STOCK COMPARISON
DocuSign vs SAP: Fair Value & Quality
Both stocks run through our valuation models. Here is how DocuSign (DOCU) 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: DocuSign trades at $56.90 versus a fair value of $30.33 (-47%), while SAP trades at €171 versus €126 (-27%).
DocuSign
DOCU · USD · Information Technology
-47%
upside to fair value
overvalued
Price$56.90
Fair Value$30.33
Quality58/100
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).
DocuSignSAP
Valuation
34.7×P/E (TTM)22.1×
3.10×P/S (TTM)4.97×
5.31×P/B4.15×
26.6×EV/EBITDA15.7×
0.60×PEG1.37×
—Dividend yield1.8%
—Dividend per share€2.50
Profitability
10%Net margin20%
13%Operating margin30%
16%Return on equity16%
6%Return on assets9%
Growth
9%Revenue growth (YoY)6%
8.6%Avg. growth/yr (3Y)6.0%
17.2%Avg. growth/yr (5Y)6.1%
Balance & size
0.38×Debt / equity0.09×
$10BMarket 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.
DocuSignof which business quality 72 · market factors 38
SAPof which business quality 78 · market factors 38
ProfitabilityMargins and returns on capital today
62
62
Quality GrowthAre margins and returns improving?
51
76
CashflowEarnings quality: real cash, not paper profit
98
80
Fin. StrengthBalance sheet, leverage, solvency risk
74
79
InvestmentDisciplined investing over empire-building
44
94
Low VolatilityCalm price path (market factor)
47
61
MomentumPrice trend over the last 3–12 months (market factor)
40
36
52W MomentumDistance to the 52-week high (market factor)
22
16
Net IssuanceBuybacks instead of dilution
89
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.
DocuSign
DCF Models$78.47
Earnings-Based$34.75
Dividend Discount$29.19
Multiples$27.53
Asset-Based$6.73
Growth DCF$111
Economic Profit$17.09
Growth Earnings$45.62
16 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.
DocuSign
Bear $23.30Fair Value $30.33Bull $37.37
$56.90 = 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.
DocuSign · Information Technology
Quality score58 · above median
Fair value upside-47% · below median
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: DocuSign trades at $56.90 versus a fair value of $30.33 (-47%), 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.
