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 59,998 59,998 -
Change - 23.15% -5.2% 14.14% 31.38% 85.48% 0% -
Enterprise Value (EV) 1 -4,147 1,12,360 -27,875 -30,926 3,486 24,467 31,091 33,880
Change - 2,809.57% -124.81% -10.94% 111.27% 601.75% -37.35% 8.97%
P/E ratio 128x 11.8x 4.47x 6.09x 12.1x 10.8x 9.4x 8.06x
PBR 0.34x 0.4x 0.36x 0.39x 0.5x 0.96x 0.87x 0.81x
PEG - 0x 0x -0.4x -0.4x 0x 0.7x 0.5x
Capitalization / Revenue 0.77x 0.9x 0.79x 0.85x 1.07x 1.97x 1.81x 1.74x
EV / Revenue -0.17x 4.42x -1.02x -1.07x 0.12x 0.76x 0.94x 0.99x
EV / EBITDA - - - - - - - -
EV / EBIT -1.47x 28.8x -4.09x -4.3x 0.49x 2.14x 2.63x 2.63x
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% 3.64% 4.16%
EPS 2 0.07 0.93 2.37 2.03 1.37 3.064 3.355 3.912
Distribution rate - 21.5% 12.7% 14.8% 49.6% 22.2% 34.2% 33.6%
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 6,614 7,447
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 31.54 31.54 31.54
Nbr of stocks (in thousands) 20,64,500 20,65,073 20,37,200 19,91,282 19,43,900 19,02,579 19,02,579 -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
10.66x1.56x - 3.15% 7.19TCr
15.87x - - 1.8% 87TCr
14.82x - - 1.92% 41TCr
5.79x - - 5.37% 36TCr
15.25x - - 3.97% 31TCr
14.98x - - 1.8% 29TCr
5.56x - - 5.37% 28TCr
15.32x - - 2.85% 24TCr
5.69x - - 5.3% 24TCr
15.28x - - 2.53% 21TCr
Average 11.92x 1.56x 3.41% 32.74TCr
Weighted average by Cap. 12.71x 1.56x 3.12%

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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