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Swedish (OMX) Financials Sector Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies71
  • 7D0.9%
  • 3M10.1%
  • 1Y11.6%
  • YTD2.9%

Last week, the Financials industry hasn't moved much but Investor is up 5.2% in that time. The past year has been better, since the industry has gained 12% in that time. As for the next few years, earnings are forecast to decline by 6.9% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026SEK 3.2tSEK 582.1bSEK 293.1b14.2x10.8x5.4x
Tue, 06 Jan 2026SEK 3.1tSEK 499.7bSEK 208.2b15.9x14.9x6.2x
Thu, 04 Dec 2025SEK 3.0tSEK 500.2bSEK 207.9b17x14.2x5.9x
Sat, 01 Nov 2025SEK 2.9tSEK 500.8bSEK 207.0b17.4x14.1x5.8x
Mon, 29 Sep 2025SEK 2.8tSEK 460.4bSEK 163.2b16.3x17x6x
Wed, 27 Aug 2025SEK 2.8tSEK 453.1bSEK 158.0b15.4x17.6x6.1x
Fri, 25 Jul 2025SEK 2.7tSEK 453.1bSEK 157.7b16.8x17.4x6.1x
Sun, 22 Jun 2025SEK 2.6tSEK 467.0bSEK 169.7b14.6x15x5.5x
Tue, 20 May 2025SEK 2.7tSEK 464.9bSEK 171.1b15.1x15.7x5.8x
Thu, 17 Apr 2025SEK 2.4tSEK 545.7bSEK 250.2b12.7x9.7x4.4x
Sat, 15 Mar 2025SEK 2.8tSEK 552.6bSEK 258.8b12.1x10.8x5x
Mon, 10 Feb 2025SEK 2.8tSEK 572.2bSEK 278.1b9.4x10x4.9x
Wed, 08 Jan 2025SEK 2.6tSEK 656.1bSEK 366.7b8.6x7.1x4x
Fri, 06 Dec 2024SEK 2.6tSEK 656.1bSEK 367.0b8.7x7.2x4x
Sun, 03 Nov 2024SEK 2.6tSEK 650.8bSEK 347.7b8.5x7.4x3.9x
Tue, 01 Oct 2024SEK 3.1tSEK 747.8bSEK 372.6b8.8x8.3x4.1x
Thu, 29 Aug 2024SEK 3.0tSEK 748.8bSEK 371.8b8.7x8.1x4x
Sat, 27 Jul 2024SEK 3.0tSEK 754.0bSEK 368.3b9.3x8.3x4x
Mon, 24 Jun 2024SEK 2.9tSEK 731.0bSEK 352.7b13.4x8.3x4x
Wed, 22 May 2024SEK 3.0tSEK 735.0bSEK 352.8b16.3x8.5x4.1x
Fri, 19 Apr 2024SEK 2.8tSEK 732.5bSEK 369.7b12.3x7.6x3.8x
Sun, 17 Mar 2024SEK 3.0tSEK 685.3bSEK 326.6b11.9x9.1x4.4x
Tue, 13 Feb 2024SEK 2.8tSEK 683.6bSEK 340.0b10.1x8.2x4.1x
Thu, 11 Jan 2024SEK 2.7tSEK 671.1bSEK 332.2b9.8x8x4x
Sat, 09 Dec 2023SEK 2.5tSEK 671.9bSEK 332.5b8.8x7.7x3.8x
Mon, 06 Nov 2023SEK 2.4tSEK 674.2bSEK 331.6b9.7x7.1x3.5x
Wed, 04 Oct 2023SEK 2.4tSEK 670.0bSEK 333.7b8.9x7.2x3.6x
Fri, 01 Sep 2023SEK 2.4tSEK 664.8bSEK 335.3b9.9x7.1x3.6x
Sun, 30 Jul 2023SEK 2.4tSEK 664.5bSEK 326.0b9.5x7.5x3.7x
Tue, 27 Jun 2023SEK 2.3tSEK 515.5bSEK 194.0b8.7x11.6x4.4x
Thu, 25 May 2023SEK 2.3tSEK 506.8bSEK 188.1b9.2x12x4.5x
Sat, 22 Apr 2023SEK 2.3tSEK 473.4bSEK 171.0b12.5x13.4x4.8x
Mon, 20 Mar 2023SEK 1.5tSEK 370.2bSEK 125.6b10.1x11.6x3.9x
Wed, 15 Feb 2023SEK 1.7tSEK 367.7bSEK 113.2b10.5x14.7x4.5x
Price to Earnings Ratio

