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STOCK COMPARISON

Hitit Bilgisayar Hizmetleri AS vs SAP: Fair Value & Quality

Both stocks run through our valuation models. Here is how Hitit Bilgisayar Hizmetleri AS (HTTBT) and SAP (SAP) compare, as of Aug 9, 2026.

As of Aug 9, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: Hitit Bilgisayar Hizmetleri AS trades at TRY 38.40 versus a fair value of TRY 23.29 (-39%), while SAP trades at €178 versus €126 (-29%).
Hitit Bilgisayar Hizmetleri AS
HTTBT.IS · TRY · Information Technology
-39%
upside to fair value
overvalued
PriceTRY 38.40
Fair ValueTRY 23.29
Quality52/100
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).

Hitit Bilgisayar Hizmetleri ASSAP
Valuation
28.2×P/E (TTM)22.1×
6.37×P/S (TTM)4.99×
3.87×P/B4.16×
22.6×EV/EBITDA15.7×
PEG1.37×
Dividend yield1.8%
Dividend per share€2.50
Profitability
23%Net margin20%
15%Operating margin30%
15%Return on equity16%
7%Return on assets9%
Growth
43%Revenue growth (YoY)6%
74.5%Avg. growth/yr (3Y)6.0%
79.4%Avg. growth/yr (5Y)6.1%
Balance & size
Debt / equity0.09×
$241MMarket cap$186B
expensiveGrowth qualityhealthy

SAP leads: 5 to 6 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.

Hitit Bilgisayar Hizmetleri ASof which business quality 54 · market factors 36 SAPof which business quality 78 · market factors 41
ProfitabilityMargins and returns on capital today
56
62
Quality GrowthAre margins and returns improving?
70
76
CashflowEarnings quality: real cash, not paper profit
47
80
Fin. StrengthBalance sheet, leverage, solvency risk
89
79
InvestmentDisciplined investing over empire-building
0
94
Low VolatilityCalm price path (market factor)
78
60
MomentumPrice trend over the last 3–12 months (market factor)
22
41
52W MomentumDistance to the 52-week high (market factor)
14
20
Net IssuanceBuybacks instead of dilution
40
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.

Hitit Bilgisayar Hizmetleri AS

Earnings-BasedTRY 45.37
MultiplesTRY 22.67
Asset-BasedTRY 6.63
Economic ProfitTRY 15.79
Growth EarningsTRY 58.46

10 of 14 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.

Hitit Bilgisayar Hizmetleri AS
Bear TRY 17.89Fair Value TRY 23.29Bull TRY 28.69
TRY 38.40 = current price (white tick)
SAP
Bear €89.01Fair Value €126Bull €157
€178 = current price (white tick)

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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.

Hitit Bilgisayar Hizmetleri AS · Information Technology

Quality score52 · below median
Fair value upside-39% · below median

SAP · Information Technology

Quality score81 · Top 25%
Fair value upside-29% · above median

Bottom line

As of Aug 9, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: Hitit Bilgisayar Hizmetleri AS trades at TRY 38.40 versus a fair value of TRY 23.29 (-39%), while SAP trades at €178 versus €126 (-29%).

SAP has the higher quality score (81/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.