Siemens Limited (SIEMENS) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Siemens Limited stock ₹1,335, price ₹3,432, that is 61.1% below the price, quality 67 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range ₹987.78 – ₹4,137 · fair‑value band ₹912.19 – ₹1,885 · the ₹3,432 price screens above the ₹1,335 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Siemens Limited, a technology company, engages in industry, infrastructure, and mobility business in India and internationally. The company operates through Smart Infrastructure, Mobility, Digital Industries, and Portfolio Companies segments.
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The Smart Infrastructure segment supplies products, systems, solutions, and services for transmission and distribution of electrical energy for power utilities, industrial companies, and infrastructure segments.
This segment offers systems for low and medium voltage distribution; solutions for smart grids and energy automation; and low voltage power supply systems, as well as intelligent and connected infrastructure for grids and buildings.
The Mobility segment provides solutions for passenger and freight transportation, including rail vehicles, rail automation systems, rail electrification systems, turnkey systems, and related services.
The Digital Industries segment offers products for automation and digitalization of discrete, hybrid, and process industries.
This segments portfolio consists of industrial software and automation, and drive technology products for optimizing manufacturing value chain, covering product design, production planning, engineering, execution, and customer services.
The Portfolio Companies segment supplies products and services of low-voltage motors. The company engages in the lease rental business. It also installs industrial machinery and equipment. The company was formerly known as Siemens India Limited and changed its name to Siemens Limited in March 1987.
Siemens Limited was founded in 1867 and is based in Mumbai, India.
Stock analysis
Siemens Limited (SIEMENS) currently trades at ₹3,432, while our model-based Fair Value estimate is ₹1,335, 61% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹1,115 per share, and 0 of the 26 models we run sit above the ₹3,432 price.
Bear case: the Dividend Discount group reads lowest at ₹154.52, and 26 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ₹912.19 (bear) to ₹1,885 (bull), the price of ₹3,432 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Siemens Limited reported revenue of ₹174B in FY2025 versus ₹132B in FY2021, a compound +7.1%/yr. Reported net income was ₹21.0B in FY2025, compounding +17.9%/yr from FY2021.
Key figures
Market cap ₹1.2T (≈ $12.9B) Large · P/E ratio 84.1 · P/S ratio 10.2 · EPS (TTM) ₹40.79 · Dividend yield 0.4% · Net margin 12.1% · Return on equity 11.8% · Return on assets (EBIT) 14.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 72 out of 100 (medium confidence).
What moves the price
The share trades about 17% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −47% fair-value upside, at −61%, SIEMENS screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹154.52 to ₹1,359). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear₹912.19Fair Value ₹1,335Bull₹1,885
Price ₹3,432 · Downside -61.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (₹40.79 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF₹348.01₹425.58₹532.6380
Growth DCF₹349.04₹416.10₹502.6277
Owner Earnings₹416.79₹527.57₹680.4675
All 26 models by family
DCF Models
FCF DCF₹348.01₹425.58₹532.6380
Owner Earnings₹416.79₹527.57₹680.4675
5Y Revenue Exit₹506.77₹741.84₹1,04770
5Y EBITDA Exit₹550.70₹824.64₹1,14972
5Y P/E Exit₹755.85₹1,211₹1,69768
10Y Revenue Exit₹428.99₹618.57₹881.7464
10Y EBITDA Exit₹466.97₹672.33₹954.1566
10Y P/E Exit₹589.24₹923.33₹1,34661
Earnings-Based
Graham-Dodd₹401.79₹1,301₹1,73764
Lynch FV₹289.94₹414.20₹538.4661
PEG = 1.0₹289.94₹414.20₹538.4657
EPV₹451.15₹488.57₹520.0470
Dividend Discount
Gordon GGM₹96.52₹178.40₹251.1567
DDM Multi-Stage₹96.52₹154.52₹190.0567
Multiples
P/E Multiple₹930.62₹1,241₹1,55163
P/S Multiple₹731.39₹975.19₹1,21958
P/B Multiple₹1,020₹1,359₹1,69955
EV/EBIT₹801.55₹1,008₹1,21463
EV/EBITDA₹736.85₹921.36₹1,10664
EV/Revenue₹624.57₹813.67₹1,00352
Asset-Based
