STOCK COMPARISON
Cadence Design Systems vs SAP: Fair Value & Quality
Both stocks run through our valuation models. Here is how Cadence Design Systems (CDNS) and SAP (SAP) compare, as of Aug 8, 2026.
As of Aug 8, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: Cadence Design Systems trades at $338 versus a fair value of $80.41 (-76%), while SAP trades at €171 versus €126 (-27%).
Cadence Design Systems
CDNS · USD · Information Technology
-76%
upside to fair value
overvalued
Price$338
Fair Value$80.41
Quality65/100
SAP
SAP.XETRA · EUR · Information Technology
-27%
upside to fair value
overvalued
Price€171
Fair Value€126
Quality67/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Cadence Design SystemsSAP
Valuation
89.3×P/E (TTM)22.1×
19.17×P/S (TTM)4.97×
19.36×P/B4.15×
52.4×EV/EBITDA15.7×
3.64×PEG1.37×
—Dividend yield1.8%
—Dividend per share€2.50
Profitability
21%Net margin20%
30%Operating margin30%
21%Return on equity16%
10%Return on assets9%
Growth
19%Revenue growth (YoY)6%
14.1%Avg. growth/yr (3Y)6.0%
14.6%Avg. growth/yr (5Y)6.1%
Balance & size
0.45×Debt / equity0.09×
$106BMarket cap$186B
healthyGrowth qualityhealthy
SAP leads: 6 to 7 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.
Cadence Design Systemsof which business quality 73 · market factors 45
SAPof which business quality 78 · market factors 38
ProfitabilityMargins and returns on capital today
68
62
Quality GrowthAre margins and returns improving?
51
76
CashflowEarnings quality: real cash, not paper profit
91
80
Fin. StrengthBalance sheet, leverage, solvency risk
91
79
InvestmentDisciplined investing over empire-building
32
94
Low VolatilityCalm price path (market factor)
48
61
MomentumPrice trend over the last 3–12 months (market factor)
48
36
52W MomentumDistance to the 52-week high (market factor)
38
16
Net IssuanceBuybacks instead of dilution
84
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.
Cadence Design Systems
DCF Models$103
Earnings-Based$46.68
Dividend Discount$29.35
Multiples$69.98
Asset-Based$13.30
Growth DCF$98.32
Economic Profit$49.15
Growth Earnings$68.82
26 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.
Cadence Design Systems
Bear $60.31Fair Value $80.41Bull $101
$338 = current price (white tick)
SAP
Bear €89.01Fair Value €126Bull €157
€171 = 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.
Cadence Design Systems · Information Technology
Quality score65 · Top 25%
Fair value upside-76% · bottom 25%
SAP · Information Technology
Quality score67 · Top 25%
Fair value upside-27% · above median
Bottom line
As of Aug 8, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: Cadence Design Systems trades at $338 versus a fair value of $80.41 (-76%), while SAP trades at €171 versus €126 (-27%).
SAP has the higher quality score (67/100).
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.
