STOCK COMPARISON
Dassault Systemes vs SAP: Fair Value & Quality
Both stocks run through our valuation models. Here is how Dassault Systemes (DSY) and SAP (SAP) compare, as of Aug 8, 2026.
As of Aug 8, 2026, Fair Value Calculator sees Dassault Systemes as the less overvalued of the two: Dassault Systemes trades at €21.73 versus a fair value of €18.20 (-16%), while SAP trades at €171 versus €126 (-27%).
Dassault Systemes
DSY.PA · EUR · Information Technology
-16%
upside to fair value
overvalued
Price€21.73
Fair Value€18.20
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).
Dassault SystemesSAP
Valuation
19.4×P/E (TTM)22.1×
4.39×P/S (TTM)4.97×
3.08×P/B4.15×
14.4×EV/EBITDA15.7×
3.04×PEG1.37×
—Dividend yield1.8%
—Dividend per share€2.50
Profitability
20%Net margin20%
23%Operating margin30%
13%Return on equity16%
6%Return on assets9%
Growth
-4%Revenue growth (YoY)6%
3.2%Avg. growth/yr (3Y)6.0%
7.0%Avg. growth/yr (5Y)6.1%
Balance & size
0.13×Debt / equity0.09×
$27BMarket 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.
Dassault Systemesof which business quality 74 · market factors 41
SAPof which business quality 78 · market factors 38
ProfitabilityMargins and returns on capital today
55
62
Quality GrowthAre margins and returns improving?
45
76
CashflowEarnings quality: real cash, not paper profit
83
80
Fin. StrengthBalance sheet, leverage, solvency risk
93
79
InvestmentDisciplined investing over empire-building
85
94
Low VolatilityCalm price path (market factor)
69
61
MomentumPrice trend over the last 3–12 months (market factor)
32
36
52W MomentumDistance to the 52-week high (market factor)
23
16
Net IssuanceBuybacks instead of dilution
82
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.
Dassault Systemes
DCF Models€23.67
Earnings-Based€10.06
Dividend Discount€4.59
Multiples€16.84
Asset-Based€4.48
Growth DCF€21.59
Economic Profit€10.96
Growth Earnings€14.93
18 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.
Dassault Systemes
Bear €13.65Fair Value €18.20Bull €22.75
€21.73 = 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.
Dassault Systemes · Information Technology
Quality score65 · Top 25%
Fair value upside-16% · above 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 Dassault Systemes as the less overvalued of the two: Dassault Systemes trades at €21.73 versus a fair value of €18.20 (-16%), 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.
