Which has the lower trailing P/E, ARM or SAP?

SAP has the lower trailing P/E: ARM trades at 291.36 and SAP at 24.04. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, ARM or SAP?

Over the past five years, ARM grew revenue faster — ARM at a 19.41% CAGR versus SAP at 6.51%.

Does ARM or SAP pay a bigger dividend?

SAP pays a dividend (1.64% yield), while ARM has no payments in the available dividend history.

Is ARM or SAP more profitable?

SAP runs the higher net margin — ARM at 18.37% versus SAP at 19.58%.

Arm Holdings plc American Depositary Shares (ARM) vs SAP SE (SAP)

A side-by-side comparison of Arm Holdings plc American Depositary Shares and SAP SE across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 29, 2026. Differences are shown without an overall score or investment verdict.

ARM

Arm Holdings plc American Depositary Shares

$247.63B

$232.73TechnologyDelayed quote: Jul 29, 2026, 2:35 PM EDT

SAP

SAP SE

$218.97B

$187.92TechnologyDelayed quote: Jul 29, 2026, 2:35 PM EDT

Total return — ARM vs SAP

growth of $100 · dividends reinvested · last 3y

ARM +302.9%SAP +32.6%ARM compounded faster

ARM SAP

ARM vs SAP: by the numbers

•ARM is the larger company ($247.63B vs $218.97B market cap).
•SAP trades at the lower trailing earnings multiple (24.04 vs 291.36 P/E), one valuation lens rather than an overall verdict.
•SAP converts more revenue to profit (19.58% vs 18.37% net margin).
•ARM grew revenue faster over the past five years (19.41% vs 6.51% CAGR).
•SAP pays a dividend (1.64% yield), while ARM has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	ARM	SAP
P/E ratio	291.36	24.04
Forward P/E	139.63	25.07
P/S ratio	53.13	4.79
P/B ratio	31.55	4.04
PEG ratio	13.35	0.27
EV / EBITDA	225.29	14.96
FCF yield	0.36%	4.50%

Profitability

Metric	ARM	SAP
Gross margin	94.63%	72.79%
Operating margin	18.31%	26.87%
Net margin	18.37%	19.58%
ROE	10.91%	16.51%
ROIC	7.29%	12.45%

Dividends

Metric	ARM	SAP
Dividend yield	N/A	1.64%
Payout ratio	N/A	41.45%

Growth (annualized)

Metric	ARM	SAP
Revenue CAGR (5Y)	19.41%	6.51%
EPS CAGR (5Y)	17.47%	5.95%
FCF CAGR (5Y)	-1.73%	3.62%
Total return CAGR (5Y)	N/A	6.35%

Frequently asked

Which has the lower trailing P/E, ARM or SAP?: SAP has the lower trailing P/E: ARM trades at 291.36 and SAP at 24.04. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, ARM or SAP?: Over the past five years, ARM grew revenue faster — ARM at a 19.41% CAGR versus SAP at 6.51%.
Does ARM or SAP pay a bigger dividend?: SAP pays a dividend (1.64% yield), while ARM has no payments in the available dividend history.
Is ARM or SAP more profitable?: SAP runs the higher net margin — ARM at 18.37% versus SAP at 19.58%.

Go deeper

Full ARM analysis Full SAP analysis Interactive comparison tool

Dig into the metrics

Arm Holdings plc American Depositary Shares P/E ratio SAP SE P/E ratio Arm Holdings plc American Depositary Shares dividend yield SAP SE dividend yield Arm Holdings plc American Depositary Shares ROE SAP SE ROE Arm Holdings plc American Depositary Shares operating margin SAP SE operating margin Arm Holdings plc American Depositary Shares revenue growth SAP SE revenue growth Arm Holdings plc American Depositary Shares free cash flow SAP SE free cash flow

Arm Holdings plc American Depositary Shares & SAP SE appear in these rankings

Fastest Revenue Growth Stocks Highest FCF Yield Stocks Largest Companies by Market Cap

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 29, 2026.