SEMHF (Siemens Healthineers AG) E10: $2.13 (As of Jun. 2026)

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SEMHF Siemens Healthineers AG SEMHF
84 GF Score
Price $46.00
GF Value $59.20
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Siemens Healthineers AG E10?

Siemens Healthineers AG SEMHF +0.36% 84 E10 is $2.13 as of Jun. 2026. GuruFocus rates SEMHF with a GF Score™ of 84/100 and a GF Value™ of $59.20 (Modestly Undervalued). The stock has 4 warning signs investors should review.

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 Healthineers AG's adjusted earnings per share data for the three months ended in Jun. 2026 was $0.691. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.13 for the trailing ten years ended in Jun. 2026.

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.

As of today (2026-08-11), Siemens Healthineers AG's current stock price is $46.00. Siemens Healthineers AG's E10 for the quarter that ended in Jun. 2026 was $2.13. Siemens Healthineers AG's Shiller PE Ratio of today is 21.60.

During the past 11 years, the highest Shiller PE Ratio of Siemens Healthineers AG was 21.87. The lowest was 18.56. And the median was 19.30.


Siemens Healthineers AG  (OTCPK:SEMHF) 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 Healthineers AG's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=46.00/2.13
=21.60

* 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 11 years, the highest Shiller P/E Ratio of Siemens Healthineers AG was 21.87. The lowest was 18.56. And the median was 19.30.


Be Aware

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


Siemens Healthineers AG E10 Related Terms


Siemens Healthineers AG E10 Historical Data

* Premium members only.

The historical data trend for Siemens Healthineers 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.

Siemens Healthineers AG E10 Chart

Siemens Healthineers AG Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Siemens Healthineers AG Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 0.00 2.11 2.13

SEMHF vs ABT, SYK, MDT: E10 Comparison

For the Medical Devices subindustry, Siemens Healthineers 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 Healthineers AG Shiller PE Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Siemens Healthineers AG's Shiller PE Ratio distribution charts can be found below:

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


SEMHF
84GF Score
Siemens Healthineers AG SEMHF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Siemens Healthineers 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 Healthineers AG's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.691/131.3638*131.3638
=0.691

Current CPI (Jun. 2026) = 131.3638.

Siemens Healthineers AG Quarterly Data

per share eps CPI Adj_EPS
201609 0.000 101.017 0.000
201612 0.379 101.217 0.492
201703 0.321 101.417 0.416
201706 0.360 102.117 0.463
201709 0.477 102.717 0.610
201712 0.367 102.617 0.470
201803 0.370 102.917 0.472
201806 0.333 104.017 0.421
201809 0.432 104.718 0.542
201812 0.387 104.217 0.488
201903 0.429 104.217 0.541
201906 0.395 105.718 0.491
201909 0.551 106.018 0.683
201912 0.333 105.818 0.413
202003 0.453 105.718 0.563
202006 0.304 106.618 0.375
202009 0.495 105.818 0.615
202012 0.487 105.518 0.606
202103 0.488 107.518 0.596
202106 0.422 108.486 0.511
202109 0.482 109.435 0.579
202112 0.463 110.384 0.551
202203 0.562 113.968 0.648
202206 0.338 115.760 0.384
202209 0.554 118.818 0.612
202212 0.392 119.345 0.431
202303 0.096 122.402 0.103
202306 0.433 123.140 0.462
202309 0.512 124.195 0.542
202312 0.414 123.773 0.439
202403 0.413 125.038 0.434
202406 0.452 125.882 0.472
202409 0.610 126.198 0.635
202412 0.440 127.041 0.455
202503 0.508 127.779 0.522
202506 0.565 128.412 0.578
202509 0.610 129.255 0.620
202512 0.468 129.361 0.475
202603 0.520 131.258 0.520
202606 0.691 131.364 0.691

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

Frequently Asked Questions Learn more about E10 →
What does a E10 of $2.13 mean?
Siemens Healthineers AG (SEMHF) has a E10 of $2.13 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Siemens Healthineers AG and its competitors.
Is Siemens Healthineers AG's E10 too high?
Siemens Healthineers AG's current E10 is $2.13. Overall, Siemens Healthineers AG has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Siemens Healthineers AG's E10 compare to ABT and SYK?
Siemens Healthineers AG's E10 of $2.13 can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Medical Devices & Instruments company?
A good E10 depends on the Medical Devices & Instruments industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Siemens Healthineers AG and its competitors. Siemens Healthineers AG's current E10 is $2.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siemens Healthineers AG stock overvalued right now?
Based on GuruFocus' analysis, Siemens Healthineers AG (SEMHF) is currently considered Modestly Undervalued. The stock's GF Value™ is $59.20, compared to a current price of $46.00 — trading 22.3% below its estimated fair value. The current E10 is $2.13. Siemens Healthineers AG's overall GF Score™ is 84/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Siemens Healthineers AG (SEMHF), the current E10 is $2.13 as of Jun. 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 Healthineers AG (SEMHF) Overvalued in 2026?

Based on GuruFocus' analysis, Siemens Healthineers AG stock appears to be undervalued. The current stock price of $46.00 is trading 22.3% below its estimated GF Value™ of $59.20. GuruFocus considers Siemens Healthineers AG to be Modestly Undervalued.

Key valuation signals for SEMHF:

  • E10: $2.13
  • GF Value™: $59.20 vs. price of $46.00 (22.3% below fair value)
  • GF Score™: 84/100 with 4 warning signs

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


Siemens Healthineers AG Business Description

Address Siemensstrasse 3, Forchheim, BY, DEU, 91301
Siemens Healthineers is engaged in therapeutic imaging, radiotherapy, laboratory, and point-of-care diagnostics. The imaging segment (56% of sales in fiscal 2025) includes magnetic resonance imaging, computed tomography, X-ray systems, molecular imaging, and ultrasound. The Varian segment (18% of sales) offers radiotherapy and other oncology solutions. The diagnostics segment (19%) includes in vitro diagnostics and point-of-care diagnostics. The advanced therapies (now part of precision therapy) segment (9%) products are designed to support image-guided minimally invasive treatments in cardiology, interventional radiology, and surgery. The Americas represents 44% of total sales, Europe, Middle East, and Africa 32%, and Asia-Pacific, including China (11%), the remainder.
84GF Score

Get the complete analysis for SEMHF

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$46.00
Price
$59.20
GF Value