SAP SE

OTCPK:SAPG.F Stock Report

Market Cap: US$335.1b

SAP Valuation

Is SAPG.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SAPG.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$239.05
Fair Value
20.2% overvalued intrinsic discount
27
Number of Analysts

Below Fair Value: SAPG.F ($287.36) is trading above our estimate of fair value ($239.05)

Significantly Below Fair Value: SAPG.F is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SAPG.F?

Key metric: As SAPG.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SAPG.F. This is calculated by dividing SAPG.F's market cap by their current earnings.
What is SAPG.F's PE Ratio?
PE Ratio102.9x
Earnings€3.12b
Market Cap€321.44b

Price to Earnings Ratio vs Peers

How does SAPG.F's PE Ratio compare to its peers?

The above table shows the PE ratio for SAPG.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average62.6x
CRM Salesforce
52.3x13.8%US$314.8b
ADBE Adobe
35.8x12.6%US$202.0b
INTU Intuit
55.8x17.2%US$162.3b
APP AppLovin
106.6x31.0%US$168.7b
SAPG.F SAP
102.9x24.4%US$321.4b

Price-To-Earnings vs Peers: SAPG.F is expensive based on its Price-To-Earnings Ratio (102.9x) compared to the peer average (62.6x).

Price to Earnings Ratio vs Industry

How does SAPG.F's PE Ratio compare vs other companies in the US Software Industry?

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
YXT YXT.COM Group Holding
1.8xn/aUS$107.54m
NISN Nisun International Enterprise Development Group
2.3xn/aUS$39.34m
NXTT Next Technology Holding
0.3xn/aUS$7.60m
ULY Urgent.ly
0.07x-13.0%US$6.55m
SAPG.F 102.9xIndustry Avg. 42.2xNo. of Companies11PE020406080100+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SAPG.F is expensive based on its Price-To-Earnings Ratio (102.9x) compared to the US Software industry average (42.2x).

Price to Earnings Ratio vs Fair Ratio

What is SAPG.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SAPG.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio102.9x
Fair PE Ratio58.6x

Price-To-Earnings vs Fair Ratio: SAPG.F is expensive based on its Price-To-Earnings Ratio (102.9x) compared to the estimated Fair Price-To-Earnings Ratio (58.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SAPG.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$287.36
US$289.55
+0.8%
12.7%US$333.58US$164.70n/a27
Feb ’26US$276.25
US$274.94
-0.5%
16.5%US$332.99US$156.09n/a26
Jan ’26US$241.83
US$249.01
+3.0%
13.8%US$314.86US$153.23n/a26
Dec ’25US$232.80
US$247.33
+6.2%
14.1%US$292.05US$157.92n/a26
Nov ’25US$233.07
US$247.33
+6.1%
14.1%US$292.05US$157.92n/a26
Oct ’25US$225.00
US$236.94
+5.3%
13.7%US$272.80US$157.00n/a25
Sep ’25US$216.35
US$229.01
+5.9%
12.9%US$262.32US$154.12n/a25
Aug ’25US$207.88
US$225.34
+8.4%
12.9%US$260.11US$152.81n/a25
Jul ’25US$199.37
US$205.06
+2.9%
13.1%US$245.65US$133.50n/a24
Jun ’25US$180.48
US$207.03
+14.7%
13.1%US$248.65US$135.14n/a24
May ’25US$182.00
US$199.68
+9.7%
17.1%US$246.15US$96.32n/a24
Apr ’25US$196.75
US$191.93
-2.4%
17.2%US$248.11US$97.09n/a24
Mar ’25US$186.58
US$187.80
+0.7%
15.4%US$221.57US$97.28n/a24
Feb ’25US$177.00
US$181.97
+2.8%
16.7%US$217.39US$97.83US$276.2524
Jan ’25US$153.50
US$154.23
+0.5%
12.8%US$184.94US$97.91US$241.8326
Dec ’24US$160.00
US$146.97
-8.1%
11.5%US$171.19US$95.11US$232.8026
Nov ’24US$135.21
US$146.97
+8.7%
11.5%US$171.19US$95.11US$233.0726
Oct ’24US$130.86
US$145.36
+11.1%
9.1%US$168.09US$121.58US$225.0024
Sep ’24US$136.88
US$149.98
+9.6%
8.9%US$173.96US$125.82US$216.3524
Aug ’24US$135.36
US$152.27
+12.5%
8.7%US$171.32US$127.93US$207.8824
Jul ’24US$136.80
US$142.69
+4.3%
13.1%US$167.94US$74.15US$199.3726
Jun ’24US$131.73
US$139.74
+6.1%
13.8%US$165.84US$73.23US$180.4825
May ’24US$133.65
US$139.65
+4.5%
14.5%US$164.55US$74.59US$182.0026
Apr ’24US$124.75
US$128.13
+2.7%
14.3%US$155.11US$73.76US$196.7525
Mar ’24US$112.92
US$128.12
+13.5%
13.8%US$157.09US$74.70US$186.5827
Feb ’24US$121.00
US$128.12
+5.9%
13.8%US$157.09US$74.70US$177.0027
Analyst Price Target
Consensus Narrative from 27 Analysts
US$288.88
Fair Value
0.5% undervalued intrinsic discount
27
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/19 18:59
End of Day Share Price 2025/02/19 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

SAP SE is covered by 84 analysts. 30 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Luis PereiraAlphaValue
Adam ShepherdArete Research Services LLP
Joseph BonnerArgus Research Company