Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Swedish (OMX) Diversified Banks Industry Analysis

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies8
  • 7D-1.1%
  • 3M-1.6%
  • 1Y16.4%
  • YTDn/a

Over the last 7 days, the Diversified Banks industry has dropped 1.1%, driven by pullbacks in Skandinaviska Enskilda Banken and Swedbank of 1.2% and 1.0%, respectively. On the other hand Avarda Bank is actually up 5.2%. Over the past 12 months, the industry was up 16%. As for the next few years, earnings are expected to grow by 4.0% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Jun 2026SEK 1.1tSEK 211.9bSEK 92.7b10.9x11.5x5x
Sun, 03 May 2026SEK 1.0tSEK 211.5bSEK 92.5b11.5x11.3x4.9x
Tue, 31 Mar 2026SEK 999.2bSEK 214.8bSEK 93.7b11x10.7x4.7x
Thu, 26 Feb 2026SEK 1.1tSEK 214.8bSEK 93.7b12.1x12.2x5.3x
Sat, 24 Jan 2026SEK 1.1tSEK 219.3bSEK 95.0b13.2x12.1x5.2x
Mon, 22 Dec 2025SEK 1.1tSEK 218.6bSEK 94.9b12.2x11.4x5x
Wed, 19 Nov 2025SEK 993.5bSEK 218.6bSEK 94.9b11.2x10.5x4.5x
Fri, 17 Oct 2025SEK 1.0tSEK 223.0bSEK 98.2b10.9x10.2x4.5x
Sun, 14 Sep 2025SEK 930.7bSEK 216.3bSEK 95.2b10.5x9.8x4.3x
Tue, 12 Aug 2025SEK 917.7bSEK 216.3bSEK 95.2b10.2x9.6x4.2x
Thu, 10 Jul 2025SEK 907.9bSEK 220.6bSEK 98.0b9.7x9.3x4.1x
Sat, 07 Jun 2025SEK 897.8bSEK 220.6bSEK 98.0b9.6x9.2x4.1x
Mon, 05 May 2025SEK 858.7bSEK 220.6bSEK 98.1b9.2x8.8x3.9x
Wed, 02 Apr 2025SEK 834.7bSEK 222.9bSEK 99.9b8.8x8.4x3.7x
Fri, 28 Feb 2025SEK 932.4bSEK 222.9bSEK 99.9b9.8x9.3x4.2x
Sun, 26 Jan 2025SEK 874.2bSEK 222.3bSEK 100.5b9.1x8.7x3.9x
Tue, 24 Dec 2024SEK 788.1bSEK 221.6bSEK 100.2b8.3x7.9x3.6x
Thu, 21 Nov 2024SEK 782.4bSEK 221.6bSEK 100.2b8.1x7.8x3.5x
Sat, 19 Oct 2024SEK 770.7bSEK 221.9bSEK 101.6b7.4x7.6x3.5x
Mon, 16 Sep 2024SEK 1.2tSEK 355.7bSEK 159.2b7.3x7.5x3.4x
Wed, 14 Aug 2024SEK 1.2tSEK 357.7bSEK 160.1b7.3x7.4x3.3x
Fri, 12 Jul 2024SEK 1.2tSEK 354.6bSEK 161.0b7.4x7.6x3.5x
Sun, 09 Jun 2024SEK 1.2tSEK 354.3bSEK 160.9b7.4x7.6x3.5x
Tue, 07 May 2024SEK 1.2tSEK 357.5bSEK 162.3b7.3x7.5x3.4x
Thu, 04 Apr 2024SEK 1.2tSEK 350.6bSEK 158.4b7.7x7.6x3.4x
Sat, 02 Mar 2024SEK 1.3tSEK 346.4bSEK 156.6b8.2x8.2x3.7x
Mon, 29 Jan 2024SEK 1.3tSEK 347.4bSEK 158.6b8.1x7.9x3.6x
Wed, 27 Dec 2023SEK 1.2tSEK 340.3bSEK 155.1b7.7x7.5x3.4x
Fri, 24 Nov 2023SEK 1.1tSEK 344.9bSEK 157.1b7.1x7x3.2x
Sun, 22 Oct 2023SEK 1.1tSEK 337.4bSEK 151.4b7.5x7.5x3.4x
Tue, 19 Sep 2023SEK 1.1tSEK 331.8bSEK 146.7b7.6x7.6x3.4x
Thu, 17 Aug 2023SEK 1.1tSEK 331.1bSEK 146.5b7.5x7.5x3.3x
Sat, 15 Jul 2023SEK 1.1tSEK 305.0bSEK 130.3b8.3x8.3x3.5x
Mon, 12 Jun 2023SEK 1.1tSEK 306.2bSEK 130.8b8.1x8x3.4x
Price to Earnings Ratio

