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Deutsche Börse AGXTRA:DB1 Stock Report

Market Cap €45.2b
Share Price
€242.10
€287.5
15.8% undervalued intrinsic discount
1Y-13.9%
7D-4.6%
1D
Portfolio Value
View

Deutsche Börse AG

XTRA:DB1 Stock Report

Market Cap: €45.2b

Deutsche Börse (DB1) Stock Overview

Operates as an international exchange organization in Germany, rest of Europe, the United States, and the Asia-Pacific. More details

DB1 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends5/6

DB1 Community Fair Values

Create Narrative

See what 40 others think this stock is worth. Follow their fair value or set your own to get alerts.

Deutsche Börse AG Competitors

Price History & Performance

Summary of share price highs, lows and changes for Deutsche Börse
Historical stock prices
Current Share Price€242.10
52 Week High€287.30
52 Week Low€200.10
Beta0.28
1 Month Change-7.45%
3 Month Change0.58%
1 Year Change-13.90%
3 Year Change47.89%
5 Year Change79.20%
Change since IPO1,198.12%

Recent News & Updates

Narrative Update Apr 27

DB1: Future Returns Will Balance Volatility Hedge Appeal And Clearing Revenue Dependence

Analysts have lifted the fair value estimate for Deutsche Börse from about €275 to roughly €282, citing adjustments to discount rates, slightly improved profit margin assumptions, and revised future P/E expectations as the main factors behind the higher collective price targets. Analyst Commentary Recent Street research on Deutsche Börse has skewed positive, with several upgrades and higher price targets clustered over a short period.
Narrative Update Apr 12

DB1: Future Returns Will Depend On Volatility Hedge And Clearing Revenue Potential

The analyst fair value estimate for Deutsche Börse edges up from €273.23 to €275.00, as analysts factor in slightly more supportive assumptions on discount rate, revenue trajectory and margins, along with a series of recent price target increases and upgrades that highlight its role as a volatility hedge and the potential upside in trading and clearing revenue. Analyst Commentary Bullish Takeaways Recent price target increases into the €270 to €302 range reflect bullish analysts building in more supportive assumptions on revenue and margins, which aligns with the modest uplift in the fair value estimate.
Narrative Update Mar 27

DB1: Future Upside Will Rely On Volatility Hedge And Trading Activity

The updated analyst price target for Deutsche Börse increases from about €261 to around €273, with analysts citing its role as a volatility hedge in European financials and the potential for higher trading and clearing revenue as key supports for this change. Analyst Commentary Recent research on Deutsche Börse has centered on how the stock reflects its role as a volatility hedge in European financials and the scope for trading and clearing revenue to support valuation.

Recent updates

Narrative Update Apr 27

DB1: Future Returns Will Balance Volatility Hedge Appeal And Clearing Revenue Dependence

Analysts have lifted the fair value estimate for Deutsche Börse from about €275 to roughly €282, citing adjustments to discount rates, slightly improved profit margin assumptions, and revised future P/E expectations as the main factors behind the higher collective price targets. Analyst Commentary Recent Street research on Deutsche Börse has skewed positive, with several upgrades and higher price targets clustered over a short period.
Narrative Update Apr 12

DB1: Future Returns Will Depend On Volatility Hedge And Clearing Revenue Potential

The analyst fair value estimate for Deutsche Börse edges up from €273.23 to €275.00, as analysts factor in slightly more supportive assumptions on discount rate, revenue trajectory and margins, along with a series of recent price target increases and upgrades that highlight its role as a volatility hedge and the potential upside in trading and clearing revenue. Analyst Commentary Bullish Takeaways Recent price target increases into the €270 to €302 range reflect bullish analysts building in more supportive assumptions on revenue and margins, which aligns with the modest uplift in the fair value estimate.
Narrative Update Mar 27

DB1: Future Upside Will Rely On Volatility Hedge And Trading Activity

The updated analyst price target for Deutsche Börse increases from about €261 to around €273, with analysts citing its role as a volatility hedge in European financials and the potential for higher trading and clearing revenue as key supports for this change. Analyst Commentary Recent research on Deutsche Börse has centered on how the stock reflects its role as a volatility hedge in European financials and the scope for trading and clearing revenue to support valuation.
Narrative Update Feb 23

DB1: Future Upside Will Be Driven By Mixed Price Revisions

Analysts have made a modest upward adjustment to their fair value estimate for Deutsche Börse to €260.54, reflecting mixed recent price target moves of around €2 to €6 and updated assumptions on discount rate, profit margin and future P/E. Analyst Commentary Recent street research on Deutsche Börse has been mixed, with one major bank lifting its price target while others have trimmed theirs by €6.
Narrative Update Feb 09

DB1: Future Upside Will Be Driven By Allfunds Deal Prospects

Narrative update on Deutsche Börse The analyst price target for Deutsche Börse has shifted only slightly, with a fair value move of about €0.29 to €258.00, as analysts factor in small adjustments to revenue growth, profit margin and future P/E following a mix of recent target raises and cuts across the Street. Analyst Commentary Recent Street research around Deutsche Börse has been fairly active, with several small price target changes clustered over the past few months.
Narrative Update Jan 25

