DB

Deutsche Bank AG

There isn't enough reported data to score DB yet.

GS

The Goldman Sachs Group, Inc.

64
Fundamentals69/ 100
Valuation50/ 100
Upside potential57/ 100
Risk potential14/ 100

GS's fundamentals are strong: revenue grew 19% and its operating margin rose 4 points to 40%. Its PE isn't a useful guide right now because of how its recent earnings were reported.

DB Fundamentals

MetricStatus
Unavailable
Strong
N/A
N/A

DB's profitability is currently strong. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like DB.

GS Fundamentals

MetricStatus
Strong
Strong
N/A
N/A

GS's revenue and profitability are currently strong. Free cash flow and net leverage aren't meaningful measures for financial services companies like GS.

DB PE Valuation

CHEAPFAIREXPENSIVE4.0x7.9x12x16x
CHEAPFAIREXPENSIVE4.0x7.9x12x16x
LevelPEPriceVs current
Cheap5.4x$16.75-54%
Fair7.2x$22.14-40%
Expensive11x$34.17-6.8%
Current12x$36.65—

Historical ranges are pointers, not guarantees.

DB's PE is 12x, but its earnings don't support one, so it isn't a reliable read right now.

GS PE Valuation

CHEAPFAIREXPENSIVE5.2x10x16x21x
CHEAPFAIREXPENSIVE5.2x10x16x21x
LevelPEPriceVs current
Cheap7.6x$528-42%
Current13x$914—
Forward13x$914—
Fair14x$940+2.9%
Expensive17x$1,214+33%

Historical ranges are pointers, not guarantees.

GS has the edge over DB in the historical PE scenario, which offers more potential upside but is not a forecast.

DB Forward outlook

MetricOutlook
--
Strong growth
Growth
Strongly improving
Limited
High

Analysts expect earnings and revenue growth for DB, with profitability improving.

GS Forward outlook

MetricOutlook
Stable
Strong growth
Growth
Strongly improving
Limited
Low

Analysts expect earnings and revenue growth for GS, with profitability improving. However, they disagree widely on these estimates.

DB Risk to reward

ScenarioChangePrice
UpsideUnknown—
DownsideUnknown—

Calculated from the latest close: $36.65 on Nov 12.

There is not enough scenario data to compare DB and GS's risk to reward.

GS Risk to reward

ScenarioChangePrice
Upside+19%$1,085.26
Downside-14%$781.84

Calculated from the latest close: $913.60 on Nov 12.

There is not enough scenario data to compare DB and GS's risk to reward.

DB Earnings Per Share

Q4 2018: $-0.01Q2 2019: $-1.88Q4 2019: $-3.01Q4 2021: $1.08Q2 2022: $1.58Q4 2022: $2.58Q2 2023: $2.02Q4 2023: $3.08
Q4 2018: $-0.01Q2 2019: $-1.88Q4 2019: $-3.01Q4 2021: $1.08Q2 2022: $1.58Q4 2022: $2.58Q2 2023: $2.02Q4 2023: $3.08
QuarterTTM EPSYoY
Q4 2023$3.08+19%
Q2 2023$2.02+28%
Q4 2022$2.58+139%
Q4 2019-$3.01-$3.00
Q4 2018-$0.01+$0.58
Q4 2017-$0.59+$0.62

DB has the edge over GS in the latest year-over-year earnings comparison.

GS Earnings Per Share

Q4 2023: $22.87Q1 2024: $25.66Q2 2024: $31.20Q3 2024: $34.13Q4 2024: $40.54Q1 2025: $43.08Q2 2025: $45.37Q3 2025: $49.22Q4 2025: $51.32Q1 2026: $54.75Q2 2026: $64.82Q3 2026: $69.58Forward: $72.35
Q4 2023: $22.87Q1 2024: $25.66Q2 2024: $31.20Q3 2024: $34.13Q4 2024: $40.54Q1 2025: $43.08Q2 2025: $45.37Q3 2025: $49.22Q4 2025: $51.32Q1 2026: $54.75Q2 2026: $64.82Q3 2026: $69.58Forward: $72.35
QuarterTTM EPSYoY
Forward$72.35+4%
Q3 2026$69.58+41%
Q2 2026$64.82+43%
Q1 2026$54.75+27%
Q4 2025$51.32+27%
Q3 2025$49.22+44%
Q2 2025$45.37+45%
Q1 2025$43.08+68%
Q4 2024$40.54+77%

GS's earnings per share have climbed steadily: $69.58 over the past year, up 41% from the year before, and higher year over year for 10 quarters in a row. Its recent earnings include one-off gains.

