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Swedish (OMX) Banks Industry Analysis
UpdatedJan 24, 2025
DataAggregated Company Financials
Companies6
- 7D4.3%
- 3M12.3%
- 1Y11.4%
- YTD9.3%
In the last week, the Banks industry is up 1.1%, with Skandinaviska Enskilda Banken leading the way, up 1.2%. This takes the industry's 12 month performance to a gain of 14%. In the next few years, earnings are forecast to decline by 6.9% annually.
Industry Valuation and Performance
Has the Swedish Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 24 Jan 2025 | SEK 882.2b | SEK 222.0b | SEK 100.4b | 9.2x | 8.8x | 4x |
| Sun, 22 Dec 2024 | SEK 781.2b | SEK 221.6b | SEK 100.2b | 8.2x | 7.8x | 3.5x |
| Tue, 19 Nov 2024 | SEK 792.4b | SEK 221.6b | SEK 100.2b | 8.2x | 7.9x | 3.6x |
| Thu, 17 Oct 2024 | SEK 756.6b | SEK 221.8b | SEK 101.5b | 7.2x | 7.5x | 3.4x |
| Sat, 14 Sep 2024 | SEK 1.2t | SEK 355.7b | SEK 159.2b | 7.3x | 7.5x | 3.4x |
| Mon, 12 Aug 2024 | SEK 1.2t | SEK 357.5b | SEK 160.0b | 7.3x | 7.4x | 3.3x |
| Wed, 10 Jul 2024 | SEK 1.2t | SEK 354.6b | SEK 161.0b | 7.2x | 7.4x | 3.4x |
| Fri, 07 Jun 2024 | SEK 1.2t | SEK 353.3b | SEK 160.4b | 7.4x | 7.5x | 3.4x |
| Sun, 05 May 2024 | SEK 1.2t | SEK 357.4b | SEK 162.2b | 7.2x | 7.3x | 3.3x |
| Tue, 02 Apr 2024 | SEK 1.2t | SEK 350.5b | SEK 158.4b | 7.7x | 7.5x | 3.4x |
| Thu, 29 Feb 2024 | SEK 1.3t | SEK 346.0b | SEK 156.7b | 8.2x | 8.1x | 3.7x |
| Sat, 27 Jan 2024 | SEK 1.3t | SEK 347.4b | SEK 158.6b | 8.1x | 7.9x | 3.6x |
| Mon, 25 Dec 2023 | SEK 1.2t | SEK 340.2b | SEK 155.1b | 7.7x | 7.5x | 3.4x |
| Wed, 22 Nov 2023 | SEK 1.1t | SEK 344.8b | SEK 157.1b | 7.1x | 6.9x | 3.2x |
| Fri, 20 Oct 2023 | SEK 1.2t | SEK 331.5b | SEK 147.2b | 7.8x | 7.8x | 3.5x |
| Sun, 17 Sep 2023 | SEK 1.1t | SEK 331.8b | SEK 146.7b | 7.7x | 7.7x | 3.4x |
| Tue, 15 Aug 2023 | SEK 1.1t | SEK 330.4b | SEK 146.1b | 7.6x | 7.6x | 3.4x |
| Thu, 13 Jul 2023 | SEK 1.1t | SEK 305.4b | SEK 130.4b | 8.2x | 8.2x | 3.5x |
| Sat, 10 Jun 2023 | SEK 1.1t | SEK 306.2b | SEK 130.8b | 8.1x | 8x | 3.4x |
| Mon, 08 May 2023 | SEK 1.0t | SEK 301.5b | SEK 128.8b | 7.8x | 7.8x | 3.4x |
| Wed, 05 Apr 2023 | SEK 1.0t | SEK 277.4b | SEK 111.8b | 8.7x | 9.1x | 3.7x |
| Fri, 03 Mar 2023 | SEK 1.2t | SEK 276.1b | SEK 111.3b | 10.1x | 10.9x | 4.4x |
| Sun, 29 Jan 2023 | SEK 1.1t | SEK 262.9b | SEK 105.8b | 10.8x | 10.9x | 4.4x |
| Tue, 27 Dec 2022 | SEK 1.1t | SEK 257.0b | SEK 104.5b | 10.2x | 10.4x | 4.2x |
| Thu, 24 Nov 2022 | SEK 1.1t | SEK 254.3b | SEK 103.4b | 10.1x | 10.3x | 4.2x |
| Sat, 22 Oct 2022 | SEK 1.0t | SEK 254.5b | SEK 104.1b | 9.9x | 9.9x | 4.1x |
| Mon, 19 Sep 2022 | SEK 977.5b | SEK 248.1b | SEK 102.2b | 9.4x | 9.6x | 3.9x |
| Wed, 17 Aug 2022 | SEK 1.0t | SEK 245.7b | SEK 101.4b | 9.4x | 9.9x | 4.1x |
| Fri, 15 Jul 2022 | SEK 900.2b | SEK 244.1b | SEK 102.4b | 8.7x | 8.8x | 3.7x |
| Sun, 12 Jun 2022 | SEK 966.5b | SEK 243.5b | SEK 102.1b | 9.3x | 9.5x | 4x |
| Tue, 10 May 2022 | SEK 941.9b | SEK 249.3b | SEK 108.0b | 8.9x | 8.7x | 3.8x |
| Thu, 07 Apr 2022 | SEK 937.6b | SEK 242.6b | SEK 105.4b | 9.2x | 8.9x | 3.9x |
| Sat, 05 Mar 2022 | SEK 909.1b | SEK 247.1b | SEK 107.2b | 8.5x | 8.5x | 3.7x |
| Mon, 31 Jan 2022 | SEK 1.1t | SEK 245.8b | SEK 102.5b | 11x | 10.7x | 4.5x |
Price to Earnings Ratio
10.7x
Current Industry PE
- Investors are relatively neutral on the Swedish Banks 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 8.5x.
- The industry is trading close to its 3-year average PS ratio of 3.7x.
Past Earnings Growth
- The earnings for companies in the Banks industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have declined 3.3% per year.
- This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.
Industry Trends
Which industries have driven the changes within the Swedish Financials industry?
| SE Market | 3.26% | |
| Financials | 5.05% | |
| Banks | 4.34% | |
| Diversified Banks | 4.34% | |
| Regional Banks | 0% | 0 |
Industry PE
- Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 8.5x.
- Analysts are expecting annual earnings decline of 6.9%, which is worse than the prior year's decline of 0.3%.
- Investors are most pessimistic about the Diversified Banks industry, which is trading close to its 3-year average of 8.5x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Diversified Banks industry since they expect its earnings to decline by only 6.9% per year over the next 5 years, which isn't as bad as the other industries.
- This is even lower than its past earnings decline of 0.3% per year.
- In contrast, the Diversified Banks industry is expected to see its earnings decline by 6.9% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SWED A Swedbank | SEK 246.70 | 6.3% +SEK 16.5b | 16.0% | PB1.3x | |
| SEB A Skandinaviska Enskilda Banken | SEK 166.05 | 3.6% +SEK 11.6b | 9.4% | PB1.5x | |
| SHB A Svenska Handelsbanken | SEK 124.95 | 3.8% +SEK 9.1b | 8.1% | PB1.2x |