NCAV (Graham)₹159.07₹241.02₹301.2752
Growth DCF
Growth DCF₹349.04₹416.10₹502.6277
Rev-Margin DCF₹506.77₹737.12₹1,00370
Economic Profit
Residual Income₹362.60₹449.05₹636.7875
ROIC Compounder₹465.41₹528.98₹601.5570
Growth Earnings
Growth-Adj P/E₹780.23₹1,115₹1,44967
The fair value above starts from this blend and is adjusted for a year distorted by one-off effects.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−21.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.8%
Start year 2020 (pandemic). Over 10 years: +6.6% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.2%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+14.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.1%
Dividend (yield on the price)0.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.14.1% vs 6.0%, picking up
Profit margin 2004 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11% → 10%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+59.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+12.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +53.2% a year for the price and +7.9% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Specialty Industrial Machinery · 807 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside−61.1% · Below median
Profitability
Return on equity (12 months)11.8% · Above median
Return on assets10.5% · Top 25%
Net margin (12 months)19.0% · Top 25%
Operating margin (12 months)7.5% · Above median
Growth and dividend
Revenue growth (quarter YoY)14.8% · Above median
Dividend yield (12 months)0.4% · Bottom 25%
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (12 months)84.1× · Priciest 25%
P/B9.24× · Priciest 25%
P/S (12 months)7.03× · Priciest 25%
Price / free cash flow214.2× · Priciest 25%
EV/EBITDA64.5× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)74· sector 31
PAST (return on equity)47· sector 28
HEALTH (low debt)0· sector 96
DIVIDEND (yield)7· sector 29
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Siemens Limited Fair Value". https://www.fairvalue-calculator.com/stock/SIEMENS
Frequently asked questions
Is Siemens Limited (SIEMENS) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of ₹1,335 versus a price of ₹3,432, about 61% lower (overvalued).
What is the fair value of SIEMENS?
Our model-based fair value for Siemens Limited is ₹1,335 (as of Nov 5, 2026), built from audited fundamentals. The current price: ₹3,432.
What is the quality score of SIEMENS?
Siemens Limited has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Siemens Limited (SIEMENS)?
Our model-based price target is the fair value of ₹1,335 (as of Nov 5, 2026) from 26 valuation models. Cautious scenario ₹912.19, optimistic scenario ₹1,885. It is a calculation from audited fundamentals, not an analyst target.
What is the Siemens Limited stock forecast for 2026?
Our models put fair value at ₹1,335, about 61% lower versus a price of ₹3,432 (overvalued). Cautious scenario ₹912.19, optimistic scenario ₹1,885. The calculation is refreshed regularly with new filings.
What is the revenue of Siemens Limited (SIEMENS)?
Siemens Limited reported trailing-twelve-month revenue of about ₹174B (latest available figure, as of Nov 5, 2026).
Does Siemens Limited pay a dividend?
Siemens Limited currently shows a dividend yield of 0.37% relative to its recent price (as of Nov 5, 2026).
What growth is priced into Siemens Limited (SIEMENS)?
For today's price to be fair in a discounted-cash-flow model, Siemens Limited would have to grow free cash flow by +59.5 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.8 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of SIEMENS use?
Our models discount Siemens Limited at 10.6 %: a base by market capitalisation (large), damped by beta 0.57, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Siemens Limited that is +59.5 % per year a year over ten years, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Siemens Limited (SIEMENS) delivered so far?
Over the past 5 years revenue at Siemens Limited grew +11.8 % a year. The price currently implies +59.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Siemens Limited (SIEMENS) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into Siemens Limited (+59.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Siemens Limited (SIEMENS)?
