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Deutsche Bank AG (HAM:DBK) 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)
=3.776/123.6675*123.6675
=3.776

Current CPI (Mar. 2024) = 123.6675.

Deutsche Bank AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 5.968 99.543 7.414
201409 4.972 99.823 6.160
201412 4.872 99.543 6.053
201503 6.407 99.717 7.946
201506 5.627 100.417 6.930
201509 5.098 100.417 6.278
201512 2.773 99.717 3.439
201603 5.061 100.017 6.258
201606 4.099 100.717 5.033
201609 4.175 101.017 5.111
201612 4.565 101.217 5.578
201703 4.426 101.417 5.397
201706 3.052 102.117 3.696
201709 3.139 102.717 3.779
201712 2.471 102.617 2.978
201803 3.116 102.917 3.744
201806 2.959 104.017 3.518
201809 2.833 104.718 3.346
201812 2.601 104.217 3.086
201903 2.915 104.217 3.459
201906 2.902 105.718 3.395
201909 2.480 106.018 2.893
201912 2.553 105.818 2.984
202003 2.917 105.718 3.412
202006 2.944 106.618 3.415
202009 2.743 105.818 3.206
202012 2.329 105.518 2.730
202103 3.357 107.518 3.861
202106 2.877 108.486 3.280
202109 2.822 109.435 3.189
202112 2.715 110.384 3.042
202203 3.403 113.968 3.693
202206 3.111 115.760 3.323
202209 3.225 118.818 3.357
202212 2.860 119.345 2.964
202303 3.637 122.402 3.675
202306 3.509 123.140 3.524
202309 3.395 124.195 3.381
202312 4.307 123.668 4.307
202403 3.776 123.668 3.776

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  (HAM:DBK) 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 (HAM:DBK) 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.

Deutsche Bank AG (HAM:DBK) Headlines

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