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Swedish (OMX) Market Analysis & Valuation

UpdatedNov 06, 2025
DataAggregated Company Financials
Companies799
  • 7D-1.7%
  • 3M2.8%
  • 1Y2.8%
  • YTD3.5%

Over the last 7 days, the market has dropped 1.7%, driven by a decline of 2.0% in the Industrials sector. In the last 12 months the market has been flat overall. Looking forward, earnings are forecast to grow by 13% annually.

Trending IndustriesBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 06 Nov 2025SEK 11.4tSEK 5.8tSEK 534.3b22.4x21.4x2x
Sat, 04 Oct 2025SEK 11.3tSEK 5.8tSEK 483.9b23.4x23.4x2x
Mon, 01 Sep 2025SEK 11.1tSEK 5.8tSEK 480.3b23.4x23x1.9x
Wed, 30 Jul 2025SEK 11.1tSEK 5.7tSEK 470.9b23.4x23.6x1.9x
Fri, 27 Jun 2025SEK 10.7tSEK 5.8tSEK 497.8b22.8x21.6x1.8x
Sun, 25 May 2025SEK 10.7tSEK 5.8tSEK 490.1b22x21.8x1.8x
Tue, 22 Apr 2025SEK 10.2tSEK 5.9tSEK 541.5b20.4x18.8x1.7x
Thu, 20 Mar 2025SEK 11.4tSEK 5.9tSEK 548.0b22.2x20.9x1.9x
Sat, 15 Feb 2025SEK 11.8tSEK 5.9tSEK 517.4b23.8x22.8x2x
Mon, 13 Jan 2025SEK 10.8tSEK 6.0tSEK 588.0b22.7x18.3x1.8x
Wed, 11 Dec 2024SEK 11.1tSEK 6.0tSEK 588.9b23.3x18.9x1.9x
Fri, 08 Nov 2024SEK 11.1tSEK 6.0tSEK 584.0b23x19x1.9x
Sun, 06 Oct 2024SEK 11.8tSEK 6.1tSEK 552.8b24x21.4x1.9x
Tue, 03 Sep 2024SEK 11.7tSEK 6.1tSEK 552.8b23.5x21.2x1.9x
Thu, 01 Aug 2024SEK 11.8tSEK 6.1tSEK 543.5b24x21.6x1.9x
Sat, 29 Jun 2024SEK 11.4tSEK 6.1tSEK 513.7b22.6x22.2x1.9x
Mon, 27 May 2024SEK 11.7tSEK 6.0tSEK 520.6b23.2x22.4x1.9x
Wed, 24 Apr 2024SEK 11.2tSEK 6.1tSEK 548.0b22.3x20.4x1.8x
Fri, 22 Mar 2024SEK 11.4tSEK 6.0tSEK 515.0b21.2x22.1x1.9x
Sun, 18 Feb 2024SEK 10.8tSEK 6.0tSEK 478.2b22.1x22.5x1.8x
Tue, 16 Jan 2024SEK 10.3tSEK 6.0tSEK 441.2b21.8x23.3x1.7x
Thu, 14 Dec 2023SEK 10.1tSEK 6.0tSEK 441.9b20.6x22.8x1.7x
Sat, 11 Nov 2023SEK 9.2tSEK 6.0tSEK 447.7b19.1x20.5x1.5x
Mon, 09 Oct 2023SEK 9.2tSEK 6.0tSEK 493.8b17.5x18.7x1.5x
Wed, 06 Sep 2023SEK 9.5tSEK 6.0tSEK 489.6b18.5x19.4x1.6x
Fri, 04 Aug 2023SEK 9.6tSEK 5.9tSEK 488.8b19.3x19.6x1.6x
Sun, 02 Jul 2023SEK 9.8tSEK 5.7tSEK 411.2b19.1x23.9x1.7x
Tue, 30 May 2023SEK 9.9tSEK 5.6tSEK 406.5b19.2x24.3x1.8x
Thu, 27 Apr 2023SEK 10.0tSEK 5.4tSEK 435.9b19.6x23x1.8x
Sat, 25 Mar 2023SEK 8.5tSEK 5.3tSEK 402.9b18.7x21x1.6x
Mon, 20 Feb 2023SEK 9.3tSEK 5.3tSEK 434.4b19.4x21.4x1.7x
Wed, 18 Jan 2023SEK 9.7tSEK 5.1tSEK 505.5b16.9x19.2x1.9x
Fri, 16 Dec 2022SEK 9.3tSEK 5.1tSEK 510.7b15.9x18.2x1.8x
Sun, 13 Nov 2022SEK 9.5tSEK 5.1tSEK 509.6b16.7x18.7x1.9x
Price to Earnings Ratio

18.7x


Total Market Cap: SEK 9.5tTotal Earnings: SEK 509.6bTotal Revenue: SEK 5.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 21.3x202320242025
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 21.3x.
Past Earnings Growth
  • The earnings for Swedish listed companies have remained mostly flat over the last three years.
  • Meanwhile revenues have grown 4.5% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Sector Trends

Which sectors have driven the changes within the Swedish Market?

SE Market-1.66%
Energy3.81%
Telecom0.10%
Financials-0.32%
Consumer Staples-0.48%
Utilities-1.19%
Consumer Discretionary-1.78%
Industrials-1.99%
Materials-2.62%
Tech-2.63%
Real Estate-3.21%
Healthcare-3.55%
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 30.1%, which is higher than its past year's earnings growth of 2.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings growth rate of 2.8% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 2.8% 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
FLAT B Flat CapitalSEK 18.46-4.3%
SEK 7.3b		33.4%PE33.7xFinancials
SKF B AB SKFSEK 256.604.4%
+SEK 5.0b		24.4%PE24xIndustrials
VOLCAR B Volvo Car AB (publ.)SEK 33.884.8%
+SEK 4.6b		55.2%PE72.2xConsumer Discretionary
STOR B Storskogen GroupSEK 11.4916.2%
+SEK 2.7b		34.7%PE19.9xIndustrials
VOLV B AB VolvoSEK 263.500.5%
+SEK 2.4b		-5.4%PE15.1xIndustrials
See more

Market Insights

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🏦 Room to Run: A Look at Where the Financial Sector Could Go
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Richard Bowman
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The AI capex boom is getting all of the attention, but behind that flurry of spending is an entire corner of the market that many are overlooking: Financials. Three key factors underpin the sector’s medium-term potential: a steepening yield curve, heightened IPO activity, and surging business spending together could boost financial stocks and ETFs higher.
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STOR B
SEK 11.49
Storskogen Group
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LATO B
SEK 225.50
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VOLV B
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VOLV B: Margin Improvements Will Drive Upside Despite Tariff Headwinds

AB Volvo’s analyst price target was reduced from SEK 294.88 to SEK 289.50, as analysts pointed to softer anticipated revenue growth and persistent margin concerns. Analyst Commentary Recent street research surrounding AB Volvo reflects a mix of optimistic and cautionary perspectives as analysts adjust price targets and ratings, citing evolving business dynamics.
EQT
SEK 322.50
EQT
7D
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EPI A
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AB SKF
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VOLCAR B
SEK 33.88
Volvo Car AB (publ.)
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4.8%
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HEXA B
SEK 115.10
Hexagon
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FLAT B
SEK 18.46
Flat Capital
7D
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1Y
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INDT
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ATCO A
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Atlas Copco
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HM B
SEK 172.25
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