Siemens AG (WAR:SIE) Cyclically Adjusted PS Ratio: 2.85 (As of Aug. 13, 2026) — 123% Above Median

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WAR:SIE Siemens AG WAR:SIE
83 GF Score
Price zł1,229.40
GF Value zł932.77
! 8 Warning Signs
View Full Analysis

What is Siemens AG Cyclically Adjusted PS Ratio?

Siemens AG WAR:SIE 83 Cyclically Adjusted PS Ratio is 2.85 as of Aug. 13, 2026, which is 123% above its 10-year median of 1.28. GuruFocus rates WAR:SIE with a GF Score™ of 83/100 and a GF Value™ of zł932.77. The stock has 8 warning signs investors should review. Among 2,291 Industrial Products companies, Siemens AG ranks worse than 63.2% on this metric.

As of today (2026-08-13), Siemens AG's current share price is zł1229.40. Siemens AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was zł431.24. Siemens AG's Cyclically Adjusted PS Ratio for today is 2.85.

The historical rank and industry rank for Siemens AG's Cyclically Adjusted PS Ratio or its related term are showing as below:

WAR:SIE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.65   Med: 1.28   Max: 2.73
Current: 2.71

During the past years, Siemens AG's highest Cyclically Adjusted PS Ratio was 2.73. The lowest was 0.65. And the median was 1.28.

WAR:SIE's Cyclically Adjusted PS Ratio is ranked worse than
63.2% of 2291 companies
in the Industrial Products industry
Industry Median: 1.81 vs WAR:SIE: 2.71

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Siemens AG's adjusted revenue per share data for the three months ended in Jun. 2026 was zł114.811. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is zł431.24 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Siemens AG  (WAR:SIE) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Siemens AG Cyclically Adjusted PS Ratio Related Terms


Siemens AG Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Siemens AG's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Siemens AG Cyclically Adjusted PS Ratio Chart

Siemens AG Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.53 1.02 1.32 1.76 2.20

Siemens AG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.09 2.20 2.31 1.97 2.70

WAR:SIE vs GEV, ETN, PH: Cyclically Adjusted PS Ratio Comparison

For the Specialty Industrial Machinery subindustry, Siemens AG's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Siemens AG Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Siemens AG's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Siemens AG's Cyclically Adjusted PS Ratio falls into.


WAR:SIE
83GF Score
Siemens AG WAR:SIE
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Siemens AG Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Siemens AG's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1229.40/431.24
=2.85

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Siemens AG's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Siemens AG's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=114.811/131.3638*131.3638
=114.811

Current CPI (Jun. 2026) = 131.3638.

Siemens AG Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 112.472 101.017 146.260
201612 92.229 101.217 119.699
201703 97.175 101.417 125.869
201706 107.462 102.117 138.240
201709 119.239 102.717 152.493
201712 105.771 102.617 135.401
201803 111.733 102.917 142.616
201806 108.332 104.017 136.813
201809 119.960 104.718 150.485
201812 105.924 104.217 133.515
201903 39.748 104.217 50.102
201906 74.016 105.718 91.972
201909 82.295 106.018 101.970
201912 68.838 105.818 85.457
202003 69.575 105.718 86.453
202006 67.922 106.618 83.687
202009 83.227 105.818 103.319
202012 79.007 105.518 98.360
202103 80.352 107.518 98.173
202106 88.955 108.486 107.714
202109 94.741 109.435 113.726
202112 85.679 110.384 101.964
202203 86.191 113.968 99.347
202206 88.033 115.760 99.899
202209 95.658 118.818 105.759
202212 89.634 119.345 98.661
202303 96.909 122.402 104.004
202306 91.436 123.140 97.542
202309 102.465 124.195 108.380
202312 90.544 123.773 96.097
202403 93.848 125.038 98.596
202406 95.264 125.882 99.413
202409 108.166 126.198 112.594
202412 90.365 127.041 93.440
202503 100.132 127.779 102.941
202506 105.361 128.412 107.783
202509 119.049 129.255 120.991
202512 106.483 129.361 108.132
202603 108.679 131.258 108.766
202606 114.811 131.364 114.811

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 2.85 mean?
Siemens AG (WAR:SIE) has a Cyclically Adjusted PS Ratio of 2.85 as of Aug. 13, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Siemens AG and its competitors. This is 123% above median its historical median of 1.28. Over the past decade, Siemens AG's Cyclically Adjusted PS Ratio has ranged from 0.65 to 2.73. According to the industry distribution chart, Siemens AG ranks #1448 out of 2291 companies in the Industrial Products industry, placing it in the top 63.2%.
Is Siemens AG's Cyclically Adjusted PS Ratio too high?
Siemens AG's current Cyclically Adjusted PS Ratio of 2.85 is 123% above median its 10-year median of 1.28. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 2.73. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.81. Siemens AG's value of 2.85 is 57.5% above this industry median. Based on the distribution chart, Siemens AG ranks #1448 out of 2291 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Siemens AG has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Siemens AG's Cyclically Adjusted PS Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Siemens AG ranks #1448 out of 2291 companies for Cyclically Adjusted PS Ratio. This places Siemens AG in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.81. Siemens AG's value of 2.85 is 57.5% above this benchmark. Historically, Siemens AG's own Cyclically Adjusted PS Ratio has ranged from 0.65 to 2.73 over the past decade. While the company's 10-year median is 1.28 vs. the industry median of 1.81, Siemens AG has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.81, based on 2,291 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Siemens AG's current Cyclically Adjusted PS Ratio of 2.85 is 57.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Siemens AG and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Siemens AG's current Cyclically Adjusted PS Ratio is 2.85, which is 123% above median its own 10-year median of 1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siemens AG stock overvalued right now?
Siemens AG (WAR:SIE) has a current Cyclically Adjusted PS Ratio of 2.85. The stock's GF Value™ is zł932.77, compared to a current price of zł1,229.40 — trading 31.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.85, which is 123% above median its 10-year median of 1.28 and 57.5% above the Industrial Products industry median of 1.81. Siemens AG's overall GF Score™ is 83/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Siemens AG (WAR:SIE), the current Cyclically Adjusted PS Ratio is 2.85 as of Aug. 13, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Siemens AG (WAR:SIE) Overvalued in 2026?

Based on GuruFocus' analysis, Siemens AG stock appears to be overvalued. The current stock price of zł1,229.40 is trading 31.8% above its estimated GF Value™ of zł932.77.

Key valuation signals for WAR:SIE:

  • Cyclically Adjusted PS Ratio: 2.85 (123% above median its 10-year median of 1.28)
  • GF Value™: zł932.77 vs. price of zł1,229.40 (31.8% above fair value)
  • GF Score™: 83/100 with 8 warning signs
  • Industry Position: 57.5% above the Industrial Products median (#1448 of 2291)

No single metric tells the full story. See the WAR:SIE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Siemens AG Business Description

Address Werner-von-Siemens-Street 1, Munich, BY, DEU, 80333
Siemens is a multi-industry company focused on the areas of automation, electrification, mobility, and healthcare. Its top three geographic regions—the United States, Germany, and China—contribute over half of group revenue. Siemens has a 71% investment in separately listed Siemens Healthineers. Recent portfolio activity included the listing of Siemens Energy, spinning out its power and gas and Siemens Gamesa business divisions in 2020.
83GF Score

Get the complete analysis for WAR:SIE

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł1,229.40
Price
zł932.77
GF Value