DB vs. GS: Deutsche Bank vs. Goldman Sachs Stock Comparison
How do Deutsche Bank (DB) and Goldman Sachs (GS) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Deutsche Bank (DB) and Goldman Sachs (GS) both belong to the Capital Markets industry, though DB is classified under Diversified Capital Markets while GS falls under Investment Banking & Brokerage.
| Profile Item | DB | GS |
|---|---|---|
| Name | Deutsche Bank AG | The Goldman Sachs Group, Inc. |
| Country/Region | Germany | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Financial Services | Financial Services |
| GICS Industry | Capital Markets | Capital Markets |
| GICS Sub-Industry | Diversified Capital Markets | Investment Banking & Brokerage |
| Market Capitalization | 64.60 billion USD | 249.73 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | November 18, 1996 | May 4, 1999 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | DB | GS |
|---|---|---|
| Total Return (1Y) | 3.59% | 17.85% |
| Total Return (3Y, Annualized) | 52.91% | 44.69% |
| Total Return (5Y, Annualized) | 26.98% | 20.41% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | DB | GS |
|---|---|---|
| Volatility (1Y, Annualized) | 35.30% | 33.28% |
| Beta (5Y) | 1.04 | 1.27 |
| Max Drawdown (5Y) | -54.19% | -30.90% |
| Avg. Volume (3M) | 2.22M | 2.10M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | DB | GS |
|---|---|---|
| Sharpe Ratio (1Y) | -0.02 | 0.41 |
| Sortino Ratio (1Y) | -0.03 | 0.59 |
Profitability
ROE (TTM)
Both Deutsche Bank (DB) at 8.98% and Goldman Sachs (GS) at 17.71% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
DB
Financial Services industry group
8.98%
- Max
- 44.78%
- Q3
- 21.85%
- Median
- 12.91%
- DB
- 8.98%
- Q1
- 4.48%
- Min
- -18.71%
GS
Financial Services industry group
17.71%
- Max
- 44.78%
- Q3
- 21.85%
- GS
- 17.71%
- Median
- 12.91%
- Q1
- 4.48%
- Min
- -18.71%
Net Margin (TTM)
Goldman Sachs (GS) at 31.21% retains a top-quartile share of revenue as profit, ahead of Deutsche Bank (DB) at 22.67%, which keeps about the industry-typical share.
DB
Financial Services industry group
22.67%
- Max
- 62.84%
- Q3
- 28.05%
- DB
- 22.67%
- Median
- 15.36%
- Q1
- 4.82%
- Min
- -28.52%
GS
Financial Services industry group
31.21%
- Max
- 62.84%
- GS
- 31.21%
- Q3
- 28.05%
- Median
- 15.36%
- Q1
- 4.82%
- Min
- -28.52%
Operating Margin (TTM)
Both Deutsche Bank (DB) at 33.58% and Goldman Sachs (GS) at 38.37% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
DB
Financial Services industry group
33.58%
- Max
- 107.33%
- Q3
- 55.90%
- DB
- 33.58%
- Median
- 30.09%
- Q1
- 14.60%
- Min
- -44.34%
GS
Financial Services industry group
38.37%
- Max
- 107.33%
- Q3
- 55.90%
- GS
- 38.37%
- Median
- 30.09%
- Q1
- 14.60%
- Min
- -44.34%
Profitability Metrics
| Metric | DB | GS |
|---|---|---|
| ROE (TTM) | 8.98% | 17.71% |
| ROA (TTM) | 0.48% | 1.11% |
| Net Margin (TTM) | 22.67% | 31.21% |
| Operating Margin (TTM) | 33.58% | 38.37% |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both Deutsche Bank (DB) at 6.83% and Goldman Sachs (GS) at 8.92% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Deutsche Bank (DB) at 130.39% sits in the top EPS growth quartile, while Goldman Sachs (GS) at 26.59% is closer to the peer norm — faster per-share earnings growth for DB.
