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SAP SESAP -1.61%77 EV-to-EBITDA is 12.82 as of Jul. 18, 2026, which is 28% below its 10-year median of 17.86. GuruFocus rates SAP with a GF Score™ of 77/100 and a GF Value™ of $254.18 (Significantly Undervalued). Among 1,950 Software companies, SAP SE ranks worse than 58.62% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, SAP SE's enterprise value is $183,769 Mil.
SAP SE's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $14,331 Mil. Therefore, SAP SE's EV-to-EBITDA for today is 12.82.
The historical rank and industry rank for SAP SE's EV-to-EBITDA or its related term are showing as below:
SAP'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 10.33 Med: 17.86 Max: 49.68
Current: 12.93
During the past 13 years, the highest EV-to-EBITDA of SAP SE was 49.68. The lowest was 10.33. And the median was 17.86.
SAP's EV-to-EBITDA is ranked worse than 58.62% of 1950
companies
in the Software industry
Industry Median: 10.49
vs SAP: 12.93
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
As of today (2026-07-18), SAP SE's stock price is $159.04.
SAP SE's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $7.414. Therefore, SAP SE's PE Ratio (TTM) for today is 21.45.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
SAP SE (NYSE:SAP) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
SAP SE's share price for today is $159.04.
SAP SE's Earnings per Share (Diluted) 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 $7.414.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for SAP SE's EV-to-EBITDA 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.
For the Software - Application subindustry, SAP SE's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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-EBITDA vs Software Industry
For the Software industry and Technology sector, SAP SE's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where SAP SE's EV-to-EBITDA falls into.
SAP SE's current Enterprise Value is $183,769 Mil.
SAP SE's EBITDA 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 $14,331 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 (SAP) has a EV-to-EBITDA of 12.82 as of Jul. 18, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on SAP SE. This is 28% below median its historical median of 17.86. Over the past decade, SAP SE's EV-to-EBITDA has ranged from 10.33 to 49.68. According to the industry distribution chart, SAP SE ranks #1143 out of 1950 companies in the Software industry, placing it in the top 58.6%.
Is SAP SE's EV-to-EBITDA too high?
SAP SE's current EV-to-EBITDA of 12.82 is 28% below median its 10-year median of 17.86. Over the past 10 years, this metric has ranged from a low of 10.33 to a high of 49.68. The Software industry median EV-to-EBITDA is 10.49. SAP SE's value of 12.82 is 22.2% above this industry median. Based on the distribution chart, SAP SE ranks #1143 out of 1950 companies in the Software industry, which is below 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-EBITDA compare to UBER and SHOP?
According to the Software industry distribution chart, SAP SE ranks #1143 out of 1950 companies for EV-to-EBITDA. This places SAP SE in the lower half of its industry. The industry median EV-to-EBITDA is 10.49. SAP SE's value of 12.82 is 22.2% above this benchmark. Historically, SAP SE's own EV-to-EBITDA has ranged from 10.33 to 49.68 over the past decade. While the company's 10-year median is 17.86 vs. the industry median of 10.49, 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-EBITDA for a Software company?
The median EV-to-EBITDA among Software companies is 10.49, based on 1,950 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SAP SE's current EV-to-EBITDA of 12.82 is 22.2% 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on SAP SE. For the Software industry, the median EV-to-EBITDA is 10.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SAP SE's current EV-to-EBITDA is 12.82, which is 28% below median its own 10-year median of 17.86. 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 $254.18, compared to a current price of $159.04 — trading 37.4% below its estimated fair value. The current EV-to-EBITDA is 12.82, which is 28% below median its 10-year median of 17.86 and 22.2% above the Software industry median of 10.49. 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For SAP SE (SAP), the current EV-to-EBITDA is 12.82 as of Jul. 18, 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 $159.04 is trading 37.4% below its estimated GF Value™ of $254.18.
GuruFocus considers SAP SE to be Significantly Undervalued.
Key valuation signals for SAP:
EV-to-EBITDA: 12.82 (28% below median its 10-year median of 17.86)
GF Value™: $254.18 vs. price of $159.04 (37.4% below fair value)
Industry Position: 22.2% above the Software median (#1143 of 1950)
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.
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
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