Last 47 quarters of trend data · Financial Services · Banks - Regional
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Deutsche Bank AG's quarterly P/E stands at 14.8x, down 47.8% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has expanded 48.4% YoY to 20.3x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 8.68 | 14.83 | 11.35 | 9.89 | 6.69 | 28.42 | 6.01 | — | 6.36 | 5.06 | 5.61 | 8.49 | 4.64 |
| — | -47.8% | +88.8% | — | +5.3% | +462.0% | +7.2% | — | +37.0% | +51.0% | +60.6% | +90.4% | -28.1% | |
| P/S Ratio | 0.84 | 2.42 | 1.17 | 0.98 | 0.73 | 0.56 | 0.53 | 0.46 | 0.47 | 0.45 | 0.38 | 0.38 | 0.39 |
| — | +333.8% | +122.2% | +111.5% | +54.6% | +23.5% | +39.1% | +20.3% | +21.8% | -22.1% | -7.1% | -29.7% | -49.6% | |
| P/B Ratio | 0.67 | 0.93 | 0.90 | 0.75 | 0.58 | 0.43 | 0.46 | 0.49 | 0.48 | 0.38 | 0.31 | 0.31 | 0.29 |
| — | +117.4% | +95.7% | +54.6% | +21.0% | +13.1% | +46.3% | +59.1% | +64.0% | +11.9% | +42.0% | +14.4% | -25.5% | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 13.83 | 20.34 | 5.59 | 5.25 | 1.77 | 13.70 | 1.14 | 61.65 | 9.55 | -4.29 | -4.00 | -3.48 | -1.69 |
| — | +48.4% | +391.8% | -91.5% | -81.5% | +419.5% | +128.4% | +1872.8% | +666.5% | -139.2% | -9.1% | -23.9% | -309.1% | |
| EV / EBIT | 13.85 | 20.34 | 5.59 | 5.25 | 1.77 | 13.70 | 1.14 | 61.65 | 9.55 | -4.29 | -4.00 | -3.48 | -1.69 |
| — | +48.4% | +391.8% | -91.5% | -81.5% | +419.5% | +128.4% | +1872.8% | +666.5% | -139.2% | -9.1% | -23.9% | -309.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Deutsche Bank AG's operating margin was 26.2% in Q4 2025, up 10.0 pp QoQ and up 22.4 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 19.0% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 113.9% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 49.9% | 94.9% | 50.5% | 49.2% | 49.3% | 44.4% | 42.1% | 41.3% | 42.5% | 39.2% | 45.4% | 48.4% | 52.3% |
| — | +113.9% | +19.8% | +19.1% | +16.0% | +13.2% | -7.1% | -14.6% | -18.8% | -27.8% | -33.0% | -35.5% | -33.9% | |
| Operating Margin | 16.0% | 26.2% | 16.2% | 16.1% | 17.3% | 3.8% | 13.6% | 2.4% | 11.8% | 4.4% | 11.3% | 9.7% | 13.3% |
| — | +588.2% | +18.9% | +575.3% | +46.9% | -14.3% | +20.6% | -75.5% | -11.0% | -39.3% | -33.0% | -46.9% | -29.3% | |
| Net Margin | 11.4% | 19.5% | 11.8% | 11.2% | 12.0% | 2.0% | 9.8% | 0.0% | 8.2% | 8.9% | 7.7% | 6.2% | 9.3% |
| — | +880.2% | +19.5% | +24095.0% | +45.9% | -77.7% | +27.5% | -99.3% | -11.2% | -51.7% | -38.9% | -55.3% | -30.9% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.7% | 1.9% | 2.3% | 2.1% | 2.4% | 0.4% | 2.3% | 0.0% | 2.0% | 1.9% | 1.6% | 1.2% | 1.8% |
| — | +386.1% | -1.8% | +17390.9% | +22.2% | -79.3% | +43.3% | -99.0% | +12.5% | -30.9% | -7.0% | -27.9% | +2.5% | |
| ROA | 0.5% | 0.1% | 0.1% | 0.1% | 0.1% | 0.0% | 0.1% | 0.0% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| — | +385.8% | +6.3% | +19883.3% | +30.7% | -79.1% | +35.4% | -99.1% | +9.6% | -24.0% | +5.4% | -20.3% | +10.1% | |
| ROIC | 2.6% | 0.6% | 0.9% | 0.9% | 1.0% | 0.2% | 0.9% | 0.2% | 0.8% | 0.3% | 0.6% | 0.5% | 0.6% |
| — | +175.4% | -1.2% | +415.3% | +27.1% | -19.2% | +35.6% | -68.1% | +28.6% | +5.7% | +17.4% | -3.2% | +3.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Deutsche Bank AG's Debt/EBITDA ratio is 125.7x, up from 53.9x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 40.3% YoY to 0.18x, tightening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.18 | 3.18 | 1.67 | 1.75 | 1.61 | 1.91 | 1.62 | 1.87 | 1.76 | 1.93 | 1.69 | 1.79 | 1.81 |
| — | +66.6% | +3.0% | -6.8% | -8.5% | -1.1% | -4.2% | +4.7% | -2.5% | -28.7% | -21.1% | -17.3% | -16.0% | |
| Debt / EBITDA | 26.21 | 125.71 | 53.92 | 56.17 | 46.34 | 260.29 | 54.84 | 297.27 | 58.25 | 206.61 | 72.64 | 92.10 | 71.59 |
| — | -51.7% | -1.7% | -81.1% | -20.4% | +26.0% | -24.5% | +222.8% | -18.6% | -18.1% | -23.0% | -4.4% | -19.7% | |
| Current Ratio | 0.50 | 0.18 | 0.23 | 0.23 | 0.24 | 0.30 | 9.05 | 0.40 | — | 3.02 | 23.90 | 28.60 | 40.20 |
| — | -40.3% | -97.5% | -43.1% | — | -90.2% | -62.1% | -98.6% | — | +752.3% | -34.5% | -31.9% | -14.9% | |
| Quick Ratio | 0.50 | 0.18 | 0.23 | 0.23 | 0.24 | 0.30 | 9.05 | 0.40 | — | 3.02 | 23.90 | 28.60 | 40.20 |
| — | -40.3% | -97.5% | -43.1% | — | -90.2% | -62.1% | -98.6% | — | +752.3% | -34.5% | -31.9% | -14.9% | |
| Interest Coverage | 0.34 | 0.30 | 0.35 | 0.34 | 0.36 | 0.07 | 0.25 | 0.04 | 0.21 | 0.08 | 0.21 | 0.20 | 0.29 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Deutsche Bank AG's current P/E is 8.7x. The average P/E over the last 4 quarters is 10.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Deutsche Bank AG's current operating margin is 16.0%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Deutsche Bank AG's business trajectory between earnings reports.