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Siemens AGCHIX:SIED 81 Graham Number is €56.41 as of Mar. 2026, which is 100% below its 10-year median of 3.68. GuruFocus rates CHIX:SIED with a GF Score™ of 81/100 and a GF Value™ of €200.57 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 2,199 Industrial Products companies, Siemens AG ranks worse than 84.63% on this metric.
Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
As of today (2026-07-16), the stock price of Siemens AG is €272.70. Siemens AG's graham number for the quarter that ended in Mar. 2026 was €56.41. Therefore, Siemens AG's Price to Graham Number ratio for today is 4.83.
The historical rank and industry rank for Siemens AG's Graham Number or its related term are showing as below:
CHIX:SIEd'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.37 Med: 3.68 Max: 7.6
Current: 4.85
During the past 13 years, the highest Price to Graham Number ratio of Siemens AG was 7.60. The lowest was 1.37. And the median was 3.68.
CHIX:SIEd's Price-to-Graham-Number is ranked worse than 84.63% of 2199
companies
in the Industrial Products industry
Industry Median: 1.76
vs CHIX:SIEd: 4.85
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Siemens AG (CHIX:SIEd) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
Siemens AG's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
272.70
/
56.41
=
4.83
* 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.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
Siemens AG Graham Number Related Terms
Siemens AG Graham Number Historical Data
* Premium members only.
The historical data trend for Siemens AG's Graham Number 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.
CHIX:SIED vs GEV, ETN, PH: Graham Number Comparison
For the Specialty Industrial Machinery subindustry, Siemens AG's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number 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 Price-to-Graham-Number vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Siemens AG's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Siemens AG's Price-to-Graham-Number falls into.
* 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 (CHIX:SIED) has a Graham Number of €56.41 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Siemens AG and its competitors. This is 1433% above median its historical median of 3.68. Over the past decade, Siemens AG's Graham Number has ranged from 1.37 to 7.60. According to the industry distribution chart, Siemens AG ranks #1861 out of 2199 companies in the Industrial Products industry, placing it in the top 84.6%.
Is Siemens AG's Graham Number too high?
Siemens AG's current Graham Number of €56.41 is 1433% above median its 10-year median of 3.68. Over the past 10 years, this metric has ranged from a low of 1.37 to a high of 7.60. Based on the distribution chart, Siemens AG ranks #1861 out of 2199 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Siemens AG has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Siemens AG's Graham Number compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Siemens AG ranks #1861 out of 2199 companies for Graham Number. This places Siemens AG in the lower half of its industry. The industry median Graham Number is 1.76. Historically, Siemens AG's own Graham Number has ranged from 1.37 to 7.60 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for an Industrial Products company?
The median Graham Number among Industrial Products companies is 1.76, based on 2,199 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number 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 Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Siemens AG and its competitors. For the Industrial Products industry, the median Graham Number is 1.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Siemens AG's current Graham Number is €56.41, which is 1433% above median its own 10-year median of 3.68. 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 (CHIX:SIED) is currently considered Significantly Overvalued. The stock's GF Value™ is €200.57, compared to a current price of €272.70 — trading 36% above its estimated fair value. The current Graham Number is €56.41, which is 1433% above median its 10-year median of 3.68. Siemens AG's overall GF Score™ is 81/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Siemens AG (CHIX:SIED), the current Graham Number is €56.41 as of Mar. 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 (CHIX:SIED) Overvalued in 2026?
Based on GuruFocus' analysis, Siemens AG stock appears to be overvalued.
The current stock price of €272.70 is trading 36% above its estimated GF Value™ of €200.57.
GuruFocus considers Siemens AG to be Significantly Overvalued.
Key valuation signals for CHIX:SIED:
Graham Number: €56.41 (1433% above median its 10-year median of 3.68)
GF Value™: €200.57 vs. price of €272.70 (36% above fair value)
No single metric tells the full story. See the CHIX:SIED 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.
81GF Score
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