Moody's Corporation

DB:DUT Stock Report

Market Cap: €67.6b

Moody's Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: DUT (€387) is trading below our estimate of future cash flow value (€387.01)

Significantly Below Future Cash Flow Value: DUT is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for DUT. This is calculated by dividing DUT's market cap by their current earnings.
What is DUT's PE Ratio?
PE Ratio31.4x
EarningsUS$2.50b
Market CapUS$78.23b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for DUT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.9x
DB1 Deutsche Börse
22.1x6.72%€45.4b
DBK Deutsche Bank
9x7.37%€53.9b
DWS DWS Group GmbH KGaA
12.3x5.32%€12.1b
ICE Intercontinental Exchange
20.2x6.71%US$78.7b
DUT Moody's
31.4x9.31%€78.2b

Price-To-Earnings vs Peers: DUT is expensive based on its Price-To-Earnings Ratio (31.4x) compared to the peer average (15.9x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does DUT's PE Ratio compare vs other companies in the DE Capital Markets Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
BBHK Deutsche Balaton
3.1xn/aUS$345.52m
ECS0 Eight Capital Partners
0.9xn/aUS$24.05m
XE8 Black Sea Property
1.5xn/aUS$1.42m
No more companies available in this PE range
DUT 31.4xIndustry Avg. 14.9xNo. of Companies11PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DUT is expensive based on its Price-To-Earnings Ratio (31.4x) compared to the German Capital Markets industry average (14.9x).

Price to Earnings Ratio vs Fair Ratio

What is DUT'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.

DUT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.4x
Fair PE Ratio23.3x

Price-To-Earnings vs Fair Ratio: DUT is expensive based on its Price-To-Earnings Ratio (31.4x) compared to the estimated Fair Price-To-Earnings Ratio (23.3x).

Analyst Price Targets

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

The above table shows the analyst DUT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€387.00
€463.26
+19.71%
6.59%€527.22€422.64n/a20
Jun ’27€389.00
€460.80
+18.46%
6.59%€524.42€420.39n/a20
May ’27€393.00
€456.41
+16.13%
6.99%€520.39€392.43n/a20
Apr ’27€376.10
€476.67
+26.74%
8.16%€575.45€401.07n/a20
Mar ’27€403.60
€463.22
+14.77%
8.16%€559.22€389.76n/a20
Feb ’27€428.70
€489.83
+14.26%
7.68%€561.73€391.51n/a19
Jan ’27€438.10
€463.86
+5.88%
7.37%€527.74€391.55n/a19
Dec ’26€418.10
€466.66
+11.62%
7.20%€534.07€396.24n/a20
Nov ’26€416.30
€469.67
+12.82%
6.81%€534.63€396.66n/a21
Oct ’26€402.10
€464.16
+15.44%
5.28%€508.76€404.80n/a21
Sep ’26€431.60
€463.68
+7.43%
5.76%€507.71€405.32n/a20
Aug ’26€448.10
€473.59
+5.69%
5.66%€521.10€416.01n/a20
Jul ’26€424.80
€439.68
+3.50%
8.05%€500.10€367.21n/a22
Jun ’26€426.50
€440.39
+3.26%
8.05%€502.44€368.93€389.0022
May ’26€389.60
€443.66
+13.88%
7.93%€506.62€371.99€393.0022
Apr ’26€427.90
€500.84
+17.05%
8.00%€565.41€398.57€376.1021
Mar ’26€473.10
€518.70
+9.64%
9.14%€585.17€399.28€403.6020
Feb ’26€479.30
€485.17
+1.22%
9.26%€547.77€398.82€428.7020
Jan ’26€454.00
€485.44
+6.93%
9.36%€549.77€400.27€438.1020
Dec ’25€470.90
€470.47
-0.091%
9.19%€538.65€392.18€418.1019
Nov ’25€423.30
€457.98
+8.19%
9.75%€527.14€365.30€416.3019
Oct ’25€423.10
€434.61
+2.72%
8.07%€514.94€356.84€402.1019
Sep ’25€439.40
€429.07
-2.35%
8.04%€481.98€350.12€431.6019
Aug ’25€420.10
€430.36
+2.44%
8.82%€489.67€355.70€448.1018
Jul ’25€392.90
€384.29
-2.19%
6.99%€422.81€335.27€424.8018
Jun ’25€363.20
€377.02
+3.80%
6.55%€414.32€331.45€426.5018
€463.17
Fair Value
16.4% undervalued intrinsic discount
20
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/13 23:33
End of Day Share Price 2026/06/12 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Moody's Corporation is covered by 32 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John EadeArgus Research Company
Jeffrey MeulerBaird
Manav PatnaikBarclays