Deutsche Bank AG
Research Deutsche Bank AG (DB) on Bullrun: valuation model: 13.2% undervalued, market cap USD 65.46B, P/E 9.0, dividend yield 3.2%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerDB
- ExchangeNYSE
- CountryGermany
- SectorFinancial Services
- IndustryBanks-Regional
- CurrencyUSD
- Valuation signal13.2% undervalued
- Market capUSD 65.46B
- P/E9.0
- Dividend yield3.2%
- Financial periodQ3 2026
- RevenueEUR 8.34B
- Net incomeEUR 1.81B
Valuation Snapshot
Bullrun's latest valuation model marks Deutsche Bank AG as 13.2% undervalued; latest market cap is USD 65.46B; P/E is 9.0; dividend yield is 3.2%.
Peer valuation comparison
Latest P/E is 9.04x versus a Financial Services sector median of 13.04x (30.7% below).
Latest dividend yield is 3.19% versus a Financial Services sector median of 3.48% (8.3% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | EUR 30.39B | EUR 6.93B | EUR 46.62B | n/a | 3.09 | EUR 171.62B | EUR 164.45B | EUR 78.64B |
| FY2024 | EUR 66.34B | EUR 3.37B | -EUR 29.11B | n/a | 1.37 | EUR 153.65B | EUR 151.49B | EUR 77.83B |
| FY2023 | EUR 59.35B | EUR 4.77B | EUR 5.18B | n/a | 2.03 | EUR 184.56B | EUR 144.22B | EUR 73.05B |
| FY2022 | EUR 37.31B | EUR 5.53B | -EUR 2.45B | n/a | 2.37 | EUR 186.09B | EUR 146.38B | EUR 70.54B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-11-06 | USD 65.46B | 9.0 | 3.3% | 1.17 |
| 2025 | 2025-12-31 | USD 74.79B | 10.5 | n/a | n/a |
| 2024 | 2024-12-31 | USD 33.82B | 11.6 | n/a | n/a |
| 2023 | 2023-12-29 | USD 27.83B | 5.5 | n/a | n/a |
| 2022 | 2022-12-30 | USD 24.00B | 6.2 | n/a | n/a |
| 2021 | 2021-12-31 | USD 25.83B | 9.9 | n/a | n/a |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 1.17 USD, yield 3.2%.
| Year | Dividends/share |
|---|---|
| FY2024 | 0.49 EUR |
| FY2023 | 0.33 EUR |
| FY2022 | 0.21 EUR |
About Deutsche Bank AG
Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, private clients, and asset management products and services in Germany, the United Kingdom, the rest of Europe, the Americas, the Asia-Pacific, the Middle East, and Africa. It operates through Corporate Bank, Investment Bank, Private Bank, and Asset Management segments. The Corporate Bank segment offers cash management services, such as integrated payments and FX solutions;
ETFs that hold Deutsche Bank AG
US-listed ETFs
Deutsche Bank AG is held by 114 US-listed ETFs, going by the latest portfolios they filed with the SEC. The 8 most traded of them:
| ETF | Weight | Fee |
|---|---|---|
| iShares MSCI EAFE ETF (EFA) | 0.30% | 0.32% |
| iShares Core MSCI EAFE ETF (IEFA) | 0.26% | 0.07% |
| Vanguard FTSE Developed Markets Index Fund ETF Shares (VEA) | 0.18% | 0.03% |
| Vanguard Total International Stock Index Fund ETF Shares (VXUS) | 0.14% | 0.05% |
| Vanguard Total World Stock Index Fund ETF Shares (VT) | 0.06% | 0.06% |
| iShares MSCI ACWI ETF (ACWI) | 0.07% | 0.32% |
| iShares MSCI ACWI ex U.S. ETF (ACWX) | 0.18% | 0.32% |
| Schwab International Equity ETF (SCHF) | 0.19% | 0.03% |
Portfolios as filed with the SEC on Form N-PORT, dated May to July 2026. Brokers in the EU generally do not offer US-listed ETFs to retail investors.
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Frequently asked questions
Is Deutsche Bank AG overvalued or undervalued?
Bullrun's valuation model currently marks Deutsche Bank AG as 13.2% undervalued.
What is Deutsche Bank AG's market cap?
Deutsche Bank AG's market capitalization is USD 65.46B.
What is Deutsche Bank AG's P/E ratio?
Deutsche Bank AG's price-to-earnings (P/E) ratio is 9.0.
Does Deutsche Bank AG pay a dividend?
Deutsche Bank AG has a dividend yield of 3.2%.
What does Deutsche Bank AG do?
Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, private clients, and asset management products and services in Germany, the United Kingdom, the rest of Europe, the Americas, the Asia-Pacific, the Middle East, and Africa. It operates through Corporate Bank, Investment Bank, Private Bank, and Asset Management segments.