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

IBM has the lower trailing P/E: IBM trades at 20.77 and SAP at 27.46. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, IBM or SAP?

Over the past five years, SAP grew revenue faster — IBM at a 1.13% CAGR versus SAP at 6.60%.

Does IBM or SAP pay a bigger dividend?

IBM yields 2.87% and SAP yields 1.35% based on trailing dividends and the latest price.

Is IBM or SAP more profitable?

SAP runs the higher net margin — IBM at 15.52% versus SAP at 20.40%.

How have IBM and SAP total returns compared?

Over the past 10 years, IBM delivered 8.86% and SAP delivered 10.94% annualized total return. Past performance doesn't predict future results.

International Business Machines Corporation (IBM) vs SAP SE (SAP)

A side-by-side comparison of International Business Machines Corporation and SAP SE across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 4, 2026. Differences are shown without an overall score or investment verdict.

IBM

International Business Machines Corporation

$221.30B

$234.89TechnologyDelayed quote: Sep 4, 2026, 4:00 PM EDT

SAP

SAP SE

$250.65B

$215.11TechnologyDelayed quote: Sep 4, 2026, 4:00 PM EDT

Total return — IBM vs SAP

growth of $100 · dividends reinvested · last 10y

IBM +135.6% (+8.9%/yr)SAP +185.3% (+11.1%/yr)SAP compounded faster over this window

IBM SAP

IBM vs SAP: by the numbers

•SAP is the larger company ($250.65B vs $221.30B market cap).
•IBM trades at the lower trailing earnings multiple (20.77 vs 27.46 P/E), one valuation lens rather than an overall verdict.
•SAP converts more revenue to profit (20.40% vs 15.52% net margin).
•SAP grew revenue faster over the past five years (6.60% vs 1.13% CAGR).
•IBM pays the higher dividend yield (2.87% vs 1.35%).

Metrics side by side

Valuation

Metric	IBM	SAP
P/E ratio	20.77	27.46
Forward P/E	19.06	30.57
P/S ratio	3.24	5.67
P/B ratio	6.49	4.92
EV / EBITDA	16.06	18.77
FCF yield	6.10%	4.00%

Profitability

Metric	IBM	SAP
Gross margin	58.43%	72.75%
Operating margin	17.86%	26.78%
Net margin	15.52%	20.40%
ROE	31.13%	17.70%
ROIC	10.12%	13.02%

Dividends

Metric	IBM	SAP
Dividend yield	2.87%	1.35%
Payout ratio	59.33%	41.45%

Growth (annualized)

Metric	IBM	SAP
Revenue CAGR (5Y)	1.13%	6.60%
EPS CAGR (5Y)	12.59%	5.95%
FCF CAGR (5Y)	-1.28%	5.34%
Total return CAGR (5Y)	16.36%	9.48%

Frequently asked

Which has the lower trailing P/E, IBM or SAP?: IBM has the lower trailing P/E: IBM trades at 20.77 and SAP at 27.46. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, IBM or SAP?: Over the past five years, SAP grew revenue faster — IBM at a 1.13% CAGR versus SAP at 6.60%.
Does IBM or SAP pay a bigger dividend?: IBM yields 2.87% and SAP yields 1.35% based on trailing dividends and the latest price.
Is IBM or SAP more profitable?: SAP runs the higher net margin — IBM at 15.52% versus SAP at 20.40%.
How have IBM and SAP total returns compared?: Over the past 10 years, IBM delivered 8.86% and SAP delivered 10.94% annualized total return. Past performance doesn't predict future results.

Go deeper

Full IBM analysis Full SAP analysis Interactive comparison tool

Dig into the metrics

International Business Machines P/E ratio SAP SE P/E ratio International Business Machines dividend yield SAP SE dividend yield International Business Machines ROE SAP SE ROE International Business Machines operating margin SAP SE operating margin International Business Machines revenue growth SAP SE revenue growth International Business Machines free cash flow SAP SE free cash flow

International Business Machines & SAP SE appear in these rankings

Highest Dividend Yield Stocks 25+ Year Dividend Growers Highest ROE Stocks Highest FCF Yield Stocks

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 September 4, 2026.