Is SAP or SHOP cheaper?

On trailing earnings, SAP is cheaper: SAP trades at a 20.06 P/E and SHOP at 105.86.

Which has grown faster, SAP or SHOP?

Over the past five years, SHOP grew revenue faster — SAP at a 6.51% CAGR versus SHOP at 29.11%.

Does SAP or SHOP pay a bigger dividend?

SAP pays a dividend (1.97% yield) while SHOP does not currently pay one.

Is SAP or SHOP more profitable?

SAP runs the higher net margin — SAP at 19.58% versus SHOP at 10.77%.

Which has been the better investment, SAP or SHOP?

Over the past 10-year, SHOP delivered the higher annualized total return — SAP at 8.27% versus SHOP at 43.19%. Past performance doesn't predict future results.

SAP SE (SAP) vs Shopify Inc. (SHOP)

SAP leads on 13 of 16 compared metrics.

A side-by-side comparison of SAP SE and Shopify Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 23, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — SAP vs SHOP

growth of $100 · last 11y

SAP +97.5%SHOP +6251.8%SHOP compounded faster

Log scale — wide-divergence pair

SAP SHOP

SAP vs SHOP: by the numbers

•SAP is the larger company ($174.21B vs $140.12B market cap).
•SAP trades at the lower earnings multiple (20.06 vs 105.86 P/E).
•SAP converts more revenue to profit (19.58% vs 10.77% net margin).
•SHOP grew revenue faster over the past five years (29.11% vs 6.51% CAGR).
•SAP pays a dividend (1.97% yield) while SHOP does not currently pay one.

Which is better, SAP or SHOP?

Metric tally: SAP 13 · SHOP 3

It depends on what you're optimizing for:

ValueSAP(lower P/E)

GrowthSHOP(faster 5Y revenue CAGR)

QualitySAP(higher ROIC)

Metrics side by side

Valuation

Metric	SAP	SHOP
P/E ratio	20.06●	105.86
Forward P/E	17.35●	47.20
P/S ratio	4.00●	11.38
P/B ratio	3.37●	11.22
PEG ratio	0.27●	3.70
EV / EBITDA	11.33●	237.31
FCF yield	5.39%●	1.51%

Profitability

Metric	SAP	SHOP
Gross margin	72.79%●	47.97%
Operating margin	26.87%●	13.32%
Net margin	19.58%●	10.77%
ROE	16.51%●	10.62%
ROIC	12.45%●	8.67%

Dividends

Metric	SAP	SHOP
Dividend yield	1.97%	—
Payout ratio	41.45%	—

Growth (annualized)

Metric	SAP	SHOP
Revenue CAGR (5Y)	6.51%	29.11%●
EPS CAGR (5Y)	5.95%	28.61%●
FCF CAGR (5Y)	3.62%	28.17%●
Total return CAGR (5Y)	2.82%●	-6.47%

Frequently asked

Which is better, SAP or SHOP?: It depends on your goal. value: SAP (lower P/E); growth: SHOP (faster 5Y revenue CAGR); quality: SAP (higher ROIC). Across all compared metrics, SAP leads 13 to 3.
Is SAP or SHOP cheaper?: On trailing earnings, SAP is cheaper: SAP trades at a 20.06 P/E and SHOP at 105.86.
Which has grown faster, SAP or SHOP?: Over the past five years, SHOP grew revenue faster — SAP at a 6.51% CAGR versus SHOP at 29.11%.
Does SAP or SHOP pay a bigger dividend?: SAP pays a dividend (1.97% yield) while SHOP does not currently pay one.
Is SAP or SHOP more profitable?: SAP runs the higher net margin — SAP at 19.58% versus SHOP at 10.77%.
Which has been the better investment, SAP or SHOP?: Over the past 10-year, SHOP delivered the higher annualized total return — SAP at 8.27% versus SHOP at 43.19%. Past performance doesn't predict future results.

Go deeper

Full SAP analysis Full SHOP analysis Interactive comparison tool

Dig into the metrics

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

SAP SE & Shopify appear in these rankings

Fastest Revenue Growth Stocks Highest FCF Yield Stocks Best 10-Year Total Return 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 June 23, 2026.