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Swedish (OMX) Financials Sector Analysis

UpdatedOct 02, 2025
DataAggregated Company Financials
Companies73
  • 7D1.6%
  • 3M4.0%
  • 1Y5.1%
  • YTD7.3%

In the last week, the Financials industry is up 1.6%, with Investor up 3.3%. In the last 12 months, the industry was up 5.1%. Earnings are forecast to grow by 20% annually.

Sector Valuation and Performance

Has the Swedish Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Oct 2025SEK 2.8tSEK 460.4bSEK 163.2b16.3x17.3x6.1x
Sun, 31 Aug 2025SEK 2.7tSEK 455.2bSEK 160.0b15.6x17.1x6x
Tue, 29 Jul 2025SEK 2.7tSEK 452.9bSEK 157.6b16.9x17.3x6x
Thu, 26 Jun 2025SEK 2.6tSEK 466.7bSEK 169.7b14.5x15.3x5.6x
Sat, 24 May 2025SEK 2.6tSEK 464.7bSEK 171.1b15.2x15.1x5.6x
Mon, 21 Apr 2025SEK 2.4tSEK 545.3bSEK 250.1b12.5x9.6x4.4x
Wed, 19 Mar 2025SEK 2.8tSEK 552.6bSEK 258.5b12.2x10.8x5.1x
Fri, 14 Feb 2025SEK 2.8tSEK 555.1bSEK 259.9b12x10.9x5.1x
Sun, 12 Jan 2025SEK 2.6tSEK 656.4bSEK 366.9b8.6x7.1x4x
Tue, 10 Dec 2024SEK 2.6tSEK 656.2bSEK 366.9b8.7x7.2x4x
Thu, 07 Nov 2024SEK 2.6tSEK 650.9bSEK 361.3b8.4x7.1x4x
Sat, 05 Oct 2024SEK 3.0tSEK 748.8bSEK 372.9b8.7x8.1x4x
Mon, 02 Sep 2024SEK 3.0tSEK 748.0bSEK 372.0b8.6x8.2x4.1x
Wed, 31 Jul 2024SEK 3.1tSEK 752.8bSEK 368.0b9.2x8.3x4.1x
Fri, 28 Jun 2024SEK 2.9tSEK 732.8bSEK 353.2b13.2x8.3x4x
Sun, 26 May 2024SEK 3.0tSEK 734.6bSEK 352.6b16.4x8.4x4x
Tue, 23 Apr 2024SEK 2.8tSEK 731.6bSEK 369.1b12x7.6x3.8x
Thu, 21 Mar 2024SEK 2.9tSEK 686.2bSEK 326.9b11.6x9x4.3x
Sat, 17 Feb 2024SEK 2.8tSEK 684.2bSEK 326.9b10.2x8.6x4.1x
Mon, 15 Jan 2024SEK 2.7tSEK 671.8bSEK 332.5b10.9x8x4x
Wed, 13 Dec 2023SEK 2.6tSEK 671.9bSEK 332.5b9x7.7x3.8x
Fri, 10 Nov 2023SEK 2.4tSEK 675.0bSEK 332.8b8.7x7.2x3.5x
Sun, 08 Oct 2023SEK 2.4tSEK 674.2bSEK 337.8b9x7.1x3.6x
Tue, 05 Sep 2023SEK 2.4tSEK 672.6bSEK 335.4b9.2x7.1x3.6x
Thu, 03 Aug 2023SEK 2.4tSEK 666.2bSEK 330.3b9.4x7.3x3.6x
Sat, 01 Jul 2023SEK 2.3tSEK 515.7bSEK 193.7b9.5x12x4.5x
Mon, 29 May 2023SEK 2.3tSEK 507.6bSEK 188.5b9.2x12.1x4.5x
Wed, 26 Apr 2023SEK 2.3tSEK 473.4bSEK 171.0b12.6x13.5x4.9x
Fri, 24 Mar 2023SEK 1.5tSEK 370.1bSEK 125.5b10.3x11.6x3.9x
Sun, 19 Feb 2023SEK 1.7tSEK 368.2bSEK 113.4b10.4x15x4.6x
Tue, 17 Jan 2023SEK 2.3tSEK 354.3bSEK 68.9b10.6x33.3x6.5x
Thu, 15 Dec 2022SEK 2.2tSEK 349.9bSEK 67.2b9.9x32.4x6.2x
Sat, 12 Nov 2022SEK 2.2tSEK 347.3bSEK 67.1b9.8x32.2x6.2x
Mon, 10 Oct 2022SEK 1.8tSEK 356.8bSEK 99.8b8.7x18.4x5.1x
Price to Earnings Ratio

