Deutsche Bank AG (DB) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Deutsche Bank AG stock $43.37, price $33.64, upside +28.9%, quality 70 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Deutsche Bank AG
DB · USThe stock costs 22% less than our calculation considers fair.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 1, 2026.
How to read this chart
60‑month range $6.37 – $41.56 · fair‑value band $40.19 – $50.79 · the $33.64 price screens below the $43.37 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 1, 2026.
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Company profile
Deutsche Bank, 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.
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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; trade finance and lending offerings, including documentary and guarantee business, and structured trade finance and lending; and depository receipts, corporate trust, document custody, and securities services.
The Investment Bank segment provides financing solutions in industries and asset classes; institutional sales, trading, and structuring in foreign exchange, rates, emerging markets, and credit trading; liquidity, market making services, and specialized risk management solutions for fixed income and currencies products; and advisory and financial products and services.
This segment is also involved in the mergers and acquisitions business; and capital markets businesses in debt and equity.
The Private Bank segment offers a range of payment and account services, and credit and deposit products, as well as investment advice, and postal and parcel services; and planning, managing and investing wealth, financing personal and business interests, and servicing institutional and corporate needs.
The Asset Management segment provides access to investment capabilities in active and passive asset classes comprising Xtrackers range and alternatives; and access to private equity, private credit, real estate, and infrastructure.
Deutsche Bank was incorporated in 1870 and is headquartered in Frankfurt am Main, Germany.
Stock analysis
Deutsche Bank AG (DB) currently trades at $33.64, while our model-based Fair Value estimate is $43.37, implying the stock looks roughly 22.4% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of $43.38 per share, and 2 of the 6 models we run sit above the $33.64 price.
Bear case: the Dividend Discount group reads lowest at $11.29, and 4 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: $40.19 (bear) to $50.79 (bull), the price of $33.64 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 70/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Deutsche Bank AG reported revenue of €60.9B in FY2025 versus €25.3B in FY2021, a compound +24.5%/yr. Reported net income was €6.9B in FY2025, compounding +30.8%/yr from FY2021.
Key figures
Market cap $65.1B Large · P/E ratio 9.0 · P/S ratio 2.12 · EPS (TTM) $3.73 · Dividend yield 3.0% · Net margin 22.7% · Return on equity 9.0% · Return on assets (EBIT) 0.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 57 out of 100 (medium confidence).
What moves the price
The share trades about 19% below its 52-week high and 26% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −32% fair-value upside, at 29%, DB screens cheaper than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
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Recent news
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Compare Deutsche Bank AG with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 999 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Fair value gap by industry
- Return on assets by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| China Merchants Bank Co 600036 | ¥43.18 | ¥52.73 | +22% | vs DB |
| BNP Paribas SA BNP | €87.04 | €106.06 | +22% | vs DB |
| Itaú Unibanco Holding ITUB | $7.13 | $6.90 | −3% | vs DB |
| Intesa Sanpaolo S.p.A ISP | €5.95 | €4.53 | −24% | vs DB |
| UniCredit S.p.A UCG | €74.40 | €50.44 | −32% | vs DB |
| Oversea-Chinese Banking Corporation O39 | 28.32 SGD | 18.20 SGD | −36% | vs DB |
| Mizuho Financial Group MFG | $9.66 | $5.92 | −39% | vs DB |
| HDFC Bank Limited HDFCBANK | ₹700.00 | ₹406.39 | −42% | vs DB |
| DBS Group D05 | 71.71 SGD | 40.39 SGD | −44% | vs DB |
| ICICI Bank Limited ICICIBANK | ₹1,387 | ₹615.63 | −56% | vs DB |
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Key figures of Deutsche Bank AG
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