The Borussia Dortmund Files
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The BVB Share and KGaA

The BVB Share: Catastrophic Performance

The all-time high of the BVB share was 10.23 euros on October 30, 2000. In March 2026 it trades at around 3.10 euros.

A loss of nearly 70 percent since the IPO. In the 2023/24 financial year, the group generated 509 million euros in revenue — the second-highest in club history — and in 2024/25 broke the record with 526 million euros. The disconnect between operational success and share price is a permanent issue for BVB investors.

The P/E ratio of approximately 67 (March 2026) reflects the structural problems of the football share: high dependence on sporting success, volatile transfer income and limited dividend appeal (0.06 euros per share).

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