SAP (SAP) valuation

Run six valuation models on SAP with live data: DCF, Reverse DCF, Graham number, Monte Carlo, scenarios and sum-of-the-parts (NAV).

SAP
SAP

SAP

SAP · Technology

Current price

203,08 €

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Valuation

Market cap
€234.39B
PE (TTM | NTM | +1y)
26.31 | 21.15 | 21.15
Price / Sales
6.14
EV / EBITDA
289.75
Price / Book
63.92

Cash flow

FCF yield(7.88 / 203.07)
+3.88%
SBC-adjusted FCF yield(6.58 / 203.07)
+3.24%
SBC impact
-16.49%

Margins & growth

Profit margin
+20.41%
Operating margin
+27.62%
Quarterly earnings (YoY)
+28.46%
Quarterly revenue (YoY)
+9.43%

Balance

Cash
€11.62B
Debt
€9.94B
Net position
€1.69B

Dividend

Dividend yield
+1.4%
Payout ratio
+37.53%
Next payout
5/15/2026

Price (1 year)

-26.91%
€277.85

Revenue

estimate
Q2 25: €9.03BQ2 25Q3 25: €9.08BQ3 25Q4 25: €9.68BQ4 25Q1 26: €9.56BQ1 26Q2 26: €9.88BQ2 26Q3 26 · estimate: €10.08BQ3 26€10.08B

EBITDA

Q2 25: €3.09BQ2 25Q3 25: €3.38BQ3 25Q4 25: €2.51BQ4 25Q1 26: €3.34BQ1 26Q2 26: €3.65BQ2 26€3.65B

Net income

Q2 25: €1.7BQ2 25Q3 25: €2BQ3 25Q4 25: €1.68BQ4 25Q1 26: €1.93BQ1 26Q2 26: €2.18BQ2 26€2.18B

Free cash flow

Q2 25: €2.39BQ2 25Q3 25: €1.3BQ3 25Q4 25: €1.12BQ4 25Q1 26: €3.27BQ1 26Q2 26: €3.04BQ2 26€3.27B

EPS

estimate
Q2 25: 1.44Q2 25Q3 25: 1.71Q3 25Q4 25: 1.57Q4 25Q1 26: 1.65Q1 26Q2 26: 1.88Q2 26Q3 26 · estimate: 2.08Q3 262.08

Cash & debt

CashDebt
Q4 24 · Cash: €9.61BQ4 24Q2 25 · Cash: €7.94BQ2 25 · Debt: €8.75BQ2 25Q3 25 · Cash: €8.55BQ3 25 · Debt: €9.12BQ3 25Q4 25 · Cash: €8.22BQ4 25 · Debt: €7.48BQ4 25Q1 26 · Cash: €9.65BQ1 26 · Debt: €7.86BQ1 26Q2 26 · Cash: €10.51BQ2 26 · Debt: €10.51BQ2 26€10.51B

Return of capital

DividendsBuybacks
Q2 25 · Dividends: €2.74BQ2 25 · Buybacks: €1.51BQ2 25Q3 25 · Buybacks: €304MQ3 25Q1 26 · Buybacks: €2.28BQ1 26Q2 26 · Dividends: €2.88BQ2 26 · Buybacks: €321MQ2 26€4.25B

Shares outstanding

Q4 17: 1.23BQ4 17Q4 19: 1.23BQ4 20: 1.23BQ4 20Q4 21: 1.23BQ4 22: 1.23BQ4 22Q4 23: 1.23BQ2 25: 1.16BQ2 25Q3 25: 1.16BQ4 25: 1.17BQ4 25Q1 26: 1.17BQ2 26: 1.15BQ2 261.23B

Stock-based compensation

Q2 25: €529MQ2 25Q3 25: €430MQ3 25Q4 25: €316MQ4 25Q1 26: €285MQ1 26Q2 26: €468MQ2 26€529M

Operating expenses

R&DSG&A
Q2 25 · R&D: €1.62BQ2 25 · SG&A: €2.52BQ2 25Q3 25 · R&D: €1.64BQ3 25 · SG&A: €2.55BQ3 25Q4 25 · R&D: €1.7BQ4 25 · SG&A: €2.85BQ4 25Q1 26 · R&D: €1.7BQ1 26 · SG&A: €2.5BQ1 26Q2 26 · R&D: €1.84BQ2 26 · SG&A: €2.72BQ2 26€4.56B

Source: Yahoo Finance. Quarterly history grows automatically over time as new quarters are published.

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