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Swedish (OMX) Market Analysis & Valuation

UpdatedJun 27, 2026
DataAggregated Company Financials
Companies784
  • 7D-0.8%
  • 3M7.8%
  • 1Y10.3%
  • YTD2.2%

The Healthcare sector gained 3.9% while the market remained flat over the last week. Meanwhile, the market is actually up 14% over the past year. Looking forward, earnings are forecast to grow by 8.5% annually.

Trending IndustriesBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Jun 2026SEK 12.1tSEK 5.8tSEK 694.1b19.8x17.5x2.1x
Mon, 25 May 2026SEK 12.3tSEK 5.8tSEK 692.1b20.4x17.7x2.1x
Wed, 22 Apr 2026SEK 12.4tSEK 5.8tSEK 682.5b21.2x18.1x2.1x
Fri, 20 Mar 2026SEK 11.4tSEK 5.8tSEK 647.5b19.6x17.6x2x
Sun, 15 Feb 2026SEK 12.2tSEK 5.8tSEK 653.0b21.2x18.7x2.1x
Tue, 13 Jan 2026SEK 12.1tSEK 5.8tSEK 547.1b22.2x22.1x2.1x
Thu, 11 Dec 2025SEK 11.5tSEK 5.8tSEK 546.6b21.5x21.1x2x
Sat, 08 Nov 2025SEK 11.3tSEK 5.8tSEK 541.1b21.9x21x2x
Mon, 06 Oct 2025SEK 11.3tSEK 5.8tSEK 483.9b23.4x23.4x2x
Wed, 03 Sep 2025SEK 10.8tSEK 5.8tSEK 480.3b22.9x22.5x1.9x
Fri, 01 Aug 2025SEK 11.0tSEK 5.7tSEK 471.1b23.2x23.3x1.9x
Sun, 29 Jun 2025SEK 11.0tSEK 5.8tSEK 496.7b23.1x22.1x1.9x
Tue, 27 May 2025SEK 10.9tSEK 5.8tSEK 497.1b22.2x21.9x1.9x
Thu, 24 Apr 2025SEK 10.4tSEK 5.8tSEK 466.8b20.9x22.3x1.8x
Sat, 22 Mar 2025SEK 11.3tSEK 5.9tSEK 548.0b22x20.5x1.9x
Mon, 17 Feb 2025SEK 11.8tSEK 5.9tSEK 520.8b23.8x22.7x2x
Wed, 15 Jan 2025SEK 10.8tSEK 6.0tSEK 588.4b22.7x18.3x1.8x
Fri, 13 Dec 2024SEK 11.1tSEK 6.0tSEK 588.4b23.4x18.8x1.9x
Sun, 10 Nov 2024SEK 11.0tSEK 6.0tSEK 588.0b23x18.7x1.8x
Tue, 08 Oct 2024SEK 11.8tSEK 6.1tSEK 552.7b23.8x21.3x1.9x
Thu, 05 Sep 2024SEK 11.4tSEK 6.1tSEK 553.3b23.2x20.7x1.9x
Sat, 03 Aug 2024SEK 11.2tSEK 6.1tSEK 543.3b22.7x20.5x1.8x
Mon, 01 Jul 2024SEK 11.4tSEK 6.1tSEK 513.8b22.6x22.2x1.9x
Wed, 29 May 2024SEK 11.6tSEK 6.0tSEK 512.6b23x22.7x1.9x
Fri, 26 Apr 2024SEK 11.0tSEK 6.1tSEK 558.2b21.9x19.7x1.8x
Sun, 24 Mar 2024SEK 11.4tSEK 6.0tSEK 515.1b21.5x22x1.9x
Tue, 20 Feb 2024SEK 10.8tSEK 6.0tSEK 478.2b22.1x22.6x1.8x
Thu, 18 Jan 2024SEK 10.1tSEK 6.0tSEK 441.7b21.5x22.8x1.7x
Sat, 16 Dec 2023SEK 10.5tSEK 6.0tSEK 441.4b20.8x23.8x1.7x
Mon, 13 Nov 2023SEK 9.2tSEK 6.0tSEK 447.7b19.1x20.5x1.5x
Wed, 11 Oct 2023SEK 9.4tSEK 6.0tSEK 493.2b17.6x19x1.6x
Fri, 08 Sep 2023SEK 9.4tSEK 6.0tSEK 489.4b18.3x19.2x1.6x
Sun, 06 Aug 2023SEK 9.7tSEK 5.9tSEK 488.2b19.6x19.8x1.6x
Tue, 04 Jul 2023SEK 9.8tSEK 5.7tSEK 411.6b18.9x23.8x1.7x
Price to Earnings Ratio

23.8x


Total Market Cap: SEK 9.8tTotal Earnings: SEK 411.6bTotal Revenue: SEK 5.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 20.8x202420252026
Current Market PE
  • Investors are pessimistic on the Swedish market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 17.6x which is lower than its 3-year average PE of 20.8x.
Past Earnings Growth
  • The earnings for Swedish listed companies have grown 19% per year over the last three years, while revenues have remained steady.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Sector Trends

Which sectors have driven the changes within the Swedish Market?

