London Security (LSE:LSC) Scaled Net Operating Assets: 0.61 (As of Dec. 2025)


LSE:LSC London Security PLC LSE:LSC
88 GF Score
Price £34.00
GF Value £39.10
Valuation Modestly Undervalued
! 3 Warning Signs
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What is London Security Scaled Net Operating Assets?

London Security LSE:LSC 88 Scaled Net Operating Assets is 0.61 as of Dec. 2025. GuruFocus rates LSE:LSC with a GF Score™ of 88/100 and a GF Value™ of £39.10 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

London Security's operating assets for the quarter that ended in Dec. 2025 was £179.6 Mil. London Security's operating liabilities for the quarter that ended in Dec. 2025 was £45.6 Mil. London Security's Total Assets for the quarter that ended in Jun. 2025 was £220.3 Mil. Therefore, London Security's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 0.61.


London Security Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for London Security's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

London Security Scaled Net Operating Assets Chart

London Security Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.62 0.69 0.65 0.66 0.65

London Security Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.63 0.63 0.63 0.65 0.61

LSE:LSC vs ALLE, MSA, ADT: Scaled Net Operating Assets Comparison

For the Security & Protection Services subindustry, London Security's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


London Security Scaled Net Operating Assets vs Business Services Industry

For the Business Services industry and Industrials sector, London Security's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where London Security's Scaled Net Operating Assets falls into.


LSE:LSC
88GF Score
London Security PLC LSE:LSC
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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London Security Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

London Security's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(179.585-45.612)/205.128
=0.65

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=225.453 - 45.868
=179.585

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=53.844 - 5.135 - 3.097
=45.612

London Security's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(179.585-45.612)/220.26
=0.61

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=225.453 - 45.868
=179.585

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=53.844 - 5.135 - 3.097
=45.612

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.61 mean?
London Security (LSE:LSC) has a Scaled Net Operating Assets of 0.61 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on London Security and its competitors.
Is London Security's Scaled Net Operating Assets too high?
London Security's current Scaled Net Operating Assets is 0.61. Overall, London Security has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does London Security's Scaled Net Operating Assets compare to ALLE and MSA?
London Security's Scaled Net Operating Assets of 0.61 can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Business Services company?
A good Scaled Net Operating Assets depends on the Business Services industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on London Security and its competitors. London Security's current Scaled Net Operating Assets is 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is London Security stock overvalued right now?
Based on GuruFocus' analysis, London Security (LSE:LSC) is currently considered Modestly Undervalued. The stock's GF Value™ is £39.10, compared to a current price of £34.00 — trading 13% below its estimated fair value. The current Scaled Net Operating Assets is 0.61. London Security's overall GF Score™ is 88/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For London Security (LSE:LSC), the current Scaled Net Operating Assets is 0.61 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is London Security (LSE:LSC) Overvalued in 2026?

Based on GuruFocus' analysis, London Security stock appears to be undervalued. The current stock price of £34.00 is trading 13% below its estimated GF Value™ of £39.10. GuruFocus considers London Security to be Modestly Undervalued.

Key valuation signals for LSE:LSC:

  • Scaled Net Operating Assets: 0.61
  • GF Value™: £39.10 vs. price of £34.00 (13% below fair value)
  • GF Score™: 88/100 with 3 warning signs

No single metric tells the full story. See the LSE:LSC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


London Security Business Description

Address 2 Jubilee Way, Premier House, Elland, West Yorkshire, GBR, HX5 9DY
London Security PLC is an investment holding company that provides fire protection services and products. The business activity of the group functions through the United Kingdom, Belgium, the Netherlands, Austria, and the Rest of Europe. It derives revenue from the Outright sale of equipment, Maintenance, service, installation, and Equipment rental activity. The company's products are marketed under the Nu-Swift, Ansul, Total, and Master brands. The group operates in a single segment, which is the provision and maintenance of fire protection and security equipment in Europe.
88GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

£34.00
Price
£39.10
GF Value