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SAP SESAP 81 Shiller PE Ratio is 40.40 as of Aug. 27, 2026, which is 9% above its 10-year median of 37.18. GuruFocus rates SAP with a GF Score™ of 81/100 and a GF Value™ of $263.18 (Modestly Undervalued). Among 1,021 Software companies, SAP SE ranks worse than 66.5% on this metric.
As of today (2026-08-27), SAP SE's current share price is $211.68. SAP SE's E10 for the quarter that ended in Jun. 2026 was $5.24. SAP SE's Shiller PE Ratio for today is 40.40.
The historical rank and industry rank for SAP SE's Shiller PE Ratio or its related term are showing as below:
SAP'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 22.77 Med: 37.18 Max: 70.65
Current: 39.49
During the past years, SAP SE's highest Shiller PE Ratio was 70.65. The lowest was 22.77. And the median was 37.18.
SAP's Shiller PE Ratio is ranked worse than 66.5% of 1021
companies
in the Software industry
Industry Median: 27.51
vs SAP: 39.49
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
SAP SE's adjusted earnings per share data for the three months ended in Jun. 2026 was $2.166. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $5.24 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
SAP SE Shiller PE Ratio Related Terms
SAP SE Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for SAP SE's Shiller PE Ratio 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 vs QH, SHOP, UBER: Shiller PE Ratio Comparison
For the Software - Application subindustry, SAP SE's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio vs Software Industry
For the Software industry and Technology sector, SAP SE's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where SAP SE's Shiller PE Ratio falls into.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
SAP SE's Shiller PE Ratio for today is calculated as
* 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's E10 for the quarter that ended in Jun. 2026 is calculated as:
For example, SAP SE's adjusted earnings per share data for the three months ended in Jun. 2026 was:
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
SAP SE (SAP) has a Shiller PE Ratio of 40.40 as of Aug. 27, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on SAP SE and its competitors. This is near median its historical median of 37.18. Over the past decade, SAP SE's Shiller PE Ratio has ranged from 22.77 to 70.65. According to the industry distribution chart, SAP SE ranks #679 out of 1021 companies in the Software industry, placing it in the top 66.5%.
Is SAP SE's Shiller PE Ratio too high?
SAP SE's current Shiller PE Ratio of 40.40 is near median its 10-year median of 37.18. Over the past 10 years, this metric has ranged from a low of 22.77 to a high of 70.65. The Software industry median Shiller PE Ratio is 27.51. SAP SE's value of 40.40 is 46.9% above this industry median. Based on the distribution chart, SAP SE ranks #679 out of 1021 companies in the Software industry, which is below the industry midpoint. Overall, SAP SE has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SAP SE's Shiller PE Ratio compare to QH and SHOP?
According to the Software industry distribution chart, SAP SE ranks #679 out of 1021 companies for Shiller PE Ratio. This places SAP SE in the lower half of its industry. The industry median Shiller PE Ratio is 27.51. SAP SE's value of 40.40 is 46.9% above this benchmark. Historically, SAP SE's own Shiller PE Ratio has ranged from 22.77 to 70.65 over the past decade. While the company's 10-year median is 37.18 vs. the industry median of 27.51, 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 Shiller PE Ratio for a Software company?
The median Shiller PE Ratio among Software companies is 27.51, based on 1,021 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SAP SE's current Shiller PE Ratio of 40.40 is 46.9% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on SAP SE and its competitors. For the Software industry, the median Shiller PE Ratio is 27.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SAP SE's current Shiller PE Ratio is 40.40, which is near median its own 10-year median of 37.18. 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 Modestly Undervalued. The stock's GF Value™ is $263.18, compared to a current price of $211.68 — trading 19.6% below its estimated fair value. The current Shiller PE Ratio is 40.40, which is near median its 10-year median of 37.18 and 46.9% above the Software industry median of 27.51. SAP SE's overall GF Score™ is 81/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For SAP SE (SAP), the current Shiller PE Ratio is 40.40 as of Aug. 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 (SAP) Overvalued in 2026?
Based on GuruFocus' analysis, SAP SE stock appears to be undervalued.
The current stock price of $211.68 is trading 19.6% below its estimated GF Value™ of $263.18.
GuruFocus considers SAP SE to be Modestly Undervalued.
Key valuation signals for SAP:
Shiller PE Ratio: 40.40 (near median its 10-year median of 37.18)
GF Value™: $263.18 vs. price of $211.68 (19.6% below fair value)
Industry Position: 46.9% above the Software median (#679 of 1021)
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.
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