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STOCK COMPARISON

Alkami Technology vs SAP: Fair Value & Quality

Both stocks run through our valuation models. Here is how Alkami Technology (ALKT) and SAP (SAP) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: Alkami Technology trades at $14.60 versus a fair value of $7.68 (-47%), while SAP trades at €186 versus €159 (-15%).
Alkami Technology
ALKT · USD · Information Technology
-47%
upside to fair value
overvalued
Price$14.60
Fair Value$7.68
Quality45/100
SAP
SAP.XETRA · EUR · Information Technology
-15%
upside to fair value
overvalued
Price€186
Fair Value€159
Quality81/100
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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

Alkami TechnologySAP
Valuation
n/aP/E (TTM)29.9×
3.21×P/S (TTM)6.68×
4.19× · book value is mostly goodwillP/B5.57×
n/aEV/EBITDA21.1×
n/aPEG1.37×
−47.4%Fair value upside−14.7%
n/aDividend yield1.3%
n/aDividend per share€2.50
Profitability
-4%Operating margin30%
n/aEBIT margin trend (5Y)1.16×
-14%Return on equity16%
-3%Return on assets9%
Growth
29%Revenue growth (YoY)6%
29.5%Avg. growth/yr (3Y)6.0%
31.7%Avg. growth/yr (5Y)6.1%
n/aValue creation/yr−1.3%
Balance & size
n/aInterest coverage (EBIT/interest)7.5×
0.97×Debt / equity0.09×
$2BMarket cap$249B
mixedGrowth qualityhealthy

SAP leads: 3 to 5 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.

Alkami Technologyof which business quality 45 · market factors 29 SAPof which business quality 78 · market factors 55
ProfitabilityMargins and returns on capital today
18
62
Quality GrowthAre margins and returns improving?
63
76
CashflowEarnings quality: real cash, not paper profit
63
80
Fin. StrengthBalance sheet, leverage, solvency risk
40
79
InvestmentDisciplined investing over empire-building
62
94
Low VolatilityCalm price path (market factor)
56
61
MomentumPrice trend over the last 3–12 months (market factor)
28
63
52W MomentumDistance to the 52-week high (market factor)
0
34
Net IssuanceShare count: buybacks or dilution?
33
84

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 familyAlkami TechnologyPrice $14.60SAPPrice €186
DCF Models-56%below the price$6.38-14%close to the price€160
Earnings-Basedn/a-68%below the price€60.32
Dividend Discountn/a-78%below the price€41.03
Multiples-84%below the price$2.34-21%below the price€147
Asset-Based-84%below the price$2.27-86%below the price€25.68
Growth DCF-54%below the price$6.69-25%below the price€140
Economic Profitn/a-63%below the price€69.81
Growth Earningsn/a-16%below the price€156
Minimum-84%below the price$2.27-86%below the price€25.68
Maximum-54%below the price$6.69-14%close to the price€160
Median-70%below the price$4.36-44%below the price€105
Geometric mean-73%below the price$3.88-55%below the price€83.14

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%.

Alkami Technology: 7 of 7 models see the stock below the current price.

SAP: 23 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.

Alkami Technology
Price $14.60
Fair Value $7.68
Bear $2.65Bull $11.75
SAP
Price €186
Fair Value €159
Bear €109Bull €220

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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.

Alkami Technology · Information Technology

Quality score45 · below median
Fair value upside-47% · below median

SAP · Information Technology

Quality score81 · Top 25%
Fair value upside-15% · above median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: Alkami Technology trades at $14.60 versus a fair value of $7.68 (-47%), while SAP trades at €186 versus €159 (-15%).

SAP has the higher quality score (81/100).

Open SAP live analysis →

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