Deutsche Pfandbriefbank AG

XTRA:PBB Stock Report

Market Cap: €613.2m

Deutsche Pfandbriefbank Valuation

Is PBB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of PBB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

€0.22
Fair Value
2.0k% overvalued intrinsic discount
4
Number of Analysts

Below Fair Value: Insufficient data to calculate PBB's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate PBB's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PBB?

Key metric: As PBB is an unprofitable bank we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for PBB. This is calculated by dividing PBB's market cap by their current book value.
What is PBB's PB Ratio?
PB Ratio0.2x
Book€3.14b
Market Cap€613.21m

Price to Book Ratio vs Peers

How does PBB's PB Ratio compare to its peers?

The above table shows the PB ratio for PBB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average1.2x
GLJ Grenke
0.5x36.32%€660.0m
HYQ Hypoport
2.4x40.75%€866.3m
DBAN Deutsche Beteiligungs
0.7x97.45%€420.5m
VVV3 Ökoworld
1.2x-9.72%€174.6m
PBB Deutsche Pfandbriefbank
0.2x97.23%€613.2m

Price-To-Book vs Peers: PBB is good value based on its Price-To-Book Ratio (0.2x) compared to the peer average (1.2x).

Price to Book Ratio vs Industry

How does PBB's PB Ratio compare vs other companies in the DE Diversified Financial Industry?

2 CompaniesPrice / BookEstimated GrowthMarket Cap
Industry Avg.1.0x58.5%
PBB Deutsche Pfandbriefbank
 0.2x97.23%US$706.87m
ENG EV Digital Invest
0.1xn/aUS$336.91k
No more companies available in this PB range
PBB 0.2xIndustry Avg. 1.0xNo. of Companies3PB01.22.43.64.86+
2 CompaniesEstimated GrowthMarket Cap
Industry Avg.1.0x58.5%
PBB Deutsche Pfandbriefbank
 0.2x97.23%US$706.87m
No more companies

Price-To-Book vs Industry: PBB is good value based on its Price-To-Book Ratio (0.2x) compared to the European Diversified Financial industry average (1x).

Price to Book Ratio vs Fair Ratio

What is PBB's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PBB PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.2x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate PBB's Price-To-Book Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst PBB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€4.56
€5.98
+31.03%
13.51%€7.20€5.00n/a4
Oct ’26€5.05
€6.50
+28.84%
16.25%€8.30€5.60n/a4
Sep ’26€5.27
€6.50
+23.46%
16.25%€8.30€5.60n/a4
Aug ’26€5.28
€6.65
+25.95%
14.36%€8.30€6.00n/a4
Jul ’26€5.24
€6.65
+26.91%
14.36%€8.30€6.00n/a4
Jun ’26€5.76
€6.75
+17.29%
16.71%€8.70€6.00n/a4
May ’26€5.40
€6.78
+25.56%
15.42%€8.70€6.00n/a5
Apr ’26€5.49
€6.86
+24.95%
15.77%€8.70€6.00n/a5
Mar ’26€5.51
€6.74
+22.32%
21.12%€9.10€5.00n/a5
Feb ’26€5.48
€6.50
+18.61%
23.05%€8.90€5.00n/a5
Jan ’26€4.79
€6.50
+35.76%
23.05%€8.90€5.00n/a5
Dec ’25€5.05
€6.64
+31.62%
24.30%€8.90€5.00n/a5
Nov ’25€5.17
€6.54
+26.50%
25.54%€8.90€5.00€4.565
Oct ’25€5.90
€6.38
+8.23%
22.92%€8.20€5.00€5.055
Sep ’25€5.02
€6.36
+26.82%
23.16%€8.20€5.00€5.275
Aug ’25€5.09
€6.36
+24.95%
23.16%€8.20€5.00€5.285
Jul ’25€5.16
€6.03
+17.04%
24.71%€8.20€4.50€5.246
Jun ’25€5.73
€5.92
+3.26%
22.58%€8.00€4.50€5.766
May ’25€4.45
€5.47
+22.79%
30.97%€8.00€3.60€5.406
Apr ’25€4.94
€5.62
+13.61%
34.42%€8.90€3.60€5.496
Mar ’25€3.82
€6.68
+74.77%
32.06%€9.40€3.70€5.516
Feb ’25€5.46
€7.60
+39.32%
22.88%€9.40€4.70€5.486
Jan ’25€6.20
€7.68
+24.02%
23.85%€9.90€4.70€4.796
Dec ’24€5.68
€8.02
+41.14%
26.58%€10.50€4.70€5.056
Nov ’24€6.36
€8.72
+37.16%
20.91%€10.50€5.10€5.176
€5.98
Fair Value
23.7% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/02 23:08
End of Day Share Price 2025/10/31 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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 Pfandbriefbank AG is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Adam BarrassBerenberg
Borja Ramirez SeguraCitigroup Inc
Marlene EibensteinerDeutsche Bank