Dateline: Dortmund, 9 December 2025
Borussia Dortmund’s share (BVB Aktie) is back in the spotlight today – and not just because of its latest price move. The club is celebrating 25 years on the stock exchange, making BVB one of the longest-standing listed football clubs in the world and still the only Bundesliga club whose shares trade on a regulated market. [1]
At the same time, the global “football stocks” universe is moving unevenly: Benfica still leads the 2025 performance table, Manchester United continues to wrestle with losses, and Juventus is rebuilding after years of financial turbulence. [2]
Here’s a detailed look at BVB stock today (9 December 2025), the latest news and forecasts around it, and how it stacks up against other listed clubs worldwide.
1. BVB share price today: small dip, big milestone
As of trading on 9 December 2025, Borussia Dortmund (XETR: BVB) is changing hands at around €3.325 per share, slightly lower on the day (about ‑0.6%) after closing at €3.345 previously. [3]
Key price metrics around today’s session:
- Last price: ~€3.33
- Day range: roughly €3.295 – €3.325 [4]
- 52‑week range: about €2.78 – €4.14 [5]
- Position in that range: ~20% above the 52‑week low and ~20% below the high (rounded)
- Market capitalisation: roughly €366–€369 million [6]
On the club’s own investor page, BVB shows a 1‑year performance of around –0.75%, but a roughly flat to slightly positive performance over 2025 as a whole. [7]
So while today’s move is modest, it comes on a symbolic date: BVB is celebrating 25 years of being listed, highlighting its strategy of sustainable growth and its role as a hybrid of football club and mid‑cap entertainment business. [8]
2. The big news today: 25 years of BVB on the stock exchange
Several releases today mark BVB’s 25th anniversary as a public company. The club is stressing three themes: [9]
- Unique status in Germany
- Borussia Dortmund remains the only Bundesliga side listed on a stock exchange, trading in Frankfurt’s Prime Standard and included in the SDAX index. [10]
- Sustainable, club‑first positioning
- Communications around the anniversary underline a mix of economic responsibility (positive earnings and measured investment) and social responsibility (strong regional identity, fan culture).
- Capital market as a long‑term funding tool
- Management frames the listing not as short‑term speculation, but as a way to fund infrastructure, youth development, and player investments over cycles.
Together, this messaging is designed to reassure investors that Dortmund wants to stay both competitive on the pitch and disciplined on the balance sheet, even as transfer fees and wages climb across Europe.
3. Fundamentals: what’s behind the BVB share price?
3.1 Revenue, profit and dividend
On a trailing‑twelve‑month basis, BVB’s financial profile looks like this: [11]
- Revenue (TTM): ~€597 million
- Net income (TTM): ~€27.9 million
- Earnings per share (EPS): ~€0.28
- P/E (price/earnings) ratio: ~11–12x based on trailing earnings
- Dividend: €0.06 per share, paid in late November 2025, implying a dividend yield of roughly 1.6–1.8% at current prices. [12]
That puts BVB in a somewhat unusual position for a football club: consistently paying dividends while still generating transfer‑market upside through player trading.
3.2 Recent performance and volatility
Two different lenses tell the story of 2025 so far:
- H1 2025 “winner”: According to data on global football club stocks, BVB shares were up about 25.2% in the first half of 2025, making them the second‑best performer among leading listed clubs behind Benfica. [13]
- Full‑year moderation: By December, BVB is up only around 5–6% year‑to‑date, suggesting a cooling off in the second half of the year. [14]
In other words, BVB’s share has given back part of its early 2025 rally, reflecting both sporting ups and downs (including a recent German Cup exit to Leverkusen) and a more cautious overall market mood. [15]
4. BVB stock forecasts and analyses as of 9 December 2025
Today’s picture for BVB Aktie is shaped by a mix of bullish fundamental analysts and more cautious technical signals.
4.1 Analyst ratings: mostly Buy, with sizeable upside
Several data providers summarise current analyst views as of December 2025:
- Fundamental consensus: One compilation of broker forecasts shows 7 analysts covering BVB — 6 rating it “Buy” and 1 “Hold,” with no “Sell” recommendations. [16]
- Target price vs. today:
- A number of valuations indicate fair value estimates more than 20% above the current share price. [17]
- One AI‑driven platform shows a consensus price target implying around 55% upside from roughly €3.3, categorising BVB as a “Moderate Buy” based on two covering analysts. [18]
- MarketScreener’s broker feed includes repeated “Buy” ratings from Berenberg and Nuways in late 2025, with target prices around €5, which is markedly above today’s €3.3 level. [19]
Taken together, most fundamental analysts see BVB as undervalued relative to its earnings power, European competition exposure and asset base (stadium, brand, playing squad).
4.2 Technical view: Hold/accumulate with short‑term downside risk
On the technical side, today’s commentary from StockInvest paints a more cautious picture: [20]
- As of the close on 8 December 2025, BVB was flagged as a “hold candidate (hold or accumulate)” rather than an outright buy.
