Both stocks run through our valuation models. Here is how Insyde Software (6231) and SAP (SAP) compare, as of Aug 11, 2026.
As of Aug 11, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: Insyde Software trades at TWD 216 versus a fair value of TWD 133 (-38%), while SAP trades at €179 versus €126 (-30%).
Insyde Software
6231.TWO · TWD · Information Technology
-38%
upside to fair value
overvalued
PriceTWD 216
Fair ValueTWD 133
Quality74/100
SAP
SAP.XETRA · EUR · Information Technology
-30%
upside to fair value
overvalued
Price€179
Fair Value€126
Quality81/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Insyde SoftwareSAP
Valuation
35.1×P/E (TTM)22.1×
6.15×P/S (TTM)4.98×
9.08×P/B4.16×
22.2×EV/EBITDA15.7×
—PEG1.37×
2.5%Dividend yield1.8%
TWD 5.70Dividend per share€2.50
Profitability
18%Net margin20%
22%Operating margin30%
31%Return on equity16%
15%Return on assets9%
Growth
8%Revenue growth (YoY)6%
6.3%Avg. growth/yr (3Y)6.0%
8.4%Avg. growth/yr (5Y)6.1%
Balance & size
—Debt / equity0.09×
$329MMarket cap$186B
healthyGrowth qualityhealthy
Even match: 6 to 6 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Insyde Softwareof which business quality 74 · market factors 37SAPof which business quality 78 · market factors 42
ProfitabilityMargins and returns on capital today
88
62
Quality GrowthAre margins and returns improving?
33
76
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
78
94
Low VolatilityCalm price path (market factor)
55
60
MomentumPrice trend over the last 3–12 months (market factor)
34
42
52W MomentumDistance to the 52-week high (market factor)
21
20
Net IssuanceBuybacks instead of dilution
52
84
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Insyde Software
DCF ModelsTWD 168
Earnings-BasedTWD 83.92
Dividend DiscountTWD 114
MultiplesTWD 125
Asset-BasedTWD 17.11
Growth DCFTWD 154
Economic ProfitTWD 78.86
Growth EarningsTWD 105
26 of 26 models see the stock below the current price.
SAP
DCF Models€134
Earnings-Based€60.32
Dividend Discount€41.03
Multiples€116
Asset-Based€25.68
Growth DCF€116
Economic Profit€69.81
Growth Earnings€116
26 of 26 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Insyde Software
Bear TWD 99.84Fair Value TWD 133Bull TWD 166
TWD 216 = current price (white tick)
SAP
Bear €89.01Fair Value €126Bull €157
€179 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Insyde Software · Information Technology
Quality score74 · Top 25%
Fair value upside-38% · below median
SAP · Information Technology
Quality score81 · Top 25%
Fair value upside-30% · above median
Bottom line
As of Aug 11, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: Insyde Software trades at TWD 216 versus a fair value of TWD 133 (-38%), while SAP trades at €179 versus €126 (-30%).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
