Deutsche Bank Aktiengesellschaft

BUSE:DEUTSCHEBANK Stock Report

Market Cap: Ft13.6t

Deutsche Bank Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

Below Fair Value: DEUTSCHEBANK (HUF6966) is trading above our estimate of fair value (HUF5249.28)

Significantly Below Fair Value: DEUTSCHEBANK is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for DEUTSCHEBANK. This is calculated by dividing DEUTSCHEBANK's market cap by their current earnings.
What is DEUTSCHEBANK's PE Ratio?
PE Ratio8.5x
Earnings€3.89b
Market Cap€32.88b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for DEUTSCHEBANK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.1x
MQG Macquarie Group
22.8x9.8%AU$82.6b
BPAC11 Banco BTG Pactual
11.5x14.3%R$139.2b
UBSG UBS Group
21.9x25.5%CHF 88.6b
INL Investec Group
7.9x11.0%R113.9b
DEUTSCHEBANK Deutsche Bank
8.5x12.6%Ft32.9b

Price-To-Earnings vs Peers: DEUTSCHEBANK is good value based on its Price-To-Earnings Ratio (8.5x) compared to the peer average (16.3x).

Price to Earnings Ratio vs Industry

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

16 CompaniesPrice / EarningsEstimated GrowthMarket Cap
DEUTSCHEBANK 8.5xIndustry Avg. 13.2xNo. of Companies39PE01224364860+
16 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DEUTSCHEBANK is good value based on its Price-To-Earnings Ratio (8.5x) compared to the European Capital Markets industry average (13.1x).

Price to Earnings Ratio vs Fair Ratio

What is DEUTSCHEBANK'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.

DEUTSCHEBANK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate DEUTSCHEBANK'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?

The above table shows the analyst DEUTSCHEBANK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentFt6,966.00
Ft7,481.08
+7.4%
18.8%Ft9,612.02Ft4,515.99n/a15
Dec ’25Ft6,600.00
Ft7,310.42
+10.8%
18.6%Ft9,427.56Ft4,429.33n/a15
Nov ’25Ft6,316.00
Ft7,274.09
+15.2%
18.5%Ft9,387.66Ft4,410.58n/a15
Oct ’25Ft6,130.00
Ft6,841.58
+11.6%
19.0%Ft8,862.15Ft4,331.72n/a16
Sep ’25Ft5,786.00
Ft7,005.04
+21.1%
38.3%Ft16,924.92Ft4,290.27n/a18
Aug ’25Ft5,700.00
Ft7,032.23
+23.4%
38.3%Ft16,995.92Ft4,308.27n/a18
Jul ’25Ft6,033.00
Ft6,934.80
+14.9%
38.9%Ft17,010.09Ft4,311.86n/a18
Jun ’25Ft5,876.00
Ft6,818.26
+16.0%
38.8%Ft16,750.78Ft4,246.13n/a18
May ’25Ft5,875.00
Ft6,694.45
+13.9%
39.4%Ft16,760.48Ft4,248.59n/a18
Apr ’25Ft5,804.00
Ft6,226.15
+7.3%
44.5%Ft16,968.64Ft4,301.35n/a18
Mar ’25Ft4,900.00
Ft6,057.88
+23.6%
43.9%Ft16,720.73Ft4,238.51n/a19
Feb ’25Ft4,850.00
Ft5,749.08
+18.5%
46.7%Ft16,457.78Ft3,750.84n/a19
Jan ’25Ft4,718.00
Ft5,742.52
+21.7%
47.0%Ft16,525.66Ft3,766.31n/a19
Dec ’24Ft4,370.00
Ft5,687.40
+30.1%
47.0%Ft16,344.02Ft3,724.92Ft6,600.0019
Nov ’24Ft3,995.00
Ft5,729.81
+43.4%
47.5%Ft16,465.91Ft3,752.70Ft6,316.0019
Oct ’24Ft4,082.00
Ft5,819.91
+42.6%
48.5%Ft16,758.23Ft3,819.32Ft6,130.0018
Sep ’24Ft3,856.00
Ft5,689.47
+47.5%
48.6%Ft16,672.52Ft3,799.78Ft5,786.0019
Aug ’24Ft3,913.00
Ft5,634.88
+44.0%
48.7%Ft16,560.05Ft3,774.15Ft5,700.0019
Jul ’24Ft3,448.00
Ft5,633.13
+63.4%
46.8%Ft16,074.99Ft3,925.29Ft6,033.0019
Jun ’24Ft3,561.00
Ft5,622.42
+57.9%
45.9%Ft16,144.51Ft3,942.26Ft5,876.0020
May ’24Ft3,670.50
Ft5,584.07
+52.1%
46.0%Ft16,042.44Ft3,917.34Ft5,875.0020
Apr ’24Ft3,565.50
Ft5,821.28
+63.3%
44.1%Ft16,341.77Ft4,142.45Ft5,804.0020
Mar ’24Ft4,400.00
Ft5,851.50
+33.0%
44.1%Ft16,341.27Ft4,142.32Ft4,900.0020
Feb ’24Ft4,780.00
Ft5,718.54
+19.6%
47.0%Ft16,767.62Ft3,704.47Ft4,850.0020
Jan ’24Ft4,301.00
Ft5,793.52
+34.7%
49.1%Ft17,274.85Ft3,816.54Ft4,718.0019
Dec ’23Ft4,106.50
Ft5,848.78
+42.4%
49.9%Ft17,574.30Ft3,882.69Ft4,370.0019

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 Analysis2024/12/18 08:47
End of Day Share Price 2024/12/18 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Deutsche Bank Aktiengesellschaft is covered by 54 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Marta Sánchez RomeroAhorro Corporación
Dieter HeinAlphaValue
Jesús Gómez DominguezBanco Santander