ETR/SAP (ETR/SAP)

Deutsche Börse Xetra: ETR/SAP · EUR

€211

-1.94 (-0.9%)· Recorded snapshot

Market cap	243.8B
Revenue (ttm)	39.4B
Net income (ttm)	8B
EPS (ttm)	€6.91
Shares out	1.2B
P/E (trailing)	30.6x
P/E (forward)	26.4x
Dividend	€2.50 (1.18%)
Volume	1,438,001
Beta	0.76

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 39.4B
Net income (ttm): 8B
EPS (ttm): €6.91
P/E (trailing): 30.6x
P/E (forward): 26.4x
Market cap: 243.8B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E26.4

P25 n/aP50 n/aP75 n/a

Trailing P/E30.6

P25 n/aP50 n/aP75 n/a

ROE18.2

P25 n/aP50 n/aP75 n/a

ROIC18.5

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All ETR/SAP indicators

Market & fundamental data

Available fields

272

Groups with data

Currency

EUR

Showing 272 of 272 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	EUR
Country	Germany
Country code	DE
Earnings date	2026-10-21
Employees	113,076
Employees change	2,346
Employees growth	2.12%
Enterprise value	EUR 243.9B
Exchange	Deutsche Börse Xetra
Financial currency	EUR
Financial report date	2026-09-30
First seen	2026-05-10
Fiscal year end	December
Founded	1972
Industry	Software - Application
Is primary listing	Yes
ISIN number	DE0007164600
Last earnings date	2026-10-21
Last refreshed	2026-10-28
Last stock split date	2006-12-21
Last stock split type	Forward
Market cap	EUR 243.8B
Next earnings date	2027-01-28
Price	EUR 211.20
Price currency	EUR
Sector	Technology
SIC code	7372
Stock price date	2026-10-28
Symbol	etr/SAP
Website	https://www.sap.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	30.97x
Average P/E ratio (10Y)	36.46x
Average P/E ratio (3Y)	47.3x
Average P/E ratio (5Y)	42.43x
Earnings yield	3.27%
EV/Earnings	30.61x
EV/EBIT	21.46x
EV/EBITDA	19.64x
EV/FCF	26.8x
EV/Sales	6.25x
FCF / EV yield	3.73%
FCF yield	3.73%
Forward P/E	26.44x
Graham number	78.79565
Graham upside	-62.55%
Industry forward P/E	25.67x
Industry P/E	30.11x
Lynch fair value	EUR 48.92
Lynch upside	-76.75%
P/(FCF - SBC) ratio	29.98x
P/(OCF - SBC) ratio	27.62x
P/B ratio	5.3x
P/E ratio	30.58x
P/FCF ratio	26.79x
P/OCF ratio	24.89x
P/S ratio	6.25x
PEG ratio	1.63x
Price / tangible book value	20.61x
Price/EBITDA ratio	20.08x
Sector forward P/E	24.23x
Sector P/E	33.97x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	29.12%
EBITDA margin	31.11%
Effective tax rate	27.91%
FCF margin	23.31%
Gross margin	73.58%
Operating margin	29.12%
Pretax margin	28.71%
Profit margin	20.41%
Profit per employee	EUR 71,103
Profitable quarters	10
Profitable years	30
Revenue per employee	EUR 348,323
ROA	9.91%
ROA (5Y)	6.59%
ROCE	20.04%
ROE	18.18%
ROE (5Y)	11.58%
ROIC	18.46%
ROIC (5Y)	11.97%
SBC / revenue	2.48%
Tax / revenue	8.01%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	14.6%
EPS growth (Q)	13.45%
EPS growth (QoQ)	2.61%
EPS growth 10Y	9.31%
EPS growth 3Y	14.24%
EPS growth 5Y	7.41%
EPS growth quarters	9
EPS growth years	1
FCF growth	42.42%
FCF growth (Q)	34.74%
FCF growth (QoQ)	-42.28%
FCF growth 3Y	17.76%
FCF growth 5Y	7.67%
Gross profit growth	7.56%
Gross profit growth (Q)	12.67%
Gross profit growth 3Y	9.08%
Gross profit growth 5Y	7.77%
Net income growth	13.53%
Net income growth (Q)	12.23%
Net income growth (QoQ)	3.17%
Net income growth 3Y	13.78%
Net income growth 5Y	7.08%
Net income growth quarters	9
Net income growth years	1
OCF growth	35.85%
OCF growth (Q)	27.83%
OCF growth (QoQ)	-39.11%
OCF growth 10Y	9.4%
OCF growth 3Y	15.53%
OCF growth 5Y	6.98%
Operating income growth	14.48%
Operating income growth (Q)	18.08%
Operating income growth 3Y	22.33%
Operating income growth 5Y	12.3%
Revenue growth	7.93%
Revenue growth (Q)	13.16%
Revenue growth (QoQ)	3.98%
Revenue growth 10Y	6.15%
Revenue growth 3Y	8.54%
Revenue growth 5Y	7.53%
Revenue growth quarters	21
Revenue growth years	4

