(SAP) SAP SE - Overview
Exchange: NYSE •
Country: Germany •
Currency: USD •
Type: Common Stock •
ISIN: US8030542042
Enterprise Applications, Business Technology Platform, Cloud Solutions, Analytics
Total Rating 46
Risk 93
Buy Signal -1.75
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 0.91% |
| Yield on Cost 5y | 2.21% |
| Yield CAGR 5y | 4.70% |
| Payout Consistency | 92.5% |
| Payout Ratio | 37.8% |
| Risk 5d forecast | |
|---|---|
| Volatility | 27.5% |
| Relative Tail Risk | -0.30% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.50 |
| Alpha | -28.73 |
| Character TTM | |
|---|---|
| Beta | 0.833 |
| Beta Downside | 0.797 |
| Drawdowns 3y | |
|---|---|
| Max DD | 27.84% |
| CAGR/Max DD | 0.96 |
Description: SAP SAP SE January 26, 2026
SAP SE (NYSE: SAP) delivers a broad suite of enterprise-software solutions, including the S/4HANA ERP platform, SuccessFactors HR suite, Spend Management, Customer Experience, Business Technology Platform, Business Network, Signavio process intelligence, industry-specific applications, and ancillary tools such as LeanIX, WalkMe, Enable Now, Taulia, and sustainability services.
In FY 2023 SAP reported total revenue of €27.84 billion, with cloud-based subscription revenue growing 20 % year-over-year to €9.5 billion, while operating margin held at 21 % despite a modest slowdown in on-premise licensing. R&D intensity remained high at 14 % of revenue, reflecting continued investment in AI-enabled analytics and integration capabilities.
The enterprise-software market is being driven by accelerating digital transformation budgets, a projected 10 % CAGR in global cloud ERP spend through 2028, and heightened demand for AI-augmented process automation. However, macro-economic headwinds-particularly slower corporate capex in Europe and supply-chain volatility-create uncertainty around near-term subscription growth rates.
For a deeper, data-rich assessment of SAP’s valuation dynamics, consider exploring the analyst dashboards on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 5.5
| Net Income: 7.08b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -2.19 > 1.0 |
| NWC/Revenue: 5.78% < 20% (prev 5.56%; Δ 0.22% < -1%) |
| CFO/TA 0.09 > 3% & CFO 7.31b > Net Income 7.08b |
| Net Debt (666.2m) to EBITDA (12.42b): 0.05 < 3 |
| Current Ratio: 1.10 > 1.5 & < 3 |
| Outstanding Shares: last quarter (1.18b) vs 12m ago -0.08% < -2% |
| Gross Margin: 73.55% > 18% (prev 0.73%; Δ 7282 % > 0.5%) |
| Asset Turnover: 48.65% > 50% (prev 47.77%; Δ 0.89% > 0%) |
| Interest Coverage Ratio: 9.52 > 6 (EBITDA TTM 12.42b / Interest Expense TTM 1.17b) |
Altman Z'' 5.31
| A: 0.03 (Total Current Assets 22.22b - Total Current Liabilities 20.11b) / Total Assets 80.37b |
| B: 0.67 (Retained Earnings 53.66b / Total Assets 80.37b) |
| C: 0.15 (EBIT TTM 11.09b / Avg Total Assets 75.01b) |
| D: 1.88 (Book Value of Equity 55.44b / Total Liabilities 29.56b) |
| Altman-Z'' Score: 5.31 = AAA |
Beneish M -2.87
| DSRI: 1.11 (Receivables 7.28b/6.00b, Revenue 36.49b/33.27b) |
| GMI: 0.99 (GM 73.55% / 72.72%) |
| AQI: 1.02 (AQ_t 0.66 / AQ_t-1 0.64) |
| SGI: 1.10 (Revenue 36.49b / 33.27b) |
| TATA: -0.00 (NI 7.08b - CFO 7.31b) / TA 80.37b) |
| Beneish M-Score: -2.87 (Cap -4..+1) = A |
What is the price of SAP shares?
