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Siemens AG (WAR:SIE) E10 : zł37.97 (As of Dec. 2024)


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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 Dec. 2024 was zł18.882. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is zł37.97 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Siemens AG's average E10 Growth Rate was 8.30% 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 (2025-03-21), Siemens AG's current stock price is zł976.80. Siemens AG's E10 for the quarter that ended in Dec. 2024 was zł37.97. Siemens AG's Shiller PE Ratio of today is 25.73.

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 16.82.


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 - - - 36.86 36.84

Siemens AG Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 27.20 36.59 37.06 36.84 37.97

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.



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 Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=18.882/127.0412*127.0412
=18.882

Current CPI (Dec. 2024) = 127.0412.

Siemens AG Quarterly Data

per share eps CPI Adj_EPS
201503 19.473 99.717 24.809
201506 7.079 100.417 8.956
201509 5.125 100.417 6.484
201512 7.882 99.717 10.042
201603 7.584 100.017 9.633
201606 7.043 100.717 8.884
201609 6.124 101.017 7.702
201612 9.674 101.217 12.142
201703 7.077 101.417 8.865
201706 7.087 102.117 8.817
201709 6.872 102.717 8.499
201712 12.089 102.617 14.966
201803 11.213 102.917 13.841
201806 6.057 104.017 7.398
201809 3.070 104.718 3.724
201812 5.459 104.217 6.655
201903 9.707 104.217 11.833
201906 5.553 105.718 6.673
201909 6.861 106.018 8.222
201912 5.632 105.818 6.762
202003 3.421 105.718 4.111
202006 2.920 106.618 3.479
202009 9.890 105.818 11.874
202012 8.003 105.518 9.635
202103 12.852 107.518 15.186
202106 7.739 108.486 9.063
202109 6.555 109.435 7.610
202112 8.832 110.384 10.165
202203 5.412 113.968 6.033
202206 -8.467 115.760 -9.292
202209 12.796 118.818 13.682
202212 7.583 119.345 8.072
202303 17.981 122.402 18.662
202306 6.666 123.140 6.877
202309 8.838 124.195 9.041
202312 12.617 123.773 12.950
202403 10.683 125.038 10.854
202406 10.330 125.882 10.425
202409 10.221 126.198 10.289
202412 18.882 127.041 18.882

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


Siemens AG  (WAR:SIE) 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
=976.80/37.97
=25.73

* 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 16.82.


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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