Why Is Securitas (OM:SECU B) Getting Attention Today?

Securitas (OM:SECU B) moved back into focus after reporting third quarter results on 23 October, as profitability improved sharply while sales for the period and year to date remained broadly stable.

Securitas shares trade at SEK155.4, with a year to date share price return of 6.47% and a 1 year total shareholder return of 14.61% that reflects improving sentiment as profitability strengthens. The very strong 3 year total shareholder return of 86.94% points to momentum that has built over a longer stretch.

Scan other security and business services stocks showing similar earnings momentum and balance sheet resilience using our hand-picked list of solid balance sheet and fundamentals (203 results) alongside Securitas.

Securitas has already delivered a strong multi year run as profitability recovered, yet the latest earnings jump and current share price leave a clear tension. Is most of the upside already captured, or is there still value on the table?

Most Popular Narrative: 8% Undervalued

Against a fair value narrative of SEK168.21 and a last close of SEK155.4, Securitas is framed as modestly undervalued, with much of the debate centering on how durable its margin and cash flow profile really is.

The company's European transformation and business optimization programs, together with 22 consecutive quarters of adjusted operating margin improvement to 7.6% in Q2 2026 and recurring monthly revenue now above SEK 1b, are expected to keep adding operating leverage that can support earnings growth and net margin over time.

See why 28 investors see Securitas as 8% undervalued.

Result: Fair Value of SEK168.21 (UNDERVALUED)

Still, the bullish Securitas story can unravel if further contract exits in areas like aviation security hit revenue, or if technology-led services fail to accelerate meaningfully.

Find out about the key risks to this Securitas narrative.

Next Steps

Mixed opinions like this are exactly when doing your own work matters most. Move quickly, review both sides, and weigh the 4 key rewards and 2 important warning signs.

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