SAP SEFRA:SAP -0.21%74 OCF Margin % is 36.76% as of Mar. 2026, which is 79% above its 10-year median of 20.50. GuruFocus rates FRA:SAP with a GF Score™ of 74/100 and a GF Value™ of €218.96 (Significantly Undervalued). Among 2,815 Software companies, SAP SE ranks better than 83.13% on this metric.
OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. SAP SE's Cash Flow from Operations for the
three
months ended in Mar. 2026 was €3,512 Mil. SAP SE's Revenue for the
three
months ended in Mar. 2026 was €9,555 Mil. Therefore, SAP SE's OCF Margin % for the quarter that ended in Mar. 2026 was 36.76%.
The historical rank and industry rank for SAP SE's OCF Margin % or its related term are showing as below:
FRA:SAP'
s OCF Margin % Range Over the Past 10 Years
Min: 12.69 Med: 20.5 Max: 26.32
Current: 23.8
During the past 13 years, the highest OCF Margin % of SAP SE was 26.32%. The lowest was 12.69%. And the median was 20.50%.
FRA:SAP's OCF Margin % is ranked better than 83.13% of 2815
companies
in the Software industry
Industry Median: 6.78
vs FRA:SAP: 23.80
SAP SE OCF Margin % Related Terms
SAP SE OCF Margin % Historical Data
* Premium members only.
The historical data trend for SAP SE's OCF Margin % 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.
FRA:SAP vs CRM, SHOP, UBER: OCF Margin % Comparison
For the Software - Application subindustry, SAP SE's OCF Margin %, along with its competitors' market caps and OCF Margin % 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 OCF Margin % vs Software Industry
For the Software industry and Technology sector, SAP SE's OCF Margin % distribution charts can be found below:
* The bar in red indicates where SAP SE's OCF Margin % falls into.
* 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 (FRA:SAP) has a OCF Margin % of 36.76% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on SAP SE and its competitors. This is 79% above median its historical median of 20.50. Over the past decade, SAP SE's OCF Margin % has ranged from 12.69 to 26.32. According to the industry distribution chart, SAP SE ranks #475 out of 2815 companies in the Software industry, placing it in the top 16.9%.
Is SAP SE's OCF Margin % too high?
SAP SE's current OCF Margin % of 36.76% is 79% above median its 10-year median of 20.50. Over the past 10 years, this metric has ranged from a low of 12.69 to a high of 26.32. The Software industry median OCF Margin % is 6.78. SAP SE's value of 36.76% is 442.2% above this industry median. Based on the distribution chart, SAP SE ranks #475 out of 2815 companies in the Software industry, which is in the top quartile — a strong position relative to peers. 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 OCF Margin % compare to CRM and SHOP?
According to the Software industry distribution chart, SAP SE ranks #475 out of 2815 companies for OCF Margin %. This places SAP SE in the top 17% of its industry — outperforming the majority of peers. The industry median OCF Margin % is 6.78. SAP SE's value of 36.76% is 442.2% above this benchmark. Historically, SAP SE's own OCF Margin % has ranged from 12.69 to 26.32 over the past decade. While the company's 10-year median is 20.50 vs. the industry median of 6.78, 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 OCF Margin % for a Software company?
The median OCF Margin % among Software companies is 6.78, based on 2,815 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SAP SE's current OCF Margin % of 36.76% is 442.2% 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on SAP SE and its competitors. For the Software industry, the median OCF Margin % is 6.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SAP SE's current OCF Margin % is 36.76%, which is 79% above median its own 10-year median of 20.50. 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 (FRA:SAP) is currently considered Significantly Undervalued. The stock's GF Value™ is €218.96, compared to a current price of €134.76 — trading 38.5% below its estimated fair value. The current OCF Margin % is 36.76%, which is 79% above median its 10-year median of 20.50 and 442.2% above the Software industry median of 6.78. 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 OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For SAP SE (FRA:SAP), the current OCF Margin % is 36.76% 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 (FRA:SAP) Overvalued in 2026?
Based on GuruFocus' analysis, SAP SE stock appears to be undervalued.
The current stock price of €134.76 is trading 38.5% below its estimated GF Value™ of €218.96.
GuruFocus considers SAP SE to be Significantly Undervalued.
Key valuation signals for FRA:SAP:
OCF Margin %: 36.76% (79% above median its 10-year median of 20.50)
GF Value™: €218.96 vs. price of €134.76 (38.5% below fair value)
Industry Position: 442.2% above the Software median (#475 of 2815)
No single metric tells the full story. See the FRA: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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