Securitas AB (SECU-B) Fair Value & Analysis
Industrials · SE · Market cap 96.9B SEK (≈ $10.1B) · ISIN SE0000163594
What is Securitas AB really worth?
A solid business, trading 18% below our fair value of kr 186.34.
Strengths
Risks
For context
Fair value as of: Aug 13, 2026
From 24 valuation models · updated 22 days ago
Share price −0.4% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (kr 104.83 to kr 256.66) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range kr 63.13 – kr 169.90 · fair‑value band kr 104.83 – kr 256.66 · the kr 151.90 price screens below the kr 186.34 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Securitas AB (SECU-B) currently trades at kr 151.90, while our model-based Fair Value estimate is kr 186.34, implying the stock looks roughly 18.5% undervalued today. The Quality Score stands at 58/100 (solid quality), in the Industrials sector. Bull case: the Multiples group reads highest at a median of kr 187.64 per share, and 15 of the 24 models we run sit above the kr 151.90 price. Bear case: the Asset-Based group reads lowest at kr 45.69, and 9 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Securitas AB generated revenue of 152B SEK at a net margin of 3.6%. Revenue declined 8.6% year over year. It earns a return on equity of 13.2%. Net debt stands at 35.4B SEK. Fundamentals as of Aug 13, 2026
Our scenario range runs from kr 104.83 (bear case) to kr 256.66 (bull case); at kr 151.90, 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 10% below its 52-week high and 16% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −7% fair-value upside, at 23%, SECU-B screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly kr 2.82 per share, which is 1.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: Multiples (kr 187.64) versus Asset-Based (kr 45.69). Highest evidence: FCF DCF (78).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 57 · Market factors (momentum, volatility) 55
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Securitas AB (publ) provides security services in North America, Europe, Latin America, Africa, the Middle East, Asia, and Australia. The company operates through three segments: Securitas North America, Securitas Europe, and Securitas Ibero-America.
Full company description
Securitas AB (publ) provides security services in North America, Europe, Latin America, Africa, the Middle East, Asia, and Australia. The company operates through three segments: Securitas North America, Securitas Europe, and Securitas Ibero-America. It provides intelligence services, such as risk intelligence; safety and security services, including aviation security, fire and safety services, mobile security services, and on-site guarding; operation management security services, such as remote video solutions, smart security, and track and trace services; advisory security services comprising corporate risk management; and technology security services, which include electronic security. The company also operates operation centers. Securitas AB (publ) was founded in 1934 and is headquartered in Stockholm, Sweden.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Securitas AB reported revenue of 155B SEK in FY2025 versus 108B SEK in FY2021, a compound +9.5%/yr. Reported net income was 5.1B SEK in FY2025, compounding +13.0%/yr from FY2021.
of which total revenue +7.9 % · buybacks/dilution −2.9 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Securitas Technology Observes the 25th Anniversary of 9/11 Through Support for Friends of Flight 93 National Memorial and Tunnel to Towers F
- Securitas AB (SCTBF) Q2 2026 Earnings Call Highlights: Navigating Growth and Challenges in a ...
- Securitas AB Interim Report Q2 2026 | January-June
- Securitas AB to publish the Interim Report April-June 2026 on July 24, 2026
Peer Group
Security & Protection Services · 108 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 Security & Protection Services median · lower = cheaper
Strength profile in five axes (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.
Similar stocks
10 more Security & Protection Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ASSA ABLOY AB ASSAB | kr 360.50 | kr 269.97 | −25% |
| Verisure plc VSURE | €9.33 | €12.40 | +33% |
| Allegion plc ALLE | $166.11 | $127.80 | −23% |
| Zhejiang Dahua Technology Co 002236 | ¥16.46 | ¥31.47 | +91% |
| MSA Safety Incorporated MSA | $190.34 | $116.42 | −39% |
| ADT Inc ADT | $7.44 | $16.68 | +124% |
| The Brink's Company BCO | $113.12 | $121.18 | +7% |
| Brady Corporation BRC | $93.25 | $72.32 | −22% |
| The GEO Group GEO | $31.81 | $25.50 | −20% |
| Loomis AB LOOMIS | kr 533.00 | kr 496.43 | −7% |
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