As of January 29, 2026, the stock is trading at USD 236.11 with a total of 2,168,237 shares traded.
Over the past week, the price has changed by +4.89%, over one month by -4.04%, over three months by -12.57% and over the past year by -12.98%.
Over the past week, the price has changed by +4.89%, over one month by -4.04%, over three months by -12.57% and over the past year by -12.98%.
Is SAP a buy, sell or hold?
SAP SE has received a consensus analysts rating of 4.31.
Therefore, it is recommended to buy SAP.
- StrongBuy: 7
- Buy: 7
- Hold: 2
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the SAP price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 336 | 42.3% |
| Analysts Target Price | 336 | 42.3% |
| ValueRay Target Price | 258.3 | 9.4% |
SAP Fundamental Data Overview January 29, 2026
Market Cap EUR = 227.65b (272.96b USD * 0.834 USD.EUR)
P/E Trailing = 32.6732
P/E Forward = 26.8817
P/S = 7.4796
P/B = 5.3596
P/EG = 0.9493
Revenue TTM = 36.49b EUR
EBIT TTM = 11.09b EUR
EBITDA TTM = 12.42b EUR
Long Term Debt = 6.09b EUR (from longTermDebt, last quarter)
Short Term Debt = 3.56b EUR (from shortTermDebt, last quarter)
Debt = 10.72b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 666.2m EUR (from netDebt column, last quarter)
Enterprise Value = 229.81b EUR (227.65b + Debt 10.72b - CCE 8.55b)
Interest Coverage Ratio = 9.52 (Ebit TTM 11.09b / Interest Expense TTM 1.17b)
EV/FCF = 35.45x (Enterprise Value 229.81b / FCF TTM 6.48b)
FCF Yield = 2.82% (FCF TTM 6.48b / Enterprise Value 229.81b)
FCF Margin = 17.76% (FCF TTM 6.48b / Revenue TTM 36.49b)
Net Margin = 19.41% (Net Income TTM 7.08b / Revenue TTM 36.49b)
Gross Margin = 73.55% ((Revenue TTM 36.49b - Cost of Revenue TTM 9.65b) / Revenue TTM)
Gross Margin QoQ = 73.50% (prev 73.34%)
Tobins Q-Ratio = 2.86 (Enterprise Value 229.81b / Total Assets 80.37b)
Interest Expense / Debt = 2.91% (Interest Expense 312.0m / Debt 10.72b)
Taxrate = 25.28% (694.0m / 2.75b)
NOPAT = 8.28b (EBIT 11.09b * (1 - 25.28%))
Current Ratio = 1.10 (Total Current Assets 22.22b / Total Current Liabilities 20.11b)
Debt / Equity = 0.21 (Debt 10.72b / totalStockholderEquity, last quarter 50.30b)
Debt / EBITDA = 0.05 (Net Debt 666.2m / EBITDA 12.42b)
Debt / FCF = 0.10 (Net Debt 666.2m / FCF TTM 6.48b)
Total Stockholder Equity = 46.53b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.44% (Net Income 7.08b / Total Assets 80.37b)
RoE = 15.22% (Net Income TTM 7.08b / Total Stockholder Equity 46.53b)
RoCE = 21.07% (EBIT 11.09b / Capital Employed (Equity 46.53b + L.T.Debt 6.09b))
RoIC = 17.35% (NOPAT 8.28b / Invested Capital 47.75b)
WACC = 8.68% (E(227.65b)/V(238.37b) * Re(8.99%) + D(10.72b)/V(238.37b) * Rd(2.91%) * (1-Tc(0.25)))
Discount Rate = 8.99% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.04%
[DCF Debug] Terminal Value 75.99% ; FCFF base≈6.75b ; Y1≈6.90b ; Y5≈7.65b
