Siemens AGSMAWF +2.11%84 Return-on-Tangible-Equity is 66.91% as of Mar. 2026, which is 37% below its 10-year median of 105.78. GuruFocus rates SMAWF with a GF Score™ of 84/100 and a GF Value™ of $224.18 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 2,969 Industrial Products companies, Siemens AG ranks better than 95.92% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Siemens AG's annualized net income for the quarter that ended in Mar. 2026 was $9,373 Mil. Siemens AG's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $14,009 Mil. Therefore, Siemens AG's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 66.91%.
The historical rank and industry rank for Siemens AG's Return-on-Tangible-Equity or its related term are showing as below:
SMAWF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 41.83 Med: 105.78 Max: 205.06
Current: 74.48
During the past 13 years, Siemens AG's highest Return-on-Tangible-Equity was 205.06%. The lowest was 41.83%. And the median was 105.78%.
SMAWF's Return-on-Tangible-Equity is ranked better than 95.92% of 2969
companies
in the Industrial Products industry
Industry Median: 6.72
vs SMAWF: 74.48
Siemens AG (OTCPK:SMAWF) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Siemens AG Return-on-Tangible-Equity Related Terms
Siemens AG Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Siemens AG's Return-on-Tangible-Equity 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.
SMAWF vs GEV, ETN, PH: Return-on-Tangible-Equity Comparison
For the Specialty Industrial Machinery subindustry, Siemens AG's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Siemens AG's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Siemens AG's Return-on-Tangible-Equity 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 66.91% mean?
Siemens AG (SMAWF) has a Return-on-Tangible-Equity of 66.91% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Siemens AG and its competitors. This is 37% below median its historical median of 105.78. Over the past decade, Siemens AG's Return-on-Tangible-Equity has ranged from 41.83 to 205.06. According to the industry distribution chart, Siemens AG ranks #121 out of 2969 companies in the Industrial Products industry, placing it in the top 4.1%.
Is Siemens AG's Return-on-Tangible-Equity too high?
Siemens AG's current Return-on-Tangible-Equity of 66.91% is 37% below median its 10-year median of 105.78. Over the past 10 years, this metric has ranged from a low of 41.83 to a high of 205.06. The Industrial Products industry median Return-on-Tangible-Equity is 6.72. Siemens AG's value of 66.91% is 895.7% above this industry median. Based on the distribution chart, Siemens AG ranks #121 out of 2969 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Siemens AG has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Siemens AG's Return-on-Tangible-Equity compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Siemens AG ranks #121 out of 2969 companies for Return-on-Tangible-Equity. This places Siemens AG in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.72. Siemens AG's value of 66.91% is 895.7% above this benchmark. Historically, Siemens AG's own Return-on-Tangible-Equity has ranged from 41.83 to 205.06 over the past decade. While the company's 10-year median is 105.78 vs. the industry median of 6.72, 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 Return-on-Tangible-Equity for an Industrial Products company?
The median Return-on-Tangible-Equity among Industrial Products companies is 6.72, based on 2,969 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Siemens AG's current Return-on-Tangible-Equity of 66.91% is 895.7% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Siemens AG and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Equity is 6.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Siemens AG's current Return-on-Tangible-Equity is 66.91%, which is 37% below median its own 10-year median of 105.78. 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 $224.18, compared to a current price of $315.20 — trading 40.6% above its estimated fair value. The current Return-on-Tangible-Equity is 66.91%, which is 37% below median its 10-year median of 105.78 and 895.7% above the Industrial Products industry median of 6.72. Siemens AG's overall GF Score™ is 84/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Siemens AG (SMAWF), the current Return-on-Tangible-Equity is 66.91% 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 (SMAWF) Overvalued in 2026?
Based on GuruFocus' analysis, Siemens AG stock appears to be overvalued.
The current stock price of $315.20 is trading 40.6% above its estimated GF Value™ of $224.18.
GuruFocus considers Siemens AG to be Significantly Overvalued.
Key valuation signals for SMAWF:
Return-on-Tangible-Equity: 66.91% (37% below median its 10-year median of 105.78)
GF Value™: $224.18 vs. price of $315.20 (40.6% above fair value)
Industry Position: 895.7% above the Industrial Products median (#121 of 2969)
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.
84GF Score
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