SE Market-0.81%
Healthcare3.43%
Consumer Staples3.16%
Real Estate1.78%
Telecom0.54%
Financials-0.13%
Utilities-0.84%
Consumer Discretionary-1.37%
Industrials-1.86%
Tech-1.98%
Energy-3.64%
Materials-3.69%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 27.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 15.0% which is higher than its past year's earnings decline of 15.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 104% over the next 5 years.
  • This is better than its past earnings decline of 46% per year.
  • In contrast, the Financials sector is expected to see its earnings decline by 7.4% 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
ELUX B AB ElectroluxSEK 30.194.1%
+SEK 16.7b		-56.2%PE66.9xConsumer Discretionary
SOBI Swedish Orphan BiovitrumSEK 466.205.9%
+SEK 9.0b		63.8%PE175.1xHealthcare
INVE A InvestorSEK 387.000.6%
+SEK 7.4b		36.9%PE6.2xFinancials
ESSITY B EssitySEK 278.304.0%
+SEK 7.3b		6.8%PE15.2xConsumer Staples
VOLV B AB VolvoSEK 324.600.9%
+SEK 6.1b		20.6%PE20.1xIndustrials
See more

Market Insights

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Latest News

BEIJ B
SEK 139.90
Beijer Ref
7D
6.7%
1Y
-7.6%
VOLV B
SEK 324.60
AB Volvo
7D
0.9%
1Y
20.6%
Narrative Update • Jun 24

VOLV B: Autonomous And Hydrogen Truck Progress Will Support Stronger Long Term Earnings

The analyst price target for AB Volvo has been raised to SEK 395 from SEK 385. Analysts point to the company's perceived structural strength, highlighted at recent events, as a key support for the updated valuation assumptions.
ELUX B
SEK 30.19
AB Electrolux
7D
4.1%
1Y
-56.2%
Narrative Update • Jun 24

ELUX B: Rights Issue And Factory Closures Will Support Future P E Re Rating

The analyst price target for AB Electrolux has been trimmed by about SEK 1.60 to reflect updated assumptions on fair value and profit outlook, following a series of recent target cuts and downgrades from several research firms. Analyst Commentary Recent research on AB Electrolux has become more cautious overall, with several firms lowering price targets or downgrading the stock, while others have taken a more balanced, neutral starting point.
ATCO A
SEK 189.45
Atlas Copco
7D
-3.3%
1Y
22.4%
Narrative Update • Jun 24

ATCO A: Dividend Payouts And Split Ratings Will Shape Future Returns

The analyst price target for Atlas Copco has been lifted by analysts to SEK 199.33 from SEK 194.43, reflecting updated assumptions around revenue growth, profit margins, a slightly higher future P/E multiple, and recent mixed but generally supportive Street research on the stock. Analyst Commentary Recent Street research on Atlas Copco presents a mix of upbeat and cautious views, with several analysts adjusting price targets in both directions and a couple of rating upgrades.
SWED A
SEK 358.90
Swedbank
7D
0.9%
1Y
42.6%
Narrative Update • Jun 24

SWED A: Future Returns Will Balance Defence Financing Role With Governance Overhang

Swedbank's updated analyst price target edges higher to SEK 344.81 from SEK 340.44, reflecting incremental adjustments to revenue growth, profit margin and future P/E assumptions cited across recent Street research. Analyst Commentary Recent Street research on Swedbank points to a mixed but engaged analyst view around the stock, with multiple firms fine tuning price targets in a relatively tight SEK 300 to SEK 330 range.
ERIC B
SEK 106.65
Telefonaktiebolaget LM Ericsson
7D
-3.0%
1Y
32.0%
BOL
SEK 537.00
Boliden
7D
-5.6%
1Y
79.7%
Narrative Update • Jun 23

