Deutsche Bank Valuation
Is DBK undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
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 DBK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: DBK (CZK415.05) is trading below our estimate of fair value (CZK625.71)
Significantly Below Fair Value: DBK is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for DBK?
Other financial metrics that can be useful for relative valuation.
| What is DBK's n/a Ratio? | |
|---|---|
| n/a | 0x |
| n/a | n/a |
| Market Cap | €32.84b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | n/a |
| Enterprise Value/EBITDA | n/a |
| PEG Ratio | 1.3x |
Price to Earnings Ratio vs Peers
How does DBK's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 10.9x | ||
MQG Macquarie Group | 16.4x | 6.2% | AU$68.4b |
BPAC11 Banco BTG Pactual | 17.2x | 15.5% | R$170.4b |
UBSG UBS Group | 3.2x | -33.6% | CHF80.1b |
INL Investec Group | 7x | 2.9% | R107.6b |
DBK Deutsche Bank | 7.5x | 5.9% | Kč32.8b |
Price-To-Earnings vs Peers: DBK is good value based on its Price-To-Earnings Ratio (7.5x) compared to the peer average (11x).
Price to Earnings Ratio vs Industry
How does DBK's PE Ratio compare vs other companies in the European Capital Markets Industry?
Price-To-Earnings vs Industry: DBK is good value based on its Price-To-Earnings Ratio (7.5x) compared to the European Capital Markets industry average (15x).
Price to Earnings Ratio vs Fair Ratio
What is DBK'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 7.5x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate DBK's Price-To-Earnings Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | Kč415.05 | Kč406.84 -2.0% | 43.3% | Kč1,081.00 | Kč274.02 | n/a | 18 |
| Apr ’25 | Kč373.00 | Kč399.08 +7.0% | 44.5% | Kč1,088.79 | Kč276.00 | n/a | 18 |
| Mar ’25 | Kč316.00 | Kč395.92 +25.3% | 43.9% | Kč1,093.92 | Kč277.30 | n/a | 19 |
| Feb ’25 | Kč313.55 | Kč373.24 +19.0% | 46.7% | Kč1,068.46 | Kč243.51 | n/a | 19 |
| Jan ’25 | Kč303.00 | Kč365.91 +20.8% | 47.0% | Kč1,053.00 | Kč239.99 | n/a | 19 |
| Dec ’24 | Kč276.90 | Kč363.82 +31.4% | 47.0% | Kč1,045.52 | Kč238.28 | n/a | 19 |
| Nov ’24 | Kč258.00 | Kč367.60 +42.5% | 47.5% | Kč1,056.37 | Kč240.75 | n/a | 19 |
| Oct ’24 | Kč253.60 | Kč365.03 +43.9% | 48.5% | Kč1,051.08 | Kč239.55 | n/a | 18 |
| Sep ’24 | Kč245.75 | Kč353.76 +44.0% | 48.6% | Kč1,036.67 | Kč236.26 | n/a | 19 |
| Aug ’24 | Kč243.25 | Kč350.72 +44.2% | 48.7% | Kč1,030.71 | Kč234.91 | n/a | 19 |
| Jul ’24 | Kč226.00 | Kč357.77 +58.3% | 46.8% | Kč1,020.95 | Kč249.30 | n/a | 19 |
| Jun ’24 | Kč229.00 | Kč355.78 +55.4% | 45.9% | Kč1,021.59 | Kč249.46 | n/a | 20 |
| May ’24 | Kč232.00 | Kč352.23 +51.8% | 46.0% | Kč1,011.90 | Kč247.09 | n/a | 20 |
| Apr ’24 | Kč222.30 | Kč359.47 +61.7% | 44.1% | Kč1,009.45 | Kč255.88 | Kč373.00 | 20 |
| Mar ’24 | Kč276.15 | Kč364.76 +32.1% | 44.1% | Kč1,018.97 | Kč258.30 | Kč316.00 | 20 |
| Feb ’24 | Kč290.45 | Kč349.73 +20.4% | 47.0% | Kč1,025.46 | Kč226.56 | Kč313.55 | 20 |
| Jan ’24 | Kč257.90 | Kč348.82 +35.3% | 49.1% | Kč1,040.10 | Kč229.79 | Kč303.00 | 19 |
| Dec ’23 | Kč243.05 | Kč348.59 +43.4% | 49.9% | Kč1,047.43 | Kč231.41 | Kč276.90 | 19 |
| Nov ’23 | Kč236.00 | Kč337.64 +43.1% | 53.9% | Kč1,053.68 | Kč142.15 | Kč258.00 | 19 |
| Oct ’23 | Kč188.00 | Kč337.40 +79.5% | 53.8% | Kč1,053.72 | Kč142.15 | Kč253.60 | 19 |
| Sep ’23 | Kč202.65 | Kč336.84 +66.2% | 54.7% | Kč1,054.79 | Kč142.30 | Kč245.75 | 19 |
| Aug ’23 | Kč207.85 | Kč334.68 +61.0% | 54.0% | Kč1,057.68 | Kč142.69 | Kč243.25 | 20 |
| Jul ’23 | Kč201.40 | Kč352.46 +75.0% | 51.5% | Kč1,064.03 | Kč167.10 | Kč226.00 | 19 |
| Jun ’23 | Kč258.15 | Kč359.02 +39.1% | 47.7% | Kč1,061.88 | Kč259.30 | Kč229.00 | 20 |
| May ’23 | Kč232.60 | Kč361.09 +55.2% | 45.8% | Kč1,058.43 | Kč269.04 | Kč232.00 | 21 |
| Apr ’23 | Kč289.90 | Kč356.09 +22.8% | 47.1% | Kč1,047.45 | Kč266.25 | Kč222.30 | 20 |
Analyst Forecast: Target price is lower than the current share price.