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?
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.
Which industries have driven the changes within the Swedish Financials industry?
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.
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?