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Swedish (OMX) Banks Industry Analysis

UpdatedDec 03, 2023
DataAggregated Company Financials
  • 7D-0.4%
  • 3M0.7%
  • 1Y6.5%
  • YTD3.0%

Over the last 7 days, the Banks industry has remained flat. The past year has been better, since the industry has gained 6.5% in that time. In the next few years, earnings are forecast to decline by 4.4% annually.

Industry Valuation and Performance

Has the Swedish Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 03 Dec 2023kr1.1tkr343.2bkr156.4b7.2x7.1x3.2x
Tue, 31 Oct 2023kr1.1tkr349.6bkr159.1b6.9x6.7x3.1x
Thu, 28 Sep 2023kr1.1tkr328.2bkr145.2b7.7x7.7x3.4x
Sat, 26 Aug 2023kr1.1tkr332.0bkr146.8b7.3x7.4x3.3x
Mon, 24 Jul 2023kr1.1tkr327.7bkr145.0b7.5x7.6x3.3x
Wed, 21 Jun 2023kr1.1tkr307.8bkr131.4b8.2x8.1x3.5x
Fri, 19 May 2023kr1.0tkr303.4bkr129.6b7.7x7.7x3.3x
Sun, 16 Apr 2023kr1.1tkr278.4bkr112.1b9.1x9.5x3.8x
Tue, 14 Mar 2023kr1.1tkr278.5bkr112.2b9.4x10x4x
Thu, 09 Feb 2023kr1.2tkr275.0bkr111.1b10.2x10.5x4.2x
Sat, 07 Jan 2023kr1.1tkr257.2bkr104.5b10.5x10.7x4.4x
Mon, 05 Dec 2022kr1.1tkr254.4bkr103.5b10.1x10.3x4.2x
Wed, 02 Nov 2022kr1.0tkr254.5bkr103.5b9.8x9.9x4x
Fri, 30 Sep 2022kr932.0bkr249.5bkr102.7b8.9x9.1x3.7x
Sun, 28 Aug 2022kr951.3bkr246.4bkr101.6b8.9x9.4x3.9x
Tue, 26 Jul 2022kr932.5bkr242.8bkr100.1b9x9.3x3.8x
Thu, 23 Jun 2022kr919.1bkr244.5bkr102.5b8.7x9x3.8x
Sat, 21 May 2022kr973.9bkr243.2bkr102.0b9.8x9.5x4x
Mon, 18 Apr 2022kr976.0bkr243.6bkr105.5b9.6x9.3x4x
Wed, 16 Mar 2022kr987.6bkr244.9bkr106.3b9.4x9.3x4x
Fri, 11 Feb 2022kr1.1tkr245.1bkr106.4b10.5x10.4x4.5x
Sun, 09 Jan 2022kr1.1tkr242.3bkr100.6b11.8x11.4x4.7x
Tue, 07 Dec 2021kr1.1tkr242.0bkr100.5b12x11.4x4.7x
Thu, 04 Nov 2021kr1.2tkr238.8bkr99.2b12.4x11.7x4.9x
Sat, 02 Oct 2021kr1.1tkr234.9bkr94.3b12.7x12x4.8x
Mon, 30 Aug 2021kr1.1tkr234.7bkr94.3b11.9x11.3x4.5x
Tue, 06 Jul 2021kr1.0tkr234.7bkr94.3b11.4x10.7x4.3x
Fri, 09 Apr 2021kr946.1bkr220.3bkr81.9b11.8x11.5x4.3x
Thu, 31 Dec 2020kr786.3bkr205.8bkr67.2b11.8x11.7x3.8x
Price to Earnings Ratio


Total Market Cap: kr844.3bTotal Earnings: kr68.4bTotal Revenue: kr210.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Banks Industry Price to Earnings3Y Average 10x202120222023
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 7.1x which is lower than its 3-year average PE of 10.0x.
  • The 3-year average PS ratio of 4.0x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 32% per year over the last three years.
  • Revenues for these companies have grown 18% 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 industry?

SE Market0.70%
Regional Banks0%
Diversified Banks-0.40%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 10.0x.
    • Analysts are expecting annual earnings decline of 4.4%, which is lower than the prior year's growth of 38.5% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 10.0x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Diversified Banks industry since they expect its earnings to decline by only 4.4% 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 39% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings decline by 4.4% 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
SWED A Swedbankkr194.400.2%
NORION Norion Bankkr39.200.5%
TFBANK TF Bankkr148.601.1%
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