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SAP SE (SAPS) Fair Value & Analysis

Technology · CA · Market cap C$296B

SS SAP SE SAPS · NEO
PriceC$12.69
Fair ValueC$16.55
Upside+30.4%
Quality63/100
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Evidence: High Range C$10.16 – C$20.94

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 23 days ago

Fair value updated Jun 24, 2026, revised from C$15.03 to C$16.55 (+10.1%) since Jun 23, 2026. Share price +2.8% over the past month.

Price vs Fair Value (12 months)

C$23.72 C$12.31 Fair Value C$16.55 Jun 2025 Jun 2026

12‑month range C$12.31 – C$23.72 · fair‑value band C$10.16 – C$20.94 · the C$12.69 price screens below the C$16.55 fair value. As of Jun 24, 2026.

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Analysis

SAP SE (SAPS) currently trades at C$12.69, while our model-based Fair Value estimate is C$16.55, implying the stock looks roughly 30.4% undervalued today. We read business quality at 63/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, SAP SE generated revenue of C$35.9B at a net margin of 18.2%. Revenue grew 8.9% year over year. It earns a return on equity of 15.8%. Net debt stands at C$1.9B. Fundamentals as of Jun 24, 2026

Our scenario range runs from C$10.16 (bear case) to C$20.94 (bull case); at C$12.69, the current price sits within that range. The share trades about 46% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -69% fair-value upside, at 30%, SAPS screens cheaper than that median.

Key figures & financial health

Revenue (TTM) C$35.9B
Revenue growth (YoY) +8.9%
Net margin 18.2%
Return on equity 15.8%
Free cash flow C$8.4B FY2025
P/E ratio 25.8
More key figures
Operating margin 28.5%
EPS (TTM) C$0.5500
EPS growth (YoY) +97.0%
Net debt C$1.9B 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 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 Signavio to help …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

SAP SE reported revenue of C$36.8B in FY2025 versus C$27.0B in FY2021, a compound +8.1%/yr. Reported net income was C$7.2B in FY2025, compounding +8.0%/yr from FY2021.

Revenue +8.1%/yr
FY21 C$27.0B
FY22 C$29.5B
FY23 C$31.2B
FY24 C$34.2B
FY25 C$36.8B
Net income +8.0%/yr
FY21 C$5.3B
FY22 C$2.3B
FY23 C$6.1B
FY24 C$3.1B
FY25 C$7.2B

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

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Frequently asked questions

Is SAP SE (SAPS) undervalued?
As of Jun 24, 2026, our model estimates a fair value of C$16.55 versus a price of C$12.69, about +30% (undervalued). Model-based estimate, not financial advice.
What is the fair value of SAPS?
Our model-based fair value for SAP SE is C$16.55 (as of Jun 24, 2026), built from audited fundamentals. The current price is C$12.69.
What is the quality score of SAPS?
SAP SE has a Quality Score of 63/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of SAP SE (SAPS)?
SAP SE reported trailing-twelve-month revenue of about C$35.9B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of SAPS?
The net profit margin of SAP SE is about 18.2%, meaning it keeps roughly 18.2% of revenue as net income. Based on the latest reported figures.

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.