SAP SE (SAP) Financial Ratios: P/E, ROE & More

SAP SE (SAP) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), SAP SE had a P/E ratio of 33.88 (down from 88.00), return on equity of 16.1% (up from 7.1%), debt-to-equity of 0.17 (down from 0.23) and a current ratio of 1.16 (up from 1.12). A current ratio of 1.16 means current assets exceed current liabilities. Its dividend yield was 1.20% with a payout ratio of 38.3%.

SAP SE Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	33.88	88.00	26.45	49.16	28.03	24.82
P/S Ratio	6.59	8.04	5.20	3.80	5.47	4.67
P/B Ratio	5.38	6.00	3.74	2.62	3.55	4.27
Price/Tangible Book	18.26	23.97	14.03	34.29	38.78	-
Price/FCF	28.83	62.34	29.73	23.54	26.68	20.02
Price/OCF	26.50	52.80	26.00	19.88	23.68	17.75
Enterprise Value Ratios
EV/Revenue	6.58	8.02	5.16	3.93	5.75	5.06
EV/EBITDA	21.57	30.70	21.81	15.24	19.56	16.76
EV/EBIT	23.25	33.61	26.79	19.19	24.26	21.54
EV/FCF	28.78	62.13	29.50	24.34	28.07	21.70
Profitability & Returns
Return on Equity (ROE)	16.12%	7.06%	8.35%	7.27%	19.10%	17.39%
Return on Assets (ROA)	9.01%	7.15%	5.35%	5.28%	6.16%	6.77%
Return on Invested Capital (ROIC)	16.82%	12.50%	9.30%	9.00%	12.25%	8.73%
Return on Capital Employed (ROCE)	19.70%	14.80%	11.20%	11.10%	11.60%	14.10%
Leverage & Solvency Ratios
Debt/Equity	0.17	0.23	0.20	0.30	0.36	0.52
Debt/EBITDA	0.65	1.16	1.19	1.72	1.91	1.87
Debt/FCF	0.89	2.42	1.61	2.74	2.74	2.42
Liquidity Ratios
Current Ratio	1.16	1.12	1.41	1.06	1.24	1.17
Quick Ratio	0.98	0.99	1.25	0.94	1.15	1.08
Efficiency Ratios
Asset Turnover	0.51	0.48	0.44	0.41	0.42	0.46
Yield & Distribution Ratios
Earnings Yield	2.95%	1.14%	3.78%	2.03%	3.57%	4.03%
FCF Yield	3.47%	1.60%	3.36%	4.25%	3.75%	5.00%
Dividend Yield	1.20%	1.00%	1.58%	2.13%	1.56%	1.84%
Payout Ratio	38.31%	82.11%	39.01%	99.84%	41.51%	36.23%
Buyback Yield	0.42%	0.09%	-0.43%	0.42%	0.17%	1.01%
Total Return	1.63%	1.08%	1.16%	2.56%	1.73%	2.85%

Source: Company financial statements from annual and quarterly filings. Data as of Sep 30, 2026. Data sources and methodology

Frequently Asked Questions About SAP SE Financial Ratios

What is SAP SE's P/E ratio?

SAP SE's P/E ratio was 33.88 for fiscal 2025 (period ended Dec 31, 2025). It was 88.00 a year earlier.

What is SAP SE's return on equity?

SAP SE's return on equity (ROE) was 16.1% for fiscal 2025 (period ended Dec 31, 2025). It was 7.1% a year earlier.

What is SAP SE's debt-to-equity ratio?

SAP SE's debt-to-equity ratio was 0.17 for fiscal 2025 (period ended Dec 31, 2025). It was 0.23 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition