WallStSmart

Pubmatic Inc (PUBM)vsSAP SE ADR (SAP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

SAP SE ADR generates 13108% more annual revenue ($38.19B vs $289.17M). SAP leads profitability with a 20.4% profit margin vs -4.7%. SAP appears more attractively valued with a PEG of 1.64. SAP earns a higher WallStSmart Score of 64/100 (C+).

PUBM

Avoid

33

out of 100

Grade: F

Growth: 4.0Profit: 2.5Value: 5.7Quality: 6.0
Piotroski: 4/9Altman Z: 1.25

SAP

Buy

64

out of 100

Grade: C+

Growth: 7.3Profit: 8.5Value: 4.0Quality: 8.0
Piotroski: 6/9Altman Z: 3.11
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

PUBMUndervalued (+62.8%)

Margin of Safety

+62.8%

Fair Value

$17.69

Current Price

$16.49

$1.20 discount

UndervaluedFair: $17.69Overvalued
SAPSignificantly Overvalued (-30.1%)

Margin of Safety

-30.1%

Fair Value

$151.01

Current Price

$206.36

$55.35 premium

UndervaluedFair: $151.01Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

PUBM1 strengths · Avg: 9.0/10
Debt/EquityHealth
0.179/10

Conservative balance sheet, low leverage

SAP6 strengths · Avg: 9.0/10
Market CapQuality
$248.28B10/10

Mega-cap, among the largest globally

Altman Z-ScoreHealth
3.1110/10

Safe zone — low bankruptcy risk

Profit MarginProfitability
20.4%9/10

Keeps 20 of every $100 in revenue as profit

Debt/EquityHealth
0.229/10

Conservative balance sheet, low leverage

Operating MarginProfitability
27.6%8/10

Strong operational efficiency at 27.6%

EPS GrowthGrowth
30.6%8/10

Earnings expanding 30.6% YoY

Areas to Watch

PUBM4 concerns · Avg: 2.5/10
Market CapQuality
$751.58M3/10

Smaller company, higher risk/reward

Operating MarginProfitability
0.7%3/10

Operating margin of 0.7%

PEG RatioValuation
5.342/10

Expensive relative to growth rate

Return on EquityProfitability
-5.7%2/10

ROE of -5.7% — below average capital efficiency

SAP3 concerns · Avg: 3.3/10
PEG RatioValuation
1.644/10

Expensive relative to growth rate

P/E RatioValuation
27.8x4/10

Moderate valuation

Price/BookValuation
64.9x2/10

Trading at 64.9x book value

Comparative Analysis Report

WallStSmart Research

Bull Case : PUBM

The strongest argument for PUBM centers on Debt/Equity. Revenue growth of 10.5% demonstrates continued momentum.

Bull Case : SAP

The strongest argument for SAP centers on Market Cap, Altman Z-Score, Profit Margin. Profitability is solid with margins at 20.4% and operating margin at 27.6%.

Bear Case : PUBM

The primary concerns for PUBM are Market Cap, Operating Margin, PEG Ratio.

Bear Case : SAP

The primary concerns for SAP are PEG Ratio, P/E Ratio, Price/Book.

Key Dynamics to Monitor

PUBM profiles as a turnaround stock while SAP is a mature play — different risk/reward profiles.

PUBM carries more volatility with a beta of 1.58 — expect wider price swings.

PUBM is growing revenue faster at 10.5% — sustainability is the question.

SAP generates stronger free cash flow (3.0B), providing more financial flexibility.

Bottom Line

SAP scores higher overall (64/100 vs 33/100), backed by strong 20.4% margins. PUBM offers better value entry with a 62.8% margin of safety. Both earn "Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Pubmatic Inc

TECHNOLOGY · SOFTWARE - APPLICATION · USA

PubMatic, Inc. provides a cloud infrastructure platform that enables real-time programmatic ad transactions for Internet content creators and advertisers around the world. The company is headquartered in Redwood City, California.

SAP SE ADR

TECHNOLOGY · SOFTWARE - APPLICATION · USA

SAP SE is a global enterprise application software company. The company is headquartered in Walldorf, Germany.

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