F-Secure Oyj (FSECURE) Fair Value & Analysis
Technology · FI · Market cap €360M
Fair value as of: Jul 11, 2026
From 26 valuation models · updated 30 days ago
Fair value updated Jul 11, 2026, revised from €2.01 to €1.97 (−2.0%) since Jun 24, 2026. Share price −6.2% over the past month.
A solid business, currently priced close to our fair value.
What matters now
- The model range is unusually wide (€1.07 to €3.16). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Price vs Fair Value (4 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.
How to read this chart
49‑month range €1.55 – €3.15 · fair‑value band €1.07 – €3.16 · the €1.91 price screens below the €1.97 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.
Analysis
F-Secure Oyj (FSECURE) currently trades at €1.91, while our model-based Fair Value estimate is €1.97, implying the stock looks roughly 3.3% fairly valued today. The Quality Score stands at 58/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, F-Secure Oyj generated revenue of €145M at a net margin of 13.7%. Revenue declined 2.1% year over year. It earns a return on equity of 38.2%. Net debt stands at €149M. Fundamentals as of Jul 11, 2026
Our scenario range runs from €1.07 (bear case) to €3.16 (bull case); at €1.91, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high and 23% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at 3%, FSECURE screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: Growth Earnings (€2.32) versus Asset-Based (€0.2100). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 56
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
F-Secure Oyj operates as a cybersecurity company in Finland and internationally. The company designs and offers security and privacy products and services that help consumers to protect themselves against online threats.
Full company description
F-Secure Oyj operates as a cybersecurity company in Finland and internationally. The company designs and offers security and privacy products and services that help consumers to protect themselves against online threats. It also provides cybersecurity products and services related to endpoint security, privacy protection, password management and digital identity protection, and router security that protects consumers' entire connected home. The company's products include F-Secure Total, an online protection app; F-Secure Internet Security, an antivirus; F-Secure VPN; F-Secure ID Protection, used to protect passwords and online identity; and F-Secure Scam Protection. F-Secure Oyj was founded in 1988 and is headquartered in Helsinki, Finland.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
F-Secure Oyj reported revenue of €146M in FY2025 versus €106M in FY2021, a compound +8.2%/yr. Reported net income was €22.4M in FY2025, compounding −10.2%/yr from FY2021.
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Peer Group
Software - Infrastructure · 370 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Software - Infrastructure median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Jul 11, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Microsoft Corporation MSFT | $384.00 | $274.17 | -29% |
| Oracle Corporation ORAC | C$9.08 | C$2.94 | -68% |
| Fortinet, Inc FTNT | $160.78 | $44.96 | -72% |
| Synopsys, Inc 1SNPS | €354.50 | €93.61 | -74% |
| Block, Inc XYZ | A$114.53 | A$70.69 | -38% |
| CoreWeave, Inc CRWV | $79.94 | $44.89 | -44% |
| Range Intelligent Computing Technology Group 300442 | ¥71.60 | ¥34.00 | -53% |
| Oracle Financial Services Software Limited OFSS | ₹11,651 | ₹5,821 | -50% |
| 360 Security Technology Inc 601360 | ¥9.64 | ¥5.05 | -48% |
| One97 Communications Limited PAYTM | ₹1,342 | ₹181.50 | -86% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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