Deutsche Bank Valuation

Is DBAG34 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DBAG34 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate DBAG34's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate DBAG34's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DBAG34?

Key metric: As DBAG34 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DBAG34. This is calculated by dividing DBAG34's market cap by their current earnings.
What is DBAG34's PE Ratio?
PE Ratio	8x
Earnings	€3.89b
Market Cap	€31.22b

DBAG34 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	0.6x

Price to Earnings Ratio vs Peers

How does DBAG34's PE Ratio compare to its peers?

The above table shows the PE ratio for DBAG34 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	18.2x
BPAC11 Banco BTG Pactual	14.3x	14.5%	R$162.6b
B3SA3 B3 - Brasil Bolsa Balcão	12.5x	11.2%	R$55.4b
MQG Macquarie Group	23.4x	9.9%	AU$83.7b
UBSG UBS Group	22.4x	25.6%	CHF 90.0b
DBAG34 Deutsche Bank	8x	13.4%	R$31.2b

Price-To-Earnings vs Peers: DBAG34 is good value based on its Price-To-Earnings Ratio (8x) compared to the peer average (18.2x).

Price to Earnings Ratio vs Industry

How does DBAG34's PE Ratio compare vs other companies in the South American Capital Markets Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap

0 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: DBAG34 is good value based on its Price-To-Earnings Ratio (8x) compared to the South American Capital Markets industry average (9.4x).

Price to Earnings Ratio vs Fair Ratio

What is DBAG34's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DBAG34 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	8x
Fair PE Ratio	14.7x

Price-To-Earnings vs Fair Ratio: DBAG34 is good value based on its Price-To-Earnings Ratio (8x) compared to the estimated Fair Price-To-Earnings Ratio (14.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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