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Swedish (OMX) Diversified Banks Industry Analysis

UpdatedSep 26, 2025
DataAggregated Company Financials
Companies7
  • 7D1.1%
  • 3M6.1%
  • 1Y19.8%
  • YTDn/a

Over the last 7 days, the Diversified Banks industry has remained flat, although notably Norion Bank declined by 6.0%. The past year has been better, since the industry has gained 21% in that time. As for the next few years, earnings are forecast to decline by 1.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Sep 2025SEK 938.3bSEK 222.9bSEK 98.1b10x9.6x4.2x
Sun, 24 Aug 2025SEK 947.1bSEK 216.3bSEK 95.2b10.5x9.9x4.4x
Tue, 22 Jul 2025SEK 864.7bSEK 216.3bSEK 95.2b9.5x9.1x4x
Thu, 19 Jun 2025SEK 888.9bSEK 220.6bSEK 98.1b9.6x9.1x4x
Sat, 17 May 2025SEK 894.2bSEK 220.6bSEK 98.0b9.6x9.1x4.1x
Mon, 14 Apr 2025SEK 747.5bSEK 222.9bSEK 99.9b7.8x7.5x3.4x
Wed, 12 Mar 2025SEK 925.7bSEK 222.9bSEK 99.9b9.7x9.3x4.2x
Fri, 07 Feb 2025SEK 867.3bSEK 222.9bSEK 99.9b9.1x8.7x3.9x
Sun, 05 Jan 2025SEK 815.8bSEK 221.6bSEK 100.2b8.6x8.1x3.7x
Tue, 03 Dec 2024SEK 800.4bSEK 221.6bSEK 100.2b8.5x8x3.6x
Thu, 31 Oct 2024SEK 789.6bSEK 221.6bSEK 100.2b8.2x7.9x3.6x
Sat, 28 Sep 2024SEK 1.2tSEK 355.0bSEK 158.9b7.4x7.6x3.4x
Mon, 26 Aug 2024SEK 1.2tSEK 356.4bSEK 159.5b7.4x7.6x3.4x
Wed, 24 Jul 2024SEK 1.3tSEK 359.8bSEK 161.0b7.5x7.8x3.5x
Fri, 21 Jun 2024SEK 1.2tSEK 352.6bSEK 160.1b7.6x7.6x3.4x
Sun, 19 May 2024SEK 1.2tSEK 357.4bSEK 162.2b7.4x7.6x3.5x
Tue, 16 Apr 2024SEK 1.2tSEK 350.9bSEK 158.5b7.7x7.6x3.4x
Thu, 14 Mar 2024SEK 1.3tSEK 346.6bSEK 156.7b8.3x8.2x3.7x
Sat, 10 Feb 2024SEK 1.2tSEK 347.0bSEK 157.1b7.8x7.7x3.5x
Mon, 08 Jan 2024SEK 1.2tSEK 342.6bSEK 156.1b8x7.8x3.5x
Wed, 06 Dec 2023SEK 1.1tSEK 343.7bSEK 156.6b7.3x7.2x3.3x
Fri, 03 Nov 2023SEK 1.1tSEK 349.3bSEK 159.0b6.9x6.8x3.1x
Sun, 01 Oct 2023SEK 1.1tSEK 327.6bSEK 145.0b7.7x7.8x3.5x
Tue, 29 Aug 2023SEK 1.1tSEK 331.4bSEK 146.6b7.5x7.5x3.3x
Thu, 27 Jul 2023SEK 1.1tSEK 327.7bSEK 145.0b7.5x7.6x3.4x
Sat, 24 Jun 2023SEK 1.0tSEK 306.7bSEK 131.0b7.9x7.9x3.4x
Mon, 22 May 2023SEK 1.0tSEK 303.4bSEK 129.6b7.7x7.8x3.3x
Wed, 19 Apr 2023SEK 1.1tSEK 277.9bSEK 111.9b9.1x9.5x3.8x
Fri, 17 Mar 2023SEK 1.1tSEK 276.4bSEK 111.4b8.9x9.5x3.8x
Sun, 12 Feb 2023SEK 1.1tSEK 276.5bSEK 111.4b10x10.3x4.1x
Tue, 10 Jan 2023SEK 1.1tSEK 256.8bSEK 104.4b10.7x10.9x4.4x
Thu, 08 Dec 2022SEK 1.0tSEK 254.5bSEK 103.5b9.8x10.1x4.1x
Sat, 05 Nov 2022SEK 1.0tSEK 254.1bSEK 103.4b10x10.1x4.1x
Mon, 03 Oct 2022SEK 946.0bSEK 249.0bSEK 102.6b9.1x9.2x3.8x
Price to Earnings Ratio

9.2x


Total Market Cap: SEK 946.0bTotal Earnings: SEK 102.6bTotal Revenue: SEK 249.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Diversified Banks Industry Price to Earnings3Y Average 8.5x202320242025
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 9.9x which is higher than its 3-year average PE of 8.5x.
  • The 3-year average PS ratio of 3.7x is lower than the industry's current PS ratio of 4.3x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have declined 2.5% per year over the last three years,
  • Revenues have also declined 4.6% 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-1.57%
Financials-1.22%
Banks1.11%
Diversified Banks1.11%
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 182.251.4%
+SEK 4.9b		16.2%PB1.7x
SWED A SwedbankSEK 276.701.0%
+SEK 3.0b		26.9%PB1.5x
SHB A Svenska HandelsbankenSEK 120.701.1%
+SEK 2.7b		13.3%PB1.3x
TFBANK TF BankSEK 181.484.1%
+SEK 457.7m		105.4%PB4x

Latest News

SEB A
SEK 182.25
Skandinaviska Enskilda Banken
7D
1.4%
1Y
16.2%

Fee And AI Expansion Will Improve Operational Efficiency

Analysts have modestly raised Skandinaviska Enskilda Banken’s price target to SEK173.86, citing improved capital return prospects and stable asset quality offsetting pressure from weaker loan growth, mortgage competition, and a muted Nordic macro outlook. Analyst Commentary Bullish analysts cite improved capital return prospects and resilient fee income as key drivers for upward price target revisions.
LEA
SEK 12.00
Lea Bank
7D
-0.4%
1Y
n/a
TFBANK
SEK 181.48
TF Bank
7D
4.1%
1Y
105.4%
SWED A
SEK 276.70
Swedbank
7D
1.0%
1Y
26.9%

Digital Transformation Overreach Will Erode Nordic Margins

Despite improved earnings momentum and capital strength, Swedbank’s price target was held steady at SEK262.33 as analysts cite limited valuation upside relative to peers and ongoing regulatory uncertainty. Analyst Commentary Improved earnings momentum and robust capital generation have driven upward adjustments in price targets despite conservative or neutral rating stances.
SHB A
SEK 120.70
Svenska Handelsbanken
7D
1.1%
1Y
13.3%
NORION
SEK 64.30
Norion Bank
7D
-6.0%
1Y
55.9%