Siemens Aktiengesellschaft

XTRA:SIE Stock Report

Market Cap: €133.3b

Siemens Valuation

Is SIE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SIE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SIE (€170.44) is trading below our estimate of fair value (€247.76)

Significantly Below Fair Value: SIE is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for SIE?

Other financial metrics that can be useful for relative valuation.

SIE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.3x
Enterprise Value/EBITDA15.7x
PEG Ratio2.2x

Price to Earnings Ratio vs Peers

How does SIE's PE Ratio compare to its peers?

The above table shows the PE ratio for SIE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.5x
INH INDUS Holding
9.1x16.8%€634.7m
MBB MBB
32.2x33.5%€601.4m
DTG Daimler Truck Holding
7.8x6.1%€30.4b
RHM Rheinmetall
37x26.7%€21.4b
SIE Siemens
18.5x8.5%€133.3b

Price-To-Earnings vs Peers: SIE is good value based on its Price-To-Earnings Ratio (18.5x) compared to the peer average (21.5x).


Price to Earnings Ratio vs Industry

How does SIE's PE Ratio compare vs other companies in the European Industrials Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.3%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.3%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: SIE is good value based on its Price-To-Earnings Ratio (18.5x) compared to the European Industrials industry average (23.5x).


Price to Earnings Ratio vs Fair Ratio

What is SIE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SIE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.5x
Fair PE Ratio25.3x

Price-To-Earnings vs Fair Ratio: SIE is good value based on its Price-To-Earnings Ratio (18.5x) compared to the estimated Fair Price-To-Earnings Ratio (25.3x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SIE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€170.44
€199.68
+17.2%
13.0%€230.00€125.00n/a19
Jul ’25€177.12
€199.68
+12.7%
13.0%€230.00€125.00n/a19
Jun ’25€176.26
€196.79
+11.6%
12.6%€226.00€125.00n/a19
May ’25€175.90
€195.25
+11.0%
13.3%€226.00€124.00n/a20
Apr ’25€176.96
€192.65
+8.9%
13.0%€226.00€124.00n/a20
Mar ’25€181.28
€191.57
+5.7%
12.8%€230.00€124.00n/a21
Feb ’25€166.56
€185.38
+11.3%
13.2%€230.00€124.00n/a21
Jan ’25€169.92
€182.05
+7.1%
13.0%€230.00€124.00n/a21
Dec ’24€156.00
€179.19
+14.9%
12.1%€217.00€124.00n/a21
Nov ’24€125.50
€174.33
+38.9%
12.9%€222.00€122.00n/a21
Oct ’24€135.66
€175.80
+29.6%
12.7%€225.00€122.00n/a20
Sep ’24€137.50
€180.00
+30.9%
9.6%€225.00€147.00n/a19
Aug ’24€150.46
€183.15
+21.7%
13.0%€248.00€130.00n/a20
Jul ’24€152.54
€185.50
+21.6%
13.1%€248.00€130.00€177.1220
Jun ’24€156.68
€180.26
+15.1%
13.5%€245.00€130.00€176.2621
May ’24€148.90
€172.31
+15.7%
12.1%€218.00€126.00€175.9021
Apr ’24€149.26
€170.60
+14.3%
12.2%€218.00€126.00€176.9621
Mar ’24€145.34
€165.93
+14.2%
11.1%€200.00€126.00€181.2821
Feb ’24€143.00
€156.31
+9.3%
11.3%€190.00€120.00€166.5621
Jan ’24€129.64
€151.12
+16.6%
15.8%€190.00€94.00€169.9221
Dec ’23€133.66
€151.52
+13.4%
15.5%€190.00€94.00€156.0022
Nov ’23€112.30
€142.51
+26.9%
21.7%€190.00€74.00€125.5022
Oct ’23€101.20
€148.74
+47.0%
21.7%€200.00€74.00€135.6622
Sep ’23€99.62
€149.92
+50.5%
21.6%€200.00€74.00€137.5022
Aug ’23€107.02
€149.83
+40.0%
21.8%€200.00€68.00€150.4622
Jul ’23€96.00
€160.46
+67.1%
17.0%€207.00€93.53€152.5423

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.