• Siemens AG average return on tangible equity for 2023 was 99.84, a 161.36% decline from 2022.
• Siemens AG average return on tangible equity for 2022 was 38.2, a 27.94% increase from 2021.
• Siemens AG average return on tangible equity for 2021 was 53.01, a 110.86% 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.