(CBK) Commerzbank - Overview

Sector: Financial Services | Industry: Banks - Regional | Exchange: XETRA (Germany) | Market Cap: 39.409m EUR | Total Return: 40.4% in 12m

Retail Banking, Corporate Finance, Asset Management, Securities Trading
Total Rating 51
Safety 47
Buy Signal -0.34
Banks - Regional
Industry Rotation: +1.2
Market Cap: 45.8B
Avg Turnover: 95.2M
Risk 3d forecast
Volatility31.4%
VaR 5th Pctl5.38%
VaR vs Median3.88%
Reward TTM
Sharpe Ratio1.00
Rel. Str. IBD62.4
Rel. Str. Peer Group64.2
Character TTM
Beta0.490
Beta Downside0.279
Hurst Exponent0.358
Drawdowns 3y
Max DD21.91%
CAGR/Max DD2.69
CAGR/Mean DD8.53
EPS (Earnings per Share) EPS (Earnings per Share) of CBK over the last years for every Quarter: "2021-03": 0.49, "2021-06": -0.11, "2021-09": 0.39, "2021-12": 0.35, "2022-03": 0.21, "2022-06": 0.23, "2022-09": 0.16, "2022-12": 0.41, "2023-03": 0.46, "2023-06": 0.3, "2023-09": 0.56, "2023-12": 0.32, "2024-03": 0.62, "2024-06": 0.29, "2024-09": 0.54, "2024-12": 0.63, "2025-03": 0.76, "2025-06": 0.35, "2025-09": 0.53, "2025-12": 1.13, "2026-03": 0.85,
EPS CAGR: 26.70%
EPS Trend: 95.9%
Last SUE: 0.41
Qual. Beats: 0
Revenue Revenue of CBK over the last years for every Quarter: 2021-03: 3094, 2021-06: 2859, 2021-09: 2641, 2021-12: 3435, 2022-03: 3378, 2022-06: 3284, 2022-09: 3015, 2022-12: 4583, 2023-03: 4511, 2023-06: 5592, 2023-09: 4768, 2023-12: 6836, 2024-03: 5946, 2024-06: 6739, 2024-09: 5411, 2024-12: 7150, 2025-03: 5871, 2025-06: 6269, 2025-09: 5281, 2025-12: 3062, 2026-03: 6049,
Rev. CAGR: 4.98%
Rev. Trend: 36.9%
Last SUE: 0.64
Qual. Beats: 0

Warnings

Choppy

Tailwinds

No distinct edge detected

Description: CBK Commerzbank

Commerzbank AG is a major German financial institution headquartered in Frankfurt am Main, operating primarily through its Private and Small-Business Customers and Corporate Clients segments. Founded in 1870, the bank provides a comprehensive suite of services including retail banking, asset management, real estate financing, and investment banking across Europe, the Americas, and Asia.

As a key player in the German Mittelstand economy, the bank specializes in trade finance and corporate advisory for small-to-medium enterprises. The regional banking sector in Germany is characterized by a three-pillar structure consisting of private commercial banks, public-sector savings banks, and cooperative banks, which creates a highly competitive environment for deposit margins and lending.

For a deeper dive into the companys valuation metrics and financial health, consider checking the latest data on ValueRay.

Headlines to Watch Out For
  • European Central Bank interest rate shifts dictate net interest margin performance
  • German industrial output trends impact corporate loan demand and credit quality
  • Operational efficiency targets and headcount reductions determine bottom line profitability
  • Potential merger activity and government stake divestment drive share price volatility
  • Asset quality in commercial real estate portfolio influences loan loss provisioning levels
Piotroski VR-10 (Strict) 3.5
Net Income: 2.70b TTM > 0 and > 6% of Revenue
FCF/TA: 0.00 > 0.02 and ΔFCF/TA -0.03 > 1.0
NWC/Revenue: 316.9% < 20% (prev 357.2%; Δ -40.38% < -1%)
CFO/TA 0.09 > 3% & CFO 51.8b > Net Income 2.70b
Net Debt (37.0b) to EBITDA (8.79b): 4.21 < 3
Current Ratio: error (cannot be calculated; needs correct Total Current Assets and Liabilities)
Outstanding Shares: last quarter (1.13b) vs 12m ago -1.31% < -2%
Gross Margin: 58.67% > 18% (prev 0.50%; Δ 5.82k% > 0.5%)
Asset Turnover: 3.51% > 50% (prev 4.39%; Δ -0.88% > 0%)
Interest Coverage Ratio: 0.50 > 6 (EBITDA TTM 8.79b / Interest Expense TTM 8.19b)
Altman Z'' 0.92
A: 0.11 (Total Current Assets 65.5b - Total Current Liabilities 0.0) / Total Assets 603b
B: 0.03 (Retained Earnings 19.7b / Total Assets 603b)
C: 0.01 (EBIT TTM 4.12b / Avg Total Assets 588b)
D: 0.05 (Book Value of Equity 30.6b / Total Liabilities 571b)
Altman-Z'' = 0.92 = BB
What is the price of CBK shares?

