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SAP Valuation Multiples
Discover revenue and EBITDA valuation multiples for SAP and similar public comparables like IBM, Salesforce, Intuit, Baidu and more.
SAP Overview
About SAP
Founded in Germany in 1972 by former IBM employees, SAP is the world’s largest provider of enterprise application software. Known as the leader in enterprise resource planning software, SAP’s portfolio also includes software for supply chain management, procurement, travel and expense management, and customer relationship management, among others. The company operates in more than 180 countries and has more than 400,000 customers, approximately 80% of which are small to medium-size enterprises.
Founded
1972
HQ
Employees
110.0K
Website
Sectors
Financials (LTM)
EV
$222B
SAP Financials
SAP reported last 12-month revenue of $44B and EBITDA of $14B.
In the same LTM period, SAP generated $33B in gross profit, $14B in EBITDA, and $9B in net income.
Revenue (LTM)
SAP P&L
In the most recent fiscal year, SAP reported revenue of $44B and EBITDA of $14B.
SAP expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $44B | XXX | $44B | XXX | XXX | XXX |
| Gross Profit | $33B | XXX | $31B | XXX | XXX | XXX |
| Gross Margin | 74% | XXX | 70% | XXX | XXX | XXX |
| EBITDA | $14B | XXX | $14B | XXX | XXX | XXX |
| EBITDA Margin | 31% | XXX | 32% | XXX | XXX | XXX |
| EBIT Margin | 29% | XXX | 28% | XXX | XXX | XXX |
| Net Profit | $9B | XXX | $9B | XXX | XXX | XXX |
| Net Margin | 20% | XXX | 20% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
SAP Stock Performance
SAP has current market cap of $224B, and enterprise value of $222B.
Market Cap Evolution
SAP's stock price is $192.53.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $222B | $224B | -0.2% | XXX | XXX | XXX | $7.35 |
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Start Free TrialSAP Valuation Multiples
SAP trades at 5.0x EV/Revenue multiple, and 15.9x EV/EBITDA.
EV / Revenue (LTM)
SAP Financial Valuation Multiples
As of March 14, 2026, SAP has market cap of $224B and EV of $222B.
Equity research analysts estimate SAP's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
SAP has a P/E ratio of 25.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $224B | XXX | $224B | XXX | XXX | XXX |
| EV (current) | $222B | XXX | $222B | XXX | XXX | XXX |
| EV/Revenue | 5.0x | XXX | 5.0x | XXX | XXX | XXX |
| EV/EBITDA | 15.9x | XXX | 15.9x | XXX | XXX | XXX |
| EV/EBIT | 17.5x | XXX | 17.8x | XXX | XXX | XXX |
| EV/Gross Profit | 6.8x | XXX | 7.2x | XXX | XXX | XXX |
| P/E | 25.6x | XXX | 26.2x | XXX | XXX | XXX |
| EV/FCF | 21.8x | XXX | 22.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified SAP Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
SAP Margins & Growth Rates
SAP's revenue in the last 12 month grew by 7%.
SAP's revenue per employee in the last FY averaged $0.4M.
SAP's rule of 40 is 38% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
SAP's rule of X is 48% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
SAP Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 31% | XXX | 32% | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | 8% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 38% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 48% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 23% | XXX | 23% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 4% | XXX | 4% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 18% | XXX | 17% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 45% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
SAP Public Comps
See public comps and valuation multiples for other ERP Software and Financial Management Software comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| IBM | XXX | XXX | XXX | XXX | XXX | XXX |
| Salesforce | XXX | XXX | XXX | XXX | XXX | XXX |
| Intuit | XXX | XXX | XXX | XXX | XXX | XXX |
| Baidu | XXX | XXX | XXX | XXX | XXX | XXX |
| Roper Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
SAP M&A Activity
SAP acquired XXX companies to date.
Last acquisition by SAP was on XXXXXXXX, XXXXX. SAP acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by SAP
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSAP Investment Activity
SAP invested in XXX companies to date.
SAP made its latest investment on XXXXXXXX, XXXXX. SAP invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by SAP
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout SAP
| When was SAP founded? | SAP was founded in 1972. |
| Where is SAP headquartered? | SAP is headquartered in Germany. |
| How many employees does SAP have? | As of today, SAP has over 110K employees. |
| Who is the CEO of SAP? | SAP's CEO is Christian Klein. |
| Is SAP publicly listed? | Yes, SAP is a public company listed on Frankfurt Stock Exchange. |
| What is the stock symbol of SAP? | SAP trades under SAP ticker. |
| When did SAP go public? | SAP went public in 1988. |
| Who are competitors of SAP? | SAP main competitors are IBM, Salesforce, Intuit, Baidu. |
| What is the current market cap of SAP? | SAP's current market cap is $224B. |
| What is the current revenue of SAP? | SAP's last 12 months revenue is $44B. |
| What is the current revenue growth of SAP? | SAP revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of SAP? | Current revenue multiple of SAP is 5.0x. |
| Is SAP profitable? | Yes, SAP is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of SAP? | SAP's last 12 months EBITDA is $14B. |
| What is SAP's EBITDA margin? | SAP's last 12 months EBITDA margin is 31%. |
| What is the current EV/EBITDA multiple of SAP? | Current EBITDA multiple of SAP is 15.9x. |
| What is the current FCF of SAP? | SAP's last 12 months FCF is $10B. |
| What is SAP's FCF margin? | SAP's last 12 months FCF margin is 23%. |
| What is the current EV/FCF multiple of SAP? | Current FCF multiple of SAP is 21.8x. |
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