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Swedish (OMX) Casinos and Gaming Industry Analysis

UpdatedJun 20, 2026
DataAggregated Company Financials
Companies13
  • 7D-4.4%
  • 3M15.6%
  • 1Y-8.9%
  • YTDn/a

Over the last 7 days, the Casinos and Gaming industry has dropped 3.4%, driven by a pullback from Evolution of 4.6%. Meanwhile, Fable Media Group actually outperformed within the industry, gaining 6.1% in the last week. Overall the industry is down 8.8% in 12 months. As for the next few years, earnings are expected to grow by 6.3% per annum.

Industry Valuation and Performance

Has the Swedish Casinos and Gaming Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Jun 2026SEK 162.2bSEK 43.3bSEK 13.5b13.5x12x3.7x
Mon, 18 May 2026SEK 154.3bSEK 43.2bSEK 13.4b20.8x11.5x3.6x
Wed, 15 Apr 2026SEK 147.1bSEK 42.8bSEK 13.5b11.6x10.9x3.4x
Fri, 13 Mar 2026SEK 144.5bSEK 42.5bSEK 13.3b10.4x10.9x3.4x
Sun, 08 Feb 2026SEK 135.9bSEK 42.3bSEK 13.3b7.1x10.2x3.2x
Tue, 06 Jan 2026SEK 146.7bSEK 40.5bSEK 14.2b6.8x10.3x3.6x
Thu, 04 Dec 2025SEK 151.8bSEK 41.1bSEK 14.5b7.1x10.5x3.7x
Sat, 01 Nov 2025SEK 152.9bSEK 41.2bSEK 13.9b9.5x11x3.7x
Mon, 29 Sep 2025SEK 186.6bSEK 41.3bSEK 14.7b11.1x12.7x4.5x
Wed, 27 Aug 2025SEK 200.3bSEK 41.8bSEK 14.8b11.7x13.5x4.8x
Fri, 25 Jul 2025SEK 201.7bSEK 42.1bSEK 14.9b11.7x13.5x4.8x
Sun, 22 Jun 2025SEK 174.4bSEK 41.9bSEK 15.0b10.8x11.6x4.2x
Tue, 20 May 2025SEK 164.0bSEK 40.8bSEK 14.1b10.5x11.7x4x
Thu, 17 Apr 2025SEK 195.4bSEK 40.7bSEK 15.4b10.9x12.7x4.8x
Sat, 15 Mar 2025SEK 190.3bSEK 40.3bSEK 15.2b11x12.5x4.7x
Mon, 10 Feb 2025SEK 190.0bSEK 41.5bSEK 16.1b11.6x11.8x4.6x
Wed, 08 Jan 2025SEK 206.4bSEK 39.8bSEK 15.2b11.3x13.6x5.2x
Fri, 06 Dec 2024SEK 222.3bSEK 39.8bSEK 15.2b10x14.7x5.6x
Sun, 03 Nov 2024SEK 231.8bSEK 40.4bSEK 15.3b13x15.1x5.7x
Tue, 01 Oct 2024SEK 258.1bSEK 54.1bSEK 15.1b14.8x17.1x4.8x
Thu, 29 Aug 2024SEK 270.9bSEK 54.1bSEK 15.1b15.8x17.9x5x
Sat, 27 Jul 2024SEK 267.8bSEK 56.0bSEK 15.5b16.9x17.2x4.8x
Mon, 24 Jun 2024SEK 270.8bSEK 52.1bSEK 14.7b16.7x18.4x5.2x
Wed, 22 May 2024SEK 296.8bSEK 53.5bSEK 15.1b16.7x19.6x5.5x
Fri, 19 Apr 2024SEK 318.8bSEK 52.6bSEK 14.9b11.5x21.4x6.1x
Sun, 17 Mar 2024SEK 334.1bSEK 50.8bSEK 14.4b11.9x23.1x6.6x
Tue, 13 Feb 2024SEK 325.7bSEK 50.2bSEK 14.3b11.8x22.8x6.5x
Thu, 11 Jan 2024SEK 300.6bSEK 55.3bSEK 14.7b15.6x20.4x5.4x
Sat, 09 Dec 2023SEK 297.2bSEK 55.6bSEK 14.8b15.8x20.1x5.3x
Mon, 06 Nov 2023SEK 269.8bSEK 56.9bSEK 16.3b12.7x16.6x4.7x
Wed, 04 Oct 2023SEK 289.4bSEK 55.2bSEK 15.4b14.7x18.8x5.2x
Fri, 01 Sep 2023SEK 310.9bSEK 56.6bSEK 15.8b15x19.7x5.5x
Sun, 30 Jul 2023SEK 341.0bSEK 55.4bSEK 15.4b16.5x22.1x6.2x
Tue, 27 Jun 2023SEK 553.3bSEK 52.9bSEK 14.2b20.4x39x10.5x
Price to Earnings Ratio