The free-cash-flow yield on the price is 0.47 %: that much free cash flow Siemens Limited produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Siemens Limited (SIEMENS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Siemens Limited it is ₹1,335 per share (as of Nov 5, 2026), against a price of ₹3,432. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Siemens Limited stock overvalued or undervalued in 2026?
As of Nov 5, 2026, SIEMENS trades above its calculated fair value: price ₹3,432, fair value ₹1,335, a gap of about −61% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SIEMENS?
No. The price is what the market pays today (₹3,432); the fair value is what the company's own numbers justify (₹1,335). For Siemens Limited the two are ₹2,097 per share apart. That gap is exactly why we show both numbers side by side.
How much is Siemens Limited worth?
The market values Siemens Limited at about ₹1.2T (market capitalisation, as of Nov 5, 2026). Per share that is ₹3,432; our models calculate a fair value of ₹1,335 per share.
What do the bullish and bearish scenarios say about SIEMENS?
Our models span a range for Siemens Limited: cautious scenario ₹912.19, base ₹1,335, optimistic ₹1,885 per share (as of Nov 5, 2026, price ₹3,432). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SIEMENS?
Siemens Limited trades at a price-to-earnings ratio of 84.1 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,335 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 72.4 (reported for FY2025: 58.1). Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 31.8. Other multiples: P/B 9.2, P/S 7.0, EV/EBITDA 64.5.
How solid is the balance sheet of Siemens Limited (SIEMENS)?
Balance-sheet figures for Siemens Limited (as of Nov 5, 2026): return on equity 11.8%. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is SIEMENS from its 52-week high?
Siemens Limited trades at ₹3,432, about 17% below its 52-week high of ₹4,114 and 20% above the low of ₹2,855 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,335 is for.
Which stocks are comparable to Siemens Limited?
From the same area (Industrials) we also value SIE, GE Vernova Inc, Eaton Corporation, Parker-Hannifin Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Siemens Limited stock attractive at the current price?
The data as of Nov 5, 2026: price ₹3,432, calculated fair value ₹1,335 (−61%), Quality Score 67/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SIEMENS calculated?
We run Siemens Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹1,335, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Siemens Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Siemens Limited (SIEMENS)?
The closing price on Nov 5, 2026 was ₹3,432. Our model-based fair value is ₹1,335, about 61% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Siemens Limited right now?
The price sits above even our optimistic bull case (₹1,885). The favourable scenario is already priced in. Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹912.19 to ₹1,885) leaves room in how you read the outcome.
Where does the earnings growth of Siemens Limited (SIEMENS) come from?
Earnings per share at Siemens Limited grew +4.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +8.1 %, EBIT margin −1.6 %, tax rate +0.4 %, residual (interest, one-offs) −2.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Siemens Limited
How large is the market capitalisation of Siemens Limited (SIEMENS)?
The market capitalisation of Siemens Limited is ₹1.2T (≈ $12.9B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Siemens Limited (SIEMENS)?
The price-to-sales ratio of Siemens Limited is 10.2 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Siemens Limited (SIEMENS)?
Earnings per share at Siemens Limited are ₹40.79 (price ÷ EPS = P/E 84.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Siemens Limited (SIEMENS)?
The dividend yield of Siemens Limited is 0.4% (payout 31.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Siemens Limited (SIEMENS)?
The net margin of Siemens Limited is 12.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Siemens Limited (SIEMENS)?
The return on equity (ROE) of Siemens Limited is 11.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Siemens Limited (SIEMENS)?
On an EBIT basis the return on assets of Siemens Limited is 14.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Siemens Limited (SIEMENS)?
The operating margin of Siemens Limited is 7.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Siemens Limited (SIEMENS)?
Revenue at Siemens Limited is growing +14.8% versus a year earlier (3y avg +2.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Siemens Limited (SIEMENS)?
Earnings per share at Siemens Limited are growing +406% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Siemens Limited (SIEMENS) hold?
Siemens Limited holds more cash than debt, ₹65.3B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Nov 5, 2026