secunet Security Networks Aktiengesellschaft (0NWC) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of secunet Security Networks Aktiengesellschaft €182, price €244, upside -25.3%, quality 70 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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secunet Security Networks Aktiengesellschaft
0NWC · LSEOvervalued / MonitorQuality growthQuality is not strong enough to offset the price risk.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range €88.75 – €560.38 · fair‑value band €127.28 – €236.38 · the €243.50 price screens above the €181.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Company profile
secunet Security Networks Aktiengesellschaft operates as a cybersecurity company in Germany and internationally. It operates in Public Sector and Business Sector segments.
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secunet Security Networks Aktiengesellschaft operates as a cybersecurity company in Germany and internationally. It operates in Public Sector and Business Sector segments. The company provides safety audits and analyses; Biomiddle, a middleware for biometrics and eID applications; Bocoa, a digital ID tool; Easygate, an automated border control system; Easykiosk, a self-service kiosk system; SINA workstations to process classified data; Artificial Intelligence; EID public key infrastructure suite to secure digital processes; and GRT platinum edition, a readout tool for sovereign ID documents. It offers Easytower for facial images for all stationary applications; Secunet Edge, a cloud based service; Globaltester, a tool for conformity testing; hardware security modules; secunet konnektor for healthcare telematics; Protect4use to protect digital identity; IT security outsourcing; and Session Border Controller for secure VoIP telephony. In addition, the company offers Secunet Monitor KRITIS, an attack detection solution; SINA Communicator H, a multi-crypto phone; SINA Workflow, digital management of classified information; Stashcat, a secure messaging for police, public authorities, and companies; identity and access management solutions; incident response solutions; systems for modern police work; SINA L2 box to transfer data; SINA L3 box for encrypted information transfer; and SINA Mobile for smartphones. Further, it provides a business continuity management system; security awareness campaign; awareness training and biometric solutions; crypto services and cybersecurity situation; data protection management; information security management; secure web solutions; EES for air, land, and sea borders; security analyses and penetration tests; test lab for IT-conformity. The company was founded in 1997 and is headquartered in Essen, Germany.
Stock analysis
secunet Security Networks Aktiengesellschaft (0NWC) currently trades at €243.50, while our model-based Fair Value estimate is €181.82, 25.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €135.61 per share, and 0 of the 24 models we run sit above the €243.50 price.
Bear case: the Economic Profit group reads lowest at €38.67, and 24 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: €127.28 (bear) to €236.38 (bull), the price of €243.50 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 70/100 (solid quality), in the Energy sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
secunet Security Networks Aktiengesellschaft reported revenue of €459M in FY2025 versus €338M in FY2021, a compound +8.0%/yr. Reported net income was €33.3M in FY2025, compounding −6.2%/yr from FY2021.
Key figures
Market cap €1.6B · P/E ratio 0.2 · P/S ratio 0.02 · EPS (TTM) €6.66 · Net margin 7.3% · Return on equity 21.0% · Return on assets (EBIT) 15.0% · Operating margin −11.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 2% below its 52-week high and 53% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −20% fair-value upside, at −25%, 0NWC screens richer than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 70 · Market factors (momentum, volatility) 65
Revenue & earnings trend
Growth Forecast
0NWC screens overvalued: fair value 25% below the price. Compare with Saudi Arabian Oil Company →
Compare secunet Security Networks Aktiengesellschaft with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Integrated Oil & Gas” was too small, so the broader sector is used.)Energy · 944 stocks
Valuation Multiplesvs Energy median · lower = cheaper
Context: sector, industry, market
- Is the Energy sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Energy
- Undervalued stocks: UK Stocks
- Valuation of the UK market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Integrated Oil & Gas stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Saudi Arabian Oil Company 2222 | 25.28 SAR | 20.14 SAR | −20% |
| Exxon Mobil Corporation XOM | $162.75 | $90.40 | −44% |
| Chevron Corporation CVX | $204.38 | $92.05 | −55% |
| PetroChina Company 601857 | ¥11.21 | ¥15.47 | +38% |
| TotalEnergies SE TTE | €74.51 | €70.97 | −5% |
| Reliance Industries Limited RELIANCE | ₹1,168 | ₹865.31 | −26% |
| China Shenhua Energy Company 601088 | ¥48.03 | ¥31.96 | −33% |
| ConocoPhillips explores for, COP | $127.06 | $91.42 | −28% |
| CNOOC Limited 0883 | HK$23.40 | HK$39.91 | +71% |
| Petróleo Brasileiro S.A PBR | $20.37 | $28.71 | +41% |
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Key figures of secunet Security Networks Aktiengesellschaft
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