Software AG
XETRA:SOW

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Software AG
XETRA:SOW
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Price: 36.68 EUR -1.13% Market Closed
Market Cap: 2.7B EUR

Relative Value

The Relative Value of one SOW stock under the Base Case scenario is 48.98 EUR. Compared to the current market price of 36.68 EUR, Software AG is Undervalued by 25%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

SOW Relative Value
Base Case
48.98 EUR
Undervaluation 25%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
34
vs Industry
41
Median 3Y
2.7
Median 5Y
2.7
Industry
2.3
Forward
2.7
vs History
6
vs Industry
4
Median 3Y
155.9
Median 5Y
30.3
Industry
22.1
Forward
26
vs History
6
vs Industry
1
Median 3Y
437.7
Median 5Y
36.3
Industry
16.7
vs History
vs Industry
Median 3Y
-114.5
Median 5Y
5.1
Industry
20.9
vs History
26
vs Industry
57
Median 3Y
1.6
Median 5Y
1.8
Industry
2.8
vs History
22
vs Industry
40
Median 3Y
2.5
Median 5Y
2.6
Industry
2.3
Forward
2.6
vs History
20
vs Industry
52
Median 3Y
3.4
Median 5Y
3.5
Industry
4.6
vs History
7
vs Industry
23
Median 3Y
18.5
Median 5Y
14.1
Industry
12.2
Forward
15.9
vs History
11
vs Industry
16
Median 3Y
31.7
Median 5Y
20.1
Industry
15.7
Forward
20.2
vs History
6
vs Industry
1
Median 3Y
424.8
Median 5Y
38
Industry
15.1
vs History
vs Industry
1
Median 3Y
-569.1
Median 5Y
14.2
Industry
18.1
vs History
38
vs Industry
61
Median 3Y
1.2
Median 5Y
1.2
Industry
2.3

Multiples Across Competitors

SOW Competitors Multiples
Software AG Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
DE
Software AG
XETRA:SOW
2.7B EUR 2.7 158.4 18.5 31.7
US
Microsoft Corp
NASDAQ:MSFT
2.9T USD 11.1 31.4 20.2 24.8
US
Oracle Corp
NYSE:ORCL
388.2B USD 7 31.9 19.3 25.8
US
ServiceNow Inc
NYSE:NOW
195.6B USD 17.1 127.2 91.7 128.5
US
Palo Alto Networks Inc
NASDAQ:PANW
118.2B USD 13.8 94.2 84.1 110
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
105.3B USD 26.6 -5 465 1 057.3 -864.2
US
Fortinet Inc
NASDAQ:FTNT
78.1B USD 13.1 44.7 38.3 40.9
US
VMware Inc
XETRA:BZF1
58B EUR 4.8 46.2 21.3 36
US
Xperi Holding Corp
LSE:0M2A
54.6B USD 145.2 845.1 255.6 386.3
US
Zscaler Inc
NASDAQ:ZS
33.4B USD 13.8 -2 148 -34 298.1 -313.8
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
22.4B USD 8.6 26.3 21.7 23.8
P/E Multiple
Earnings Growth PEG
DE
Software AG
XETRA:SOW
Average P/E: 156.2
158.4
104%
1.5
US
Microsoft Corp
NASDAQ:MSFT
31.4
15%
2.1
US
Oracle Corp
NYSE:ORCL
31.9
30%
1.1
US
ServiceNow Inc
NYSE:NOW
127.2
53%
2.4
US
Palo Alto Networks Inc
NASDAQ:PANW
94.2
4%
23.6
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -5 465 N/A N/A
US
Fortinet Inc
NASDAQ:FTNT
44.7
15%
3
US
V
VMware Inc
XETRA:BZF1
46.2
39%
1.2
US
Xperi Holding Corp
LSE:0M2A
845.1
N/A N/A
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -2 148 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
26.3
16%
1.6
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
DE
Software AG
XETRA:SOW
Average EV/EBITDA: 162.8
18.5
11%
1.7
US
Microsoft Corp
NASDAQ:MSFT
20.2
15%
1.3
US
Oracle Corp
NYSE:ORCL
19.3
24%
0.8
US
ServiceNow Inc
NYSE:NOW
91.7
54%
1.7
US
Palo Alto Networks Inc
NASDAQ:PANW
84.1
49%
1.7
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
1 057.3
179%
5.9
US
Fortinet Inc
NASDAQ:FTNT
38.3
18%
2.1
US
V
VMware Inc
XETRA:BZF1
21.3
19%
1.1
US
Xperi Holding Corp
LSE:0M2A
255.6
N/A N/A
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -34 298.1 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
21.7
12%
1.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
DE
Software AG
XETRA:SOW
Average EV/EBIT: 89.8
31.7
30%
1.1
US
Microsoft Corp
NASDAQ:MSFT
24.8
15%
1.7
US
Oracle Corp
NYSE:ORCL
25.8
28%
0.9
US
ServiceNow Inc
NYSE:NOW
128.5
66%
1.9
US
Palo Alto Networks Inc
NASDAQ:PANW
110
60%
1.8
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -864.2 N/A N/A
US
Fortinet Inc
NASDAQ:FTNT
40.9
18%
2.3
US
V
VMware Inc
XETRA:BZF1
36
30%
1.2
US
Xperi Holding Corp
LSE:0M2A
386.3
N/A N/A
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -313.8 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
23.8
14%
1.7