Sap SE
Research Sap SE (SAP) on Bullrun: valuation model: 0.8% undervalued, market cap USD 247.90B, P/E 27.0, dividend yield 1.3%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerSAP
- ExchangeNYSE
- CountryGermany
- SectorTechnology
- IndustrySoftware-Application
- CurrencyUSD
- Valuation signal0.8% undervalued
- Market capUSD 247.90B
- P/E27.0
- 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 0.8% undervalued; latest market cap is USD 247.90B; P/E is 27.0; dividend yield is 1.3%.
Peer valuation comparison
Latest P/E is 27x versus a Technology sector median of 28.78x (6.2% below).
Latest dividend yield is 1.34% versus a Technology sector median of 1.78% (24.7% 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% | 6.1 | EUR 8.22B | EUR 7.48B | EUR 44.59B |
| FY2024 | EUR 34.18B | EUR 3.12B | EUR 4.41B | 73.0% | 2.65 | EUR 9.61B | EUR 10.65B | EUR 45.44B |
| FY2023 | EUR 31.21B | EUR 6.14B | EUR 5.46B | 72.2% | 5.17 | EUR 8.12B | EUR 8.79B | EUR 43.16B |
| FY2022 | EUR 29.52B | EUR 2.28B | EUR 4.77B | 72.8% | 1.95 | EUR 9.01B | EUR 13.09B | EUR 40.19B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 247.90B | 27.0 | 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%.
| Year | Dividends/share |
|---|---|
| FY2024 | 2.39 EUR |
| FY2023 | 2.19 EUR |
| FY2022 | 2.66 EUR |
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;
ETFs that hold Sap SE
Sap SE is one of the ten largest holdings of 255 ETFs that investors in Europe can buy. The 8 most traded of them:
| ETF | Weight | TER |
|---|---|---|
| Amundi Core Stoxx Europe 600 UCITS ETF Acc | 1.41% | 0.07% |
| iShares Core EURO STOXX 50 UCITS ETF (DE) | 3.08% | 0.10% |
| iShares Core MSCI Europe UCITS ETF EUR (Acc) | 1.56% | 0.12% |
| iShares STOXX Europe 600 UCITS ETF (DE) EUR (Dist) | 1.42% | 0.20% |
| iShares Core MSCI Europe UCITS ETF EUR (Dist) | 1.56% | 0.12% |
| iShares Core DAX UCITS ETF EUR (Acc) | 9.11% | 0.16% |
| iShares Core EURO STOXX 50 UCITS ETF | 4.27% | 0.10% |
| Amundi EURO STOXX 50 II UCITS ETF Acc | 4.33% | 0.20% |
Compare every fund on the same index:
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Frequently asked questions
Is Sap SE overvalued or undervalued?
Bullrun's valuation model currently marks Sap SE as 0.8% undervalued.
What is Sap SE's market cap?
Sap SE's market capitalization is USD 247.90B.
What is Sap SE's P/E ratio?
Sap SE's price-to-earnings (P/E) ratio is 27.0.
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.