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Swedish (OMX) Diversified Banks Industry Analysis

UpdatedAug 13, 2026
DataAggregated Company Financials
Companies8
  • 7D-0.8%
  • 3M19.2%
  • 1Y27.3%
  • YTDn/a

The Diversified Banks industry has stayed flat over the last week. The past year has been better, since the industry has gained 27% in that time. As for the next few years, earnings are expected to grow by 4.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Aug 2026SEK 1.2tSEK 212.9bSEK 92.0b12.9x13.3x5.7x
Sat, 11 Jul 2026SEK 1.2tSEK 211.9bSEK 92.7b12.4x12.5x5.5x
Mon, 08 Jun 2026SEK 1.1tSEK 211.9bSEK 92.7b10.9x11.6x5.1x
Wed, 06 May 2026SEK 1.0tSEK 211.5bSEK 92.5b11.4x11.3x4.9x
Fri, 03 Apr 2026SEK 1.0tSEK 214.8bSEK 93.7b11.3x11x4.8x
Sun, 01 Mar 2026SEK 1.1tSEK 214.8bSEK 93.7b12.2x12.1x5.3x
Tue, 27 Jan 2026SEK 1.2tSEK 219.3bSEK 95.0b13.2x12.2x5.3x
Thu, 25 Dec 2025SEK 1.1tSEK 218.6bSEK 94.9b12.2x11.5x5x
Sat, 22 Nov 2025SEK 1.0tSEK 218.6bSEK 94.9b11.3x10.6x4.6x
Mon, 20 Oct 2025SEK 991.1bSEK 223.1bSEK 98.2b10.8x10.1x4.4x
Wed, 17 Sep 2025SEK 929.7bSEK 216.3bSEK 95.2b10.5x9.8x4.3x
Fri, 15 Aug 2025SEK 940.4bSEK 216.3bSEK 95.2b10.5x9.9x4.3x
Sun, 13 Jul 2025SEK 892.3bSEK 220.7bSEK 98.1b9.5x9.1x4x
Tue, 10 Jun 2025SEK 900.5bSEK 220.6bSEK 98.0b9.7x9.2x4.1x
Thu, 08 May 2025SEK 862.3bSEK 220.6bSEK 98.1b9.2x8.8x3.9x
Sat, 05 Apr 2025SEK 726.6bSEK 222.9bSEK 99.9b7.6x7.3x3.3x
Mon, 03 Mar 2025SEK 926.5bSEK 222.9bSEK 99.9b9.8x9.3x4.2x
Wed, 29 Jan 2025SEK 874.1bSEK 222.3bSEK 100.5b9.1x8.7x3.9x
Fri, 27 Dec 2024SEK 788.1bSEK 221.6bSEK 100.2b8.3x7.9x3.6x
Sun, 24 Nov 2024SEK 782.3bSEK 221.6bSEK 100.2b8.1x7.8x3.5x
Tue, 22 Oct 2024SEK 768.1bSEK 221.9bSEK 101.6b7.4x7.6x3.5x
Thu, 19 Sep 2024SEK 1.2tSEK 355.9bSEK 159.3b7.4x7.6x3.4x
Sat, 17 Aug 2024SEK 1.2tSEK 357.8bSEK 160.1b7.3x7.5x3.4x
Mon, 15 Jul 2024SEK 1.2tSEK 355.5bSEK 161.4b7.4x7.7x3.5x
Wed, 12 Jun 2024SEK 1.2tSEK 352.9bSEK 160.3b7.4x7.6x3.4x
Fri, 10 May 2024SEK 1.2tSEK 358.2bSEK 162.6b7.2x7.4x3.4x
Sun, 07 Apr 2024SEK 1.2tSEK 350.5bSEK 158.4b7.7x7.6x3.4x
Tue, 05 Mar 2024SEK 1.3tSEK 347.3bSEK 157.0b8.2x8.2x3.7x
Thu, 01 Feb 2024SEK 1.2tSEK 346.1bSEK 158.1b8x7.8x3.6x
Sat, 30 Dec 2023SEK 1.2tSEK 341.5bSEK 155.6b7.8x7.6x3.5x
Mon, 27 Nov 2023SEK 1.1tSEK 345.1bSEK 157.2b7.2x7.1x3.2x
Wed, 25 Oct 2023SEK 1.1tSEK 338.8bSEK 152.0b7.3x7.4x3.3x
Fri, 22 Sep 2023SEK 1.2tSEK 331.7bSEK 146.7b7.8x7.8x3.5x
Sun, 20 Aug 2023SEK 1.1tSEK 332.0bSEK 146.8b7.4x7.5x3.3x
Price to Earnings Ratio

7.5x


Total Market Cap: SEK 1.1tTotal Earnings: SEK 146.8bTotal Revenue: SEK 332.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Diversified Banks Industry Price to Earnings3Y Average 9.1x202420252026
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 13.3x which is higher than its 3-year average PE of 9.1x.
  • The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 5.7x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have declined 14% per year over the last three years,
  • Revenues have also declined 14% 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 Market-0.91%
Financials-1.03%
Banks-0.79%
Diversified Banks-0.79%
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
NOBA NOBA Bank GroupSEK 87.802.3%
+SEK 1.0b		n/aPB1.6x
AVARDA Avarda BankSEK 203.505.1%
+SEK 640.0m		40.9%PB3.9x
MORROW Morrow BankSEK 14.007.5%
+SEK 277.5m		n/aPB1.5x
NORION Norion BankSEK 67.400.6%
+SEK 70.4m		-4.1%PB1.2x
LEA Lea BankSEK 12.542.0%
+SEK 23.2m		2.0%PB0.8x

Latest News

MORROW
SEK 14.00
Morrow Bank
7D
7.5%
1Y
n/a
SWED A
SEK 380.20
Swedbank
7D
-2.1%
1Y
38.3%
Narrative Update • Aug 05

SWED A: Higher Baltic Rates And Cost Cuts Will Shape Earnings Outlook

Swedbank's analyst price target has been updated from SEK 390 to about SEK 425, with analysts pointing to refinements in discount rate assumptions, revenue growth forecasts, profit margins and P/E expectations. Analyst Commentary Recent research on Swedbank shows a cluster of upward price target revisions and a key rating upgrade that together signal improving confidence in the stock.
NORION
SEK 67.40
Norion Bank
7D
0.6%
1Y
-4.1%
SEB A
SEK 222.00
Skandinaviska Enskilda Banken
7D
-1.6%
1Y
23.2%
Narrative Update • Jul 22

SEB A: Future Returns Will Reflect Execution And Disciplined Share Repurchases

The analyst fair value estimate for Skandinaviska Enskilda Banken has been raised from SEK 197.12 to SEK 205.35, with analysts pointing to a series of higher SEK 204 to SEK 230 price targets and slight adjustments to growth, margin and P/E assumptions as key drivers. Analyst Commentary Recent Street research on Skandinaviska Enskilda Banken shows a mix of higher and lower price targets within a relatively tight SEK 170 to SEK 230 range.
SHB A
SEK 147.60
Svenska Handelsbanken
7D
-0.9%
1Y
17.8%
NOBA
SEK 87.80
NOBA Bank Group
7D
2.3%
1Y
n/a
AVARDA
SEK 203.50
Avarda Bank
7D
5.1%
1Y
40.9%
LEA
SEK 12.54
Lea Bank
7D
2.0%
1Y
2.0%