Deutsche Bank AGDB -2.47%55 Return-on-Tangible-Equity is 11.91% as of Mar. 2026, which is 367% above its 10-year median of 2.55. GuruFocus rates DB with a GF Score™ of 55/100 and a GF Value™ of $21.25 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,525 Banks companies, Deutsche Bank AG ranks worse than 57.57% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Deutsche Bank AG's annualized net income for the quarter that ended in Mar. 2026 was $9,794 Mil. Deutsche Bank AG's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $82,233 Mil. Therefore, Deutsche Bank AG's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.91%.
The historical rank and industry rank for Deutsche Bank AG's Return-on-Tangible-Equity or its related term are showing as below:
DB'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -9.67 Med: 2.55 Max: 10.04
Current: 10.04
During the past 13 years, Deutsche Bank AG's highest Return-on-Tangible-Equity was 10.04%. The lowest was -9.67%. And the median was 2.55%.
DB's Return-on-Tangible-Equity is ranked worse than 57.57% of 1525
companies
in the Banks industry
Industry Median: 11.21
vs DB: 10.04
Deutsche Bank AG (NYSE:DB) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Deutsche Bank AG Return-on-Tangible-Equity Related Terms
Deutsche Bank AG Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Deutsche Bank AG's Return-on-Tangible-Equity 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.
DB vs PNC, USB: Return-on-Tangible-Equity Comparison
For the Banks - Regional subindustry, Deutsche Bank AG's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Deutsche Bank AG's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Deutsche Bank AG's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 11.91% mean?
Deutsche Bank AG (DB) has a Return-on-Tangible-Equity of 11.91% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Deutsche Bank AG and its competitors. This is 367% above median its historical median of 2.55. According to the industry distribution chart, Deutsche Bank AG ranks #878 out of 1525 companies in the Banks industry, placing it in the top 57.6%.
Is Deutsche Bank AG's Return-on-Tangible-Equity too high?
Deutsche Bank AG's current Return-on-Tangible-Equity of 11.91% is 367% above median its 10-year median of 2.55. The Banks industry median Return-on-Tangible-Equity is 11.21. Deutsche Bank AG's value of 11.91% is 6.2% above this industry median. Based on the distribution chart, Deutsche Bank AG ranks #878 out of 1525 companies in the Banks industry, which is below the industry midpoint. Overall, Deutsche Bank AG has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Deutsche Bank AG's Return-on-Tangible-Equity compare to PNC and USB?
According to the Banks industry distribution chart, Deutsche Bank AG ranks #878 out of 1525 companies for Return-on-Tangible-Equity. This places Deutsche Bank AG in the lower half of its industry. The industry median Return-on-Tangible-Equity is 11.21. Deutsche Bank AG's value of 11.91% is 6.2% above this benchmark. While the company's 10-year median is 2.55 vs. the industry median of 11.21, Deutsche Bank AG has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Banks company?
The median Return-on-Tangible-Equity among Banks companies is 11.21, based on 1,525 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Deutsche Bank AG's current Return-on-Tangible-Equity of 11.91% is 6.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Deutsche Bank AG and its competitors. For the Banks industry, the median Return-on-Tangible-Equity is 11.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deutsche Bank AG's current Return-on-Tangible-Equity is 11.91%, which is 367% above median its own 10-year median of 2.55. 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 (DB) is currently considered Significantly Overvalued. The stock's GF Value™ is $21.25, compared to a current price of $33.53 — trading 57.8% above its estimated fair value. The current Return-on-Tangible-Equity is 11.91%, which is 367% above median its 10-year median of 2.55 and 6.2% above the Banks industry median of 11.21. Deutsche Bank AG's overall GF Score™ is 55/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Deutsche Bank AG (DB), the current Return-on-Tangible-Equity is 11.91% as of Mar. 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 (DB) Overvalued in 2026?
Based on GuruFocus' analysis, Deutsche Bank AG stock appears to be overvalued.
The current stock price of $33.53 is trading 57.8% above its estimated GF Value™ of $21.25.
GuruFocus considers Deutsche Bank AG to be Significantly Overvalued.
Key valuation signals for DB:
Return-on-Tangible-Equity: 11.91% (367% above median its 10-year median of 2.55)
GF Value™: $21.25 vs. price of $33.53 (57.8% above fair value)
Industry Position: 6.2% above the Banks median (#878 of 1525)
No single metric tells the full story. See the DB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
55GF Score
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