Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Swedish (OMX) Consumer Discretionary Sector Analysis

UpdatedJul 03, 2026
DataAggregated Company Financials
Companies87
  • 7D1.5%
  • 3M-1.7%
  • 1Y-3.5%
  • YTD-10.8%

The Consumer Discretionary is pretty flat in the last 7 days, but Volvo Car AB (publ.) has stood out, gaining 9.5%. Unfortunately though, the industry is down 4.6% over the past 12 months. Looking forward, earnings are forecast to grow by 17% annually.

Sector Valuation and Performance

Has the Swedish Consumer Discretionary Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Jul 2026SEK 805.7bSEK 1.1tSEK 35.5b19x22.7x0.8x
Sun, 31 May 2026SEK 805.2bSEK 1.1tSEK 35.1b20.1x22.9x0.8x
Tue, 28 Apr 2026SEK 799.3bSEK 1.1tSEK 34.2b21.4x23.4x0.7x
Thu, 26 Mar 2026SEK 776.0bSEK 1.1tSEK 34.8b19.4x22.3x0.7x
Sat, 21 Feb 2026SEK 817.9bSEK 1.1tSEK 34.8b22.4x23.5x0.8x
Mon, 19 Jan 2026SEK 848.3bSEK 1.1tSEK 31.2b22.8x27.2x0.8x
Wed, 17 Dec 2025SEK 853.0bSEK 1.1tSEK 31.3b22.2x27.2x0.8x
Fri, 14 Nov 2025SEK 870.7bSEK 1.1tSEK 31.0b22.1x28.1x0.8x
Sun, 12 Oct 2025SEK 807.3bSEK 1.1tSEK 30.1b22.1x26.8x0.7x
Tue, 09 Sep 2025SEK 798.7bSEK 1.1tSEK 29.1b22.7x27.4x0.7x
Thu, 07 Aug 2025SEK 790.8bSEK 1.1tSEK 29.3b21.6x27x0.7x
Sat, 05 Jul 2025SEK 788.8bSEK 1.1tSEK 42.3b22.2x18.6x0.7x
Mon, 02 Jun 2025SEK 745.7bSEK 1.1tSEK 42.9b19.6x17.4x0.7x
Wed, 30 Apr 2025SEK 763.9bSEK 1.1tSEK 36.7b19.8x20.8x0.7x
Fri, 28 Mar 2025SEK 763.8bSEK 1.1tSEK 37.3b18.4x20.5x0.7x
Sun, 23 Feb 2025SEK 832.0bSEK 1.1tSEK 44.5b19.8x18.7x0.7x
Tue, 21 Jan 2025SEK 776.6bSEK 1.1tSEK 41.0b18.4x18.9x0.7x
Thu, 19 Dec 2024SEK 799.6bSEK 1.1tSEK 41.1b17.5x19.5x0.7x
Sat, 16 Nov 2024SEK 817.1bSEK 1.1tSEK 41.2b17.2x19.8x0.7x
Mon, 14 Oct 2024SEK 887.2bSEK 1.1tSEK 40.9b18.3x21.7x0.8x
Wed, 11 Sep 2024SEK 844.9bSEK 1.1tSEK 42.1b18.2x20.1x0.8x
Fri, 09 Aug 2024SEK 854.2bSEK 1.1tSEK 41.5b17.4x20.6x0.8x
Sun, 07 Jul 2024SEK 911.8bSEK 1.1tSEK 39.3b18.3x23.2x0.8x
Tue, 04 Jun 2024SEK 959.2bSEK 1.1tSEK 37.6b19x25.5x0.9x
Thu, 02 May 2024SEK 961.1bSEK 1.1tSEK 37.9b19x25.4x0.9x
Sat, 30 Mar 2024SEK 1.0tSEK 1.1tSEK 38.4b19.1x26.2x0.9x
Mon, 26 Feb 2024SEK 920.2bSEK 1.1tSEK 37.1b18.4x24.8x0.8x
Wed, 24 Jan 2024SEK 915.5bSEK 1.1tSEK 38.2b17.1x24x0.8x
Fri, 22 Dec 2023SEK 964.5bSEK 1.1tSEK 37.6b18.4x25.6x0.9x
Sun, 19 Nov 2023SEK 933.3bSEK 1.1tSEK 40.1b17.5x23.3x0.8x
Tue, 17 Oct 2023SEK 895.4bSEK 1.1tSEK 36.7b14.4x24.4x0.8x
Thu, 14 Sep 2023SEK 942.1bSEK 1.1tSEK 34.7b14.2x27.1x0.9x
Sat, 12 Aug 2023SEK 992.8bSEK 1.1tSEK 34.4b16.6x28.9x0.9x
Mon, 10 Jul 2023SEK 1.0tSEK 1.1tSEK 41.0b15.5x24.7x0.9x
Price to Earnings Ratio

