Siemens Aktiengesellschaft (SIE) - Net Assets

Latest as of December 2025: €65.48 Billion EUR ≈ $76.55 Billion USD

Based on the latest financial reports, Siemens Aktiengesellschaft (SIE) has net assets worth €65.48 Billion EUR (≈ $76.55 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€170.13 Billion ≈ $198.90 Billion USD) and total liabilities (€104.65 Billion ≈ $122.35 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Siemens Aktiengesellschaft (SIE) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€65.48 Billion
% of Total Assets	38.49%
Annual Growth Rate	5.45%
5-Year Change	38.76%
10-Year Change	96.38%
Growth Volatility	13.73

Siemens Aktiengesellschaft - Net Assets Trend (1999–2025)

This chart illustrates how Siemens Aktiengesellschaft's net assets have evolved over time, based on quarterly financial data. See SIE cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Siemens Aktiengesellschaft (1999–2025)

The table below shows the annual net assets of Siemens Aktiengesellschaft from 1999 to 2025. For live valuation and market cap data, see SIE market cap overview.

Year	Net Assets	Change
2025-09-30	€68.37 Billion ≈ $79.93 Billion	+21.59%
2024-09-30	€56.23 Billion ≈ $65.74 Billion	+5.97%
2023-09-30	€53.06 Billion ≈ $62.03 Billion	-3.18%
2022-09-30	€54.80 Billion ≈ $64.07 Billion	+11.22%
2021-09-30	€49.27 Billion ≈ $57.61 Billion	+23.73%
2020-09-30	€39.82 Billion ≈ $46.56 Billion	-21.89%
2019-09-30	€50.98 Billion ≈ $59.60 Billion	+6.11%
2018-09-30	€48.05 Billion ≈ $56.17 Billion	+7.91%
2017-09-30	€44.53 Billion ≈ $52.06 Billion	+27.89%
2016-09-30	€34.82 Billion ≈ $40.70 Billion	-0.68%
2015-09-30	€35.05 Billion ≈ $40.98 Billion	+11.24%
2014-09-30	€31.51 Billion ≈ $36.84 Billion	+10.09%
2013-09-30	€28.62 Billion ≈ $33.47 Billion	-8.55%
2012-09-30	€31.30 Billion ≈ $36.60 Billion	-2.66%
2011-09-30	€32.16 Billion ≈ $37.59 Billion	+10.52%
2010-09-30	€29.10 Billion ≈ $34.02 Billion	+6.63%
2009-09-30	€27.29 Billion ≈ $31.90 Billion	-0.34%
2008-09-30	€27.38 Billion ≈ $32.01 Billion	-7.58%
2007-09-30	€29.63 Billion ≈ $34.64 Billion	+1.10%
2006-09-30	€29.31 Billion ≈ $34.26 Billion	+5.52%
2005-09-30	€27.77 Billion ≈ $32.47 Billion	+1.42%
2004-09-30	€27.38 Billion ≈ $32.01 Billion	+12.46%
2003-09-30	€24.35 Billion ≈ $28.47 Billion	+1.19%
2002-09-30	€24.06 Billion ≈ $28.13 Billion	-13.55%
2001-09-30	€27.83 Billion ≈ $32.54 Billion	+8.55%
2000-09-30	€25.64 Billion ≈ $29.98 Billion	+49.07%
1999-09-30	€17.20 Billion ≈ $20.11 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Siemens Aktiengesellschaft's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 492.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (September 2025)

Component	Amount	Percentage
Retained Earnings	€49.60 Billion	79.69%
Common Stock	€2.40 Billion	3.86%
Other Comprehensive Income	€5.87 Billion	9.43%
Other Components	€4.38 Billion	7.03%
Total Equity	€62.24 Billion	100.00%

Siemens Aktiengesellschaft Competitors by Market Cap

The table below lists competitors of Siemens Aktiengesellschaft ranked by their market capitalization.

Company	Market Cap
Seagate Technology PLC NASDAQ:STX	$187.01 Billion
LOréal S.A. PA:OR	$188.75 Billion
Verizon Communications Inc NYSE:VZ	$189.45 Billion
SHELL PLC WI ADR/2 F:L3H	$190.34 Billion
Toyota Motor Corporation F:TOM	$183.54 Billion
IND.D.D.TEXT.UNSP.ADR 1/2 F:IXD2	$183.19 Billion
Amgen Inc NASDAQ:AMGN	$181.97 Billion
Western Digital Corporation NASDAQ:WDC	$181.62 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Siemens Aktiengesellschaft's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 51,264,000,000 to 62,244,000,000, a change of 10,980,000,000 (21.4%).
Net income of 9,620,000,000 contributed positively to equity growth.
Dividend payments of 4,093,000,000 reduced retained earnings.
Share repurchases of 2,269,000,000 reduced equity.
New share issuances of 3,325,000,000 increased equity.
Other comprehensive income increased equity by 2,254,000,000.
Other factors increased equity by 2,143,000,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€9.62 Billion	+15.46%
Dividends Paid	€4.09 Billion	-6.58%
Share Repurchases	€2.27 Billion	-3.65%
Share Issuances	€3.33 Billion	+5.34%
Other Comprehensive Income	€2.25 Billion	+3.62%
Other Changes	€2.14 Billion	+3.44%
Total Change	€-	21.42%

