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STOCK COMPARISON

Paylocity Holding vs SAP: Fair Value & Quality

Both stocks run through our valuation models. Here is how Paylocity Holding (PCTY) and SAP (SAP) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: Paylocity Holding trades at $154 versus a fair value of $119 (-23%), while SAP trades at €186 versus €170 (-9%).
Paylocity Holding
PCTY · USD · Information Technology
-23%
upside to fair value
overvalued
Price$154
Fair Value$119
Quality69/100
SAP
SAP.XETRA · EUR · Information Technology
-9%
upside to fair value
fairly valued
Price€186
Fair Value€170
Quality81/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Paylocity HoldingSAP
Valuation
26.9×P/E (TTM)22.1×
3.91×P/S (TTM)5.01×
5.47×P/B4.18×
15.9×EV/EBITDA15.8×
0.99×PEG1.37×
−23.1%Fair value upside−8.7%
1.2%Dividend yield1.3%
—Dividend per share€2.50
Profitability
31%Operating margin30%
1.62×EBIT margin trend (5Y)1.16×
22%Return on equity16%
4%Return on assets9%
Growth
11%Revenue growth (YoY)6%
23.2%Avg. growth/yr (3Y)6.0%
23.2%Avg. growth/yr (5Y)6.1%
+29.5%Value creation/yr+8.8%
Balance & size
23.3×Interest coverage (EBIT/interest)7.5×
0.13×Debt / equity0.09×
$7BMarket cap$187B
healthyGrowth qualityhealthy

Paylocity Holding leads: 8 to 7 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.

Paylocity Holdingof which business quality 67 · market factors 60 SAPof which business quality 78 · market factors 45
ProfitabilityMargins and returns on capital today
47
62
Quality GrowthAre margins and returns improving?
60
76
CashflowEarnings quality: real cash, not paper profit
86
80
Fin. StrengthBalance sheet, leverage, solvency risk
64
79
InvestmentDisciplined investing over empire-building
62
94
Low VolatilityCalm price path (market factor)
71
61
MomentumPrice trend over the last 3–12 months (market factor)
64
43
52W MomentumDistance to the 52-week high (market factor)
40
28
Net IssuanceBuybacks instead of dilution
85
84

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 familyPaylocity HoldingPrice $154SAPPrice €186
DCF Models+16%above the price$178-20%below the price€149
Earnings-Based-30%below the price$108-68%below the price€60.32
Dividend Discount-86%below the price$21.25-78%below the price€41.03
Multiples-36%below the price$98.49-21%below the price€147
Asset-Based-90%below the price$15.44-86%below the price€25.68
Growth DCF+2%close to the price$157-30%below the price€131
Economic Profit-63%below the price$56.63-62%below the price€69.81
Growth Earnings+1%close to the price$156-16%below the price€156
Minimum-90%below the price$15.44-86%below the price€25.68
Maximum+16%above the price$178-16%below the price€156
Median-33%below the price$103-46%below the price€100
Geometric mean-52%below the price$73.70-56%below the price€81.68

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%.

Paylocity Holding: 16 of 26 models see the stock below the current price.

SAP: 24 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.

Paylocity Holding
Bear $89.08Fair Value $119Bull $153
$154 = current price (white tick)
SAP
Bear €104Fair Value €170Bull €220
€186 = 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.

Paylocity Holding · Information Technology

Quality score69 · Top 25%
Fair value upside-23% · above median

SAP · Information Technology

Quality score81 · Top 25%
Fair value upside-9% · above median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees SAP as the less overvalued of the two: Paylocity Holding trades at $154 versus a fair value of $119 (-23%), while SAP trades at €186 versus €170 (-9%).

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

See the full analysis →
Paylocity Holding · SAP

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