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SIE Fair Value & Analysis

Industrials · DE · Market cap €208B

S SIE SIE · XETRA
Price€273.10
Fair Value€139.77
Upside-48.8%
Quality58/100
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Healthy Growth
Thin margins · 9.7% net margin
Moderate debt · generates free cash flow
1.95% dividend yield
Mixed vs. peers (7/15)
Moderate moat 51/100
Evidence: Medium Range €88.95 – €258.65 Share as image

Fair value as of: Jul 13, 2026

From 24 valuation models · updated 25 days ago

Fair value updated Jul 13, 2026, revised from €140.38 to €139.77 (−0.4%) since Jun 24, 2026. Share price +1.3% over the past month.

A solid business, but screening 49% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€258.65). The favourable scenario is already priced in.
  • The model range is unusually wide (€88.95 to €258.65). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

€287.45 €84.73 Fair Value €139.77 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range €84.73 – €287.45 · fair‑value band €88.95 – €258.65 · the €273.10 price screens above the €139.77 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

SIE (SIE) currently trades at €273.10, while our model-based Fair Value estimate is €139.77, implying the stock looks roughly 48.8% overvalued today. We read business quality at 58/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, SIE generated revenue of €79.7B at a net margin of 9.7%. It earns a return on equity of 12.6%. Net debt stands at €41.5B. The stock trades on a trailing P/E of 27.9. Fundamentals as of Jul 13, 2026

Our scenario range runs from €88.95 (bear case) to €258.65 (bull case); at €273.10, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 2% below its 52-week high and 38% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -49%, SIE screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF €96.19 €145.17 €231.75 80
Residual Income €86.63 €111.31 €297.51 76
Rev-Margin DCF €73.63 €124.25 €186.25 74
All 24 models by family
DCF Models
FCF DCF €90.72 €140.71 €235.94 38
Owner Earnings €111.53 €169.69 €280.50 31
5Y Revenue Exit €73.63 €122.10 €191.12 39
5Y EBITDA Exit €97.60 €163.08 €247.83 41
5Y P/E Exit €114.00 €191.12 €280.73 38
10Y Revenue Exit €75.73 €119.89 €170.57 36
10Y EBITDA Exit €93.94 €147.66 €209.17 37
10Y P/E Exit €104.27 €166.66 €231.56 35
Earnings-Based
Graham-Dodd €85.76 €150.70 €185.02 54
EPV €49.90 €65.15 €78.71 59
Dividend Discount
Gordon GGM €51.62 €67.15 €83.50 70
DDM Multi-Stage €51.62 €71.36 €96.30 61
Multiples
P/E Multiple €189.19 €252.25 €315.31 63
P/S Multiple €160.81 €214.41 €268.01 58
P/B Multiple €160.81 €214.41 €268.01 55
EV/EBIT €124.41 €178.05 €231.69 53
EV/EBITDA €123.03 €176.21 €229.39 54
EV/Revenue €71.96 €118.45 €164.94 43
Asset-Based
NCAV (Graham) €40.80 €54.68 €81.61 50
Growth DCF
Growth DCF €96.19 €145.17 €231.75 80
Rev-Margin DCF €73.63 €124.25 €186.25 74
Economic Profit
Residual Income €86.63 €111.31 €297.51 76
ROIC Compounder €49.90 €65.15 €78.71 72
Growth Earnings
Growth-Adj P/E €133.84 €191.20 €248.56 68

Widest divergence: Growth Earnings (€191.20) versus Asset-Based (€54.68). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) €79.7B
Net margin 9.7%
Return on equity 12.6%
Free cash flow €9.1B FY2025
P/E ratio 27.9
Operating margin 12.7%
More key figures
EPS (TTM) €9.66
Dividend yield 2.0%
EPS growth (YoY) -8.6%
Net debt €41.5B FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 57 · Market factors (momentum, volatility) 57

Profitability 44
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 52
Price trend over the last 3–12 months (market factor)
52W Momentum 73
Distance to the 52-week high (market factor)
Net Issuance 88
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Siemens Aktiengesellschaft, a technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia. It operates through Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services (SFS) segments.

