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Swedish (OMX) Specialty Stores Industry Analysis

UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies28
  • 7D4.0%
  • 3M8.0%
  • 1Y28.3%
  • YTD3.3%

The Specialty Stores is pretty flat in the last 7 days, but H & M Hennes & Mauritz has stood out, gaining 4.5%. As for the the longer term, the industry is up 27% over the past 12 months. As for the next few years, earnings are expected to grow by 10% per annum.

Industry Valuation and Performance

Has the Swedish Specialty Stores Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Feb 2026SEK 390.4bSEK 340.9bSEK 14.7b23.1x26.6x1.1x
Sat, 24 Jan 2026SEK 360.6bSEK 343.0bSEK 12.8b23.5x28.2x1.1x
Mon, 22 Dec 2025SEK 375.0bSEK 343.2bSEK 12.8b23.6x29.4x1.1x
Wed, 19 Nov 2025SEK 356.3bSEK 340.1bSEK 12.7b23x28.1x1x
Fri, 17 Oct 2025SEK 360.7bSEK 338.8bSEK 12.8b24.1x28.3x1.1x
Sun, 14 Sep 2025SEK 314.6bSEK 339.5bSEK 11.8b25.3x26.6x0.9x
Tue, 12 Aug 2025SEK 293.8bSEK 339.4bSEK 11.8b23x24.9x0.9x
Thu, 10 Jul 2025SEK 292.3bSEK 339.0bSEK 11.7b23.6x24.9x0.9x
Sat, 07 Jun 2025SEK 288.6bSEK 341.6bSEK 12.8b21.1x22.6x0.8x
Mon, 05 May 2025SEK 293.7bSEK 341.5bSEK 12.7b20.7x23x0.9x
Wed, 02 Apr 2025SEK 280.3bSEK 340.4bSEK 12.6b20.9x22.2x0.8x
Fri, 28 Feb 2025SEK 298.1bSEK 338.6bSEK 13.2b20.8x22.6x0.9x
Sun, 26 Jan 2025SEK 302.8bSEK 339.1bSEK 11.5b19.5x26.3x0.9x
Tue, 24 Dec 2024SEK 297.1bSEK 339.2bSEK 11.5b18.4x25.8x0.9x
Thu, 21 Nov 2024SEK 300.1bSEK 338.1bSEK 11.6b18x25.9x0.9x
Sat, 19 Oct 2024SEK 339.1bSEK 338.0bSEK 10.5b18.6x32.4x1x
Mon, 16 Sep 2024SEK 330.1bSEK 357.7bSEK 11.9b18.5x27.8x0.9x
Wed, 14 Aug 2024SEK 315.0bSEK 356.9bSEK 11.6b20.3x27.1x0.9x
Fri, 12 Jul 2024SEK 341.5bSEK 357.8bSEK 11.6b20.2x29.4x1x
Sun, 09 Jun 2024SEK 371.0bSEK 355.8bSEK 9.9b20.8x37.5x1x
Tue, 07 May 2024SEK 338.4bSEK 355.1bSEK 9.8b24.1x34.6x1x
Thu, 04 Apr 2024SEK 339.4bSEK 351.5bSEK 9.7b25.8x34.9x1x
Sat, 02 Mar 2024SEK 294.8bSEK 351.7bSEK 9.2b26x32.2x0.8x
Mon, 29 Jan 2024SEK 334.5bSEK 351.3bSEK 7.3b28.2x45.6x1x
Wed, 27 Dec 2023SEK 350.6bSEK 351.7bSEK 7.2b29.2x48.9x1x
Fri, 24 Nov 2023SEK 338.4bSEK 351.7bSEK 7.1b23.8x47.7x1x
Sun, 22 Oct 2023SEK 301.8bSEK 350.1bSEK 8.5b18.4x35.5x0.9x
Tue, 19 Sep 2023SEK 311.9bSEK 347.0bSEK 5.9b20.8x52.4x0.9x
Thu, 17 Aug 2023SEK 330.1bSEK 345.6bSEK 5.8b22.8x57.1x1x
Sat, 15 Jul 2023SEK 346.9bSEK 344.7bSEK 6.2b21.6x56.1x1x
Mon, 12 Jun 2023SEK 288.4bSEK 342.3bSEK 6.6b17.7x43.8x0.8x
Wed, 10 May 2023SEK 288.6bSEK 341.1bSEK 6.6b18.1x43.9x0.8x
Fri, 07 Apr 2023SEK 301.8bSEK 340.7bSEK 7.3b18.6x41.6x0.9x
Sun, 05 Mar 2023SEK 270.5bSEK 311.6bSEK 7.4b15.9x36.6x0.9x
Price to Earnings Ratio

