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STOCK COMPARISON

Asseco Business Solutions S.A. vs SAP: Fair Value & Quality

Both stocks run through our valuation models. Here is how Asseco Business Solutions S.A. (ABS) and SAP (SAP) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees Asseco Business Solutions S.A. as the less overvalued of the two: Asseco Business Solutions S.A. trades at PLN 89.00 versus a fair value of PLN 72.90 (-18%), while SAP trades at €178 versus €126 (-29%).
Asseco Business Solutions S.A.
ABS.WAR · PLN · Information Technology
-18%
upside to fair value
overvalued
PricePLN 89.00
Fair ValuePLN 72.90
Quality86/100
SAP
SAP.XETRA · EUR · Information Technology
-29%
upside to fair value
overvalued
Price€178
Fair Value€126
Quality81/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Asseco Business Solutions S.A.SAP
Valuation
19.7×P/E (TTM)22.1×
1.55×P/S (TTM)4.98×
1.82×P/B4.16×
4.0×EV/EBITDA15.7×
PEG1.37×
Dividend yield1.8%
Dividend per share€2.50
Profitability
30%Net margin20%
36%Operating margin30%
34%Return on equity16%
18%Return on assets9%
Growth
21%Revenue growth (YoY)6%
12.1%Avg. growth/yr (3Y)6.0%
11.1%Avg. growth/yr (5Y)6.1%
Balance & size
Debt / equity0.09×
$774MMarket cap$186B
healthyGrowth qualityhealthy

Asseco Business Solutions S.A. leads: 11 to 0 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.

Asseco Business Solutions S.A.of which business quality 83 · market factors 63 SAPof which business quality 78 · market factors 41
ProfitabilityMargins and returns on capital today
86
62
Quality GrowthAre margins and returns improving?
61
76
CashflowEarnings quality: real cash, not paper profit
87
80
Fin. StrengthBalance sheet, leverage, solvency risk
90
79
InvestmentDisciplined investing over empire-building
76
94
Low VolatilityCalm price path (market factor)
86
60
MomentumPrice trend over the last 3–12 months (market factor)
48
41
52W MomentumDistance to the 52-week high (market factor)
65
20
Net IssuanceBuybacks instead of dilution
88
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.

Asseco Business Solutions S.A.

DCF ModelsPLN 89.86
Earnings-BasedPLN 41.66
Dividend DiscountPLN 54.14
MultiplesPLN 57.28
Asset-BasedPLN 8.70
Growth DCFPLN 77.55
Economic ProfitPLN 39.44
Growth EarningsPLN 66.96

19 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.

Asseco Business Solutions S.A.
Bear PLN 54.61Fair Value PLN 72.90Bull PLN 91.19
PLN 89.00 = current price (white tick)
SAP
Bear €89.01Fair Value €126Bull €157
€178 = 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.

Asseco Business Solutions S.A. · Information Technology

Quality score86 · Top 25%
Fair value upside-18% · above median

SAP · Information Technology

Quality score81 · Top 25%
Fair value upside-29% · above median

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees Asseco Business Solutions S.A. as the less overvalued of the two: Asseco Business Solutions S.A. trades at PLN 89.00 versus a fair value of PLN 72.90 (-18%), while SAP trades at €178 versus €126 (-29%).

Asseco Business Solutions S.A. has the higher quality score (86/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.