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SAP SE (XTER:SAP) Cyclically Adjusted Price-to-FCF : 60.00 (As of Jul. 02, 2025)


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What is SAP SE Cyclically Adjusted Price-to-FCF?

As of today (2025-07-02), SAP SE's current share price is €255.60. SAP SE's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €4.26. SAP SE's Cyclically Adjusted Price-to-FCF for today is 60.00.

The historical rank and industry rank for SAP SE's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

XTER:SAP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 23.09   Med: 35.04   Max: 66.41
Current: 60.56

During the past years, SAP SE's highest Cyclically Adjusted Price-to-FCF was 66.41. The lowest was 23.09. And the median was 35.04.

XTER:SAP's Cyclically Adjusted Price-to-FCF is ranked worse than
70.72% of 707 companies
in the Software industry
Industry Median: 30.7 vs XTER:SAP: 60.56

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

SAP SE's adjusted free cash flow per share data for the three months ended in Mar. 2025 was €3.070. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €4.26 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


SAP SE Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for SAP SE's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SAP SE Cyclically Adjusted Price-to-FCF Chart

SAP SE Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.02 37.23 26.02 35.11 56.67

SAP SE Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 45.00 45.80 48.38 56.67 57.34

Competitive Comparison of SAP SE's Cyclically Adjusted Price-to-FCF

For the Software - Application subindustry, SAP SE's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SAP SE's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, SAP SE's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where SAP SE's Cyclically Adjusted Price-to-FCF falls into.


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SAP SE Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

SAP SE's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=255.60/4.26
=60.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SAP SE's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, SAP SE's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=3.07/127.7792*127.7792
=3.070

Current CPI (Mar. 2025) = 127.7792.

SAP SE Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.227 100.417 0.289
201509 0.266 100.417 0.338
201512 0.152 99.717 0.195
201603 1.930 100.017 2.466
201606 0.168 100.717 0.213
201609 0.373 101.017 0.472
201612 0.555 101.217 0.701
201703 2.152 101.417 2.711
201706 0.270 102.117 0.338
201709 0.216 102.717 0.269
201712 0.509 102.617 0.634
201803 1.801 102.917 2.236
201806 0.012 104.017 0.015
201809 0.145 104.718 0.177
201812 0.425 104.217 0.521
201903 2.045 104.217 2.507
201906 -0.253 105.718 -0.306
201909 0.397 106.018 0.478
201912 0.054 105.818 0.065
202003 2.226 105.718 2.691
202006 0.529 106.618 0.634
202009 0.990 105.818 1.195
202012 1.642 105.518 1.988
202103 2.486 107.518 2.954
202106 0.418 108.486 0.492
202109 0.831 109.435 0.970
202112 0.945 110.384 1.094
202203 1.929 113.968 2.163
202206 0.061 115.760 0.067
202209 0.488 118.818 0.525
202212 1.577 119.345 1.688
202303 1.803 122.402 1.882
202306 0.602 123.140 0.625
202309 0.798 124.195 0.821
202312 1.503 123.773 1.552
202403 2.306 125.038 2.357
202406 1.062 125.882 1.078
202409 1.122 126.198 1.136
202412 -0.674 127.041 -0.678
202503 3.070 127.779 3.070

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


SAP SE  (XTER:SAP) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


SAP SE Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of SAP SE's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


SAP SE Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » SAP SE (XTER:SAP) » Definitions » Cyclically Adjusted Price-to-FCF
Address
Dietmar-Hopp-Allee 16, Walldorf, BW, DEU, 69190
Founded in Germany in 1972 by former IBM employees, SAP is the world's largest provider of enterprise application software. Known as the leader in enterprise resource planning software, SAP's portfolio also includes software for supply chain management, procurement, travel and expense management, and customer relationship management, among others. The company operates in more than 180 countries and has more than 400,000 customers, approximately 80% of which are small to medium-size enterprises.
Executives
Nicolas Sabatier Supervisory Board
Margret Klein-magar Supervisory Board
Gerhard Oswald Supervisory Board
Christian Kurt Klein Board of Directors
Dr. Rouven Westphal Supervisory Board
Pascal Demat Supervisory Board
Gina Vargiu-breuer Board of Directors
Thomas Heinrich Saueressig Board of Directors
Dr. Juergen Mueller Board of Directors
Prof. Dr. H.c. Mult. Hasso Plattner Supervisory Board
Helmut Stengele Supervisory Board
Peter Lengler Supervisory Board
Sabine Bendiek Board of Directors
Luka Mucic Board of Directors