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Swedish (OMX) Market Analysis & Valuation

UpdatedNov 30, 2024
DataAggregated Company Financials
Companies874
  • 7D1.0%
  • 3M-3.9%
  • 1Y12.8%
  • YTD5.4%

The Energy sector gained 4.1% while the market remained flat over the last week. Meanwhile, the market is actually up 13% over the past year. Earnings are forecast to grow by 15% annually.

Trending IndustriesOil and GasBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 30 Nov 2024SEK 10.8tSEK 6.0tSEK 589.2b22x18.3x1.8x
Mon, 28 Oct 2024SEK 11.1tSEK 6.0tSEK 572.6b23.3x19.4x1.9x
Wed, 25 Sep 2024SEK 11.7tSEK 6.1tSEK 553.7b23.8x21.2x1.9x
Fri, 23 Aug 2024SEK 11.5tSEK 6.1tSEK 547.9b22.9x21x1.9x
Sun, 21 Jul 2024SEK 11.6tSEK 6.1tSEK 546.4b23x21.3x1.9x
Tue, 18 Jun 2024SEK 11.3tSEK 6.0tSEK 511.3b23x22.2x1.9x
Thu, 16 May 2024SEK 11.8tSEK 6.1tSEK 534.0b23.1x22.1x1.9x
Sat, 13 Apr 2024SEK 11.1tSEK 6.0tSEK 523.3b21.9x21.3x1.8x
Mon, 11 Mar 2024SEK 11.1tSEK 6.0tSEK 513.2b20.6x21.6x1.8x
Wed, 07 Feb 2024SEK 10.5tSEK 6.0tSEK 509.2b21.6x20.7x1.7x
Fri, 05 Jan 2024SEK 10.4tSEK 6.0tSEK 440.5b22.1x23.6x1.7x
Sun, 03 Dec 2023SEK 9.8tSEK 6.0tSEK 442.0b20.4x22.2x1.6x
Tue, 31 Oct 2023SEK 8.8tSEK 6.0tSEK 449.7b17.8x19.6x1.5x
Thu, 28 Sep 2023SEK 9.1tSEK 6.0tSEK 486.9b17.7x18.8x1.5x
Sat, 26 Aug 2023SEK 9.2tSEK 6.0tSEK 489.5b18.5x18.9x1.6x
Mon, 24 Jul 2023SEK 9.7tSEK 5.9tSEK 486.4b19.3x20x1.6x
Wed, 21 Jun 2023SEK 9.9tSEK 5.7tSEK 412.3b19.1x24.1x1.8x
Fri, 19 May 2023SEK 9.9tSEK 5.6tSEK 401.0b19.3x24.8x1.8x
Sun, 16 Apr 2023SEK 9.3tSEK 5.3tSEK 409.8b19.9x22.7x1.7x
Tue, 14 Mar 2023SEK 8.8tSEK 5.3tSEK 403.9b18.7x21.7x1.7x
Thu, 09 Feb 2023SEK 9.3tSEK 5.2tSEK 468.0b17.9x19.9x1.8x
Sat, 07 Jan 2023SEK 9.3tSEK 5.1tSEK 505.3b16.2x18.4x1.8x
Mon, 05 Dec 2022SEK 9.5tSEK 5.1tSEK 502.2b16.4x18.9x1.9x
Wed, 02 Nov 2022SEK 8.8tSEK 5.1tSEK 529.8b15.5x16.7x1.7x
Fri, 30 Sep 2022SEK 8.1tSEK 4.9tSEK 573.9b14.2x14x1.7x
Sun, 28 Aug 2022SEK 9.0tSEK 4.8tSEK 572.7b16.6x15.8x1.9x
Tue, 26 Jul 2022SEK 9.4tSEK 4.8tSEK 561.2b16.7x16.7x2x
Thu, 23 Jun 2022SEK 9.0tSEK 4.7tSEK 662.8b16x13.6x1.9x
Sat, 21 May 2022SEK 9.8tSEK 4.7tSEK 661.6b17.6x14.8x2.1x
Mon, 18 Apr 2022SEK 10.7tSEK 4.7tSEK 795.6b20x13.5x2.3x
Wed, 16 Mar 2022SEK 10.6tSEK 4.9tSEK 826.3b19.1x12.9x2.2x
Fri, 11 Feb 2022SEK 43.4tSEK 4.8tSEK 784.9b22.5x55.3x9x
Sun, 09 Jan 2022SEK 12.6tSEK 4.7tSEK 674.7b23.5x18.6x2.7x
Tue, 07 Dec 2021SEK 12.2tSEK 4.7tSEK 674.5b23x18x2.6x
Price to Earnings Ratio

