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SAP SE ADR (SAP) — chart, structure and Closelooknet read

The Closelooknet read

SAP builds enterprise application software: S/4HANA for finance, procurement, supply chain, manufacturing and asset management; SuccessFactors for human-resources data; spend-management and customer-experience tools; a business technology platform for building and integrating applications; a business network for supply-chain communication between trading partners; and process-mining and enterprise-architecture tools through Signavio and LeanIX. Its customers are large organisations running these systems across finance, HR and operations.

Detail below: the desk's view, the earnings record, peers and the company snapshot; daily prices on the price-history tab. Agents can buy the score depth per call over HTTP 402 — see the catalogue. Research diary readings, not advice.

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The desk on SAP

What this diary said about SAP SE ADR, what it holds and what would change its view — in its own words, dated. Investment diary, not advice.

What we said

  • “Last week five big-tech reporters, SAP, IBM, Tesla, Meta and Lam Research, all beat expectations and none was paid.”

    Daily Pulse: Alphabet — Sold on the Cash Line · 29 Oct 2026

  • “On Friday's broken tape, SAP rose +9.3% and ServiceNow +7.4% — not on vibes, on the first attributable agent economics of the season: ServiceNow's contracted AI ACV crossed $1 billion in the quarter (net-new AI ACV +40% sequentially…”

    Weekly Signal: AI Capex — The Tell Fired Twice · 26 Jul 2026

  • “The July print week showed the pricing has begun: the market sold record quarters from Alphabet (−8.9%, first negative-FCF quarter since the IPO, capex $44.9B against $39.1B operating cash flow) and Intel (−7.9% on its best growth since…”

    Strategy: AI Trade — The Rotation Is Inevitable. The Date Is Not. · 26 Jul 2026

What we hold

BookPositionSinceResult
Global Tech 50 52.04 shares · average entry $99.16 — +135.7%

Model books as of 10 Nov 2026; wikifolio positions from the official wikifolio data, entries in euros. Results are unrealised, before any exit. A record of what the diary does, not a recommendation to do the same.

Our record on SAP

Every scored call, pick and trade this diary has made on SAP SE ADR, with the outcome where it is known.

Signals for this name

Every Closelooknet reading that exists for SAP, from the same nightly bakes the boards use. Research diary readings, not advice.

Versus its index Agentic Winners 40 — the name, its sleeve and the index over day, week and month

Versus its index

The name against its Closelooknet index and its own sleeve — equal-weight, nightly closes.

Agentic Winners 40 · as of 2026-11-10

DayWeekMonth3 months
SAP−1.5%+1.5%+7.3%+14.5%
Control Plane−1.2%−3.8%−9.8%—
Agentic Winners 40−0.9%+1.3%−2.1%—

Against the index: 0.2 pts ahead on the week, 9.4 pts ahead on the month; against its Control Plane sleeve 17.1 pts ahead on the month.

Returns from the index workers’ nightly closes; equal-weight sleeves. A relative reading from the research diary, not advice.

Mentioned on Closelooknet 43 pieces · newest: Morning 10, “AI Trade — Kospi Halted, Nikkei Enters a Bear Market After US Chip Stocks Lose 12%” (2026-11-06)

Mentioned on Closelooknet

Where SAP appears in the diary — 43 pieces, newest first. Every link is our own writing.

Go deeper

Long reads

  • The Agentic Winners 25Dossier · $49 · 31 Mar 2026SAP generates the vast majority of its revenue from legacy ERP licence and maintenance contracts — a business model that has existed since the 1990s.
  • The Software-Credit NexusDossier · $39 · 10 Mar 2026
  • Agentic Application Software: The SaaSpocalypse MapDossier · $39 · 27 Feb 2026Workday (HR/payroll data) · Intuit (financial data) · Adobe (creative assets) · SAP (ERP data) At Risk Low data gravity · Low replaceability Currently protected by enterprise inertia, integration complexity, and multi-year contracts that…
  • Enterprise AI — The Control PointReport · 4 Aug 2026That right lives inside systems of record — Microsoft in identity and collaboration, Salesforce in customer relationships, ServiceNow in workflow, SAP in finance, procurement and supply chain, Oracle in data and finance, Palantir in…
  • AI Capex — The Tell Fired TwiceWeekly Signal · 26 Jul 2026On Friday's broken tape, SAP rose +9.3% and ServiceNow +7.4% — not on vibes, on the first attributable agent economics of the season: ServiceNow's contracted AI ACV crossed $1 billion in the quarter (net-new AI ACV +40% sequentially…
  • AI Trade — The Rotation Is Inevitable. The Date Is Not.Strategy · 26 Jul 2026The July print week showed the pricing has begun: the market sold record quarters from Alphabet (−8.9%, first negative-FCF quarter since the IPO, capex $44.9B against $39.1B operating cash flow) and Intel (−7.9% on its best growth since…
  • Enterprise Software — The Agent Is Not the Product. The Orchestrator Is.Strategy · 24 Jul 2026This is why SAP, Salesforce, Microsoft, ServiceNow, Oracle and Workday are all racing toward remarkably similar architectures — and why the same claim was made twice in a single print week in July 2026: ServiceNow framing itself as the…
  • Diversification — Diversified into the Losers · Closelooknet Heresy XIIIHeresy · 18 Jul 2026One company — SAP — has dominated German net equity wealth creation for three decades, to the point where the index architecture itself had to bend around it: SAP breached the DAX's 15 percent capping limit (a limit raised…

