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STOCK COMPARISON

Study King Co. vs SAP: Fair Value & Quality

Both stocks run through our valuation models. Here is how Study King Co. (6780) and SAP (SAP) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: Study King Co. trades at TWD 40.95 versus a fair value of TWD 30.17 (-26%), while SAP trades at €184 versus €172 (-6%).
Study King Co.
6780.TWO · TWD · Technology
-26%
upside to fair value
overvalued
PriceTWD 40.95
Fair ValueTWD 30.17
Quality77/100
SAP
SAP.XETRA · EUR · Information Technology
-6%
upside to fair value
fairly valued
Price€184
Fair Value€172
Quality82/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Study King Co.SAP
Valuation
28.6×P/E (TTM)29.6×
1.84×P/S (TTM)6.59×
2.85×P/B5.50×
19.9×EV/EBITDA20.9×
n/aPEG1.37×
−26.3%Fair value upside−6.4%
3.2%Dividend yield1.4%
TWD 1.30Dividend per share€2.50
Profitability
9%Operating margin30%
0.71×EBIT margin trend (5Y)1.16×
10%Return on equity16%
5%Return on assets9%
Growth
-4%Revenue growth (YoY)6%
-3.1%Avg. growth/yr (3Y)6.0%
-4.3%Avg. growth/yr (5Y)6.1%
−5.8%Value creation/yr−1.2%
Balance & size
40.0×Interest coverage (EBIT/interest)7.5×
n/aDebt / equity0.09×
$21MMarket cap$246B
weakGrowth qualityhealthy
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

SAP leads: 2 to 8 metric wins.

n/a = 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.

Study King Co.of which business quality 76 · market factors 82 SAPof which business quality 79 · market factors 53
ProfitabilityMargins and returns on capital today
64
62
Quality GrowthAre margins and returns improving?
58
76
CashflowEarnings quality: real cash, not paper profit
60
80
Fin. StrengthBalance sheet, leverage, solvency risk
95
79
InvestmentDisciplined investing over empire-building
100
94
Low VolatilityCalm price path (market factor)
76
60
MomentumPrice trend over the last 3–12 months (market factor)
78
61
52W MomentumDistance to the 52-week high (market factor)
96
33
Net IssuanceShare count: buybacks or dilution?
86
92

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyStudy King Co.Price TWD 40.95SAPPrice €184
DCF Models-18%below the priceTWD 33.56-7%close to the price€171
Earnings-Based-61%below the priceTWD 16.00-66%below the price€63.09
Dividend Discount-80%below the priceTWD 8.17-76%below the price€45.06
Multiples-19%below the priceTWD 33.07-19%below the price€149
Asset-Based-77%below the priceTWD 9.62-86%below the price€25.98
Growth DCF-31%below the priceTWD 28.22-19%below the price€149
Economic Profit-58%below the priceTWD 17.18-59%below the price€74.66
Growth Earnings-26%below the priceTWD 30.14-14%close to the price€158
Minimum-80%below the priceTWD 8.17-86%below the price€25.98
Maximum-18%below the priceTWD 33.56-7%close to the price€171
Median-45%below the priceTWD 22.70-39%below the price€112
Geometric mean-53%below the priceTWD 19.44-53%below the price€87.08

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Study King Co.: 21 of 24 models see the stock below the current price.

SAP: 22 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Study King Co.
Price TWD 40.95
Fair Value TWD 30.17
Bear TWD 23.51Bull TWD 41.30
SAP
Price €184
Fair Value €172
Bear €110Bull €222

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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.

Study King Co. · Technology

Quality score77 · Top 25%
Fair value upside-26% · below median

SAP · Information Technology

Quality score82 · Top 25%
Fair value upside-6% · above median

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: Study King Co. trades at TWD 40.95 versus a fair value of TWD 30.17 (-26%), while SAP trades at €184 versus €172 (-6%).

SAP has the higher quality score (82/100).

Open SAP live analysis →
Study King Co. · SAP

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.