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 Boerse AG's annualized net income for the quarter that ended in Mar. 2026 was CHF2,130 Mil. Deutsche Boerse AG's average shareholder tangible equity for the quarter that ended in Mar. 2026 was CHF-1,325 Mil. Therefore, Deutsche Boerse AG's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was Negative Tangible Equity%.
The historical rank and industry rank for Deutsche Boerse AG's Return-on-Tangible-Equity or its related term are showing as below:
XSWX:DB1'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 119.41 Med: 143.4 Max: 184.28
Current: Negative Tangible Equity
During the past 13 years, Deutsche Boerse AG's highest Return-on-Tangible-Equity was 184.28%. The lowest was 119.41%. And the median was 143.40%.
XSWX:DB1's Return-on-Tangible-Equity is ranked better than 99.87% of 783
companies
in the Capital Markets industry
Industry Median: 6.45
vs XSWX:DB1: Negative Tangible Equity
Deutsche Boerse AG (XSWX:DB1) 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 Boerse AG Return-on-Tangible-Equity Related Terms
Deutsche Boerse AG Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Deutsche Boerse 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.
Deutsche Boerse AG Return-on-Tangible-Equity Chart
XSWX:DB1 vs SPGI, CME, MCO: Return-on-Tangible-Equity Comparison
For the Financial Data & Stock Exchanges subindustry, Deutsche Boerse 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 Boerse AG Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Deutsche Boerse AG's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Deutsche Boerse 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 Negative Tangible Equity% mean?
Deutsche Boerse AG (XSWX:DB1) has a Return-on-Tangible-Equity of Negative Tangible Equity% 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 Boerse AG and its competitors. Over the past decade, Deutsche Boerse AG's Return-on-Tangible-Equity has ranged from 119.41 to 184.28. According to the industry distribution chart, Deutsche Boerse AG ranks #1 out of 783 companies in the Capital Markets industry, placing it in the top 0.099999999999994%.
Is Deutsche Boerse AG's Return-on-Tangible-Equity too high?
Deutsche Boerse AG's current Return-on-Tangible-Equity is Negative Tangible Equity%. Over the past 10 years, this metric has ranged from a low of 119.41 to a high of 184.28. Based on the distribution chart, Deutsche Boerse AG ranks #1 out of 783 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Deutsche Boerse AG has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Deutsche Boerse AG's Return-on-Tangible-Equity compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Deutsche Boerse AG ranks #1 out of 783 companies for Return-on-Tangible-Equity. This places Deutsche Boerse AG in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.45. Historically, Deutsche Boerse AG's own Return-on-Tangible-Equity has ranged from 119.41 to 184.28 over the past decade. 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 Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.45, based on 783 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. 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 Boerse AG and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deutsche Boerse AG's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deutsche Boerse AG stock overvalued right now?
Deutsche Boerse AG (XSWX:DB1) has a current Return-on-Tangible-Equity of Negative Tangible Equity%. The stock's GF Value™ is CHF217.37, compared to a current price of CHF224.60 — trading 3.3% above its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Deutsche Boerse AG's overall GF Score™ is 86/100 with 3 warning signs 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 Boerse AG (XSWX:DB1), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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 Boerse AG (XSWX:DB1) Overvalued in 2026?
Based on GuruFocus' analysis, Deutsche Boerse AG stock appears to be overvalued.
The current stock price of CHF224.60 is trading 3.3% above its estimated GF Value™ of CHF217.37.
No single metric tells the full story. See the XSWX:DB1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Deutsche Börse is a financial exchange company headquartered in Frankfurt, Germany. The company primarily generates revenue through its Eurex and Clearstream segments. Eurex allows for the trading and clearing of derivatives. Clearstream offers custody and settlement services for domestic and international securities, as well as collateral management services. Other segments are Xetra, which generates revenue through trading and clearing cash equities, STOXX (an index business), and several others.
86GF Score
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