DWS Group GmbH & Co. KGaA

DB:DWS Stock Report

Market Cap: €7.9b

DWS Group GmbH KGaA Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • 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 DWS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DWS (€39.52) is trading below our estimate of fair value (€87.01)

Significantly Below Fair Value: DWS is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for DWS. This is calculated by dividing DWS's market cap by their current earnings.
What is DWS's PE Ratio?
PE Ratio13.2x
Earnings€597.00m
Market Cap€7.87b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for DWS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.4x
MLP MLP
10x8.3%€642.7m
AR4 AURELIUS Equity Opportunities SE KGaA
3.9xn/a€390.6m
DBAN Deutsche Beteiligungs
24.4x54.1%€420.9m
O4B OVB Holding
15.3x3.5%€283.6m
DWS DWS Group GmbH KGaA
13.2x12.7%€7.9b

Price-To-Earnings vs Peers: DWS is good value based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (13.4x).

Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AR4 AURELIUS Equity Opportunities SE KGaA
3.9xn/aUS$406.78m
HXCK Ernst Russ
3.8x-18.2%US$206.28m
VG8 Varengold Bank
1.8xn/aUS$24.05m
XE8 Black Sea Property
0.7xn/aUS$7.68m
No more companies available in this PE range
DWS 13.2xIndustry Avg. 20.3xNo. of Companies6PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DWS is good value based on its Price-To-Earnings Ratio (13.2x) compared to the German Capital Markets industry average (20.3x).

Price to Earnings Ratio vs Fair Ratio

What is DWS'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.

DWS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.2x
Fair PE Ratio17.6x

Price-To-Earnings vs Fair Ratio: DWS is good value based on its Price-To-Earnings Ratio (13.2x) compared to the estimated Fair Price-To-Earnings Ratio (17.6x).

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 DWS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€39.52
€43.53
+10.1%
11.8%€57.00€38.00n/a15
Nov ’25€39.56
€43.53
+10.0%
11.8%€57.00€38.00n/a15
Oct ’25€37.30
€41.71
+11.8%
12.8%€57.00€35.00n/a15
Sep ’25€34.88
€41.78
+19.8%
12.9%€57.00€35.00n/a15
Aug ’25€34.96
€41.73
+19.4%
12.5%€57.00€35.00n/a16
Jul ’25€33.68
€42.77
+27.0%
12.2%€57.00€34.00n/a16
Jun ’25€43.00
€43.35
+0.8%
12.0%€57.00€34.00n/a16
May ’25€39.88
€42.73
+7.1%
12.5%€57.00€35.00n/a16
Apr ’25€40.86
€41.36
+1.2%
12.6%€57.00€33.00n/a16
Mar ’25€37.60
€41.04
+9.2%
12.7%€57.00€33.00n/a17
Feb ’25€35.66
€40.53
+13.7%
13.7%€57.00€32.00n/a17
Jan ’25€34.68
€38.08
+9.8%
17.6%€57.00€28.50n/a17
Dec ’24€31.34
€37.49
+19.6%
17.1%€57.00€28.50n/a17
Nov ’24€27.90
€36.81
+31.9%
16.4%€57.00€28.50€39.5616
Oct ’24€32.46
€37.87
+16.7%
15.9%€57.00€30.50€37.3015
Sep ’24€31.98
€37.54
+17.4%
15.9%€57.00€30.50€34.8816
Aug ’24€31.40
€37.25
+18.6%
16.2%€57.00€29.00€34.9617
Jul ’24€27.94
€36.75
+31.5%
16.5%€57.00€30.50€33.6817
Jun ’24€30.92
€36.75
+18.9%
16.5%€57.00€30.50€43.0017
May ’24€29.84
€36.70
+23.0%
16.4%€57.00€30.50€39.8817
Apr ’24€28.12
€36.81
+30.9%
16.2%€57.00€30.50€40.8617
Mar ’24€30.88
€36.82
+19.2%
16.2%€57.00€30.50€37.6017
Feb ’24€33.26
€36.72
+10.4%
16.2%€57.00€30.50€35.6617
Jan ’24€30.32
€33.92
+11.9%
10.9%€41.00€26.50€34.6816
Dec ’23€30.36
€32.56
+7.2%
12.1%€41.00€26.50€31.3415
Nov ’23€27.98
€32.61
+16.6%
12.1%€41.00€26.50€27.9015

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

Discover undervalued companies

Yeahka

HK$4.2b

An investment holding company, provides payment and business services to merchants and consumers in the People’s Republic of China.

4YE

HK$1.19

7D

-2.5%

1Y

-30.0%

ORIX

JP¥3.8t

Provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East.

OIX

JP¥20.20

7D

-1.0%

1Y

22.4%

Merchants Bancorp

US$1.9b

Operates as the diversified bank holding company in the United States.

3KD

US$39.00

7D

2.6%

1Y

28.3%