GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Deutsche Bank AG (BSE:DBK) » Definitions » Cyclically Adjusted PS Ratio

Deutsche Bank AG (BSE:DBK) Cyclically Adjusted PS Ratio : 0.92 (As of May. 27, 2024)


View and export this data going back to 2012. Start your Free Trial

What is Deutsche Bank AG Cyclically Adjusted PS Ratio?

As of today (2024-05-27), Deutsche Bank AG's current share price is lei77.15. Deutsche Bank AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was lei83.61. Deutsche Bank AG's Cyclically Adjusted PS Ratio for today is 0.92.

The historical rank and industry rank for Deutsche Bank AG's Cyclically Adjusted PS Ratio or its related term are showing as below:

BSE:DBK' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.54   Max: 0.98
Current: 0.93

During the past years, Deutsche Bank AG's highest Cyclically Adjusted PS Ratio was 0.98. The lowest was 0.22. And the median was 0.54.

BSE:DBK's Cyclically Adjusted PS Ratio is ranked better than
88.32% of 1190 companies
in the Banks industry
Industry Median: 2.4 vs BSE:DBK: 0.93

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Deutsche Bank AG's adjusted revenue per share data for the three months ended in Mar. 2024 was lei18.773. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is lei83.61 for the trailing ten years ended in Mar. 2024.

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 0.87

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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=77.15/83.61
=0.92

* 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'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)
=18.773/125.0381*125.0381
=18.773

Current CPI (Mar. 2024) = 125.0381.

Deutsche Bank AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 37.088 99.543 46.587
201409 29.305 99.823 36.708
201412 27.477 99.543 34.515
201503 31.713 99.717 39.766
201506 28.882 100.417 35.964
201509 26.170 100.417 32.587
201512 13.814 99.717 17.322
201603 25.777 100.017 32.226
201606 21.062 100.717 26.148
201609 21.429 101.017 26.525
201612 22.024 101.217 27.207
201703 21.649 101.417 26.691
201706 15.681 102.117 19.201
201709 17.111 102.717 20.829
201712 13.374 102.617 16.296
201803 17.574 102.917 21.351
201806 15.811 104.017 19.006
201809 15.117 104.718 18.050
201812 13.535 104.217 16.239
201903 15.065 104.217 18.075
201906 14.995 105.718 17.735
201909 12.490 106.018 14.731
201912 12.974 105.818 15.331
202003 14.739 105.718 17.433
202006 15.163 106.618 17.783
202009 14.775 105.818 17.459
202012 12.958 105.518 15.355
202103 18.278 107.518 21.256
202106 15.856 108.486 18.275
202109 15.183 109.435 17.348
202112 14.032 110.384 15.895
202203 17.142 113.968 18.807
202206 15.039 115.760 16.244
202209 14.603 118.818 15.367
202212 13.854 119.345 14.515
202303 17.809 122.402 18.192
202306 17.386 123.140 17.654
202309 16.569 124.195 16.682
202312 21.482 123.773 21.702
202403 18.773 125.038 18.773

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  (BSE: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

Thank you for viewing the detailed overview of Deutsche Bank AG's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Deutsche Bank AG (BSE: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 (BSE:DBK) Headlines

No Headlines