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SAP SE (SAPN) Fair Value & Analysis

Technology · MX · Market cap 3.7T MXN

SS SAP SE SAPN · MX
Price2,987 MXN
Fair Value2,116 MXN
Upside-29.2%
Quality64/100
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Evidence: High Range 1,568 MXN – 2,652 MXN

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 17 days ago

Fair value updated Jun 24, 2026 — revised from 120.05 MXN to 2,116 MXN (+1,662.5%) since Jun 23, 2026. Share price +2.7% over the past month.

Price vs Fair Value (12 months)

5,735 MXN 2,760 MXN Fair Value 2,116 MXN Jun 2025 Jun 2026

12‑month range 2,760 MXN – 5,735 MXN · fair‑value band 1,568 MXN – 2,652 MXN · the 2,987 MXN price screens above the 2,116 MXN fair value. As of Jun 24, 2026.

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Analysis

SAP SE (SAPN) currently trades at 2,987 MXN, while our model-based Fair Value estimate is 2,116 MXN — implying the stock looks roughly 29.2% overvalued today. We read business quality at 64/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, SAP SE generated revenue of 37.3B MXN at a net margin of 19.6%. Revenue grew 6.0% year over year. It earns a return on equity of 16.4%. Net debt stands at 1.9B MXN. Fundamentals as of Jun 24, 2026

Our scenario range runs from 1,568 MXN (bear case) to 2,652 MXN (bull case); at 2,987 MXN, the current price sits above that range. The share trades about 48% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -58% fair-value upside — at -29%, SAPN screens cheaper than that median.

Key figures & financial health

Revenue (TTM) 37.3B MXN
Revenue growth (YoY) +6.0%
Net margin 19.6%
Return on equity 16.4%
Free cash flow 8.4B MXN FY2025
P/E ratio 24.9
More key figures
Operating margin 30.0%
EPS (TTM) 126.98 MXN
Dividend yield 0.1%
EPS growth (YoY) +9.3%
Net debt 1.9B MXN FY2022

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

SAP SE, together with its subsidiaries, provides enterprise application and business solutions worldwide. It offers SAP Business AI; SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR, time, payroll, talent and employee experience management, and analytics and planning; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management. The company also provides SAP customer experience solutions; SAP Business Technology platform that enables customers and partners to build, integrate, and automate applications; and SAP Business Network, a business-to-business collaboration platform that helps digitalize key business processes across the supply chain and enables communication between trading partners. In addition, it offers SAP …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SAP SE reported revenue of 36.8B MXN in FY2025 versus 27.8B MXN in FY2021, a compound +7.2%/yr. Reported net income was 7.2B MXN in FY2025, compounding +7.4%/yr from FY2021.

Revenue +7.2%/yr
FY21 27.8B MXN
FY22 30.9B MXN
FY23 31.2B MXN
FY24 34.2B MXN
FY25 36.8B MXN
Net income +7.4%/yr
FY21 5.4B MXN
FY22 2.3B MXN
FY23 6.1B MXN
FY24 3.1B MXN
FY25 7.2B MXN

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Cite: Fair Value Calculator (2026). "SAP SE Fair Value". https://www.fairvalue-calculator.com/stock/SAPN

Recent news

External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.

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10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

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Frequently asked questions

Is SAP SE (SAPN) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 2,116 MXN versus a price of 2,987 MXN — about −29% (overvalued). Model-based estimate, not financial advice.
What is the fair value of SAPN?
Our model-based fair value for SAP SE is 2,116 MXN (as of Jun 24, 2026), built from audited fundamentals. The current price is 2,987 MXN.
What is the quality score of SAPN?
SAP SE has a Quality Score of 64/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of SAP SE (SAPN)?
SAP SE reported trailing-twelve-month revenue of about 37.3B MXN (latest available figure, as of Jun 24, 2026).
What is the net profit margin of SAPN?
The net profit margin of SAP SE is about 19.6%, meaning it keeps roughly 19.6% of revenue as net income. Based on the latest reported figures.
Does SAP SE pay a dividend?
SAP SE currently shows a dividend yield of about 0.08% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

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Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.