Siemens Aktiengesellschaft
5-year stock timeline
Siemens (SIE.XETRA) — latest price 256.8 (as of 2026-05-20).
Major events
In 2020, Siemens completed the formation and public listing of Siemens Energy as part of a structural separation, marking a deliberate shift toward a leaner operating model. Roland Busch took over as President and CEO in February 2021, and the company signaled a strategic pivot at its June 2021 Capital Market Day while raising guidance on the back of a strong fiscal start. Through 2023 and 2024, Siemens systematically transferred its Siemens Energy stake to its pension trust—6.8% in June 2023 and a further 8% in December 2023—materially reducing direct exposure, while simultaneously committing to multi-billion investment initiatives aimed at growth and operational resilience.
Investor narrative
The market's reading of Siemens shifted between 2020 and 2021 from conglomerate restructuring toward a tighter *technology and industrial digitalisation* thesis following the energy spin-off and the 2021 Capital Market Day messaging. Sentiment turned more complicated from 2022 through 2024 as Siemens Energy's operational strain and financing events (recapitalisation and guarantee actions within the broader Energy and Gamesa ecosystem) created governance and valuation questions that bled into perceptions of the group itself. By 2024–2026, the public narrative has increasingly centered on portfolio simplification, industrial software and automation investments, and dependable cash generation—positioning Siemens as a *steady industrial compounder* with selective, disciplined growth exposure.
Key technical phases
The 2020 period saw pronounced pandemic-era swings and an initial sharp decline around early macro shocks, followed by recovery as restructuring milestones came into view later in the year. A sustained uptrend through 2020 and 2021 drew strength from operational beats and raised guidance, with multiple breakout phases following the Capital Market Day and early fiscal results. From 2022 into 2023, the stock moved sideways with episodic selloffs tied to Siemens Energy headlines, stake transfers and sector uncertainty, punctuated by retests of key support levels.
Key risks and downside factors
Siemens operates across industrial automation, energy, mobility and healthcare, competing directly with global heavyweights like ABB, Schneider Electric and General Electric. The competitive advantage goes to whoever can scale fastest, integrate electrification and digital capabilities, and own the overlaps—grid, automation, rail—where established players leverage their global service networks to compound their reach. The business carries real cyclicality risk tied to industrial capex spending, supply-chain friction and raw-material swings, plus regulatory and geopolitical exposure. And there's pressure from software-first competitors who are gradually eroding margins in spaces where Siemens still thinks in hardware terms.
- Cyclical industrial-capex exposure means downturns in manufacturing, utilities, or transport can crimp order intake and leave earnings visibility thin [5].
- Supply-chain and commodity risk: Shortages or rising costs of semiconductors, steel, and copper can delay projects and compress margins.
- Regulatory and geopolitical friction—export controls, tariffs, local content requirements in energy and mobility—can upend contracts and pile on compliance costs without warning.
- Competitive and technological disruption can chip away at pricing power—large diversified rivals and software-first automation firms tend to force the hand on R&D spending [1].
Competitive landscape
Siemens operates across electrification, industrial automation, mobility and healthcare, where it faces established competitors like ABB, Schneider Electric and GE alongside specialized automation vendors and regional low-cost players. The company is moving toward software and platform-based industrial solutions—Xcelerator and MindSphere being the main pushes—which shifts the competitive landscape to include cloud providers, analytics firms, and software-first companies that weren't traditional rivals before. What matters more for the downside: industrial demand swings with the cycle, large projects carry execution and integration risk, pricing gets relentless from global competitors, and operating in critical infrastructure means regulatory and geopolitical exposure that can move quickly.
| Company | Ticker |
|---|---|
| General Electric Company | GE.NYSE |
| 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 | +5.88% | +5.64% | +2.35% |
| 3M | +6.76% | +9.03% | -0.73% |
| 6M | +19.67% | +13.68% | +7.70% |
| 1Y | +18.00% | +16.17% | -7.18% |
| 3Y | +72.76% | +22.38% | -9.38% |
| 5Y | +115.07% | +56.52% | +25.74% |
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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 | 26.1 | 2.5 | 3.1 | 17.2 |
| 1Y ago | 18.0 | 2.3 | 3.1 | 14.7 |
| 3Y ago | 21.4 | 1.7 | 2.8 | 12.5 |
| 5Y ago | 21.5 | 1.9 | 2.7 | 10.6 |
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?
- Cyclical industrial-capex exposure means downturns in manufacturing, utilities, or transport can crimp order intake and leave earnings visibility thin [web:5].
- Supply-chain and commodity risk: Shortages or rising costs of semiconductors, steel, and copper can delay projects and compress margins.
- Regulatory and geopolitical friction—export controls, tariffs, local content requirements in energy and mobility—can upend contracts and pile on compliance costs without warning.
- Competitive and technological disruption can chip away at pricing power—large diversified rivals and software-first automation firms tend to force the hand on R&D spending [web:1].
Who are the main competitors of Siemens Aktiengesellschaft?
- General Electric Company (GE.NYSE)
- 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)
