Risk-free rate for simplified capitalised earnings method

January 2015

The German Federal Ministry of Finance (BMF) announced on 2 January 2015 the risk-free rate for use of the simplified capitalised earnings method (Ertragswertverfahren) for valuations compiled as of 1 January 2015 onwards. The new rate is 0.99%.

The rate has changed as follows over the last five years:

YearRisk-free rate
20142,59%
20132,04%
20122,44%
20113,43%
20103,98%