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STOCK COMPARISON

SAP vs VusionGroup: Fair Value & Quality

Both stocks run through our valuation models. Here is how SAP (SAP) and VusionGroup (VU) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: SAP trades at €186 versus a fair value of €159 (-15%), while VusionGroup trades at €135 versus €51.43 (-62%).
SAP
SAP.XETRA · EUR · Information Technology
-15%
upside to fair value
overvalued
Price€186
Fair Value€159
Quality81/100
VusionGroup
VU.PA · EUR · Information Technology
-62%
upside to fair value
overvalued
Price€135
Fair Value€51.43
Quality41/100
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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

SAPVusionGroup
Valuation
29.9×P/E (TTM)16.8×
6.68×P/S (TTM)1.76×
5.57×P/B10.41× · book value is mostly goodwill
21.1×EV/EBITDA13.4×
1.37×PEG2.70×
−14.7%Fair value upside−61.9%
1.3%Dividend yield0.7%
€2.50Dividend per share€0.90
Profitability
30%Operating margin11%
1.16×EBIT margin trend (5Y)n/a
16%Return on equity41%
9%Return on assets4%
Growth
6%Revenue growth (YoY)57%
6.0%Avg. growth/yr (3Y)31.2%
6.1%Avg. growth/yr (5Y)31.0%
−1.3%Value creation/yrn/a
Balance & size
7.5×Interest coverage (EBIT/interest)2.8×
0.09×Debt / equity0.44×
$249BMarket cap$3B
healthyGrowth qualitymixed

SAP leads: 8 to 5 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.

SAPof which business quality 78 · market factors 55 VusionGroupof which business quality 43 · market factors 41
ProfitabilityMargins and returns on capital today
62
16
Quality GrowthAre margins and returns improving?
76
26
CashflowEarnings quality: real cash, not paper profit
80
87
Fin. StrengthBalance sheet, leverage, solvency risk
79
47
InvestmentDisciplined investing over empire-building
94
22
Low VolatilityCalm price path (market factor)
61
56
MomentumPrice trend over the last 3–12 months (market factor)
63
48
52W MomentumDistance to the 52-week high (market factor)
34
11
Net IssuanceShare count: buybacks or dilution?
84
45

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 familySAPPrice €186VusionGroupPrice €135
DCF Models-14%close to the price€160+140%above the price€324
Earnings-Based-68%below the price€60.32-76%below the price€32.88
Dividend Discount-78%below the price€41.03-93%below the price€9.36
Multiples-21%below the price€147-56%below the price€59.02
Asset-Based-86%below the price€25.68-93%below the price€9.97
Growth DCF-25%below the price€140+214%above the price€424
Economic Profit-63%below the price€69.81-76%below the price€32.88
Growth Earnings-16%below the price€156n/a
Minimum-86%below the price€25.68-93%below the price€9.36
Maximum-14%close to the price€160+214%above the price€424
Median-44%below the price€105-76%below the price€32.88
Geometric mean-55%below the price€83.14-63%below the price€50.32

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%.

SAP: 23 of 26 models see the stock below the current price.

VusionGroup: 7 of 15 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.

SAP
Price €186
Fair Value €159
Bear €109Bull €220
VusionGroup
Price €135
Fair Value €51.43
Bear €43.06Bull €59.80

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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.

SAP · Information Technology

Quality score81 · Top 25%
Fair value upside-15% · above median

VusionGroup · Information Technology

Quality score41 · bottom 25%
Fair value upside-62% · bottom 25%

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: SAP trades at €186 versus a fair value of €159 (-15%), while VusionGroup trades at €135 versus €51.43 (-62%).

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

Open SAP live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.