Growth Metrics
| Metric | DB | GS |
|---|---|---|
| Revenue Growth (YoY) | 6.83% | 8.92% |
| Revenue Growth (3Y CAGR) | 6.39% | 7.16% |
| EPS Growth (YoY) | 130.39% | 26.59% |
| EPS Growth (3Y CAGR) | 10.02% | 19.52% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Deutsche Bank (DB) in Financial Services and Goldman Sachs (GS) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.
Debt / Equity (MRQ)
debt-to-equity ratio is set aside for both: Deutsche Bank (DB) in Financial Services and Goldman Sachs (GS) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.
Financial Strength Metrics
| Metric | DB | GS |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both Deutsche Bank (DB) at 2.75% and Goldman Sachs (GS) at 2.07% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
DB
Financial Services industry group
2.75%
- Max
- 9.77%
- Q3
- 3.92%
- DB
- 2.75%
- Median
- 1.09%
- Q1
- 0.00%
- Min
- 0.00%
GS
Financial Services industry group
2.07%
- Max
- 9.77%
- Q3
- 3.92%
- GS
- 2.07%
- Median
- 1.09%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Deutsche Bank (DB) at 30.04% and Goldman Sachs (GS) at 25.88% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.
DB
Financial Services industry group
30.04%
- Max
- 241.07%
- Q3
- 97.36%
- DB
- 30.04%
- Median
- 25.77%
- Q1
- 0.00%
- Min
- 0.00%
GS
Financial Services industry group
25.88%
- Max
- 241.07%
- Q3
- 97.36%
- GS
- 25.88%
- Median
- 25.77%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | DB | GS |
|---|---|---|
| Dividend Yield (TTM) | 2.75% | 2.07% |
| Dividend Payout Ratio (TTM) | 30.04% | 25.88% |
Valuation
P/E Ratio (TTM)
Deutsche Bank (DB) at 9.00 sits in the cheaper P/E ratio quartile, while Goldman Sachs (GS) at 12.45 is closer to its industry’s usual earnings multiple — a discount for DB, though growth and earnings durability still matter.
DB
Financial Services industry group
9.00
- Max
- 45.85
- Q3
- 24.64
- Median
- 15.37
- Q1
- 9.68
- DB
- 9.00
- Min
- 0.16
GS
Financial Services industry group
12.45
- Max
- 45.85
- Q3
- 24.64
- Median
- 15.37
- GS
- 12.45
- Q1
- 9.68
- Min
- 0.16
P/S Ratio (TTM)
On P/S ratio, both Deutsche Bank (DB) at 2.11 and Goldman Sachs (GS) at 3.52 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.
DB
Financial Services industry group
2.11
- Max
- 9.23
- Q3
- 4.57
- Median
- 2.72
- DB
- 2.11
- Q1
- 1.28
- Min
- -0.55
GS
Financial Services industry group
3.52
- Max
- 9.23
- Q3
- 4.57
- GS
- 3.52
- Median
- 2.72
- Q1
- 1.28
- Min
- -0.55
P/B Ratio (MRQ)
Deutsche Bank (DB) at 0.72 sits in the lower P/B ratio quartile against book while Goldman Sachs (GS) at 2.36 is valued near its industry’s middle — DB is cheaper on assets, though weigh it against ROE and asset quality.
DB
Financial Services industry group
0.72
- Max
- 7.79
- Q3
- 3.63
- Median
- 1.57
- Q1
- 0.81
- DB
- 0.72
- Min
- -0.39
GS
Financial Services industry group
2.36
- Max
- 7.79
- Q3
- 3.63
- GS
- 2.36
- Median
- 1.57
- Q1
- 0.81
- Min
- -0.39
Valuation Metrics
| Metric | DB | GS |
|---|---|---|
| P/E Ratio (TTM) | 9.00 | 12.45 |
| P/S Ratio (TTM) | 2.11 | 3.52 |
| P/B Ratio (MRQ) | 0.72 | 2.36 |
| Free Cash Flow Yield (TTM) | -- | -- |