EN DE
STOCK COMPARISON

Nucleus Software Exports vs SAP: Fair Value & Quality

Both stocks run through our valuation models. Here is how Nucleus Software Exports (NUCLEUS) and SAP (SAP) compare, as of Oct 2, 2026.

As of Oct 2, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: Nucleus Software Exports trades at ₹647 versus a fair value of ₹544 (−15.9%), while SAP trades at €187 versus €172 (−7.6%).
Nucleus Software Exports
NUCLEUS.NSE · INR · Information Technology
−15.9%
upside to fair value
overvalued
Price₹647
Fair Value₹544
Quality56/100
SAP
SAP.XETRA · EUR · Information Technology
−7.6%
upside to fair value
fairly valued
Price€187
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

Nucleus Software ExportsSAP
Valuation
16.1×P/E (TTM)28.0×
n/aForward P/E (FY2027)22.3×
n/aMedian P/E at FY-end (10 FY, ex one-offs where documented)31.0×
1.96×P/S (TTM)5.66×
1.88×P/B4.83×
15.9×EV/EBITDA18.1×
n/aPEG1.63×
−15.9%Fair value upside−7.6%
1.9%Dividend yield1.3%
₹12.50Dividend per share€2.50
Profitability
1.3%Operating margin27.6%
0.55×EBIT margin trend (5Y)1.16×
13.6%Return on equity18.3%
5.6%Return on assets9.5%
Growth
-3.3%Revenue growth (YoY)9.4%
11.4%Avg. growth/yr (3Y)6.0%
11.3%Avg. growth/yr (5Y)6.1%
+9.6%Value creation/yr−1.3%
Balance & size
77.4×Interest coverage (EBIT/interest)7.5×
n/aDebt / equity0.09×
$177MMarket cap$243B
healthyGrowth qualityhealthy
SAP, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 31.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Nucleus Software Exports leads: 9 to 4 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.

Nucleus Software Exportsof which business quality 58 · market factors 32 SAPof which business quality 79 · market factors 53
ProfitabilityMargins and returns on capital today
47
62
Quality GrowthAre margins and returns improving?
14
76
CashflowEarnings quality: real cash, not paper profit
52
80
Fin. StrengthBalance sheet, leverage, solvency risk
87
79
InvestmentDisciplined investing over empire-building
52
94
Low VolatilityCalm price path (market factor)
80
60
MomentumPrice trend over the last 3–12 months (market factor)
18
59
52W MomentumDistance to the 52-week high (market factor)
0
33
Net IssuanceShare count: buybacks or dilution?
89
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 familyNucleus Software ExportsPrice ₹647SAPPrice €187
DCF Models−4.8%close to the price₹616−8.3%close to the price€171
Earnings-Based−47.6%below the price₹339−66.2%below the price€63.09
Dividend Discount−78.2%below the price₹141−75.9%below the price€45.06
Multiples+28.2%above the price₹830−20.4%below the price€149
Asset-Based−64.3%below the price₹231−86.1%below the price€25.98
Growth DCF−20.2%below the price₹516−20.0%below the price€149
Economic Profit−53.1%below the price₹303−60.3%below the price€74.18
Growth Earnings+70.6%above the price₹1,104−15.5%below the price€158
Minimum−78.2%below the price₹141−86.1%below the price€25.98
Maximum+70.6%above the price₹1,104−8.3%close to the price€171
Median−33.9%below the price₹428−40.4%below the price€111
Geometric mean−35.0%below the price₹420−53.4%below the price€87.01

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%.

Nucleus Software Exports: 15 of 26 models see the stock below the current price.

SAP: 23 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.

Nucleus Software Exports
Price ₹647
Fair Value ₹544
Bear ₹366Bull ₹786
SAP
Price €187
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.

Nucleus Software Exports · Information Technology

Quality score56 · above median
Fair value upside−15.9% · above median

SAP · Information Technology

Quality score82 · Top 25%
Fair value upside−7.6% · above median

Bottom line

As of Oct 2, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: Nucleus Software Exports trades at ₹647 versus a fair value of ₹544 (−15.9%), while SAP trades at €187 versus €172 (−7.6%).

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.