Stock · SAP.DE · Technology
Germany · Large Cap · listed since 1998 · Revenue 12 mo. €39.4B
Price as of 11/06/2026
SAP SE, together with its subsidiaries, provides enterprise application and business solutions worldwide.
SAP SE, together with its subsidiaries, provides enterprise application and business solutions worldwide. It offers SAP Business AI; SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR, time, payroll, talent and employee experience management, and analytics and planning; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management. The company also provides SAP customer experience solutions; SAP Business Technology platform that enables customers and partners to build, integrate, and automate applications; and SAP Business Network, a business-to-business collaboration platform that helps digitalize key business processes across the supply chain and enables communication between trading partners. In addition, it offers SAP Signavio to help customers to discover, analyze, and understand business process operations; industry solutions that provide customers and partners with industry-specific solutions; and SAP LeanIX to visualize enterprise architecture, assess interdependencies and the potential impact of IT modernization, and manage the transition toward the target landscape. Further, the company provides WalkMe to execute workflows; SAP Enable Now, which offers e-learning content embedded in SAP workflows; Taulia solutions for working capital management; and sustainability solutions and services. Additionally, it provides services and support solutions. The company has a strategic collaboration with Fresenius SE & Co. KGaA and Avelios Medical GmbH for the development of a cloud-native, hospital information system that enables digitalization of clinical and administrative processes with AI integration. SAP SE was founded in 1972 and is headquartered in Walldorf, Germany.
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Summary
62.4 of 100
Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.
Analysis
What the price requires
If free cash flow stays at €8.4B (2025), it supports €93.5B. The remaining €149.7B of the market value assume it grows 13.3% a year for 10 years and not at all afterwards.
Required FCF growth per year
13.3%
no growth afterwards
Price to operating cash flow 24.8×, within its usual range.
Middle half of 20 quarters: 21.0× to 31.1×, median 24.3×.
Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.
with respect to the priced-in expectation
with respect to the priced-in expectation
Since the last quarter
Q2 → Q3 2026
6 more unchanged: Revenue, 12 mo., Gross margin, EBIT margin, FCF margin, Shares outstanding, Return on equity
Derivation
Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.
Price as of 11/06/2026.
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Return on equity | 16.06% | 14.60% | Rank 55 |
| Return on capital (Greenblatt) | 131.08% | 29.77% | Rank 86 |
| EBIT margin | 26.13% | 17.40% | Rank 73 |
| FCF margin | 22.87% | 18.54% | Rank 66 |
| Gross margin | 72.86% | 48.47% | Rank 80 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Revenue growth, 1 year | 7.68% | 12.70% | Rank 32 |
| Earnings growth, 3 years per year | 46.36% | 9.54% | Rank 92 |
| Earnings growth, 5 years per year | 6.96% | 14.07% | Rank 27 |
| Sustainable growth (ROE × retained earnings) | 2.01% | 2.87% | Rank 41 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Earnings yield | 2.89% | 2.64% | Rank 56 |
| FCF yield | 3.46% | 3.06% | Rank 55 |
| EV/saleslower is better | 6.56 | 5.18 | Rank 39 |
| EV/EBITlower is better | 25.12 | 26.24 | Rank 53 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Share price, 1 year | −12.91% | −0.59% | Rank 35 |
| Share price, 6 months | 44.64% | −4.46% | Rank 95 |
| Share price, 3 months | 23.56% | −5.84% | Rank 95 |
| Distance from 52-week high | −3.50% | −33.23% | Rank 92 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Accruals (Sloan)lower is better | −1.43% | 1.65% | Rank 70 |
| Change in share countlower is better | −0.42% | −0.17% | Rank 57 |
| Dividend streak in years | 2 | 8 | Rank 45 |
| Price reaction to results, market-adjusted | 3.00% | −1.57% | Rank 72 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Equity ratio | 63.37% | 53.98% | Rank 69 |
| Net debt/EBITDAlower is better | −0.13 | −0.20 | Rank 48 |
| Debt to equitylower is better | 0.18 | 0.33 | Rank 66 |
| Volatility, 1 yearlower is better | 40.89% | 50.37% | Rank 75 |
Ten years in figures
| Year | Revenue, €B | EBIT margin | FCF, €B | Shares | Net debt |
|---|---|---|---|---|---|
| 2016 | 22.1 | 23.3% | 3.6 | 1.20B | €4.2B |
| 2017 | 23.5 | 20.8% | 3.8 | 1.20B | €2.3B |
| 2018 | 24.7 | 23.1% | 2.8 | 1.19B | €2.7B |
| 2019 | 27.6 | 23.0% | 2.7 | 1.19B | €8.4B |
| 2020 | 27.3 | 24.2% | 6.4 | 1.18B | €10.2B |
| 2021 | 27.0 | 23.4% | 5.4 | 1.18B | €6.2B |
| 2022 | 30.9 | 15.1% | 4.8 | 1.18B | €4.1B |
| 2023 | 31.2 | 18.6% | 5.5 | 1.18B | €667.0M |
| 2024 | 34.2 | 13.7% | 4.4 | 1.18B | €1.0B |
| 2025 | 36.8 | 26.1% | 8.4 | 1.18B | −€149.0M |
5 of 7 StockScorer Score rules met · How the score is built
SAP SE mainly meets criteria in the Profitability category. Result from 18 strategies checked.
SAP SE is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.
5 of 7 rules met
8 of 11 points
Detail data
Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.
With a free account, you can see the match across all strategies checked in one complete overview.
Selected fundamental metrics for SAP SE.
| Metric | Stock | Sector |
|---|---|---|
| P/E ratio | 34.6 | 35.1 |
| P/B ratio | 5.6 | 5.5 |
| Return on equity (ROE) | 16.1% | 14.6% |
| Equity ratio | 63.4% | 54.0% |
| Debt-to-equity (D/E) | 0.18 | 0.33 |
| Dividend yield | 1.2% | 0.9% |
How comparable stocks in the same sector score in the StockScorer model.
| Symbol | Company | Rating |
|---|---|---|
| SAP.DE | SAP SEthis page | |
| SHOP.TO | Shopify Inc | Low1.8 |
| CRM | Salesforce.com Inc | High6.4 |
| UBER | Uber Technologies Inc | High8.2 |
| ADP | Automatic Data Processing Inc | locked |
| NOW | ServiceNow Inc | locked |
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Learn more about the metrics in the metrics glossary or all rated stocks in the stock overview.
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