Sap SE
Research Sap SE (SAP) on Bullrun: valuation model: 5.7% undervalued, market cap USD 250.38B, P/E 27.3, dividend yield 1.3%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerSAP
- ExchangeNYSE
- CountryGermany
- SectorTechnology
- IndustrySoftware-Application
- CurrencyUSD
- Valuation signal5.7% undervalued
- Market capUSD 250.38B
- P/E27.3
- Dividend yield1.3%
- Financial periodQ2 2026
- RevenueEUR 9.88B
- Net incomeEUR 2.18B
- Free cash flowEUR 3.04B
- Gross margin73.2%
Valuation Snapshot
Bullrun's latest valuation model marks Sap SE as 5.7% undervalued; latest market cap is USD 250.38B; P/E is 27.3; dividend yield is 1.3%.
Peer valuation comparison
Latest P/E is 27.27x versus a Technology sector median of 28.57x (4.6% below).
Latest dividend yield is 1.32% versus a Technology sector median of 1.65% (20.0% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | EUR 36.80B | EUR 7.16B | EUR 8.42B | 72.9% | 6.23 | EUR 8.22B | EUR 7.48B | EUR 44.59B |
| FY2024 | EUR 34.18B | EUR 3.12B | EUR 4.44B | 73.0% | 2.64 | EUR 9.61B | EUR 10.65B | EUR 45.44B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 250.38B | 27.3 | 1.4% | 2.93 |
| 2025 | 2025-12-31 | USD 283.61B | 34.4 | n/a | n/a |
| 2024 | 2024-12-31 | USD 287.23B | 85.8 | 1.0% | 2.39 |
| 2023 | 2023-12-29 | USD 180.82B | 66.6 | 1.4% | 2.19 |
| 2022 | 2022-12-30 | USD 120.69B | 34.4 | 2.6% | 2.66 |
| 2021 | 2021-12-31 | USD 165.27B | 26.6 | 1.6% | 2.19 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 2.93 USD, yield 1.3%.
About Sap SE
SAP SE, together with its subsidiaries, provides enterprise application and business solutions worldwide. It offers SAP Business AI; SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR, time, payroll, talent and employee experience management, and analytics and planning;
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Frequently asked questions
Is Sap SE overvalued or undervalued?
Bullrun's valuation model currently marks Sap SE as 5.7% undervalued.
What is Sap SE's market cap?
Sap SE's market capitalization is USD 250.38B.
What is Sap SE's P/E ratio?
Sap SE's price-to-earnings (P/E) ratio is 27.3.
Does Sap SE pay a dividend?
Sap SE has a dividend yield of 1.3%.
What does Sap SE do?
SAP SE, together with its subsidiaries, provides enterprise application and business solutions worldwide. It offers SAP Business AI; SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR, time, payroll, talent and employee experience management, and analytics and planning; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.