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Security National Financial (SNFCA) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Security National Financial $14.37, price $8.62, upside +66.7%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? Yes
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Financial Services · US · ISIN US8147853092

SN Security National Financial logo Broad data Sep 23, 2026

Security National Financial

SNFCA · US

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value $14.37 · Strongly undervalued (+67%)
!Quality 50/100
!Mixed Growth (revenue YoY +4106.2 %/yr)
!Thin margins · 9.6% net margin (TTM)
✓Low debt · generates free cash flow
✓Ranks above peers (8/13)
!Narrow moat 43/100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$11.63 $4.70 Fair Value $14.37 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range $4.70 – $11.63 · fair‑value band $13.91 – $14.53 · the $8.62 price screens below the $14.37 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

Security National Financial Corporation engages in the life insurance, cemetery and mortuary, and mortgage businesses. The company's Life Insurance segment is involved in selling and servicing lines of life insurance, annuity products, and accident and health insurance.

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Security National Financial Corporation engages in the life insurance, cemetery and mortuary, and mortgage businesses. The company's Life Insurance segment is involved in selling and servicing lines of life insurance, annuity products, and accident and health insurance. It offers various life insurance products, including funeral plans and interest-sensitive life insurance, as well as other traditional life, accident, and health insurance products; and annuity products comprising single and flexible premium deferred annuities, and immediate annuities. This segment also cedes and assumes various risks with various authorized unaffiliated reinsurers pursuant to reinsurance treaties. Its cemetery and mortuary segment consists of eleven mortuaries and five cemeteries in the state of Utah, one cemetery in the state of California, and one cemetery and four mortuaries in the state of New Mexico. This segment also offers plots, interment vaults, mausoleum crypts, markers, caskets, urns, and other death care related products; and provides professional services of funeral directors, opening and closing of graves, use of chapels and viewing rooms, and use of automobiles and clothing, as well as engages in pre-need selling of funeral, cemetery, mortuary, and cremation services. The company's Mortgages segment originates and underwrites residential and commercial loans for new construction, existing homes, and real estate projects primarily in Florida, Arizona, Nevada, Texas, and Utah. It offers residential mortgage lending services to real estate brokers and builders, as well as directly to consumers. Security National Financial Corporation was founded in 1965 and is headquartered in Salt Lake City, Utah.

Stock analysis

Security National Financial (SNFCA) currently trades at $8.62, while our model-based Fair Value estimate is $14.37, implying the stock looks roughly 40.0% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of $18.62 per share, and 4 of the 4 models we run sit above the $8.62 price.

Bear case: the Asset-Based group reads lowest at $12.25, and 0 of the 4 models stay below the price. Evidence for this calculation is high.

Scenario range: $13.91 (bear) to $14.53 (bull), the price of $8.62 sits below 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 50/100 (solid quality), in the Financial Services sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Security National Financial reported revenue of $345M in FY2025 versus $9.4M in FY2021, a compound +146.2%/yr. Reported net income was $32.2M in FY2025, compounding −5.0%/yr from FY2021.

Key figures

Market cap $249M · P/E ratio 7.5 · P/S ratio 0.70 · EPS (TTM) $1.28 · Net margin 9.3% · Return on equity 8.5% · Return on assets (EBIT) 2.4% · Operating margin 12.6%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

What moves the price

The share trades about 14% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −35% fair-value upside, at 67%, SNFCA screens cheaper than that median.

Fair Value models

Bear $13.91 Fair Value $14.37 Bull $14.53
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($0.9398 per share) are deliberately not added. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Residual Income $13.61 $13.95 $13.74 68
P/E Multiple $13.96 $18.62 $23.27 63
P/B Multiple $18.26 $24.35 $30.43 55
All 4 models by family
Multiples
P/E Multiple $13.96 $18.62 $23.27 63
P/B Multiple $18.26 $24.35 $30.43 55
Asset-Based
NCAV (Graham) $9.14 $12.25 $18.28 54
Economic Profit
Residual Income $13.61 $13.95 $13.74 68

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Quality Score breakdown

Overall quality 50/100

Of which business quality 52 · Market factors (momentum, volatility) 54

Profitability 29
Margins and returns on capital today
Quality Growth 71
Are margins and returns improving?
Cashflow 68
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 76
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 49
Distance to the 52-week high (market factor)
Net Issuance 23
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 90/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−5.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.0%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−5% vs 7%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.15% → 12%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 28.1%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.

