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Also traded in: Czech Republic, Germany, Italy, Mexico, Romania, Switzerland, UK

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash-to-Debt 1.24
NYSE:DB's Cash-to-Debt is ranked higher than
50% of the 1374 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 1.22 vs. NYSE:DB: 1.24 )
Ranked among companies with meaningful Cash-to-Debt only.
NYSE:DB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12  Med: 0.42 Max: 1.33
Current: 1.24
0.12
1.33
Equity-to-Asset 0.05
NYSE:DB's Equity-to-Asset is ranked lower than
92% of the 1386 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 0.11 vs. NYSE:DB: 0.05 )
Ranked among companies with meaningful Equity-to-Asset only.
NYSE:DB' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.01  Med: 0.03 Max: 0.05
Current: 0.05
0.01
0.05
Debt-to-Equity 2.53
NYSE:DB's Debt-to-Equity is ranked lower than
89% of the 1222 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 0.72 vs. NYSE:DB: 2.53 )
Ranked among companies with meaningful Debt-to-Equity only.
NYSE:DB' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.52  Med: 4.43 Max: 7.09
Current: 2.53
2.52
7.09
Debt-to-EBITDA 6.73
NYSE:DB's Debt-to-EBITDA is ranked lower than
86% of the 1236 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 1.99 vs. NYSE:DB: 6.73 )
Ranked among companies with meaningful Debt-to-EBITDA only.
NYSE:DB' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0  Med: 0 Max: 0
Current: 6.73
Beneish M-Score: -2.32
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 2/10

vs
industry
vs
history
Net Margin % -6.83
NYSE:DB's Net Margin % is ranked lower than
94% of the 1390 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 23.34 vs. NYSE:DB: -6.83 )
Ranked among companies with meaningful Net Margin % only.
NYSE:DB' s Net Margin % Range Over the Past 10 Years
Min: -28.27  Med: 1.41 Max: 17.83
Current: -6.83
-28.27
17.83
ROE % -2.54
NYSE:DB's ROE % is ranked lower than
93% of the 1390 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 8.73 vs. NYSE:DB: -2.54 )
Ranked among companies with meaningful ROE % only.
NYSE:DB' s ROE % Range Over the Past 10 Years
Min: -11.31  Med: 0.84 Max: 14.77
Current: -2.54
-11.31
14.77
ROA % -0.12
NYSE:DB's ROA % is ranked lower than
93% of the 1396 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 0.90 vs. NYSE:DB: -0.12 )
Ranked among companies with meaningful ROA % only.
NYSE:DB' s ROA % Range Over the Past 10 Years
Min: -0.41  Med: 0.03 Max: 0.27
Current: -0.12
-0.41
0.27
3-Year Revenue Growth Rate -14.40
NYSE:DB's 3-Year Revenue Growth Rate is ranked lower than
94% of the 1293 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 4.30 vs. NYSE:DB: -14.40 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
NYSE:DB' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -18.8  Med: -8 Max: 15.5
Current: -14.4
-18.8
15.5
GuruFocus has detected 1 Warning Sign with Deutsche Bank AG NYSE:DB.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» NYSE:DB's 30-Y Financials

Financials (Next Earnings Date: 2019-02-02 Est.)


Revenue & Net Income
Equity & Asset
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q4 2017

DB Guru Trades in Q4 2017

Pioneer Investments 15,943,402 sh (New)
Third Avenue Management 600,000 sh (+20.00%)
David Dreman 487 sh (unchged)
Jim Simons 914,338 sh (-59.00%)
» More
Q1 2018

DB Guru Trades in Q1 2018

Third Avenue Management 700,000 sh (+16.67%)
Pioneer Investments 28,986,439 sh (+81.81%)
David Dreman 487 sh (unchged)
Jim Simons Sold Out
» More
Q2 2018

DB Guru Trades in Q2 2018

Third Avenue Management 322,000 sh (-54.00%)
Pioneer Investments 20,940,596 sh (-27.76%)
» More
Q3 2018

DB Guru Trades in Q3 2018

Third Avenue Management Sold Out
Pioneer Investments 14,153,949 sh (-32.41%)
» More
» Details

Insider Trades

Latest Guru Trades with DB

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

Guru Date Action
Impact Price Range
(Average)*
Change from Average Comment Current Shares
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Business Description

Industry: Banks » Banks - Regional - Europe    NAICS: 522110 
Compare:OSL:DNB, OCSE:DANSKE, XPAR:KN, OSTO:SWED A, OSTO:SEB A, WBO:EBS, XBRU:KBC, XTER:CBK, WAR:PKO, OSTO:NDA SEK, XMCE:BKIA, XPAR:GLE, BUD:OTP, WBO:RBI, XMCE:SAB, MIL:MB, WAR:BZW, XPAR:ACA, XMCE:BKT, WAR:PEO » details
Traded in other countries:DBK.Czech Republic, DBK.Germany, DBK.Italy, DBN.Mexico, DBK.Romania, DBK.Switzerland, 0H7D.UK,
Headquarter Location:Germany
Deutsche Bank AG is a leading private bank. It offers investment, financial and related products and services to private individuals, corporate entities and institutional clients around the world.

