SAP

SAP EV/EBIT

The EV/EBIT (Enterprise Value to EBIT) of SAP (SAP.DE) as of Oct 27, 2026 is 18.62. In the previous year, EV/EBIT (Enterprise Value to EBIT) was 36.93 — a change of -49.57% (lower).

EV/EBIT

18.62

YoY

-49.57%

Last updated:

EV/EBIT (Enterprise Value to EBIT) of SAP is 2025 18.62 . EV/EBIT (Enterprise Value to EBIT) of SAP was 2024 36.93 . It decreases by -49.57% lower compared to the previous year.

The SAP EV/EBIT history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

EV/EBIT
Date
EV/EBIT
Jan 1, 2019
30.26 EUR
Jan 1, 2020
28.94 EUR
Jan 1, 2021
30.39 EUR
Jan 1, 2022
41.03 EUR
Jan 1, 2023
29.12 EUR
Jan 1, 2024
36.93 EUR
Jan 1, 2025
18.62 EUR
Jan 1, 2026 (e)
19.37 EUR
The SAP EV/EBIT history
YEAREV/EBITYoY
est19.37+4.01%
18.62-49.57%
36.93+26.83%
29.12-29.04%
41.03+35.02%
30.39+4.99%
28.94-4.35%
30.26-9.98%
33.61-14.48%
39.31+5.29%
37.33-17.20%
45.08+1.86%
44.26+165.99%
16.64-7.19%
17.93+80.02%
9.96-43.02%
17.48+15.23%
15.17+36.67%
11.10-28.48%
15.52-18.14%
18.96—

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SAP Valuation

Details

Historical Valuation Multiples

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Price-to-Earnings Ratio (P/E)

The P/E ratio divides SAP's share price by its earnings per share. It tells you how many years of current earnings you are "paying for" when you buy the stock. A P/E of 20 means you pay $20 for every $1 of annual earnings. The S&P 500 historically trades at an average P/E of roughly 15–17. A P/E significantly above that may signal high growth expectations; one below may indicate undervaluation — or declining business quality.

Price-to-Sales Ratio (P/S)

The P/S ratio divides market capitalization by total revenue. Unlike the P/E ratio, it works even for companies that are not yet profitable, making it essential for evaluating high-growth firms. A P/S below 1.0 may indicate undervaluation, while ratios above 10 are typically reserved for fast-growing tech or SaaS companies with high expected future margins.

Price-to-EBIT Ratio

This ratio relates SAP's market price to its operating earnings, excluding the effects of debt structure and tax jurisdiction. It is particularly useful for comparing companies across different countries or with different levels of leverage, because it focuses purely on operational profitability. Lower values suggest cheaper operational earnings.

How to Use This Chart

This chart plots SAP's valuation multiples over time. Compare the current P/E, P/S, and P/EBIT to their own historical averages — if the current ratio is well below the multi-year average, the stock may be relatively cheap compared to its own track record. Combine this with industry comparisons: a P/E that looks high in absolute terms may be justified if SAP grows earnings faster than its peers.

SAP Stock analysis

What does SAP do? SAP SE is a globally leading company in the field of enterprise software, with its headquarters in Walldorf, Germany. The company was founded in 1972 by five former IBM employees and has evolved over time to become one of the largest providers of ERP software. The business model of SAP SE is based on the development and sale of enterprise software, as well as the provision of cloud-based solutions and services. The company's software is used in various industries such as finance, manufacturing, sales, and procurement. To better meet customer needs, SAP offers a wide range of products and solutions, including Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Supply Chain Management (SCM), Business Intelligence (BI), databases, and applications for mobile devices. SAP has enabled a comprehensive digital transformation in companies with the introduction of R/2 and R/3 solutions, thereby significantly contributing to changing the way businesses carry out their processes. With the introduction of SAP S/4HANA, the company has ushered in the next generation of ERP systems, based on in-memory technology. This means that SAP S/4HANA is capable of processing large amounts of data in real-time, enabling users to make faster decisions. In addition to the traditional core applications, SAP SE also offers a variety of industry-specific applications tailored to the needs of certain industries, such as SAP Ariba solutions for procurement management and SAP SuccessFactors for human resources. The company also provides cloud-based applications, including SAP Cloud Platform and SAP Leonardo, a platform for Internet of Things (IoT) and machine learning. SAP SE serves customers from a variety of industries, ranging from small and medium-sized enterprises to multinational corporations. The company operates in more than 180 countries and employs over 100,000 people worldwide. SAP's global presence and wide range of products and solutions have contributed to its inclusion in the Fortune Global 500 index. SAP SE has a strong corporate culture based on innovation and collaboration. The company is also actively engaged in corporate social responsibility (CSR) and advocates for issues such as sustainability and workplace diversity. Overall, SAP SE remains a key player in the enterprise software industry. The company is known for its advanced technology and commitment to customer care. The variety of products and solutions it offers allows customers to optimize their business processes and maximize their potential. SAP is one of the most popular companies on Eulerpool.

Frequently Asked Questions about SAP stock

EV/EBIT (Enterprise Value to EBIT) of SAP is 18.62 in 2025.

EV/EBIT (Enterprise Value to EBIT) of SAP changed from 36.93 to 18.62, representing a -49.57% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of EV/EBIT (Enterprise Value to EBIT) SAP since 2006 – with annual values, charts, and detailed analysis.

The EV/EBIT ratio measures a company's enterprise value relative to its operating earnings. It accounts for debt, making it useful for comparing companies with different capital structures.

EV/EBIT = Enterprise Value / Earnings Before Interest and Taxes

To evaluate EV/EBIT (Enterprise Value to EBIT)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for EV/EBIT (Enterprise Value to EBIT).

A 'good' varies by industry and company stage. On Eulerpool, you can compare EV/EBIT (Enterprise Value to EBIT)'s SAP with sector peers and the industry average to assess whether it is attractive.

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Valuation — SAP

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