18x


Total Market Cap: SEK 12.2tTotal Earnings: SEK 674.5bTotal Revenue: SEK 4.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 19.4x202220232024
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 19.4x.
Past Earnings Growth
  • The earnings for Swedish listed companies have declined 4.4% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.4% 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, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Swedish Market?

SE Market0.95%
Energy4.10%
Real Estate2.61%
Healthcare2.11%
Financials1.79%
Telecom1.26%
Industrials0.61%
Consumer Staples0.60%
Tech0.55%
Materials0.29%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Utilities-1.41%
Consumer Discretionary-1.43%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 13.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 47.0%, which is higher than its past year's earnings growth of 13.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 60% over the next 5 years.
  • This is better than its past earnings growth rate of 20% per year.
  • In contrast, the Financials sector is expected to see its earnings decline by 17% 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 330.507.6%
+SEK 27.6b		31.9%PE112.5xFinancials
LIFCO B LifcoSEK 331.004.0%
+SEK 5.8b		44.3%PE46.6xIndustrials
SHB A Svenska HandelsbankenSEK 113.502.4%
+SEK 5.3b		14.1%PB1.1xFinancials
BEIJ B Beijer RefSEK 172.005.5%
+SEK 4.5b		47.3%PE34.4xIndustrials
SOBI Swedish Orphan BiovitrumSEK 302.404.3%
+SEK 4.3b		20.7%PE29.6xHealthcare
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EVO

SEK 952.00

Evolution

7D

-3.2%

1Y

-13.0%

BEIJ B

SEK 172.00

Beijer Ref

7D

5.5%

1Y

47.3%

LIFCO B

SEK 331.00

Lifco

7D

4.0%

1Y

44.3%

HM B

SEK 151.25

H & M Hennes & Mauritz

7D

-2.7%

1Y

-12.1%

EQT

SEK 330.50

EQT

7D

7.6%

1Y

31.9%

EQT (STO:EQT) Is Due To Pay A Dividend Of €1.80

Nov 26
EQT (STO:EQT) Is Due To Pay A Dividend Of €1.80

AAK

SEK 295.20

AAK AB (publ.)

7D

4.6%

1Y

35.2%

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Nov 25
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YUBICO

SEK 270.00

Yubico

7D

-6.4%

1Y

163.7%

EPI A

SEK 198.75

Epiroc

7D

1.4%

1Y

0.8%

An Intrinsic Calculation For Epiroc AB (publ) (STO:EPI A) Suggests It's 25% Undervalued

Nov 24
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SHB A

SEK 113.50

Svenska Handelsbanken

7D

2.4%

1Y

14.1%

SAAB B

SEK 238.85

Saab

7D

-2.3%

1Y

73.7%

SOBI

SEK 302.40

Swedish Orphan Biovitrum

7D

4.3%

1Y

20.7%

ALFA

SEK 464.30

Alfa Laval

7D

-2.3%

1Y

18.6%

ESSITY B

SEK 300.20

Essity

7D

-0.7%

1Y

14.6%

ERIC B

SEK 88.68

Telefonaktiebolaget LM Ericsson

7D

-0.5%

1Y

70.8%

INVE A

SEK 297.30

Investor

7D

0.4%

1Y

36.8%

SECT B

SEK 284.80

Sectra

7D

-2.6%

1Y

133.6%