BMNR vs. SAP: Bitmine Immersion vs. SAP Stock Comparison

Company Profile

Bitmine Immersion (BMNR) and SAP (SAP) are both classified in the Application Software sub-industry within the broader Software industry, placing them in the closest GICS peer bucket.

SAP (SAP) carries decades of public-market history since September 18, 1995, while Bitmine Immersion (BMNR) listed on June 5, 2025 — long-window comparisons have far more historical data on the SAP side.

Bitmine Immersion (BMNR) trades as ordinary local shares, while SAP (SAP) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Bitmine Immersion (BMNR) reports a negative ROE of -150.91%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile SAP (SAP) reports 18.18%, ranking against industry peers normally.

SAP (SAP) at 20.41% retains a top-quartile share of revenue as profit, ahead of Bitmine Immersion (BMNR) at 0.00%, which keeps about the industry-typical share.

SAP (SAP) at 29.50% operates in the top operating margin quartile, ahead of Bitmine Immersion (BMNR) at 8.42%, which runs around its industry’s norm.

Profitability Metrics

Growth

Bitmine Immersion (BMNR) at 84.14% clears its industry range for revenue growth, far stronger top-line momentum than SAP (SAP) at 7.68%, which is closer to a typical peer reading.

Only one side can be read here: SAP (SAP) reports EPS growth of 130.19%, ranked against its industry; Bitmine Immersion (BMNR) has no EPS growth figure this period.

Growth Metrics

Financial Strength

SAP (SAP) at 1.16 keeps current ratio within its industry’s typical mid-range, while Bitmine Immersion (BMNR) at 36.68 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

Bitmine Immersion (BMNR) at 0.00 keeps leverage in the lower industry quartile, while SAP (SAP) at 0.23 runs a more typical debt-to-equity mix.

Financial Strength Metrics

Dividends

Both Bitmine Immersion (BMNR) at 0.05% and SAP (SAP) at 1.03% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

Bitmine Immersion (BMNR) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile SAP (SAP) reports a payout of 36.45%, ranking against industry peers normally.

Dividend Metrics

Valuation

An earnings multiple is available for just one side: SAP (SAP) trades at 29.07 times trailing earnings, ranked against its peers, while Bitmine Immersion (BMNR) has no P/E ratio this period.

SAP (SAP) at 6.84 prices around its industry’s typical P/S ratio, while Bitmine Immersion (BMNR) at 184.93 clears its benchmark range — BMNR looks notably rich on sales.

Bitmine Immersion (BMNR) at 0.94 sits in the lower P/B ratio quartile relative to book while SAP (SAP) at 73.25 prices above its industry range — a wide valuation gap against assets.

Valuation Metrics