"The stock trades at 5.8x 2013e EV/EBITA, a 25% discount to the sector average, which seems unjustified to us given the group's attractive exposure to energy efficiency, smart grid and gas turbines," Societe Generale analysts wrote in an April 26 report.
Shares of Siemens hit a 52-week low Tuesday of $84.50. The stock's 52-week high of $138.46 was set on July 1.Siemens trades at an estimated price-to-earnings ratio for next year of 9.91 times; the average for diversified industrial companies is 8.31. Analysts were split on Siemens with two rating it buy and another two giving the stock a hold rating. The stock has fallen 10.87% year to date.