STOCK COMPARISON
Black Box vs SAP: Fair Value & Quality
Both stocks run through our valuation models. Here is how Black Box (BBOX) 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: Black Box trades at ₹744 versus a fair value of ₹332 (-55%), while SAP trades at €178 versus €126 (-29%).
Black Box
BBOX.NSE · INR · Information Technology
-55%
upside to fair value
overvalued
Price₹744
Fair Value₹332
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).
Black BoxSAP
Valuation
75.8×P/E (TTM)22.1×
2.69×P/S (TTM)4.99×
13.23×P/B4.16×
31.0×EV/EBITDA15.7×
—PEG1.37×
0.1%Dividend yield1.8%
₹1.00Dividend per share€2.50
Profitability
3%Net margin20%
7%Operating margin30%
21%Return on equity16%
7%Return on assets9%
Growth
10%Revenue growth (YoY)6%
0.2%Avg. growth/yr (3Y)6.0%
6.2%Avg. growth/yr (5Y)6.1%
Balance & size
0.62×Debt / equity0.09×
$2BMarket cap$186B
expensiveGrowth qualityhealthy
SAP leads: 4 to 9 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.
Black Boxof which business quality 43 · market factors 72
SAPof which business quality 78 · market factors 41
ProfitabilityMargins and returns on capital today
54
62
Quality GrowthAre margins and returns improving?
33
76
CashflowEarnings quality: real cash, not paper profit
7
80
Fin. StrengthBalance sheet, leverage, solvency risk
53
79
InvestmentDisciplined investing over empire-building
46
94
Low VolatilityCalm price path (market factor)
58
60
MomentumPrice trend over the last 3–12 months (market factor)
86
41
52W MomentumDistance to the 52-week high (market factor)
66
20
Net IssuanceBuybacks instead of dilution
76
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.
Black Box
DCF Models₹374
Earnings-Based₹204
Dividend Discount₹16.67
Multiples₹276
Asset-Based₹48.55
Economic Profit₹216
Growth Earnings₹251
17 of 17 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.
Black Box
Bear ₹218Fair Value ₹332Bull ₹501
₹744 = current price (white tick)
SAP
Bear €89.01Fair Value €126Bull €157
€178 = current price (white tick)
Compare two other stocks
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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.
Black Box · Information Technology
Quality score45 · below median
Fair value upside-55% · below 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 SAP as the less overvalued of the two: Black Box trades at ₹744 versus a fair value of ₹332 (-55%), while SAP trades at €178 versus €126 (-29%).
SAP has the higher quality score (81/100).
See the full analysis →
More comparisons
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
