Deutsche Bank Aktiengesellschaft

DB Financial Banks Regional

Deutsche Bank Aktiengesellschaft’s revenue for fiscal 2025 (year ended December 2025) was $68.1 billion, down 3.67% from fiscal 2024.

Revenue
+5.77%
EPS
+26.0%
Free cash flow
+127.2%
Total debt
+0.46%

Quarter to June 2026, against a year earlier

36.50 0.23 −0.63%
Market cap
$66.2B
P/E
10.1×
Fwd P/E
9.2×
Dividend yield
3.25%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 13.10%

Capital & Financial Ratios $m

Size
Market Cap 66,220.00
Revenue ttm 69,627.54
Net income ttm 12,313.65
Free cash flow ttm 57,586.75
Net debt Q (290,464.50)
Valuation
P/E 10.12
Forward P/E 9.17
Price / sales 1.00
Forward P/S Powerpack
Price / FCF 1.21
Price / book 0.73
Financial health
Current ratio Q 0.72
Debt / equity Q 1.35
Interest coverage Q —
Growth
Revenue growth Q +5.77% (above 0%: growing)
Operating income growth Q +16.67% (above 0%: growing)
EPS, this year +0.26%
EPS, next year A +17.80% (at or above 15%: strong)
Revenue, next year A −64.93% (below 0%: weak)
EPS, past 5 yrs +118.67% (at or above 15%: strong)
EPS, next 5 yrs A +10.86%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 66.44%
10-year low 10-year high
P/S against its own 10 years 93.25%
10-year low 10-year high
P/B against its own 10 years 94.10%
10-year low 10-year high

Dividends raised 4 years running

Yield
3.25%
Annual rate
1.19
Payout ratio
33.5%
Growth, 2017–25
+17.6%/yr
  1. 0.21 ’17
  2. 0.13 ’18 −39
  3. 0.12 ’19 −5
  4. 0.00 ’20 −100
  5. 0.00 ’21
  6. 0.21 ’22
  7. 0.32 ’23 +54
  8. 0.49 ’24 +51
  9. 0.77 ’25 +58
  10. 0.82 ’26e +6
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 719,247 361,669 824,892 419,936
Receivables — — — —
Inventory — — — —
Other — — — —
1,238,051 885,294 1,365,944 989,612
2023 2024 2025 Q'26
Payables 676,964 722,518 785,848 814,929
ST’ Debt — — — —
Other — 346,172 304,014 358,249
1,087,320 1,183,049 1,245,357 1,374,296

