Stock · DB1.DE · Financial Services

Deutsche Börse AG

Germany · Large Cap · Revenue 12 mo. €8.1B

Price as of 11/06/2026

StockScorer score
5.5
of 10 6 of 11 points Not rated To the score
Price
€320.00
1 Y +42.2%
Market cap
€57B
Phase
Growth
revenue growing, core business profitable
Revenue +12.4% a year (3 years)EBIT margin 40.3%Payout 44.6% of operating cash flow

Deutsche Börse AG operates as an international exchange organization in Germany, rest of Europe, the United States, and the Asia-Pacific.

moreless

Deutsche Börse AG operates as an international exchange organization in Germany, rest of Europe, the United States, and the Asia-Pacific. The company operates through four segments: Investment Management Solutions, Trading & Clearing, Fund Services, and Securities Services. The Investment Management Solutions segment offers financial data, analytics, and software-as-a-service solutions including research, data collection, data analysis, and the provision of indices, analytics and investment management software to institutional investors, banks, and corporate clients. The Trading & Clearing segment engages in the development and operation of markets and trading systems for securities, derivatives, commodities, currencies, digital assets, and other asset classes. This segment handles settlement of transactions through clearing houses. Its Fund Services segment provides infrastructure and services for fund processing, including order routing, settlement, custody, data and distribution support for investment funds. The Securities Services segment offers various services for securities issuance, settlement, custody as well as collateral, securities lending, and liquidity management. The company was founded in 1585 and is headquartered in Eschborn, Germany.

Original text from the data provider

Summary

Deutsche Börse AG is around the middle of the Financial Services sector overall

59.0 of 100

Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.

Analysis

What the price requires

The price requires 8.7% FCF growth a year, less than achieved over the last 5 and 10 years.

If free cash flow stays at €2.8B (2025), it supports €30.6B. The remaining €26.4B of the market value assume it grows 8.7% a year for 10 years and not at all afterwards.

Required FCF growth per year

8.7%

no growth afterwards

Market value breakdown€57B market value, price as of 11/06/2026

€30.6B without growth
€26.4B priced-in growth
  • 5 yrs achieved 20.2%
  • 10 yrs achieved 15.6%
  • priced in 8.7%

1 sign supports the expectation, none speaks against it.

What supports it

with respect to the priced-in expectation

  • Expectation below the company's own record priced in 8.7%, achieved at least 15.6%

What speaks against it

with respect to the priced-in expectation

No anomaly in the stored figures.

Since the last quarter

Q2 → Q3 2026

A mixed quarter: 1 figure better, 1 worse.

  • Gross margin72.9% → 59.4%−13.5 ppworse
  • Net debt€32.0B → €8.2B−74.3%better

4 more unchanged: Revenue, 12 mo., EBIT margin, Shares outstanding, Return on equity

Derivation

How the sector comparison is derived

Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.

Price as of 11/06/2026.

Profitability74.8above the middleEarns more than the sector: Return on capital (Greenblatt) 474.44%, sector 59.04%.
MetricStockSector medianPosition in sector
Return on equity17.64%12.46%Rank 75
Return on capital (Greenblatt)474.44%59.04%Rank 90
EBIT margin40.31%23.06%Rank 83
FCF margin37.15%19.82%Rank 74
Gross margin67.71%65.53%Rank 53
Growth39.1below the middleGrows more slowly than the sector: Earnings growth, 3 years per year 10.29%, sector 15.20%.
MetricStockSector medianPosition in sector
Revenue growth, 1 year5.58%7.39%Rank 43
Earnings growth, 3 years per year10.29%15.20%Rank 35
Earnings growth, 5 years per year13.10%15.17%Rank 42
Sustainable growth (ROE × retained earnings)0.74%1.25%Rank 36
Valuation30.1below the middleValued higher than the sector: Earnings yield 3.40%, sector 6.47%.
MetricStockSector medianPosition in sector
Earnings yield3.40%6.47%Rank 15
FCF yield4.83%7.16%Rank 37
EV/saleslower is better6.182.82Rank 26
EV/EBITlower is better15.3314.24Rank 43
Momentum93.9above the middleShare price doing better than the sector: Share price, 3 months 21.88%, sector 0.45%.
MetricStockSector medianPosition in sector
Share price, 1 year42.20%7.80%Rank 93
Share price, 6 months32.33%8.71%Rank 96
Share price, 3 months21.88%0.45%Rank 98
Distance from 52-week high−2.29%−10.68%Rank 89
Quality63.8above the middleQuality above the sector: Dividend streak in years 12, sector 5.
MetricStockSector medianPosition in sector
Accruals (Sloan)lower is better−0.32%1.23%Rank 77
Change in share countlower is better−0.61%−0.60%Rank 51
Dividend streak in years125Rank 77
Price reaction to results, market-adjusted0.03%0.00%Rank 51
Balance sheet & risk52.5around the middleRisk about like the sector.
MetricStockSector medianPosition in sector
Equity ratio3.81%9.21%Rank 9
Net debt/EBITDAlower is better−3.190.12Rank 76
Debt to equitylower is better0.720.90Rank 58
Volatility, 1 yearlower is better22.81%25.95%Rank 68

Ten years in figures

Revenue from €2.6B (2016) to €7.4B (2025), 12.2% a year.

