Valuation SAP SE

Equities

Real-time Estimate Tradegate Other stock markets 03:48:24 21/01/2026 pm IST			5-day change	1st Jan Change
192.20 ^EUR	-0.93%		-6.78%	-7.79%

20/01	DAX Index Extends Losing Streak; German Economic Sentiment Improves	MT
20/01	SAP SE : Receives a Buy rating from Jefferies	ZD

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	1,27,680	1,47,329	1,12,276	1,62,380	2,74,903	2,25,932	2,25,932	-
Change	-	15.39%	-23.79%	44.63%	69.3%	-17.81%	0%	-
Enterprise Value (EV) ¹	1,36,688	1,51,243	1,16,785	1,60,588	2,73,208	2,22,018	2,16,564	2,10,178
Change	-	10.65%	-22.78%	37.51%	70.13%	-18.74%	-2.46%	-2.95%
P/E ratio	24.6x	28x	49.2x	45.7x	89.2x	32x	28.3x	23.6x
PBR	4.27x	3.78x	2.81x	3.78x	6.06x	4.9x	4.46x	3.99x
PEG	-	11.07x	-0.9x	0.8x	-6.8x	0x	2.2x	1.2x
Capitalization / Revenue	4.67x	5.29x	3.64x	5.2x	8.04x	6.1x	5.5x	4.87x
EV / Revenue	5x	5.43x	3.78x	5.15x	7.99x	5.99x	5.27x	4.53x
EV / EBITDA	13.5x	15.1x	11.8x	15.9x	29x	19.3x	16.3x	13.7x
EV / EBIT	16.5x	18.4x	14.5x	18.4x	33.5x	21.5x	18.1x	15x
EV / FCF	22.8x	30.2x	26.9x	29x	66.4x	27.2x	22.8x	18.8x
FCF Yield	4.39%	3.31%	3.72%	3.44%	1.51%	3.68%	4.38%	5.31%
Dividend per Share ²	1.85	1.95	2.05	2.2	2.35	2.458	2.693	3.069
Rate of return	1.73%	1.56%	2.13%	1.58%	0.99%	1.27%	1.39%	1.58%
EPS ²	4.35	4.46	1.96	3.05	2.65	6.054	6.843	8.214
Distribution rate	42.5%	43.7%	105%	72.1%	88.7%	40.6%	39.4%	37.4%
Net sales ¹	27,343	27,842	30,871	31,207	34,176	37,041	41,060	46,346
EBITDA ¹	10,114	10,005	9,929	10,094	9,433	11,490	13,250	15,339
EBIT ¹	8,283	8,230	8,033	8,721	8,153	10,304	11,970	14,034
Net income ¹	5,280	5,383	1,714	3,564	3,124	7,077	7,982	9,465
Net Debt ¹	9,008	3,914	4,509	-1,792	-1,695	-3,914	-9,368	-15,754
Reference price ²	107.22	124.90	96.39	139.48	236.30	194.00	194.00	194.00
Nbr of stocks (in thousands)	11,90,824	11,79,579	11,64,814	11,64,184	11,63,363	11,64,600	11,64,600	-
Announcement Date	29/01/21	27/01/22	26/01/23	23/01/24	28/01/25	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
SAP SE	32.04x	5.99x	19.32x	1.27%	27TCr
ORACLE CORPORATION	31.67x	9.31x	17.29x	1.05%	52TCr
SERVICENOW, INC.	71.62x	9.26x	25.61x	-.--%	13TCr
STRATEGY INCORPORATED	29.02x	-	-	-	5.15TCr
CONSTELLATION SOFTWARE INC.	58.66x	3.68x	12.98x	0.21%	4.09TCr
FAIR ISAAC CORPORATION	42.51x	15.67x	25.66x	-.--%	3.55TCr
TOAST, INC.	61.35x	2.85x	28.17x	-.--%	1.93TCr
TRIMBLE, INC.	39.75x	4.89x	16.95x	-	1.66TCr
HUBSPOT, INC.	538.17x	4.62x	20.5x	-.--%	1.6TCr
Average	100.53x	7.03x	20.81x	0.36%	12.13TCr
Weighted average by Cap.	45.81x	8.19x	19.21x	0.87%