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Swedish (OMX) Banks Industry Analysis

UpdatedNov 24, 2024
DataAggregated Company Financials
Companies5
  • 7D-0.9%
  • 3M-0.4%
  • 1Y13.4%
  • YTD4.7%

In the last week, Banks has been flat. As for the the longer term, the industry is up 13% over the past 12 months. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 Nov 2024SEK 782.3bSEK 221.6bSEK 100.2b8.1x7.8x3.5x
Tue, 22 Oct 2024SEK 768.1bSEK 221.9bSEK 101.6b7.4x7.6x3.5x
Thu, 19 Sep 2024SEK 1.2tSEK 355.9bSEK 159.3b7.4x7.6x3.4x
Sat, 17 Aug 2024SEK 1.2tSEK 357.8bSEK 160.1b7.3x7.5x3.4x
Mon, 15 Jul 2024SEK 1.2tSEK 355.5bSEK 161.4b7.4x7.7x3.5x
Wed, 12 Jun 2024SEK 1.2tSEK 352.9bSEK 160.3b7.4x7.6x3.4x
Fri, 10 May 2024SEK 1.2tSEK 358.2bSEK 162.6b7.2x7.4x3.4x
Sun, 07 Apr 2024SEK 1.2tSEK 350.5bSEK 158.4b7.7x7.6x3.4x
Tue, 05 Mar 2024SEK 1.3tSEK 347.3bSEK 157.0b8.2x8.2x3.7x
Thu, 01 Feb 2024SEK 1.2tSEK 346.1bSEK 158.1b8x7.8x3.6x
Sat, 30 Dec 2023SEK 1.2tSEK 341.5bSEK 155.6b7.8x7.6x3.5x
Mon, 27 Nov 2023SEK 1.1tSEK 345.1bSEK 157.2b7.2x7.1x3.2x
Wed, 25 Oct 2023SEK 1.1tSEK 338.8bSEK 152.0b7.3x7.4x3.3x
Fri, 22 Sep 2023SEK 1.2tSEK 331.7bSEK 146.7b7.8x7.8x3.5x
Sun, 20 Aug 2023SEK 1.1tSEK 332.0bSEK 146.8b7.4x7.5x3.3x
Tue, 18 Jul 2023SEK 1.1tSEK 310.4bSEK 133.9b8.4x8.2x3.5x
Thu, 15 Jun 2023SEK 1.0tSEK 305.5bSEK 130.5b7.9x8x3.4x
Sat, 13 May 2023SEK 992.5bSEK 302.3bSEK 129.2b7.7x7.7x3.3x
Mon, 10 Apr 2023SEK 1.0tSEK 278.9bSEK 112.3b8.7x9x3.6x
Wed, 08 Mar 2023SEK 1.2tSEK 277.9bSEK 111.9b10.1x10.9x4.4x
Fri, 03 Feb 2023SEK 1.2tSEK 268.0bSEK 108.1b10.7x10.9x4.4x
Sun, 01 Jan 2023SEK 1.1tSEK 257.0bSEK 104.5b10.1x10.4x4.2x
Tue, 29 Nov 2022SEK 1.1tSEK 254.5bSEK 103.5b10x10.2x4.1x
Thu, 27 Oct 2022SEK 1.0tSEK 253.5bSEK 103.4b9.7x9.9x4x
Sat, 24 Sep 2022SEK 982.2bSEK 249.5bSEK 102.7b9.2x9.6x3.9x
Mon, 22 Aug 2022SEK 981.0bSEK 246.6bSEK 101.7b9.2x9.6x4x
Wed, 20 Jul 2022SEK 882.1bSEK 244.0bSEK 101.2b8.7x8.7x3.6x
Fri, 17 Jun 2022SEK 916.9bSEK 244.9bSEK 102.7b8.8x8.9x3.7x
Sun, 15 May 2022SEK 979.5bSEK 242.7bSEK 101.9b9.7x9.6x4x
Tue, 12 Apr 2022SEK 977.4bSEK 242.7bSEK 105.4b9.7x9.3x4x
Thu, 10 Mar 2022SEK 938.8bSEK 246.3bSEK 106.9b8.9x8.8x3.8x
Sat, 05 Feb 2022SEK 1.1tSEK 246.0bSEK 102.6b11x10.5x4.4x
Mon, 03 Jan 2022SEK 1.1tSEK 242.2bSEK 100.5b11.6x11.1x4.6x
Wed, 01 Dec 2021SEK 1.1tSEK 241.8bSEK 100.4b11.8x11.1x4.6x
Price to Earnings Ratio

11.1x


Total Market Cap: SEK 1.1tTotal Earnings: SEK 100.4bTotal Revenue: SEK 241.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Banks Industry Price to Earnings3Y Average 8.7x202220232024
Current Industry PE
  • Investors are pessimistic on the Swedish Banks 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 7.8x which is lower than its 3-year average PE of 8.7x.
  • 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 2.9% 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-0.23%
Financials0.31%
Banks-0.90%
Regional Banks0%
Diversified Banks-0.90%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 8.7x.
    • Analysts are expecting annual earnings decline of 6.9%, which is lower than the prior year's growth of 0.2% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 8.7x.
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 a reversal from its past annual earnings growth rate of 0.2% 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?

CompanyLast Price7D1YValuation
TFBANK TF BankSEK 317.000.3%
+SEK 21.5m		115.6%PB2.7x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
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SHB A

SEK 110.80

Svenska Handelsbanken

7D

-0.4%

1Y

9.9%

SWED A

SEK 212.90

Swedbank

7D

-1.6%

1Y

9.7%

Is Now The Time To Put Swedbank (STO:SWED A) On Your Watchlist?

Nov 22
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TFBANK

SEK 317.00

TF Bank

7D

0.3%

1Y

115.6%

SEB A

SEK 150.85

Skandinaviska Enskilda Banken

7D

-0.7%

1Y

18.3%

NORION

SEK 39.00

Norion Bank

7D

-1.6%

1Y

0%