Headquarters based in Frankfurt, Deutsche Bank is Germany's leading private bank, with a strong presence in Europe, America, and Asia-Pacific. The bank largely maintains its roots in Germany, where 30% of total banking revenue is driven. With its revised business restructuring program the bank's business model will be based on three main divisions: Corporate & Investment Bank, Private & Commercial Bank, and Deutsche Asset Management. The bank is looking to IPO a minority stake in the asset management business within two years.

Guru Investment Theses on Deutsche Bank AG

Third Avenue Management Comments on Deutsche Bank AG - Nov 01, 2018

Deutsche Bank AG (NYSE:DB) is headquartered in Frankfurt, Germany. The company’s operations include private banking, global investment banking, wealth management and fund management. Trading at roughly 40% of tangible book value the bank has never fully recovered from the Global Financial Crisis and the European Sovereign Crisis thereafter. In recent years, the company has been besieged by fines, a poor capital position and wide-ranging restructuring efforts that have progressed at a frustratingly slow pace aggravating shareholders and ultimately leading to the termination of two CEOs in the last five years. DB was able to check at least one box by fixing its capital position with a EUR 8 billion rights offering in March 2017 and later the public listing of its asset management business, DWS Group. At the time of the rights offering, DB’s share price was roughly EUR 16 and the exercise price of the rights were EUR 11.65 per share. Immediately following the rights offering the recapitalized DB traded at roughly EUR 15.5 per share or approximately 60% higher than the share price today. Yet, as a result of that recapitalization DB today boasts a better balance sheet than most major European banks. DB’s share price reflects its inability to demonstrate that it can earn a reasonable rate of return on its capital base. In fairness, shareholders are certainly entitled to their frustrations with half-measures and slow-moving restructuring efforts having generated limited results. The most recent CEO change, in which Christian Sewing took the helm earlier this year, is a reflection that shareholder patience had been exhausted and that Sewing and his board understand that their mandate is to move with alacrity. It is an over-simplification, but not wrong, to say that DB has two primary problems. First, the German private banking business is structurally less profitable than in many other countries as a result of state participation in the banking industry designed to support German industry. The German private banking industry needs to continue to consolidate and DB is playing its part, most recently through its combination with Postbank. The integration has been slow and clumsy though Sewing has accelerated the efforts. It is expected by many that once DB has digested the Postbank integration it will turn its attention to a potential combination with German rival Commerzbank. Secondly, over time DB’s global investment banking business became far-reaching, employed far too much capital, showed poor profitability and was furthermore the source of numerous fines. Under Sewing, DB has begun a retreat from a range of its global investment banking activities, particularly those which employ lots of capital at poor rates of return. DB’s most recent restructuring of its U.S. prime brokerage business reflects this strategy. On this front, Sewing must execute rapid cost reduction and retrenchment from specific lines of business while keeping clients convinced that DB remains committed to other lines of business. DB will see some revenue loss by design but must work to cut costs quickly to avoid producing losses in the event that revenue declines run ahead of cost declines. We think they have a good chance of executing on these two agendas and improving returns on equity. If Sewing can shrink DB into its core competencies, resulting in returns on equity even half that of its peers competing in the same lines of business, the investment should work out quite well. After all, we have paid a price that approximates 40% of liquidation value for a well-capitalized banking business.

From Third Avenue Management (Trades, Portfolio)'s third-quarter 2018 shareholder letter.

Check out Third Avenue Management latest stock trades

Top Ranked Articles about Deutsche Bank AG

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Deutsche Bank Aktiengesellschaft - DB
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Deutsche Bank Aktiengesellschaft - DB
Deutsche Bank Losses Alert: Bernstein Liebhard LLP Announces First Investigation Of Deutsche Bank Aktiengesellschaft - DB
Third Avenue Management Comments on Deutsche Bank AG Guru stock highlight
Deutsche Bank AG (NYSE:DB) is headquartered in Frankfurt, Germany. The company’s operations include private banking, global investment banking, wealth management and fund management. Trading at roughly 40% of tangible book value the bank has never fully recovered from the Global Financial Crisis and the European Sovereign Crisis thereafter. In recent years, the company has been besieged by fines, a poor capital position and wide-ranging restructuring efforts that have progressed at a frustratingly slow pace aggravating shareholders and ultimately leading to the termination of two CEOs in the last five years. DB was able to check at least one box by fixing its capital position with a EUR 8 billion rights offering in March 2017 and later the public listing of its asset management business, DWS Group. At the time of the rights offering, DB’s share price was roughly EUR 16 and the exercise price of the rights were EUR 11.65 per share. Immediately following the rights offering the recapitalized DB traded at roughly EUR 15.5 per share or approximately 60% higher than Read more...
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Deutsche Bank Aktiengesellschaft of Class Action Lawsuit and Upcoming Deadline – DB
FINAL DEADLINE ALERT:  Brower Piven Reminds Shareholders Of Approaching Deadline In Class Action Lawsuit And Encourages Those Who Have Losses In Excess Of $100,000 From Investment In Deutsche Bank Aktiengesellschaft (NYSE: DB) To Contact The Firm
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Deutsche Bank Aktiengesellschaft of Class Action Lawsuit and Upcoming Deadline – DB
Hagens Berman Reminds Investors in Deutsche Bank Aktiengesellschaft (NYSE: DB) of the August 6, 2018 Securities Class Action Lead Plaintiff Deadline
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Deutsche Bank Aktiengesellschaft of Class Action Lawsuit and Upcoming Deadline – DB
DB NOTICE: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Deutsche Bank Aktiengesellschaft – DB

