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Swedish (OMX) Financials Sector Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies68
  • 7D0.3%
  • 3M-1.8%
  • 1Y19.4%
  • YTD1.1%

Over the last 7 days, the Financials industry has remained flat, although notably EQT gained 4.7%. The past year has been better, since the industry has gained 19% in that time. As for the next few years, earnings are forecast to decline by 7.1% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 10 May 2026SEK 3.1tSEK 632.6bSEK 352.9b12.8x8.8x4.9x
Tue, 07 Apr 2026SEK 3.0tSEK 594.5bSEK 315.8b12.8x9.5x5.1x
Thu, 05 Mar 2026SEK 3.1tSEK 594.1bSEK 317.5b12.2x9.9x5.3x
Sat, 31 Jan 2026SEK 3.2tSEK 583.6bSEK 294.0b15.8x10.8x5.4x
Mon, 29 Dec 2025SEK 3.1tSEK 499.7bSEK 208.2b16x14.7x6.1x
Wed, 26 Nov 2025SEK 2.9tSEK 502.4bSEK 207.7b16.5x14.2x5.9x
Fri, 24 Oct 2025SEK 2.9tSEK 506.4bSEK 209.6b15.9x13.9x5.7x
Sun, 21 Sep 2025SEK 2.7tSEK 453.9bSEK 160.3b16.6x17.1x6x
Tue, 19 Aug 2025SEK 2.8tSEK 452.8bSEK 157.5b16.3x17.5x6.1x
Thu, 17 Jul 2025SEK 2.7tSEK 477.2bSEK 180.3b15.8x14.9x5.6x
Sat, 14 Jun 2025SEK 2.6tSEK 466.4bSEK 170.2b15.1x15x5.5x
Mon, 12 May 2025SEK 2.6tSEK 470.5bSEK 177.0b14.6x14.6x5.5x
Wed, 09 Apr 2025SEK 2.3tSEK 545.0bSEK 249.8b11.8x9.1x4.2x
Fri, 07 Mar 2025SEK 2.8tSEK 545.9bSEK 258.3b12x10.8x5.1x
Sun, 02 Feb 2025SEK 2.8tSEK 572.0bSEK 277.9b10.1x10x4.9x
Tue, 31 Dec 2024SEK 2.5tSEK 656.1bSEK 366.7b8.5x6.9x3.9x
Thu, 28 Nov 2024SEK 2.5tSEK 654.3bSEK 364.9b8.3x6.9x3.9x
Sat, 26 Oct 2024SEK 2.6tSEK 649.3bSEK 348.1b8.3x7.4x4x
Mon, 23 Sep 2024SEK 3.1tSEK 748.5bSEK 372.9b8.7x8.3x4.2x
Wed, 21 Aug 2024SEK 3.0tSEK 749.8bSEK 373.6b8.7x7.9x3.9x
Fri, 19 Jul 2024SEK 3.0tSEK 749.5bSEK 364.6b11.3x8.2x4x
Sun, 16 Jun 2024SEK 2.9tSEK 731.1bSEK 352.7b13.4x8.3x4x
Tue, 14 May 2024SEK 3.0tSEK 736.1bSEK 371.3b16x8x4x
Thu, 11 Apr 2024SEK 2.9tSEK 694.5bSEK 332.7b12.2x8.7x4.1x
Sat, 09 Mar 2024SEK 3.0tSEK 684.1bSEK 326.1b11.5x9.1x4.3x
Mon, 05 Feb 2024SEK 2.8tSEK 684.8bSEK 342.3b10.4x8.1x4x
Wed, 03 Jan 2024SEK 2.7tSEK 670.5bSEK 331.8b10.5x8.1x4x
Fri, 01 Dec 2023SEK 2.5tSEK 673.5bSEK 333.2b9.3x7.4x3.7x
Sun, 29 Oct 2023SEK 2.3tSEK 675.9bSEK 331.7b8.3x6.9x3.4x
Tue, 26 Sep 2023SEK 2.4tSEK 671.4bSEK 334.3b9.3x7.3x3.6x
Thu, 24 Aug 2023SEK 2.4tSEK 671.0bSEK 334.2b7.6x7x3.5x
Sat, 22 Jul 2023SEK 2.4tSEK 663.5bSEK 325.4b9.3x7.4x3.6x
Mon, 19 Jun 2023SEK 2.4tSEK 515.0bSEK 193.8b9x12.2x4.6x
Wed, 17 May 2023SEK 2.3tSEK 504.0bSEK 190.4b9.8x11.9x4.5x
Price to Earnings Ratio

