SAP SE, is a German software company based in Walldorf (Baden-Württemberg). SAP is the largest European and the third largest listed software company in terms of sales.
P/E ratio for SAP (SAP)
P/E ratio as of July 2025 (TTM): 58.0
According to SAP's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 58.0231. At the end of 2024 the company had a P/E ratio of 85.9.
P/E ratio history for SAP from 2001 to 2025
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2024 | 85.9 | 215.16% |
| 2023 | 27.2 | -45.52% |
| 2022 | 50.0 | 84.37% |
| 2021 | 27.1 | 6.32% |
| 2020 | 25.5 | -40.94% |
| 2019 | 43.2 | 72.8% |
| 2018 | 25.0 | -12.74% |
| 2017 | 28.7 | 9.74% |
| 2016 | 26.1 | -6.99% |
| 2015 | 28.1 | 42.01% |
| 2014 | 19.8 | -14.8% |
| 2013 | 23.2 | -10.92% |
| 2012 | 26.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Adobe ADBE | 23.3 | -59.82% | 🇺🇸 USA |
 Oracle ORCL | 56.2 | -3.07% | 🇺🇸 USA |
 Microsoft MSFT | 39.3 | -32.22% | 🇺🇸 USA |
 IBM IBM | 48.2 | -17.00% | 🇺🇸 USA |
 Intuit INTU | 60.6 | 4.45% | 🇺🇸 USA |
 Salesforce CRM | 41.5 | -28.43% | 🇺🇸 USA |
 Vmware VMW | 42.7 | -26.48% | 🇺🇸 USA |
 Electronic Arts EA | 37.8 | -34.79% | 🇺🇸 USA |
 Ericsson ERIC | 145 | 149.40% | 🇸🇪 Sweden |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.