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Siemens AG (MEX:SIE N) E10 : MXN190.57 (As of Mar. 2025)


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What is Siemens AG E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Siemens AG's adjusted earnings per share data for the three months ended in Mar. 2025 was MXN62.370. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN190.57 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Siemens AG's average E10 Growth Rate was 2.90% per year. During the past 3 years, the average E10 Growth Rate was 7.00% per year. During the past 5 years, the average E10 Growth Rate was 5.20% per year. During the past 10 years, the average E10 Growth Rate was 4.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Siemens AG was 8.80% per year. The lowest was 2.60% per year. And the median was 5.85% per year.

As of today (2025-06-27), Siemens AG's current stock price is MXN4778.13. Siemens AG's E10 for the quarter that ended in Mar. 2025 was MXN190.57. Siemens AG's Shiller PE Ratio of today is 25.07.

During the past 13 years, the highest Shiller PE Ratio of Siemens AG was 26.41. The lowest was 9.03. And the median was 17.00.


Siemens AG E10 Historical Data

The historical data trend for Siemens AG's E10 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.

* Premium members only.

Siemens AG E10 Chart

Siemens AG Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 175.82 165.28 145.95 148.41 155.21

Siemens AG Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
E10 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 148.81 168.10 155.21 177.11 190.57

Competitive Comparison of Siemens AG's E10

For the Specialty Industrial Machinery subindustry, Siemens AG's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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's Shiller PE Ratio Distribution in the Industrial Products Industry

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

* The bar in red indicates where Siemens AG's Shiller PE Ratio falls into.


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Siemens AG E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, Siemens AG's adjusted earnings per share data for the three months ended in Mar. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=62.37/127.7792*127.7792
=62.370

Current CPI (Mar. 2025) = 127.7792.

Siemens AG Quarterly Data

per share eps CPI Adj_EPS
201506 28.704 100.417 36.526
201509 22.379 100.417 28.477
201512 35.027 99.717 44.884
201603 33.738 100.017 43.103
201606 33.662 100.717 42.707
201609 30.598 101.017 38.704
201612 51.543 101.217 65.069
201703 34.436 101.417 43.387
201706 33.105 102.117 41.424
201709 32.229 102.717 40.093
201712 61.359 102.617 76.404
201803 52.643 102.917 65.360
201806 30.760 104.017 37.787
201809 14.842 104.718 18.111
201812 27.699 104.217 33.961
201903 48.659 104.217 59.660
201906 27.565 105.718 33.317
201909 35.005 106.018 42.190
201912 27.452 105.818 33.149
202003 20.728 105.718 25.054
202006 17.416 106.618 20.873
202009 56.463 105.818 68.181
202012 41.139 105.518 49.818
202103 67.893 107.518 80.687
202106 39.812 108.486 46.892
202109 34.834 109.435 40.673
202112 46.823 110.384 54.202
202203 27.849 113.968 31.224
202206 -44.021 115.760 -48.591
202209 66.519 118.818 71.536
202212 38.207 119.345 40.907
202303 83.756 122.402 87.435
202306 29.533 123.140 30.646
202309 39.783 124.195 40.931
202312 55.347 123.773 57.138
202403 45.820 125.038 46.824
202406 48.906 125.882 49.643
202409 52.012 126.198 52.664
202412 101.767 127.041 102.358
202503 62.370 127.779 62.370

Add all the adjusted EPS together and divide 10 will get our e10.


Siemens AG  (MEX:SIE N) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Siemens AG's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=4778.13/190.57
=25.07

* 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.

During the past 13 years, the highest Shiller P/E Ratio of Siemens AG was 26.41. The lowest was 9.03. And the median was 17.00.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Siemens AG E10 Related Terms

Thank you for viewing the detailed overview of Siemens AG's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


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 75% 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.

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