Deutsche bank tangible book value

Feb 09, 2016 the bank s shares now trade at about 35 percent of the tangible book value of the bank s assets, partly because equity investors cant get a clear handle on what lies ahead. European banks are trading cheap, or 20%60% discounts to tangible book value. Why deutsche bank is too small to matter realmoney. Deutsche bank corporate responsibility report 2016 selected.

Aug 25, 2014 bank of americas stock was trading at less than a third of its book value in late 2011 due to rising fears about the quality of the banks loan portfolio, as well as a spurt of highprofile. We want to foster an environment that is open and diverse, where staff opinions and speaking up are valued, and our employees and the firms success is built on respect, collaboration and teamwork in serving our clients, stakeholders and communities. And, while a fundraising would help improve the bank s shortterm capital position, it risks being taken as a sign the bank isnt fully. Deutsche bank annual report 2016 nongaap financial measures. The stock trades at about a third of tangible book value. To calculate the tangible book value per share, malcolm finds that the firms number of shares outstanding is 2,000,000 million. Book value per share is a good measure to value bank stocks. Whilst it may have some speculative hope turnaround option value, we believe the bank is. In this scenario, the socalled priceto book pb ratio is applied with a bank s stock price compared to equity book value per share. A tangible book value per share tbvps is a method of valuing a company on a pershare basis by measuring its equity after removing any. We can improve the pb ratio by switching the denominator to tangible book value. Deutsche bank code of conduct the code articulates what our bank stands for and what we want our overall culture to be.

Tangible net worth or tangible book value is an accounting measure of a companys equity value that excludes certain intangible items, such as goodwill. Db s pricetotangiblebook range over the past 10 years min. Credit suisse or deutsche bank, because theyre not usbased. Hence, deutsche bank ags price to tangible book ratio of today is 0. Intrinsic business value is an economic concept, estimating future cash output discounted to present value. Book value per basic share outstanding and tangible book value per basic share outstanding are nongaap financial measures that are used and relied upon by investors and industry analysts as capital adequacy metrics.

Get the annual and quarterly balance sheet of deutsche bank ag db including details of assets, liabilities and shareholders equity. Tangible book value per basic share outstanding is defined as shareholders equity less goodwill and other intangible assets, divided by the number of basic shares outstanding both at period end. The retail lending and fund management units alone justify a higher price. Per share data deutsche bank ag all values updated annually at fiscal year end. This ratio measures the price of a stock compared to tangible assets on its balance sheet. Goldman sachs may be a better compatible for deutsche, and after gs stocks recent slide the market is according it a price to book ratio of 1. Although deutsche bank s common stock has been a horrible investment over the last 10 years, their current price to tangible book value ptbv is too low for investors to pass up.

Book value is an accounting concept, recording the accumulated financial input from both contributed capital and retained earnings. The german lenders market value has shrunk to bln euros, or about 20% of tangible book value. In depth view into deutsche bank tangible book value per share including historical data from 1998, charts, stats and industry comps. Deutsche bank ags book value per sharefor the quarter that ended in mar. Net income loss attributable to deutsche bank shareholders is a nongaap financial measure and is defined as net income loss excluding post tax. Better yet, you should probably use price to tangible common equity since it also takes off preferred shares, which are basically debt too. Oct 20, 2018 book value per share is a good measure to value bank stocks. Price to book value is a valuation ratio that is measured by stock price book value per share. Plumbing new depths deutsche bank shares have fallen to historic lows.

Remove intangibles tangible assets are those that can be touched and measured for example, cash in the bank, inventory, or a factory. The assets may be carried on the balance sheets at the original cost minus depreciation. Deutsche bank ceo says business model is robust, resilient. In depth view into bank of america price to tangible book value including historical data from 1973, charts, stats and industry comps. If boss christian sewing can shrink the investment bank without major stumbles, the shares will rebound. With a market capitalisation equivalent to just a quarter of the bank s tangible book value, sewing. The price to book ratio has performed poorly since 2000. Oct 16, 2019 although deutsche bank s common stock has been a horrible investment over the last 10 years, their current price to tangible book value ptbv is too low for investors to pass up. Feb 04, 20 the following are the 10 most profitable bank stocks trading below tangible book value, for which yearend data were available friday. Nov 30, 2018 goldman sachs may be a better compatible for deutsche, and after gs stocks recent slide the market is according it a price to book ratio of 1.

