SAP (SAP SE) EV-to-EBIT: 14.53 (As of Jul. 16, 2026) — 35% Below Median

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SAP SAP SE SAP
77 GF Score
Price $161.64
GF Value $250.89
Valuation Significantly Undervalued
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What is SAP SE EV-to-EBIT?

SAP SE SAP +3.68% 77 EV-to-EBIT is 14.53 as of Jul. 16, 2026, which is 35% below its 10-year median of 22.31. GuruFocus rates SAP with a GF Score™ of 77/100 and a GF Value™ of $250.89 (Significantly Undervalued). Among 1,762 Software companies, SAP SE ranks better than 50.4% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, SAP SE's Enterprise Value is $186,800 Mil. SAP SE's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $12,857 Mil. Therefore, SAP SE's EV-to-EBIT for today is 14.53.

The historical rank and industry rank for SAP SE's EV-to-EBIT or its related term are showing as below:

SAP' s EV-to-EBIT Range Over the Past 10 Years
Min: 11.95   Med: 22.31   Max: 61.65
Current: 14.53

During the past 13 years, the highest EV-to-EBIT of SAP SE was 61.65. The lowest was 11.95. And the median was 22.31.

SAP's EV-to-EBIT is ranked better than
50.4% of 1762 companies
in the Software industry
Industry Median: 14.355 vs SAP: 14.53

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. SAP SE's Enterprise Value for the quarter that ended in Mar. 2026 was $197,958 Mil. SAP SE's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $12,857 Mil. SAP SE's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 6.49%.


SAP SE  (NYSE:SAP) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

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

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2026 ) =EBIT / Enterprise Value (Q: Mar. 2026 )
=12857.153/197957.89139
=6.49 %

SAP SE's Enterprise Value for the quarter that ended in Mar. 2026 was $197,958 Mil.
SAP SE's 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 $12,857 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.


SAP SE EV-to-EBIT Related Terms


SAP SE EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for SAP SE's EV-to-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 EV-to-EBIT Chart

SAP SE Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.24 24.11 26.82 51.88 22.44

SAP SE Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-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 32.13 30.15 25.00 22.44 15.37

SAP vs UBER, SHOP, CRM: EV-to-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.


SAP
77GF Score
SAP SE SAP
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SAP SE EV-to-EBIT Calculation

SAP SE's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=186800.151/12857.153
=14.53

SAP SE's current Enterprise Value is $186,800 Mil.
SAP SE's 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 $12,857 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 EV-to-EBIT →
What does a EV-to-EBIT of 14.53 mean?
SAP SE (SAP) has a EV-to-EBIT of 14.53 as of Jul. 16, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on SAP SE and its competitors. This is 35% below median its historical median of 22.31. Over the past decade, SAP SE's EV-to-EBIT has ranged from 11.95 to 61.65. According to the industry distribution chart, SAP SE ranks #874 out of 1762 companies in the Software industry, placing it in the top 49.6%.
Is SAP SE's EV-to-EBIT too high?
SAP SE's current EV-to-EBIT of 14.53 is 35% below median its 10-year median of 22.31. Over the past 10 years, this metric has ranged from a low of 11.95 to a high of 61.65. The Software industry median EV-to-EBIT is 14.36. SAP SE's value of 14.53 is 1.2% above this industry median. Based on the distribution chart, SAP SE ranks #874 out of 1762 companies in the Software industry, which is above the industry midpoint. Overall, SAP SE has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SAP SE's EV-to-EBIT compare to UBER and SHOP?
According to the Software industry distribution chart, SAP SE ranks #874 out of 1762 companies for EV-to-EBIT. This puts SAP SE in the upper half of its industry. The industry median EV-to-EBIT is 14.36. SAP SE's value of 14.53 is 1.2% above this benchmark. Historically, SAP SE's own EV-to-EBIT has ranged from 11.95 to 61.65 over the past decade. While the company's 10-year median is 22.31 vs. the industry median of 14.36, SAP SE has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for a Software company?
The median EV-to-EBIT among Software companies is 14.36, based on 1,762 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SAP SE's current EV-to-EBIT of 14.53 is 1.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on SAP SE and its competitors. For the Software industry, the median EV-to-EBIT is 14.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SAP SE's current EV-to-EBIT is 14.53, which is 35% below median its own 10-year median of 22.31. 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 (SAP) is currently considered Significantly Undervalued. The stock's GF Value™ is $250.89, compared to a current price of $161.64 — trading 35.6% below its estimated fair value. The current EV-to-EBIT is 14.53, which is 35% below median its 10-year median of 22.31 and 1.2% above the Software industry median of 14.36. SAP SE's overall GF Score™ is 77/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For SAP SE (SAP), the current EV-to-EBIT is 14.53 as of Jul. 16, 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 (SAP) Overvalued in 2026?

Based on GuruFocus' analysis, SAP SE stock appears to be undervalued. The current stock price of $161.64 is trading 35.6% below its estimated GF Value™ of $250.89. GuruFocus considers SAP SE to be Significantly Undervalued.

Key valuation signals for SAP:

  • EV-to-EBIT: 14.53 (35% below median its 10-year median of 22.31)
  • GF Value™: $250.89 vs. price of $161.64 (35.6% below fair value)
  • GF Score™: 77/100
  • Industry Position: 1.2% above the Software median (#874 of 1762)

No single metric tells the full story. See the SAP 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.
77GF Score

Get the complete analysis for SAP

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

$161.64
Price
$250.89
GF Value