39x


Total Market Cap: SEK 553.3bTotal Earnings: SEK 14.2bTotal Revenue: SEK 52.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Casinos and Gaming Industry Price to Earnings3Y Average 15.7x202420252026
Current Industry PE
  • Investors are pessimistic on the Swedish Casinos and Gaming industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 12.0x which is lower than its 3-year average PE of 15.7x.
  • The 3-year average PS ratio of 4.9x is higher than the industry's current PS ratio of 3.7x.
Past Earnings Growth
  • The earnings for companies in the Casinos and Gaming industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 6.4% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Comparison

How does Swedish Casinos and Gaming compare with similar industries?

SE Market0.43%
Consumer Discretionary-2.58%
Hospitality-3.13%
Casinos and Gaming-4.42%
Leisure Facilities5.81%
Hotels, Resorts and Cruise Lines2.61%
Restaurants0%0
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
FABLE Fable Media GroupSEK 5.586.1%
+SEK 10.9m		-4.5%PE7x
CTM Catena MediaSEK 2.493.5%
+SEK 6.4m		40.7%PS0.3x
RAKE Raketech Group HoldingSEK 1.741.8%
+SEK 1.4m		-39.7%PE35.8x

Latest News

KAMBI
SEK 163.00
Kambi Group
7D
-2.3%
1Y
25.6%
Narrative Update • Jun 18

KAMBI: New Lottery Contracts Will Not Stop Future Multiple Compression

Analysts have maintained their SEK 139.90 price target for Kambi Group, keeping it broadly in line with prior estimates. They cited small adjustments to the discount rate, revenue growth assumptions, profit margin outlook and future P/E expectations that largely offset one another in their valuation work.
BETS B
SEK 87.30
Betsson
7D
-4.3%
1Y
-54.8%
Narrative Update • Jun 16

BETS B: World Cup Tailwind And EU Tax Risk Will Shape Returns

Analysts have trimmed their fair value estimate for Betsson to SEK95 from SEK100. The change reflects updated views on slightly higher discount rates, more moderate revenue growth, softer profit margins, and a somewhat higher future P/E assumption.
FABLE
SEK 5.58
Fable Media Group
7D
6.1%
1Y
-4.5%
BETCO
SEK 121.20
Better Collective
7D
-2.1%
1Y
-5.9%
Narrative Update • Jun 16

BETCO: Fairly Valued Outlook Will Rely On Expanding AI Betting Rollout

Analysts have lifted their SEK price target for Better Collective by about SEK 15, citing updated assumptions around slightly higher revenue growth, modestly stronger profit margins, and a small adjustment to the discount rate and future P/E used in their valuation work. What’s in the News for Better Collective Better Collective launched Playbook, its AI powered betting solution, in Brazil, targeting one of the world’s largest football markets and aligning the rollout with the World Cup timeline.
EVO
SEK 692.60
Evolution
7D
-4.6%
1Y
-0.8%
Narrative Update • Jun 06

EVO: Mixed Rating Shifts And Dividend Pause Will Shape Future Risk Balance

Evolution's refreshed analyst price target edges higher to SEK 665.80 from SEK 655.61. Analysts cite updated fair value work that reflects slightly adjusted growth, profit margin and P/E assumptions, alongside a mix of recent price target moves and rating changes across the Street.
RAKE
SEK 1.74
Raketech Group Holding
7D
1.8%
1Y
-39.7%
FSPORT
SEK 0.20
FSport
7D
-22.0%
1Y
130.8%
GIG SDB
SEK 2.02
GiG Software
7D
-9.0%
1Y
-71.5%
CTM
SEK 2.49
Catena Media
7D
3.5%
1Y
40.7%
G2M
SEK 5.10
Gentoo Media
7D
-3.0%
1Y
-63.4%
ANGL
SEK 3.60
Angler Gaming
7D
-4.5%
1Y
-21.4%