Can ABB India beat Siemens and Cummins India in the long run? (Photo: ABB India handout) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Shares of ABB India Ltd. have fallen sharply this year, registering a downtick of more than 24% on a year-to-date basis. Over a 12-month period, the stock has gone through a strong valuation correction, falling more than 35%.

ABB India, in fact, has lagged behind other multinational capital goods companies such as Siemens Ltd. and Cummins India Ltd.

The most evident factor is valuation. ABB India currently trades at 57 times its price to earnings, compared to its five-year average of 74 times. This represents a 23% discount.

In contrast, Siemens commands a premium of 69% to its historical average. The stock is currently trading at time

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