- The stock is in a narrow, downward short‑term trend, with both short‑ and long‑term moving averages flashing sell.
- Their model projects a potential –10.4% decline over the next three months, with a probable trading band roughly between €2.85 and €2.99 if the current trend continues.
- For today (9 December), the system expected an intraday range of €3.28–€3.35, very close to what is actually unfolding in the market, and sees an attractive intraday risk/reward profile near support around €3.31.
So, while fundamental analysts focus on upside to fair value, short‑term chart‑based models warn of possible further dips if sentiment remains fragile.
5. How BVB compares with other listed football clubs (global market)
To put BVB Aktie into context, it helps to step back and look at the small but growing universe of listed clubs worldwide.
5.1 Market cap league table: BVB sits firmly in the top tier
According to latest market cap rankings for football clubs, Manchester United, Juventus and Borussia Dortmunddominate the global table: [21]
- 1. Manchester United (NYSE: MANU) – market cap around $2.6–2.9 billion
- 2. Juventus (BIT: JUVE) – market cap close to $1.0–1.1 billion
- 3. Borussia Dortmund (XETR: BVB) – market cap about $0.42–0.43 billion (roughly €0.37–0.40 billion)
- Followed by clubs such as Eagle Football Group (Lyon), Sporting CP, Celtic, Parken Sport (FC Copenhagen), Benfica, Lazio, FC Porto, Brera Holdings and Sporting Braga.
This ranking underlines that BVB is one of the world’s largest publicly traded clubs, even if it is significantly smaller than Manchester United in equity value terms.
5.2 2025 performance “table”: Benfica leads, BVB in the chasing pack
In terms of share price performance in 2025, the story is very uneven. Mid‑year data from Anadolu Agency summarises the first half of 2025 as follows: [22]
- Benfica (SLBEN.LS) – +61.9% in H1 2025
- Borussia Dortmund (BVB) – +25.2%
- Celtic (CCP.L) – +16.4%
- Manchester United (MANU), Juventus (JUVE), Ajax – all posted more modest gains
- Lazio and Porto – actually declined in the first half of the year (Lazio –23.1%, Porto –4.6%).
Since then, Benfica has remained strong, while Dortmund’s rally has cooled, and some Italian and Portuguese names continue to trade under pressure.
5.3 Snapshot today: prices from the football‑stocks “universe”
A dedicated football club stocks page on Investing.com provides real‑time quotes for many of these clubs. As of today’s trading session, price snapshots look roughly like this: [23]
- BVB (Borussia Dortmund): €3.325 (‑0.6% intraday)
- Manchester United (MANU): about $15.3–15.6 per share
- Celtic (CCP): around 194p in London
- Juventus (JUVE): about €2.18–2.22 today, near its 52‑week low after a difficult few years
- Benfica (SLBEN): roughly €5.9–6.0
- Lazio (SSL/LAZI): around €1.1–1.3
- Turkish giants Fenerbahçe, Galatasaray (GS Sportif) and Beşiktaş also trade actively on Borsa Istanbul, often with high daily volatility.
Though these prices move by the minute, the broad pattern is clear: BVB trades in the mid‑cap range – larger than most Portuguese, Danish or Scottish clubs, smaller than Manchester United and Juventus.
6. Comparing club fundamentals: BVB vs Manchester United vs Juventus vs Benfica
6.1 Manchester United: huge brand, persistent losses
Despite its enormous fanbase and commercial reach, Manchester United continues to struggle financially. In September 2025 the club reported its sixth straight annual net loss, about £33 million for the year to June 30, 2025, and guided to slightly lower revenues for fiscal 2026 than the previous year. [24]
Key points:
- Loss‑making but improving: The loss narrowed versus the previous year but still weighs on valuation.
- Cost‑cutting and restructuring: Staff reductions and higher ticket prices point to intense pressure to comply with domestic and UEFA financial rules. [25]
- Share price reaction: The stock fell around 3–4% after that results announcement, reflecting investor scepticism.
Compared with BVB, United has far greater scale but weaker profitability metrics and a more complex ownership/political situation following Jim Ratcliffe’s minority‑control deal.
6.2 Juventus: revenue rebound, but debt and losses linger
For Juventus, 2025 has been about repairing the balance sheet after accounting scandals and European bans: [26]
- Revenue 2025: up roughly 31% year‑on‑year to just over €500 million, helped by a return to the Champions League and participation in an expanded Club World Cup.
- Net loss 2025: reduced to around €58 million, down sharply from the ~€199 million loss in the prior year, but still negative.
- Forward guidance: Management expects only a gradual improvement and talks about approaching break‑even closer to the 2026/27 season.
- Capital increase: A proposed plan of up to €110 million in new equity (with Exor taking a large share) highlights the need for fresh capital.
The share price sits near the bottom of its 52‑week range (around €2.18 vs a recent high above €3.5), showing that equity investors are still cautious, even with better results. [27]
Relative to BVB, Juventus offers higher revenue but continuing losses and capital‑raising risk.
