EN DE
STOCK COMPARISON

Franklin Liberty Systematic Style Premia ETF vs SAP: Fair Value & Quality

Both stocks run through our valuation models. Here is how Franklin Liberty Systematic Style Premia ETF (FLSP) and SAP (SAP) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: Franklin Liberty Systematic Style Premia ETF trades at €21.00 versus a fair value of €11.86 (-44%), while SAP trades at €184 versus €172 (-6%).
Franklin Liberty Systematic Style Premia ETF
FLSP.BR · EUR · Information Technology
-44%
upside to fair value
overvalued
Price€21.00
Fair Value€11.86
Quality78/100
SAP
SAP.XETRA · EUR · Information Technology
-6%
upside to fair value
fairly valued
Price€184
Fair Value€172
Quality82/100
Get comparisons like this free by email every month: the most undervalued quality stocks.

Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Franklin Liberty Systematic Style Premia ETFSAP
Valuation
29.2×P/E (TTM)27.6×
6.02×P/S (TTM)6.35×
10.56×P/B5.42×
25.5×EV/EBITDA20.3×
n/aPEG1.63×
−43.5%Fair value upside−6.4%
4.8%Dividend yield1.4%
€1.00Dividend per share€2.50
Profitability
21%Operating margin28%
0.98×EBIT margin trend (5Y)1.16×
25%Return on equity18%
13%Return on assets10%
Growth
0%Revenue growth (YoY)9%
8.7%Avg. growth/yr (3Y)6.0%
n/aAvg. growth/yr (5Y)6.1%
+8.0%Value creation/yr−1.2%
Balance & size
315.6×Interest coverage (EBIT/interest)7.5×
n/aDebt / equity0.09×
$61MMarket cap$243B
healthyGrowth qualityhealthy

Even match: 6 to 6 metric wins.

n/a = 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.

Franklin Liberty Systematic Style Premia ETFof which business quality 74 · market factors 41 SAPof which business quality 79 · market factors 53
ProfitabilityMargins and returns on capital today
70
62
Quality GrowthAre margins and returns improving?
52
76
CashflowEarnings quality: real cash, not paper profit
53
80
Fin. StrengthBalance sheet, leverage, solvency risk
94
79
InvestmentDisciplined investing over empire-building
100
94
Low VolatilityCalm price path (market factor)
50
60
MomentumPrice trend over the last 3–12 months (market factor)
40
61
52W MomentumDistance to the 52-week high (market factor)
33
33
Net IssuanceShare count: buybacks or dilution?
82
92

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyFranklin Liberty Systematic Style Premia ETFPrice €21.00SAPPrice €184
DCF Models-42%below the price€12.23-7%close to the price€171
Earnings-Based-72%below the price€5.90-66%below the price€63.09
Dividend Discount-48%below the price€10.90-76%below the price€45.06
Multiples-18%below the price€17.29-19%below the price€149
Asset-Based-91%below the price€1.80-86%below the price€25.98
Growth DCF-55%below the price€9.56-19%below the price€149
Economic Profit-71%below the price€6.14-59%below the price€74.66
Growth Earnings-19%below the price€16.99-14%close to the price€158
Minimum-91%below the price€1.80-86%below the price€25.98
Maximum-18%below the price€17.29-7%close to the price€171
Median-51%below the price€10.23-39%below the price€112
Geometric mean-60%below the price€8.38-53%below the price€87.08

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Franklin Liberty Systematic Style Premia ETF: 24 of 25 models see the stock below the current price.

SAP: 22 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Franklin Liberty Systematic Style Premia ETF
Price €21.00
Fair Value €11.86
Bear €7.81Bull €16.96
SAP
Price €184
Fair Value €172
Bear €110Bull €222

Compare two other stocks

Tap a field and type again, ticker or company name.

Free, no sign-up

Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Franklin Liberty Systematic Style Premia ETF · Information Technology

Quality score78 · Top 25%
Fair value upside-44% · below median

SAP · Information Technology

Quality score82 · Top 25%
Fair value upside-6% · above median

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: Franklin Liberty Systematic Style Premia ETF trades at €21.00 versus a fair value of €11.86 (-44%), while SAP trades at €184 versus €172 (-6%).

SAP has the higher quality score (82/100).

Open SAP live analysis →

More comparisons

Popular match-ups from the same sectors, all with fair value and quality score.

Free · Top-25 report

See the undervalued quality stocks every month

Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.

A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.