Growth Forecast

Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−19.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −21.0% a year for the price.

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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.Insurance - Life · 95 stocks

Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 52 · Below median
Fair Value upside +67% · Top 25%
Profitability
Return on equity (TTM) 8% · Below median
Return on assets 2% · Above median
Net margin (TTM) 10% · Above median
Operating margin (TTM) 13% · Below median
Growth and dividend
Revenue growth −4% · Bottom 25%
Balance sheet
Debt / equity 0.23× · Below median

Valuation Multiplesvs Insurance - Life median · lower = cheaper

P/E (TTM) 7.5× · Cheaper than median
P/B 0.61× · Cheapest 25%
P/S (TTM) 0.73× · Cheaper than median
P/FCF 5.7× · Pricier than median
EV/EBITDA 4.3× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 9
FUTURE (revenue growth)0 · sector 43
PAST (return on equity)34 · sector 43
HEALTH (low debt)89 · sector 84
DIVIDEND (yield)0 · sector 56

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Insurance - Life stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
China Life Insurance Company 601628 ¥38.60 ¥49.98 +29%
Ping An Insurance (Group) Company 601318 ¥53.87 ¥66.20 +23%
AIA Group 1299 HK$75.35 HK$41.68 −45%
Manulife Financial Corporation MFC $43.60 $27.43 −37%
Aflac Incorporated AFL $115.23 $67.96 −41%
MetLife, Inc MET $97.20 $53.26 −45%
Great-West Lifeco Inc GWO C$92.75 C$41.81 −55%
Life Insurance Corporation LICI ₹407.50 ₹392.93 −4%
Samsung Life Insurance Co 032830 294,500 KRW 191,293 KRW −35%
Cathay Financial Holding 2882 110.50 TWD 72.33 TWD −35%

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Security National Financial · Fair Value
$14.37 +40%Fair Value
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Cite: Fair Value Calculator (2026). "Security National Financial Fair Value". https://www.fairvalue-calculator.com/stock/SNFCA

