ICTS International N.V (ICTSF) fair value: what the stock is really worth
As of Nov 10, 2026: fair value (intrinsic value) of ICTS International N.V stock $6.38, price $5.99, upside +6.5%, quality 55 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.
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ICTS International N.V
ICTSF · USThe stock costs about what our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.
How to read this chart
60‑month range $3.10 – $9.79 · fair‑value band $4.79 – $7.98 · the $5.99 price screens below the $6.38 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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Company profile
ICTS International N.V. provides airport security and other aviation services, and authentication technology services in the Netherlands, Germany, the United States of America, Israel, Spain, and internationally.
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It offers aviation security services, such as security screening, behavior detection on crowds and queues, perimeter guarding/ patrolling, CCTV surveillance and/or alarm resolution, and vehicle marshalling.
It also provides above wing security services, such as security interviewing, behavior detection, and escort of valuables and weapons; and handling services.
In addition, it offers below wing services, comprising ramp and door guarding, interior and exterior searches, catering and bag room guarding, and selectee search; cargo security services, which include cargo screening, explosives detection dogs, access control, services; private charter flight and cargo security screening, catering and aircraft Security Screening, aircraft search, and employee screening services; general security services, which comprise security search and screening, access control, perimeter guarding/patrolling, security host and reception, and CCTV surveillance and/or alarm resolution services; and training/consulting/auditing services.
Further, it offers aviation security technology, including New Advanced Passenger Screening (NAPS), an IT-system that enables pre-departure analysis of passenger information, and X-Check and I-Check that supports airline staff, security or filtering agents with customer processing; SaaS for identity verification and fraud prevention from physical and digital ID documents; and non-security services, such as agent, guard, queue monitors, aircraft cleaning, janitorial, skycap passengers luggage, wheelchair attendant, baggage handling, cruise line baggage transfer, VIP meet and greet services, equipment for passengers, and shuttle services to airline crews.
The company was founded in 1982 and is based in Schiphol, the Netherlands.
Stock analysis
ICTS International N.V (ICTSF) currently trades at $5.99, while our estimate is $6.38, so the stock looks roughly fairly valued today (gap 6.1%).
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Valuation
None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.
Scenario range: $4.79 (bear) to $7.98 (bull), the price of $5.99 sits inside 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 55/100 (solid quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
ICTS International N.V reported revenue of $534M in FY2025 versus $325M in FY2021, a compound +13.2%/yr. Reported net income was −$14.3M in FY2025.
Key figures
Market cap $206M Micro · P/S ratio 0.37 · EPS (TTM) $−0.3900 · Net margin −2.7% · Return on equity −24.6% · Return on assets (EBIT) 3.3% (5-year average) · Operating margin −2.5% · Revenue (TTM) $534M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 11 out of 100 (medium confidence).
What moves the price
The share trades about 7% below its 52-week high and 93% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at 7%, ICTSF screens cheaper than that median.
Fair Value
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
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Compare ICTS International N.V with another stock
Price, fair value, quality and upside side by side.
Peer Groupⓘ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.Airports & Air Services · 51 stocks
Valuation Multiplesvs Airports & Air Services median · lower = cheaper
Strength profile in five axes (Snowflake)
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- P/S ratio by industry
- EBIT margin by industry
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Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Airports & Air Services stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Shanghai International Airport Co 600009 | ¥24.46 | ¥26.91 | +10% | vs ICTSF |
| Aena S.M.E., S.A AENA | €28.96 | €31.11 | +7% | vs ICTSF |
| Flughafen Wien Aktiengesellschaft, FLU | €52.20 | €46.33 | −11% | vs ICTSF |
| Airports of Thailand Public Company AOT | 61.25 THB | 54.20 THB | −12% | vs ICTSF |
| Joby Aviation, Inc JOBY | $5.92 | $3.70 | −38% | vs ICTSF |
| Flughafen Zürich AG FHZN | CHF 217.60 | CHF 125.92 | −42% | vs ICTSF |
| Fraport AG FRA | €70.75 | €35.02 | −51% | vs ICTSF |
| Auckland International Airport Limited AIA | A$7.34 | A$3.25 | −56% | vs ICTSF |
| Københavns Lufthavne A/S KBHL | kr 5,600 | kr 1,891 | −66% | vs ICTSF |
| GMR Airports Limited GMRINFRA | ₹99.00 | ₹18.95 | −81% | vs ICTSF |
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Key figures of ICTS International N.V
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