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STOCK COMPARISON

Kingsoft Cloud Holdings Ltd vs SAP: Fair Value & Quality

Both stocks run through our valuation models. Here is how Kingsoft Cloud Holdings Ltd (KC) and SAP (SAP) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees Kingsoft Cloud Holdings Ltd as the less overvalued of the two: Kingsoft Cloud Holdings Ltd trades at $12.33 versus a fair value of $9.66 (-22%), while SAP trades at €178 versus €126 (-29%).
Kingsoft Cloud Holdings Ltd
KC · USD · Industrials
-22%
upside to fair value
overvalued
Price$12.33
Fair Value$9.66
Quality34/100
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).

Kingsoft Cloud Holdings LtdSAP
Valuation
—P/E (TTM)22.1×
0.29×P/S (TTM)4.98×
0.32×P/B4.16×
—EV/EBITDA15.7×
—PEG1.37×
—Dividend yield1.8%
—Dividend per share€2.50
Profitability
-9%Net margin20%
-6%Operating margin30%
-14%Return on equity16%
-2%Return on assets9%
Growth
37%Revenue growth (YoY)6%
5.3%Avg. growth/yr (3Y)6.0%
7.8%Avg. growth/yr (5Y)6.1%
Balance & size
0.32×Debt / equity0.09×
$3BMarket cap$186B
expensiveGrowth qualityhealthy

SAP leads: 4 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.

Kingsoft Cloud Holdings Ltdof which business quality 34 · market factors 14 SAPof which business quality 78 · market factors 41
ProfitabilityMargins and returns on capital today
7
62
Quality GrowthAre margins and returns improving?
67
76
CashflowEarnings quality: real cash, not paper profit
33
80
Fin. StrengthBalance sheet, leverage, solvency risk
47
79
InvestmentDisciplined investing over empire-building
37
94
Low VolatilityCalm price path (market factor)
0
60
MomentumPrice trend over the last 3–12 months (market factor)
19
41
52W MomentumDistance to the 52-week high (market factor)
23
20
Net IssuanceBuybacks instead of dilution
20
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.

Kingsoft Cloud Holdings Ltd

Multiples$95.15
Asset-Based$20.87

0 of 2 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.

Kingsoft Cloud Holdings Ltd
Bear $7.00Fair Value $9.66Bull $12.33
$12.33 = 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.

Kingsoft Cloud Holdings Ltd · Industrials

Quality score34 · bottom 25%
Fair value upside-22% · below median

SAP · Information Technology

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

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees Kingsoft Cloud Holdings Ltd as the less overvalued of the two: Kingsoft Cloud Holdings Ltd trades at $12.33 versus a fair value of $9.66 (-22%), while SAP trades at €178 versus €126 (-29%).

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

See the full analysis →
Kingsoft Cloud Holdings Ltd · SAP

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