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Deutsche Bank AG (XTER:DBK) Cyclically Adjusted PB Ratio : 0.62 (As of Jun. 28, 2025)


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What is Deutsche Bank AG Cyclically Adjusted PB Ratio?

As of today (2025-06-28), Deutsche Bank AG's current share price is €26.00. Deutsche Bank AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €41.63. Deutsche Bank AG's Cyclically Adjusted PB Ratio for today is 0.62.

The historical rank and industry rank for Deutsche Bank AG's Cyclically Adjusted PB Ratio or its related term are showing as below:

XTER:DBK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.24   Max: 0.62
Current: 0.62

During the past years, Deutsche Bank AG's highest Cyclically Adjusted PB Ratio was 0.62. The lowest was 0.11. And the median was 0.24.

XTER:DBK's Cyclically Adjusted PB Ratio is ranked better than
78.43% of 1284 companies
in the Banks industry
Industry Median: 1.03 vs XTER:DBK: 0.62

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Deutsche Bank AG's adjusted book value per share data for the three months ended in Mar. 2025 was €41.195. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €41.63 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Deutsche Bank AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Deutsche Bank AG's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Deutsche Bank AG Cyclically Adjusted PB Ratio Chart

Deutsche Bank AG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.21 0.26 0.24 0.29 0.40

Deutsche Bank AG Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.34 0.35 0.37 0.40 0.52

Competitive Comparison of Deutsche Bank AG's Cyclically Adjusted PB Ratio

For the Banks - Regional subindustry, Deutsche Bank AG's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Deutsche Bank AG's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Deutsche Bank AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Deutsche Bank AG's Cyclically Adjusted PB Ratio falls into.


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Deutsche Bank AG Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Deutsche Bank AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=26.00/41.63
=0.62

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Deutsche Bank AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Deutsche Bank AG's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=41.195/127.7792*127.7792
=41.195

Current CPI (Mar. 2025) = 127.7792.

Deutsche Bank AG Quarterly Data

Book Value per Share CPI Adj_Book
201506 48.827 100.417 62.132
201509 44.433 100.417 56.541
201512 43.596 99.717 55.865
201603 43.267 100.017 55.277
201606 43.444 100.717 55.117
201609 43.006 101.017 54.400
201612 41.744 101.217 52.699
201703 46.963 101.417 59.171
201706 34.343 102.117 42.973
201709 34.046 102.717 42.353
201712 32.834 102.617 40.885
201803 32.254 102.917 40.046
201806 32.687 104.017 40.154
201809 32.569 104.718 39.742
201812 32.521 104.217 39.873
201903 32.760 104.217 40.166
201906 30.712 105.718 37.121
201909 30.510 106.018 36.773
201912 29.293 105.818 35.373
202003 29.861 105.718 36.093
202006 29.739 106.618 35.642
202009 29.331 105.818 35.418
202012 29.345 105.518 35.536
202103 29.643 107.518 35.229
202106 30.836 108.486 36.320
202109 30.693 109.435 35.838
202112 32.106 110.384 37.166
202203 32.407 113.968 36.334
202206 33.013 115.760 36.441
202209 33.894 118.818 36.450
202212 34.614 119.345 37.060
202303 35.171 122.402 36.716
202306 34.875 123.140 36.189
202309 35.892 124.195 36.928
202312 36.673 123.773 37.860
202403 37.517 125.038 38.339
202406 37.832 125.882 38.402
202409 38.538 126.198 39.021
202412 40.011 127.041 40.243
202503 41.195 127.779 41.195

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Deutsche Bank AG  (XTER:DBK) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Deutsche Bank AG Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Deutsche Bank AG's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Deutsche Bank AG Business Description

Industry
Address
Taunusanlage 12, Frankfurt am Main, HE, DEU, 60325
Deutsche Bank is a universal bank operating on a global scale. The bank offers corporate, retail, investment banking, private banking, and asset management to its clients.
Executives
Joerg Eigendorf Senior Group Director

Deutsche Bank AG Headlines

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