Deutsche Bank (DBK.DE): analysis in plain words
Is Deutsche Bank cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
Deutsche Bank (DBK.DE) is listed on the Frankfurt Stock Exchange (Xetra) and we classify it in banking. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Deutsche Bank according to those figures, and the questions people ask most about the stock. No buy or sell tips.
Deutsche Bank (DBK.DE) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | €32.55 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 9.8x | Price over earnings per share |
| Revenue growth | +2.8% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 22.7% | Profit for every 100 of sales |
| Net debt / EBITDA | Not meaningful (financial company) | Years of operating profit to repay debt |
| Dividend yield | 3.27% | Annual dividend over price |
| Market cap | €60.4 billion | What the stock market values it at |
The Deutsche Bank figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any DBK.DE figure that is not available shows as N/A: we do not estimate it.
How Deutsche Bank makes money
Deutsche Bank reports four divisions: the Investment Bank, its largest by revenue, covering fixed income, currencies and M&A advisory; the Corporate Bank, with payments and financing for companies; the Private Bank, offering accounts, loans and wealth management to individuals in Germany and abroad; and Asset Management through its DWS fund arm.
Over the last 12 months, Deutsche Bank brought in revenue of €30.7 billion. Its operating margin, what Deutsche Bank keeps from every 100 of sales after running costs, is 33.6%.
Deutsche Bank against its sector
To know whether a Deutsche Bank figure is high or low you have to put it next to similar companies. This table compares Deutsche Bank with the median of the 20 banking companies Fintols covers, with data as of November 4, 2026.
| Figure | Deutsche Bank | banking median |
|---|---|---|
| P/E | 9.8x | 12.2x (20) |
| Revenue growth | +2.8% | +7.3% (20) |
| Net margin | 22.7% | 32.6% (20) |
| Dividend yield | 3.27% | 3.55% (20) |
| ROE | 9.0% | 13.1% (19) |
In short, against the typical banking company, Deutsche Bank trades on a lower P/E, grows more slowly and earns a thinner margin. By size, Deutsche Bank ranks number 8 of 12 banking companies quoted in EUR on Fintols.
The bull case for Deutsche Bank
What works in favour of Deutsche Bank, according to its figures as of November 4, 2026:
- For income seekers, Deutsche Bank pays a dividend yielding 3.27% at today's price, using 30% of its profit to fund it.
- On a P/E basis Deutsche Bank trades cheaper than its sector: 9.8x its annual earnings, against 12.2x for the banking median (20 companies with data).
- Deutsche Bank keeps 22.7 of every 100 it sells as net profit, against 32.6 for the median banking company: a margin like that leaves money to invest, buy back shares or pay dividends.
The main risk for Deutsche Bank
The Deutsche Bank figures as of November 4, 2026 show no clear red flag (no heavy debt, no losses, no falling sales). Its main risk is the one built into its business: falling interest rates (which squeeze what it earns on loans) or rising bad loans if the economy weakens.
Frequently asked questions about Deutsche Bank
Is it a good time to buy Deutsche Bank stock?
Fintols does not tell you whether to buy or sell Deutsche Bank, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Deutsche Bank stock trades at €32.55, 9% below its 52-week high (€35.84) and 37% above its low (€23.82). Its P/E is 9.8x against a banking median of 12.2x, and 8.3x on the earnings analysts expect over the next 12 months. With Deutsche Bank, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does Deutsche Bank pay a dividend?
Yes. As of November 4, 2026, Deutsche Bank pays €1.00 per share a year, which at today's price is a yield of 3.27%. It uses 30% of its profit to pay it, which leaves room to keep paying it if profit dips. The banking median on Fintols is 3.55%.
Is Deutsche Bank stock expensive?
It depends on what you compare it with. On P/E, Deutsche Bank trades at 9.8x its last 12 months of earnings: cheaper than the banking median (12.2x). For a financial company you also look at price to book value: 0.8x (banking median: 1.7x). A high P/E alone does not make Deutsche Bank expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are Deutsche Bank's competitors?
On Fintols we compare Deutsche Bank with Nordea, Banco Sabadell and Bankinter, which are also in banking. As of November 4, 2026, Nordea is worth €55.6 billion and trades on a P/E of 11.9; Banco Sabadell is worth €16.8 billion and trades on a P/E of 14.3; Bankinter is worth €12.9 billion and trades on a P/E of 11.4. Each has a side-by-side comparison with Deutsche Bank below.
Deutsche Bank competitors
- Nordea (NDA-FI.HE) analysis · Deutsche Bank vs Nordea comparison
- Banco Sabadell (SAB) analysis · Deutsche Bank vs Banco Sabadell comparison
- Bankinter (BKT) analysis · Deutsche Bank vs Bankinter comparison
To understand Deutsche Bank better
- How to Read a Balance Sheet: A Beginner's Guide
- Dividend Growth Investing: FCF Payout Ratio and Compounding
More companies like Deutsche Bank: banking stocks. Open the full DBK.DE analysis with its valuation and scenarios. Educational content about Deutsche Bank, not investment advice.