STOCK COMPARISON
Vercom vs SAP: Fair Value & Quality
Both stocks run through our valuation models. Here is how Vercom (VRC) and SAP (SAP) compare, as of Aug 10, 2026.
As of Aug 10, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: Vercom trades at PLN 135 versus a fair value of PLN 75.84 (-44%), while SAP trades at €178 versus €126 (-29%).
Vercom
VRC.WAR · PLN · Information Technology
-44%
upside to fair value
overvalued
PricePLN 135
Fair ValuePLN 75.84
Quality80/100
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).
VercomSAP
Valuation
31.2×P/E (TTM)22.1×
1.58×P/S (TTM)4.98×
1.90×P/B4.16×
5.7×EV/EBITDA15.7×
—PEG1.37×
2.2%Dividend yield1.8%
PLN 2.73Dividend per share€2.50
Profitability
19%Net margin20%
24%Operating margin30%
21%Return on equity16%
12%Return on assets9%
Growth
11%Revenue growth (YoY)6%
21.9%Avg. growth/yr (3Y)6.0%
26.8%Avg. growth/yr (5Y)6.1%
Balance & size
0.14×Debt / equity0.09×
$763MMarket cap$186B
mixedGrowth qualityhealthy
Vercom leads: 9 to 4 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.
Vercomof which business quality 78 · market factors 56
SAPof which business quality 78 · market factors 41
ProfitabilityMargins and returns on capital today
76
62
Quality GrowthAre margins and returns improving?
61
76
CashflowEarnings quality: real cash, not paper profit
78
80
Fin. StrengthBalance sheet, leverage, solvency risk
90
79
InvestmentDisciplined investing over empire-building
85
94
Low VolatilityCalm price path (market factor)
76
60
MomentumPrice trend over the last 3–12 months (market factor)
44
41
52W MomentumDistance to the 52-week high (market factor)
55
20
Net IssuanceBuybacks instead of dilution
74
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.
Vercom
DCF ModelsPLN 127
Earnings-BasedPLN 120
Dividend DiscountPLN 33.34
MultiplesPLN 66.75
Asset-BasedPLN 12.23
Growth DCFPLN 113
Economic ProfitPLN 58.25
Growth EarningsPLN 145
20 of 26 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.
Vercom
Bear PLN 57.00Fair Value PLN 75.84Bull PLN 149
PLN 135 = 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.
Vercom · Information Technology
Quality score80 · Top 25%
Fair value upside-44% · below 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 SAP as the less overvalued of the two: Vercom trades at PLN 135 versus a fair value of PLN 75.84 (-44%), 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.