As of May 23, 2026, the stock is trading at EUR 35.87 with a total of 2,367,591 shares traded.
Over the past week, the price has changed by +2.49%, over one month by +7.37%, over three months by +8.65% and over the past year by +40.39%.

Is CBK a buy, sell or hold?

Commerzbank has no consensus analysts rating.

Commerzbank (CBK) - Fundamental Data Overview as of 20 May 2026
Market Cap USD = 45.8b (39.4b EUR * 1.1625 EUR.USD)
P/E Trailing = 15.0377
P/E Forward = 12.0919
P/S = 3.3982
P/B = 1.1334
P/EG = 1.0156
Revenue TTM = 20.7b EUR
EBIT TTM = 4.12b EUR
EBITDA TTM = 8.79b EUR
Long Term Debt = 71.1b EUR (from longTermDebt, last fiscal year)
 Short Term Debt = unknown (none)
 Debt = 71.1b EUR (corrected: LT Debt 71.1b + ST Debt none)
Net Debt = 37.0b EUR (calculated: Debt 71.1b - CCE 34.1b)
Enterprise Value = 76.4b EUR (39.4b + Debt 71.1b - CCE 34.1b)
Interest Coverage Ratio = 0.50 (Ebit TTM 4.12b / Interest Expense TTM 8.19b)
EV/FCF = 29.13x (Enterprise Value 76.4b / FCF TTM 2.62b)
FCF Yield = 3.43% (FCF TTM 2.62b / Enterprise Value 76.4b)
FCF Margin = 12.70% (FCF TTM 2.62b / Revenue TTM 20.7b)
Net Margin = 13.09% (Net Income TTM 2.70b / Revenue TTM 20.7b)
Gross Margin = 58.67% ((Revenue TTM 20.7b - Cost of Revenue TTM 8.54b) / Revenue TTM)
Gross Margin QoQ = 54.74% (prev 93.24%)
Tobins Q-Ratio = 0.13 (Enterprise Value 76.4b / Total Assets 603b)
Interest Expense / Debt = 11.52% (Interest Expense 8.19b / Debt 71.1b)
Taxrate = 27.49% (373.0m / 1.36b)
NOPAT = 2.99b (EBIT 4.12b * (1 - 27.49%))
Current Ratio = 0.16 (Total Current Assets 65.5b / Total Current Liabilities 399b)
Debt / Equity = 2.33 (Debt 71.1b / totalStockholderEquity, last quarter 30.6b)
Debt / EBITDA = 4.21 (Net Debt 37.0b / EBITDA 8.79b)
Debt / FCF = 14.11 (Net Debt 37.0b / FCF TTM 2.62b)
Total Stockholder Equity = 32.1b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.46% (Net Income 2.70b / Total Assets 603b)
RoE = 8.41% (Net Income TTM 2.70b / Total Stockholder Equity 32.1b)
RoCE = 3.99% (EBIT 4.12b / Capital Employed (Equity 32.1b + L.T.Debt 71.1b))
RoIC = 0.72% (EBIT 4.12b / (Assets 603b - Curr.Liab 0.0 - Cash 34.1b))
WACC = 8.12% (E(39.4b)/V(111b) * Re(7.71%) + D(71.1b)/V(111b) * Rd(11.52%) * (1-Tc(0.27)))
Discount Rate = 7.71% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -94.39 | Cagr: -4.15%
[DCF] Terminal Value 75.17% ; FCFF base≈2.64b ; Y1≈2.61b ; Y5≈2.68b
[DCF] Fair Price = 4.36 (EV 41.8b - Net Debt 37.0b = Equity 4.78b / Shares 1.10b; r=8.35% [WACC [floored]]; 5y FCF grow -1.94% → 2.50% )
EPS Correlation: 95.86 | EPS CAGR: 26.70% | SUE: 0.41 | # QB: 0
Revenue Correlation: 36.87 | Revenue CAGR: 4.98% | SUE: 0.64 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.77 | Chg30d=+0.56% | Revisions=+20% | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.80 | Chg30d=+2.19% | Revisions=-20% | Analysts=4
EPS current Year (2026-12-31): EPS=3.06 | Chg30d=+0.97% | Revisions=+8% | GrowthEPS=+10.6% | GrowthRev=+8.9%
EPS next Year (2027-12-31): EPS=3.75 | Chg30d=+1.88% | Revisions=+54% | GrowthEPS=+22.6% | GrowthRev=+7.0%
[Analyst] Revisions Ratio: +54%