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Swedish (OMX) Market Analysis & Valuation

UpdatedDec 20, 2025
DataAggregated Company Financials
Companies796
  • 7D0.2%
  • 3M3.5%
  • 1Y6.8%
  • YTD4.6%

In the last week, the market has been flat, with a notable exception in the Energy sector dropping 15%. Meanwhile, the market is actually up 6.8% over the past year. Earnings are forecast to grow by 14% annually.

Trending IndustriesBiotechSoftware

Market Valuation and Performance

Has the Swedish Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Dec 2025SEK 11.6tSEK 5.8tSEK 547.3b21.7x21.2x2x
Mon, 17 Nov 2025SEK 11.4tSEK 5.8tSEK 544.4b22.2x21x2x
Wed, 15 Oct 2025SEK 11.3tSEK 5.8tSEK 492.1b22.9x22.9x2x
Fri, 12 Sep 2025SEK 11.0tSEK 5.8tSEK 480.0b23.1x23x1.9x
Sun, 10 Aug 2025SEK 11.0tSEK 5.7tSEK 471.4b23.7x23.4x1.9x
Tue, 08 Jul 2025SEK 11.0tSEK 5.8tSEK 496.7b23.4x22.2x1.9x
Thu, 05 Jun 2025SEK 10.9tSEK 5.8tSEK 496.4b22.6x21.9x1.9x
Sat, 03 May 2025SEK 10.7tSEK 5.8tSEK 462.8b21.9x23.2x1.8x
Mon, 31 Mar 2025SEK 10.9tSEK 5.9tSEK 547.2b21.4x20x1.9x
Wed, 26 Feb 2025SEK 11.7tSEK 5.9tSEK 545.2b23.2x21.5x2x
Fri, 24 Jan 2025SEK 11.5tSEK 6.0tSEK 588.6b23.5x19.5x1.9x
Sun, 22 Dec 2024SEK 10.7tSEK 6.0tSEK 588.0b23x18.2x1.8x
Tue, 19 Nov 2024SEK 10.7tSEK 6.0tSEK 587.4b22.1x18.2x1.8x
Thu, 17 Oct 2024SEK 11.2tSEK 6.0tSEK 531.5b23.3x21.1x1.9x
Sat, 14 Sep 2024SEK 11.6tSEK 6.1tSEK 554.2b23.4x20.8x1.9x
Mon, 12 Aug 2024SEK 11.2tSEK 6.1tSEK 549.3b22.7x20.3x1.8x
Wed, 10 Jul 2024SEK 11.4tSEK 6.0tSEK 506.8b22.8x22.5x1.9x
Fri, 07 Jun 2024SEK 11.6tSEK 6.0tSEK 511.9b23.4x22.6x1.9x
Sun, 05 May 2024SEK 11.2tSEK 6.1tSEK 563.6b22.6x19.8x1.8x
Tue, 02 Apr 2024SEK 11.3tSEK 6.0tSEK 516.5b21.6x21.9x1.9x
Thu, 29 Feb 2024SEK 10.9tSEK 6.0tSEK 488.4b21.1x22.3x1.8x
Sat, 27 Jan 2024SEK 10.4tSEK 6.0tSEK 477.4b21.3x21.8x1.7x
Mon, 25 Dec 2023SEK 10.5tSEK 6.0tSEK 440.2b21.9x23.9x1.7x
Wed, 22 Nov 2023SEK 9.7tSEK 6.0tSEK 445.2b19.2x21.7x1.6x
Fri, 20 Oct 2023SEK 9.0tSEK 6.0tSEK 464.4b17.2x19.4x1.5x
Sun, 17 Sep 2023SEK 9.4tSEK 6.0tSEK 490.0b18.1x19.2x1.6x
Tue, 15 Aug 2023SEK 9.6tSEK 5.9tSEK 488.8b19.4x19.7x1.6x
Thu, 13 Jul 2023SEK 9.8tSEK 5.7tSEK 406.1b19.2x24x1.7x
Sat, 10 Jun 2023SEK 10.1tSEK 5.7tSEK 411.6b19.3x24.6x1.8x
Mon, 08 May 2023SEK 10.1tSEK 5.6tSEK 410.4b20.3x24.5x1.8x
Wed, 05 Apr 2023SEK 9.0tSEK 5.3tSEK 403.0b19.7x22.3x1.7x
Fri, 03 Mar 2023SEK 9.1tSEK 5.3tSEK 402.9b19.4x22.6x1.7x
Sun, 29 Jan 2023SEK 9.1tSEK 5.2tSEK 474.1b17.4x19.2x1.8x
Tue, 27 Dec 2022SEK 9.1tSEK 5.1tSEK 511.7b15.6x17.9x1.8x
Price to Earnings Ratio

17.9x


Total Market Cap: SEK 9.1tTotal Earnings: SEK 511.7bTotal Revenue: SEK 5.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 21.4x202320242025
Current Market PE
  • Investors are relatively neutral on the Swedish market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 21.4x.
Past Earnings Growth
  • The earnings for Swedish listed companies have grown 2.3% per year over the last three years.
  • Revenues for these companies have grown 4.3% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Swedish Market?

SE Market0.20%
Consumer Staples2.34%
Financials1.79%
Materials1.62%
Telecom1.28%
Real Estate0.05%
Tech-0.55%
Consumer Discretionary-0.67%
Industrials-0.75%
Healthcare-0.92%
Utilities-4.03%
Energy-14.69%
Sector PE
  • Investors favour the Healthcare sector the most for future growth which is trading above its 3-year average PE ratio.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 29.5% which is higher than its past year's earnings decline of 3.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings decline of 3.9% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 3.5% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
EQT EQTSEK 351.806.0%
+SEK 23.3b
15.4%PE45.2xFinancials
SWED A SwedbankSEK 315.702.1%
+SEK 7.4b
48.1%PB1.6xFinancials
SEB A Skandinaviska Enskilda BankenSEK 192.751.7%
+SEK 6.3b
29.6%PB1.7xFinancials
SAND SandvikSEK 295.701.6%
+SEK 5.8b
48.6%PE25.1xIndustrials
BOL BolidenSEK 498.204.2%
+SEK 5.7b
62.8%PE17.6xMaterials
See more

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