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STOCK COMPARISON

PT Topindo Solusi Komunika Tbk vs SAP: Fair Value & Quality

Both stocks run through our valuation models. Here is how PT Topindo Solusi Komunika Tbk (TOSK) and SAP (SAP) compare, as of Aug 11, 2026.

As of Aug 11, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: PT Topindo Solusi Komunika Tbk trades at IDR 69 versus a fair value of IDR 28 (-60%), while SAP trades at €179 versus €126 (-30%).
PT Topindo Solusi Komunika Tbk
TOSK.JK · IDR · Technology
-60%
upside to fair value
overvalued
PriceIDR 69
Fair ValueIDR 28
Quality39/100
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).

PT Topindo Solusi Komunika TbkSAP
Valuation
P/E (TTM)22.1×
P/S (TTM)4.98×
P/B4.16×
EV/EBITDA15.7×
PEG1.37×
Dividend yield1.8%
Dividend per share€2.50
Profitability
0%Net margin20%
0%Operating margin30%
3%Return on equity16%
3%Return on assets9%
Growth
-1%Revenue growth (YoY)6%
-3.3%Avg. growth/yr (3Y)6.0%
Avg. growth/yr (5Y)6.1%
Balance & size
0.01×Debt / equity0.09×
$29MMarket cap$186B
mixedGrowth qualityhealthy

SAP leads: 1 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.

PT Topindo Solusi Komunika Tbkof which business quality 43 · market factors 47 SAPof which business quality 78 · market factors 42
ProfitabilityMargins and returns on capital today
40
62
Quality GrowthAre margins and returns improving?
30
76
CashflowEarnings quality: real cash, not paper profit
34
80
Fin. StrengthBalance sheet, leverage, solvency risk
72
79
InvestmentDisciplined investing over empire-building
32
94
Low VolatilityCalm price path (market factor)
25
60
MomentumPrice trend over the last 3–12 months (market factor)
59
42
52W MomentumDistance to the 52-week high (market factor)
50
20
Net IssuanceBuybacks instead of dilution
41
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.

PT Topindo Solusi Komunika Tbk

Earnings-BasedIDR 16
Dividend DiscountIDR 5
MultiplesIDR 34
Asset-BasedIDR 24
Economic ProfitIDR 24
Growth EarningsIDR 28

14 of 14 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.

PT Topindo Solusi Komunika Tbk
Bear IDR 27Fair Value IDR 28Bull IDR 36
IDR 69 = 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.

PT Topindo Solusi Komunika Tbk · Technology

Quality score39 · bottom 25%
Fair value upside-60% · below median

SAP · Information Technology

Quality score81 · Top 25%
Fair value upside-30% · above median

Bottom line

As of Aug 11, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: PT Topindo Solusi Komunika Tbk trades at IDR 69 versus a fair value of IDR 28 (-60%), while SAP trades at €179 versus €126 (-30%).

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

See the full analysis →

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