36.6x


Total Market Cap: SEK 270.5bTotal Earnings: SEK 7.4bTotal Revenue: SEK 311.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Specialty Stores Industry Price to Earnings3Y Average 33.7x202420252026
Current Industry PE
  • Investors are pessimistic on the Swedish Specialty Retail 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 26.1x which is lower than its 3-year average PE of 33.7x.
  • The 3-year average PS ratio of 0.93x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Specialty Retail industry have grown 26% per year over the last three years.
  • Revenues for these companies have grown 3.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

SE Market0.94%
Consumer Discretionary1.67%
Specialty Stores3.98%
Apparel Retail4.37%
Specialty Stores2.93%
Automotive Retail2.74%
Home Improvement Retail2.00%
Computer and Electronics Retail-1.06%
Home Furnishing Retail-2.11%
Industry PE
  • Investors are most optimistic about the Specialty Stores industry which is trading above its 3-year average PE ratio of 45.4x.
    • Analysts are expecting annual earnings growth of 32.4%, which is higher than its past year's earnings growth of 16.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Computer and Electronics Retail industry, expecting annual earnings growth of 104% over the next 5 years.
  • However this is lower than its past earnings growth rate of 301% per year.
  • In contrast, the Apparel Retail industry is expected to see its earnings grow by 8.2% 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
HM B H & M Hennes & MauritzSEK 192.304.5%
+SEK 13.3b		31.5%PE25.3x
SYNSAM SynsamSEK 68.7011.7%
+SEK 1.0b		47.4%PE21.5x
CLAS B Clas OhlsonSEK 378.603.2%
+SEK 750.1m		54.2%PE23.5x
BILI A BiliaSEK 134.703.2%
+SEK 386.9m		-3.8%PE16.3x
RVRC RVRC HoldingSEK 67.002.7%
+SEK 186.7m		46.1%PE22.9x

Latest News

RVRC
SEK 67.00
RVRC Holding
7D
2.7%
1Y
46.1%

RVRC: Share Buybacks Will Support Higher Future Earnings Multiple

Analysts have kept their SEK fair value estimate for RVRC Holding broadly stable at SEK 76, citing slightly adjusted assumptions around the discount rate, revenue growth, profit margin and future P/E that together support a roughly unchanged price target. What's in the News RVRC Holding reported that between October 1, 2025 and November 20, 2025, it repurchased 3,841,189 shares for SEK 39 million, representing 3.61% of its shares under the ongoing buyback program (Key Developments).
SYNSAM
SEK 68.70
Synsam
7D
11.7%
1Y
47.4%
HM B
SEK 192.30
H & M Hennes & Mauritz
7D
4.5%
1Y
31.5%

HM B: Future Margin Execution Will Still Fail To Support Current Pricing

Analysts have nudged their blended fair value estimate for H & M Hennes & Mauritz higher, from about SEK 159 to roughly SEK 162, citing updated assumptions around margins, growth and future P/E multiples, alongside a mix of recent price target cuts and one increase across the Street. Analyst Commentary Recent Street research on H & M Hennes & Mauritz has been mixed, with several firms adjusting ratings and price targets in different directions.
GULD
SEK 20.60
Guldbrev Holding
7D
-12.0%
1Y
n/a
PIERCE
SEK 9.36
Pierce Group
7D
-4.7%
1Y
-0.4%
BOKUS
SEK 71.20
Bokusgruppen
7D
-4.8%
1Y
34.8%
RUG
SEK 65.00
RugVista Group
7D
-2.1%
1Y
32.7%
BMAX
SEK 63.40
Byggmax Group
7D
1.9%
1Y
24.2%
BILI A
SEK 134.70
Bilia
7D
3.2%
1Y
-3.8%
CLAS B
SEK 378.60
Clas Ohlson
7D
3.2%
1Y
54.2%

CLAS B: Insjon Automation And Capacity Upgrade Will Support Balanced Long Term Outlook

The latest Narrative Update on Clas Ohlson reflects a modest revision to the analyst price target to SEK 348.33 per share, with analysts pointing to slightly higher assumptions for revenue growth, profit margin and discount rate, as well as a marginal adjustment to the projected future P/E multiple. What's in the News Board approves an investment of about SEK 400 to 450 million in the Insjon distribution centre to support long term growth and create a more efficient logistics hub in the founder town Insjon, Dalarna (Key Developments).
NELLY
SEK 59.60
Nelly Group
7D
-6.0%
1Y
70.8%
MEDS
SEK 37.00
Meds Apotek
7D
-4.1%
1Y
n/a
FOI B
SEK 466.00
Fenix Outdoor International
7D
-5.9%
1Y
-32.9%
BHG
SEK 25.74
BHG Group
7D
-3.9%
1Y
1.0%
WSG
SEK 66.95
WS WeSports Group
7D
2.7%
1Y
n/a
PIXEL
SEK 7.95
PixelFox
7D
42.0%
1Y
813.8%