SAP SE (SAP) is a publicly traded company in the Technology — Software - Application industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
SAP SE, founded in Walldorf, Germany, in 1972, is a global provider of diverse software applications, technology, and services. The company's core enterprise resource planning (ERP) platform, SAP S/4HANA, offers robust functionalities for finance, risk management, project execution, procurement, manufacturing, supply chain optimization, asset management, and research and development.
Is SAP SE stock overvalued or undervalued in 2026?
SAP SE (SAP) trades at 30.2× earnings (P/E), below the median of the 314 technology companies over $2bn in Kaplio's universe. At the decade median (25.5×) $200 (-16 %); at its sector median (32.0×) $251 (+6 %).
Kaplio overview: SAP SE
Market cap $276B · 52 weeks $146 – $272 (12 % below the high) · P/E 30.2× · 2027 expected P/E 25.3× · Dividend 1.2 % · Next earnings February 4, 2027 · expected EPS $2.20 · Closing price, Oct 28 · accounts published Oct 21.
- Valuation: P/E 30.2× (fairly priced).
- Business: ROIC 13 % (fair).
- Balance sheet: Net cash/EBITDA 0.0× (solid).
- Earnings: 6 of 8 (on track).
What would it be worth at its usual multiples?
At the decade median (25.5×) $200 (-16 %); at its sector median (32.0×) $251 (+6 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in technology: 5 of 8 pass
- 3y revenue growth 7.7 %, fails.
- Rule of 40 (SaaS only) 29, fails.
- ROIC 13.1 %, fails.
- Gross margin 72.9 %, passes, near the threshold.
- FCF / Revenue 21.6 %, passes, near the threshold.
- SBC / Revenue 0.0 %, passes.
- Net debt / EBITDA −0.0×, passes.
- EV/EBITDA vs own 5y 19.2×, passes.
Against its peers (reference peers) — SAP SE: P/E 30.2×; EV/EBITDA 19.2×; ROIC 13.1 %; $276B. Salesforce, Inc. (P/E 22.1×; EV/EBITDA 13.8×; ROIC 8.7 %; $199B), Automatic Data Processing, Inc. (P/E 26.1×; EV/EBITDA 18.7×; ROIC 23.9 %; $113B), Workday, Inc. (P/E 41.5×; EV/EBITDA 32.0×; ROIC 11.4 %; $49.3B).
Expensive or cheap against its last ten years?
P/E at each close: today 30.2× · median 25.5× · minimum 13.9× · maximum 61.9× · cheap below 23.0× · expensive above 33.4×. It has been cheaper than today 72% of the time over its last ten years.
Dividend
tight (only raised recently) · Yield 1.2 % ($2.51 per ADS in 2025) · Years raising it 2 · 5-year growth +8 % a year · Free cash flow coverage 2.4× · With $1,000 invested today you'd collect $11.70 a year ($0.97 a month).
Investor methods verdict
Would Buffett approve SAP today?
The Buffett Method would wait for a better price for SAP: it yields 2.2% before tax; it asks for 10%. Business quality: 85 out of 100 (price not included). Kaplio assessment with data from the week of 2026-10-26; not investment advice.
Would Peter Lynch approve SAP today?
The Lynch Method would wait for a better price for SAP: P/E 30.2 with 8% growth; it asks that the P/E not exceed growth. Business quality: 91 out of 100 (price not included). Lynch classifies it as a stalwart. Kaplio assessment with data from the week of 2026-10-26; not investment advice.
Profitability
| Return on Equity | 17.84% |
| Return on Invested Capital | 13.13% |
| Return on Assets | 10.53% |
| Gross Margin | 72.77% |
| Operating Margin | 27.42% |
| Net Margin | 20.42% |
Financial Health
| Debt / Equity | 0.23 |
| Current Ratio | 1.16 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 7.73 |
Price Performance
| 1 month | +11.83% |
| 3 months | +28.42% |
| Year-to-date | -2.93% |
| 1 year | -9.18% |
| 3 years | +76.43% |
| 5 years | +62.87% |
| 10 years | +168.44% |
Dividend History
Paid in the last 12 months: $2.9407 per share in 1 payments.
| Date | Amount |
|---|---|
| 2026-05-05 | $2.9407 |
| 2025-05-13 | $2.6298 |
| 2024-05-16 | $2.3913 |
| 2023-05-12 | $2.2330 |
| 2022-05-19 | $2.6085 |
| 2021-05-13 | $2.2599 |
| 2020-05-21 | $1.7337 |
| 2019-05-16 | $1.6743 |
| 2018-05-18 | $1.6546 |
| 2017-05-11 | $1.3721 |
Amounts adjusted for stock splits.
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Explore sector: Technology · Software - Application
More sections of SAP: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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