SAP P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
SAP's p/e ratio is right around its 10-year median of 30.3.
P/E ratio History
SAP P/E ratio by year
Yearly range of SAP’s p/e ratio from 2016 to 2026. Over the full period it ranged from 18.9 to 105.7, averaging 37.5.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 18.9 | 25.6 | 34.2 | 29.8 |
| 2025 | 33.2 | 56.4 | 105.5 | 33.2 |
| 2024 | 26.2 | 65.7 | 105.7 | 89.4 |
| 2023 | 26.1 | 46.1 | 72.5 | 30.2 |
| 2022 | 20.7 | 27.4 | 39.8 | 35.6 |
| 2021 | 23.0 | 24.9 | 27.7 | 27.7 |
| 2020 | 22.2 | 33.5 | 46.3 | 24.5 |
| 2019 | 24.6 | 38.4 | 47.8 | 42.8 |
| 2018 | 23.5 | 27.5 | 30.3 | 25.5 |
| 2017 | 24.4 | 29.9 | 33.1 | 31.4 |
| 2016 | 24.6 | 25.6 | 26.5 | 26.1 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is SAP P/E ratio High or Low Right Now?
SAP SE's P/E ratio is currently 29.8, which is around average relative to its 10-year historical range. The 10-year median P/E ratio for SAP is approximately 30.3. See all SAP valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.