Siemens Aktiengesellschaft
5-year stock timeline
Siemens (SIE.XETRA) is trading at 274.05 as of 28 May 2026. Here's how the company and its stock have evolved from 2020 onwards.
Major events
In July 2020, Siemens Energy was spun off and listed separately on 28 September, fundamentally reshaping the parent company's business and capital structure. Roland Busch took over as CEO in February 2021 and shifted strategy toward digitalization, software and disciplined M&A—building out the Xcelerator industrial-software platform. Between 2022 and 2025, the Russia conflict forced Siemens to exit Russian operations and absorb mark-to-market losses, though the company pressed ahead with major acquisitions (Altair closed in March 2025 for roughly US$10bn, followed by Dotmatics in July 2025) and announced substantial investments in production and digital capabilities.
How investors saw it
The spin-off reframed Siemens in the market's mind: from a sprawling conglomerate to a tighter industrial-technology and automation business. That shift refocused attention on margins and software-driven recurring revenue. For a period, skepticism took hold—partly because Siemens retained some energy-sector exposure and partly because Siemens Energy itself struggled, pushing the stock into value-transition territory rather than pure growth. By 2023–2025, the narrative had evolved. Management's big deals and partnerships were read as a genuine push into industrial software leadership and higher-margin services, with AI increasingly part of the pitch.
Price action
COVID and the restructuring created a sharp drawdown in 2020, followed by recovery as the spin-off completed and provided a fresh starting point. The post-pandemic uptrend of 2021 ran hard into geopolitical and energy shocks in 2022, triggering an extended correction and elevated volatility. From 2023 onward, the chart resumed climbing—supported by positive investor reception to the industrial-software story, the strategic acquisitions, and the investment announcements—reaching today's level.
Key risks and downside factors
Siemens operates across industrial automation, electrification, mobility and medical technology, competing against diversified global players like ABB, Schneider Electric, Honeywell, GE and Alstom [3]. The company's pivot toward software, AI and services means it's now competing on more than hardware alone—increasingly against cloud and analytics providers, which reshapes what margins look like [4]. Geographic exposure, price pressure from regional low-cost competitors, and the execution complexity of large projects combined with supply-chain fragility all materially shape the firm's risk profile [1].
- Large-project execution delays and supply-chain disruptions can push out revenue recognition and lift costs, particularly on infrastructure and mobility contracts.
- Intense competition from ABB, Schneider Electric, Honeywell, and GE is weighing on bidding dynamics and pricing power in core automation and electrification markets, making near-term margin recovery a harder climb [1].
- Shifting the business toward software, AI, and services creates real margin pressure on hardware—the kind that demands sustained R&D spending and selective M&A to offset [4].
- Geopolitical tensions, trade frictions, and shifting regulatory frameworks—export controls, localization mandates, subsidy reallocations—can narrow market access and push compliance costs higher in strategically important regions.
Competitive landscape
Siemens operates in intensely competitive markets. ABB, Schneider Electric, and Honeywell compete directly across industrial automation, electrification, mobility, and healthcare [1][4]. The margin environment is particularly pressured by tender-based bidding and low-cost competitors [6][4]. Large project execution carries real risk, and the company faces regulatory and geopolitical headwinds in power and healthcare segments [4].
| Company | Ticker |
|---|---|
| ABB Ltd | ABBN.SIX |
| Schneider Electric SE | SU.PA |
| Honeywell International Inc. | HON.NYSE |
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Start Free TrialPerformance Figures of Siemens Aktiengesellschaft
Relative Performance vs Benchmarks
| Period | Siemens Aktiengesellschaft | vs DAX | vs S&P 500 (SPY) |
|---|---|---|---|
| 1M | +9.12% | +4.86% | +3.67% |
| 3M | +10.77% | +11.73% | +1.07% |
| 6M | +22.59% | +17.53% | +12.15% |
| 1Y | +28.68% | +24.50% | -0.47% |
| 3Y | +88.83% | +31.85% | +3.16% |
| 5Y | +131.15% | +69.79% | +39.85% |
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Start Free TrialHistorical valuation trends
How the company’s key valuation ratios (P/E, P/S, P/B and P/CF) have evolved over time compared to today.
