Deutsche Bank AG (XSWX:DBK) Intrinsic Value: Projected FCF: CHF34.39 (As of Aug. 24, 2026)

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Director of Data and Quant Analytics at GuruFocus
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XSWX:DBK Deutsche Bank AG XSWX:DBK
60 GF Score
Price CHF30.52
GF Value CHF20.72
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Deutsche Bank AG Intrinsic Value: Projected FCF?

Deutsche Bank AG XSWX:DBK 60 Intrinsic Value: Projected FCF is CHF34.39 as of Aug. 24, 2026. GuruFocus rates XSWX:DBK with a GF Score™ of 60/100 and a GF Value™ of CHF20.72 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,308 Banks companies, Deutsche Bank AG ranks worse than 78.75% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-08-24), Deutsche Bank AG's Intrinsic Value: Projected FCF is CHF34.39. The stock price of Deutsche Bank AG is CHF30.515. Therefore, Deutsche Bank AG's Price-to-Intrinsic-Value-Projected-FCF of today is 0.9.

The historical rank and industry rank for Deutsche Bank AG's Intrinsic Value: Projected FCF or its related term are showing as below:

XSWX:DBK' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.04   Med: 0.09   Max: 1.19
Current: 0.89

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Deutsche Bank AG was 1.19. The lowest was 0.04. And the median was 0.09.

XSWX:DBK's Price-to-Projected-FCF is ranked worse than
78.75% of 1308 companies
in the Banks industry
Industry Median: 0.59 vs XSWX:DBK: 0.89

Deutsche Bank AG  (XSWX:DBK) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Deutsche Bank AG's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=30.515/31.643132183357
=0.96

* 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 Intrinsic Value: Projected FCF Related Terms


Deutsche Bank AG Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Deutsche Bank AG's Intrinsic Value: Projected FCF 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.

Deutsche Bank AG Intrinsic Value: Projected FCF Chart

Deutsche Bank AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 105.24 42.19 0.00 0.00 0.00

Deutsche Bank AG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Intrinsic Value: Projected FCF 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 0.00 0.00 0.00 0.00 0.00

XSWX:DBK vs PNC, USB: Intrinsic Value: Projected FCF Comparison

For the Banks - Regional subindustry, Deutsche Bank AG's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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 Price-to-Projected-FCF vs Banks Industry

For the Banks industry and Financial Services sector, Deutsche Bank AG's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Deutsche Bank AG's Price-to-Projected-FCF falls into.


XSWX:DBK
60GF Score
Deutsche Bank AG XSWX:DBK
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Deutsche Bank AG Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Deutsche Bank AG's Free Cash Flow(6 year avg) = CHF471.18.

Deutsche Bank AG's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec25)*0.8)/Shares Outstanding (Diluted Average)
=(9.5858149152102*471.17985714286+73382.919*0.8)/1998.000
=31.64

* 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.

What does a Intrinsic Value: Projected FCF of CHF34.39 mean?
Deutsche Bank AG (XSWX:DBK) has a Intrinsic Value: Projected FCF of CHF34.39 as of Aug. 24, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Deutsche Bank AG and its competitors. According to the industry distribution chart, Deutsche Bank AG ranks #1030 out of 1308 companies in the Banks industry, placing it in the top 78.7%.
Is Deutsche Bank AG's Intrinsic Value: Projected FCF too high?
Deutsche Bank AG's current Intrinsic Value: Projected FCF is CHF34.39. Based on the distribution chart, Deutsche Bank AG ranks #1030 out of 1308 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Deutsche Bank AG has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Deutsche Bank AG's Intrinsic Value: Projected FCF compare to PNC and USB?
According to the Banks industry distribution chart, Deutsche Bank AG ranks #1030 out of 1308 companies for Intrinsic Value: Projected FCF. This places Deutsche Bank AG in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.59. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Banks company?
The median Intrinsic Value: Projected FCF among Banks companies is 0.59, based on 1,308 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Deutsche Bank AG and its competitors. For the Banks industry, the median Intrinsic Value: Projected FCF is 0.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deutsche Bank AG's current Intrinsic Value: Projected FCF is CHF34.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deutsche Bank AG stock overvalued right now?
Based on GuruFocus' analysis, Deutsche Bank AG (XSWX:DBK) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF20.72, compared to a current price of CHF30.52 — trading 47.3% above its estimated fair value. The current Intrinsic Value: Projected FCF is CHF34.39. Deutsche Bank AG's overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Deutsche Bank AG (XSWX:DBK), the current Intrinsic Value: Projected FCF is CHF34.39 as of Aug. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Deutsche Bank AG (XSWX:DBK) Overvalued in 2026?

Based on GuruFocus' analysis, Deutsche Bank AG stock appears to be overvalued. The current stock price of CHF30.52 is trading 47.3% above its estimated GF Value™ of CHF20.72. GuruFocus considers Deutsche Bank AG to be Significantly Overvalued.

Key valuation signals for XSWX:DBK:

  • Intrinsic Value: Projected FCF: CHF34.39
  • GF Value™: CHF20.72 vs. price of CHF30.52 (47.3% above fair value)
  • GF Score™: 60/100 with 5 warning signs

No single metric tells the full story. See the XSWX:DBK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Deutsche Bank AG Business Description

Address Taunusanlage 12, Frankfurt am Main, HE, DEU, 60325
Deutsche Bank is a universal bank operating on a global scale. It offers corporate, retail, investment banking, private banking, and asset management to its clients.
60GF Score

Get the complete analysis for XSWX:DBK

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF30.52
Price
CHF20.72
GF Value