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SAP SE (DE:SAP)
XETRA:SAP
Germany Market

SAP SE (SAP) Ratios

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SAP SE Ratios

DE:SAP's free cash flow for Q4 2025 was €0.73. For the 2025 fiscal year, DE:SAP's free cash flow was decreased by € and operating cash flow was €0.34. See a summary of the company’s cash flow.
Ratios
TTM
Dec 25Dec 24Dec 23Dec 22
Liquidity Ratios
Current Ratio
1.17 1.17 1.12 1.41 1.06
Quick Ratio
1.17 1.17 1.12 1.41 1.06
Cash Ratio
0.48 0.48 0.50 0.55 0.52
Solvency Ratio
0.34 0.34 0.16 0.30 0.13
Operating Cash Flow Ratio
0.53 0.52 0.27 0.43 0.32
Short-Term Operating Cash Flow Coverage
4.44 4.39 1.44 5.54 1.42
Net Current Asset Value
€ -4.87B€ -4.87B€ -6.91B€ -4.35B€ -10.79B
Leverage Ratios
Debt-to-Assets Ratio
0.11 0.11 0.14 0.13 0.18
Debt-to-Equity Ratio
0.18 0.18 0.23 0.20 0.33
Debt-to-Capital Ratio
0.15 0.15 0.19 0.17 0.25
Long-Term Debt-to-Capital Ratio
0.12 0.12 0.10 0.12 0.15
Financial Leverage Ratio
1.57 1.57 1.63 1.58 1.80
Debt Service Coverage Ratio
2.97 2.97 1.04 2.80 1.11
Interest Coverage Ratio
7.23 7.47 4.52 7.36 14.86
Debt to Market Cap
0.04 0.03 0.03 0.04 0.10
Interest Debt Per Share
8.10 8.10 10.02 8.21 11.52
Net Debt to EBITDA
-0.01 -0.01 0.16 0.09 0.64
Profitability Margins
Gross Profit Margin
73.28%73.48%72.95%72.21%72.77%
EBIT Margin
32.23%32.23%15.19%18.53%16.10%
EBITDA Margin
35.79%35.79%18.93%22.93%21.42%
Operating Profit Margin
27.04%27.97%13.65%18.58%20.03%
Pretax Profit Margin
28.48%28.48%13.94%17.11%15.29%
Net Profit Margin
19.91%19.91%9.14%19.67%7.74%
Continuous Operations Profit Margin
20.36%20.36%9.22%11.54%10.39%
Net Income Per EBT
69.90%69.90%65.58%114.94%50.61%
EBT Per EBIT
105.33%101.84%102.12%92.10%76.31%
Return on Assets (ROA)
10.41%10.41%4.21%8.98%3.17%
Return on Equity (ROE)
16.82%16.37%6.88%14.22%5.68%
Return on Capital Employed (ROCE)
18.74%19.38%8.48%10.80%10.81%
Return on Invested Capital (ROIC)
12.90%13.34%5.23%7.09%6.81%
Return on Tangible Assets
18.76%18.76%7.76%16.71%6.48%
Earnings Yield
3.78%3.02%1.13%3.77%2.03%
Efficiency Ratios
Receivables Turnover
5.06 5.06 4.42 4.41 5.11
Payables Turnover
4.04 4.01 4.64 4.86 3.75
Inventory Turnover
0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
8.18 8.18 7.61 7.30 5.98
Asset Turnover
0.52 0.52 0.46 0.46 0.41
Working Capital Turnover Ratio
15.33 13.81 8.28 8.92 11.86
Cash Conversion Cycle
-18.11 -18.79 4.05 7.66 -25.95
Days of Sales Outstanding
72.14 72.14 82.63 82.69 71.49
Days of Inventory Outstanding
0.00 0.00 0.00 0.00 0.00
Days of Payables Outstanding
90.25 90.92 78.58 75.03 97.45
Operating Cycle
72.14 72.14 82.63 82.69 71.49
Cash Flow Ratios
Operating Cash Flow Per Share
7.81 7.72 4.48 5.43 4.83
Free Cash Flow Per Share
7.18 7.09 3.79 4.75 4.08
CapEx Per Share
0.63 0.63 0.68 0.67 0.75
Free Cash Flow to Operating Cash Flow
0.92 0.92 0.85 0.88 0.85
Dividend Paid and CapEx Coverage Ratio
2.62 2.59 1.55 1.99 1.51
Capital Expenditure Coverage Ratio
12.32 12.18 6.55 8.07 6.46
Operating Cash Flow Coverage Ratio
1.13 1.12 0.49 0.72 0.43
Operating Cash Flow to Sales Ratio
0.25 0.24 0.15 0.20 0.19
Free Cash Flow Yield
4.31%3.40%1.61%3.41%4.23%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
26.46 33.16 88.20 26.51 49.38
Price-to-Sales (P/S) Ratio
5.27 6.60 8.06 5.22 3.82
Price-to-Book (P/B) Ratio
4.33 5.43 6.06 3.77 2.81
Price-to-Free Cash Flow (P/FCF) Ratio
23.20 29.40 62.29 29.34 23.63
Price-to-Operating Cash Flow Ratio
21.29 26.99 52.78 25.71 19.97
Price-to-Earnings Growth (PEG) Ratio
7.63 0.25 -1.81 0.16 -0.87
Price-to-Fair Value
4.33 5.43 6.06 3.77 2.81
Enterprise Value Multiple
14.73 18.43 42.74 22.84 18.48
Enterprise Value
193.95B 242.79B 276.57B 163.44B 116.85B
EV to EBITDA
14.73 18.43 42.74 22.84 18.48
EV to Sales
5.27 6.60 8.09 5.24 3.96
EV to Free Cash Flow
23.18 29.38 62.53 29.46 24.49
EV to Operating Cash Flow
21.30 26.97 52.98 25.81 20.70
Tangible Book Value Per Share
11.96 11.96 10.25 10.13 5.07
Shareholders’ Equity Per Share
38.38 38.38 38.97 36.98 34.35
Tax and Other Ratios
Effective Tax Rate
0.29 0.29 0.34 0.33 0.32
Revenue Per Share
31.56 31.56 29.31 26.74 25.23
Net Income Per Share
6.28 6.28 2.68 5.26 1.95
Tax Burden
0.70 0.70 0.66 1.15 0.51
Interest Burden
0.88 0.88 0.92 0.92 0.95
Research & Development to Revenue
0.18 0.18 0.19 0.20 0.21
SG&A to Revenue
0.03 0.00 0.04 0.04 0.04
Stock-Based Compensation to Revenue
0.02 0.00 0.00 0.07 0.05
Income Quality
1.23 1.23 1.67 1.06 1.84
Currency in EUR