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Deutsche Bank AG (Deutsche Bank AG) Cyclically Adjusted PS Ratio : (As of Apr. 27, 2024)


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What is Deutsche Bank AG Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Deutsche Bank AG Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Deutsche Bank AG's Cyclically Adjusted PS 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 PS Ratio Chart

Deutsche Bank AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.30 0.44 0.58 0.58 0.72

Deutsche Bank AG Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PS 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 0.52 0.54 0.60 0.72 -

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

For the Banks - Regional subindustry, Deutsche Bank AG's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio Distribution in the Banks Industry

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

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



Deutsche Bank AG Cyclically Adjusted PS Ratio Calculation

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

Deutsche Bank AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Deutsche Bank AG's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=4.105/123.6675*123.6675
=4.105

Current CPI (Mar. 2024) = 123.6675.

Deutsche Bank AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 8.109 99.543 10.074
201409 6.408 99.823 7.939
201412 6.008 99.543 7.464
201503 6.934 99.717 8.599
201506 6.315 100.417 7.777
201509 5.722 100.417 7.047
201512 3.021 99.717 3.747
201603 5.636 100.017 6.969
201606 4.605 100.717 5.654
201609 4.685 101.017 5.736
201612 4.816 101.217 5.884
201703 4.734 101.417 5.773
201706 3.429 102.117 4.153
201709 3.741 102.717 4.504
201712 2.924 102.617 3.524
201803 3.842 102.917 4.617
201806 3.457 104.017 4.110
201809 3.305 104.718 3.903
201812 2.959 104.217 3.511
201903 3.294 104.217 3.909
201906 3.279 105.718 3.836
201909 2.731 106.018 3.186
201912 2.837 105.818 3.316
202003 3.223 105.718 3.770
202006 3.315 106.618 3.845
202009 3.231 105.818 3.776
202012 2.833 105.518 3.320
202103 3.996 107.518 4.596
202106 3.467 108.486 3.952
202109 3.320 109.435 3.752
202112 3.068 110.384 3.437
202203 3.748 113.968 4.067
202206 3.288 115.760 3.513
202209 3.193 118.818 3.323
202212 3.029 119.345 3.139
202303 3.894 122.402 3.934
202306 3.802 123.140 3.818
202309 3.623 124.195 3.608
202312 4.697 123.668 4.697
202403 4.105 123.668 4.105

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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  (NYSE:DB) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Deutsche Bank AG Cyclically Adjusted PS Ratio Related Terms

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Deutsche Bank AG (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
Mayree Clark Supervisory Board