SAP SE (CHIX:SAPD) EBIT: €11,053 Mil (TTM As of Mar. 2026)


CHIX:SAPD SAP SE CHIX:SAPD
76 GF Score
Price €132.55
GF Value €215.91
Valuation Significantly Undervalued
View Full Analysis

What is SAP SE EBIT?

SAP SE CHIX:SAPD 76 EBIT is €11,053 Mil as of Mar. 2026. GuruFocus rates CHIX:SAPD with a GF Score™ of 76/100 and a GF Value™ of €215.91 (Significantly Undervalued).

SAP SE's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €3,038 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €11,053 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SAP SE's annualized ROC % for the quarter that ended in Mar. 2026 was 11.79%. SAP SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 270.83%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SAP SE's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 7.11%.


SAP SE  (CHIX:SAPd) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

SAP SE's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=11008 * ( 1 - 29.13% )/( (64123 + 68200)/ 2 )
=7801.3696/66161.5
=11.79 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

SAP SE's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=12152/( ( (4497 + max(-6841, 0)) + (4477 + max(-6237, 0)) )/ 2 )
=12152/( ( 4497 + 4477 )/ 2 )
=12152/4487
=270.83 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(5790 + 0 + 2933) - (3399 + 6581 + 5584)
=-6841

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8575 + 0 + 3184) - (3827 + 10113 + 4056)
=-6237

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

SAP SE's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=11053/155382.043
=7.11 %

* 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 EBIT Related Terms


SAP SE EBIT Historical Data

* Premium members only.

The historical data trend for SAP SE's EBIT 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.

SAP SE EBIT Chart

SAP SE Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9,450.00 4,911.00 5,980.00 5,309.00 10,762.00

SAP SE Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 2,748.00 2,770.00 3,057.00 2,188.00 3,038.00

CHIX:SAPD vs CRM, SHOP, UBER: EBIT Comparison

For the Software - Application subindustry, SAP SE's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, SAP SE's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where SAP SE's EV-to-EBIT falls into.


CHIX:SAPD
76GF Score
SAP SE CHIX:SAPD
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SAP SE EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €11,053 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €11,053 Mil mean?
SAP SE (CHIX:SAPD) has a EBIT of €11,053 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on SAP SE.
Is SAP SE's EBIT too high?
SAP SE's current EBIT is €11,053 Mil. Overall, SAP SE has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SAP SE's EBIT compare to CRM and SHOP?
SAP SE's EBIT of €11,053 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Software company?
A good EBIT depends on the Software industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on SAP SE. SAP SE's current EBIT is €11,053 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SAP SE stock overvalued right now?
Based on GuruFocus' analysis, SAP SE (CHIX:SAPD) is currently considered Significantly Undervalued. The stock's GF Value™ is €215.91, compared to a current price of €132.55 — trading 38.6% below its estimated fair value. The current EBIT is €11,053 Mil. SAP SE's overall GF Score™ is 76/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For SAP SE (CHIX:SAPD), the current EBIT is €11,053 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is SAP SE (CHIX:SAPD) Overvalued in 2026?

Based on GuruFocus' analysis, SAP SE stock appears to be undervalued. The current stock price of €132.55 is trading 38.6% below its estimated GF Value™ of €215.91. GuruFocus considers SAP SE to be Significantly Undervalued.

Key valuation signals for CHIX:SAPD:

  • EBIT: €11,053 Mil
  • GF Value™: €215.91 vs. price of €132.55 (38.6% below fair value)
  • GF Score™: 76/100

No single metric tells the full story. See the CHIX:SAPD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


SAP SE Business Description

Address Dietmar-Hopp-Allee 16, Walldorf, BW, DEU, 69190
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.
76GF Score

Get the complete analysis for CHIX:SAPD

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€132.55
Price
€215.91
GF Value