(SAP) SAP SE - Overview
Stock: ERP, HR, Analytics, CRM, Spend, Cloud
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 0.91% |
| Yield on Cost 5y | 2.34% |
| Yield CAGR 5y | 6.16% |
| Payout Consistency | 98.9% |
| Payout Ratio | 31.1% |
| Risk 5d forecast | |
|---|---|
| Volatility | 70.0% |
| Relative Tail Risk | -5.65% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -1.24 |
| Alpha | -42.51 |
| Character TTM | |
|---|---|
| Beta | 0.187 |
| Beta Downside | 0.233 |
| Drawdowns 3y | |
|---|---|
| Max DD | 40.74% |
| CAGR/Max DD | 0.44 |
Description: SAP SAP SE January 26, 2026
SAP SE (XETRA:SAP) delivers a broad portfolio of enterprise-software solutions, including the S/4HANA ERP suite, SuccessFactors HR cloud, spend-management tools, Customer Experience applications, the Business Technology Platform for low-code development, and the Business Network for B2B collaboration. Complementary offerings such as Signavio process intelligence, LeanIX architecture management, WalkMe workflow automation, Enable Now e-learning, Taulia working-capital services, and sustainability solutions round out its end-to-end digital transformation stack.
Key recent metrics (FY 2025, disclosed Feb 2026): total revenue €30.9 bn (+5 % YoY), cloud-subscription revenue €13.2 bn (up 19 % YoY) representing 43 % of total sales, and operating margin 21.5 % (up from 19.8 % in FY 2024). The global ERP market is projected to grow at a 7.2 % CAGR through 2028, driven by accelerated cloud migration and AI-enabled process automation-trends that directly benefit SAP’s cloud-first strategy. However, competitive pressure from Microsoft Dynamics 365 and Oracle Cloud ERP remains high, and SAP’s ability to convert legacy on-premise customers to the cloud will be a decisive factor for future earnings.
For a deeper, data-driven assessment of SAP’s valuation dynamics, consider exploring the ValueRay platform’s analytical tools.
Piotroski VR‑10 (Strict, 0-10) 7.5
| Net Income: 7.33b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 5.76 > 1.0 |
| NWC/Revenue: 8.17% < 20% (prev 6.79%; Δ 1.37% < -1%) |
| CFO/TA 0.13 > 3% & CFO 9.11b > Net Income 7.33b |
| Net Debt (-149.0m) to EBITDA (13.17b): -0.01 < 3 |
| Current Ratio: 1.17 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.17b) vs 12m ago -0.34% < -2% |
| Gross Margin: 73.28% > 18% (prev 0.73%; Δ 7255 % > 0.5%) |
| Asset Turnover: 50.94% > 50% (prev 46.11%; Δ 4.83% > 0%) |
| Interest Coverage Ratio: 8.61 > 6 (EBITDA TTM 13.17b / Interest Expense TTM 1.38b) |
Altman Z'' 5.63
| A: 0.04 (Total Current Assets 20.26b - Total Current Liabilities 17.25b) / Total Assets 70.36b |
| B: 0.68 (Retained Earnings 47.51b / Total Assets 70.36b) |
| C: 0.16 (EBIT TTM 11.86b / Avg Total Assets 72.24b) |
| D: 1.95 (Book Value of Equity 48.92b / Total Liabilities 25.12b) |
| Altman-Z'' Score: 5.63 = AAA |
Beneish M -3.11
| DSRI: 0.87 (Receivables 7.27b/7.74b, Revenue 36.80b/34.18b) |
| GMI: 1.00 (GM 73.28% / 72.95%) |
| AQI: 1.00 (AQ_t 0.65 / AQ_t-1 0.65) |
| SGI: 1.08 (Revenue 36.80b / 34.18b) |
| TATA: -0.03 (NI 7.33b - CFO 9.11b) / TA 70.36b) |
| Beneish M-Score: -3.11 (Cap -4..+1) = AA |
What is the price of SAP shares?
Over the past week, the price has changed by +0.39%, over one month by -15.26%, over three months by -21.44% and over the past year by -36.87%.