11.9x


Total Market Cap: SEK 2.3tTotal Earnings: SEK 190.4bTotal Revenue: SEK 504.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Financials Sector Price to Earnings3Y Average 10.4x202420252026
Current Industry PE
  • Investors are pessimistic on the Swedish Financials 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 8.8x which is lower than its 3-year average PE of 10.4x.
  • The industry is trading close to its 3-year average PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 23% per year over the last three years.
  • Revenues for these companies have grown 7.9% 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 Market0.77%
Financials0.31%
Consumer Finance13.83%
Insurance6.80%
Capital Markets3.33%
Mortgage Finance0%0
Diversified Financial-0.42%
Banks-0.42%
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 22.7%, which is higher than its past year's earnings growth of 9.9% per year.
  • Investors are most pessimistic about the Diversified Financial industry, which is trading below its 3-year average of 10.6x.
Forecasted Growth
  • Analysts are most optimistic on the Capital Markets industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 9.9% per year.
  • In contrast, the Diversified Financial industry is expected to see its earnings decline by 31% 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
EQT EQTSEK 310.404.7%
+SEK 16.1b		10.5%PE46.1x
HOFI Hoist FinanceSEK 162.6014.4%
+SEK 1.8b		89.7%PE13x
BURE Bure EquitySEK 288.808.2%
+SEK 1.6b		-5.9%PB1.1x
INDU A AB IndustrivärdenSEK 489.800.6%
+SEK 1.3b		41.2%PE5.3x
CRED A CreadesSEK 79.3511.8%
+SEK 1.1b		1.3%PE19.3x

Latest News

ENITY
SEK 69.50
Enity Holding
7D
-7.3%
1Y
n/a
AVARDA
SEK 158.40
Avarda Bank
7D
-5.1%
1Y
36.2%
INVE A
SEK 364.60
Investor
7D
-0.7%
1Y
28.3%
HOFI
SEK 162.60
Hoist Finance
7D
14.4%
1Y
89.7%
Analysis Article • May 08

Hoist Finance AB (publ) Just Recorded A 28% EPS Beat: Here's What Analysts Are Forecasting Next

A week ago, Hoist Finance AB (publ) ( STO:HOFI ) came out with a strong set of quarterly numbers that could potentially...
EQT
SEK 310.40
EQT
7D
4.7%
1Y
10.5%
BURE
SEK 288.80
Bure Equity
7D
8.2%
1Y
-5.9%
SWED A
SEK 323.90
Swedbank
7D
0.06%
1Y
31.9%
Narrative Update • May 05

SWED A: Future Returns Will Reflect Higher Payouts And Cautious Repricing After Upgrades

Swedbank's analyst price target has been adjusted slightly higher to SEK 339.31 from SEK 335.33, as analysts factor in updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E, following a series of recent target increases and upgrades across major banks. Analyst Commentary Recent research activity around Swedbank has centered on refreshed valuation work, reflected in several price target changes and rating moves.
SAVE
SEK 306.00
Nordnet
7D
1.0%
1Y
17.2%
SHB A
SEK 129.45
Svenska Handelsbanken
7D
-0.8%
1Y
2.8%
SEB A
SEK 181.00
Skandinaviska Enskilda Banken
7D
-0.08%
1Y
17.1%
Narrative Update • May 04

SEB A: Future Returns Will Hinge On Execution As Views Remain Split

Analysts have nudged the fair value estimate for Skandinaviska Enskilda Banken slightly higher to SEK 191.81 from SEK 190.33, reflecting updated price targets that balance recent SEK 7 upward and SEK 12 downward moves along with mixed rating changes. Analyst Commentary Recent price target moves for Skandinaviska Enskilda Banken show a mix of optimism and caution, with some analysts lifting targets while others trim them or downgrade the stock.
LUND B
SEK 529.50
L E Lundbergföretagen
7D
-0.5%
1Y
4.4%
AZA
SEK 328.00
Avanza Bank Holding
7D
-1.0%
1Y
-2.2%
NOBA
SEK 81.50
NOBA Bank Group
7D
-3.7%
1Y
n/a
INDU A
SEK 489.80
AB Industrivärden
7D
0.6%
1Y
41.2%
CRED A
SEK 79.35
Creades
7D
11.8%
1Y
1.3%
ROKO B
SEK 1,750.00
Röko
7D
1.7%
1Y
-16.4%