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Friday 6 November 2026 Export SAP’s income statement to Excel — free account

SAP SE

SAP Technology Software Application

SAP SE’s revenue for fiscal 2025 (year ended December 2025) was $41.6 billion, up 12.6% from fiscal 2024.

Revenue
+11.4%
EPS
+13.0%
Free cash flow
+12.2%
Total debt
+14.3%

Quarter to September 2026, against a year earlier

234.67 8.86 −3.64%
Market cap
$274.9B
P/E
29.5×
Fwd P/E
29.2×
Dividend yield
1.20%
F-score
8/9
Altman Z
7.90
Beneish M
−2.54
Dividend safety
82/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

SAP SE (SAP) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, SAP SE (SAP) trades at a EV/EBITDA of 20.3×. Over the past ten years it has ranged from 12.1× (January 2015) to 53.3× (February 2025); the current reading is higher than 59% of that period. That is above the Software Application industry median of 15.5× and above the Technology sector median of 14.5×.

EV/EBITDA, daily

Embed this chart

Annual newest first

Period EV/EBITDA Change
FY2025 22.8× (49.06%)
FY2024 44.7× 99.61%
FY2023 22.4× 22.48%
FY2022 18.3× (18.22%)
FY2021 22.3× 31.22%
FY2020 17.0× (29.60%)
FY2019 24.2× 65.49%
FY2018 14.6× (20.83%)
FY2017 18.5× 16.46%
FY2016 15.8× (3.55%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 17.3× 31.29%
Jun 2026 13.2× (12.01%)
Mar 2026 15.0× (34.06%)
Dec 2025 22.8× (13.38%)
43 more quarters

Against its own ten years

Low 12.1× High 53.3×
Ten-year median 18.8×
Current reading's percentile 59

EV/EBITDA against peers

Company EV/EBITDA
SNOW Snowflake Inc. compare n/m
ADBE Adobe Inc. compare 9.7×
CRM Salesforce, Inc. compare 14.4×
INTU Intuit Inc. compare 14.5×
ADP Automatic Data Processing, Inc. compare 16.3×
UBER Uber Technologies, Inc. compare 19.7×
SAP SAP SE 20.3×
NOW ServiceNow, Inc. compare 31.6×
SHOP Shopify Inc. compare 86.7×
Software Application industry median 15.5×
Technology sector median 14.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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