101 and glossary

Dailies

Weather around the name 3 macro readings: Money Temperature, Factor regime, Sovereign pressure

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 48/100 · S&P 500 fund at 51, above its 200-day averageEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-11-10
  • Factor regime Defensive rotation — low-vol leading, regime-change watchMomentum against low volatility (SPMO / SPLV): below its 50-day trend, 67th percentile of the window, -18.1% over 20 sessions. Factor regime → 2026-11-10
  • Sovereign pressure Index -1.67 · down 1.71 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-11-09
How it trades on rate days beta 0.81 to TLT · on the worst bond days it moved with the market

How it trades on rate days

How SAP has moved when long-dated Treasury yields rise — measured against TLT, the 20+ year Treasury fund.

  • Beta to long bonds, 1 year 0.81 — moves strongly with bonds for every 1% move in TLT (20+ year Treasuries), SAP SE ADR moved 0.81% on average · correlation 0.20 · higher than 70% of US names
  • Beta, last 3 months 1.05 more rate-sensitive lately than over the year
  • On the 10 worst bond days −0.58% on average against −0.72% for the S&P 500 the 10 sessions of the past year in which TLT fell most, i.e. long yields rose most
  • Latest of those days −1.55% TLT −1.32% that day 2026-11-10

Daily total returns from the adjusted price series; a TLT down day is a day long yields rose. Beta = the average move of the name for a 1% move in TLT. Past sensitivity, not a forecast. An investment diary, not a recommendation.

Who it is priced against Enterprise application vendors · 5 names with week and year-to-date

Peer group

Enterprise application vendors

Curated competitor set — who the market prices this name against, not just who shares its sector.

Compared against SAP on the nightly bakes; the Peers tab ranks the cohort on the Closelooknet scores where it exists.

Company snapshot — SAP SE ADR

SAP in five paragraphs: what it makes and sells, where it sits in the Closelooknet stack, who it is priced against, why we track it, what we watch. Research diary, not advice.

What it does
SAP builds enterprise application software: S/4HANA for finance, procurement, supply chain, manufacturing and asset management; SuccessFactors for human-resources data; spend-management and customer-experience tools; a business technology platform for building and integrating applications; a business network for supply-chain communication between trading partners; and process-mining and enterprise-architecture tools through Signavio and LeanIX. Its customers are large organisations running these systems across finance, HR and operations. It is based in Walldorf, Germany.
Where it sits in the stack
SAP holds a seat in Closelooknet's Agentic Winners 40, the sleeve that tracks established enterprise software vendors exposed to agentic AI disruption. It holds the systems of record for finance, procurement and supply-chain data, the layer any AI agent would need to reach to automate those processes, which makes it a constraint on how fast agentic software can act inside large enterprises and a customer of the AI infrastructure it builds on top of its own platform.
Who it is priced against
Closelooknet's peer group for SAP is enterprise application vendors, the names the market prices it against: Oracle, Microsoft, Salesforce, ServiceNow and Workday. IBM is a competitor the market also names in this space.
Why Closelooknet tracks it
SAP sits in the Agentic Winners 40 and carries a Closelooknet score built across three modules, with quality reading strongest and valuation weakest. The diary has written on it repeatedly, including a dossier on the Agentic Winners and a report mapping which systems of record hold an enterprise-AI control point, where SAP is named for finance, procurement and supply chain.
What the diary watches
The diary watches whether enterprise inertia and long-term contracts keep protecting SAP's ERP data from agentic software that could bypass it, or whether that protection starts to erode.

SAP SE ADR (SAP) trades on US exchanges in DE, classified under Technology. Constituent of Agentic Winners 40.

