SAP SEXTER:SAP +2.16%74 EV-to-FCF is 19.32 as of Jun. 27, 2026, which is 40% below its 10-year median of 31.98. GuruFocus rates XTER:SAP with a GF Score™ of 74/100 and a GF Value™ of €219.12 (Significantly Undervalued). Among 1,590 Software companies, SAP SE ranks worse than 61.13% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, SAP SE's Enterprise Value is €156,106 Mil.
SAP SE's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €8,078 Mil. Therefore, SAP SE's EV-to-FCF for today is 19.32.
The historical rank and industry rank for SAP SE's EV-to-FCF or its related term are showing as below:
XTER:SAP'
s EV-to-FCF Range Over the Past 10 Years
Min: 19.19 Med: 31.98 Max: 74.24
Current: 19.32
During the past 13 years, the highest EV-to-FCF of SAP SE was 74.24. The lowest was 19.19. And the median was 31.98.
XTER:SAP's EV-to-FCF is ranked worse than 61.13% of 1590
companies
in the Software industry
Industry Median: 14.15
vs XTER:SAP: 19.32
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
As of today (2026-06-27), SAP SE's stock price is €135.14.
SAP SE's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was €6.370. Therefore, SAP SE's PE Ratio (TTM) for today is 21.22.
SAP SE (XTER:SAP) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 €135.14.
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 €6.370.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
SAP SE EV-to-FCF Related Terms
SAP SE EV-to-FCF Historical Data
* Premium members only.
The historical data trend for SAP SE's EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Software Industry
For the Software industry and Technology sector, SAP SE's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where SAP SE's EV-to-FCF falls into.
SAP SE's current Enterprise Value is €156,106 Mil.
SAP SE's Free Cash Flow 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 €8,078 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 (XTER:SAP) has a EV-to-FCF of 19.32 as of Jun. 27, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on SAP SE and its competitors. This is 40% below median its historical median of 31.98. Over the past decade, SAP SE's EV-to-FCF has ranged from 19.19 to 74.24. According to the industry distribution chart, SAP SE ranks #972 out of 1590 companies in the Software industry, placing it in the top 61.1%.
Is SAP SE's EV-to-FCF too high?
SAP SE's current EV-to-FCF of 19.32 is 40% below median its 10-year median of 31.98. Over the past 10 years, this metric has ranged from a low of 19.19 to a high of 74.24. The Software industry median EV-to-FCF is 14.15. SAP SE's value of 19.32 is 36.5% above this industry median. Based on the distribution chart, SAP SE ranks #972 out of 1590 companies in the Software industry, which is below the industry midpoint. Overall, SAP SE has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SAP SE's EV-to-FCF compare to CRM and SHOP?
According to the Software industry distribution chart, SAP SE ranks #972 out of 1590 companies for EV-to-FCF. This places SAP SE in the lower half of its industry. The industry median EV-to-FCF is 14.15. SAP SE's value of 19.32 is 36.5% above this benchmark. Historically, SAP SE's own EV-to-FCF has ranged from 19.19 to 74.24 over the past decade. While the company's 10-year median is 31.98 vs. the industry median of 14.15, 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-FCF for a Software company?
The median EV-to-FCF among Software companies is 14.15, based on 1,590 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SAP SE's current EV-to-FCF of 19.32 is 36.5% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on SAP SE and its competitors. For the Software industry, the median EV-to-FCF is 14.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SAP SE's current EV-to-FCF is 19.32, which is 40% below median its own 10-year median of 31.98. 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 (XTER:SAP) is currently considered Significantly Undervalued. The stock's GF Value™ is €219.12, compared to a current price of €135.14 — trading 38.3% below its estimated fair value. The current EV-to-FCF is 19.32, which is 40% below median its 10-year median of 31.98 and 36.5% above the Software industry median of 14.15. SAP SE's overall GF Score™ is 74/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For SAP SE (XTER:SAP), the current EV-to-FCF is 19.32 as of Jun. 27, 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 (XTER:SAP) Overvalued in 2026?
Based on GuruFocus' analysis, SAP SE stock appears to be undervalued.
The current stock price of €135.14 is trading 38.3% below its estimated GF Value™ of €219.12.
GuruFocus considers SAP SE to be Significantly Undervalued.
Key valuation signals for XTER:SAP:
EV-to-FCF: 19.32 (40% below median its 10-year median of 31.98)
GF Value™: €219.12 vs. price of €135.14 (38.3% below fair value)
Industry Position: 36.5% above the Software median (#972 of 1590)
No single metric tells the full story. See the XTER: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.
74GF Score
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