Nov 26, 2018 european banks are trading cheap, or 20%60% discounts to tangible book value. To arrive at this number, subtract liabilities from assets. Apr 06, 2020 posttax return on average tangible shareholders equity at deutsche bank 20062019. Corporate culture and corporate values deutsche bank. Deutsche banks price to tangible book value ptbv is too low considering its liquidity position. Deutsche bank tangible book value per share db ycharts. Book value per share tells investors what a bank s, or any stocks, book value is on a pershare basis. Breakingviews deutsche bank retreat depends on uber. This is key in the current 200820092010 environment. May 07, 2018 deutsche currently trades at around 0. The book value is essentially the tangible accounting value of a firm compared to the market value that is shown. Book value per basic share outstanding represents the bank s total shareholders equity divided by the number of basic shares. To calculate tangible book value or tangible common equity, you could also look at the companys. The stock trades at about half the bank s tangible book value, below european peers including ubs group ag, which trades at 1.

Does this european country hold the best bank value stocks. Breakingviews deutsche bank retreat depends on uber optimism. Find out all the key statistics for deutsche bank ag db, including valuation measures, fiscal year financial statistics, trading record, share statistics and more. Cash surrender value of life insurance net interest.

Deutsche bank ags tangible book value per share for the quarter that ended in mar. Book value per basic share outstanding represents the banks total shareholders equity divided by the number of basic shares. Jun 01, 2018 take one of the best metrics for valuing bank stocks, the pricetobook ratio. Book value, tangible book value and dividends declared. A tangible book value per share tbvps is a method of valuing a company on a pershare basis by measuring its equity after removing any intangible assets. Mar 06, 2017 but the size of the offering and the steep discount to tangible book value implies that the equity issuance will add 687. Deutsche bank ags book value per sharefor the quarter that ended in dec. Whilst it may have some speculative hope turnaround option value, we believe the bank is currently uninvestible until its metrics improve. A banks success or failure has a more direct link to the. Nov 07, 20 2 bank stock book value bargains even after a twoyear bank stock rally, there are some big banks trading just above, or even below, tangible book value. Db book value per share explanation usually a companys book value and tangible book per share may not reflect its true value.

Mar 28, 2017 when valuing a bank, price to tangible book value is more important than in most other stocks. Thats a discount to the average pricetobook ratio of large american banks of roughly 82% and a. Yes, that is not a typo, db is trading at a 69% discount to tangible book. A look at the pricetobook ratios of the countrys largest banks. In depth view into deutsche bank price to book value including historical data from 1998, charts, stats and industry comps. Deutsche bank ag is a germanybased investment bank and financial services company. There are plenty of stocks currently trading at significant discounts to book value. Tangible book value strips out goodwill, an intangible asset that generates no revenue and doesnt count towards bank capital. Book value per share tells investors what a banks, or any stocks, book value is on a pershare basis.

The priceto book pb ratio is an evaluation metric that is used to compare the current market price of a companys stock to its book value. Theyve been recapitalizing, so their balance sheets are ok. The pb ratio is favored by value investors for its. The 500 million euro figure is measured by how much the capital requirement is dragging on deutsche banks return on tangible equity, the people said. Deutsche bank bond assurance hinges on unknown costs bloomberg. In this scenario, the socalled priceto book pb ratio is applied with a bank s stock price compared to equity book value. Now is the time to buy deutsche bank breakingviews. Tangible book value per basic share outstanding2 37. Book value reveals how much the company is worth if it were liquidated and all assets were sold for cash. Find out all the key statistics for deutsche bank ag db, including valuation measures. This is partly driven by general pressure on financial stocks, but also by the bank s own specific woes. The firm is valued at just one quarter of its tangible book value the steepest discount among its peer group. Total tangible equity is calculated as the total stockholders equity minus.

Deutsche bank also holds 58% more assets than bank of america. In depth view into deutsche bank ag returnon tangible equity explanation, calculation, historical data and more. Many banks are quite fond of issuing preferred shares. Theres a great buying opportunity in european bank stocks. In depth view into deutsche bank price to tangible book value including historical data from 1998, charts, stats and industry comps. When valuing a bank, price to tangible book value is more important than in most other stocks. Deutsche bank ag priceto tangible book historical data all numbers are in millions except for per share data and ratio.

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