SAP stock
SAP.DEXETRASAP SE, TechnologyISIN DE0007164600WKN 716460
76Score 76 out of 100, Strong
Price and trend
81 / 100
Price history
−2.7% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 28% above it.
Since September 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 47).
The price is 1.5% below its 52-week high. Largest decline in 20 years: 54% (February 2025 to July 2026).
Chart figures for advanced users
- SMA 50$217.02
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$184.34
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)47
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$142.19
- The lowest closing price of the last twelve months.
- Resistance$239.07
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- SAP SE belongs to the Software (Application) industry (Germany) and, with a market value of $271.85B, is the largest of 188 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $40.78B (up 7.7% year on year) and earnings of $7.94B (up 129.2%).
- For fiscal 2026, analysts expect on average revenue of $44.83B (up 9.9%) and adjusted earnings per share of $7.85 (up 16.4%).
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- MEQIRI Score 76 out of 100 (Strong): rank 99 of 854 in Technology, median 61.
- The P/E is 30.8 (Software (Application) median 31.3, own median of recent years 27.6).
- Our model puts fair value at $243.94, with the price 3% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Reliable dividendNo dividend cut for over 27 years.Capital allocation 77
- Consistently profitableProfit in all 10 fiscal years from 2016 to 2025.Fundamentals 93
- High marginNet margin 20.4% over the last 12 months, Software (Application) median 6.9%.Profitability 85
Weaknesses
None of our weakness checks flags anything. Crash risk is measured separately.
Its standout strengths are fundamentals and profitability, while valuation holds the score back.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 75 to 76.
Fundamentals are strong, with stable profits and strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk medium
How well MEQIRI warnsIn the middle among the 100 largest stocks.
From 2016 to 2025, 7 in 100 such stocks fell 30% or more within a year, against a group average of 9 in 100.
What lowers it
- solid fundamentals
- price near its 52-week high
- very large company
Valuation
Valuation signal
Fairly valuedIn our model the price counts as cheap below $174.24 and expensive above $406.56 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $248.36 (cash-flow model) and $239.52 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is slightly below both parts; given how much the stock swings, that still counts as fair.
Calculated with a cost of equity of 7.7%. At 8.7% the fair value would be $223.66, at 6.7% it would be $273.17.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (31.3).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 7.9% on the twelve months before. Revenue has grown solidly since 2006, at about 7% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 73%, operating 26%, net 19%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with low debt and comfortable interest coverage.
Earnings
- Next earnings
- 28 Jan 2027in 76 days
- Last reported
- 21 Oct 2026EPS reported $2.12 (expected $2.02)above expectations
Analyst estimates
Earnings estimates have barely changed since 15 Oct 2026.
- Earnings per share
- $7.85+0.6%
- Revenue
- $44.83B+0.5%
- Earnings per share
- $9.25−0.5%
- Revenue
- $50.21B+0.7%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: +17.9%Top line outlook and free cash flow maintained, with operating profit adjusted by EUR 0.1 billion to EUR 11.2 billion to EUR 11.8 billion for acquisitions; the original outlook excluding M&A is on track.
“We are adjusting our operating profit outlook by EUR 0.1 billion and now expect EUR 11.8 billion to EUR 11.2 billion to reflect the dilutive impact of the recent Dremio and Prior Labs acquisitions.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 24 Jul 2026 (fiscal Q2 2026), read by AI.
What happened at SAP
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
854 rated companies in Technology
- This company
- 76
- Sector median
- 61
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Software (Application)
The next smaller companies by market value
- ShopifySHOP $188.84B68
- SalesforceCRM $179.06B69
- Uber TechnologiesUBER $141.14B56
- AppLovinAPP $131.34B70
- Automatic Data ProcessingADP $121.55B82
- SnowflakeSNOW $105.38B41
- ServiceNowNOW $104.48B58
- AdobeADBE $92.84B75
ETFs that hold SAP
Held by 182 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| State Street SPDR MSCI Europe Technology UCITS ETFSPYK | 18.63% | 0.18% | €176.18M |
| iShares STOXX Europe 600 Technology UCITS ETF (DE)EXV3 | 17.91% | 0.46% | €219.77M |
| iShares TecDAX UCITS ETF (DE)EXIB | 17.76% | 0.51% | €12.44M |
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| iShares MSCI Europe Information Technology Sector UCITS ETFESIT | 17.44% | 0.18% | €257.61M |
| iShares DAX ESG UCITS ETF (DE)EXIA | 12.83% | 0.12% | €141.64M |
| Deka DAX UCITS ETFEL4A | 12.02% | 0.15% | €1.97B |
| Deka DAX ex Financials 30 UCITS ETFELF0 | 11.85% | 0.31% | €19.34M |
| Xtrackers DAX ESG Screened UCITS ETF 1DXDDX | 11.47% | 0.09% | €591.73M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = €0.9024)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 18 Sep 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.