Valuation Deutsche Börse AG

Equities

Market Closed - Xetra Other stock markets 19:37:06 08/05/2026 +04			Pre-market 10:11:34
242.70 ^EUR	-1.78%		241.90	-0.33%

05-07	Deutsche Börse News: Foreign Equities: 'Get used to lower tech valuations'	DP
05-05	Deutsche Börse News: ETFs: 'Significant Buying Surplus'	DP

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	26,996	29,637	34,267	40,791	40,998	44,197	-	-
Change	-	9.78%	15.62%	19.04%	0.51%	7.8%	-	-
Enterprise Value (EV) ¹	29,506	32,896	40,096	48,501	44,749	48,389	47,760	46,746
Change	-	11.49%	21.89%	20.96%	-7.73%	8.13%	-1.3%	-2.12%
P/E ratio	21.1x	19.8x	19.9x	21x	20.5x	19.9x	18.6x	16.8x
PBR	3.75x	3.5x	3.57x	3.79x	3.6x	3.51x	3.15x	2.87x
PEG	-	1.2x	1.3x	1.6x	7.24x	1.7x	2.53x	1.5x
Capitalization / Revenue	7.69x	6.83x	6.75x	7x	6.8x	6.85x	6.58x	6.16x
EV / Revenue	8.41x	7.58x	7.9x	8.32x	7.43x	7.5x	7.11x	6.52x
EV / EBITDA	14.4x	13x	13.6x	14.3x	12.7x	12.6x	11.8x	10.6x
EV / EBIT	16.9x	15.2x	15.9x	16.7x	14.9x	14.5x	13.6x	12.3x
EV / FCF	42x	15.2x	17.6x	23.7x	18.4x	19x	18.8x	16.6x
FCF Yield	2.38%	6.57%	5.69%	4.23%	5.43%	5.25%	5.31%	6.02%
Dividend per Share ²	3.2	3.6	3.8	4	4.2	4.624	4.94	5.324
Rate of return	2.18%	2.23%	2.04%	1.8%	1.88%	1.91%	2.04%	2.19%
EPS ²	6.98	8.14	9.35	10.6	10.9	12.17	13.06	14.49
Distribution rate	45.8%	44.2%	40.6%	37.7%	38.5%	38%	37.8%	36.8%
Net sales ¹	3,510	4,338	5,077	5,828	6,026	6,456	6,720	7,173
EBITDA ¹	2,043	2,526	2,944	3,396	3,512	3,851	4,050	4,394
EBIT ¹	1,749	2,170	2,526	2,900	3,010	3,331	3,500	3,803
Net income ¹	1,210	1,494	1,724	1,948	1,995	2,225	2,362	2,590
Net Debt ¹	2,510	3,259	5,829	7,710	3,751	4,192	3,563	2,549
Reference price ²	147.10	161.40	186.50	222.40	223.70	242.70	242.70	242.70
Nbr of stocks (in thousands)	183,521	183,623	183,739	183,412	183,273	182,106	-	-
Announcement Date	09/02/22	08/02/23	06/02/24	11/02/25	11/02/26	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
DEUTSCHE BÖRSE AG	19.95x	7.5x	12.57x	1.91%	52.02B
INTERCONTINENTAL EXCHANGE, INC.	21.93x	9.71x	14.4x	1.36%	88.26B
HONG KONG EXCHANGES AND CLEARING LIMITED	28.06x	16.41x	20.89x	3.18%	68.49B
LONDON STOCK EXCHANGE GROUP PLC	34.28x	5.36x	10.69x	1.83%	60.54B
NASDAQ, INC.	26.59x	10.09x	17.13x	1.33%	50.28B
B3 S.A. - BRASIL, BOLSA, BALCÃO	15.11x	7.94x	11.3x	6.78%	18.34B
SINGAPORE EXCHANGE LIMITED	31.46x	14.69x	23.29x	2.14%	17.65B
EURONEXT N.V.	19.64x	7.7x	12.4x	2.54%	16.6B
TMX GROUP LIMITED	25x	8.66x	15.51x	1.74%	11.16B
SWISSQUOTE GROUP HOLDING SA	17.1x	-3.25x	-5.54x	1.78%	7.38B
Average	23.91x	8.48x	13.26x	2.46%	39.07B
Weighted average by Cap.	25.26x	9.75x	14.90x	2.18%