DB Quarterly Revenue

Q2 2018: $15.1BQ4 2018: $13.1BQ2 2019: $13.9BQ4 2019: $25.7BQ2 2020: $14BQ4 2020: $12.7BQ2 2021: $15.3BQ4 2021: $13BQ2 2022: $16.5BQ4 2022: $13.5BQ2 2023: $16.5BQ4 2023: $18.1B
Q2 2018: $15.1BQ4 2018: $13.1BQ2 2019: $13.9BQ4 2019: $25.7BQ2 2020: $14BQ4 2020: $12.7BQ2 2021: $15.3BQ4 2021: $13BQ2 2022: $16.5BQ4 2022: $13.5BQ2 2023: $16.5BQ4 2023: $18.1B
QuarterRevenueYoY
Q4 2023$18.1B+34%
Q2 2023$16.5B-0.3%
Q4 2022$13.5B+3.7%
Q2 2022$16.5B+7.9%
Q4 2021$13B+2.6%
Q2 2021$15.3B+9.8%
Q4 2020$12.7B-51%
Q2 2020$14B0%

DB has the edge over GS in the latest year-over-year revenue comparison.

GS Quarterly Revenue

Q4 2023: $11.3BQ1 2024: $14.2BQ2 2024: $12.7BQ3 2024: $12.7BQ4 2024: $13.9BQ1 2025: $15.1BQ2 2025: $14.6BQ3 2025: $15.2BQ4 2025: $13.5BQ1 2026: $17.2BQ2 2026: $20.3BQ3 2026: $18.7B
Q4 2023: $11.3BQ1 2024: $14.2BQ2 2024: $12.7BQ3 2024: $12.7BQ4 2024: $13.9BQ1 2025: $15.1BQ2 2025: $14.6BQ3 2025: $15.2BQ4 2025: $13.5BQ1 2026: $17.2BQ2 2026: $20.3BQ3 2026: $18.7B
QuarterRevenueYoY
Q3 2026$18.7B+23%
Q2 2026$20.3B+39%
Q1 2026$17.2B+14%
Q4 2025$13.5B-3%
Q3 2025$15.2B+20%
Q2 2025$14.6B+15%
Q1 2025$15.1B+6%
Q4 2024$13.9B+23%

GS's revenue is growing: $18.7B last quarter, up 23% from the same quarter a year ago.

DB Free Cash Flow

Q2 2018: −$38.7BQ4 2018: −$21.9BQ2 2019: −$22.9BQ4 2019: −$45.3BQ2 2020: $26.7BQ4 2020: $6.9BQ2 2021: $14.9BQ4 2021: −$17.6BQ2 2022: −$4.2BQ4 2022: $2.2BQ2 2023: −$18.5BQ4 2023: $23.9B
Q2 2018: −$38.7BQ4 2018: −$21.9BQ2 2019: −$22.9BQ4 2019: −$45.3BQ2 2020: $26.7BQ4 2020: $6.9BQ2 2021: $14.9BQ4 2021: −$17.6BQ2 2022: −$4.2BQ4 2022: $2.2BQ2 2023: −$18.5BQ4 2023: $23.9B
QuarterFree cash flowYoY
Q4 2023$23.9B+981%
Q2 2023-$18.5B-$14.3B
Q4 2022$2.2B+$19.8B
Q2 2022-$4.2B-128%
Q4 2021-$17.6B-356%
Q2 2021$14.9B-44%
Q4 2020$6.9B+$52.2B
Q2 2020$26.7B+$49.6B

DB's free cash flow was $3.4B over the past year, down 89% from the year before. Free cash flow isn't a meaningful measure for financial services companies like DB.

GS Free Cash Flow

Q4 2023: −$28.9BQ1 2024: −$28.5BQ2 2024: $5.6BQ3 2024: −$38.5BQ4 2024: $46.2BQ1 2025: −$37.7BQ2 2025: $5.2BQ3 2025: $2.1BQ4 2025: −$16.8BQ1 2026: −$32.4BQ2 2026: $5.6BQ3 2026: $3.7B
Q4 2023: −$28.9BQ1 2024: −$28.5BQ2 2024: $5.6BQ3 2024: −$38.5BQ4 2024: $46.2BQ1 2025: −$37.7BQ2 2025: $5.2BQ3 2025: $2.1BQ4 2025: −$16.8BQ1 2026: −$32.4BQ2 2026: $5.6BQ3 2026: $3.7B
QuarterFree cash flowYoY
Q3 2026$3.7B+72%
Q2 2026$5.6B+7.8%
Q1 2026-$32.4B+$5.3B
Q4 2025-$16.8B-136%
Q3 2025$2.1B+$40.6B
Q2 2025$5.2B-6.8%
Q1 2025-$37.7B-$9.2B
Q4 2024$46.2B+$75.1B

GS's free cash flow was −$40B over the past year, against $15.8B the year before. Free cash flow isn't a meaningful measure for financial services companies like GS.

