STOCK COMPARISON
Roche Holding vs SAP: Fair Value & Quality
Both stocks run through our valuation models. Here is how Roche Holding (ROP) and SAP (SAP) compare, as of Aug 10, 2026.
As of Aug 10, 2026, Fair Value Calculator sees Roche Holding as the less overvalued of the two: Roche Holding trades at CHF 367 versus a fair value of CHF 357 (-3%), while SAP trades at €178 versus €126 (-29%).
Roche Holding
ROP.SW · CHF · Health Care
-3%
upside to fair value
fairly valued
PriceCHF 367
Fair ValueCHF 357
Quality76/100
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).
Roche HoldingSAP
Valuation
20.6×P/E (TTM)22.1×
5.13×P/S (TTM)4.98×
9.61×P/B4.16×
14.4×EV/EBITDA15.7×
1.43×PEG1.37×
3.0%Dividend yield1.8%
CHF 9.80Dividend per share€2.50
Profitability
20%Net margin20%
30%Operating margin30%
37%Return on equity16%
13%Return on assets9%
Growth
-0%Revenue growth (YoY)6%
-2.2%Avg. growth/yr (3Y)6.0%
1.1%Avg. growth/yr (5Y)6.1%
Balance & size
0.81×Debt / equity0.09×
$325BMarket cap$186B
weakGrowth qualityhealthy
SAP leads: 6 to 8 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.
Roche Holdingof which business quality 73 · market factors 82
SAPof which business quality 78 · market factors 42
ProfitabilityMargins and returns on capital today
77
62
Quality GrowthAre margins and returns improving?
61
76
CashflowEarnings quality: real cash, not paper profit
81
80
Fin. StrengthBalance sheet, leverage, solvency risk
63
79
InvestmentDisciplined investing over empire-building
74
94
Low VolatilityCalm price path (market factor)
90
60
MomentumPrice trend over the last 3–12 months (market factor)
67
42
52W MomentumDistance to the 52-week high (market factor)
97
20
Net IssuanceBuybacks instead of dilution
81
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.
Roche Holding
DCF ModelsCHF 308
Earnings-BasedCHF 243
Dividend DiscountCHF 177
MultiplesCHF 362
Asset-BasedCHF 32.87
Growth DCFCHF 276
Economic ProfitCHF 206
Growth EarningsCHF 323
21 of 25 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.
Roche Holding
Bear CHF 227Fair Value CHF 357Bull CHF 514
CHF 367 = current price (white tick)
SAP
Bear €89.01Fair Value €126Bull €157
€178 = current price (white tick)
Compare two other stocks
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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.
Roche Holding · Health Care
Quality score76 · Top 25%
Fair value upside-3% · above 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 Roche Holding as the less overvalued of the two: Roche Holding trades at CHF 367 versus a fair value of CHF 357 (-3%), while SAP trades at €178 versus €126 (-29%).
SAP has the higher quality score (81/100).
See the full analysis →
More comparisons
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
