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Siemens Healthineers Valuation Multiples
Discover revenue and EBITDA valuation multiples for Siemens Healthineers and similar public comparables like IDEXX Laboratories, Edwards Lifesciences, Alcon, ResMed and more.
Siemens Healthineers Overview
About Siemens Healthineers
Siemens Healthineers is engaged in therapeutic imaging, radiotherapy, laboratory, and point-of-care diagnostics. The imaging segment (56% of sales in fiscal 2025) includes magnetic resonance imaging, computed tomography, X-ray systems, molecular imaging, and ultrasound. The Varian segment (18% of sales) offers radiotherapy and other oncology solutions. The diagnostics segment (19%) includes in vitro diagnostics and point-of-care diagnostics. The advanced therapies (now part of precision therapy) segment (9%) products are designed to support image-guided minimally invasive treatments in cardiology, interventional radiology, and surgery. The Americas represents 44% of total sales, Europe, Middle East, and Africa 32%, and Asia-Pacific, including China (11%), the remainder.
Founded
2017
HQ
Employees
73.8K
Website
Financials (LTM)
EV
$51B
Siemens Healthineers Financials
Siemens Healthineers reported last 12-month revenue of $27B and EBITDA of $5B.
In the same LTM period, Siemens Healthineers generated $11B in gross profit, $5B in EBITDA, and $3B in net income.
Revenue (LTM)
Siemens Healthineers P&L
In the most recent fiscal year, Siemens Healthineers reported revenue of $27B and EBITDA of $5B.
Siemens Healthineers expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $27B | XXX | $27B | XXX | XXX | XXX |
| Gross Profit | $11B | XXX | $10B | XXX | XXX | XXX |
| Gross Margin | 39% | XXX | 39% | XXX | XXX | XXX |
| EBITDA | $5B | XXX | $5B | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | 20% | XXX | XXX | XXX |
| EBIT Margin | 16% | XXX | 16% | XXX | XXX | XXX |
| Net Profit | $3B | XXX | $2B | XXX | XXX | XXX |
| Net Margin | 9% | XXX | 9% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Siemens Healthineers Stock Performance
Siemens Healthineers has current market cap of $53B, and enterprise value of $51B.
Market Cap Evolution
Siemens Healthineers' stock price is $47.54.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $51B | $53B | -0.5% | XXX | XXX | XXX | $2.23 |
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Start Free TrialSiemens Healthineers Valuation Multiples
Siemens Healthineers trades at 1.9x EV/Revenue multiple, and 9.3x EV/EBITDA.
EV / Revenue (LTM)
Siemens Healthineers Financial Valuation Multiples
As of March 31, 2026, Siemens Healthineers has market cap of $53B and EV of $51B.
Equity research analysts estimate Siemens Healthineers' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Siemens Healthineers has a P/E ratio of 20.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $53B | XXX | $53B | XXX | XXX | XXX |
| EV (current) | $51B | XXX | $51B | XXX | XXX | XXX |
| EV/Revenue | 1.9x | XXX | 1.9x | XXX | XXX | XXX |
| EV/EBITDA | 9.3x | XXX | 9.4x | XXX | XXX | XXX |
| EV/EBIT | 11.6x | XXX | 11.5x | XXX | XXX | XXX |
| EV/Gross Profit | 4.8x | XXX | 4.9x | XXX | XXX | XXX |
| P/E | 20.7x | XXX | 21.3x | XXX | XXX | XXX |
| EV/FCF | 17.0x | XXX | 16.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Siemens Healthineers Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Siemens Healthineers Margins & Growth Rates
Siemens Healthineers' revenue in the last 12 month grew by 4%.
Siemens Healthineers' revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Siemens Healthineers' rule of 40 is 23% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Siemens Healthineers' rule of X is 28% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Siemens Healthineers Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 20% | XXX | 20% | XXX | XXX | XXX |
| EBITDA Growth | 7% | XXX | 2% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 23% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 28% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 16% | XXX | 17% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 0% | XXX | 17% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 8% | XXX | 8% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 25% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Siemens Healthineers Public Comps
See public comps and valuation multiples for other Medical Devices comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| IDEXX Laboratories | XXX | XXX | XXX | XXX | XXX | XXX |
| Edwards Lifesciences | XXX | XXX | XXX | XXX | XXX | XXX |
| Alcon | XXX | XXX | XXX | XXX | XXX | XXX |
| ResMed | XXX | XXX | XXX | XXX | XXX | XXX |
| GE HealthCare | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Siemens Healthineers M&A Activity
Siemens Healthineers acquired XXX companies to date.
Last acquisition by Siemens Healthineers was on XXXXXXXX, XXXXX. Siemens Healthineers acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Siemens Healthineers
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSiemens Healthineers Investment Activity
Siemens Healthineers invested in XXX companies to date.
Siemens Healthineers made its latest investment on XXXXXXXX, XXXXX. Siemens Healthineers invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Siemens Healthineers
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Siemens Healthineers
| When was Siemens Healthineers founded? | Siemens Healthineers was founded in 2017. |
| Where is Siemens Healthineers headquartered? | Siemens Healthineers is headquartered in Germany. |
| How many employees does Siemens Healthineers have? | As of today, Siemens Healthineers has over 73K employees. |
| Is Siemens Healthineers publicly listed? | Yes, Siemens Healthineers is a public company listed on Frankfurt Stock Exchange. |
| What is the stock symbol of Siemens Healthineers? | Siemens Healthineers trades under SHL ticker. |
| When did Siemens Healthineers go public? | Siemens Healthineers went public in 2018. |
| Who are competitors of Siemens Healthineers? | Siemens Healthineers main competitors are IDEXX Laboratories, Edwards Lifesciences, Alcon, ResMed. |
| What is the current market cap of Siemens Healthineers? | Siemens Healthineers' current market cap is $53B. |
| What is the current revenue of Siemens Healthineers? | Siemens Healthineers' last 12 months revenue is $27B. |
| What is the current revenue growth of Siemens Healthineers? | Siemens Healthineers revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Siemens Healthineers? | Current revenue multiple of Siemens Healthineers is 1.9x. |
| Is Siemens Healthineers profitable? | Yes, Siemens Healthineers is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Siemens Healthineers? | Siemens Healthineers' last 12 months EBITDA is $5B. |
| What is Siemens Healthineers' EBITDA margin? | Siemens Healthineers' last 12 months EBITDA margin is 20%. |
| What is the current EV/EBITDA multiple of Siemens Healthineers? | Current EBITDA multiple of Siemens Healthineers is 9.3x. |
| What is the current FCF of Siemens Healthineers? | Siemens Healthineers' last 12 months FCF is $3B. |
| What is Siemens Healthineers' FCF margin? | Siemens Healthineers' last 12 months FCF margin is 11%. |
| What is the current EV/FCF multiple of Siemens Healthineers? | Current FCF multiple of Siemens Healthineers is 17.0x. |
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