24.7x


Total Market Cap: SEK 1.0tTotal Earnings: SEK 41.0bTotal Revenue: SEK 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Consumer Discretionary Sector Price to Earnings3Y Average 23.5x202420252026
Current Industry PE
  • Investors are relatively neutral on the Swedish Consumer Discretionary industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 23.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.78x.
Past Earnings Growth
  • The earnings for companies in the Consumer Discretionary industry have declined 4.7% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Swedish Consumer Discretionary sector?

SE Market1.42%
Consumer Discretionary1.54%
Auto9.37%
Consumer Services5.43%
General Merchandise and Department Stores3.64%
Leisure2.27%
Retail Distributors1.55%
Hospitality1.41%
Specialty Stores0.42%
Online Retail and Ecommerce0%0
Luxury-0.38%
Consumer Durables-0.58%
Auto Components-4.33%
Industry PE
  • Investors are most optimistic about the Auto industry which is trading above its 3-year average PE ratio of 50.1x.
    • Analysts are expecting annual earnings growth of 35.3%, which is higher than its past year's earnings decline of 65.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Durables industry, expecting annual earnings growth of 71% over the next 5 years.
  • This is better than its past earnings decline of 40% per year.
  • In contrast, the Specialty Stores industry is expected to see its earnings grow by 9.0% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
VOLCAR B Volvo Car AB (publ.)SEK 21.009.5%
+SEK 5.4b		14.7%PE107.3x
EVO EvolutionSEK 677.802.0%
+SEK 2.5b		-11.2%PE11.3x
CLAS B Clas OhlsonSEK 437.804.2%
+SEK 1.1b		36.0%PE23.8x
ASMDEE B Asmodee GroupSEK 144.703.2%
+SEK 1.1b		15.8%PE111.8x
JM JMSEK 141.908.3%
+SEK 703.1m		-9.0%PE172.7x

Latest News

RUSTA
SEK 82.75
Rusta
7D
4.6%
1Y
5.3%
ASMDEE B
SEK 144.70
Asmodee Group
7D
3.2%
1Y
15.8%
ELUX B
SEK 28.26
AB Electrolux
7D
-5.5%
1Y
-60.8%
MEKO
SEK 77.20
Meko
7D
-1.2%
1Y
-29.9%
Narrative Update • Jun 30

MEKO: Retained Earnings Policy Will Support Future Earnings Multiple Re-Rating

Analysts have lowered their price target for Meko to SEK 88 from SEK 100. This reflects updated assumptions that include different views on fair value, discount rate, revenue growth, profit margin and future P/E levels.
DOM
SEK 24.26
Dometic Group
7D
-5.1%
1Y
-42.1%
HM B
SEK 166.95
H & M Hennes & Mauritz
7D
-0.4%
1Y
21.2%
Narrative Update • Jun 27

HM B: Future Returns Will Rely On Margins And Capital Return Discipline

The analyst price target for H & M Hennes & Mauritz has been revised lower to SEK 155 from about SEK 163, as analysts factor in muted sales growth and a softer outlook reflected in a series of recent target cuts and rating downgrades. Analyst Commentary Analysts covering H & M Hennes & Mauritz have been trimming their price targets in stages, with several moves clustered over recent months.
BHG
SEK 22.90
BHG Group
7D
9.7%
1Y
-4.3%
Narrative Update • Jun 26

None

Analysts have raised their price target on BHG Group from SEK 35 to SEK 40, citing updated assumptions for revenue growth, profit margins and a lower future P/E multiple in their valuation work. What's in the News for BHG Group No recent company specific news headlines for BHG Group were available in the provided sources.
CLAS B
SEK 437.80
Clas Ohlson
7D
4.2%
1Y
36.0%
Narrative Update • Jun 25

