Both stocks run through our valuation models. Here is how Opter AB (OPTER) and SAP (SAP) compare, as of Aug 10, 2026.
As of Aug 10, 2026, Fair Value Calculator sees Opter AB as the less overvalued of the two: Opter AB trades at SEK 76.60 versus a fair value of SEK 56.81 (-26%), while SAP trades at €179 versus €126 (-30%).
Opter AB
OPTER.ST · SEK · Information Technology
-26%
upside to fair value
overvalued
PriceSEK 76.60
Fair ValueSEK 56.81
Quality70/100
SAP
SAP.XETRA · EUR · Information Technology
-30%
upside to fair value
overvalued
Price€179
Fair Value€126
Quality81/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Opter ABSAP
Valuation
21.2×P/E (TTM)22.1×
4.36×P/S (TTM)4.98×
12.78×P/B4.16×
16.4×EV/EBITDA15.7×
—PEG1.37×
4.4%Dividend yield1.8%
SEK 3.24Dividend per share€2.50
Profitability
21%Net margin20%
25%Operating margin30%
55%Return on equity16%
32%Return on assets9%
Growth
6%Revenue growth (YoY)6%
14.9%Avg. growth/yr (3Y)6.0%
16.2%Avg. growth/yr (5Y)6.1%
Balance & size
—Debt / equity0.09×
$46MMarket cap$186B
expensiveGrowth qualityhealthy
Opter AB leads: 9 to 3 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.
Opter ABof which business quality 70 · market factors 39SAPof which business quality 78 · market factors 42
ProfitabilityMargins and returns on capital today
94
62
Quality GrowthAre margins and returns improving?
44
76
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
25
94
Low VolatilityCalm price path (market factor)
80
60
MomentumPrice trend over the last 3–12 months (market factor)
28
42
52W MomentumDistance to the 52-week high (market factor)
11
20
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.
Opter AB
DCF ModelsSEK 73.17
Earnings-BasedSEK 50.92
MultiplesSEK 51.86
Asset-BasedSEK 3.85
Growth DCFSEK 67.98
Economic ProfitSEK 38.69
Growth EarningsSEK 74.11
20 of 23 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.
Opter AB
Bear SEK 43.96Fair Value SEK 56.81Bull SEK 96.34
SEK 76.60 = current price (white tick)
SAP
Bear €89.01Fair Value €126Bull €157
€179 = 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.
Opter AB · Information Technology
Quality score70 · Top 25%
Fair value upside-26% · above median
SAP · Information Technology
Quality score81 · Top 25%
Fair value upside-30% · above median
Bottom line
As of Aug 10, 2026, Fair Value Calculator sees Opter AB as the less overvalued of the two: Opter AB trades at SEK 76.60 versus a fair value of SEK 56.81 (-26%), while SAP trades at €179 versus €126 (-30%).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
