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SAP SE (BSE:SAP) Cyclically Adjusted PB Ratio : 8.58 (As of Jun. 02, 2025)


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What is SAP SE Cyclically Adjusted PB Ratio?

As of today (2025-06-02), SAP SE's current share price is lei1341.20. SAP SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was lei156.23. SAP SE's Cyclically Adjusted PB Ratio for today is 8.58.

The historical rank and industry rank for SAP SE's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSE:SAP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.41   Med: 6.54   Max: 8.98
Current: 8.47

During the past years, SAP SE's highest Cyclically Adjusted PB Ratio was 8.98. The lowest was 3.41. And the median was 6.54.

BSE:SAP's Cyclically Adjusted PB Ratio is ranked worse than
84.33% of 1436 companies
in the Software industry
Industry Median: 2.705 vs BSE:SAP: 8.47

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

SAP SE's adjusted book value per share data for the three months ended in Mar. 2025 was lei187.339. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is lei156.23 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


SAP SE Cyclically Adjusted PB Ratio Historical Data

The historical data trend for SAP SE's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SAP SE Cyclically Adjusted PB Ratio Chart

SAP SE Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.77 5.84 3.81 4.94 7.66

SAP SE Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.22 6.38 6.77 7.66 7.78

Competitive Comparison of SAP SE's Cyclically Adjusted PB Ratio

For the Software - Application subindustry, SAP SE's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SAP SE's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, SAP SE's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where SAP SE's Cyclically Adjusted PB Ratio falls into.


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SAP SE Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

SAP SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1341.20/156.23
=8.58

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SAP SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, SAP SE's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=187.339/127.7792*127.7792
=187.339

Current CPI (Mar. 2025) = 127.7792.

SAP SE Quarterly Data

Book Value per Share CPI Adj_Book
201506 86.258 100.417 109.762
201509 89.335 100.417 113.678
201512 93.563 99.717 119.894
201603 94.106 100.017 120.228
201606 95.123 100.717 120.682
201609 98.346 101.017 124.401
201612 102.652 101.217 129.591
201703 105.499 101.417 132.922
201706 101.639 102.117 127.181
201709 107.631 102.717 133.892
201712 111.756 102.617 139.159
201803 117.232 102.917 145.552
201806 111.730 104.017 137.254
201809 116.572 104.718 142.244
201812 121.523 104.217 148.997
201903 122.143 104.217 149.757
201906 115.467 105.718 139.563
201909 123.061 106.018 148.321
201912 126.566 105.818 152.834
202003 125.666 105.718 151.891
202006 120.917 106.618 144.916
202009 128.894 105.818 155.645
202012 135.531 105.518 164.125
202103 149.775 107.518 177.999
202106 147.387 108.486 173.599
202109 155.268 109.435 181.296
202112 164.590 110.384 190.528
202203 164.537 113.968 184.476
202206 159.251 115.760 175.785
202209 160.788 118.818 172.915
202212 161.301 119.345 172.700
202303 163.287 122.402 170.460
202306 171.815 123.140 178.287
202309 173.335 124.195 178.338
202312 178.309 123.773 184.081
202403 177.407 125.038 181.296
202406 169.974 125.882 172.536
202409 173.405 126.198 175.578
202412 180.370 127.041 181.418
202503 187.339 127.779 187.339

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


SAP SE  (BSE:SAP) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


SAP SE Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of SAP SE's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


SAP SE Business Description

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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.