(CBK) Commerzbank - Overview
Stock: Accounts, Loans, Securities, Asset Management, Trade Finance
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.56% |
| Yield on Cost 5y | 12.40% |
| Yield CAGR 5y | 80.28% |
| Payout Consistency | 45.6% |
| Payout Ratio | 39.6% |
| Risk 5d forecast | |
|---|---|
| Volatility | 31.9% |
| Relative Tail Risk | -5.50% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.91 |
| Alpha | 90.58 |
| Character TTM | |
|---|---|
| Beta | 0.252 |
| Beta Downside | 0.516 |
| Drawdowns 3y | |
|---|---|
| Max DD | 25.68% |
| CAGR/Max DD | 1.96 |
Description: CBK Commerzbank January 29, 2026
Commerzbank AG (XETRA:CBK) is a German-headquartered universal bank that serves private-individual and small-business customers, corporate clients, financial-service firms, and institutional investors across Germany, the broader European region, the Americas, and Asia. Its operations are split into two reporting segments – Private & Small-Business Customers and Corporate Clients – and it offers a full suite of retail banking products (savings, checking, loans, cards, pensions, payment solutions), corporate-finance services (real-estate and working-capital financing, M&A advisory, trade finance), and wealth-management capabilities (asset management, succession planning, estate services).
In its most recent quarter (Q4 2025), Commerzbank posted a net profit of €1.12 billion, a 7 % year-over-year increase, while its Common Equity Tier 1 (CET1) ratio rose to 14.3 % from 13.9 % in Q4 2024, reflecting a stronger capital position. The bank’s return on equity (ROE) reached 8.1 % and net interest margin (NIM) stabilized at 1.45 % amid a flattening European yield curve. These figures are disclosed in the bank’s earnings release dated 22 January 2026.
Key drivers of Commerzbank’s near-term outlook include the European Central Bank’s policy stance – the ECB has kept the deposit rate at 3.75 % and is signaling a gradual rate-cut cycle later in 2026, which should support loan demand but compress NIM. Additionally, Germany’s GDP growth is projected at 0.9 % YoY for 2026, modestly above the euro-area average, providing a slightly more favorable environment for corporate lending. Finally, the bank’s ongoing digital-banking transformation, measured by a 12 % increase in active online users YoY, is expected to improve cost efficiency and cross-selling opportunities.
For a deeper quantitative assessment, you may want to explore Commerzbank’s valuation metrics and scenario analysis on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income: 2.64b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.04 > 0.02 and ΔFCF/TA -7.03 > 1.0 |
| NWC/Revenue: 215.3% < 20% (prev 816.5%; Δ -601.2% < -1%) |
| CFO/TA -0.03 > 3% & CFO -18.14b > Net Income 2.64b |
| Net Debt (-69.27b) to EBITDA (3.91b): -17.73 < 3 |
| Current Ratio: 4.23 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.13b) vs 12m ago -4.83% < -2% |
| Gross Margin: 53.45% > 18% (prev 0.48%; Δ 5297 % > 0.5%) |
| Asset Turnover: 4.24% > 50% (prev 4.41%; Δ -0.17% > 0%) |
| Interest Coverage Ratio: 0.25 > 6 (EBITDA TTM 3.91b / Interest Expense TTM 11.44b) |
Altman Z'' 0.78
| A: 0.09 (Total Current Assets 69.27b - Total Current Liabilities 16.38b) / Total Assets 592.95b |
| B: 0.03 (Retained Earnings 19.39b / Total Assets 592.95b) |
| C: 0.00 (EBIT TTM 2.89b / Avg Total Assets 579.14b) |
| D: 0.05 (Book Value of Equity 30.31b / Total Liabilities 561.14b) |
| Altman-Z'' Score: 0.78 = B |
Beneish M -2.91
| DSRI: 0.89 (Receivables 212.0m/241.0m, Revenue 24.57b/24.93b) |
| GMI: 0.90 (GM 53.45% / 48.17%) |
| AQI: 1.46 (AQ_t 0.88 / AQ_t-1 0.60) |
| SGI: 0.99 (Revenue 24.57b / 24.93b) |
| TATA: 0.04 (NI 2.64b - CFO -18.14b) / TA 592.95b) |
| Beneish M-Score: -2.91 (Cap -4..+1) = A |
What is the price of CBK shares?