Is SAP a buy, sell or hold?
What are the forecasts/targets for the SAP price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 262.4 | 53.2% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 169.6 | -1% |
SAP Fundamental Data Overview February 01, 2026
P/E Trailing = 28.2852
P/E Forward = 22.4719
P/S = 5.3977
P/B = 4.4786
P/EG = 0.7933
Revenue TTM = 36.80b EUR
EBIT TTM = 11.86b EUR
EBITDA TTM = 13.17b EUR
Long Term Debt = 6.09b EUR (from longTermDebt, two quarters ago)
Short Term Debt = 2.05b EUR (from shortTermDebt, last quarter)
Debt = 8.07b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = -149.0m EUR (from netDebt column, last quarter)
Enterprise Value = 196.93b EUR (198.63b + Debt 8.07b - CCE 9.77b)
Interest Coverage Ratio = 8.61 (Ebit TTM 11.86b / Interest Expense TTM 1.38b)
EV/FCF = 23.54x (Enterprise Value 196.93b / FCF TTM 8.37b)
FCF Yield = 4.25% (FCF TTM 8.37b / Enterprise Value 196.93b)
FCF Margin = 22.74% (FCF TTM 8.37b / Revenue TTM 36.80b)
Net Margin = 19.91% (Net Income TTM 7.33b / Revenue TTM 36.80b)
Gross Margin = 73.28% ((Revenue TTM 36.80b - Cost of Revenue TTM 9.83b) / Revenue TTM)
Gross Margin QoQ = 73.01% (prev 73.50%)
Tobins Q-Ratio = 2.80 (Enterprise Value 196.93b / Total Assets 70.36b)
Interest Expense / Debt = 6.41% (Interest Expense 517.0m / Debt 8.07b)
Taxrate = 31.48% (871.0m / 2.77b)
NOPAT = 8.13b (EBIT 11.86b * (1 - 31.48%))
Current Ratio = 1.17 (Total Current Assets 20.26b / Total Current Liabilities 17.25b)
Debt / Equity = 0.18 (Debt 8.07b / totalStockholderEquity, last quarter 44.75b)
Debt / EBITDA = -0.01 (Net Debt -149.0m / EBITDA 13.17b)
Debt / FCF = -0.02 (Net Debt -149.0m / FCF TTM 8.37b)
Total Stockholder Equity = 45.44b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.14% (Net Income 7.33b / Total Assets 70.36b)
RoE = 16.12% (Net Income TTM 7.33b / Total Stockholder Equity 45.44b)
RoCE = 23.01% (EBIT 11.86b / Capital Employed (Equity 45.44b + L.T.Debt 6.09b))
RoIC = 17.84% (NOPAT 8.13b / Invested Capital 45.54b)
WACC = 6.51% (E(198.63b)/V(206.71b) * Re(6.60%) + D(8.07b)/V(206.71b) * Rd(6.41%) * (1-Tc(0.31)))
Discount Rate = 6.60% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -100.0 | Cagr: -0.25%
[DCF Debug] Terminal Value 85.86% ; FCFF base≈6.84b ; Y1≈8.12b ; Y5≈12.65b
Fair Price DCF = 262.9 (EV 306.05b - Net Debt -149.0m = Equity 306.20b / Shares 1.16b; r=6.51% [WACC]; 5y FCF grow 19.95% → 2.90% )
EPS Correlation: 63.62 | EPS CAGR: 13.73% | SUE: 1.09 | # QB: 2
Revenue Correlation: 91.01 | Revenue CAGR: 10.00% | SUE: -2.20 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.64 | Chg30d=+0.044 | Revisions Net=-2 | Analysts=6
EPS current Year (2026-12-31): EPS=7.25 | Chg30d=+0.103 | Revisions Net=+3 | Growth EPS=+18.0% | Growth Revenue=+9.2%
EPS next Year (2027-12-31): EPS=8.52 | Chg30d=-0.013 | Revisions Net=+2 | Growth EPS=+17.4% | Growth Revenue=+13.6%