Valuation SAP SE Swiss Exchange

Stocks

End-of-day quote Swiss Exchange Other stock markets 2025-11-27			5-day change	1st Jan Change
121.20 ^EUR	-.--%		-.--%	-

06-19	SAP SE : UBS keeps its Buy rating	ZD
06-19	SAP SE : Berenberg reiterates its Buy rating	ZD

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	147,329	112,276	162,380	274,903	242,644	156,616	-	-
Change	-	-23.79%	44.63%	69.3%	-11.73%	-35.45%	-	-
Enterprise Value (EV) ¹	151,243	116,785	160,588	273,208	239,263	147,926	138,538	134,779
Change	-	-22.78%	37.51%	70.13%	-12.42%	-38.17%	-6.35%	-2.71%
P/E	28x	49.2x	45.7x	89.2x	33.2x	18.8x	15.9x	13.6x
PBR	3.78x	2.81x	3.78x	6.06x	5.43x	3.23x	2.93x	2.67x
PEG	-	-0.9x	0.8x	-6.8x	0x	1.4x	0.9x	0.8x
Capitalization / Revenue	5.29x	3.64x	5.2x	8.04x	6.59x	3.9x	3.46x	3.12x
EV / Revenue	5.43x	3.78x	5.15x	7.99x	6.5x	3.68x	3.06x	2.69x
EV / EBITDA	15.1x	11.8x	15.9x	29x	20.4x	11.2x	9.14x	7.82x
EV / EBIT	18.4x	14.5x	18.4x	33.5x	23x	12.4x	10x	8.48x
EV / FCF	30.2x	26.9x	29x	66.4x	29x	14.8x	12.4x	11x
FCF Yield	3.31%	3.72%	3.44%	1.51%	3.44%	6.76%	8.08%	9.1%
Dividend per Share ²	1.95	2.05	2.2	2.35	-	2.694	3.043	3.451
Rate of return	1.56%	2.13%	1.58%	0.99%	-	2.01%	2.27%	2.57%
EPS ²	4.46	1.96	3.05	2.65	6.28	7.136	8.436	9.84
Distribution rate	43.7%	105%	72.1%	88.7%	-	37.8%	36.1%	35.1%
Net sales ¹	27,842	30,871	31,207	34,176	36,800	40,158	45,241	50,190
EBITDA ¹	10,005	9,929	10,094	9,433	11,730	13,162	15,155	17,243
EBIT ¹	8,230	8,033	8,721	8,153	10,419	11,884	13,803	15,895
Net income ¹	5,383	1,714	3,564	3,124	7,492	8,181	9,574	11,028
Net Debt ¹	3,914	4,509	-1,792	-1,695	-3,381	-8,691	-18,079	-21,837
Reference price ²	124.90	96.39	139.48	236.30	208.35	134.14	134.14	134.14
Nbr of stocks (in thousands)	1,179,579	1,164,814	1,164,184	1,163,363	1,164,600	1,167,559	-	-
Announcement Date	1/27/22	1/26/23	1/23/24	1/28/25	1/29/26	-	-	-

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.($)
ORACLE CORPORATION	31.71x	9.43x	17.47x	1.06%	530B
SERVICENOW, INC.	47.77x	5.62x	15.44x	-.--%	98.02B
CONSTELLATION SOFTWARE INC.	32.95x	3.13x	11.26x	0.2%	41.44B
FAIR ISAAC CORPORATION	28.9x	11.4x	18.58x	-.--%	25.43B
TOAST, INC.	27.74x	1.64x	14.98x	-.--%	14.3B
TRIMBLE, INC.	21.88x	3.14x	10.59x	-	11.46B
SAGE GROUP PLC	18.25x	3.15x	11.57x	2.87%	9.7B
HUBSPOT, INC.	47.01x	1.92x	7.84x	-.--%	9.02B
GUIDEWIRE SOFTWARE, INC.	61.11x	5.81x	24.9x	-.--%	8.98B
Average	35.26x	5.03x	14.74x	0.52%	83.15B
Weighted average by Cap.	33.92x	8.19x	16.64x	0.81%