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Siemens AGSMAWF -1.02%83 Forward PE Ratio is 22.26 as of Jul. 19, 2026. GuruFocus rates SMAWF with a GF Score™ of 83/100 and a GF Value™ of $226.45 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,287 Industrial Products companies, Siemens AG ranks worse than 56.8% on this metric.
Siemens AG (OTCPK:SMAWF) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Siemens AG Forward PE Ratio Related Terms
Siemens AG Forward PE Ratio Historical Data
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The historical data trend for Siemens AG's Forward PE 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 Forward PE Ratio Chart
Siemens AG Annual Data
Trend
2016-09
2017-09
2018-09
2019-09
2020-09
2021-09
2022-09
2023-09
2024-09
2025-09
Forward PE Ratio
13.32
14.58
13.95
12.74
15.41
19.19
11.48
12.99
16.53
21.08
Siemens AG Quarterly Data
2015-12
2016-03
2016-06
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2021-06
2021-09
2021-12
2022-03
2022-06
2022-09
2022-12
2023-03
2023-06
2023-09
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
13.32
11.85
11.33
13.32
15.11
16.16
18.48
14.58
14.71
14.04
14.25
13.95
13.07
14.41
13.40
12.74
14.93
12.09
13.85
15.41
18.59
20.49
16.95
19.19
18.25
15.29
11.31
11.48
14.56
17.24
14.18
12.99
15.85
16.84
15.60
16.53
16.67
19.38
18.86
21.08
21.89
19.18
SMAWF vs GEV, ETN, PH: Forward PE Ratio Comparison
For the Specialty Industrial Machinery subindustry, Siemens AG's Forward PE Ratio, along with its competitors' market caps and Forward 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 Forward PE Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Siemens AG's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Siemens AG's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Siemens AG (SMAWF) has a Forward PE Ratio of 22.26 as of Jul. 19, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Siemens AG and its competitors. According to the industry distribution chart, Siemens AG ranks #731 out of 1287 companies in the Industrial Products industry, placing it in the top 56.8%.
Is Siemens AG's Forward PE Ratio too high?
Siemens AG's current Forward PE Ratio is 22.26. The Industrial Products industry median Forward PE Ratio is 18.86. Siemens AG's value of 22.26 is 18% above this industry median. Based on the distribution chart, Siemens AG ranks #731 out of 1287 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Siemens AG has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Siemens AG's Forward PE Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Siemens AG ranks #731 out of 1287 companies for Forward PE Ratio. This places Siemens AG in the lower half of its industry. The industry median Forward PE Ratio is 18.86. Siemens AG's value of 22.26 is 18% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for an Industrial Products company?
The median Forward PE Ratio among Industrial Products companies is 18.86, based on 1,287 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Siemens AG's current Forward PE Ratio of 22.26 is 18% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Siemens AG and its competitors. For the Industrial Products industry, the median Forward PE Ratio is 18.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Siemens AG's current Forward PE Ratio is 22.26. 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?
Based on GuruFocus' analysis, Siemens AG (SMAWF) is currently considered Significantly Overvalued. The stock's GF Value™ is $226.45, compared to a current price of $309.30 — trading 36.6% above its estimated fair value. The current Forward PE Ratio is 22.26 and 18% above the Industrial Products industry median of 18.86. Siemens AG's overall GF Score™ is 83/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Siemens AG (SMAWF), the current Forward PE Ratio is 22.26 as of Jul. 19, 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 (SMAWF) Overvalued in 2026?
Based on GuruFocus' analysis, Siemens AG stock appears to be overvalued.
The current stock price of $309.30 is trading 36.6% above its estimated GF Value™ of $226.45.
GuruFocus considers Siemens AG to be Significantly Overvalued.
Key valuation signals for SMAWF:
Forward PE Ratio: 22.26
GF Value™: $226.45 vs. price of $309.30 (36.6% above fair value)
Industry Position: 18% above the Industrial Products median (#731 of 1287)
No single metric tells the full story. See the SMAWF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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
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Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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