14.7x


Total Market Cap: SEK 1.7tTotal Earnings: SEK 113.2bTotal Revenue: SEK 367.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Financials Sector Price to Earnings3Y Average 10.7x202420252026
Current Industry PE
  • Investors are relatively neutral on the Swedish Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 10.7x.
  • The 3-year average PS ratio of 4.6x is lower than the industry's current PS ratio of 5.4x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 37% per year over the last three years.
  • Revenues for these companies have grown 17% 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 Market2.14%
Financials0.93%
Consumer Finance12.85%
Diversified Financial5.08%
Banks1.47%
Mortgage Finance0%0
Insurance-1.29%
Capital Markets-9.99%
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 20.8%, which is higher than its past year's earnings growth of 12.6% per year.
  • Investors are most pessimistic about the Diversified Financial industry, which is trading below its 3-year average of 14.1x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Finance industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings growth rate of 17% per year.
  • In contrast, the Diversified Financial industry is expected to see its earnings decline by 30% 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
INVE A InvestorSEK 358.505.2%
+SEK 54.2b		15.6%PE7x
INDU A AB IndustrivärdenSEK 482.608.4%
+SEK 16.2b		23.0%PE5.9x
SEB A Skandinaviska Enskilda BankenSEK 197.303.1%
+SEK 11.7b		22.7%PB1.7x
SWED A SwedbankSEK 355.202.5%
+SEK 8.9b		44.0%PB1.8x
LUND B L E LundbergföretagenSEK 547.503.3%
+SEK 4.3b		2.8%PE17.9x

Latest News

KINV B
SEK 66.72
Kinnevik
7D
-8.6%
1Y
-25.4%
HOFI
SEK 142.20
Hoist Finance
7D
13.7%
1Y
79.8%
INDU A
SEK 482.60
AB Industrivärden
7D
8.4%
1Y
23.0%
SHB A
SEK 142.05
Svenska Handelsbanken
7D
1.0%
1Y
13.2%
CS
SEK 82.30
CoinShares International
7D
-15.9%
1Y
-10.1%
ENITY
SEK 88.50
Enity Holding
7D
-19.9%
1Y
n/a
ROKO B
SEK 1,535.60
Röko
7D
-3.7%
1Y
n/a
SAVE
SEK 300.40
Nordnet
7D
4.2%
1Y
13.4%

SAVE: Future Returns Will Rely On Trading Activity And Cash Distribution Framework

Analysts have raised their fair value estimate for Nordnet to SEK 297.27 from SEK 284.64, citing updated assumptions for revenue growth, discount rate and future P/E that they state better reflect the company’s current risk and earnings profile. What's in the News The Board of Directors intends to propose a dividend of SEK 8.60 per share for 2025, signalling a planned cash return framework for shareholders if approved (Key Developments).
SWED A
SEK 355.20
Swedbank
7D
2.5%
1Y
44.0%

Long Term Digital And Sustainability Trends Will Support A Stronger Banking Franchise

Catalysts About Swedbank Swedbank is a universal bank focused on retail and corporate customers across Sweden and the Baltic countries, offering lending, deposits, cards, savings, pensions and investment services. What are the underlying business or industry changes driving this perspective?
NOBA
SEK 104.94
NOBA Bank Group
7D
-9.2%
1Y
n/a
SEB A
SEK 197.30
Skandinaviska Enskilda Banken
7D
3.1%
1Y
22.7%

SEB A: Fair SEK 193.75 View Will Guide Balanced Execution Risks

Narrative Update The analyst price target for Skandinaviska Enskilda Banken has shifted to SEK 193.75 from SEK 192, as analysts update their views on revenue growth, margins, discount rate and forward P/E in light of recent Street research. Analyst Commentary Recent Street research on Skandinaviska Enskilda Banken shows a series of price target adjustments clustered around the SEK 190 to SEK 195 range, with no change to an Equal Weight stance where ratings are disclosed.
NORION
SEK 59.00
Norion Bank
7D
-13.0%
1Y
46.6%
EQT
SEK 285.30
EQT
7D
-15.6%
1Y
-21.3%
LUND B
SEK 547.50
L E Lundbergföretagen
7D
3.3%
1Y
2.8%
INVE A
SEK 358.50
Investor
7D
5.2%
1Y
15.6%

Investor's (STO:INVE A) Upcoming Dividend Will Be Larger Than Last Year's

Jan 25
Investor's (STO:INVE A) Upcoming Dividend Will Be Larger Than Last Year's
BURE
SEK 203.60
Bure Equity
7D
-7.4%
1Y
-49.6%