The Closelooknet company score reads 60/100 composite (momentum 86, quality 76, valuation 31) across 7 modules — the full breakdown, chart structure and analog history load live above.

Written from the company’s public profile and Closelooknet’s own readings, 2026-09-17. Descriptive, refreshed with the registry; corrections welcome via the imprint. closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: index compare · sector dispersion · scanner.

The Street on this name 3 analyst actions on the wire · latest: price target by Jefferies, 2026-09-22 · last print 2026-10-21

The Street on this name

Analyst actions and the latest print for SAP from the Closelooknet wires — third-party opinions on the record, not our readings.

  • Price target Jefferies — target 260 from 250 Target raised to $260 from $250 (+23.4% to spot) 2026-09-22
  • Price target Argus — target 265 from 215 Target raised to $265 from $215 (+28.4% to spot) 2026-09-10
  • Downgrade UBS — Buy → Neutral Downgraded to Neutral from Buy 2026-08-26
  • Latest print EPS 2.18 against 2.03 expected — a +7.4% beat 2026-10-21

3 actions on the analyst wire since 2026-08-13: 1 downgrade, 2 target changes. Analyst wire → · Earnings wire →

Dividends and capital return trailing yield 1.25%, annual · buybacks 1.94 bn USD in FY2025

Dividends and capital return

What SAP pays out and buys back — distributions read from the price series, money terms from the filings.

  • Trailing 12 months 2.93 USD per share · a 1.25% yield on the 2026-11-10 close 1 distribution, paid once a year 2026-11-10
  • Change on the year +11.4% against the prior twelve months prior twelve months 2.63 USD per share
  • Last distribution 2.93 USD per share as the price series records it, within days of the ex-date 2026-05-05
  • By calendar year 2024: 2.39 USD (partial) · 2025: 2.63 USD · 2026: 2.93 USD to date first distribution recorded in the three-year window: 2024-05-16
  • Dividends paid, FY2025 2.74 bn USD 38% of earnings
  • Buybacks, FY2025 1.94 bn USD 0.7% of today's market value
  • Share count −0.4% in FY2025 1.70 bn USD of stock-based compensation in the year
  • Capital returned 4.68 bn USD · 56% of free cash flow dividends and buybacks together, against the year’s free cash flow

Per-share amounts are derived from the adjusted price series in the listing currency, so dates sit within days of the ex-date; filing figures come from the fundamentals feed for the last reported fiscal year. An investment diary, not a recommendation.

FAQ · from the current data · as of 2026-11-11

Quick answers

What is SAP SE ADR (SAP)?

SAP SE ADR trades as SAP on the US exchange (DE) and is classified under Technology in the Closelooknet research universe, as of the registry build of 2026-11-11.

Is SAP in a Closelooknet index?

Yes — SAP SE ADR is a constituent of Agentic Winners 40, as of 2026-11-11.

What is SAP SE ADR's Closelooknet composite score?

60 out of 100, with momentum 86, quality 76 and valuation 31 sub-scores, as of 2026-11-11. Scores are Closelooknet's own research readings, not ratings or investment advice.

What is SAP SE ADR's earnings print record?

Across the 11 prints Closelooknet covers, SAP SE ADR beat EPS estimates 8 times and revenue estimates 6 times; the three-day reactions split 6 up, 4 flat and 1 down (moves beyond ±3%), as of the 2026-10-13 card. The full print-record card carries the per-print history.

Where does SAP trade against its moving averages?

SAP SE ADR trades 7.9% above its 50-day and 23.8% above its 200-day moving average (2.0% above its 20-day). As of 2026-11-09 — a technical state from the nightly Closelooknet bake, not advice. The Technical tab carries the full row.

How is SAP doing against its Closelooknet index?

Over the past month SAP SE ADR is +7.3% against −2.1% for the Agentic Winners 40 — 9.4 points ahead of its index, as of 2026-11-10. Its Control Plane sleeve is −9.8% over the same month. The “Versus its index” table on this page carries the day, the week and the month for the name, its sleeve and the index.

How does SAP SE ADR compare with its peers?

Against its peer group (Enterprise application vendors), SAP SE ADR (SAP) sits 15.6% below its 52-week high, 7.9% above its 50-day average; Oracle Corporation (ORCL) is 63.2% below, Microsoft Corporation (MSFT) is 2.5% below, Salesforce Inc (CRM) is 19.9% below, as of 2026-11-09. Put any of them next to SAP in the chart grid (2×1 or 2×2) and the page lays the companies side by side: performance, trend, valuation, margins and our money-flow reading.

