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SAP

SAP SE

SAP

NYSE·Technology·Software - Application·Mkt cap $246.5B

$221.32

+4.55%

P/E

31.01

Mkt Cap

$246.5B

52-Wk Range

$144.97–$281.37

52-Week Range

$144.97 - $281.37

P/E

31.01

Fwd P/E

26.78

Beta

0.76

Div Yield

1.39%

Avg Vol

3.2M

Shares Out

1.2B

Mkt Cap

$246.5B

Price action

Price chart

Down 23.1% over the trailing year

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

7 reasons

  • Market-leading ERP platform with deep enterprise penetration and high switching costs
  • Comprehensive integrated suite reducing need for multiple vendors and simplifying IT infrastructure
  • Decades of industry expertise and domain knowledge embedded in solutions
  • Massive installed base generating recurring revenue and cross-selling opportunities
  • Strong ecosystem of partners, developers, and integrators creating network effects
  • Advanced technology stack including AI, cloud, and analytics capabilities
  • Global scale with localized solutions for industry-specific and regional requirements

Bear Case

2 risks

  • Low volatility (beta 0.8).
  • Premium valuation to Enterprise SaaS peers

Growth

Moderate growth ahead

Cloud migration acceleration as enterprises transition from on-premise to cloud-based ERP systems

Value

Premium valuation to Enterprise SaaS peers

Momentum

Hot

+21.5% over 3m

Quality

Excellent

Strong fundamentals

Dividend

Modest

1.39% yield

Earnings track record

Recent earnings results

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Oct 21, 2026

Q3 26 RECAP

JUL 23, 2026

Reported EPS of $1.85 vs $2.00 consensus (-7.5% surprise). Revenue of $11.2B vs $11.3B expected (-0.6%).

EPS miss
Revenue miss

EPS surprise · last 4Q

0 of 1 beats

Estimate

Actual

Q3 26

-7.5%

Revenue trend · last 8Q

+11%

+12%

+9%

+7%

+3%

+6%

+9%

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

Q2 26

$8.5B

$9.4B

$9.0B

$9.0B

$9.1B

$9.7B

$9.6B

$11.5B

Margins · last 8Q

Gross

Operating

Profit

22.1%

Wall Street consensus

9 analysts · 67% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

6

67%

Hold

3

33%

Sell

0%

Median Price Target

Latest: Citi · Aug 27, 2026

vs Industry

How SAP stacks vs Software - Application

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.