SSH Communications Security Oyj (SSH1V) Fair Value & Analysis
Technology · FI · Market cap €112M
Fair value as of: Aug 14, 2026
From 12 valuation models · updated today
Fair value updated Aug 14, 2026, revised from €0.1400 to €0.3400 (+142.9%) since Jul 11, 2026. Share price −13.0% over the past month.
Below-average quality, and screening another 81% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (€0.4600). The favourable scenario is already priced in.
- Weak quality (25/100) and above fair value at the same time, the margin of safety is missing on both counts.
- A fairly wide model range (€0.1900 to €0.4600) 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 14, 2026.
How to read this chart
60‑month range €0.9680 – €5.10 · fair‑value band €0.1900 – €0.4600 · the €1.81 price screens above the €0.3400 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 14, 2026.
Analysis
SSH Communications Security Oyj (SSH1V) currently trades at €1.81, while our model-based Fair Value estimate is €0.3400, implying the stock looks roughly 81.2% overvalued today. The Quality Score stands at 25/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, SSH Communications Security Oyj generated revenue of €21.5M at a net margin of -10.1%. Revenue declined 1.9% year over year. It earns a return on equity of -13.1%. Fundamentals as of Aug 14, 2026
Our scenario range runs from €0.1900 (bear case) to €0.4600 (bull case); at €1.81, the current price sits above 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 68% below its 52-week high and 84% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -59% fair-value upside, at -81%, SSH1V screens richer 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 12 models by family
Widest divergence: DCF Models (€0.4200) versus Asset-Based (€0.1100). Highest evidence: Growth DCF (80).
Notify me when SSH1V reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 29 · Market factors (momentum, volatility) 19
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
SSH Communications Security Oyj operates as a cybersecurity company for humans, systems, and networks in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.
Full company description
SSH Communications Security Oyj operates as a cybersecurity company for humans, systems, and networks in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers secure business communication products comprising SalaX Secure Mail, a secure email encryption solution to protect confidential email communications; SalaX Secure Messaging, a communications platform for chats, audio, and video calls; Secure Sign, a secure electronic signature to documents or other assets; and SalaX Secure Collaboration, all in one solution that includes secure messaging and secure mail. It also provides secure access and secret management products, including PrivX Hybrid PAM Solution, an automated privileged access management solution for hybrid and multi-cloud environments; PrivX OT Edition, an on and off-site secure access management to any ICS/OT/IT target; and PrivX Key Management, a zero-trust encryption key management solution. In addition, the company offers secure file transfer and encryption products, such as Tectia SSH Client/Server for secure file transfer, remote access, and tunneling; Tectia SSH Server for z/OS, a secure file transfer protocol server software; NQX quantum safe encryptor, a quantum-safe solution that transmits large-scale data using future-proof quantum-safe algorithms. Further, it provides risk assessment services and discovery and audit self-services, as well as professional services. SSH Communications Security Oyj was incorporated in 1995 and is headquartered in Helsinki, Finland.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
SSH Communications Security Oyj reported revenue of €21.6M in FY2025 versus €15.9M in FY2021, a compound +7.9%/yr. Reported net income was −€2.3M in FY2025.
SSH1V screens 81% overvalued. Compare with Microsoft Corporation →
Peer Group
Software - Infrastructure · 369 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.
VALUE 0: the price sits above our fair-value range.
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 Aug 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Microsoft Corporation MSFT | $506.06 | $365.74 | -28% |
| Oracle Corporation ORAC | C$7.22 | C$2.34 | -68% |
| Fortinet, Inc FTNT | $160.84 | $61.46 | -62% |
| Synopsys, Inc 1SNPS | €358.00 | €93.61 | -74% |
| Block, Inc XYZ | A$111.01 | A$70.69 | -36% |
| Range Intelligent Computing Technology Group 300442 | ¥67.70 | ¥30.89 | -54% |
| Oracle Financial Services Software Limited OFSS | ₹11,679 | ₹6,897 | -41% |
| 360 Security Technology Inc 601360 | ¥9.58 | ¥1.05 | -89% |
| One97 Communications Limited PAYTM | ₹1,610 | ₹241.68 | -85% |
| PT GoTo Gojek Tokopedia Tbk GOTO | 50.00 IDR | 20.41 IDR | -59% |
Compare SSH Communications Security Oyj with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Technology stocks →
Frequently asked questions
Is SSH Communications Security Oyj (SSH1V) overvalued or undervalued?
What is the fair value of SSH1V?
What is the quality score of SSH1V?
What is the revenue of SSH Communications Security Oyj (SSH1V)?
What is the net profit margin of SSH1V?
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.
Track SSH Communications Security Oyj and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.