CLAS B: Future Returns Will Depend On Dividend Payouts And Steady Execution

The analyst price target for Clas Ohlson has been adjusted from SEK 406.67 to SEK 415.00, with analysts citing updated assumptions around revenue growth, profit margin, and the future P/E multiple as key drivers of the revised fair value estimate. What’s in the News for Clas Ohlson Clas Ohlson announced that the Board of Directors proposed an ordinary dividend of SEK 9.25 per share (source: Key Developments).
NEWA B
SEK 91.95
New Wave Group
7D
-0.7%
1Y
-28.0%
Narrative Update • Jun 25

NEWA B: Semiannual Dividend Policy Will Support Future Upside Potential

Analysts have kept their SEK 115.5 price target on New Wave Group broadly unchanged, citing only minor adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions in their valuation work. What’s in the News for New Wave Group New Wave Group AB (publ) approved a dividend of SEK 3.00 per share at its AGM held on May 13, 2026.
VOLCAR B
SEK 21.00
Volvo Car AB (publ.)
7D
9.5%
1Y
14.7%
Narrative Update • Jun 25

VOLCAR B: Manufacturing Expansion And New Partnerships Will Support Future Upside Potential

Analysts have kept their SEK fair value estimate for Volvo Car AB (publ.) steady at SEK 25.0, while a recent downgrade from SEB Equities signals a more cautious stance that reflects updated assumptions on discount rates, profit margins and future P/E expectations. What’s in the News for Volvo Car AB (publ.) Volvo Cars and Polestar plan to consolidate production of the Polestar 3 at Volvo Cars' US plant in Ridgeville, South Carolina, in addition to existing production in Chengdu, China.
HAYPP
SEK 138.00
Haypp Group
7D
-2.4%
1Y
3.6%
Narrative Update • Jun 24

HAYPP: US Nicotine Pouch Expansion And E Commerce Shift Will Shape Outlook

The analyst price target for Haypp Group has been trimmed by SEK 5 to SEK 152.75, as analysts factor in a slightly lower fair value estimate alongside modest adjustments to the discount rate, long term profit margin and future P/E assumptions. What’s in the News for Haypp Group Haypp Group plans to offer ZYN ULTRA nicotine pouches to verified adult nicotine consumers through U.S. e-commerce platforms starting June 15, with products available on Nicokick.com and Northerner.com.
JM
SEK 141.90
JM
7D
8.3%
1Y
-9.0%
WTW A
SEK 33.00
Wall to Wall Group
7D
-7.0%
1Y
-34.3%
EVO
SEK 677.80
Evolution
7D
2.0%
1Y
-11.2%
Narrative Update • Jun 22

EVO: Balanced Rating Shifts And Execution Risks Will Shape Future Return Profile

Analysts have slightly lifted the fair value estimate for Evolution to SEK 674.88 per share, reflecting a modest upward move in the average SEK 693 to SEK 740 price target range and updated assumptions on revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent Street research on Evolution shows a mix of optimism and caution, with several firms adjusting price targets within the SEK 693 to SEK 740 range and others taking a more reserved stance on the stock's risk and reward profile.
SHOT
SEK 90.05
Scandic Hotels Group
7D
-2.5%
1Y
10.5%
Narrative Update • Jun 18

SHOT: Eco Focused New Openings And Franchise Expansion Will Support Steady Outlook

Analysts have modestly lifted their price target on Scandic Hotels Group to SEK93.86 from SEK90.17, citing updated assumptions for revenue growth, profit margins, a slightly lower future P/E multiple, and a higher discount rate. What’s in the News for Scandic Hotels Group Scandic Hotels Group plans to add a new franchise hotel in Köping in early 2027.
ACAD
SEK 105.60
AcadeMedia
7D
5.7%
1Y
25.6%
Narrative Update • Jun 18

ACAD: German Preschool Capacity Expansion Will Support Future Stock Upside

Analysts have reiterated their AcadeMedia price target at SEK 125, with small adjustments to the discount rate and assumed future P/E used in their models to reflect updated views on risk and valuation inputs rather than a shift in the overall outlook. What’s in the News for AcadeMedia AcadeMedia has decided to establish just over 330 new preschool places in Germany across five new units, expanding its presence in the country.