6.3 Benfica and Celtic: transfer‑market smart operators
Benfica has been the standout equity story in 2025:
- By mid‑year, its stock was up about 61.9%, the strongest gain among leading listed clubs, helped by a series of high‑value player sales and interest from institutional investors. [28]
- A stake build‑up by Lenore Sports Partners towards 5.24% added credibility and liquidity to the stock. [29]
Celtic has also pleased shareholders:
- Its share price had gained around 16.4% in the first half of 2025, reflecting strong domestic performance and stable finances. [30]
- Full‑year 2025 results showed revenue around £144 million and net income near £34 million, a big jump from the previous year. [31]
- Analysts put a target price about 13% above the current share price, implying moderate upside. [32]
Compared to these “transfer‑market winners,” BVB might look less explosive in share price terms, but more establishedin terms of dividend history and scale.
6.4 BVB’s niche: sustainability and dividends
A mid‑2025 overview of football stocks described Borussia Dortmund as a model of financial sustainability, emphasising: [33]
- Reliance on youth development and smart player trading
- Regular dividends and a mid‑range market cap that offers liquidity without mega‑cap volatility
- Diversified revenue streams beyond matchday income.
As of today, those points still hold. BVB’s dividend yield around 1.6–1.8%, a moderate P/E, and a manageable market cap put it between the speculative end of the football‑stock spectrum and the more blue‑chip‑like profile of Manchester United.
7. Key risks and drivers for BVB and football stocks in general
Regardless of which badge is on the shirt, all football stocks share some common risks:
- Sporting performance risk
- A bad run of results, missing out on Champions League qualification, or early cup exits can cut tens of millions from revenue and quickly hit the share price. BVB’s recent German Cup elimination is a reminder of that sensitivity. [34]
- Transfer‑market volatility
- Profits often depend heavily on player trading. A couple of mis‑priced deals or injuries can swing a season’s cash flow.
- Regulatory and ownership issues
- Manchester United’s efforts to stay within Premier League and UEFA spending rules, and Juventus’ lingering legal and governance overhangs, show how off‑pitch issues can weigh on valuations. [35]
- Fan sentiment and politics
- Rumours about takeovers (for example at Lazio) or stake‑building by external investors can trigger sharp, sentiment‑driven price moves, even when fundamentals haven’t changed. [36]
For BVB specifically, add:
- The German 50+1 rule, which limits private control and makes large‑scale takeovers less likely – good for club identity, but it also caps some speculative upside. [37]
- Strong competition in the Bundesliga and Europe, meaning sporting success is never guaranteed.
8. What to watch next for BVB shareholders and football‑stock investors
Going into 2026, investors following BVB Aktie and other football stocks will likely focus on:
- European competition qualification and progress
- Deep runs in the Champions League or Europa League can add significant revenue and often drive short‑term rallies, as seen historically with clubs like Benfica and Juventus. [38]
- Transfer windows (winter 2026 and summer 2026)
- For BVB, speculation around players like Nico Schlotterbeck, who is being linked to Barcelona, Real Madrid and Bayern, could affect expectations about future transfer income and squad strength. [39]
- Updated guidance and earnings
- Further clarity on BVB’s 2024/25 and 2025/26 financial outlook, especially around media and commercial revenues, will be key to whether analysts maintain bullish targets. [40]
- Capital structure & investor moves at peers
- Any new capital raises (like Juventus’), stake sales (such as Tether increasing its holding in Juventus), or private‑equity involvement (Bayern’s recent talks with EQT, even if they fell through) are part of a broader trend of external money reshaping European football. [41]
For now, BVB sits in a middle lane:
- Cheaper than many growth stocks, with a real business and a long history of listed trading;
- Less indebted and less crisis‑prone than some rivals;
- But not immune to short‑term setbacks in form, results and technical trading trends.
9. Bottom line: where does BVB Aktie stand today?
Putting everything together for 9 December 2025:
- Price: Around €3.33, modestly down on the day, trading near the middle of its 52‑week range. [42]
- Fundamentals: Profitable on a trailing basis, with nearly €600m in revenue, positive net income and a regular dividend. [43]
- Analyst view: Mostly “Buy” with price targets significantly above today’s level, including some estimates pointing to 20–55% upside if things go right. [44]
- Technical view: Hold/accumulate, with charts suggesting possible short‑term downside within a relatively tight trading band. [45]
- Global ranking: A top‑three football stock by market cap, behind Manchester United and Juventus, and ahead of clubs like Celtic, Benfica, Sporting CP and Lazio. [46]
In the global league table of football equities, BVB looks like a solid, dividend‑paying mid‑cap with:
- less drama than some peers,
- a more conservative financial profile, and
- a fanbase that has effectively become a long‑term shareholder base.
Whether that translates into outperformance in 2026 will depend on the usual mix of goals, transfers and trophies – plus the macro environment that all listed companies share.
Important note
This article is for informational and journalistic purposes only and does not constitute investment advice, recommendation or a solicitation to buy or sell any security. Football club stocks can be volatile and speculative. Always do your own research and consider speaking to a licensed financial adviser before making investment decisions.
References
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