Ratios

vs
industry
vs
history
Forward PE Ratio 16.39
DB's Forward PE Ratio is ranked lower than
95% of the 464 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 13.40 vs. DB: 16.39 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PB Ratio 0.24
DB's PB Ratio is ranked higher than
95% of the 1383 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 1.24 vs. DB: 0.24 )
Ranked among companies with meaningful PB Ratio only.
DB' s PB Ratio Range Over the Past 10 Years
Min: 0.24  Med: 0.55 Max: 1.25
Current: 0.24
0.24
1.25
PS Ratio 0.64
DB's PS Ratio is ranked higher than
94% of the 1373 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 3.41 vs. DB: 0.64 )
Ranked among companies with meaningful PS Ratio only.
DB' s PS Ratio Range Over the Past 10 Years
Min: 0.45  Med: 1.04 Max: 1.73
Current: 0.64
0.45
1.73
EV-to-Revenue -0.92
DB's EV-to-Revenue is ranked lower than
99.99% of the 1151 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 4.50 vs. DB: -0.92 )
Ranked among companies with meaningful EV-to-Revenue only.
DB' s EV-to-Revenue Range Over the Past 10 Years
Min: -1.4  Med: 4 Max: 9.4
Current: -0.92
-1.4
9.4
Shiller PE Ratio 123.02
DB's Shiller PE Ratio is ranked lower than
95% of the 573 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 20.24 vs. DB: 123.02 )
Ranked among companies with meaningful Shiller PE Ratio only.
DB' s Shiller PE Ratio Range Over the Past 10 Years
Min: 5.18  Med: 7.6 Max: 175.67
Current: 123.02
5.18
175.67

Buy Back

vs
industry
vs
history
3-Year Dividend Growth Rate -33.20
DB's 3-Year Dividend Growth Rate is ranked lower than
91% of the 790 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 6.20 vs. DB: -33.20 )
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
DB' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -100  Med: 1.6 Max: 36.5
Current: -33.2
-100
36.5
3-Year Average Share Buyback Ratio -10.20
DB's 3-Year Average Share Buyback Ratio is ranked lower than
76% of the 975 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: -2.40 vs. DB: -10.20 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
DB' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -17.5  Med: -6.3 Max: 5.6
Current: -10.2
-17.5
5.6

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 0.27
DB's Price-to-Tangible-Book is ranked higher than
93% of the 1370 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 1.33 vs. DB: 0.27 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
DB' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.27  Med: 1.1 Max: 2.19
Current: 0.27
0.27
2.19
Price-to-Intrinsic-Value-Projected-FCF 0.07
DB's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
98% of the 867 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 0.82 vs. DB: 0.07 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
DB' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.07  Med: 0.45 Max: 4.44
Current: 0.07
0.07
4.44
Price-to-Median-PS-Value 0.62
DB's Price-to-Median-PS-Value is ranked higher than
85% of the 1305 Companies
in the Global Banks - Regional - Europe industry.

( Industry Median: 1.11 vs. DB: 0.62 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
DB' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.51  Med: 1.09 Max: 1.94
Current: 0.62
0.51
1.94

More Statistics

Revenue (TTM) (Mil) $30,008.63
EPS (TTM) $ -1.25
Beta1.67
Volatility38.12%
52-Week Range $8.60 - 20.23
Shares Outstanding (Mil)2,064.90

Analyst Estimate

Dec18 Dec19 Dec20
Revenue (Mil $) 28,902 28,091 29,043
EBIT (Mil $) 1,872 2,837 4,084
EBITDA (Mil $)
EPS ($) 0.36 0.47 0.91
EPS without NRI ($) 0.36 0.47 0.91
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($) 0.15 0.19 0.37

Piotroski F-Score Details

Piotroski F-Score: ----
Positive ROAN
Positive CFROAN
Higher ROA yoyN
CFROA > ROAN
Lower Leverage yoyN
Higher Current Ratio yoyN
Less Shares Outstanding yoyN
Higher Gross Margin yoyN
Higher Asset Turnover yoyN

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