Compound Annual Growth %

10y 5y 3y
Sales 3.47% 14.41% 19.87%
Cash Flow (3.33%) 8.69% 0.00%
Earnings 0.00% 64.34% 5.02%
Book Value 2.17% 5.56% 6.99%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 0.93 0.96 — — —
’25 0.89 0.76 0.97 0.68 3.50
’24 0.60 (0.41) 1.77 0.16 2.00
’23 0.65 0.21 0.85 1.40 3.00
’22 0.62 0.61 0.55 0.91 2.50
’21 0.55 0.45 0.16 0.08 1.15
’20 0.02 (0.15) 0.15 0.07 0.07
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 17,115 18,587 — — —
’25 16,613 17,573 17,254 16,672 68,111
’24 17,422 17,437 19,842 16,002 70,703
’23 14,459 14,567 16,346 18,029 63,400
’22 9,891 9,070 6,625 6,757 39,541
’21 8,479 9,139 7,135 6,831 36,906
’20 6,941 8,553 6,962 6,941 34,745
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — 7,648 — — —
’25 — 29,119 — 53,248 53,248
’24 — (27,003) — (30,931) (30,931)
’23 — — — — 6,067
’22 — — — — (2,226)
’21 — — — — (3,493)
’20 — — — — 35,110
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — 7,420 — — —
’25 — 28,879 — 52,767 52,767
’24 — (27,247) — (31,480) (31,480)
’23 — (188) — (421) 5,646
’22 — (180) — — (2,558)
’21 — (176) — — (4,008)
’20 — (195) — — 34,552
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 45,306 43,133 43,599 38,713 34,745 36,906 39,541 63,400 70,703 68,111 69,628 +4.6% 23,885 24,945 26,082 (27.4%)
Gross margin, % 73.31 69.30 68.58 67.02 78.94 81.87 72.11 53.18 48.22 52.22 53.63 (21.1) pt
EBT (896) 1,388 1,571 (2,950) 1,146 4,162 5,739 8,610 7,253 10,261 10,803 n/m
EBT margin, % (1.98) 3.22 3.60 (7.62) 3.30 11.28 14.51 13.58 10.26 15.06 15.51 +17.0 pt
Net income (1,501) (831) 403 (5,897) 699 3,070 5,852 6,983 4,849 7,709 12,314 n/m
Per share, $
Per share, $ Revenue 29.13 21.92 20.74 18.35 16.48 17.60 18.97 30.72 35.47 34.85 36.45 +2.0%
Earnings (1.19) (0.42) (0.01) (3.04) 0.07 1.18 2.55 3.06 2.05 3.57 3.61 n/m
Cash flow 50.24 22.73 (30.37) (21.47) 16.65 (1.67) (1.07) 2.94 (15.51) 27.24 30.93 (6.6%)
Capex (0.37) (0.21) (0.06) (0.12) (0.26) (0.25) (0.16) (0.20) (0.28) (0.25) (0.78) (4.4%)
Free cash flow 49.87 22.52 (30.44) (21.60) 16.39 (1.91) (1.23) 2.74 (15.79) 27.00 30.15 (6.6%)
Book value 46.12 39.12 38.62 32.99 33.69 38.43 36.46 40.02 44.44 47.63 50.12 +0.4%
Shares, m 1,555 1,968 2,102 2,110 2,108 2,097 2,085 2,064 1,994 1,955 1,937 +2.6%
Valuation, ×
Valuation, × P/E 0.00 0.00 43.51 0.00 98.02 9.78 4.21 4.29 7.89 11.44 10.12 17.9
P/S 0.56 0.88 0.39 0.46 0.77 0.82 0.74 0.44 0.48 1.11 1.00 0.7
P/B 0.36 0.49 0.21 0.26 0.33 0.39 0.36 0.34 0.38 0.81 0.73 0.4
EV/Sales (6.63) (8.41) (5.11) (22.24) (6.82) (7.16) (5.17) (8.86) (2.88) (9.10) — (8.2)
EV/FCF (3.87) (8.18) 3.48 10.97 10.32 (56.40) (10.65) 3,485.42 2.48 (27.04) — 340.7
Cash, $m
Cash, $m Operating cash flow 78,137 44,733 (63,852) (45,303) 35,110 (3,493) (2,226) 6,067 (30,931) 53,248 59,085 (4.2%)
Capex (574) (420) (129) (263) (557) (516) (332) (421) (550) (481) (1,498) (2.0%)
Free cash flow 77,563 44,312 (63,981) (45,566) 34,552 (4,008) (2,558) 5,646 (31,480) 52,767 57,587 (4.2%)
Balance, $m
Balance, $m Working capital (329,568) (195,387) (282,997) (316,615) (312,269) (268,724) (253,673) 150,731 (297,755) 120,587 (384,684) n/m
Net debt (323,099) (400,607) (240,019) (151,400) (161,495) (196,108) (167,592) (590,028) (237,335) (695,058) (290,464) +8.9%
Shareholders’ equity 71,729 76,972 81,178 69,619 71,033 80,568 76,008 82,612 88,586 93,097 95,731 +2.9%
Returns, %
Returns, % ROA (0.09) (0.05) 0.02 (0.40) 0.04 0.19 0.38 0.44 0.28 0.42 0.41 +0.5 pt
ROIC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0 pt
ROE (2.11) (1.14) 0.40 (8.01) 0.78 3.83 7.29 7.96 4.76 7.28 7.44 +9.4 pt
People
People Employees 99,744 97,535 91,737 87,597 84,659 82,969 84,930 90,130 89,753 89,879 — (1.2%)
Revenue/emp, $m 0.45 0.44 0.48 0.44 0.41 0.44 0.47 0.70 0.79 0.76 — +5.9%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Deutsche Bank Aktiengesellschaft vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
IBN ICICI Bank Limited $116.8B 18.9× — +5.71% (above 0%: growing) +25.00% (above 0%: growing) −61.24% (below 0%: shrinking) 70.90% 0.00% Compare
USB U.S. Bancorp $93.1B 11.7× 11.2× +2.26% (above 0%: growing) +9.84% (above 0%: growing) +151.96% (above 0%: growing) 70.62% 0.00% Compare
PNC The PNC Financial Services Group, Inc $90.0B 12.1× 12.0× +6.44% (above 0%: growing) +14.22% (above 0%: growing) +15.40% (above 0%: growing) 70.11% 0.00% Compare
LYG Lloyds Banking Group PLC $74.1B 12.0× — −67.58% (below 0%: shrinking) +66.24% (above 0%: growing) +62.30% (above 0%: growing) 100.00% 0.00% Compare
DB Deutsche Bank Aktiengesellschaft $66.2B 10.1× 9.2× +5.77% (above 0%: growing) +25.97% (above 0%: growing) +127.23% (above 0%: growing) 57.34% 0.00%
NWG NatWest Group plc $63.1B 8.3× 7.9× +12.91% (above 0%: growing) +40.54% (above 0%: growing) −47.36% (below 0%: shrinking) 58.30% 0.00% Compare
TFC Truist Financial Corporation $59.7B 12.7× 11.7× −22.06% (below 0%: shrinking) −45.71% (below 0%: shrinking) +17.77% (above 0%: growing) 61.29% 0.00% Compare
NU Nu Holdings Ltd. $56.7B 16.0× 13.6× +50.29% (above 0%: growing) +69.23% (above 0%: growing) −102.15% (below 0%: shrinking) 71.77% 0.00% Compare
FITB Fifth Third Bancorp $48.3B 18.1× 17.7× +36.55% (above 0%: growing) 0.00% −26.19% (below 0%: shrinking) 72.77% 0.00% Compare
Median of peers $68.6B 12.4× 11.9× +6.08% +19.61% −5.40% 70.76% 0.00%

All 327 Banks Regional stocks →

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DB metrics, ten years each

stockrow.com/DB · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com