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

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Company snapshot — SAP SE ADR

SAP in five paragraphs: what it makes and sells, where it sits in the Closelook 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 Closelook'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
Closelook'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 Closelook tracks it
SAP sits in the Agentic Winners 40 and carries a Closelook 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 Closelook company score reads 56/100 composite (momentum 54, quality 74, valuation 38) across 7 modules — the full breakdown, chart structure and analog history load live above.

Written from the company’s public profile and Closelook’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.

Signals for this name

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

The Street on this name 2 analyst actions on the wire · latest: price target by Argus, 2026-09-10

The Street on this name

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

  • 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

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

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 Closelook scores where it exists.

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 Closelook index and its own sleeve — equal-weight, nightly closes.

Agentic Winners 40 · as of 2026-09-17

DayWeekMonth3 months
SAP+0.2%+3.7%+1.5%+34.6%
Control Plane+1.2%+3.2%+5.5%—
Agentic Winners 40+0.4%+2.1%+0.5%—

Against the index: 1.6 pts ahead on the week, 1.0 pts ahead on the month; against its Control Plane sleeve 4.0 pts behind on the month.

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

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 55/100 · S&P 500 fund at 58, above its 50- and 200-day averagesEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-09-17
  • Factor regime Momentum leading — risk appetite buildingMomentum against low volatility (SPMO / SPLV): above its 50-day trend, 94th percentile of the window, +2.7% over 20 sessions. Factor regime → 2026-09-17
  • Sovereign pressure Index 0.00 · down 0.41 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-09-17

FAQ · from the current data · as of 2026-09-18

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 Closelook research universe, as of the registry build of 2026-09-18.

Is SAP in a Closelook index?

Yes — SAP SE ADR is a constituent of Agentic Winners 40, as of 2026-09-18.

What is SAP SE ADR's Closelook composite score?

56 out of 100, with momentum 54, quality 74 and valuation 38 sub-scores, as of 2026-09-18. Scores are Closelook's own research readings, not ratings or investment advice.

What is SAP SE ADR's earnings print record?

Across the 10 prints Closelook covers, SAP SE ADR beat EPS estimates 7 times and revenue estimates 8 times; the three-day reactions split 6 up, 3 flat and 1 down (moves beyond ±3%), as of the 2026-07-23 card. The full print-record card carries the per-print history.

Where does SAP trade against its moving averages?

Trending: Above its 50- and 200-day; consensus target sits +11% higher. As of 2026-09-17 — a technical state from the nightly Closelook bake, not advice. The Technical tab carries the full row.

How is SAP doing against its Closelook index?

Over the past month SAP SE ADR is +1.5% against +0.5% for the Agentic Winners 40 — 1.0 points ahead of its index, as of 2026-09-17. Its Control Plane sleeve is +5.5% 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.

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. Closelook'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.

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

SAP holds a seat in Closelook'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 Closelook 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 has Wall Street done on SAP SE ADR recently?

The most recent analyst action on SAP SE ADR on the Closelook wire is a price target by Argus on 2026-09-10 (target 265 from 215). 2 actions on the analyst wire since 2026-08-13: 1 downgrade, 1 target change. Analyst actions are third-party opinions recorded by the wire, not Closelook 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.

Where has Closelook written about SAP SE ADR?

SAP SE ADR appears in 22 Closelook pieces, most recently Daily Pulse: From Silicon Scarcity to Software Scarcity: The Next AI Bottleneck Is Permission to Act, and the Market Graded It This Week (2026-09-03); Daily Pulse: Enterprise AI — Rent the Brain or Build It (2026-08-28); Morning 10: The day after the wire, the tape breaks — Korea's sidecar night, dollar-yen back under 159.5, and the sovereign tell reads equity-led (2026-08-19). What Closelook said most recently: Context; state and memory; systems of record SNOW, Databricks, MDB, SAP, CRM, ORCL, PLTR 2 · Permit controlled action Can it act with the correct authority through real workflows? (Daily Pulse, 2026-09-03). The "Mentioned on Closelook" block on this page lists the long reads, the reference entries and the dailies that name it.

What does this page show?

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

Mentioned on Closelook 22 pieces · newest: Daily Pulse, “From Silicon Scarcity to Software Scarcity: The Next AI Bottleneck Is Permission to Act, and the Market Graded It This Week” (2026-09-03)

Mentioned on Closelook

Where SAP appears in the diary — 22 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 · Closelook 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

Related in the Closelook universe