Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
SAP SE's operating assets for the quarter that ended in Mar. 2026 was MXN1,322,057 Mil. SAP SE's operating liabilities for the quarter that ended in Mar. 2026 was MXN421,840 Mil. SAP SE's Total Assets for the quarter that ended in Dec. 2025 was MXN1,483,509 Mil. Therefore, SAP SE's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.61.
SAP SE Scaled Net Operating Assets Related Terms
SAP SE Scaled Net Operating Assets Historical Data
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The historical data trend for SAP SE's Scaled Net Operating Assets 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.
MEX:SAP1N vs CRM, SHOP, UBER: Scaled Net Operating Assets Comparison
For the Software - Application subindustry, SAP SE's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Software Industry
For the Software industry and Technology sector, SAP SE's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where SAP SE's Scaled Net Operating Assets 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.
What does a Scaled Net Operating Assets of 0.61 mean?
SAP SE (MEX:SAP1N) has a Scaled Net Operating Assets of 0.61 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on SAP SE and its competitors.
Is SAP SE's Scaled Net Operating Assets too high?
SAP SE's current Scaled Net Operating Assets is 0.61. Overall, SAP SE has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does SAP SE's Scaled Net Operating Assets compare to CRM and SHOP?
SAP SE's Scaled Net Operating Assets of 0.61 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Software company?
A good Scaled Net Operating Assets depends on the Software industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on SAP SE and its competitors. SAP SE's current Scaled Net Operating Assets is 0.61. 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?
SAP SE (MEX:SAP1N) has a current Scaled Net Operating Assets of 0.61. The stock's GF Value™ is MXN5,652.94, compared to a current price of MXN3,479.17 — trading 38.5% below its estimated fair value. The current Scaled Net Operating Assets is 0.61. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For SAP SE (MEX:SAP1N), the current Scaled Net Operating Assets is 0.61 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 (MEX:SAP1N) Overvalued in 2026?
Based on GuruFocus' analysis, SAP SE stock appears to be undervalued.
The current stock price of MXN3,479.17 is trading 38.5% below its estimated GF Value™ of MXN5,652.94.
Key valuation signals for MEX:SAP1N:
Scaled Net Operating Assets: 0.61
GF Value™: MXN5,652.94 vs. price of MXN3,479.17 (38.5% below fair value)
No single metric tells the full story. See the MEX:SAP1N 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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