Frequently asked questions

Is Security National Financial (SNFCA) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $14.37 versus a price of $8.62, about +67% upside (undervalued).
What is the fair value of SNFCA?
Our model-based fair value for Security National Financial is $14.37 (as of Sep 23, 2026), built from audited fundamentals. The current price: $8.62.
What is the quality score of SNFCA?
Security National Financial has a Quality Score of 50/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Security National Financial (SNFCA)?
Our model-based price target is the fair value of $14.37 (as of Sep 23, 2026) from 4 valuation models. Cautious scenario $13.91, optimistic scenario $14.53. It is a calculation from audited fundamentals, not an analyst target.
What is the Security National Financial stock forecast for 2026?
Our models put fair value at $14.37, about +67% upside versus a price of $8.62 (undervalued). Cautious scenario $13.91, optimistic scenario $14.53. The calculation is refreshed regularly with new filings.
What is the revenue of Security National Financial (SNFCA)?
Security National Financial reported trailing-twelve-month revenue of about $342M (latest available figure, as of Sep 23, 2026).
What growth is priced into Security National Financial (SNFCA)?
For today's price to be fair in a discounted-cash-flow model, Security National Financial would have to grow free cash flow by -19.1 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -6.5 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of SNFCA use?
Our models discount Security National Financial at 11.8 %: a base by market capitalisation (micro), damped by beta 0.70, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Security National Financial that is -19.1 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Security National Financial (SNFCA) delivered so far?
Over the past 5 years revenue at Security National Financial grew -6.5 % a year. The price currently implies -19.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Security National Financial (SNFCA) growing?
The median revenue growth in the sector is +8.3 % a year. That is the yardstick for the growth priced into Security National Financial (-19.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Security National Financial (SNFCA)?
The free-cash-flow yield on the price is 19.96 %: that much free cash flow Security National Financial produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Security National Financial (SNFCA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Security National Financial it is $14.37 per share (as of Sep 23, 2026), against a price of $8.62. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Security National Financial stock overvalued or undervalued in 2026?
As of Sep 23, 2026, SNFCA trades below its calculated fair value: price $8.62, fair value $14.37, a gap of about +67% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SNFCA?
No. The price is what the market pays today ($8.62); the fair value is what the company's own numbers justify ($14.37). For Security National Financial the two are $5.75 per share apart. That gap is exactly why we show both numbers side by side.
How much is Security National Financial worth?
The market values Security National Financial at about $249M (market capitalisation, as of Sep 23, 2026). Per share that is $8.62; our models calculate a fair value of $14.37 per share.
What do the bullish and bearish scenarios say about SNFCA?
Our models span a range for Security National Financial: cautious scenario $13.91, base $14.37, optimistic $14.53 per share (as of Sep 23, 2026, price $8.62). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SNFCA?
Security National Financial trades at a price-to-earnings ratio of 7.5 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $14.37 is built from several models across several years. Other multiples: P/B 0.6, P/S 0.7, EV/EBITDA 4.3.
How solid is the balance sheet of Security National Financial (SNFCA)?
Balance-sheet figures for Security National Financial (as of Sep 23, 2026): return on equity 8.5%, debt of 0.23 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is SNFCA from its 52-week high?
Security National Financial trades at $8.62, about 14% below its 52-week high of $9.98 and 22% above the low of $7.04 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $14.37 is for.
Which stocks are comparable to Security National Financial?
From the same area (Financial Services) we also value China Life Insurance Company, Ping An Insurance (Group) Company, AIA Group, Manulife Financial Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Security National Financial stock attractive at the current price?
The data as of Sep 23, 2026: price $8.62, calculated fair value $14.37 (+67%), Quality Score 50/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SNFCA calculated?
We run Security National Financial through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $14.37, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Security National Financial currently trades 67 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Security National Financial (SNFCA)?
The closing price on Sep 23, 2026 was $8.62. Our model-based fair value is $14.37, about +67% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Security National Financial right now?
The price is below even our cautious bear case ($13.91). The market is more pessimistic than our downside scenario. Solid quality (50/100) at a price below fair value, the discount is the argument here, not the business quality. The models converge in a tight band ($13.91 to $14.53), unusually little disagreement for a valuation. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Security National Financial (SNFCA) come from?
Earnings per share at Security National Financial grew +6.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share −9.9 %, EBIT margin +15.7 %, tax rate +2.4 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Security National Financial

How large is the market capitalisation of Security National Financial (SNFCA)?
The market capitalisation of Security National Financial is $249M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Security National Financial (SNFCA)?
The price-to-sales ratio of Security National Financial is 0.70 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Security National Financial (SNFCA)?
Earnings per share at Security National Financial are $1.28 (price ÷ EPS = P/E 7.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Security National Financial (SNFCA)?
The net margin of Security National Financial is 9.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Security National Financial (SNFCA)?
The return on equity (ROE) of Security National Financial is 8.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Security National Financial (SNFCA)?
On an EBIT basis the return on assets of Security National Financial is 2.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Security National Financial (SNFCA)?
The operating margin of Security National Financial is 12.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Security National Financial (SNFCA)?
Revenue at Security National Financial is growing −3.6% versus a year earlier (3y avg +229%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Security National Financial (SNFCA)?
Earnings per share at Security National Financial are growing +8.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Security National Financial (SNFCA) hold?
Security National Financial holds more cash than debt, $3.9M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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