(DB1) Deutsche Börse - Overview
Exchange: XETRA •
Country: Germany •
Currency: EUR •
Type: Common Stock •
ISIN: DE0005810055
Stock:
Total Rating 34
Risk 69
Buy Signal 0.70
| Risk 5d forecast | |
|---|---|
| Volatility | 22.5% |
| Relative Tail Risk | 0.86% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.41 |
| Alpha | -15.95 |
| Character TTM | |
|---|---|
| Beta | 0.209 |
| Beta Downside | 0.117 |
| Drawdowns 3y | |
|---|---|
| Max DD | 29.61% |
| CAGR/Max DD | 0.45 |
EPS (Earnings per Share)
Revenue
Description: DB1 Deutsche Börse
Deutsche Börse AG operates as an international exchange organization in Germany, rest of Europe, the United States, and the Asia-Pacific. It operates through four segments: Investment Management Solutions; Trading & Clearing; Fund Services; and Securities Services. The company offers investment management solutions that include indices and research, such as ISS solutions, STOXX and DAX indices, index licensing, customized indices, and index calculation services; software and analytics services; pre-IPO and listing, including market structure, growth financing, going and being public, private market, and statistics/circulars; and cash, spot, and derivatives market and foreign exchange services, as well as real time market data, analytics, historical market data, and reference data. It also operates in the cash market through Xetra, Börse Frankfurt, and Tradegate trading venues; and offers Eurex and European commodity clearing services. In addition, the company offers securities services, including issuance of securities, settlement, and asset services; clearstream fund centre, which provides fund processing services; and Kneip that provides fund data management and reporting solutions for the asset management industry. Further, it engages in the operation of third clearing house Nodal Clear; and specialized software as a service platform for trading participants; and API platform, as well as provision of information technology solutions, including financial market, commodities market, and network connectivity solutions under the Deutsche Börse and 7 Market Technology brands. The company was founded in 1585 and is headquartered in Frankfurt am Main, Germany.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income: 1.99b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.22 > 1.0 |
| NWC/Revenue: 37.74% < 20% (prev 45.77%; Δ -8.03% < -1%) |
| CFO/TA 0.01 > 3% & CFO 3.74b > Net Income 1.99b |
| Net Debt (3.75b) to EBITDA (1.83b): 2.05 < 3 |
| Current Ratio: 1.01 > 1.5 & < 3 |
| Outstanding Shares: last quarter (183.8m) vs 12m ago 0.04% < -2% |
| Gross Margin: 66.26% > 18% (prev 0.64%; Δ 6562 % > 0.5%) |
| Asset Turnover: 2.29% > 50% (prev 2.90%; Δ -0.61% > 0%) |
| Interest Coverage Ratio: 22.25 > 6 (EBITDA TTM 1.83b / Interest Expense TTM 70.9m) |
Altman Z'' 0.21
| A: 0.01 (Total Current Assets 317.90b - Total Current Liabilities 315.11b) / Total Assets 343.07b |
| B: 0.03 (Retained Earnings 9.21b / Total Assets 343.07b) |
| C: 0.00 (EBIT TTM 1.58b / Avg Total Assets 322.20b) |
| D: 0.03 (Book Value of Equity 10.77b / Total Liabilities 332.31b) |
| Altman-Z'' Score: 0.21 = B |
Beneish M
| DSRI: none (Receivables none/19.88b, Revenue 7.39b/8.75b) |
| GMI: 0.97 (GM 66.26% / 64.06%) |
| AQI: 0.86 (AQ_t 0.07 / AQ_t-1 0.08) |
| SGI: 0.84 (Revenue 7.39b / 8.75b) |
| TATA: -0.01 (NI 1.99b - CFO 3.74b) / TA 343.07b) |
| Beneish M-Score: cannot calculate (missing components) |
What is the price of DB1 shares?
As of February 27, 2026, the stock is trading at EUR 226.50 with a total of 361,450 shares traded.
Over the past week, the price has changed by +4.67%, over one month by +6.34%, over three months by +2.26% and over the past year by -8.82%.
Over the past week, the price has changed by +4.67%, over one month by +6.34%, over three months by +2.26% and over the past year by -8.82%.
Is DB1 a buy, sell or hold?
Deutsche Börse has no consensus analysts rating.
