Published on 5 Mar 2024 on Simply Wall St. via Yahoo Finance
Siemens Aktiengesellschaft's (ETR:SIE) Stock Is Going Strong: Is the Market Following Fundamentals?
Most readers would already be aware that Siemens' (ETR:SIE) stock increased significantly by 14% over the past three months. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. Specifically, we decided to study Siemens' ROE in this article.
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
See our latest analysis for Siemens