SAP SE
NYSE:SAP

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SAP SE
NYSE:SAP
Watchlist
Price: 277.95 USD 1.61% Market Closed
Market Cap: 327.7B USD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one SAP stock under the Base Case scenario is 201.99 USD. Compared to the current market price of 277.95 USD, SAP SE is Overvalued by 27%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

SAP Relative Value
Base Case
201.99 USD
Overvaluation 27%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

8.1
P/S
P/S
Price to Sales
8.1
vs History
6
vs Industry
13
Median 3Y
4.8
Median 5Y
4.7
Industry
2.3
Forward
7.5
More Details
49.8
P/E
P/E
Price to Earnings
49.8
vs History
23
vs Industry
6
Median 3Y
39.3
Median 5Y
29.9
Industry
22.1
Forward
38.7
More Details
45.7
P/OCF
P/OCF
Price to OCF
45.7
vs History
6
vs Industry
9
Median 3Y
25.2
Median 5Y
23.6
Industry
16.7
More Details
55.8
P/FCFE
P/FCFE
Price to FCFE
55.8
vs History
34
vs Industry
12
Median 3Y
55
Median 5Y
42.8
Industry
20.9
More Details
6.2
P/B
P/B
Price to Book Value
6.2
vs History
6
vs Industry
17
Median 3Y
3.5
Median 5Y
3.7
Industry
2.8
More Details
7.9
EV/S
EV/S
Enterprise Value to Sales
7.9
vs History
6
vs Industry
13
Median 3Y
4.7
Median 5Y
4.7
Industry
2.3
Forward
7.3
More Details
10.8
EV/GP
EV/GP
Enterprise Value to Gross Profit
10.8
vs History
6
vs Industry
19
Median 3Y
6.5
Median 5Y
6.5
Industry
4.6
More Details
26.9
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
26.9
vs History
11
vs Industry
15
Median 3Y
17.1
Median 5Y
16.5
Industry
12.2
Forward
23.8
More Details
30.8
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
30.8
vs History
12
vs Industry
14
Median 3Y
21.8
Median 5Y
20.8
Industry
15.7
Forward
25.8
More Details
44.7
EV/OCF
EV/OCF
Enterprise Value to OCF
44.7
vs History
6
vs Industry
10
Median 3Y
25
Median 5Y
22.8
Industry
15.1
More Details
51.1
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
51.1
vs History
6
vs Industry
8
Median 3Y
29.6
Median 5Y
26.9
Industry
18.1
More Details
4.6
EV/IC
EV/IC
Enterprise Value to IC
4.6
vs History
6
vs Industry
22
Median 3Y
2.7
Median 5Y
2.5
Industry
2.3
More Details

Multiples Across Competitors

SAP Competitors Multiples
SAP SE Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
DE
SAP SE
NYSE:SAP
285.5B USD 8.1 49.8 26.9 30.8
US
Ezenia! Inc
OTC:EZEN
567B USD 233 910.9 -180 630.8 -182 667.2 -177 298
US
Salesforce Inc
NYSE:CRM
256.3B USD 6.8 41.4 22.5 32.7
US
Palantir Technologies Inc
NYSE:PLTR
256.9B USD 89.7 555.9 735.9 810.8
US
Intuit Inc
NASDAQ:INTU
174.6B USD 10.2 57.5 36.6 43.9
US
Adobe Inc
NASDAQ:ADBE
161.9B USD 7.3 24 17.8 19.8
US
NCR Corp
LSE:0K45
112.4B USD 39.8 119.2 333.7 2 751.2
US
Applovin Corp
NASDAQ:APP
94.1B USD 20 59.7 41.7 51.7
US
Microstrategy Inc
NASDAQ:MSTR
90.6B USD 195.5 -77.7 -2 158 -1 549.1
US
Cadence Design Systems Inc
NASDAQ:CDNS
79.3B USD 17.1 75.1 49.8 56.9
CA
Constellation Software Inc
TSX:CSU
103.5B CAD 7.4 102.2 28.4 52.3
P/S Multiple
Revenue Growth P/S to Growth
DE
SAP SE
NYSE:SAP
Average P/S: 21 301.2
8.1
12%
0.7
US
Ezenia! Inc
OTC:EZEN
233 910.9
N/A N/A
US
Salesforce Inc
NYSE:CRM
6.8
10%
0.7
US
Palantir Technologies Inc
NYSE:PLTR
89.7
32%
2.8
US
Intuit Inc
NASDAQ:INTU
10.2
13%
0.8
US
Adobe Inc
NASDAQ:ADBE
7.3
10%
0.7
US
N
NCR Corp
LSE:0K45
39.8
-8%
N/A
US
Applovin Corp
NASDAQ:APP
20
20%
1
US
Microstrategy Inc
NASDAQ:MSTR
195.5
3%
65.2
US
Cadence Design Systems Inc
NASDAQ:CDNS
17.1
13%
1.3
CA
Constellation Software Inc
TSX:CSU
7.4
20%
0.4
P/E Multiple
Earnings Growth PEG
DE
SAP SE
NYSE:SAP
Average P/E: 120.5
49.8
50%
1
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Salesforce Inc
NYSE:CRM
41.4
32%
1.3
US
Palantir Technologies Inc
NYSE:PLTR
555.9
68%
8.2
US
Intuit Inc
NASDAQ:INTU
57.5
34%
1.7
US
Adobe Inc
NASDAQ:ADBE
24
26%
0.9
US
N
NCR Corp
LSE:0K45
119.2
-51%
N/A
US
Applovin Corp
NASDAQ:APP
59.7
39%
1.5
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -77.7 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
75.1
33%
2.3
CA
Constellation Software Inc
TSX:CSU
102.2
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
DE
SAP SE
NYSE:SAP
Average EV/EBITDA: 143.7
26.9
19%
1.4
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -182 667.2 N/A N/A
US
Salesforce Inc
NYSE:CRM
22.5
21%
1.1
US
Palantir Technologies Inc
NYSE:PLTR
735.9
105%
7
US
Intuit Inc
NASDAQ:INTU
36.6
29%
1.3
US
Adobe Inc
NASDAQ:ADBE
17.8
17%
1
US
N
NCR Corp
LSE:0K45
333.7
11%
30.3
US
Applovin Corp
NASDAQ:APP
41.7
38%
1.1
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -2 158 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
49.8
25%
2
CA
Constellation Software Inc
TSX:CSU
28.4
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
DE
SAP SE
NYSE:SAP
Average EV/EBIT: 427.8
30.8
21%
1.5
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -177 298 N/A N/A
US
Salesforce Inc
NYSE:CRM
32.7
33%
1
US
Palantir Technologies Inc
NYSE:PLTR
810.8
108%
7.5
US
Intuit Inc
NASDAQ:INTU
43.9
35%
1.3
US
Adobe Inc
NASDAQ:ADBE
19.8
20%
1
US
N
NCR Corp
LSE:0K45
2 751.2
84%
32.8
US
Applovin Corp
NASDAQ:APP
51.7
40%
1.3
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -1 549.1 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
56.9
27%
2.1
CA
Constellation Software Inc
TSX:CSU
52.3
24%
2.2

See Also

Summary
SAP intrinsic value, competitors valuation, and company profile.
DCF Valuation
SAP stock valuation using Discount Cash Flow valuation method.
Relative Valuation
SAP stock valuation using valuation multiples.
Wall Street Estimates
SAP price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
SAP stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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