DB Total Shares

Q4 2021: 2.1BQ4 2022: 2.1BQ2 2023: 2.1BQ4 2023: 2.1B
Q4 2021: 2.1BQ4 2022: 2.1BQ2 2023: 2.1BQ4 2023: 2.1B
PeriodChange %Net change
Quarterly-0.3%-5.6M shares
1 year+52%+716M shares

DB has 2.1B diluted shares, up 52% from a year ago.

GS Total Shares

Q4 2023: 346MQ1 2024: 340MQ2 2024: 336MQ3 2024: 331MQ4 2024: 334MQ1 2025: 325MQ2 2025: 318MQ3 2025: 315MQ4 2025: 318MQ1 2026: 308MQ2 2026: 305MQ3 2026: 301M
Q4 2023: 346MQ1 2024: 340MQ2 2024: 336MQ3 2024: 331MQ4 2024: 334MQ1 2025: 325MQ2 2025: 318MQ3 2025: 315MQ4 2025: 318MQ1 2026: 308MQ2 2026: 305MQ3 2026: 301M
PeriodChange %Net change
Quarterly-1.2%-3.8M shares
1 year-4.4%-13.9M shares
3 years-12%-42.8M shares
5 years-15%-52.8M shares
Available history-20%-74.4M shares

GS has the edge over DB on shareholder dilution, with a more favorable share count trend.

DB Net Leverage

GS Net Leverage

Q4 2023: -9.6xQ1 2024: -6.8xQ2 2024: -6.5xQ3 2024: -3.5xQ4 2024: -4.7xQ1 2025: -3.9xQ2 2025: -3.1xQ3 2025: -3.5xQ4 2025: -6.4xQ1 2026: -6.7xQ2 2026: -6.1xQ3 2026: -5.4x
Q4 2023: -9.6xQ1 2024: -6.8xQ2 2024: -6.5xQ3 2024: -3.5xQ4 2024: -4.7xQ1 2025: -3.9xQ2 2025: -3.1xQ3 2025: -3.5xQ4 2025: -6.4xQ1 2026: -6.7xQ2 2026: -6.1xQ3 2026: -5.4x
QuarterNet LeverageStatus
Q3 2026-5.4xNet Cash
Q2 2026-6.1xNet Cash
Q1 2026-6.7xNet Cash
Q4 2025-6.4xNet Cash
Q3 2025-3.5xNet Cash
Q2 2025-3.1xNet Cash
Q1 2025-3.9xNet Cash
Q4 2024-4.7xNet Cash

GS has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like GS.

DB Weekly Momentum

MetricValueStatus
RSI53.7Neutral
Stochastic39.4Neutral

DB's weekly RSI is 54 (neutral) and its Stochastic is 39 (neutral).

GS Weekly Momentum

MetricValueStatus
RSI44.5Neutral
Stochastic16.3Oversold

GS's weekly RSI is 45 (neutral) and its Stochastic is 16 (oversold).

DB PE vs Financial Services Sector

MetricDBSector medianRelative
PE12x13x8.5% below
PE %946331 pts above

DB has the edge over GS on valuation relative to its sector.

GS PE vs Financial Services Sector

MetricGSSector medianRelative
PE13x13x0.8% above
PE %466317 pts below

GS is trading at 13x earnings, in line with the Financial Services sector's median of 13x, though its earnings don't support one.

DB Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$34.36.9% above
20 week MA$36.30.9% above
50 week MA$35.14.4% above
100 week MA$31.616% above
200 week MA$22.662% above

DB has the edge over GS on trend strength, trading above more of its moving averages.

GS Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$895.52% above
20 week MA$977.46.5% below
50 week MA$945.43.4% below
100 week MA$804.514% above
200 week MA$602.752% above

GS's trend is mixed: it's above three of its five weekly moving averages, and 52% above its 200-week average.

DB Yearly ROI

YearStart priceEnd priceROI
2020$7.69$10.9+41%
2021$10.9$12.6+16%
2022$12.6$11.4-9.8%
2023$11.4$13.6+19%
2024$13.6$17.2+27%
2025$17.2$39.7+131%
2026 YTD$39.7$36.7-7.6%

DB has finished higher in five of the last six years. It's down 7.6% so far in 2026.

GS Yearly ROI

YearStart priceEnd priceROI
2020$230.7$256.2+11%
2021$256.2$385.0+50%
2022$385.0$345.5-10%
2023$345.5$385.8+12%
2024$385.8$576.2+49%
2025$576.2$907.0+57%
2026 YTD$907.0$913.6+0.7%

GS has the edge over DB on returns for 2026, with the stronger performance.

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