| Period | P/E Ratio | P/S Ratio | P/B Ratio | P/CF Ratio |
|---|---|---|---|---|
| Current | 27.9 | 2.7 | 3.3 | 18.3 |
| 1Y ago | 17.9 | 2.3 | 3.1 | 14.7 |
| 3Y ago | 21.0 | 1.7 | 2.8 | 12.2 |
| 5Y ago | 21.0 | 1.9 | 2.6 | 10.3 |
Frequently Asked Questions
Where is the Siemens Aktiengesellschaft stock traded?
What does Siemens Aktiengesellschaft do?
What are the key metrics for SIE.XETRA?
How has Siemens Aktiengesellschaft's stock price performed?
How is SIE.XETRA valued?
Does SIE.XETRA pay dividends?
What are the key risks when investing in SIE.XETRA?
- Large-project execution delays and supply-chain disruptions can push out revenue recognition and lift costs, particularly on infrastructure and mobility contracts.
- Intense competition from ABB, Schneider Electric, Honeywell, and GE is weighing on bidding dynamics and pricing power in core automation and electrification markets, making near-term margin recovery a harder climb [web:1].
- Shifting the business toward software, AI, and services creates real margin pressure on hardware—the kind that demands sustained R&D spending and selective M&A to offset [web:4].
- Geopolitical tensions, trade frictions, and shifting regulatory frameworks—export controls, localization mandates, subsidy reallocations—can narrow market access and push compliance costs higher in strategically important regions.
Who are the main competitors of Siemens Aktiengesellschaft?
- ABB Ltd (ABBN.SIX)
- Schneider Electric SE (SU.PA)
- Honeywell International Inc. (HON.NYSE)
When does Siemens Aktiengesellschaft report earnings?
Key Metrics
Valuation Metrics
Profitability Metrics
Growth Metrics
Dividend history
Long-term record of paid dividends (amount per share and dividend yield at the time of payment).
| Year | Dividend | Yield at payment | Avg. yield |
|---|---|---|---|
| 2026 | 5.35 EUR | 2.08% | 3.32% |
| 2025 | 5.20 EUR | 2.29% | |
| 2024 | 4.70 EUR | 2.77% | |
| 2023 | 4.25 EUR | 2.84% | |
| 2022 | 4.00 EUR | 2.76% | |
| 2021 | 3.50 EUR | 2.57% | |
| 2020 | 3.90 EUR | 3.80% | |
| 2019 | 3.80 EUR | 4.22% | |
| 2018 | 3.70 EUR | 3.36% | |
| 2017 | 3.60 EUR | 3.25% | |
| 2016 | 3.50 EUR | 4.29% | |
| 2015 | 3.30 EUR | 3.67% | |
| 2014 | 3.00 EUR | 3.36% | |
| 2013 | 3.00 EUR | 4.10% | |
| 2012 | 3.00 EUR | 4.44% |
Earnings history & estimates
Historical earnings performance shows how consistently the company meets or exceeds analyst expectations. Forward estimates provide insight into expected profitability and growth trajectory.
Historical earnings performance
Upcoming earnings report
Analyst estimates for upcoming periods
Key financial figures
Selected income statement, balance sheet and cash flow figures. Annual and quarterly, based on reported IFRS/GAAP financials.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | 78.91B | 75.93B | 74.88B | 71.98B | 62.27B |
| Operating income (EBIT) | 9.09B | 9.56B | 9.45B | 7.40B | 6.69B |
| Net income | 9.62B | 8.30B | 7.95B | 3.72B | 5.26B |
| Free cash flow | 9.08B | 9.58B | 10.09B | 8.16B | 8.27B |
| Total assets | 166.20B | 147.81B | 145.07B | 151.50B | 139.61B |
| Equity | 62.24B | 51.26B | 47.79B | 48.90B | 44.37B |
| Net debt | 41.52B | 38.76B | 36.51B | 40.17B | 39.16B |
PWP Leeway UG (haftungsbeschränkt)
