Siemens' influence on the DAX 40
With a market capitalization representing about 9.98% (measured in December 2024) of the total DAX weight, Siemens is one of the heavyweights within the index. Movements in the Siemens share price therefore have a clear impact on the DAX's returns, especially due to its sensitivity to global industrial investments and technological trends. View the composition of the DAX 40 and the weighting of all companies in the DAX 40 here.
Investment analysis & outlook
Siemens shares recorded an impressive share price increase of over 40% over the past 12 months, supported by strong performance in digitalization, infrastructure and mobility solutions. In Q2 2025, revenue rose 7% to €19.76 billion, while industrial profit rose 29% to €3.24 billion, well above analyst forecasts. New order inflows increased 10%, especially in the Smart Infrastructure and Mobility divisions. Despite geopolitical and economic uncertainties, the board confirmed its revenue growth forecast for all of 2025 of 3% to 7%, further strengthening investor confidence.
The price chart below shows how Siemens has made a strong recovery since 2020, with a clear outperformance against the DAX 40 index. Whereas the DAX rose by about 79%, Siemens realized a total return of almost 96%. The rise has not only been more broad-based but also more consistent than many sector peers, with only brief interruptions during macroeconomic shocks. The recent peak in March 2025 around €244.85 even marks the highest price level ever for the stock.
While the valuation remains relatively high, it is supported by solid cash flows, structural earnings growth and a clear positioning in emerging technologies such as AI-driven data centers. Siemens plays a key role in this as a supplier of essential infrastructure components. For investors with a long-term horizon and interest in industrial innovation, Siemens shares remain a robust and attractive choice within the DAX 40.
News & updates
In May 2025, Siemens confirmed its revenue growth targets, supported by strong quarterly results and a notable increase in earnings within its Smart Infrastructure division. In addition, the company posted a one-time gain of €315 million from the sale of its wire accessories business to industry peer ABB. This divestment is part of Siemens' broader strategy to focus on core, high-value-added businesses.
Expressing confidence in its financial health and continued strong cash flows, Siemens proposed to increase its dividend over 2025 to €5.20 per share. This underlines the solid profit development and commitment to consistent shareholder value.
Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. They are therefore for educational purposes only.