8x


Total Market Cap: SEK 1.1tTotal Earnings: SEK 130.8bTotal Revenue: SEK 306.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Diversified Banks Industry Price to Earnings3Y Average 8.8x202420252026
Current Industry PE
  • Investors are optimistic on the Swedish Diversified Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 11.5x which is higher than its 3-year average PE of 8.8x.
  • The 3-year average PS ratio of 3.9x is lower than the industry's current PS ratio of 5.0x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have declined 11% per year over the last three years,
  • Revenues have also declined 12% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Swedish Diversified Banks compare with similar industries?

SE Market0.03%
Financials-0.54%
Banks-1.08%
Diversified Banks-1.08%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SEB A Skandinaviska Enskilda BankenSEK 185.200.2%
+SEK 376.0m		13.0%PB1.7x
AVARDA Avarda BankSEK 171.602.0%
+SEK 219.8m		35.8%PB3.2x
NORION Norion BankSEK 58.801.4%
+SEK 150.8m		26.0%PB1.1x

Latest News

LEA
SEK 12.26
Lea Bank
7D
-7.7%
1Y
-3.1%
MORROW
SEK 12.04
Morrow Bank
7D
-13.3%
1Y
n/a
SHB A
SEK 134.60
Svenska Handelsbanken
7D
-1.4%
1Y
4.9%
Narrative Update • Jun 02

SHB A: Future Returns Will Depend On Dividend Reliability And Balanced Broker Views

The analyst fair value estimate for Svenska Handelsbanken is now SEK 129.08, a small adjustment that reflects recent Street research in which some analysts trimmed price targets to SEK 120 while others nudged them higher to SEK 129, leaving a broadly balanced view on the stock. Analyst Commentary Recent research on Svenska Handelsbanken points to a mixed but relatively tight valuation range, with price targets clustered between SEK 120 and SEK 135.
SEB A
SEK 185.20
Skandinaviska Enskilda Banken
7D
0.2%
1Y
13.0%
Narrative Update • Jun 02

SEB A: Future Returns Will Depend On Balanced Execution And Moderate Risk Repricing

Skandinaviska Enskilda Banken's analyst price target has been trimmed by SEK 1.19 to SEK 190.63, as analysts factor in slightly higher discount rates and modestly adjusted growth expectations while keeping profit margin and future P/E assumptions broadly steady. Analyst Commentary Recent price target moves cluster in a relatively tight SEK 175 to SEK 190 range, with several firms trimming their targets and a few lifting them by smaller increments.
NORION
SEK 58.80
Norion Bank
7D
1.4%
1Y
26.0%
SWED A
SEK 336.10
Swedbank
7D
-1.6%
1Y
32.8%
Narrative Update • May 21

SWED A: Future Returns Will Balance Higher Payouts With Tighter Repricing Range

Swedbank's fair value estimate has been nudged higher by about SEK 1 to SEK 340, as analysts factor in recent mixed price target moves from Citi and Morgan Stanley, along with modest adjustments to discount rate, growth and profit margin assumptions. Analyst Commentary Recent research on Swedbank shows a mix of cautious and more optimistic views, with several price target tweaks clustered in a relatively tight SEK range and a couple of rating upgrades.
AVARDA
SEK 171.60
Avarda Bank
7D
2.0%
1Y
35.8%
NOBA
SEK 76.70
NOBA Bank Group
7D
-1.7%
1Y
n/a