18.4x


Total Market Cap: SEK 1.8tTotal Earnings: SEK 99.8bTotal Revenue: SEK 356.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Financials Sector Price to Earnings3Y Average 12.2x202320242025
Current Industry PE
  • Investors are optimistic on the Swedish Financials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 17.3x which is higher than its 3-year average PE of 12.2x.
  • The 3-year average PS ratio of 4.6x is lower than the industry's current PS ratio of 6.1x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 18% per year over the last three years.
  • Revenues for these companies have grown 8.9% 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 Financials sector?

SE Market0.69%
Financials1.60%
Consumer Finance9.82%
Diversified Financial2.59%
Banks2.00%
Insurance1.21%
Mortgage Finance0%0
Capital Markets-1.18%
Industry PE
  • Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 19.5%, which is higher than its past year's earnings growth of 5.3% per year.
  • Investors are most pessimistic about the Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.5x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 45% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Banks industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
INVE A InvestorSEK 301.306.1%
+SEK 53.3b		-1.9%PE39.5x
EQT EQTSEK 331.904.7%
+SEK 17.6b		-0.4%PE42x
SWED A SwedbankSEK 281.601.8%
+SEK 5.5b		37.6%PB1.5x
INDU A AB IndustrivärdenSEK 378.403.3%
+SEK 5.3b		2.4%PE12.5x
LUND B L E LundbergföretagenSEK 494.403.0%
+SEK 3.6b		-14.3%PE16.9x

Latest News

TFBANK
SEK 181.00
TF Bank
7D
-0.3%
1Y
98.9%
CS
SEK 152.00
CoinShares International
7D
18.2%
1Y
192.9%
INDU A
SEK 378.40
AB Industrivärden
7D
3.3%
1Y
2.4%
SWED A
SEK 281.60
Swedbank
7D
1.8%
1Y
37.6%
EQT
SEK 331.90
EQT
7D
4.7%
1Y
-0.4%

EQT (STO:EQT) Will Pay A Dividend Of €2.15

Sep 25
EQT (STO:EQT) Will Pay A Dividend Of €2.15
HILB B
SEK 12.35
Hilbert Group
7D
-8.5%
1Y
157.3%
INVE A
SEK 301.30
Investor
7D
6.1%
1Y
-1.9%

Investor (STO:INVE A) Is Due To Pay A Dividend Of SEK1.45

Sep 22
Investor (STO:INVE A) Is Due To Pay A Dividend Of SEK1.45
SEB A
SEK 183.15
Skandinaviska Enskilda Banken
7D
0.5%
1Y
22.9%

Fee And AI Expansion Will Improve Operational Efficiency

Analysts have modestly raised Skandinaviska Enskilda Banken’s price target to SEK173.86, citing improved capital return prospects and stable asset quality offsetting pressure from weaker loan growth, mortgage competition, and a muted Nordic macro outlook. Analyst Commentary Bullish analysts cite improved capital return prospects and resilient fee income as key drivers for upward price target revisions.
CASE
SEK 26.40
Case Group
7D
-2.9%
1Y
72.5%
QLIRO
SEK 18.35
Qliro
7D
-5.9%
1Y
-34.6%

European Expansion And Apple Pay Integration Will Improve Future Prospects

Qliro's significant drop in consensus price target reflects a weaker earnings outlook, as indicated by the sharp fall in net profit margin and higher future P/E, bringing the fair value down from SEK24.75 to SEK21.50. What's in the News Qliro AB expects operating income growth of around 15% for the fourth quarter of 2025.
TRAN A
SEK 1.30
Transferator
7D
-20.2%
1Y
-42.7%
LUND B
SEK 494.40
L E Lundbergföretagen
7D
3.0%
1Y
-14.3%
SEAF
SEK 6.16
Seafire
7D
-5.8%
1Y
2.7%
SAFETY B
SEK 17.40
mySafety Group
7D
-4.4%
1Y
127.2%
SHB A
SEK 121.25
Svenska Handelsbanken
7D
0.5%
1Y
19.8%
TRAC B
SEK 250.00
AB Traction
7D
-1.6%
1Y
-11.0%