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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 Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: Alkami Technology trades at $19.73 versus a fair value of $2.17 (-89%), while SAP trades at €178 versus €126 (-29%).
Alkami Technology
ALKT · USD · Information Technology
-89%
upside to fair value
overvalued
Price$19.73
Fair Value$2.17
Quality45/100
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).

Alkami TechnologySAP
Valuation
P/E (TTM)22.1×
3.42×P/S (TTM)4.98×
4.46×P/B4.16×
EV/EBITDA15.7×
PEG1.37×
Dividend yield1.8%
Dividend per share€2.50
Profitability
-11%Net margin20%
-4%Operating margin30%
-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%
Balance & size
0.97×Debt / equity0.09×
$2BMarket cap$186B
mixedGrowth qualityhealthy

SAP leads: 4 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.

Alkami Technologyof which business quality 45 · market factors 43 SAPof which business quality 78 · market factors 41
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)
60
60
MomentumPrice trend over the last 3–12 months (market factor)
41
41
52W MomentumDistance to the 52-week high (market factor)
27
20
Net IssuanceBuybacks instead of dilution
33
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.

Alkami Technology

DCF Models$4.99
Multiples$2.34
Asset-Based$2.27
Growth DCF$5.71

7 of 7 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.

Alkami Technology
Bear $0.67Fair Value $2.17Bull $3.68
$19.73 = 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.

Alkami Technology · Information Technology

Quality score45 · below median
Fair value upside-89% · bottom 25%

SAP · Information Technology

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

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: Alkami Technology trades at $19.73 versus a fair value of $2.17 (-89%), while SAP trades at €178 versus €126 (-29%).

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

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.