Fair Price DCF = 100.8 (EV 118.12b - Net Debt 666.2m = Equity 117.45b / Shares 1.16b; r=8.68% [WACC]; 5y FCF grow 2.20% → 2.90% )
EPS Correlation: 11.82 | EPS CAGR: -1.42% | SUE: 0.59 | # QB: 0
Revenue Correlation: 82.70 | Revenue CAGR: 3.49% | SUE: -0.01 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.90 | Chg30d=+0.003 | Revisions Net=+0 | Analysts=5
EPS next Year (2026-12-31): EPS=8.47 | Chg30d=+0.015 | Revisions Net=+3 | Growth EPS=+21.7% | Growth Revenue=+10.8%
P/E Trailing = 32.6732
P/E Forward = 26.8817
P/S = 7.4796
P/B = 5.3596
P/EG = 0.9493
Revenue TTM = 36.49b EUR
EBIT TTM = 11.09b EUR
EBITDA TTM = 12.42b EUR
Long Term Debt = 6.09b EUR (from longTermDebt, last quarter)
Short Term Debt = 3.56b EUR (from shortTermDebt, last quarter)
Debt = 10.72b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 666.2m EUR (from netDebt column, last quarter)
Enterprise Value = 229.81b EUR (227.65b + Debt 10.72b - CCE 8.55b)
Interest Coverage Ratio = 9.52 (Ebit TTM 11.09b / Interest Expense TTM 1.17b)
EV/FCF = 35.45x (Enterprise Value 229.81b / FCF TTM 6.48b)
FCF Yield = 2.82% (FCF TTM 6.48b / Enterprise Value 229.81b)
FCF Margin = 17.76% (FCF TTM 6.48b / Revenue TTM 36.49b)
Net Margin = 19.41% (Net Income TTM 7.08b / Revenue TTM 36.49b)
Gross Margin = 73.55% ((Revenue TTM 36.49b - Cost of Revenue TTM 9.65b) / Revenue TTM)
Gross Margin QoQ = 73.50% (prev 73.34%)
Tobins Q-Ratio = 2.86 (Enterprise Value 229.81b / Total Assets 80.37b)
Interest Expense / Debt = 2.91% (Interest Expense 312.0m / Debt 10.72b)
Taxrate = 25.28% (694.0m / 2.75b)
NOPAT = 8.28b (EBIT 11.09b * (1 - 25.28%))
Current Ratio = 1.10 (Total Current Assets 22.22b / Total Current Liabilities 20.11b)
Debt / Equity = 0.21 (Debt 10.72b / totalStockholderEquity, last quarter 50.30b)
Debt / EBITDA = 0.05 (Net Debt 666.2m / EBITDA 12.42b)
Debt / FCF = 0.10 (Net Debt 666.2m / FCF TTM 6.48b)
Total Stockholder Equity = 46.53b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.44% (Net Income 7.08b / Total Assets 80.37b)
RoE = 15.22% (Net Income TTM 7.08b / Total Stockholder Equity 46.53b)
RoCE = 21.07% (EBIT 11.09b / Capital Employed (Equity 46.53b + L.T.Debt 6.09b))
RoIC = 17.35% (NOPAT 8.28b / Invested Capital 47.75b)
WACC = 8.68% (E(227.65b)/V(238.37b) * Re(8.99%) + D(10.72b)/V(238.37b) * Rd(2.91%) * (1-Tc(0.25)))
Discount Rate = 8.99% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.04%
[DCF Debug] Terminal Value 75.99% ; FCFF base≈6.75b ; Y1≈6.90b ; Y5≈7.65b
Fair Price DCF = 100.8 (EV 118.12b - Net Debt 666.2m = Equity 117.45b / Shares 1.16b; r=8.68% [WACC]; 5y FCF grow 2.20% → 2.90% )
EPS Correlation: 11.82 | EPS CAGR: -1.42% | SUE: 0.59 | # QB: 0
Revenue Correlation: 82.70 | Revenue CAGR: 3.49% | SUE: -0.01 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.90 | Chg30d=+0.003 | Revisions Net=+0 | Analysts=5
EPS next Year (2026-12-31): EPS=8.47 | Chg30d=+0.015 | Revisions Net=+3 | Growth EPS=+21.7% | Growth Revenue=+10.8%