SAP SE (SAP) valuation
SAP P/E ratio history
SAP trades at 30.4 times its earnings over the last twelve months. At its last 8 fiscal year ends its P/E ranged from 24.9 (year to Dec 2018) to 86.7 (year to Dec 2024), with a median of 31.6.
| Fiscal year ended | Price | EPS | P/E |
|---|---|---|---|
| Dec 31, 2025 | $242.91 | $7.04 | 34.5 |
| Dec 31, 2024 | $246.21 | $2.84 | 86.7 |
| Dec 31, 2023 | $154.59 | — | n/m |
| Dec 31, 2022 | $103.19 | $2.05 | 50.4 |
| Dec 31, 2021 | $140.11 | $5.21 | 26.9 |
| Dec 31, 2020 | $130.39 | $5.12 | 25.5 |
| Dec 31, 2019 | $133.99 | $3.10 | 43.2 |
| Dec 31, 2018 | $99.55 | $4.00 | 24.9 |
| Dec 31, 2017 | $112.36 | $3.92 | 28.7 |
| Dec 31, 2016 | $86.43 | — | n/m |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
SAP valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| SAPSAP | $273B | 30.4 | — | 6.2 |
| CrowdStrike HoldingsCRWD | $255B | — | 174.7 | 47.3 |
| Palo Alto NetworksPANW | $298B | — | 87.3 | 26.0 |
| ShopifySHOP | $204B | 105.7 | 72.1 | 15.4 |
| OracleORCL | $376B | 20.5 | 14.7 | 5.2 |
| ServiceNowNOW | $109B | 75.6 | 22.2 | 7.0 |
| FortinetFTNT | $99.7B | 44.3 | 35.9 | 13.2 |
| Thomson ReutersTRI | $51.6B | 31.2 | 26.0 | 6.6 |
| ZscalerZS | $38.5B | — | 48.4 | 11.5 |
| Peer median | 44.3 | 42.1 | 12.4 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: SAP financials · SAP returns
No forecast, no recommendation. This page describes SAP SE from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.