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The forward PE ratio is 21.40 as of Thursday, July 9, 2026.

Forward PE Ratio (21.40) = Close Price ($158.46) / Consensus Forward EPS ($7.36)

SAP Forward PE Ratio Metrics

FORWARD PE RATIO

21.40

SAP Competitors' Forward PE Ratio

SAP

SAP SE

Current

Market Cap

$184.64B

Forward PE Ratio

21.40

ADI

Analog Devices, Inc.

vs SAP

Market Cap

$191.74B

Forward PE Ratio

31.28

APP

AppLovin Corporation

vs SAP

Market Cap

$174.83B

Forward PE Ratio

32.42

WDC

Western Digital Corporation

vs SAP

Market Cap

$199.24B

Forward PE Ratio

55.10

STX

Seagate Technology Holdings plc

vs SAP

Market Cap

$199.58B

Forward PE Ratio

57.70

APH

Amphenol Corporation

vs SAP

Market Cap

$199.59B

Forward PE Ratio

33.09

QCOM

QUALCOMM Incorporated

vs SAP

Market Cap

$201.43B

Forward PE Ratio

17.33

CRWD

CrowdStrike Holdings, Inc.

vs SAP

Market Cap

$202.02B

Forward PE Ratio

205.86

GLW

Corning Inc

vs SAP

Market Cap

$165.70B

Forward PE Ratio

57.73

SHOP

Shopify Inc.

vs SAP

Market Cap

$159.83B

Forward PE Ratio

66.75

Trailing vs Forward

Trailing P/E

21.1

reported TTM EPS

Forward P/E

21.4

consensus next-FY EPS

The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $7.36 implies -1.2% EPS decline vs the reported trailing $7.45.

Forward P/E by Fiscal Year

View All Analyst Estimates

At today's $158.46 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.

Fiscal year endConsensus EPSEstimate rangeAnalystsImplied P/E
2026-12-31$7.36$7.07 – $7.67721.5x
2027-12-31$8.61$8.18 – $9.23718.4x
2028-12-31$10.13$8.99 – $11.15415.6x

Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.

Forward PE Ratio Formula & Definition

PE Ratio = Share Price / Diluted EPS (TTM)

The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Forward PE Ratio FAQ

What is the forward PE ratio for SAP SE (SAP)?
The forward PE ratio for SAP stock is 21.40.

About SAP SE

SAP SE, founded in Walldorf, Germany, in 1972, is a global provider of diverse software applications, technology, and services. The company's core enterprise resource planning (ERP) platform, SAP S/4HANA, offers robust functionalities for finance, risk management, project execution, procurement, manufacturing, supply chain optimization, asset management, and research and development. For human resources, SAP delivers SuccessFactors solutions, which encompass HR and payroll, talent and employee experience management, and comprehensive people and workforce analytics. Additionally, SAP provides spend management tools designed to handle direct and indirect expenditures, travel and expense reporting, and external workforce administration. SAP further extends its portfolio with customer experience solutions and the SAP Business Technology Platform, empowering both clients and partners to develop, integrate, and automate applications. Its SAP Business Network serves as a crucial business-to-business collaboration platform, digitizing key supply chain processes and facilitating seamless communication among trading partners. The company also offers SAP Signavio for discovering, analyzing, and enhancing business process operations, alongside modular industry-specific cloud solutions. Through Taulia, SAP provides working capital management solutions, helping customers improve liquidity visibility and mitigate the effects of inflation. Completing its extensive offerings, SAP also provides a range of sustainability solutions and services.

Walldorf, BW
108,187 employees
Technology / Software - Application
Sector
Technology
Industry
Software - Application
CEO
Christian Klein