Friday 6 November 2026
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Deutsche Bank Aktiengesellschaft
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%
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Analyst price targets
Free accountTen 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
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% |
Deutsche Bank Aktiengesellschaft (DB) Latest News
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7 Oct
28 Sep
DB metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score