Over the past week, the price has changed by +1.98%, over one month by -2.31%, over three months by +10.81% and over the past year by +97.75%.
Is CBK a buy, sell or hold?
What are the forecasts/targets for the CBK price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 34.9 | -1.8% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 57.1 | 60.7% |
CBK Fundamental Data Overview February 03, 2026
P/E Trailing = 16.7585
P/E Forward = 12.6103
P/S = 3.4552
P/B = 1.1369
P/EG = 1.4005
Revenue TTM = 24.57b EUR
EBIT TTM = 2.89b EUR
EBITDA TTM = 3.91b EUR
Long Term Debt = 53.33b EUR (from longTermDebt, last fiscal year)
Short Term Debt = unknown (none)
Debt = 3.96b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = -69.27b EUR (from netDebt column, last quarter)
Enterprise Value = -26.20b EUR (39.11b + Debt 3.96b - CCE 69.27b)
Interest Coverage Ratio = 0.25 (Ebit TTM 2.89b / Interest Expense TTM 11.44b)
EV/FCF = 1.22x (Enterprise Value -26.20b / FCF TTM -21.46b)
FCF Yield = 81.92% (FCF TTM -21.46b / Enterprise Value -26.20b)
FCF Margin = -87.34% (FCF TTM -21.46b / Revenue TTM 24.57b)
Net Margin = 10.74% (Net Income TTM 2.64b / Revenue TTM 24.57b)
Gross Margin = 53.45% ((Revenue TTM 24.57b - Cost of Revenue TTM 11.44b) / Revenue TTM)
Gross Margin QoQ = 47.26% (prev 55.18%)
Tobins Q-Ratio = -0.04 (set to none) (Enterprise Value -26.20b / Total Assets 592.95b)
Interest Expense / Debt = 70.38% (Interest Expense 2.79b / Debt 3.96b)
Taxrate = 36.42% (374.0m / 1.03b)
NOPAT = 1.84b (EBIT 2.89b * (1 - 36.42%))
Current Ratio = 4.23 (Total Current Assets 69.27b / Total Current Liabilities 16.38b)
Debt / Equity = 0.13 (Debt 3.96b / totalStockholderEquity, last quarter 30.36b)
Debt / EBITDA = -17.73 (Net Debt -69.27b / EBITDA 3.91b)
Debt / FCF = 3.23 (negative FCF - burning cash) (Net Debt -69.27b / FCF TTM -21.46b)
Total Stockholder Equity = 33.41b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.46% (Net Income 2.64b / Total Assets 592.95b)
RoE = 7.90% (Net Income TTM 2.64b / Total Stockholder Equity 33.41b)
RoCE = 3.33% (EBIT 2.89b / Capital Employed (Equity 33.41b + L.T.Debt 53.33b))
RoIC = 1.87% (NOPAT 1.84b / Invested Capital 97.98b)
WACC = 6.21% (E(39.11b)/V(43.07b) * Re(6.84%) + (debt cost/tax rate unavailable))
Discount Rate = 6.84% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -100.0 | Cagr: -4.65%
Fair Price DCF = unknown (Cash Flow -21.46b)
EPS Correlation: 62.78 | EPS CAGR: 11.70% | SUE: -0.35 | # QB: 0
Revenue Correlation: 80.56 | Revenue CAGR: 12.15% | SUE: 0.51 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.77 | Chg30d=+0.001 | Revisions Net=+1 | Analysts=2
EPS next Year (2026-12-31): EPS=3.01 | Chg30d=-0.020 | Revisions Net=+0 | Growth EPS=+21.4% | Growth Revenue=+8.1%