stocks (in thousands) 20,65,073 20,37,200 19,91,282 19,43,900 19,06,664 18,79,843 - -
Announcement Date 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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.14x - - 4.29% 5.83TCr
13.33x - - 2.11% 80TCr
5.81x - - 5.34% 36TCr
11.13x - - 2.37% 35TCr
10.94x - - 4.73% 30TCr
5.81x - - 5.25% 30TCr
6.02x - - 5.19% 26TCr
16.14x - - 2.66% 26TCr
10.53x - - 2.56% 22TCr
14.97x - - 2.58% 21TCr
Average 10.28x 3.71% 31.23TCr
Weighted average by Cap. 10.69x 3.48%

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