Valuation SAP SE Deutsche Boerse AG

Stocks

Real-time Estimate Tradegate 13:58:48 09/10/2026 BST			5-day change	1st Jan Change
190.35 ^EUR	+0.65%		+4.07%	-8.52%

08:46am	Dax sets course for recovery - Telekom shares plunge	RE
10-08	SAP SE : UBS remains Neutral	ZD

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	147,329	112,276	162,380	274,903	242,644	213,088	-	-
Change	-	-23.79%	44.63%	69.3%	-11.73%	-12.18%	-	-
Enterprise Value (EV) ¹	151,243	116,785	160,588	273,208	239,263	211,109	208,406	200,759
Change	-	-22.78%	37.51%	70.13%	-12.42%	-11.77%	-1.28%	-3.67%
P/E	28x	49.2x	45.7x	89.2x	33.2x	26.1x	22.7x	19.3x
PBR	3.78x	2.81x	3.78x	6.06x	5.43x	4.56x	4.24x	3.75x
PEG	-	-0.9x	0.8x	-6.8x	0x	2.1x	1.5x	1.1x
Capitalization / Revenue	5.29x	3.64x	5.2x	8.04x	6.59x	5.29x	4.74x	4.23x
EV / Revenue	5.43x	3.78x	5.15x	7.99x	6.5x	5.24x	4.63x	3.99x
EV / EBITDA	15.1x	11.8x	15.9x	29x	20.4x	16.5x	14.2x	11.9x
EV / EBIT	18.4x	14.5x	18.4x	33.5x	23x	18x	15.4x	13x
EV / FCF	30.2x	26.9x	29x	66.4x	29x	21.1x	18.3x	15.7x
FCF Yield	3.31%	3.72%	3.44%	1.51%	3.44%	4.75%	5.46%	6.37%
Dividend per Share ²	1.95	2.05	2.2	2.35	2.5	2.679	3.004	3.389
Rate of return	1.56%	2.13%	1.58%	0.99%	1.2%	1.45%	1.63%	1.84%
EPS ²	4.46	1.96	3.05	2.65	6.28	7.065	8.143	9.576
Distribution rate	43.7%	105%	72.1%	88.7%	39.8%	37.9%	36.9%	35.4%
Net sales ¹	27,842	30,871	31,207	34,176	36,800	40,264	44,991	50,368
EBITDA ¹	10,005	9,929	10,094	9,433	11,730	12,772	14,676	16,801
EBIT ¹	8,230	8,033	8,721	8,153	10,419	11,722	13,520	15,503
Net income ¹	5,383	1,714	3,564	3,124	7,492	8,190	9,225	10,850
Net Debt ¹	3,914	4,509	-1,792	-1,695	-3,381	-1,979	-4,682	-12,329
Reference price ²	124.90	96.39	139.48	236.30	208.35	184.62	184.62	184.62
Nbr of stocks (in thousands)	1,179,579	1,164,814	1,164,184	1,163,363	1,164,600	1,154,200	-	-
Announcement Date	27/01/22	26/01/23	23/01/24	28/01/25	29/01/26	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
MICROSOFT CORPORATION	26.51x	9.79x	15.99x	0.74%	3,881B
PALANTIR TECHNOLOGIES INC.	128.05x	56.71x	92.35x	-.--%	478B
ORACLE CORPORATION	20.43x	5.84x	10.17x	1.47%	411B
PALO ALTO NETWORKS, INC.	252.84x	22.57x	66.07x	-.--%	326B
CROWDSTRIKE HOLDINGS, INC.	2630.1x	44.08x	144.15x	-.--%	270B
SAP SE	26.13x	5.24x	16.53x	1.45%	239B
SERVICENOW, INC.	90.46x	8.79x	23.52x	-.--%	144B
FORTINET, INC.	61.15x	16.51x	43.47x	-.--%	139B
CADENCE DESIGN SYSTEMS, INC.	72.51x	15.3x	32.24x	-.--%	96.07B
Average	367.58x	20.54x	49.39x	0.41%	664.83B
Weighted average by Cap.	167.03x	15.54x	31.30x	0.64%