Book Value vs Market Value Analysis

This analysis compares Siemens Aktiengesellschaft's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 3.50x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 14.41x to 3.50x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1999-09-30	€19.05	€274.50	x
2000-09-30	€26.11	€274.50	x
2001-09-30	€26.88	€274.50	x
2002-09-30	€26.44	€274.50	x
2003-09-30	€26.65	€274.50	x
2004-09-30	€28.68	€274.50	x
2005-09-30	€28.95	€274.50	x
2006-09-30	€32.81	€274.50	x
2007-09-30	€31.01	€274.50	x
2008-09-30	€29.87	€274.50	x
2009-09-30	€30.57	€274.50	x
2010-09-30	€32.30	€274.50	x
2011-09-30	€35.72	€274.50	x
2012-09-30	€34.75	€274.50	x
2013-09-30	€32.98	€274.50	x
2014-09-30	€36.33	€274.50	x
2015-09-30	€41.39	€274.50	x
2016-09-30	€41.73	€274.50	x
2017-09-30	€51.97	€274.50	x
2018-09-30	€54.90	€274.50	x
2019-09-30	€58.81	€274.50	x
2020-09-30	€44.52	€274.50	x
2021-09-30	€54.68	€274.50	x
2022-09-30	€60.39	€274.50	x
2023-09-30	€59.64	€274.50	x
2024-09-30	€64.21	€274.50	x
2025-09-30	€78.41	€274.50	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Siemens Aktiengesellschaft utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 15.46%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 12.19%
• Asset Turnover: 0.47x
• Equity Multiplier: 2.67x
Recent ROE (15.46%) is above the historical average (14.22%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1999	11.49%	2.72%	1.12x	3.79x	€242.10 Million
2000	38.14%	11.30%	0.99x	3.41x	€6.54 Billion
2001	8.77%	2.40%	0.97x	3.78x	€-293.20 Million
2002	11.04%	3.09%	1.08x	3.31x	€244.90 Million
2003	10.31%	3.29%	0.96x	3.27x	€73.50 Million
2004	12.68%	4.85%	0.88x	2.96x	€719.50 Million
2005	11.28%	4.05%	0.88x	3.18x	€346.30 Million
2006	10.70%	4.72%	0.73x	3.10x	€204.40 Million
2007	12.79%	5.12%	0.79x	3.16x	€810.40 Million
2008	21.38%	7.40%	0.82x	3.53x	€3.05 Billion
2009	8.60%	2.99%	0.81x	3.56x	€-372.60 Million
2010	13.76%	5.65%	0.67x	3.63x	€1.06 Billion
2011	19.49%	8.39%	0.70x	3.31x	€2.99 Billion
2012	13.51%	5.36%	0.71x	3.52x	€1.08 Billion
2013	15.24%	5.83%	0.72x	3.63x	€1.47 Billion
2014	17.36%	7.54%	0.68x	3.39x	€2.28 Billion
2015	15.61%	7.12%	0.63x	3.49x	€1.93 Billion
2016	15.63%	6.71%	0.63x	3.67x	€1.93 Billion
2017	13.83%	7.19%	0.62x	3.11x	€1.65 Billion
2018	12.77%	6.99%	0.60x	3.05x	€1.26 Billion
2019	10.77%	8.86%	0.39x	3.12x	€370.50 Million
2020	11.09%	7.30%	0.45x	3.40x	€396.00 Million
2021	11.86%	8.45%	0.45x	3.15x	€823.70 Million
2022	7.61%	5.17%	0.48x	3.10x	€-1.17 Billion
2023	16.63%	10.62%	0.52x	3.04x	€3.17 Billion
2024	16.19%	10.93%	0.51x	2.88x	€3.17 Billion
2025	15.46%	12.19%	0.47x	2.67x	€3.40 Billion

Industry Comparison

This section compares Siemens Aktiengesellschaft's net assets metrics with peer companies in the Specialty Industrial Machinery industry.

Industry Context

Industry: Specialty Industrial Machinery
Average net assets among peers: $8,456,353,211
Average return on equity (ROE) among peers: 8.69%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Siemens Aktiengesellschaft (SIE)	€65.48 Billion	11.49%	1.60x	$184.02 Billion
DB ENERGY S.A. ZY -10 (0CJ)	$25.54 Million	-27.39%	1.77x	$6.87 Million
MORIMATSU INT.H.C. (HK) (1S5)	$4.39 Billion	19.24%	1.03x	$983.88 Million
2G Energy AG (2GB)	$146.19 Million	16.19%	0.90x	$670.96 Million
Eaton Corporation PLC (3EC)	$16.45 Billion	13.03%	1.07x	$131.40 Billion
M+S HIDRAVLIK AD BW 1 (8Q3)	$88.06 Million	22.01%	0.29x	$197.17 Million
MERUS POWER OYJ EO 1 (99H)	$10.40 Million	-10.72%	1.77x	$35.09 Million
Aumann AG (AAG)	$201.72 Million	10.66%	0.61x	$174.31 Million
Atlas Copco A ADR (ACO)	$53.53 Billion	27.61%	1.12x	$64.34 Billion
ATS CORP. (ATO0)	$1.13 Billion	11.27%	2.13x	$2.77 Billion
Chongqing Machinery & Electric Co. Ltd (CE3)	$8.59 Billion	5.02%	1.05x	$355.00 Million

About Siemens Aktiengesellschaft

XETRA:SIE Germany Specialty Industrial Machinery

Market Cap

$250.40 Billion

€214.18 Billion EUR

Market Cap Rank

#115 Global

#12 in Germany

Share Price

€274.50

Change (1 day)

-0.83%

52-Week Range

€203.75 - €278.70

All Time High

€278.70