The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

SAP.DE

Concerning the House

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 Signavio to help customers to discover, analyze, and understand business process operations; industry solutions that provide customers and partners with industry-specific solutions; and SAP LeanIX to visualize enterprise architecture, assess interdependencies and the potential impact of IT modernization, and manage the transition toward the target landscape. Further, the company provides WalkMe to execute workflows; SAP Enable Now, which offers e-learning content embedded in SAP workflows; Taulia solutions for working capital management; and sustainability solutions and services. Additionally, it provides services and support solutions. The company has a strategic collaboration with Fresenius SE & Co. KGaA and Avelios Medical GmbH for the development of a cloud-native, hospital information system that enables digitalization of clinical and administrative processes with AI integration. SAP SE was founded in 1972 and is headquartered in Walldorf, Germany.

Germany · www.sap.com

The Ledger
LineJun 2025Sep 2025Dec 2025Mar 2026
Revenue$9.03B$9.08B$9.68B$9.55B
Gross profit$6.62B$6.67B$6.92B$6.97B
Operating income$2.47B$2.47B$2.34B$2.75B
Net income$1.70B$2.00B$1.68B$1.93B
Diluted EPS1.441.571.65
Free cash flow$2.39B$1.30B$1.12B$3.27B
CapEx-$190.00M-$201.00M-$180.00M-$238.00M
Quotation

$175.96

-4.74 (-2.6%)

52w hi$237.96
52w lo$128.32
Vol1.29M
As ofAug 13
The Verdict

Hold

Our score +0.41

Short-0.20
Medium+0.61
Long+1.23

computed 2026-08-13

By the Numbers

SAP SE

Technology · Software - Application

Market cap$202.42B
Enterprise value$201.91B
Trailing P/E26.22x
Forward P/E20.96x
EV / EBITDA17.17x
P / S (ttm)5.30x
Profit margin20.4%
Return on equity18.3%
Revenue growth+9.4%
Earnings growth+30.6%
Debt / equity21.97
Risk Metrics
Beta vs SPX0.27
Corr SPX0.13
Annual vol35.0%
Annual ret+1.8%
Sharpe0.05
Max DD-51.6%

Window: 504 trading days (489 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.58
Sector+0.15
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$177.48$178.30$174.801.29M
Aug 12$180.30$180.98$175.40$175.962.15M
Aug 11$180.00$183.24$178.14$180.702.06M
Aug 10$178.92$179.96$175.86$179.301.84M
Aug 7$173.82$179.56$173.82$177.963.61M