The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Friday, August 14, 2026

Subject of the day

DB1.DE

Concerning the House

Deutsche Börse AG operates as an international exchange organization in Germany, rest of Europe, the United States, and the Asia-Pacific. The company operates through four segments: Investment Management Solutions, Trading & Clearing, Fund Services, and Securities Services. The Investment Management Solutions segment offers financial data, analytics, and software-as-a-service solutions including research, data collection, data analysis, and the provision of indices, analytics and investment management software to institutional investors, banks, and corporate clients. The Trading & Clearing segment engages in the development and operation of markets and trading systems for securities, derivatives, commodities, currencies, digital assets, and other asset classes. This segment handles settlement of transactions through clearing houses. Its Fund Services segment provides infrastructure and services for fund processing, including order routing, settlement, custody, data and distribution support for investment funds. The Securities Services segment offers various services for securities issuance, settlement, custody as well as collateral, securities lending, and liquidity management. The company was founded in 1585 and is headquartered in Eschborn, Germany.

Germany · deutsche-boerse.com/dbg-de

The Ledger
LineMar 2025Jun 2025Dec 2025Mar 2026
Revenue$1.87B$1.80B$1.94B$2.02B
Gross profit$1.07B$813.70M$1.06B$1.20B
Operating income$779.00M$759.40M$725.00M$882.00M
Net income$525.00M$508.70M$488.00M$585.00M
Diluted EPS2.862.683.21
Quotation

$271.80

-0.30 (-0.1%)

52w hi$275.60
52w lo$199.82
Vol201.12K
As ofAug 13
The Verdict

Hold

Our score +0.14

Short-0.12
Medium+0.20
Long+0.55

computed 2026-08-13

By the Numbers

Deutsche Börse AG

Financial Services · Financial Data & Stock Exchanges

Market cap$49.00B
Enterprise value$53.85B
Trailing P/E23.45x
Forward P/E20.13x
EV / EBITDA16.09x
P / S (ttm)6.32x
Profit margin27.3%
Return on equity20.4%
Revenue growth+11.7%
Earnings growth+13.7%
Debt / equity57.65
Risk Metrics
Beta vs SPX-0.05
Corr SPX-0.04
Annual vol21.4%
Annual ret+20.3%
Sharpe0.95
Max DD-30.4%

Window: 504 trading days (489 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.40
Sector+0.09
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$273.30$273.60$270.70$271.80201.12K
Aug 12$274.10$275.00$269.30$272.10210.05K
Aug 11$276.20$276.80$273.20$274.00345.96K
Aug 10$273.30$277.10$271.50$275.60180.14K
Aug 7$270.30$275.70$270.00$274.10308.00K