LIVE
SAP
SAP SE · Technology
$155.22
-13.19% this month
VERSUS
⟷
COMPARE
ORCL
Oracle Corporation · Technology
$184.29
+1.56% this month
Scoreboard verdict
Across AI score, momentum, valuation, upside, operating margin
SAP
2
ORCL
2
Comparison scoreboard
MIXED SETUPAI Score
SAP 40.0
ORCL ✓51.3
1Y Return
SAP -45.51%
ORCL ✓-11.48%
Fwd P/E
SAP ✓15.77
ORCL 16.94
Target Up.
SAP ✓+64.93%
ORCL +38.70%
Op. Margin
SAP N/A
ORCL 36.26%
Metrics last refreshed: 6/20/2026
Quick take
SAP vs ORCL Stock Comparison: AI Score, Valuation, Performance and Upside
SAP and Oracle are the two dominant enterprise ERP software companies competing globally for the largest corporations' core business software. Both are in cloud transitions — SAP migrating on-premises S/4HANA customers to cloud, Oracle expanding Fusion Cloud ERP alongside OCI cloud infrastructure. Both have extremely sticky installed bases with multi-decade enterprise relationships. The key competitive distinction is SAP's manufacturing/supply chain ERP strength vs Oracle's database ecosystem and emerging OCI cloud infrastructure story.
SAP vs ORCL is the world's largest ERP with on-premises-to-cloud migration tailwind and 440,000 enterprise customers (SAP) versus the enterprise database incumbent expanding Fusion Cloud ERP and OCI AI infrastructure with GPU cloud wins (Oracle) — two legacy enterprise software giants in cloud transition with different cloud infrastructure strategies.
Live analysis · updated 6/20/2026
SAP and ORCL are closely matched — they split the tracked metrics evenly. ORCL has delivered stronger 1-year price return (-11.48% vs -45.51%), though SAP trades at the lower forward P/E (15.77x vs 16.94x). Analyst consensus implies meaningfully more upside for SAP (+64.93%) than for ORCL (+38.70%).
Normalized 1Y performance
SAP
ORCL
Recent returns
SAP
ORCL
Analyst price targets & sentiment
SAP · 12 analysts
STRONG BUYHOLDSTRONG SELL
Buy (1.6/5.0)
Price target range
analyst low$200.00
analyst high$323.00
analyst mean$256.00
current price$155.22
+64.9% upside to analyst mean
ORCL · 34 analysts
STRONG BUYHOLDSTRONG SELL
Buy (1.9/5.0)
Price target range
analyst low$130.00
analyst mean$255.38
current price$184.29
+38.7% upside to analyst mean
Who should consider this stock?
SAP may suit investors who:
- →prefer the world's largest ERP with deepest global enterprise penetration in manufacturing, supply chain, and procurement workflows that SAP competitors cannot easily displace
- →value S/4HANA cloud migration as a multi-decade recurring revenue tailwind converting existing on-premises customers to higher-margin cloud subscriptions
- →want enterprise software exposure with the most significant switching cost protection — replacing SAP ERP requires migrating core business operations and is avoided for decades
- →are comfortable with migration complexity risk, European currency exposure, and slower growth rates reflecting SAP's incumbent installed base rather than high-growth new customer acquisition
ORCL may suit investors who:
- →prefer Oracle's dual cloud story: Fusion Cloud ERP competing with SAP plus OCI infrastructure winning AI GPU cluster contracts from hyperscaler customers
- →value Oracle Database's irreplaceable position in financial services and enterprise IT infrastructure as a compounding recurring revenue base
- →want AI infrastructure upside from OCI GPU cloud wins — Oracle's AI training cluster capacity is growing and winning enterprise AI workload customers based on performance and pricing
- →are comfortable with OCI's fourth-place cloud infrastructure position, Cerner integration complexity, and declining on-premises database revenue as cloud alternatives mature
Performance & AI score
| Metric | SAP | ORCL |
|---|---|---|
| AI score | 40.0 | 51.3 |
| AI rank | #1097 | #384 |
| Latest close | $155.22 | $184.29 |
| 1M return | -13.19% | +1.56% |
| 6M return | -34.59% | +3.27% |
| 1Y return | -45.51% | -11.48% |
$10,000 invested — hypothetical growth (dividends reinvested)
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | SAP | ORCL |
|---|---|---|
| 1Y ago | $5.54K (-44.6%) started 2025-06-18 | $8.74K (-12.6%) started 2025-06-18 |
| 5Y ago | $13.11K (+31.1%) started 2021-06-18 | $26.56K (+165.6%) started 2021-06-21 |
| 10Y ago | $27.42K (+174.2%) started 2016-06-20 | $61.9K (+519.0%) started 2016-06-20 |
Hypothetical — past performance does not guarantee future results.
