Commerzbank AG

€38.21As of Sun 8 Nov 2026, 12:00 UTC

XETRA:CBKFinancials

Country Germany

PE (Fwd) •••

TSR 10Y CAGR 21.50%

Div yield 2.88%

ROTE 9.62%

Banks (Regional)

Beta (5Y) 0.70

PE TTM 12.73

TSR TTM 24.96%

Mkt cap €41.30B

NIM —

SE Grade™

Value

Quality

Moat

Consensus

Reference

€41

7.51%

44.12%

Hold 11|6|9|10|1

TTM

FYE 31 Dec EUR

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

4.743

Revenue€B

6.640

7.101

7.327

7.552

7.888

8.294

8.753

9.109

9.480

9.876

4.870

4.60%

4.62%

19.34

Revenue growth%

7.76

8.11

8.98

11.61

10.98

11.32

8.78

6.85

5.61

6.62

3.22

6.85

8.44

25.04

NIM%

4.97

6.31

7.38

10.31

8.14

8.76

6.28

9.05

6.36

5.03

8.80

6.36

6.87

21.05

Effic. R.%

22.84

20.99

19.82

21.77

23.85

24.95

22.19

22.67

21.57

22.73

8.50

22.67

22.43

11.92

Net margin%

10.62

10.63

13.39

13.36

13.17

14.75

14.48

11.55

12.96

12.93

17.21

12.96

13.06

17.97

P/E ratio (avg)x

26.97

27.38

27.07

25.72

28.95

33.38

34.91

39.58

38.38

41.95

20.45

38.38

31.16

24.14

P/TBVx

29.94

29.34

28.24

30.73

28.27

29.85

27.50

25.11

23.17

24.02

27.63

25.11

28.26

23.08

P/Bx

17.31

16.86

19.18

22.77

27.36

30.54

32.16

34.81

40.31

40.68

9.516

34.81

28.95

3.325

NII€B

4.192

4.454

4.653

4.770

4.914

5.231

5.437

5.685

6.041

6.209

10.37

4.79%

4.53%

—

17.58

NII grth%

33.26

35.50

33.95

36.57

38.17

40.48

39.99

42.31

40.47

37.75

13.15

40.47

37.96

29.73

ROTE%

35.04

34.49

34.51

35.85

36.31

38.59

35.95

37.85

38.82

37.70

5.27

37.85

36.13

7.25

Return on equity%

34.42

35.57

34.84

33.20

35.96

37.47

39.47

38.00

40.34

28.24

38.00

35.96

13.51

Return on assets%

2.08

2.77

1.56

0.40

1.65

0.70

3.28

2.70

2.69

3.41

26.01

2.70

2.38

2.18

EPS€

5.40

5.17

4.83

4.87

5.33

5.52

5.98

6.29

6.16

5.99

2.33

2.36%

2.39%

—

9.91

EPS growth%

12.45

11.40

10.21

12.22

13.57

12.27

15.06

16.59

19.36

22.15

12.48

16.59

13.01

1.15

Bookvalue per sh€

5.17

5.38

5.91

5.65

6.60

7.00

6.68

7.62

8.62

9.19

3.27

6.84%

7.62%

—

1.87

TBV/sh€

2.28

2.34

2.26

2.36

2.35

2.42

2.19

2.01

1.99

2.94

(3.32%)

(0.10%)

—

2.27

Dividend per sh€

1.16

1.28

1.30

1.39

1.52

1.42

1.59

1.73

1.97

2.19

4.07

7.51%

7.78%

—

8.57

Div yield (avg)%

14.97

17.84

16.69

17.01

14.01

13.70

16.52

13.56

16.08

17.36

16.14

16.08

16.30

9.24

Payout ratio%

32.47

30.17

31.18

28.92

28.35

29.13

27.15

25.51

28.25

27.20

29.76

27.20

28.64

1.055

Shares (diluted)B

0.982

1.075

1.041

1.167

1.187

1.168

1.198

1.222

1.232

1.155

1.087

(0.55%)

0.67%

20.68

Buyback yield%

15.45

14.27

15.91

17.62

19.58

21.18

19.59

18.46

16.31

16.30

4.25

18.46

16.97

169.43

Eq/Assets%

61.51

59.74

55.56

58.53

60.97

65.94

70.44

79.62

82.31

85.54

132.23

79.62

63.73

3.049

Assets€B

34.85

37.76

40.20

43.70

47.46

48.91

52.89

55.86

59.58

65.27

10.05

6.58%

7.29%

3.694

LT debt€B

10.16

11.97

14.39

15.94

17.48

17.65

20.95

20.60

24.83

28.72

9.459

10.44%

12.61%

Peers (US$46.37B)

Cap (US$)

Deutsche Börse AG

64.78B

26.44x

Hannover Rück SE

39.68B

12.93x

Talanx AG

37.64B

12.89x

Swedbank AB (publ)

45.65B

14.68x

Capital

TTM

10Y

Tang eq%

45.55

10.43

10.91

LT debt%

121.15

39.61

36.65

Cash%

247.89

18.96

19.03

Sh yield%

29.25

33.66

33.10

Owners

Insiders/Inst%

4.05

33.28

Short interest%

2.92

SBC / revenue%

0.52

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

ROE range%

33–40

$1 testx

0.0

Incr. ROIC%

—

Commerzbank AG provides banking and capital market products and services to private and small business customers, corporates, financial service providers and institutional clients in Germany, the rest of Europe, the Americas and Asia, through its Private and Small-Business Customers and Corporate Clients segments. Its offering includes accounts, cards, loans, real estate financing, securities trading and wealth management.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Total assets

€65.27B

7.29%

1.29×

Revenue

€9.876B

4.62%

1.00×

Non-interest expense

€5.782B

4.70%

1.01×