Loomis (OM:LOOMIS) Stock Faces Rich P/E As Net Margin Improves To 6.1%

Loomis (OM:LOOMIS) opened Q2 2026 with solid headline figures, reporting revenue of SEK 7.9b and basic EPS of SEK 9.09 as investors weigh the latest results against the current share price of SEK 519.5. The company has seen quarterly revenue move from SEK 7.4b and EPS of SEK 7.00 in Q2 2025 to SEK 7.9b and SEK 9.09 in Q2 2026, while the trailing twelve month EPS stands at SEK 27.68 on revenue of SEK 30.7b. This sets the stage for investors to focus on how sustainably Loomis is converting that top line into margins.

See our full analysis for Loomis.

With the latest Q2 numbers in hand, the next step is to set these margins and earnings trends against the prevailing Loomis narratives to see which views are supported and which might need a rethink.

See what the community is saying about Loomis

Margins steady at around 6% on a bigger revenue base

• Loomis reported trailing twelve month net income of SEK 1,860 million on SEK 30,736 million of revenue, which equates to a net margin of about 6.1% compared with 5.7% a year earlier in the data.
• What stands out for the bullish view is that this margin profile sits alongside earnings that have grown about 10.2% per year over five years, while trailing one year earnings growth of 6.5% is lower, which bulls see as a pause before the forecast 15.9% annual growth rather than a structural ceiling.
  • Bullish analysts point to businesses such as Automated Solutions and higher margin logistics as areas that can support margins, and the current 6.1% net margin offers some room if their expectation of margin expansion plays out.
  • At the same time, the slower 6.5% recent earnings growth versus the 10.2% five year pace gives you a concrete checkpoint to watch to see if Loomis gets closer to those higher growth assumptions or stays nearer today’s run rate.

Bulls argue that Loomis' mix of higher margin services and efficiency gains could justify those stronger growth assumptions if earnings re accelerate from the recent 6.5% pace, which is why some investors are studying the full bullish case in detail 🐂 Loomis Bull Case.

Loomis trades on 18.7x P/E against a higher DCF fair value

• On the valuation side, Loomis changes hands at a trailing P/E of 18.7x, above both the peer average of 17x and the European Commercial Services industry average of 16.4x, while the provided DCF fair value sits at SEK 1,483.33 versus the current share price of SEK 519.5.
• Critics in the bearish camp focus on that premium P/E multiple and argue it leaves less room if growth falls short, yet the data also shows improved net margin at 6.1% and trailing twelve month EPS of SEK 27.68, which is a concrete earnings base for you to compare against those valuation marks.
  • For a bearish view, the key tension is that the stock trades richer than peers on P/E even though one year earnings growth of 6.5% is below the 10.2% five year average, which they see as justification for a lower multiple than the 18.7x currently implied.
  • Set against that, the DCF fair value of SEK 1,483.33 is very far above the SEK 519.5 share price in this dataset, so if you lean toward the bearish stance it is worth asking whether that model is assuming stronger revenue than the roughly 3.9% annual growth forecast here.

Skeptics who point to the premium 18.7x P/E and slower recent earnings growth often reference a cautious narrative that tests how much upside is left if forecasts are trimmed back 🐻 Loomis Bear Case.

Earnings per share trends give a mixed signal for Loomis

• Looking at the last six quarters, basic EPS moved from SEK 5.58 in Q1 2025 to SEK 6.99 in Q2 2025, SEK 7.80 in Q3 2025, SEK 2.88 in Q4 2025, SEK 7.92 in Q1 2026 and SEK 9.09 in Q2 2026, while trailing twelve month EPS reached SEK 27.68 as of Q2 2026.
• The consensus style narrative in the data flags a mix of earnings support and structural pressure, and this step pattern in EPS gives you a simple way to test that balance, with the low Q4 2025 EPS of SEK 2.88 and the much higher SEK 9.09 in Q2 2026 both reminding you that quarterly results can swing around even when the twelve month line shows smoother growth.
  • On the supportive side of that narrative, trailing twelve month net income rose from SEK 1,664 million at Q1 2025 to SEK 1,860 million at Q2 2026, which lines up with the idea that operational improvements and new services are helping earnings over a multi quarter window.
  • On the cautious side, the data also highlights an unstable dividend record and slower trailing one year earnings growth of 6.5% than the five year 10.2% pace, which income focused holders in particular may want to keep in mind when they look at the EPS jumps between quarters.

Next Steps

To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for Loomis on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves.

If the mix of bullish and cautious signals around Loomis leaves you undecided, now is a good time to review the numbers yourself, consider the trade offs, and see the 3 key rewards and 1 important warning sign

See What Else Is Out There Beyond Loomis

For Loomis, the combination of slower recent earnings growth, an unstable dividend record and a premium 18.7x P/E multiple creates a more fragile setup for some investors.

If that mix of valuation pressure and uneven income appeal concerns you, it is worth scanning for companies with more reliable payouts and stronger yield profiles through the 459 dividend fortresses.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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