Siemens Limited (SIEMENS) fair value: what the stock is really worth
We calculate from audited financials what Siemens Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Stretched ValuationStrong overvaluation with only moderate quality.
!Fair value ₹746.83 · Strongly overvalued (−81%)
!Quality 63/100
!Expensive Growth(revenue 5y +11.8 %/yr)
!Thin margins · 9.2% net margin (TTM)
✓generates free cash flow
!Mixed vs. peers(7/13)
!Moderate moat48/100
!Insider activity40/100
!Evidence only low, so the estimate is less certain
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
60‑month range ₹987.78 – ₹4,137 · fair‑value band ₹509.09 – ₹1,056 · the ₹3,914 price screens above the ₹746.83 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 18, 2026.
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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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. 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 ₹3,914, while our model-based Fair Value estimate is ₹746.83, implying the stock looks roughly 424.1% 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 ₹3,914 price.
Bear case: the Dividend Discount group reads lowest at ₹198.38, and 26 of the 26 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹509.09 (bear) to ₹1,056 (bull), the price of ₹3,914 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 63/100 (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 ₹1.4T (≈ $14.5B) · P/E ratio 82.3 · P/S ratio 9.97 · EPS (TTM) ₹47.55 · Dividend yield 0.3% · 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 52 out of 100 (low confidence).
What moves the price
The share trades about 1% 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 −46% fair-value upside, at −81%, SIEMENS screens richer than that median.
Fair Value models
Bear ₹509.09Fair Value ₹746.83Bull ₹1,056
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (₹46.20 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.Evidence ⓘEvidence = 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.
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.59/100
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%
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.
+14.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.1%
Dividend (yield on the price)0.3%
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% vs 6%, 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%
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).
+63.4%
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.
+5.9%
Yearly sales growth analysts expect, extended to five years.
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 · 833 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside−81% · Bottom 25%
Profitability
Return on equity (TTM)12% · Above median
Return on assets5% · Above median
Net margin (TTM)9% · Above median
Operating margin (TTM)8% · Above median
Growth and dividend
Revenue growth15% · Above median
Dividend yield (TTM)0.3% · Bottom 25%
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (TTM)82.3× · Priciest 25%
P/B9.41× · Priciest 25%
P/S (TTM)7.22× · Priciest 25%
P/FCF2.3× · Cheaper than median
EV/EBITDA49.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)73· sector 22
PAST (return on equity)47· sector 27
HEALTH (low debt)0· sector 96
DIVIDEND (yield)6· sector 24
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 Sep 18, 2026, our model estimates a fair value of ₹746.83 versus a price of ₹3,914, about −81% upside (overvalued).
What is the fair value of SIEMENS?
Our model-based fair value for Siemens Limited is ₹746.83 (as of Sep 18, 2026), built from audited fundamentals. The current price: ₹3,914.
What is the quality score of SIEMENS?
Siemens Limited has a Quality Score of 63/100. 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 ₹746.83 (as of Sep 18, 2026) from 26 valuation models. Cautious scenario ₹509.09, optimistic scenario ₹1,056. 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 ₹746.83, about −81% upside versus a price of ₹3,914 (overvalued). Cautious scenario ₹509.09, optimistic scenario ₹1,056. 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 ₹172B (latest available figure, as of Sep 18, 2026).
Does Siemens Limited pay a dividend?
Siemens Limited currently shows a dividend yield of about 0.32% relative to its recent price (as of Sep 18, 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 +63.4 % per year for five years (discount rate 10.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.8 % per year. As of Sep 18, 2026.
What discount rate (WACC) does the fair value of SIEMENS use?
Our models discount Siemens Limited at 10.8 %: a base by market capitalisation (large), damped by beta 0.63, 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 +63.4 % per year a year over ten years, using the same discount rate (10.8 %) 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 +63.4 % 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 +4.6 % a year. That is the yardstick for the growth priced into Siemens Limited (+63.4 % 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 0.41 %: that much free cash flow Siemens Limited produces per unit of market value. When it exceeds the discount rate of our models (10.8 %), 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 ₹746.83 per share (as of Sep 18, 2026), against a price of ₹3,914. 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 Sep 18, 2026, SIEMENS trades above its calculated fair value: price ₹3,914, fair value ₹746.83, a gap of about −81% (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 (₹3,914); the fair value is what the company's own numbers justify (₹746.83). For Siemens Limited the two are ₹3,167 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 ₹1.4T (market capitalisation, as of Sep 18, 2026). Per share that is ₹3,914; our models calculate a fair value of ₹746.83 per share.
What do the bullish and bearish scenarios say about SIEMENS?
Our models span a range for Siemens Limited: cautious scenario ₹509.09, base ₹746.83, optimistic ₹1,056 per share (as of Sep 18, 2026, price ₹3,914). 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 82.3 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹746.83 is built from several models across several years. Other multiples: P/B 9.4, P/S 7.2, EV/EBITDA 49.2.
How solid is the balance sheet of Siemens Limited (SIEMENS)?
Balance-sheet figures for Siemens Limited (as of Sep 18, 2026): return on equity 11.8%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is SIEMENS from its 52-week high?
Siemens Limited trades at ₹3,914, about 1% below its 52-week high of ₹3,937 and 38% above the low of ₹2,826 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of ₹746.83 is for.
Which stocks are comparable to Siemens Limited?
From the same area (Industrials) we also value GE Vernova Inc, SIE, 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 Sep 18, 2026: price ₹3,914, calculated fair value ₹746.83 (−81%), Quality Score 63/100, 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 ₹746.83, 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 16.1 % 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 Sep 18, 2026 was ₹3,914. Our model-based fair value is ₹746.83, about −81% upside (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 (₹1,056). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹509.09 to ₹1,056) 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 ₹1.4T (≈ $14.5B). 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 9.97 (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 ₹47.55 (price ÷ EPS = P/E 82.3). 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 0.3% (payout 26.7%). 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 8.0% (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 +14.6% 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 −36.4% 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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