SAP SE
XETRA:SAP

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SAP SE
XETRA:SAP
Watchlist
Price: 261.5 EUR -1.08% Market Closed
Market Cap: 305B EUR
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 178.57 EUR. Compared to the current market price of 261.5 EUR, SAP SE is Overvalued by 32%.

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
178.57 EUR
Overvaluation 32%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

8.7
P/S
P/S
Price to Sales
8.7
vs History
3
vs Industry
13
Median 3Y
4.9
Median 5Y
4.7
Industry
2.3
Forward
8
More Details
53.2
P/E
P/E
Price to Earnings
53.2
vs History
20
vs Industry
6
Median 3Y
39.7
Median 5Y
29.9
Industry
22.3
Forward
41.3
More Details
48.9
P/OCF
P/OCF
Price to OCF
48.9
vs History
4
vs Industry
9
Median 3Y
25.4
Median 5Y
23.6
Industry
16.8
More Details
59.7
P/FCFE
P/FCFE
Price to FCFE
59.7
vs History
19
vs Industry
12
Median 3Y
56
Median 5Y
44.8
Industry
21.1
More Details
6.7
P/B
P/B
Price to Book Value
6.7
vs History
3
vs Industry
17
Median 3Y
3.5
Median 5Y
3.7
Industry
2.8
More Details
8.5
EV/S
EV/S
Enterprise Value to Sales
8.5
vs History
3
vs Industry
13
Median 3Y
4.7
Median 5Y
4.7
Industry
2.3
Forward
7.8
More Details
11.5
EV/GP
EV/GP
Enterprise Value to Gross Profit
11.5
vs History
3
vs Industry
19
Median 3Y
6.5
Median 5Y
6.5
Industry
4.7
More Details
28.8
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
28.8
vs History
4
vs Industry
15
Median 3Y
17.3
Median 5Y
16.5
Industry
12.2
Forward
25.4
More Details
32.9
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
32.9
vs History
6
vs Industry
14
Median 3Y
22.1
Median 5Y
20.8
Industry
16
Forward
28.4
More Details
47.9
EV/OCF
EV/OCF
Enterprise Value to OCF
47.9
vs History
4
vs Industry
10
Median 3Y
25
Median 5Y
22.8
Industry
15.2
More Details
54.7
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
54.7
vs History
4
vs Industry
8
Median 3Y
30
Median 5Y
26.9
Industry
18.4
More Details
4.9
EV/IC
EV/IC
Enterprise Value to IC
4.9
vs History
3
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
XETRA:SAP
305.1B EUR 8.7 53.2 28.8 32.9
US
Ezenia! Inc
OTC:EZEN
567B USD 233 910.9 -180 630.8 -182 667.2 -177 298
US
Salesforce Inc
NYSE:CRM
266.3B USD 7 43 23.4 34
US
Palantir Technologies Inc
NYSE:PLTR
259.1B USD 83.2 454 582.7 625.5
US
Intuit Inc
NASDAQ:INTU
179.4B USD 10.4 59.1 37.6 45.1
US
Adobe Inc
NASDAQ:ADBE
167.4B USD 7.6 24.8 18.8 20.8
US
NCR Corp
LSE:0K45
115.3B USD 40.8 122.3 342.3 2 821.9
US
Applovin Corp
NASDAQ:APP
103.2B USD 21.9 65.4 45.6 56.6
US
Microstrategy Inc
NASDAQ:MSTR
96.5B USD 208.1 -82.7 -2 286.9 -1 641.7
US
Cadence Design Systems Inc
NASDAQ:CDNS
84.6B USD 17.4 78.2 49.5 56.5
CA
Constellation Software Inc
TSX:CSU
107B CAD 7.7 105.8 29.4 54.1
P/S Multiple
Revenue Growth P/S to Growth
DE
SAP SE
XETRA:SAP
Average P/S: 21 302.2
8.7
12%
0.7
US
Ezenia! Inc
OTC:EZEN
233 910.9
N/A N/A
US
Salesforce Inc
NYSE:CRM
7
10%
0.7
US
Palantir Technologies Inc
NYSE:PLTR
83.2
32%
2.6
US
Intuit Inc
NASDAQ:INTU
10.4
13%
0.8
US
Adobe Inc
NASDAQ:ADBE
7.6
10%
0.8
US
N
NCR Corp
LSE:0K45
40.8
-8%
N/A
US
Applovin Corp
NASDAQ:APP
21.9
20%
1.1
US
Microstrategy Inc
NASDAQ:MSTR
208.1
3%
69.4
US
Cadence Design Systems Inc
NASDAQ:CDNS
17.4
13%
1.3
CA
Constellation Software Inc
TSX:CSU
7.7
20%
0.4
P/E Multiple
Earnings Growth PEG
DE
SAP SE
XETRA:SAP
Average P/E: 111.8
53.2
50%
1.1
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Salesforce Inc
NYSE:CRM
43
32%
1.3
US
Palantir Technologies Inc
NYSE:PLTR
454
69%
6.6
US
Intuit Inc
NASDAQ:INTU
59.1
34%
1.7
US
Adobe Inc
NASDAQ:ADBE
24.8
26%
1
US
N
NCR Corp
LSE:0K45
122.3
-52%
N/A
US
Applovin Corp
NASDAQ:APP
65.4
39%
1.7
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -82.7 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
78.2
33%
2.4
CA
Constellation Software Inc
TSX:CSU
105.8
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
DE
SAP SE
XETRA:SAP
Average EV/EBITDA: 128.7
28.8
19%
1.5
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -182 667.2 N/A N/A
US
Salesforce Inc
NYSE:CRM
23.4
21%
1.1
US
Palantir Technologies Inc
NYSE:PLTR
582.7
105%
5.5
US
Intuit Inc
NASDAQ:INTU
37.6
29%
1.3
US
Adobe Inc
NASDAQ:ADBE
18.8
17%
1.1
US
N
NCR Corp
LSE:0K45
342.3
11%
31.1
US
Applovin Corp
NASDAQ:APP
45.6
38%
1.2
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -2 286.9 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
49.5
25%
2
CA
Constellation Software Inc
TSX:CSU
29.4
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
DE
SAP SE
XETRA:SAP
Average EV/EBIT: 416.4
32.9
21%
1.6
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -177 298 N/A N/A
US
Salesforce Inc
NYSE:CRM
34
32%
1.1
US
Palantir Technologies Inc
NYSE:PLTR
625.5
107%
5.8
US
Intuit Inc
NASDAQ:INTU
45.1
35%
1.3
US
Adobe Inc
NASDAQ:ADBE
20.8
20%
1
US
N
NCR Corp
LSE:0K45
2 821.9
79%
35.7
US
Applovin Corp
NASDAQ:APP
56.6
38%
1.5
US
Microstrategy Inc
NASDAQ:MSTR
Negative Multiple: -1 641.7 N/A N/A
US
Cadence Design Systems Inc
NASDAQ:CDNS
56.5
28%
2
CA
Constellation Software Inc
TSX:CSU
54.1
24%
2.3

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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