Amadeus vs SAP (AMS vs SAP.DE)
Amadeus (AMS) vs SAP (SAP.DE) in plain English: P/E, growth, margins, debt and dividend side by side, key differences and which fits each investor profile.
Amadeus (AMS) and SAP (SAP.DE) compete in software and cloud. Here are Amadeus and SAP side by side with their real figures as of November 4, 2026: what sets them apart, which fits each kind of investor and the most common questions, without telling you whether to buy Amadeus or SAP.
Amadeus vs SAP: the figures
| Figure | Amadeus | SAP |
|---|---|---|
| Share price | €59.64 (November 4, 2026) | €214.30 (November 4, 2026) |
| Market cap | €25.0 billion | €247.3 billion |
| P/E (TTM) | 19.7x | 31.0x |
| Forward P/E | 15.4x | 25.3x |
| Revenue growth (quarter) | +1.5% | +13.2% |
| Net margin (TTM) | 19.9% | 20.4% |
| Net debt / EBITDA | 1.1x | Net cash |
| Dividend yield | 2.63% | 1.19% |
| Beta | 0.66 | 0.71 |
Amadeus and SAP figures from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026; N/A means that Amadeus or SAP figure is not available, and we never estimate it.
3 key differences between Amadeus and SAP
- Valuation: SAP trades at 31.0x its annual earnings and Amadeus at 19.7x; the market pays more for each dollar of SAP profit, usually because it expects more growth.
- Growth: SAP grew sales +13.2% year on year in its latest quarter, against +1.5% for Amadeus.
- Size: SAP is worth €247.3 billion on the stock market, about 9.9 times Amadeus (€25.0 billion).
Amadeus or SAP: which fits your profile
- If you want growth: SAP is growing faster today, so it fits better with investors who put business growth first, usually accepting a higher P/E and a bumpier ride.
- If you want income (dividends): Amadeus pays the higher dividend relative to its price.
- If you prefer caution: SAP has less debt relative to its profit, which usually gives more room in a bad year.
- If price is what matters most to you: Amadeus trades on the lower P/E; check first whether that is an opportunity or a sign of a business that grows less.
Neither Amadeus nor SAP wins on everything, and owning both is also an option: spreading money across several companies or an index fund reduces what rides on each one.
How Amadeus and SAP make money
Amadeus (AMS)
Amadeus sells travel technology to airlines, travel agencies and hotels. It reports three segments: Air Distribution, which charges a fee for each booking made through its system; Air IT Solutions, software airlines use to run ticketing, inventory and boarding; and Hospitality & Other Solutions. The two airline businesses generate most of its revenue. Full Amadeus analysis.
SAP (SAP.DE)
SAP sells enterprise resource planning (ERP) software that runs companies' finance, procurement, HR and supply chains. It reports cloud revenue, now its largest and fastest-growing line, plus licenses and support for on-premise software and implementation services. Its customers are large and midsize businesses around the world. Full SAP analysis.
Frequently asked questions: Amadeus vs SAP
Is Amadeus or SAP the better stock?
Choosing between Amadeus and SAP depends on what you are looking for. SAP is growing faster right now, and Amadeus trades on the lower P/E. Fintols does not tell you whether to buy Amadeus or SAP: it shows you the differences so you can decide.
Which pays a higher dividend, Amadeus or SAP?
As of November 4, 2026, Amadeus yields 2.63% and SAP yields 1.19%. Also check how much of their profit Amadeus and SAP pay out: if it is more than they earn, it cannot last.
Which is more expensive, Amadeus or SAP?
On P/E, SAP (31.0x) is more expensive than Amadeus (19.7x) as of November 4, 2026. A higher P/E can be justified if earnings grow faster, so compare it with each company's growth in the table.
Can I own both Amadeus and SAP?
Yes. Many people spread their money across several companies, such as Amadeus and SAP, or use index funds so they do not depend on just one. If you are starting out, decide how much you want to invest and for how long before buying Amadeus or SAP.
More comparisons with Amadeus or SAP
More companies like Amadeus and SAP: software and cloud stocks. Educational content about Amadeus and SAP, not investment advice.