SAP SE
NYSE:SAP

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SAP SE
NYSE:SAP
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Price: 176.44 USD -1.4% Market Closed
Market Cap: $208B

EV/EBIT

16.6
Current
40%
Cheaper
vs 3-y average of 27.7

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
16.6
=
Enterprise Value
$169.9B
/
EBIT
€10.4B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
16.6
=
Enterprise Value
$169.9B
/
EBIT
€10.4B

Valuation Scenarios

SAP SE is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (27.7), the stock would be worth $293.56 (66% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-7%
Maximum Upside
+66%
Average Upside
24%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 16.6 $176.44
0%
3-Year Average 27.7 $293.56
+66%
5-Year Average 21.7 $229.98
+30%
Industry Average 17.9 $189.6
+7%
Country Average 15.5 $164.8
-7%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
$169.9B
/
Jan 2026
€10.4B
=
16.6
Current
$169.9B
/
Dec 2026
€12.1B
=
14.1
Forward
$169.9B
/
Dec 2027
€14B
=
12.2
Forward
$169.9B
/
Dec 2028
€15.9B
=
10.7
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
DE
SAP SE
NYSE:SAP
176.3B USD 16.6 24.1
US
Ezenia! Inc
OTC:EZEN
567B USD -177 298 -180 630.8
US
Palantir Technologies Inc
NASDAQ:PLTR
347.9B USD 240.6 213.6
US
Salesforce Inc
NYSE:CRM
175.3B USD 19.8 23.5
US
Applovin Corp
NASDAQ:APP
160.1B USD 38.8 48
US
Intuit Inc
NASDAQ:INTU
112.3B USD 20.9 25.8
US
Adobe Inc
NASDAQ:ADBE
100.4B USD 10.9 13.9
US
NCR Corp
LSE:0K45
92.9B USD 647 2 212.9
US
Synopsys Inc
NASDAQ:SNPS
89.5B USD 98.9 81.3
US
Cadence Design Systems Inc
NASDAQ:CDNS
88.6B USD 53 79.9
US
Microstrategy Inc
NASDAQ:MSTR
57.9B USD -12.6 -12.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
DE
SAP SE
NYSE:SAP
Average EV/EBIT: 127.4
16.6
15%
1.1
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -177 298 N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
240.6
82%
2.9
US
Salesforce Inc
NYSE:CRM
19.8
29%
0.7
US
Applovin Corp
NASDAQ:APP
38.8
37%
1
US
Intuit Inc
NASDAQ:INTU
20.9
31%
0.7
US
Adobe Inc
NASDAQ:ADBE
10.9
17%
0.6
US
N
NCR Corp
LSE:0K45
647
23%
28.1
US
Synopsys Inc
NASDAQ:SNPS
98.9
79%
1.3
US
Cadence Design Systems Inc
NASDAQ:CDNS
53
28%
1.9
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -12.6 N/A N/A
P/E Multiple
Earnings Growth PEG
DE
SAP SE
NYSE:SAP
Average P/E: 302.6
24.1
17%
1.4
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
213.6
58%
3.7
US
Salesforce Inc
NYSE:CRM
23.5
29%
0.8
US
Applovin Corp
NASDAQ:APP
48
38%
1.3
US
Intuit Inc
NASDAQ:INTU
25.8
30%
0.9
US
Adobe Inc
NASDAQ:ADBE
13.9
20%
0.7
US
N
NCR Corp
LSE:0K45
2 212.9
52%
42.6
US
Synopsys Inc
NASDAQ:SNPS
81.3
44%
1.8
US
Cadence Design Systems Inc
NASDAQ:CDNS
79.9
39%
2
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -12.1 N/A N/A

Market Distribution

In line with most companies in Germany
Percentile
66th
Based on 2 187 companies
66th percentile
19.7
Low
0.1 — 10.6
Typical Range
10.6 — 23.1
High
23.1 —
Distribution Statistics
Germany
Min 0.1
30th Percentile 10.6
Median 15.5
70th Percentile 23.1
Max 672.9

SAP SE
Glance View

SAP SE, launched in the early 1970s by five former IBM employees, transformed Germany's technology landscape with its pioneering approach to enterprise resource planning (ERP) software. The founders, envisioning a solution to optimize business processes, created a system that seamlessly integrated various functions like finance, human resources, and logistics into a single platform. This innovative approach allowed companies to enhance efficiency, transparency, and decision-making capabilities. Over the decades, SAP has not only refined its core ERP applications but has also expanded its suite with a wide range of business software solutions, including supply chain management, customer relationship management, and data analytics, leveraging the power of cloud computing to solidify its place as a dominant force in the global software market. SAP's revenue model hinges on licensing fees for its software products and subscription-based services. Its traditional on-premise solutions require an upfront investment for licenses and ongoing maintenance fees, while its cloud offerings cater to businesses looking for scalable, pay-as-you-go solutions. Furthermore, SAP generates revenue through professional services, advisory roles, and support plans, providing clients with implementation, customization, and continuous assistance. By maintaining strong relationships with its expansive ecosystem of partners, SAP ensures that its software continues to evolve and adapt to the ever-changing demands of today's digital economy, cementing its status as a crucial backbone for enterprises worldwide.

SAP Intrinsic Value
225.43 USD
Undervaluation 22%
Intrinsic Value
Price $176.44
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