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Swedish (OMX) Diversified Banks Industry Analysis

UpdatedMar 29, 2026
DataAggregated Company Financials
Companies8
  • 7D-6.5%
  • 3M-9.9%
  • 1Y12.9%
  • YTDn/a

Over the last 7 days, the Diversified Banks industry has dropped 6.5%, driven by Svenska Handelsbanken declining 12%. On the other hand Morrow Bank is actually up 5.4%. This takes the industry's 12 month performance to a gain of 13%. Looking forward, earnings are forecast to grow by 3.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 29 Mar 2026SEK 982.7bSEK 214.8bSEK 93.7b11.1x10.5x4.6x
Tue, 24 Feb 2026SEK 1.1tSEK 214.8bSEK 93.7b12.2x12.1x5.3x
Thu, 22 Jan 2026SEK 1.1tSEK 219.3bSEK 95.0b13.1x12.1x5.2x
Sat, 20 Dec 2025SEK 1.1tSEK 218.6bSEK 94.9b12.2x11.4x5x
Mon, 17 Nov 2025SEK 1.0tSEK 218.6bSEK 94.9b11.6x10.8x4.7x
Wed, 15 Oct 2025SEK 1.0tSEK 223.0bSEK 98.2b10.8x10.2x4.5x
Fri, 12 Sep 2025SEK 925.1bSEK 216.3bSEK 95.2b10.5x9.7x4.3x
Sun, 10 Aug 2025SEK 913.9bSEK 216.3bSEK 95.2b10.2x9.6x4.2x
Tue, 08 Jul 2025SEK 901.4bSEK 220.6bSEK 98.0b9.7x9.2x4.1x
Thu, 05 Jun 2025SEK 900.2bSEK 220.6bSEK 98.0b9.6x9.2x4.1x
Sat, 03 May 2025SEK 850.0bSEK 220.6bSEK 98.1b9.1x8.7x3.9x
Mon, 31 Mar 2025SEK 843.5bSEK 222.9bSEK 99.9b8.9x8.4x3.8x
Wed, 26 Feb 2025SEK 922.1bSEK 222.9bSEK 99.9b9.7x9.2x4.1x
Fri, 24 Jan 2025SEK 882.2bSEK 222.0bSEK 100.4b9.2x8.8x4x
Sun, 22 Dec 2024SEK 781.2bSEK 221.6bSEK 100.2b8.2x7.8x3.5x
Tue, 19 Nov 2024SEK 792.4bSEK 221.6bSEK 100.2b8.2x7.9x3.6x
Thu, 17 Oct 2024SEK 756.6bSEK 221.8bSEK 101.5b7.2x7.5x3.4x
Sat, 14 Sep 2024SEK 1.2tSEK 355.7bSEK 159.2b7.3x7.5x3.4x
Mon, 12 Aug 2024SEK 1.2tSEK 357.5bSEK 160.0b7.3x7.4x3.3x
Wed, 10 Jul 2024SEK 1.2tSEK 354.6bSEK 161.0b7.2x7.4x3.4x
Fri, 07 Jun 2024SEK 1.2tSEK 353.3bSEK 160.4b7.4x7.5x3.4x
Sun, 05 May 2024SEK 1.2tSEK 357.4bSEK 162.2b7.2x7.3x3.3x
Tue, 02 Apr 2024SEK 1.2tSEK 350.5bSEK 158.4b7.7x7.5x3.4x
Thu, 29 Feb 2024SEK 1.3tSEK 346.0bSEK 156.7b8.2x8.1x3.7x
Sat, 27 Jan 2024SEK 1.3tSEK 347.4bSEK 158.6b8.1x7.9x3.6x
Mon, 25 Dec 2023SEK 1.2tSEK 340.2bSEK 155.1b7.7x7.5x3.4x
Wed, 22 Nov 2023SEK 1.1tSEK 344.8bSEK 157.1b7.1x6.9x3.2x
Fri, 20 Oct 2023SEK 1.2tSEK 331.5bSEK 147.2b7.8x7.8x3.5x
Sun, 17 Sep 2023SEK 1.1tSEK 331.8bSEK 146.7b7.7x7.7x3.4x
Tue, 15 Aug 2023SEK 1.1tSEK 330.4bSEK 146.1b7.6x7.6x3.4x
Thu, 13 Jul 2023SEK 1.1tSEK 305.4bSEK 130.4b8.2x8.2x3.5x
Sat, 10 Jun 2023SEK 1.1tSEK 306.2bSEK 130.8b8.1x8x3.4x
Mon, 08 May 2023SEK 1.0tSEK 301.5bSEK 128.8b7.8x7.8x3.4x
Wed, 05 Apr 2023SEK 1.0tSEK 277.4bSEK 111.8b8.7x9.1x3.7x
Price to Earnings Ratio

9.1x


Total Market Cap: SEK 1.0tTotal Earnings: SEK 111.8bTotal Revenue: SEK 277.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Diversified Banks Industry Price to Earnings3Y Average 8.6x202420252026
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 10.5x which is higher than its 3-year average PE of 8.6x.
  • The 3-year average PS ratio of 3.8x is lower than the industry's current PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have declined 5.8% per year over the last three years,
  • Revenues have also declined 8.2% 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 Market0.097%
Financials-0.96%
Banks-6.53%
Diversified Banks-6.53%
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
MORROW Morrow BankSEK 12.535.4%
+SEK 148.1m		n/aPB1.1x
TFBANK TF BankSEK 156.101.3%
+SEK 129.3m		39.0%PB3.1x
LEA Lea BankSEK 14.001.8%
+SEK 24.1m		0%PB1x
NORION Norion BankSEK 55.600.2%
+SEK 19.0m		60.0%PB1.1x

Latest News

TFBANK
SEK 156.10
TF Bank
7D
1.3%
1Y
39.0%
SHB A
SEK 119.10
Svenska Handelsbanken
7D
-12.0%
1Y
3.8%

SHB A: Future Returns Will Hinge On Dividend Payouts And Mixed Rating Signals

The analyst price target for Svenska Handelsbanken has been adjusted slightly higher to SEK 135.47 from SEK 134.80, as analysts factor in updated views on fair value, profitability, and modestly stronger revenue assumptions following recent target moves and mixed rating actions across the Street. Analyst Commentary Recent Street research on Svenska Handelsbanken points to a mixed setup, with some analysts lifting price targets while others turn more cautious on the shares and rating.
SEB A
SEK 170.70
Skandinaviska Enskilda Banken
7D
-4.1%
1Y
2.0%
SWED A
SEK 307.90
Swedbank
7D
-6.0%
1Y
32.8%
MORROW
SEK 12.53
Morrow Bank
7D
5.4%
1Y
n/a
LEA
SEK 14.00
Lea Bank
7D
1.8%
1Y
0%
NORION
SEK 55.60
Norion Bank
7D
0.2%
1Y
60.0%
NOBA
SEK 78.15
NOBA Bank Group
7D
-0.5%
1Y
n/a