How does SAP SE ADR trade when bond yields rise?

Over the past year SAP SE ADR had a beta of 0.81 to TLT, the long-dated Treasury fund — it moves strongly with bonds, higher than 70% of US names. On the 10 sessions in which long bonds fell most it moved −0.58% on average, against −0.72% for the S&P 500. As of 2026-11-10; The "How it trades on rate days" block on this page carries the lines.

Where has Closelooknet written about SAP SE ADR?

SAP SE ADR appears in 43 Closelooknet pieces as of 2026-11-11, most recently Morning 10: AI Trade — Kospi Halted, Nikkei Enters a Bear Market After US Chip Stocks Lose 12% (2026-11-06); Morning 10: AI Trade — Kospi Falls 5.3%, SK Hynix 9.5% and Advantest 14.7% After Qualcomm; Hong Kong Rises 3.5% (2026-11-05); Morning 10: AI Trade — Kospi Swings 7% on AMD and the Midterms, Closes Green; Nasdaq Futures Recover (2026-11-04). What Closelooknet said most recently: A chip index that opens lower while SAP and the banks hold would repeat Wednesday's split between AI builders and AI users inside Europe. (Morning 10, 2026-11-06). The "Mentioned on Closelooknet" block on this page lists the long reads, the reference entries and the dailies that name it.

Does Closelooknet hold SAP SE ADR?

Yes — Global Tech 50: 52.04 shares · average entry $99.16, +135.7% unrealised (book of 2026-11-10). A record of what the diary does, not a recommendation to do the same.

What does SAP SE ADR do?

SAP builds enterprise application software: S/4HANA for finance, procurement, supply chain, manufacturing and asset management; SuccessFactors for human-resources data; spend-management and customer-experience tools; a business technology platform for building and integrating applications; a business network for supply-chain communication between trading partners; and process-mining and enterprise-architecture tools through Signavio and LeanIX. Its customers are large organisations running these systems across finance, HR and operations. It is based in Walldorf, Germany. Closelooknet's peer group for SAP is enterprise application vendors, the names the market prices it against: Oracle, Microsoft, Salesforce, ServiceNow and Workday. IBM is a competitor the market also names in this space. (Company snapshot of 2026-09-17.)

Where does SAP SE ADR sit in the AI build-out?

SAP holds a seat in Closelooknet's Agentic Winners 40, the sleeve that tracks established enterprise software vendors exposed to agentic AI disruption. It holds the systems of record for finance, procurement and supply-chain data, the layer any AI agent would need to reach to automate those processes, which makes it a constraint on how fast agentic software can act inside large enterprises and a customer of the AI infrastructure it builds on top of its own platform. SAP sits in the Agentic Winners 40 and carries a Closelooknet score built across three modules, with quality reading strongest and valuation weakest. The diary has written on it repeatedly, including a dossier on the Agentic Winners and a report mapping which systems of record hold an enterprise-AI control point, where SAP is named for finance, procurement and supply chain. (Company snapshot of 2026-09-17.)

Does SAP SE ADR pay a dividend?

SAP SE ADR has paid 2.93 USD per share over the last twelve months, paid once a year, a trailing yield of 1.25% on the 2026-11-10 close; the last distribution recorded in the price series was 2.93 USD on 2026-05-05. In fiscal 2025 the company paid 2.74 bn USD in dividends and bought back 1.94 bn USD of its own shares, 56% of that year’s free cash flow. The share count fell 0.4% over the fiscal year. As of 2026-11-10; the "Dividends and capital return" block on this page carries the lines.

What has Wall Street done on SAP SE ADR recently?

The most recent analyst action on SAP SE ADR on the Closelooknet wire is a price target by Jefferies on 2026-09-22 (target 260 from 250). 3 actions on the analyst wire since 2026-08-13: 1 downgrade, 2 target changes. Its latest earnings print on the wire, 2026-10-21: EPS 2.18 against 2.03 expected — a +7.4% beat. Analyst actions are third-party opinions recorded by the wire, not Closelooknet readings. The “The Street on this name” block on this page lists the moves; the full feeds are the analyst wire and the earnings wire.

What does this page show?

A live price chart with SMA overlays and drawing tools for SAP, performance metrics, index-membership context and the Closelooknet structure read — an investment research diary view, not investment advice.

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Related in the Closelooknet universe

same Closelooknet index seat first, then Software - Application. Scored names rank on their Closelooknet score; names without one rank on trend state — above or below their 50- and 200-day averages — never on a score they do not carry.