Fiscal years, amounts in EUR
YearRevenue, €BEBIT marginFCFSharesNet debt
20162.639.1%€1.5B187M€1.5B
20172.842.2%€907.0M187M€1.8B
20183.139.6%€1.1B185M€960.9M
20193.344.3%€741.2M183M€520.7M
20203.743.1%€1.2B183M€1.1B
20214.438.1%€702.5M184M€3.4B
20225.253.4%€2.2B184M€3.3B
20236.141.6%€2.3B185M€6.6B
20247.040.8%€2.1B184M€7.2B
20257.440.3%€2.8B183M€6.4B
5.5 / 10Not ratedStockScorer score6 of 11 points

4 of 7 StockScorer Score rules met · How the score is built

Deutsche Börse AG mainly meets criteria in the Profitability category. Result from 18 strategies checked.

This stock · Profitability: 100%This stock · Growth: 0%This stock · Valuation: 0%This stock · Momentum: 100%Median of all stocks · Profitability: 33%Median of all stocks · Growth: 0%Median of all stocks · Valuation: 0%Median of all stocks · Momentum: 0%50%100%ProfitabilityGrowthValuationMomentumThis stockMedian of all stocks

How Deutsche Börse AG's score is built

This is how the StockScorer Score strategy, the flagship rule set, calculates the points for Deutsche Börse AG. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.

4 of 7 rules met

6 of 11 points

The rule “Exclusion: financial and real estate stocks” applies. The stock is therefore not rated regardless of the points scored.

  1. Free cash flow yield above the sector mediannot met0 of 2 points
  2. Return on capital (Greenblatt ROC) above the sector medianmet2 of 2 points
  3. Return on equity above the sector medianmet1 of 1 point
  4. Free cash flow margin above the sector medianmet2 of 2 points
  5. Revenue growth above 15%not met0 of 2 points
  6. 3-year earnings growth above 12% p.a.not met0 of 1 point
  7. 12-month share price more than 20 percentage points ahead of the marketmet1 of 1 point
  8. Exclusion: financial and real estate stocksapplies

Detail data

How does Deutsche Börse AG stock perform across 18 strategies?

Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.

12 more strategies locked

With a free account, you can see the match across all strategies checked in one complete overview.

  • High-Growth / Rule of 40
  • Magic Formula: Value + Quality
  • Moat Quality
  • Dividend Aristocrats & Continuity
  • Mohanram G-Score: Growth Quality
  • Trending Value: Value + Momentum
  • Altman Z-Score: Stress Test
  • Acquirer's Multiple: EV/EBIT Deep Value
  • Earnings Quality: Accrual Check (Sloan)
  • Levermann Strategy (13 Criteria)
  • PEG Strategy (inspired by Peter Lynch)
  • Undervalued Stocks: Multi-Factor Check

Deutsche Börse AG key metrics: P/E, P/B and equity ratio

Selected fundamental metrics for Deutsche Börse AG.

MetricStockSector
P/E ratio29.415.2
P/B ratio5.21.8
Return on equity (ROE)17.6%12.5%
Equity ratio3.8%9.2%
Debt-to-equity (D/E)0.720.90
Dividend yield1.3%3.3%

Similar stocks in Financial Services

How comparable stocks in the same sector score in the StockScorer model.

SymbolCompanyRating
DB1.DEDeutsche Börse AGthis page
0388.HKHong Kong Exchange and Clearing Ltdlocked
NDAQNasdaq IncLow4.5
LSEG.LLondon Stock Exchange Group PLClocked
MSCIMSCI Inclocked
MCOMoodys Corporationlocked

Frequently asked questions about Deutsche Börse AG stock

How does Deutsche Börse AG stock (DB1.DE) score in the StockScorer model?
Deutsche Börse AG stock reaches a StockScorer score of 5.5 out of 10, but is not rated (exclusion rule: Exclusion: financial and real estate stocks).
What is Deutsche Börse AG's P/E ratio?
Deutsche Börse AG's P/E ratio is 29.4. The Financial Services sector median is 15.2.
What sector is Deutsche Börse AG in?
Deutsche Börse AG is assigned to the Financial Services sector. Its rank within the sector is 59.0 out of 100: 100 means the stock leads its peer group of large and mid-cap sector stocks in every measured area.

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