1057 GMT - Siemens shares are trading at their largest premium to peers in a decade and are "well above levels that can be justified," Panmure Liberum's Joachim Klement writes. While Europe's data center build-out and demand arising from industrial automation will support the stock, two of the company's three divisions will suffer from subdued order demand, Klement notes. The company's earnings outlook also suggests the stock is overvalued, with earnings per share expected to drop by over 16% in the year to October 2026, Klement notes. While the long-term earnings outlook is more positive, "this kind of growth does not justify current valuations," Klement says. Siemens shares fall 2.4%. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
February 16, 2026 05:57 ET (10:57 GMT)
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