Full company description

Siemens Aktiengesellschaft, a technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia. It operates through Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, and Siemens Financial Services (SFS) segments. The Digital Industries segment provides automation systems and software for factories, numerical control systems, servo motors, drives and inverters, and integrated automation systems for machine tools and production machines; process control systems, machine-to-machine communication products, sensors and radio frequency identification systems; production and product lifecycle management software, and simulation and testing of mechatronic system. The Smart Infrastructure segment offers products, systems, solutions, services, and software to support sustainable transition from fossil and renewable energy sources; sustainable buildings and communities; and buildings, electrification, and electrical products. The Mobility segment provides rail passenger and freight transportation, such as metro systems, trams and light rail, and commuter trains, as well as trains and passenger coaches; locomotives and solutions for automated transportation and leasing; products and solutions for rail automation and electrification; maintenance and digital services; and digital and cloud-based solutions, and related services. The Siemens Healthineers segment develops, manufactures, and sells various diagnostic and therapeutic products and services; and provides clinical consulting and training services. The Siemens Financial Services segment offers debt and equity investments; leasing, lending, and working capital; structured, equipment, and project financing; and financial advisory services. The company was founded in 1847 and is headquartered in Munich, Germany.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SIE reported revenue of €78.9B in FY2025 versus €62.3B in FY2021, a compound +6.1%/yr. Reported net income was €9.6B in FY2025, compounding +16.3%/yr from FY2021.

Growth Quality 80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
€78.9B
Latest YoY
+3.9%
Avg. growth/yr (3Y)
+3.1%
Avg. growth/yr (5Y)
+7.4%
Avg. growth/yr (26Y)
+0.5%
Revenue +6.1%/yr
FY21 €62.3B
FY22 €72.0B
FY23 €74.9B
FY24 €75.9B
FY25 €78.9B
Net income +16.3%/yr
FY21 €5.3B
FY22 €3.7B
FY23 €7.9B
FY24 €8.3B
FY25 €9.6B

SIE screens 49% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "SIE Fair Value". https://www.fairvalue-calculator.com/stock/SIE

Peer Group

Specialty Industrial Machinery · 808 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 58 · Above median
Fair Value upside −49% · Below median
Return on equity (TTM) 13% · Above median
Return on assets 4% · Above median
Net margin (TTM) 10% · Above median
Operating margin (TTM) 13% · Above median
Revenue growth 0% · Below median
Dividend yield (TTM) 2.0% · Above median
Debt / equity 0.68× · Higher than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 28.2× · Cheaper than median
P/B 3.86× · Pricier than median
P/S (TTM) 3.01× · Pricier than median
P/FCF 26.4× · Pricier than 75% of peers
EV/EBITDA 22.6× · Pricier than median
PEG 5.35× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 0 · sector 23
PAST 50 · sector 28
HEALTH 66 · sector 96
DIVIDEND 39 · sector 24

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €887.60 €186.93 -79%
1SIE 1SIE €273.20 €91.93 -66%
SMNS SMNS C$31.76 C$22.68 -29%
Eaton Corporation ETN $407.28 $171.92 -58%
Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is SIE overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of €139.77 versus a price of €273.10, about −49% (overvalued).
What is the fair value of SIE?
Our model-based fair value for SIE is €139.77 (as of Jul 13, 2026), built from audited fundamentals. The current price is €273.10.
What is the quality score of SIE?
SIE has a Quality Score of 58/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of SIE?
SIE reported trailing-twelve-month revenue of about €79.7B (latest available figure, as of Jul 13, 2026).
What is the net profit margin of SIE?
The net profit margin of SIE is about 9.7%, meaning it keeps roughly 9.7% of revenue as net income. Based on the latest reported figures.
Does SIE pay a dividend?
SIE currently shows a dividend yield of about 1.97% relative to its recent price (as of Jul 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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