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

235.21 8.32 −3.42%
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) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, SAP SE (SAP) trades at a P/B ratio of 5.2×. Over the past ten years it has ranged from 2.0× (September 2022) to 7.7× (July 2025); the current reading is higher than 84% of that period. That is above the Software Application industry median of 2.6× and above the Technology sector median of 2.5×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 5.6× (4.10%)
FY2024 5.8× 55.22%
FY2023 3.7× 38.47%
FY2022 2.7× (19.93%)
FY2021 3.4× (25.35%)
FY2020 4.5× (2.72%)
FY2019 4.6× 32.97%
FY2018 3.5× (20.46%)
FY2017 4.4× 18.04%
FY2016 3.7× 1.43%

Quarterly newest first

Period P/B ratio Change
Sep 2026 4.5× 32.73%
Jun 2026 3.4× (9.93%)
Mar 2026 3.8× (32.48%)
Dec 2025 5.6× (9.74%)
43 more quarters

Against its own ten years

Low 2.0× High 7.7×
Ten-year median 4.1×
Current reading's percentile 83

P/B ratio against peers

Company P/B ratio
CRM Salesforce, Inc. compare 4.8×
UBER Uber Technologies, Inc. compare 4.9×
INTU Intuit Inc. compare 5.1×
SAP SAP SE 5.2×
NOW ServiceNow, Inc. compare 8.1×
ADBE Adobe Inc. compare 8.2×
SHOP Shopify Inc. compare 14.5×
ADP Automatic Data Processing, Inc. compare 23.8×
SNOW Snowflake Inc. compare 44.0×
Software Application industry median 2.6×
Technology sector median 2.5×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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