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SAP SE

SAP

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SAP SE is a German enterprise software company that provides business applications and related services to organizations worldwide. SAP SE's current portfolio centers on enterprise resource planning, finance, procurement, human resources, supply chain, customer experience, analytics, and business AI, helping companies manage core operations through integrated digital systems. The company also offers cloud-based platforms and collaboration tools, including solutions for application development, process automation, business network connectivity, and industry-specific workflows. Its software is used across sectors such as manufacturing, retail, healthcare, financial services, logistics, and the public sector, making SAP SE a key provider of mission-critical technology for large and mid-sized enterprises. Headquartered in Walldorf, Germany, SAP SE remains a central name in enterprise applications and corporate digital transformation.

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap€248.16B
EPS€6.85
P/E31.31
P/FCF28.43
EV/EBITDA21.42
FCF Yield3.5%
Div. Yield1.17%
Net Debt/FCF-0.3x
SAP SE intrinsic value
52-Week Range
€128.32€227.95

Profitability & Returns

Revenue (TTM)

€38.19B

▲ +7.7% YoY

Net Income (TTM)

€7.94B

▲ +132.6% YoY

Op. Margin

26.75%

▲ +3.3pp YoY

ROIC

12.59%

▲ +3.1pp YoY

Cash Flow & Balance Sheet

FCF (TTM)

€8.73B

▲ +90.3% YoY

Op. Cash Flow (TTM)

€9.46B

▲ +22.3% YoY

Net Debt

-€2.30B

Net Cash Position

Cash & Equiv.

€9.77B

3Y CAGR: +7.6%

3Y CAGR: +20.8%

Continue Research

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Held by ETFs

SAP is in 209 US ETFs. The largest of them, with SAP's weight in each:

SAP (SAP) in four numbers

Fair value (earnings)
€189.25
Price €214.30 is 13% above it.
Intrinsic Value
Quality score
78/100
Best check: cash flow growth, 16.3%. Weakest: return on capital, 12.6%.
Quality
Dividend (TTM)
€2.50
1.17% yield, raised 3 years in a row.
Dividends
P/E
31.31
Price to free cash flow 28.43.
Financials

Questions about SAP

Is SAP (SAP) overvalued?

At €214.30, SAP's price is 13% above the €189.25 a share fair value that Intrinsiqq's calculator gets from its earnings. It trades at 31.31 times earnings and 28.43 times free cash flow. The growth behind that figure is yours to set on the Intrinsic Value tab. See how to tell if a stock is overvalued.

What is SAP's fair value?

Intrinsiqq's calculator puts SAP's fair value at €189.25 a share. It grows earnings per share 7.5% a year for 5 years, applies an exit P/E of 29.1, and works back at a 10% yearly return. A 25% margin of safety gives a buy-below price of €141.94. Every input can be changed on the Intrinsic Value tab.

Is SAP a high-quality business?

SAP scores 78 out of 100 on Intrinsiqq's quality score, which makes it a solid business on these measures. The score blends 8 checks computed from company filings. Its best check is cash flow growth at 16.3%, and its weakest is return on capital at 12.6%. The Quality tab shows every check against its target.

Does SAP (SAP) pay a dividend, and how much?

Yes. SAP (SAP) pays a dividend: €2.50 per share over the last twelve months, a dividend yield of 1.17% at the latest close. It has raised its dividend per share for 3 years in a row, growing at 6.2% a year over the last 5 years. The payout takes about 36.5% of earnings.

Source: company filings. Price: last close 4 Nov 2026. How this is calculated. Sector medians are approximate S&P 500 benchmarks and update periodically. Analysis, not investment advice.

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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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