Deutsche Bank AG (DB) Financial Ratios
26 years of historical data (2000–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
13.93
↑+46% vs avg
5yr avg: 9.57
30Y Low6.1·High51.3
P/FCF
N/A
—
5yr avg: 5.50
30Y Low0.4·High30.9
P/B Ratio
↑
0.68
↑+35% vs avg
5yr avg: 0.50
30Y Low0.2·High2.4
ROE
↑
8.7%
↓+40% vs avg
5yr avg: 6.2%
30Y Low-11%·High31%
Debt/EBITDA
↓
26.21
↓-19% vs avg
5yr avg: 32.25
30Y Low15.4·High46.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DB Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Deutsche Bank AG trades at 8.8x earnings, 12% below its 5-year average of 10.0x, sitting at the 15th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.4x, the stock trades at a discount of 34%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $61.3B | $77.0B | $34.8B | $28.5B | $24.5B | $26.8B | $23.7B | $16.4B | $17.1B | $37.4B | $28.2B |
| Enterprise Value | $158.9B | $160.2B | $32.6B | $-11829800000 | $33.9B | $-16384000000 | $52.3B | $15.6B | $-8631070000 | $-19348669000 | $31.3B |
| P/E Ratio → | 8.83 | 12.48 | 12.45 | 6.67 | 4.86 | 13.44 | 157.29 | — | 62.69 | — | — |
| P/S Ratio | 0.86 | 1.27 | 0.52 | 0.48 | 0.66 | 0.87 | 0.78 | 0.48 | 0.47 | 1.01 | 0.70 |
| P/B Ratio | 0.68 | 0.96 | 0.44 | 0.38 | 0.34 | 0.39 | 0.38 | 0.28 | 0.25 | 0.55 | 0.43 |
| P/FCF | — | — | — | 5.50 | — | — | 0.78 | — | — | 0.96 | 0.40 |
| P/OCF | — | — | — | 5.09 | — | — | 0.77 | — | — | 0.95 | 0.40 |
P/E links to full P/E history page with 30-year chart
DB EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Deutsche Bank AG's enterprise value stands at 13.9x EBITDA, 46% above its 5-year average of 9.6x. The Financial Services sector median is 11.4x, placing the stock at a 22% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.63 | 0.49 | -0.20 | 0.91 | -0.53 | 1.73 | 0.45 | -0.24 | -0.52 | 0.78 |
| EV / EBITDA | 13.93 | 16.48 | 6.16 | -2.08 | 6.05 | -4.83 | 51.27 | — | -6.49 | -15.76 | — |
| EV / EBIT | 13.94 | 16.48 | 6.16 | -2.08 | 6.05 | -4.83 | 51.27 | — | -6.49 | -15.76 | — |
| EV / FCF | — | — | — | -2.28 | — | — | 1.73 | — | — | -0.49 | 0.45 |
DB Profitability
Margins and return-on-capital ratios measuring operating efficiency
Deutsche Bank AG earns an operating margin of 16.0%, below the Financial Services sector average of 21.2%. Operating margins have expanded from 9.6% to 16.0% over the past 3 years, signaling improving operational efficiency. ROE of 8.7% is modest, trailing the sector median of 9.4%. ROIC of 2.6% represents below-average returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 49.9% | 49.9% | 42.5% | 46.1% | 68.2% | 80.6% | 73.3% | 64.7% | 66.9% | 68.4% | 70.4% |
| Operating Margin | 16.0% | 16.0% | 8.0% | 9.6% | 15.0% | 11.0% | 3.4% | -7.6% | 3.7% | 3.3% | -2.0% |
| Net Profit Margin | 11.4% | 11.4% | 5.1% | 8.0% | 14.8% | 7.7% | 1.6% | -15.6% | 0.7% | -2.0% | -3.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.7% | 8.7% | 4.4% | 6.5% | 7.9% | 3.6% | 0.8% | -8.5% | 0.4% | -1.1% | -2.1% |
| ROA | 0.5% | 0.5% | 0.2% | 0.4% | 0.4% | 0.2% | 0.0% | -0.4% | 0.0% | -0.0% | -0.1% |
| ROIC | 2.6% | 2.6% | 1.8% | 1.7% | 1.7% | 1.0% | 0.3% | -0.9% | 0.4% | 0.4% | -0.2% |
| ROCE | 1.9% | 1.9% | 0.6% | 0.7% | 0.6% | 0.4% | 0.1% | -0.2% | 0.1% | 0.1% | -0.1% |
DB Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Deutsche Bank AG carries a Debt/EBITDA ratio of 26.2x, which is highly leveraged (534% above the sector average of 4.1x). Net debt stands at $83.2B ($254.8B total debt minus $171.6B cash). Interest coverage of just 0.3x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.18 | 3.18 | 1.91 | 1.93 | 2.70 | 2.30 | 3.28 | 2.54 | 2.50 | 2.62 | 3.03 |
| Debt / EBITDA | 26.21 | 26.21 | 28.63 | 25.40 | 34.94 | 46.07 | 199.83 | — | 129.21 | 145.05 | — |
| Net Debt / Equity | — | 1.04 | -0.03 | -0.54 | 0.13 | -0.63 | 0.46 | -0.01 | -0.37 | -0.83 | 0.05 |
