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Swedish (OMX) Banks Industry Analysis

UpdatedDec 02, 2024
DataAggregated Company Financials
Companies5
  • 7D1.5%
  • 3M0.6%
  • 1Y14.4%
  • YTD5.8%

Over the last 7 days, the Banks industry has risen 1.5%, driven by gains from every company within the industry. This takes the industry's 12 month performance to a gain of 14%. As for the next few years, earnings are forecast to decline by 6.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Dec 2024SEK 790.7bSEK 221.6bSEK 100.2b8.3x7.9x3.6x
Wed, 30 Oct 2024SEK 799.7bSEK 221.6bSEK 100.2b8.2x8x3.6x
Fri, 27 Sep 2024SEK 1.2tSEK 355.3bSEK 159.1b7.5x7.6x3.4x
Sun, 25 Aug 2024SEK 1.2tSEK 356.4bSEK 159.5b7.4x7.6x3.4x
Tue, 23 Jul 2024SEK 1.3tSEK 359.7bSEK 160.9b7.6x7.8x3.5x
Thu, 20 Jun 2024SEK 1.2tSEK 352.3bSEK 160.0b7.5x7.5x3.4x
Sat, 18 May 2024SEK 1.2tSEK 357.4bSEK 162.2b7.4x7.6x3.5x
Mon, 15 Apr 2024SEK 1.2tSEK 351.3bSEK 158.7b7.7x7.6x3.5x
Wed, 13 Mar 2024SEK 1.3tSEK 346.4bSEK 156.6b8.3x8.2x3.7x
Fri, 09 Feb 2024SEK 1.2tSEK 347.1bSEK 157.1b7.8x7.7x3.5x
Sun, 07 Jan 2024SEK 1.2tSEK 342.6bSEK 156.1b8x7.8x3.5x
Tue, 05 Dec 2023SEK 1.1tSEK 343.5bSEK 156.5b7.2x7.1x3.2x
Thu, 02 Nov 2023SEK 1.1tSEK 349.6bSEK 159.2b6.9x6.8x3.1x
Sat, 30 Sep 2023SEK 1.1tSEK 327.4bSEK 144.9b7.8x7.8x3.5x
Mon, 28 Aug 2023SEK 1.1tSEK 331.9bSEK 146.8b7.3x7.4x3.3x
Wed, 26 Jul 2023SEK 1.1tSEK 326.7bSEK 144.6b7.7x7.7x3.4x
Fri, 23 Jun 2023SEK 1.0tSEK 307.1bSEK 131.2b7.9x7.8x3.4x
Sun, 21 May 2023SEK 1.0tSEK 303.4bSEK 129.6b7.7x7.8x3.3x
Tue, 18 Apr 2023SEK 1.1tSEK 278.0bSEK 112.0b9x9.4x3.8x
Thu, 16 Mar 2023SEK 1.1tSEK 276.8bSEK 111.5b9x9.6x3.9x
Sat, 11 Feb 2023SEK 1.1tSEK 276.4bSEK 111.4b10x10.3x4.1x
Mon, 09 Jan 2023SEK 1.1tSEK 257.2bSEK 104.5b10.5x10.7x4.4x
Wed, 07 Dec 2022SEK 1.1tSEK 254.6bSEK 103.5b9.9x10.2x4.1x
Fri, 04 Nov 2022SEK 1.0tSEK 254.4bSEK 103.5b9.9x10x4.1x
Sun, 02 Oct 2022SEK 946.1bSEK 249.0bSEK 102.6b9.1x9.2x3.8x
Tue, 30 Aug 2022SEK 934.1bSEK 246.9bSEK 101.8b8.8x9.2x3.8x
Thu, 28 Jul 2022SEK 939.8bSEK 243.2bSEK 100.3b9.1x9.4x3.9x
Sat, 25 Jun 2022SEK 897.6bSEK 244.7bSEK 102.6b8.5x8.7x3.7x
Mon, 23 May 2022SEK 973.8bSEK 243.2bSEK 102.0b9.8x9.5x4x
Wed, 20 Apr 2022SEK 982.7bSEK 243.4bSEK 105.4b9.8x9.3x4x
Fri, 18 Mar 2022SEK 1.0tSEK 243.8bSEK 105.9b9.7x9.5x4.1x
Sun, 13 Feb 2022SEK 1.1tSEK 244.9bSEK 106.3b10.5x10.4x4.5x
Tue, 11 Jan 2022SEK 1.1tSEK 242.6bSEK 100.7b11.7x11.3x4.7x
Thu, 09 Dec 2021SEK 1.1tSEK 242.0bSEK 100.4b11.9x11.2x4.7x
Price to Earnings Ratio

11.2x


Total Market Cap: SEK 1.1tTotal Earnings: SEK 100.4bTotal Revenue: SEK 242.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Banks Industry Price to Earnings3Y Average 8.7x202220232024
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 8.7x.
  • 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 Market0.49%
Financials1.11%
Banks1.54%
Diversified Banks1.54%
Regional Banks0%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 8.7x.
    • Analysts are expecting annual earnings decline of 6.8%, 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 close to 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 6.8% 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 6.8% 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
SHB A Svenska HandelsbankenSEK 113.502.3%
+SEK 5.0b
13.7%PB1.1x
SWED A SwedbankSEK 213.801.7%
+SEK 3.9b
9.2%PB1.2x
SEB A Skandinaviska Enskilda BankenSEK 151.500.6%
+SEK 1.9b
18.4%PB1.4x
TFBANK TF BankSEK 347.0010.5%
+SEK 709.5m
131.3%PB3x
NORION Norion BankSEK 39.354.2%
+SEK 328.6m
0.8%PB0.9x
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