DB1: Future Upside Will Be Driven By Allfunds Deal Potential

Analysts have lowered their price targets on Deutsche Börse by around €6, reflecting slightly softer expectations for revenue growth, profit margins and future P/E multiples in their updated models. Analyst Commentary Recent research updates on Deutsche Börse reflect a mixed but generally balanced view, with modest changes in price targets rather than sweeping shifts in conviction.
Narrative Update Jan 09

DB1: Future Upside Will Be Driven By Allfunds Deal And Crypto Partnership

Analysts have trimmed their fair value estimate for Deutsche Börse by about €4 to €257.71, reflecting slightly lower price targets and modestly softer assumptions for revenue growth and future P/E multiples. Analyst Commentary Recent Street research on Deutsche Börse has focused on modest price target adjustments and a steady stance on ratings, giving you a clearer sense of how valuation and execution risks are being weighed.
Narrative Update Dec 16

DB1: Future Upside Will Be Driven By Allfunds Deal Progress

Analysts have made a modest upward adjustment to their price target for Deutsche Börse to about EUR 261 from roughly EUR 261 previously. This reflects slightly improved medium term revenue expectations and a broadly stable profit outlook, despite a marginally higher discount rate and little change in projected valuation multiples.
Narrative Update Dec 02

DB1: Future Performance Will Benefit From Potential Allfunds Acquisition Progress

Analysts have slightly raised their fair value price target for Deutsche Börse from €256.47 to €260.54. They cite modest improvements in growth assumptions and a marginally lower discount rate, even though recent street research updates have shown mixed movements.
Narrative Update Nov 18

DB1: Future Revenue Streams Will Drive Robust Long-Term Performance

The analyst consensus price target for Deutsche Börse has been adjusted slightly downward from €257.60 to €256.47. This change reflects updated analyst expectations given recent minor revisions to revenue growth and risk assumptions.
Narrative Update Nov 01

DB1: Neutral Ratings And Stable Profit Outlook Will Sustain Market Confidence

Deutsche Börse's analyst price target has been revised slightly downward to €257.60 from €259.87. This change reflects analysts' assessment of modestly lower growth expectations along with a stable profit outlook.
Narrative Update Oct 18

European Integration And Regulatory Trends Will Fuel Enduring Market Stability

Narrative Update: Deutsche Börse Analyst Price Target Adjustment Analysts have slightly lowered their price target for Deutsche Börse, reducing it from approximately €267 to €260. This adjustment is attributed to softer projected revenue growth and a modestly lower fair value estimate.
Narrative Update Oct 04

European Integration And Regulatory Trends Will Fuel Enduring Market Stability

The analyst price target for Deutsche Börse has been slightly reduced in recent updates, as analysts cite modestly lowered fair value assessments and cautious expectations for revenue growth. This has resulted in a new consensus target that is only a few euros below previous forecasts.
Analysis Article Sep 01

Deutsche Börse AG's (ETR:DB1) Business Is Yet to Catch Up With Its Share Price

When close to half the companies in Germany have price-to-earnings ratios (or "P/E's") below 18x, you may consider...
User avatar
New Narrative Nov 07

Capital Markets Innovation And Critical Integration Propel Future Growth Potential

Strategic Horizon 2026 plan centers on capital markets infrastructure growth and disciplined capital allocation, supporting revenue and EPS growth through core business expansion.

Shareholder Returns

DB1DE Capital MarketsDE Market
7D-4.6%-3.2%-0.8%
1Y-13.9%3.3%2.3%

Return vs Industry: DB1 underperformed the German Capital Markets industry which returned 3.3% over the past year.

Return vs Market: DB1 underperformed the German Market which returned 2.3% over the past year.

Price Volatility

Is DB1's price volatile compared to industry and market?
DB1 volatility
DB1 Average Weekly Movement2.9%
Capital Markets Industry Average Movement4.9%
Market Average Movement6.1%
10% most volatile stocks in DE Market13.2%
10% least volatile stocks in DE Market2.7%

Stable Share Price: DB1 has not had significant price volatility in the past 3 months compared to the German market.

Volatility Over Time: DB1's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
158515,954Stephan Leithnerdeutsche-boerse.com/dbg-de/

Deutsche Börse AG operates as an international exchange organization in Germany, rest of Europe, the United States, and the Asia-Pacific. The company operates through four segments: Investment Management Solutions, Trading & Clearing, Fund Services, and Securities Services. The Investment Management Solutions segment offers financial data, analytics, and software-as-a-service solutions including research, data collection, data analysis, and the provision of indices, analytics and investment management software to institutional investors, banks, and corporate clients.

Deutsche Börse AG Fundamentals Summary

How do Deutsche Börse's earnings and revenue compare to its market cap?
DB1 fundamental statistics
Market cap€45.16b
Earnings (TTM)€2.06b
Revenue (TTM)€7.54b
21.5x
P/E Ratio
5.8x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
DB1 income statement (TTM)
Revenue€7.54b
Cost of Revenue€1.42b
Gross Profit€6.12b
Other Expenses€4.07b
Earnings€2.06b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Jul 22, 2026

Earnings per share (EPS)11.28
Gross Margin81.23%
Net Profit Margin27.26%
Debt/Equity Ratio65.4%

How did DB1 perform over the long term?

See historical performance and comparison

Dividends

1.7%
Current Dividend Yield
37%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/02 17:56
End of Day Share Price 2026/06/02 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Deutsche Börse AG is covered by 30 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jesús Domínguez AnguloBanco de Sabadell. S.A.
Joanna NaderBarclays
Michael SandersonBarclays