| Net Debt / EBITDA | 8.56 | 8.56 | -0.41 | -7.10 | 1.68 | -12.74 | 28.10 | — | -19.37 | -46.25 | — |
| Debt / FCF | — | — | — | -7.78 | — | — | 0.95 | — | — | -1.45 | 0.05 |
| Interest Coverage | 0.34 | 0.34 | 0.15 | 0.19 | 0.53 | 0.62 | 0.16 | -0.23 | 0.12 | 0.11 | -0.08 |
DB Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.50x is below 1.0, meaning current liabilities exceed current assets — though the company's $171.6B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 2.21x to 0.50x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.50 | 0.50 | 0.30 | 2.21 | 0.48 | 3.92 | 0.41 | 14.07 | 10.48 | 9.63 | 9.52 |
| Quick Ratio | 0.50 | 0.50 | 0.30 | 2.21 | 0.48 | 3.92 | 0.41 | 14.07 | 10.48 | 9.63 | 9.52 |
| Cash Ratio | 0.18 | 0.18 | 0.18 | 1.91 | 0.23 | 2.63 | 0.24 | 1.87 | 1.84 | 1.84 | 1.36 |
| Asset Turnover | — | 0.04 | 0.05 | 0.05 | 0.03 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
DB Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Deutsche Bank AG does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 11.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | 2.5% | 2.1% | 1.7% | — | 1.5% | 1.4% | 1.3% | 1.0% | — |
| Payout Ratio | — | — | 26.2% | 12.8% | 7.3% | — | 70.5% | — | 85.0% | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.3% | 8.0% | 8.0% | 15.0% | 20.6% | 7.4% | 0.6% | — | 1.6% | — | — |
| FCF Yield | — | — | — | 18.2% | — | — | 127.8% | — | — | 104.4% | 248.3% |
| Buyback Yield | 0.0% | 0.0% | 3.2% | 3.0% | 2.8% | 1.3% | 4.5% | 8.3% | 24.0% | 21.1% | 18.7% |
| Total Shareholder Yield | 0.0% | 0.0% | 5.8% | 5.1% | 4.5% | 1.3% | 6.0% | 9.7% | 25.4% | 22.2% | 18.7% |
| Shares Outstanding | — | $2.0B | $2.0B | $2.1B | $2.1B | $2.1B | $2.2B | $2.1B | $2.1B | $2.0B | $1.6B |
Peer Comparison
Compare DB with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 DBYou | $61B | 8.8 | 13.9 | — | 49.9% | 16.0% | 8.7% | 2.6% | 26.2 |
 UBS | $140B | 24.2 | 30.0 | — | 63.6% | 11.9% | 7.0% | 1.2% | 37.3 |
 BBVA | $124B | 11.2 | 5.3 | 7.5 | 83.6% | 43.9% | 17.3% | 7.0% | 4.6 |
 SAN | $182B | 12.1 | 21.6 | — | 40.0% | 15.6% | 12.8% | 2.3% | 22.7 |
 ING | $86B | 12.0 | 20.8 | — | 94.3% | 39.7% | 12.4% | 3.1% | 18.5 |
 BCS | $82B | 10.8 | 4.8 | — | 108.6% | 37.3% | 9.5% | 2.7% | 21.0 |
 HSBC | $314B | 15.1 | 16.4 | 12.5 | 54.6% | 20.3% | 11.8% | 4.0% | 15.5 |
 GS | $291B | 23.1 | 34.9 | — | 41.1% | 14.5% | 12.0% | 1.9% | 29.7 |
 MS | $308B | 24.3 | 26.0 | — | 55.6% | 17.1% | 13.0% | 2.9% | 15.8 |
 C | $223B | 21.4 | 25.1 | — | 41.7% | 10.0% | 6.1% | 1.6% | 27.7 |
 JPM | $849B | 15.9 | 13.6 | — | 58.6% | 27.7% | 17.4% | 5.4% | 9.0 |
| Financial Services Median | — | 13.4 | 11.4 | 10.6 | 63.4% | 21.2% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 26 years · Updated daily
Full DB Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
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Start ComparisonDB — Frequently Asked Questions
Quick answers to the most common questions about buying DB stock.
What is Deutsche Bank AG's P/E ratio?
Deutsche Bank AG's current P/E ratio is 8.8x. The historical average is 40.3x. This places it at the 15th percentile of its historical range.
What is Deutsche Bank AG's EV/EBITDA?
Deutsche Bank AG's current EV/EBITDA is 13.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 24.3x.
What is Deutsche Bank AG's ROE?
Deutsche Bank AG's return on equity (ROE) is 8.7%. The historical average is 4.9%.
Is DB stock overvalued?
Based on historical data, Deutsche Bank AG is trading at a P/E of 8.8x. This is at the 15th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Deutsche Bank AG's profit margins?
Deutsche Bank AG has 49.9% gross margin and 16.0% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Deutsche Bank AG have?
Deutsche Bank AG's Debt/EBITDA ratio is 26.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.