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Swedish (OMX) Casinos and Gaming Industry Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies13
  • 7D0.07%
  • 3M19.1%
  • 1Y-2.4%
  • YTDn/a

In the last week, the Casinos and Gaming industry is up 3.0%, with Evolution up 0.1%. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 6.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Jun 2026SEK 163.6bSEK 43.0bSEK 13.4b13.4x12.2x3.8x
Mon, 04 May 2026SEK 154.4bSEK 42.5bSEK 13.2b21.7x11.7x3.6x
Wed, 01 Apr 2026SEK 142.6bSEK 43.2bSEK 13.6b10.7x10.5x3.3x
Fri, 27 Feb 2026SEK 135.1bSEK 42.1bSEK 13.2b9.8x10.2x3.2x
Sun, 25 Jan 2026SEK 143.2bSEK 43.8bSEK 14.1b6.9x10.1x3.3x
Tue, 23 Dec 2025SEK 148.9bSEK 40.8bSEK 14.4b7x10.4x3.6x
Thu, 20 Nov 2025SEK 150.2bSEK 41.4bSEK 14.0b9x10.8x3.6x
Sat, 18 Oct 2025SEK 171.1bSEK 41.3bSEK 14.7b10.4x11.6x4.1x
Mon, 15 Sep 2025SEK 185.7bSEK 41.1bSEK 14.6b11.1x12.7x4.5x
Wed, 13 Aug 2025SEK 206.9bSEK 41.8bSEK 14.8b11.9x14x4.9x
Fri, 11 Jul 2025SEK 189.4bSEK 41.4bSEK 14.9b12.2x12.7x4.6x
Sun, 08 Jun 2025SEK 164.2bSEK 41.3bSEK 14.8b10.5x11.1x4x
Tue, 06 May 2025SEK 168.9bSEK 40.7bSEK 15.0b10.9x11.3x4.1x
Thu, 03 Apr 2025SEK 178.1bSEK 39.4bSEK 14.8b11x12x4.5x
Sat, 01 Mar 2025SEK 196.7bSEK 40.8bSEK 15.4b11.1x12.8x4.8x
Mon, 27 Jan 2025SEK 200.2bSEK 39.7bSEK 15.1b11.2x13.2x5x
Wed, 25 Dec 2024SEK 193.2bSEK 39.9bSEK 15.2b10.8x12.7x4.8x
Fri, 22 Nov 2024SEK 225.9bSEK 40.1bSEK 15.3b10.1x14.8x5.6x
Sun, 20 Oct 2024SEK 239.4bSEK 37.7bSEK 14.5b15.9x16.5x6.3x
Tue, 17 Sep 2024SEK 259.4bSEK 54.1bSEK 15.1b14.6x17.2x4.8x
Thu, 15 Aug 2024SEK 261.9bSEK 54.7bSEK 15.2b16.4x17.2x4.8x
Sat, 13 Jul 2024SEK 290.3bSEK 53.2bSEK 15.1b16.6x19.3x5.5x
Mon, 10 Jun 2024SEK 280.7bSEK 52.7bSEK 14.9b17.3x18.9x5.3x
Wed, 08 May 2024SEK 307.9bSEK 53.3bSEK 15.2b13.1x20.2x5.8x
Fri, 05 Apr 2024SEK 320.1bSEK 51.9bSEK 14.8b11.7x21.7x6.2x
Sun, 03 Mar 2024SEK 328.7bSEK 50.3bSEK 14.3b12x22.9x6.5x
Tue, 30 Jan 2024SEK 317.0bSEK 55.9bSEK 14.8b16.3x21.4x5.7x
Thu, 28 Dec 2023SEK 307.0bSEK 54.4bSEK 14.4b16.3x21.2x5.6x
Sat, 25 Nov 2023SEK 290.7bSEK 56.0bSEK 15.6b14.3x18.7x5.2x
Mon, 23 Oct 2023SEK 270.6bSEK 55.3bSEK 15.4b13.2x17.6x4.9x
Wed, 20 Sep 2023SEK 307.7bSEK 56.6bSEK 15.8b14.9x19.5x5.4x
Fri, 18 Aug 2023SEK 310.3bSEK 56.5bSEK 15.7b15.5x19.7x5.5x
Sun, 16 Jul 2023SEK 349.7bSEK 52.2bSEK 14.0b17.3x25x6.7x
Tue, 13 Jun 2023SEK 562.2bSEK 52.6bSEK 14.1b20.4x39.8x10.7x
Price to Earnings Ratio

