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DB (Deutsche Bank AG) E10 : $-0.38 (As of Mar. 2025)


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What is Deutsche Bank AG E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Deutsche Bank AG's adjusted earnings per share data for the three months ended in Mar. 2025 was $0.961. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $-0.38 for the trailing ten years ended in Mar. 2025.

During the past 3 years, the average E10 Growth Rate was 13.10% per year. During the past 5 years, the average E10 Growth Rate was -70.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Deutsche Bank AG was 13.10% per year. The lowest was -253.00% per year. And the median was -13.90% per year.

As of today (2025-07-09), Deutsche Bank AG's current stock price is $30.32. Deutsche Bank AG's E10 for the quarter that ended in Mar. 2025 was $-0.38. Deutsche Bank AG's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of Deutsche Bank AG was 80.87. The lowest was 4.94. And the median was 13.53.


Deutsche Bank AG E10 Historical Data

The historical data trend for Deutsche Bank AG's E10 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 E10 Chart

Deutsche Bank AG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.34 -0.69 -0.48 -0.37 -0.41

Deutsche Bank AG Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
E10 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 -0.42 -0.48 -0.41 -0.41 -0.38

Competitive Comparison of Deutsche Bank AG's E10

For the Banks - Regional subindustry, Deutsche Bank AG's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Deutsche Bank AG's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Deutsche Bank AG's Shiller PE Ratio falls into.


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Deutsche Bank AG E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, Deutsche Bank AG's adjusted earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.961/127.7792*127.7792
=0.961

Current CPI (Mar. 2025) = 127.7792.

Deutsche Bank AG Quarterly Data

per share eps CPI Adj_EPS
201506 0.401 100.417 0.510
201509 -4.357 100.417 -5.544
201512 -1.488 99.717 -1.907
201603 0.149 100.017 0.190
201606 -0.170 100.717 -0.216
201609 0.160 101.017 0.202
201612 -1.271 101.217 -1.605
201703 0.364 101.417 0.459
201706 0.079 102.117 0.099
201709 0.358 102.717 0.445
201712 -1.361 102.617 -1.695
201803 0.074 102.917 0.092
201806 0.035 104.017 0.043
201809 0.117 104.718 0.143
201812 -0.228 104.217 -0.280
201903 0.090 104.217 0.110
201906 -1.876 105.718 -2.267
201909 -0.452 106.018 -0.545
201912 -0.800 105.818 -0.966
202003 -0.011 105.718 -0.013
202006 -0.169 106.618 -0.203
202009 0.153 105.818 0.185
202012 0.097 105.518 0.117
202103 0.560 107.518 0.666
202106 0.389 108.486 0.458
202109 0.106 109.435 0.124
202112 0.136 110.384 0.157
202203 0.545 113.968 0.611
202206 0.523 115.760 0.577
202209 0.522 118.818 0.561
202212 0.975 119.345 1.044
202303 0.587 122.402 0.613
202306 0.206 123.140 0.214
202309 0.522 124.195 0.537
202312 0.688 123.773 0.710
202403 0.673 125.038 0.688
202406 -0.301 125.882 -0.306
202409 0.800 126.198 0.810
202412 0.104 127.041 0.105
202503 0.961 127.779 0.961

Add all the adjusted EPS together and divide 10 will get our e10.


Deutsche Bank AG  (NYSE:DB) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

During the past 13 years, the highest Shiller P/E Ratio of Deutsche Bank AG was 80.87. The lowest was 4.94. And the median was 13.53.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Deutsche Bank AG E10 Related Terms

Thank you for viewing the detailed overview of Deutsche Bank AG's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


Deutsche Bank AG Business Description

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.
Executives
Mayree Clark Supervisory Board