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

SAP SE (SAP) EV/FCF

Alert me on EV/FCF

As of 5 November 2026, SAP SE (SAP) trades at a EV/FCF of 27.0×. Over the past ten years it has ranged from 16.5× (July 2026) to 69.7× (February 2025); the current reading is higher than 28% of that period.

EV/FCF, daily

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Annual newest first

Period EV/FCF Change
FY2025 29.1× (50.15%)
FY2024 58.4× 105.92%
FY2023 28.4× 14.29%
FY2022 24.8× (4.73%)
FY2021 26.1× 17.04%
FY2020 22.3× (60.10%)
FY2019 55.8× 56.81%
FY2018 35.6× 21.20%
FY2017 29.4× 6.81%
FY2016 27.5× (7.30%)

Quarterly newest first

Period EV/FCF Change
Sep 2026 23.1× 32.85%
Jun 2026 17.4× (14.49%)
Mar 2026 20.3× (30.31%)
Dec 2025 29.1× (27.45%)
43 more quarters

Against its own ten years

Low 16.5× High 69.7×
Ten-year median 29.8×
Current reading's percentile 27

EV/FCF against peers

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((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)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

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