BOL: Future Returns Will Likely Lag As Garpenberg Ramp Risks Persist

The analyst fair value estimate for Boliden has been raised from SEK 445 to SEK 468 as analysts factor in a mix of higher Street price targets, more balanced risk/reward commentary after the recent selloff, and ongoing concerns around operational complexity following the Garpenberg seismic event. Analyst Commentary Recent Street research on Boliden shows a split view, with some firms flagging valuation and execution risks even as others lift price targets.
SOBI
SEK 466.20
Swedish Orphan Biovitrum
7D
5.9%
1Y
63.8%
Narrative Update • Jun 22

SOBI: Hematology Data And Metabolic Trials Will Support A More Balanced Outlook

Analysts have reiterated their SEK 471.67 price target on Swedish Orphan Biovitrum, citing a fresh bullish initiation and updated assumptions around the discount rate and future P/E, which leave their valuation framework broadly unchanged. What’s in the News for Swedish Orphan Biovitrum Sobi plans to present new clinical and real world data at the EHA 2026 Congress in Stockholm, covering multiple rare hematology conditions and several key products, including Aspaveli, Doptelet, Gamifant and Vonjo.
EPI A
SEK 255.90
Epiroc
7D
-7.7%
1Y
20.5%
Narrative Update • Jun 22

EPI A: Autonomy Expansion And Equipment Partnerships Will Support Steady Future P/E

Analysts have nudged their fair value estimate for Epiroc up slightly from SEK 272.20 to SEK 274.35, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. What's in the News Epiroc won an order from Heidelberg Materials to adapt and implement its LinkOA autonomous solution for driverless haul trucks at a quarry in Western Australia, extending LinkOA from mining into the aggregates sector.
LIFCO B
SEK 316.20
Lifco
7D
3.0%
1Y
-20.3%
Narrative Update • Jun 22

LIFCO B: Long Term Acquisition Focus Will Support Future Upside

Analysts have trimmed their price target for Lifco slightly, with fair value moving from SEK 349.50 to about SEK 346.83. This reflects updated assumptions around revenue growth, profit margins and future P/E levels.
INVE A
SEK 387.00
Investor
7D
0.6%
1Y
36.9%
SIVE
SEK 63.35
Sivers Semiconductors
7D
-34.0%
1Y
1,507.1%
Analysis Article • Jun 21

Sivers Semiconductors (OM:SIVE) Stock Could Be 880% Overvalued After $8.2 Million ALL.SPACE Order

Sivers Semiconductors (OM:SIVE) recently announced an $8.2 million production order from ALL.SPACE for its multi-beam Ka-band beamforming integrated circuits, putting fresh attention on the stock’s role in next-generation satellite communications. See our latest analysis for Sivers Semiconductors. Despite a 5.79% drop in the latest 1 day share price return, Sivers Semiconductors has seen its 30 day share price return of 31.69% and a very large year to date share price gain, while the 1 year...
SAND
SEK 385.70
Sandvik
7D
-5.2%
1Y
75.8%
Analysis Article • Jun 20

Sandvik (OM:SAND) Stock Looks 5.9% Overvalued After Barminco Mining Order

Sandvik’s new Barminco order puts mining demand in focus Sandvik (OM:SAND) has secured a SEK 350 million equipment order from Australian mining contractor Barminco for the Bellevue Gold Project, including underground loaders, trucks, drill rigs, and ongoing tools and service support. See our latest analysis for Sandvik. Sandvik’s recent SEK 350 million Barminco contract comes as momentum in the stock has been strong, with a 90 day share price return of 21.73% and a 1 year total shareholder...
EQT
SEK 266.80
EQT
7D
-3.4%
1Y
-16.2%
Narrative Update • Jun 18

EQT: Future Upside Will Depend On Infrastructure Fundraising And Fundraising Execution

The analyst price target for EQT stock has been adjusted to SEK 418 from SEK 415, as analysts factor in updated assumptions on fair value, discount rates, growth, margins and future P/E following recent mixed research views that include both an upgrade and a downgrade. Analyst Commentary Recent research on EQT reflects a split view, with the upgraded SEK 355 price target sitting alongside a separate downgrade from another large bank.
ESSITY B
SEK 278.30
Essity
7D
4.0%
1Y
6.8%
Narrative Update • Jun 17

ESSITY B: Cautious Rating Shifts And Tissue Review Will Shape Outlook

Analysts have lowered their price targets on Essity, with the consensus reduced by SEK 40 as they incorporate recent rating changes and updated assumptions from the latest research reports. Analyst Commentary Recent updates on Essity show analysts refining their views on the stock, with several price target cuts and a downgrade from JPMorgan shaping a more cautious tone around valuation and execution.
VSURE
€9.72
Verisure
7D
-10.6%
1Y
n/a