SAP shares trade at €90, or 20 times forecasted forward-year earnings, above Oracle’s P/E of 17. That valuation is “more than reasonable” for a business “growing organically and sustainably at close to 10% in a low-growth world,” Segal says.
SAP shares trade at €90, or 20 times forecasted forward-year earnings, above Oracle’s P/E of 17. That valuation is “more than reasonable” for a business “growing organically and sustainably at close to 10% in a low-growth world,” Segal says.