What are the forecasts/targets for the DB1 price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 260.5 | 15% |
| Analysts Target Price | - | - |
DB1 Fundamental Data Overview February 22, 2026
Market Cap USD = 47.69b (40.30b EUR * 1.1832 EUR.USD)
P/E Trailing = 20.1558
P/E Forward = 18.2815
P/S = 5.461
P/B = 3.3342
P/EG = 2.8691
Revenue TTM = 7.39b EUR
EBIT TTM = 1.58b EUR
EBITDA TTM = 1.83b EUR
Long Term Debt = 6.15b EUR (from longTermDebt, last quarter)
Short Term Debt = 27.44b EUR (from shortTermDebt, last quarter)
Debt = 5.53b EUR (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 3.75b EUR (from netDebt column, last fiscal year)
Enterprise Value = 44.05b EUR (40.30b + Debt 5.53b - CCE 1.78b)
Interest Coverage Ratio = 22.25 (Ebit TTM 1.58b / Interest Expense TTM 70.9m)
EV/FCF = 21.49x (Enterprise Value 44.05b / FCF TTM 2.05b)
FCF Yield = 4.65% (FCF TTM 2.05b / Enterprise Value 44.05b)
FCF Margin = 27.73% (FCF TTM 2.05b / Revenue TTM 7.39b)
Net Margin = 26.98% (Net Income TTM 1.99b / Revenue TTM 7.39b)
Gross Margin = 66.26% ((Revenue TTM 7.39b - Cost of Revenue TTM 2.49b) / Revenue TTM)
Gross Margin QoQ = 81.01% (prev 80.81%)
Tobins Q-Ratio = 0.13 (Enterprise Value 44.05b / Total Assets 343.07b)
Interest Expense / Debt = -0.04% (Interest Expense -2.00m / Debt 5.53b)
Taxrate = 26.81% (189.0m / 705.0m)
NOPAT = 1.15b (EBIT 1.58b * (1 - 26.81%))
Current Ratio = 1.01 (Total Current Assets 317.90b / Total Current Liabilities 315.11b)
Debt / Equity = 0.51 (Debt 5.53b / totalStockholderEquity, last quarter 10.77b)
Debt / EBITDA = 2.05 (Net Debt 3.75b / EBITDA 1.83b)
Debt / FCF = 1.83 (Net Debt 3.75b / FCF TTM 2.05b)
Total Stockholder Equity = 10.81b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.62% (Net Income 1.99b / Total Assets 343.07b)
RoE = 18.45% (Net Income TTM 1.99b / Total Stockholder Equity 10.81b)
RoCE = 9.30% (EBIT 1.58b / Capital Employed (Equity 10.81b + L.T.Debt 6.15b))
RoIC = 8.34% (NOPAT 1.15b / Invested Capital 13.83b)
WACC = 5.88% (E(40.30b)/V(45.83b) * Re(6.69%) + D(5.53b)/V(45.83b) * Rd(-0.04%) * (1-Tc(0.27)))
Discount Rate = 6.69% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -0.38%
[DCF] Terminal Value 86.31% ; FCFF base≈2.22b ; Y1≈2.21b ; Y5≈2.33b
[DCF] Fair Price = 359.4 (EV 69.63b - Net Debt 3.75b = Equity 65.88b / Shares 183.3m; r=5.90% [WACC]; 5y FCF grow -0.83% → 2.90% )
EPS Correlation: 72.10 | EPS CAGR: 2.99% | SUE: -0.10 | # QB: 0
Revenue Correlation: 53.17 | Revenue CAGR: 12.53% | SUE: 2.20 | # QB: 1
EPS current Year (2026-12-31): EPS=11.81 | Chg7d=+0.079 | Chg30d=+0.164 | Revisions Net=+4 | Growth EPS=+8.4% | Growth Revenue=+4.7%
EPS next Year (2027-12-31): EPS=12.71 | Chg7d=+0.046 | Chg30d=+0.163 | Revisions Net=+2 | Growth EPS=+7.6% | Growth Revenue=+4.9%
[Analyst] Revisions Ratio: +1.00 (4 Up / 0 Down within 30d for Current Year)