Valuation & upside potential
| Metric | SAP | ORCL |
|---|---|---|
| Market cap | $182.99B | $529.57B |
| Trailing P/E | 21.44 | 31.53 |
| Forward P/E | 15.77 | 16.94 |
| Price/Sales | 4.90 | 8.75 |
| EV/Revenue | 5.11 | 9.71 |
| Analyst target | $256.00 | $255.38 |
| Target upside | +64.93% | +38.70% |
Growth, profitability & risk
| Metric | SAP | ORCL |
|---|---|---|
| Revenue growth | 6.00% | 20.60% |
| Earnings growth | 9.30% | 21.90% |
| EPS growth | +9.30% | +21.90% |
| FCF margin | +21.81% | -30.19% |
| Operating margin | N/A | 36.26% |
| Profit margin | 19.58% | 25.37% |
| ROIC proxy | 16.35% | 53.38% |
| Return on equity | 16.35% | 53.38% |
| Dividend yield | 1.77% | 1.09% |
| Beta | 0.73 | 1.66 |
| Debt/equity | 17.33 | 362.76 |
| Current ratio | 1.07 | 1.11 |
| Quick ratio | 0.92 | 1.01 |
Drawdown & downside risk
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
1Y risk snapshot
SAP max drawdown49.37%
ORCL max drawdown58.43%
SAP max wkly drop15.67%
ORCL max wkly drop22.10%
5Y risk snapshot
SAP max drawdown49.37%
ORCL max drawdown58.43%
SAP max wkly drop15.67%
ORCL max wkly drop22.10%
10Y risk snapshot
SAP max drawdown51.02%
ORCL max drawdown58.43%
SAP max wkly drop28.63%
ORCL max wkly drop22.10%
Performance metrics by period
| Period | Metric | SAP | ORCL |
|---|---|---|---|
| 1Y | Growth | -45.51% | -12.60% |
| CAGR | -45.53% | -12.62% | |
| Sharpe ratio | -1.72 | 0.02 | |
| Max drawdown | 49.37% | 58.43% | |
| Max daily drop | 15.20% | 10.83% | |
| Max wkly drop | 15.67% | 22.10% | |
| 5Y | Growth | +20.45% | +150.32% |
| CAGR | +3.79% | +20.18% | |
| Sharpe ratio | 0.12 | 0.54 | |
| Max drawdown | 49.37% | 58.43% | |
| Max daily drop | 15.20% | 13.79% | |
| Max wkly drop | 15.67% | 22.10% | |
| 10Y | Growth | +132.43% | +433.30% |
| CAGR | +8.81% | +18.23% | |
| Sharpe ratio | 0.28 | 0.52 | |
| Max drawdown | 51.02% | 58.43% | |
| Max daily drop | 23.16% | 13.79% | |
| Max wkly drop | 28.63% | 22.10% |
Business comparison
| Category | SAP | ORCL |
|---|---|---|
| Company | SAP SE | Oracle Corporation |
| Sector | Technology | Technology |
| Industry | N/A | Software - Infrastructure |
| Core business | SAP is the world's largest enterprise resource planning (ERP) software company, serving 440,000+ companies globally with SAP S/4HANA (cloud ERP), SuccessFactors (HR), and Ariba (procurement). SAP's enterprise footprint covers core business operations — finance, supply chain, manufacturing, HR — for most of the Global 2000. SAP's cloud transition moves customers from on-premises SAP ERP to SAP S/4HANA Cloud, generating higher recurring subscription revenue. SAP Business AI integrates Joule AI assistant and generative AI across SAP applications. | Oracle provides enterprise cloud applications (Fusion Cloud ERP, HCM, SCM), Oracle Database (the world's leading enterprise database), autonomous database cloud (Oracle Autonomous Database), and OCI (Oracle Cloud Infrastructure) cloud computing. Oracle has pivoted aggressively to cloud — Fusion Cloud Applications compete with SAP and Workday; OCI competes with AWS, Azure, and GCP (with significant AI cloud wins from Nvidia GPU cluster deployments). Oracle's Cerner healthcare ERP acquisition expanded its vertical software portfolio. |
| Investor focus | Investors track cloud revenue growth as customers migrate from on-premises to S/4HANA Cloud, cloud order entry as a leading indicator of future cloud revenue, and operating margin improvement as the cloud mix shifts toward higher-margin recurring revenue. | Investors track cloud revenue growth (Fusion Cloud Applications and OCI), remaining performance obligations (RPO) as cloud contract backlog, and GPU cloud capacity expansion as OCI wins AI training cluster customers. |
SAP strengths
- →Deepest enterprise process penetration — SAP runs the core financial, supply chain, and manufacturing operations of most Global 2000 companies, creating extraordinarily high switching costs
- →S/4HANA cloud migration is an 8–10 year tailwind — the installed base of on-premises SAP customers migrating to cloud generates predictable, accelerating cloud revenue without needing new customer acquisition
- →SAP's business network (Ariba procurement) connects suppliers and buyers in a two-sided business network that creates additional switching costs beyond the ERP software itself
ORCL strengths
- →Oracle Database installed base is one of the stickiest enterprise software assets — core banking, financial systems, and enterprise applications run on Oracle Database for decades
- →OCI's enterprise-grade cloud infrastructure is winning AI GPU cluster contracts from Microsoft (Azure) at large scale — OCI's performance and pricing for GPU compute has attracted major AI workload customers
- →Fusion Cloud Applications growing 20%+ annually with deep Oracle Database integration — ERP customers choosing Oracle cloud get seamless database integration unavailable from pure-cloud competitors
Risks to watch — SAP
- →S/4HANA migration complexity and cost are significant — some large enterprises delay or struggle with migrations, slowing SAP's cloud transition timeline
- →Workday, Oracle Fusion Cloud, and Microsoft Dynamics all compete for ERP displacement where SAP is not already entrenched
- →SAP's European-headquartered multinational structure means geopolitical and currency headwinds affect EUR-denominated revenue vs USD investor reporting
Risks to watch — ORCL
- →Oracle is fourth-place in cloud infrastructure behind AWS, Azure, and GCP — OCI must win on price and GPU availability rather than ecosystem breadth
- →Cerner healthcare ERP integration has been challenging — healthcare IT is a specialized market with different buying patterns than Oracle's traditional enterprise customers
- →Oracle's on-premises database revenue is mature and slowly declining as cloud alternatives emerge — the core database business is gradually eroding even as cloud grows
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