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	EUR -701M
Depreciation and amortization	EUR 784M
EBIT	EUR 11.5B
EBITDA	EUR 12.3B
EPS	EUR 6.91
FCF per share	EUR 7.96
Financing cash flow	EUR -6.5B
Free cash flow	EUR 9.2B
Free cash flow minus SBC	EUR 8.2B
Gross profit	EUR 29B
Income taxes	EUR 3.2B
Investing cash flow	EUR -2.6B
Net borrowing	EUR 1B
Net cash flow	EUR 810M
Net income	EUR 8B
Operating cash flow minus SBC	EUR 8.9B
Operating income	EUR 11.5B
Revenue	EUR 39.4B
Stock-based compensation	EUR 977M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	6.14
Book value per share	EUR 39.95
Debt / EBITDA	0.85
Debt / equity	0.23
Debt / FCF	1.15
Goodwill	EUR 31.2B
Interest coverage	21.4
Long-term assets	EUR 54.2B
Long-term liabilities	EUR 10.8B
Net cash (debt)	EUR 409M
Net cash / market cap	0.17%
Net cash growth	-49.69%
Net debt / EBITDA	-0.03
Net debt / equity	-0.01
Net debt / FCF	-0.04
Piotroski F-Score	6
Property, plant and equipment	EUR 4.5B
Shareholders' equity	EUR 46.5B
Tangible book value	EUR 11.9B
Tangible book value per share	EUR 10.38
Total assets	EUR 76.3B
Total cash	EUR 11B
Total debt	EUR 10.6B
Total liabilities	EUR 29.9B
WACC	8.22%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.54
Current assets	EUR 22.1B
Current liabilities	EUR 19.1B
Current ratio	1.16
Net working capital	EUR -5.9B
Quick ratio	0.98
Working capital	EUR 3B
Working capital turnover	16.41

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	1.06%
Dividend growth	6.38%
Dividend growth (10Y)	8.07%
Dividend growth (3Y)	6.84%
Dividend growth (5Y)	6.21%
Dividend growth years	2
Dividend payment date	2026-05-08
Dividend payment years	35
Dividend payout frequency	Annual
Dividend per share	EUR 2.50
Dividend yield	1.18%
Ex-dividend date	2026-05-06
FCF payout ratio	31.43%
Last dividend	EUR 2.50
Payout ratio	35.86%
Shareholder yield	2.25%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	161.71%
10Y return CAGR	11.82%
10Y total return	205.48%
150-day SMA	EUR 163.21
15Y price change	383.35%
15Y return CAGR	12.9%
15Y total return	516.89%
1D price change	-0.91%
1M price change	13.6%
1M total return	13.6%
1W price change	4.79%
1W total return	4.79%
1Y price change	-10.34%
1Y return CAGR	-8.82%
1Y total return	-8.81%
20-day SMA	EUR 198.67
200-day SMA	EUR 165.10
20Y price change	441.71%
20Y return CAGR	10.55%
20Y total return	642.84%
3M price change	39.61%
3M total return	39.61%
3Y price change	68.93%
3Y return CAGR	20.63%
3Y total return	75.55%
50-day SMA	EUR 190.38
50-day SMA vs 200-day SMA	50over200
52-week high	EUR 235.05
52-week high date	2025-10-28
52-week low	EUR 127.50
52-week low date	2026-07-23
5Y price change	69.1%
5Y return CAGR	12.93%
5Y total return	83.63%
6M price change	41.78%
6M total return	44.19%
All-time high	EUR 283.50
All-time high date	2025-02-19
All-time low	EUR 1.02
All-time low date	1993-02-05
Average true range (ATR)	EUR 5.61
Average volume	2M
Beta (1Y)	0.58
Beta (2Y)	0.61
Beta (5Y)	0.76
Change from 52-week high	-10.15%
Change from 52-week low	65.65%
Change from all-time high	-25.5%
Change from all-time low	20,545.16%
Change from open	-0.8%
Day's gap	-0.12%
Dollar volume	EUR 303.7M
High price	EUR 214.35
Low price	EUR 209.20
Monthly RSI	56.28
Open price	EUR 212.90
Position in 52-week range	38.83%
Previous close	EUR 213.15
Price vs 150-day SMA	29.4%
Price vs 20-day SMA	6.31%
Price vs 200-day SMA	27.93%
Price vs 50-day SMA	10.93%
Relative volume	0.73
RSI	68.81
Sharpe ratio	0
Sharpe ratio (3Y)	0.59
Sharpe ratio (5Y)	0.42
Sortino ratio	0.14
Sortino ratio (3Y)	1.03
Sortino ratio (5Y)	0.82
Volume	1.4M
Weekly RSI	67.68
YTD price change	1.37%
YTD total return	3.09%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	1B
Shares change (QoQ)	-0.09%
Shares change (YoY)	-1.06%
Shares held by insiders	5.38%
Shares held by institutions	41.11%
Shares outstanding	1.2B

Deeper analysis on ETR/SAP

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Frequently asked questions

About this ETR/SAP report

Is a complete ETR/SAP research report available?

No complete published report is available for etr/SAP (ETR/SAP) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

ETR/SAP (ETR/SAP)

Price

Financial snapshot

Fair-value bridge

Latest news · ETR/SAP

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All ETR/SAP indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on ETR/SAP

Frequently asked questions