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Deutsche Bank (DB)


Market Price (10/21/2025): $34.0 | Market Cap: $66.9 Bil
Sector: Financials | Industry: Regional Banks

Deutsche Bank (DB)


Market Price (10/21/2025): $34.0
Market Cap: $66.9 Bil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.8%
  Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 65%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -81%
  
2 Low stock price volatility
Vol 12M is 36%
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.8%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -81%
2 Low stock price volatility
Vol 12M is 36%
3 Valuation getting more expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 65%

Market Valuation & Key Metrics

DB Stock


Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
DB Return40%15%-6%21%30%104%381%
Peers Return4%35%-15%17%42%32%160%
S&P 500 Return16%27%-19%24%23%15%106%

Monthly Win Rates [3]
DB Win Rate58%50%50%67%67%100% 
Peers Win Rate58%63%42%50%65%69% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
DB Max Drawdown-30%-7%-40%-19%-7%0% 
Peers Max Drawdown-47%-2%-29%-14%-4%-18% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: JPM, BAC, MS, GS, C. See DB Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/20/2025 (YTD)

Downturns Compared

Unique KeyEventDBS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-55.2%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven123.0%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven571 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-50.4%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven101.5%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven252 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-68.0%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven212.1%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven1993 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-86.7%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven650.3%131.3%
2008 Global Financial CrisisTime to BreakevenTime to BreakevenNot Fully Recovered days1480 days


How Low Can It Go?

Deutsche Bank's stock fell -55.2% during the 2022 Inflation Shock from a high on 2/10/2022. A -55.2% loss requires a 123.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Better Bets than Deutsche Bank (DB)

Latest Trefis Analyses

Trade Ideas

Select past ideas related to DB. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
HLNE_9302025_Dip_Buyer_FCFYield09302025HLNEHamilton LaneDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-12.4%-12.4%-12.7%
CNS_9302025_Dip_Buyer_ValueBuy09302025CNSCohen & SteersDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
6.1%6.1%-1.6%
JKHY_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025JKHYJack Henry & AssociatesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
2.4%2.4%-2.1%
FDS_9192025_Monopoly_xInd_xCD_Getting_Cheaper09192025FDSFactSet Research SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-0.9%-0.9%-4.9%
IBKR_9052025_Quality_Momentum_RoomToRun_10%09052025IBKRInteractive BrokersQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
10.1%10.1%0.0%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
HLNE_9302025_Dip_Buyer_FCFYield09302025HLNEHamilton LaneDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-12.4%-12.4%-12.7%
CNS_9302025_Dip_Buyer_ValueBuy09302025CNSCohen & SteersDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
6.1%6.1%-1.6%
JKHY_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025JKHYJack Henry & AssociatesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
2.4%2.4%-2.1%
FDS_9192025_Monopoly_xInd_xCD_Getting_Cheaper09192025FDSFactSet Research SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-0.9%-0.9%-4.9%
IBKR_9052025_Quality_Momentum_RoomToRun_10%09052025IBKRInteractive BrokersQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
10.1%10.1%0.0%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for Deutsche Bank

Financials

DBJPMBACMSGSCMedian
NameDeutsche.JPMorgan.Bank of .Morgan S.Goldman .Citigroup 
Mkt Price33.90302.3652.04161.97763.3299.30130.63
Mkt Cap66.7843.2399.6255.4239.5184.3247.4
Rev LTM31,038175,656103,43561,50356,21383,11372,308
Op Inc LTM-------
FCF LTM--148,6154,550-20,941-24,879-93,686-24,879
FCF 3Y Avg--56,10424,365-25,282-27,212-65,690-27,212
CFO LTM--148,6154,550-17,670-22,852-87,165-22,852
CFO 3Y Avg--56,10424,365-21,957-24,836-59,182-24,836