[Growth] Implied Growth Rate = 3.0% (Discount Rate 7.9% - Earnings Yield 5.0%)
[Growth] Growth Spread = +1.9% (Analyst 4.9% - Implied 3.0%)
P/E Trailing = 20.1558
P/E Forward = 18.2815
P/S = 5.461
P/B = 3.3342
P/EG = 2.8691
Revenue TTM = 7.39b EUR
EBIT TTM = 1.58b EUR
EBITDA TTM = 1.83b EUR
Long Term Debt = 6.15b EUR (from longTermDebt, last quarter)
Short Term Debt = 27.44b EUR (from shortTermDebt, last quarter)
Debt = 5.53b EUR (from shortLongTermDebtTotal, last fiscal year)
Net Debt = 3.75b EUR (from netDebt column, last fiscal year)
Enterprise Value = 44.05b EUR (40.30b + Debt 5.53b - CCE 1.78b)
Interest Coverage Ratio = 22.25 (Ebit TTM 1.58b / Interest Expense TTM 70.9m)
EV/FCF = 21.49x (Enterprise Value 44.05b / FCF TTM 2.05b)
FCF Yield = 4.65% (FCF TTM 2.05b / Enterprise Value 44.05b)
FCF Margin = 27.73% (FCF TTM 2.05b / Revenue TTM 7.39b)
Net Margin = 26.98% (Net Income TTM 1.99b / Revenue TTM 7.39b)
Gross Margin = 66.26% ((Revenue TTM 7.39b - Cost of Revenue TTM 2.49b) / Revenue TTM)
Gross Margin QoQ = 81.01% (prev 80.81%)
Tobins Q-Ratio = 0.13 (Enterprise Value 44.05b / Total Assets 343.07b)
Interest Expense / Debt = -0.04% (Interest Expense -2.00m / Debt 5.53b)
Taxrate = 26.81% (189.0m / 705.0m)
NOPAT = 1.15b (EBIT 1.58b * (1 - 26.81%))
Current Ratio = 1.01 (Total Current Assets 317.90b / Total Current Liabilities 315.11b)
Debt / Equity = 0.51 (Debt 5.53b / totalStockholderEquity, last quarter 10.77b)
Debt / EBITDA = 2.05 (Net Debt 3.75b / EBITDA 1.83b)
Debt / FCF = 1.83 (Net Debt 3.75b / FCF TTM 2.05b)
Total Stockholder Equity = 10.81b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.62% (Net Income 1.99b / Total Assets 343.07b)
RoE = 18.45% (Net Income TTM 1.99b / Total Stockholder Equity 10.81b)
RoCE = 9.30% (EBIT 1.58b / Capital Employed (Equity 10.81b + L.T.Debt 6.15b))
RoIC = 8.34% (NOPAT 1.15b / Invested Capital 13.83b)
WACC = 5.88% (E(40.30b)/V(45.83b) * Re(6.69%) + D(5.53b)/V(45.83b) * Rd(-0.04%) * (1-Tc(0.27)))
Discount Rate = 6.69% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -0.38%
[DCF] Terminal Value 86.31% ; FCFF base≈2.22b ; Y1≈2.21b ; Y5≈2.33b
[DCF] Fair Price = 359.4 (EV 69.63b - Net Debt 3.75b = Equity 65.88b / Shares 183.3m; r=5.90% [WACC]; 5y FCF grow -0.83% → 2.90% )
EPS Correlation: 72.10 | EPS CAGR: 2.99% | SUE: -0.10 | # QB: 0
Revenue Correlation: 53.17 | Revenue CAGR: 12.53% | SUE: 2.20 | # QB: 1
EPS current Year (2026-12-31): EPS=11.81 | Chg7d=+0.079 | Chg30d=+0.164 | Revisions Net=+4 | Growth EPS=+8.4% | Growth Revenue=+4.7%
EPS next Year (2027-12-31): EPS=12.71 | Chg7d=+0.046 | Chg30d=+0.163 | Revisions Net=+2 | Growth EPS=+7.6% | Growth Revenue=+4.9%
[Analyst] Revisions Ratio: +1.00 (4 Up / 0 Down within 30d for Current Year)
[Growth] Implied Growth Rate = 3.0% (Discount Rate 7.9% - Earnings Yield 5.0%)
[Growth] Growth Spread = +1.9% (Analyst 4.9% - Implied 3.0%)