39.8x


Total Market Cap: SEK 562.2bTotal Earnings: SEK 14.1bTotal Revenue: SEK 52.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Casinos and Gaming Industry Price to Earnings3Y Average 16.1x202420252026
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 12.4x which is lower than its 3-year average PE of 16.1x.
  • The 3-year average PS ratio of 5.0x is higher than the industry's current PS ratio of 3.9x.
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 6.6% 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 Market-1.09%
Consumer Discretionary-1.52%
Hospitality-0.46%
Casinos and Gaming0.07%
Restaurants0%0
Hotels, Resorts and Cruise Lines-2.25%
Leisure Facilities-3.13%
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
EVO EvolutionSEK 697.600.1%
+SEK 159.4m		7.0%PE12x
BETCO Better CollectiveSEK 122.201.5%
+SEK 104.1m		-4.1%PE23.7x
BETS B BetssonSEK 88.850.7%
+SEK 80.9m		-53.1%PE7.1x
ACROUD AcroudSEK 0.166.5%
+SEK 12.8m		31.5%PS0.4x
GIG SDB GiG SoftwareSEK 2.312.7%
+SEK 9.3m		-64.0%PS0.8x

Latest News

BETS B
SEK 88.85
Betsson
7D
0.7%
1Y
-53.1%
New Narrative • Jun 04

The Market Is Paying You a 9.3% Dividend and an 18.9% FCF Yield to Wait for a Recovery That's Already Starting

Betsson AB (founded 1963, listed Nasdaq Stockholm Large Cap) is one of Europe's largest online gaming operators. It runs a dual model: B2C gaming under proprietary brands (Betsson, Betsafe, Inkabet, NordicBet) across 25 licensed jurisdictions — Casino (71% of revenue) + Sportsbook (28%) — and B2B platform licensing (Techsson PAM) to third-party operators.
EVO
SEK 697.60
Evolution
7D
0.1%
1Y
7.0%
New Narrative • Jun 04

A Monopoly-Quality Business Trading at Distress Multiples — CEO Buying, €346M Buyback Active, 73% Upside to Fair Value

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ EVOLUTION AB (OM:EVO) — INVESTMENT THESIS Current Price: 635 SEK | Fair Value (Base Case): 1,000–1,100 SEK | Rating: ACCUMULATE ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ BUSINESS & MOAT ───────────────── Evolution AB is the undisputed global leader in Live Casino B2B software, supplying technology, content and platforms to 870+ gaming operators worldwide. The model is pure B2B — Evolution never takes player risk.
RAKE
SEK 1.76
Raketech Group Holding
7D
1.1%
1Y
-36.8%
KAMBI
SEK 166.20
Kambi Group
7D
-4.7%
1Y
39.0%
Narrative Update • Jun 03

KAMBI: New Lottery Contracts Will Not Prevent Future Multiple Compression

Analysts have maintained Kambi Group's fair value estimate at SEK 139.90 while slightly adjusting key inputs such as the discount rate, revenue growth, profit margin and future P/E. This has led to a modest recalibration of their SEK-based price target rather than a major shift in view.
BETCO
SEK 122.20
Better Collective
7D
1.5%
1Y
-4.1%
Narrative Update • Jun 01

BETCO: Buybacks And Higher P E Multiple Expectations Will Shape Future Returns

Analysts have raised their SEK price target for Better Collective by SEK 15. This reflects updated views on its fair value, discount rate, revenue growth outlook, profit margins and future P/E assumptions.
FSPORT
SEK 0.093
FSport
7D
-0.5%
1Y
10.7%
EMB
SEK 0.56
EMB Mission Bound
7D
-19.3%
1Y
13.8%
ACROUD
SEK 0.16
Acroud
7D
6.5%
1Y
31.5%
GIG SDB
SEK 2.31
GiG Software
7D
2.7%
1Y
-64.0%
FABLE
SEK 5.42
Fable Media Group
7D
1.5%
1Y
3.4%
CTM
SEK 2.45
Catena Media
7D
1.4%
1Y
39.2%
G2M
SEK 5.34
Gentoo Media
7D
-4.6%
1Y
-63.1%
BLICK
SEK 0.90
Blick Global Group
7D
-6.5%
1Y
48.4%
ANGL
SEK 3.60
Angler Gaming
7D
-4.5%
1Y
-21.4%