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Swedish (OMX) Banks Industry Analysis

UpdatedDec 25, 2024
DataAggregated Company Financials
Companies5
  • 7D-1.2%
  • 3M0.6%
  • 1Y7.9%
  • YTD5.5%

Over the last 7 days, the Banks industry has dropped 1.9%, driven by a pullback from Skandinaviska Enskilda Banken of 2.9%. This takes the industry's 12 month performance to a gain of 7.9%. 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
Wed, 25 Dec 2024SEK 788.1bSEK 221.6bSEK 100.2b8.3x7.9x3.6x
Fri, 22 Nov 2024SEK 786.5bSEK 221.6bSEK 100.2b8.1x7.9x3.5x
Sun, 20 Oct 2024SEK 770.7bSEK 221.9bSEK 101.6b7.4x7.6x3.5x
Tue, 17 Sep 2024SEK 1.2tSEK 355.7bSEK 159.2b7.3x7.5x3.4x
Thu, 15 Aug 2024SEK 1.2tSEK 358.0bSEK 160.2b7.3x7.4x3.3x
Sat, 13 Jul 2024SEK 1.2tSEK 355.4bSEK 161.4b7.4x7.7x3.5x
Mon, 10 Jun 2024SEK 1.2tSEK 354.3bSEK 160.9b7.4x7.6x3.5x
Wed, 08 May 2024SEK 1.2tSEK 357.8bSEK 162.4b7.4x7.5x3.4x
Fri, 05 Apr 2024SEK 1.2tSEK 350.6bSEK 158.4b7.6x7.6x3.4x
Sun, 03 Mar 2024SEK 1.3tSEK 346.4bSEK 156.6b8.2x8.2x3.7x
Tue, 30 Jan 2024SEK 1.2tSEK 347.0bSEK 158.4b8x7.8x3.6x
Thu, 28 Dec 2023SEK 1.2tSEK 340.3bSEK 155.1b7.8x7.6x3.5x
Sat, 25 Nov 2023SEK 1.1tSEK 344.9bSEK 157.1b7.2x7.1x3.2x
Mon, 23 Oct 2023SEK 1.1tSEK 337.4bSEK 151.4b7.5x7.5x3.4x
Wed, 20 Sep 2023SEK 1.1tSEK 331.7bSEK 146.7b7.6x7.7x3.4x
Fri, 18 Aug 2023SEK 1.1tSEK 331.1bSEK 146.4b7.5x7.5x3.3x
Sun, 16 Jul 2023SEK 1.1tSEK 305.1bSEK 130.3b8.3x8.3x3.5x
Tue, 13 Jun 2023SEK 1.0tSEK 306.2bSEK 130.8b8x8x3.4x
Thu, 11 May 2023SEK 976.7bSEK 301.8bSEK 128.9b7.6x7.6x3.2x
Sat, 08 Apr 2023SEK 1.0tSEK 278.9bSEK 112.3b8.7x9x3.6x
Mon, 06 Mar 2023SEK 1.2tSEK 276.0bSEK 111.2b10.2x11x4.4x
Wed, 01 Feb 2023SEK 1.2tSEK 268.6bSEK 108.3b10.5x10.7x4.3x
Fri, 30 Dec 2022SEK 1.1tSEK 256.9bSEK 104.4b10.2x10.5x4.3x
Sun, 27 Nov 2022SEK 1.1tSEK 254.0bSEK 103.4b10x10.3x4.2x
Tue, 25 Oct 2022SEK 1.0tSEK 254.5bSEK 104.0b9.9x10x4.1x
Thu, 22 Sep 2022SEK 1.0tSEK 249.0bSEK 102.5b9.7x9.8x4x
Sat, 20 Aug 2022SEK 981.1bSEK 246.6bSEK 101.7b9.2x9.6x4x
Mon, 18 Jul 2022SEK 882.1bSEK 244.0bSEK 101.2b8.7x8.7x3.6x
Wed, 15 Jun 2022SEK 968.0bSEK 244.2bSEK 102.4b9.2x9.5x4x
Fri, 13 May 2022SEK 958.9bSEK 248.1bSEK 107.6b9.3x8.9x3.9x
Sun, 10 Apr 2022SEK 975.5bSEK 242.3bSEK 105.2b9.6x9.3x4x
Tue, 08 Mar 2022SEK 892.8bSEK 247.6bSEK 107.4b8.3x8.3x3.6x
Thu, 03 Feb 2022SEK 1.1tSEK 244.8bSEK 102.0b11.3x10.8x4.5x
Sat, 01 Jan 2022SEK 1.1tSEK 242.2bSEK 100.5b11.6x11.1x4.6x
Price to Earnings Ratio

11.1x


Total Market Cap: SEK 1.1tTotal Earnings: SEK 100.5bTotal Revenue: SEK 242.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Banks Industry Price to Earnings3Y Average 8.6x202220232024
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 8.6x.
  • 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-1.97%
Financials-1.81%
Banks-1.24%
Regional Banks0%
Diversified Banks-1.24%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry, which is trading close to its 3-year average PE ratio of 8.6x.
    • 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 close to its 3-year average of 8.6x.
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 367.001.4%
+SEK 107.5m
122.4%PB3.1x
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Latest News

NORION

SEK 36.35

Norion Bank

7D

-4.6%

1Y

-17.1%

SEB A

SEK 149.45

Skandinaviska Enskilda Banken

7D

-2.9%

1Y

9.4%

SWED A

SEK 215.70

Swedbank

7D

-0.2%

1Y

8.2%

TFBANK

SEK 367.00

TF Bank

7D

1.4%

1Y

122.4%

SHB A

SEK 113.35

Svenska Handelsbanken

7D

-0.04%

1Y

4.8%