• Siemens AG average return on tangible equity for 2023 was 93.55, a 126.51% decline from 2022.
• Siemens AG average return on tangible equity for 2022 was 41.3, a 11.32% increase from 2021.
• Siemens AG average return on tangible equity for 2021 was 46.57, a 79.05% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.