Why the Sell-Off at SAP is an Opportunity!
With a KGV26e of 23.9, SAP is now trading at a level that is considered moderate for a global software heavyweight with strong customer loyalty and robust cloud growth.
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The recent sell-off of SAP shares (XETRA: SAP) after the 4th quarter 2025 results seems less like a structural break and more like a classic market overreaction to software stocks. Operationally, the strategic direction remains intact: the accelerated transition to cloud services, increasing recurring revenues, and growing profitability (2025: 19.9% net profit margin). At the same time, the valuation has relaxed significantly with a KGV26e of 23.9. This creates an attractive buy-back setup for long-term investors at a price level last seen in February...
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