Growth & Margins

DBJPMBACMSGSCMedian
NameDeutsche.JPMorgan.Bank of .Morgan S.Goldman .Citigroup 
Rev Chg LTM6.4%8.2%5.4%16.7%12.2%6.3%7.3%
Rev Chg 3Y Avg6.4%13.5%5.0%5.0%3.8%4.3%5.0%
Rev Chg Q2.9%6.7%6.0%11.3%14.5%8.1%7.4%
QoQ Delta Rev Chg LTM0.7%1.6%1.5%2.6%3.4%2.0%1.8%
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM--84.6%4.4%-28.7%-40.7%-104.9%-40.7%
CFO/Rev 3Y Avg--32.5%24.8%-41.3%-46.4%-74.6%-41.3%
FCF/Rev LTM--84.6%4.4%-34.0%-44.3%-112.7%-44.3%
FCF/Rev 3Y Avg--32.5%24.8%-47.4%-51.2%-82.8%-47.4%

Valuation

DBJPMBACMSGSCMedian
NameDeutsche.JPMorgan.Bank of .Morgan S.Goldman .Citigroup 
Mkt Cap66.7843.2399.6255.4239.5184.3247.4
P/S2.24.83.94.24.32.24.0
P/EBIT-------
P/E11.914.914.317.315.413.014.6
P/CFO--5.787.8-14.5-10.5-2.1-5.7
Total Yield8.4%6.7%7.0%5.8%6.5%7.7%6.8%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg--7.4%8.7%-16.0%-14.8%-56.0%-14.8%
D/E2.00.60.91.41.62.01.5
Net D/E-0.8-0.5-0.81.00.9-1.0-0.6

Returns

DBJPMBACMSGSCMedian
NameDeutsche.JPMorgan.Bank of .Morgan S.Goldman .Citigroup 
1M Rtn-6.5%-3.5%-0.4%1.3%-5.2%-3.3%-3.4%
3M Rtn11.8%4.4%10.2%16.1%8.7%7.9%9.5%
6M Rtn49.7%33.3%42.6%54.7%53.8%60.7%51.8%
12M Rtn97.5%37.0%25.9%37.8%47.4%62.8%42.6%
3Y Rtn314.8%166.3%61.2%127.1%153.6%151.6%152.6%
1M Excs Rtn-7.5%-4.5%-1.5%0.2%-6.2%-4.4%-4.4%
3M Excs Rtn4.7%-2.5%2.8%9.7%2.8%-0.4%2.8%
6M Excs Rtn19.2%2.8%12.0%24.1%23.3%30.1%21.2%
12M Excs Rtn83.5%22.8%9.2%24.3%31.7%44.0%28.0%
3Y Excs Rtn265.5%114.1%-5.7%43.3%84.9%75.8%80.3%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Private Bank9,5719,1528,2338,1268,206
Investment Bank9,16010,0169,6319,2867,019
Corporate Bank7,7186,3375,1535,1465,244
Asset Management2,3832,6082,7082,2292,332
Corporate & Other47-902-186-552147
Capital Release Unit   -225217
Total28,87927,21125,53924,01023,165


Assets by Segment
$ Mil20242023202220212020
Investment Bank658,000677,000616,000573,536501,774
Private Bank331,000333,000310,000296,596270,334
Corporate Bank264,000258,000246,000237,675228,663
Corporate & Other49,00060,000142,00010,03527,743
Asset Management10,00010,00010,0009,4539,936
Capital Release Unit   197,667259,224
Total1,312,0001,338,0001,324,0001,324,9621,297,674


Price Behavior

Short Interest

Short Interest: As Of Date9302025
Short Interest: Shares Quantity8,649,676
Short Interest: % Change Since 9152025-27.9%
Average Daily Volume2,473,901
Days-to-Cover Short Interest3.50
Basic Shares Quantity1,968,700,000
Short % of Basic Shares0.4%

SEC Filings

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Report DateFiling DateFiling
331202142820216-K 3/31/2021
9302020102820206-K 9/30/2020
331202042920206-K 3/31/2020
12312019320202020-F 12/31/2019
9302019103020196-K 9/30/2019
630201972420196-K 6/30/2019
331201942620196-K 3/31/2019
12312018325201920-F 12/31/2018
9302018102420186-K 9/30/2018
630201872520186-K 6/30/2018
331201871620186-K 3/31/2018
12312017316201820-F 12/31/2017
9302017102620176-K 9/30/2017
630201772720176-K 6/30/2017
331201742720176-K 3/31/2017
12312016320201720-F 12/31/2016

Insider Activity

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