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Deutsche Bank Aktiengesellschaft
🇩🇪 DBK.XETRA · Frankfurt · DE0005140008
Bank
EUR 31.14 price at analysis
Scores
Key Metrics
Powered by EODHDP/E (TTM)
8.7
P/E (Price-to-Earnings)Shows how much investors pay for each $1 of profit. We display the TTM P/E (Trailing Twelve Months) which uses actual earnings from the last 4 quarters. This is more reliable than Forward P/E which uses analyst estimates.
Calculation: 31.14 ÷ 3.57 = 8.7
TTM period through: 2026-03-31
Forward P/E (estimated): 9.2
Based on analyst estimates
Reference: Provider P/E (Trailing): 9.8
Net Debt/EBITDA (TTM)
-23.1x
Latest quarter: -75.5x
Net Debt / EBITDAA leverage ratio showing how many years of EBITDA (earnings before interest, taxes, depreciation, and amortization) it would take to repay net debt. EBITDA approximates operating cash generation. Lower ratios (e.g., <3x) are generally safer; higher (e.g., >5x) may indicate more financial risk.
TTM through: 2026-03-31
Latest quarter (2026-03-31): -75.5x
The quarterly value can spike when quarterly EBITDA is very low (e.g., one-time charges).
Quick guide: <2x manageable, >4x can be risky (sector-dependent).
ROE
8.6%
ROE (Return on Equity)A profitability measure: how much profit is generated from shareholders’ equity. Higher isn’t always better if it comes from high debt.
Dividend Summary
Powered by EODHDDividend Yield (Fwd)
3.21%
TTM: 3.26%
Dividend YieldThe Forward yield (Fwd) shows the next announced annual dividend / current price — what you'd earn going forward. The Trailing yield (TTM) in the tooltip shows dividends actually paid in the last 12 months. Forward is shown as primary because it reflects the company's current commitment to shareholders.
Forward Yield (estimated): 3.21%
Trailing Yield (TTM, last 12 months): 3.26%
Payout Ratio (Fwd)
28.0%
TTM: 19.0%
Payout RatioDividends as a percentage of earnings. The Forward payout (Fwd) uses the announced dividend divided by actual past earnings (TTM) — it tells you if the company can afford what it promised. Very high payouts can be risky, especially if profits fall.
Announced dividend / actual earnings (TTM)
Payout (Fwd): 28.0%
Payout (TTM): 19.0%
Cash Flow Payout (TTM): 2.8%
FCF Coverage (TTM): 35.45x
Growth Streak
4 yrs
Consec. increases
Div. Growth (5Y)
44.0%
Dividend History
EODHD Dividends API| Status | Type | Decl. Date | Ex-Div Date | Pay Date | Currency | Amount |
|---|---|---|---|---|---|---|
| Forecast* | Final | — | 29 May 2027 | — | EUR | 1 |
| Paid | Final | 03 Feb 2026 | 29 May 2026 | 02 Jun 2026 | EUR | 1 |
* Extrapolated from past dividend history. Not an official announcement — treat as an estimate, not a confirmed date or amount.
Summary
Deutsche Bank is a systemically important global financial institution demonstrating sustained profitability and aggressive dividend growth following a successful multi-year restructuring. Trading at €31.14, below its Net Asset Value of €40.71 (a 23% discount), this represents a compelling valuation for a stabilized banking giant. Worth considering for new positions at current levels, offering an attractive combination of a highly secure 3.3% yield and a strong trajectory of dividend increases.
Sector Context
Deutsche Bank is a systemically important global financial institution offering commercial, retail, and investment banking services worldwide. For dividend investors, banks like Deutsche Bank carry inherently higher leverage (high Debt/Equity is a normal feature of the deposit-taking business model), but offer compelling value and strong cash flow generation when trading significantly below their book value.
Temporary Opportunity Identified
Lingering market skepticism and valuation suppression due to historical legacy litigation (Postbank, Cum-Ex) and the implementation phase of Basel III rules, despite the bank fundamentally resolving its prior unprofitability.
📊 Strategy Analysis
- • Trading at an attractive valuation with a P/E of 8.7 and a 23% discount to its Net Asset Value of €40.71 (P/B 0.78), indicating significant undervaluation relative to its asset base.
- • Highly secure 3.3% dividend yield supported by a very conservative 31% TTM payout ratio and massive cash flow coverage.
- • Management is aggressively growing shareholder returns, with consecutive massive dividend hikes (+50% in 2024, +51% in 2025) and a stated goal to reach a 60% payout ratio.
- • Successful multi-year restructuring has eliminated historical loss years, resulting in a return to sustained profitability and stable revenue growth across economic cycles.
⚠ What to Watch
- • Return on Equity (ROE) of 8.65% remains slightly below the 10% benchmark typically desired for premium global banking institutions.
- • Long-term structural capital hurdles from the Basel III/CRR3 'output floor' implementation could pressure future capital buffers and risk-weighted assets.
- • Persistent headline risks and capital provisions from legacy litigation (such as the Postbank takeover provisions and Cum-Ex investigations) continue to generate noise and absorb capital.
📊 Historical Trends (10 Years)
Powered by EODHDThese charts show how key metrics have evolved over the past decade, helping you identify if the company is improving or deteriorating.
Debt Evolution (Net Debt / EBITDA)
Lower values are better. A declining trend indicates the company is reducing its debt (deleveraging).
Revenue & Earnings Growth
Consistent growth in revenueRevenue
The money a company brings in from selling its products or services. It’s the top line before costs. (blue) and earningsEarnings (Profit)
What’s left after expenses. Positive earnings mean the business made a profit; negative means a loss. (green) indicates a healthy business. Look for upward trends and recoveries after temporary dips.
Dividend Sustainability (FCF vs Dividends Paid)
Free cash flowFree Cash Flow
Cash left after the company pays for running the business and maintaining it. Often used to fund dividends, pay debt, or buy back shares. (FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., blue) should cover dividends paidDividends Paid
Cash the company paid out to shareholders. It’s not guaranteed and can change over time. (green). If dividends consistently exceed FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., the dividend may be at risk.
Analysis date: 2026-07-11
Disclaimer: This information is for educational purposes only. Not financial advice.