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 April 2024 (TTM): 33.6
According to SAP's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 33.5853. At the end of 2022 the company had a P/E ratio of 49.9.
P/E ratio history for SAP from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 49.9 | 84.08% |
| 2021 | 27.1 | 6.22% |
| 2020 | 25.5 | -40.89% |
| 2019 | 43.1 | 72.48% |
| 2018 | 25.0 | -12.54% |
| 2017 | 28.6 | 9.56% |
| 2016 | 26.1 | -6.59% |
| 2015 | 27.9 | 41.9% |
| 2014 | 19.7 | -15.17% |
| 2013 | 23.2 | -10.86% |
| 2012 | 26.0 | 93.04% |
| 2011 | 13.5 | -46.73% |
| 2010 | 25.3 | 13.84% |
| 2009 | 22.2 | 38.28% |
| 2008 | 16.1 | -28.75% |
| 2007 | 22.6 | -15.36% |
| 2006 | 26.7 | -13.61% |
| 2005 | 30.9 | -5.44% |
| 2004 | 32.7 | -17.73% |
| 2003 | 39.7 | -9.77% |
| 2002 | 44.0 | -7.92% |
| 2001 | 47.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Microsoft MSFT | 36.4 | 8.44% | 🇺🇸 USA |
 Adobe ADBE | 42.4 | 26.36% | 🇺🇸 USA |
 Oracle ORCL | 33.4 | -0.46% | 🇺🇸 USA |
 IBM IBM | 23.8 | -29.09% | 🇺🇸 USA |
 Electronic Arts EA | 34.4 | 2.48% | 🇺🇸 USA |
 Intuit INTU | 71.6 | 113.11% | 🇺🇸 USA |
 Salesforce CRM | 169 | 402.88% | 🇺🇸 USA |
 Ericsson ERIC | -7.87 | -123.42% | 🇸🇪 Sweden |
 Vmware VMW | 42.7 | 27.02% | 🇺🇸 USA |
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.