Siemens AGCHIX:SIED 82 PB Ratio is 3.23 as of Jun. 26, 2026, which is 36% above its 10-year median of 2.37. GuruFocus rates CHIX:SIED with a GF Score™ of 82/100 and a GF Value™ of €199.55 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 2,986 Industrial Products companies, Siemens AG ranks worse than 63.63% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-26), Siemens AG's share price is €273.00. Siemens AG's Book Value per Share for the quarter that ended in Mar. 2026 was €84.42. Hence, Siemens AG's PB Ratio of today is 3.23.
Warning Sign:
Siemens AG stock PB Ratio (=3.22) is close to 10-year high of 3.26.
The historical rank and industry rank for Siemens AG's PB Ratio or its related term are showing as below:
CHIX:SIEd'
s PB Ratio Range Over the Past 10 Years
Min: 1 Med: 2.37 Max: 3.26
Current: 3.22
During the past 13 years, Siemens AG's highest PB Ratio was 3.26. The lowest was 1.00. And the median was 2.37.
CHIX:SIEd's PB Ratio is ranked worse than 63.63% of 2986
companies
in the Industrial Products industry
Industry Median: 2.27
vs CHIX:SIEd: 3.22
During the past 12 months, Siemens AG's average Book Value Per Share Growth Rate was 14.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 8.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 9.90% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Siemens AG was 12.60% per year. The lowest was -5.90% per year. And the median was 3.40% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Siemens AG PB Ratio Related Terms
Siemens AG PB Ratio Historical Data
* Premium members only.
The historical data trend for Siemens AG's PB 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.
For the Specialty Industrial Machinery subindustry, Siemens AG's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Siemens AG's PB Ratio distribution charts can be found below:
* The bar in red indicates where Siemens AG's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Siemens AG's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Siemens AG (CHIX:SIED) has a PB Ratio of 3.23 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Siemens AG and its competitors. This is 36% above median its historical median of 2.37. Over the past decade, Siemens AG's PB Ratio has ranged from 1.00 to 3.26. According to the industry distribution chart, Siemens AG ranks #1900 out of 2986 companies in the Industrial Products industry, placing it in the top 63.6%.
Is Siemens AG's PB Ratio too high?
Siemens AG's current PB Ratio of 3.23 is 36% above median its 10-year median of 2.37. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 3.26. The Industrial Products industry median PB Ratio is 2.27. Siemens AG's value of 3.23 is 42.3% above this industry median. Based on the distribution chart, Siemens AG ranks #1900 out of 2986 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Siemens AG has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Siemens AG's PB Ratio compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Siemens AG ranks #1900 out of 2986 companies for PB Ratio. This places Siemens AG in the lower half of its industry. The industry median PB Ratio is 2.27. Siemens AG's value of 3.23 is 42.3% above this benchmark. Historically, Siemens AG's own PB Ratio has ranged from 1.00 to 3.26 over the past decade. While the company's 10-year median is 2.37 vs. the industry median of 2.27, Siemens AG has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for an Industrial Products company?
The median PB Ratio among Industrial Products companies is 2.27, based on 2,986 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Siemens AG's current PB Ratio of 3.23 is 42.3% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Siemens AG and its competitors. For the Industrial Products industry, the median PB Ratio is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Siemens AG's current PB Ratio is 3.23, which is 36% above median its own 10-year median of 2.37. 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 €199.55, compared to a current price of €273.00 — trading 36.8% above its estimated fair value. The current PB Ratio is 3.23, which is 36% above median its 10-year median of 2.37 and 42.3% above the Industrial Products industry median of 2.27. Siemens AG's overall GF Score™ is 82/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Siemens AG (CHIX:SIED), the current PB Ratio is 3.23 as of Jun. 26, 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 €273.00 is trading 36.8% above its estimated GF Value™ of €199.55.
GuruFocus considers Siemens AG to be Significantly Overvalued.
Key valuation signals for CHIX:SIED:
PB Ratio: 3.23 (36% above median its 10-year median of 2.37)
GF Value™: €199.55 vs. price of €273.00 (36.8% above fair value)
Industry Position: 42.3% above the Industrial Products median (#1900 of 2986)
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.
82GF Score
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