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

Swedish (OMX) Diversified Banks Industry Analysis

UpdatedJun 30, 2026
DataAggregated Company Financials
Companies8
  • 7D-1.3%
  • 3M11.7%
  • 1Y23.8%
  • YTDn/a

In the last week, Diversified Banks has been flat. The past year has been better, since the industry has gained 23% in that time. Earnings are forecast to grow by 4.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 30 Jun 2026SEK 1.1tSEK 211.9bSEK 92.7b11.3x12.1x5.3x
Thu, 28 May 2026SEK 1.1tSEK 211.9bSEK 92.7b11.3x11.7x5.1x
Sat, 25 Apr 2026SEK 1.0tSEK 213.4bSEK 93.6b11.4x11.1x4.9x
Mon, 23 Mar 2026SEK 1.1tSEK 214.8bSEK 93.7b11.2x11.2x4.9x
Wed, 18 Feb 2026SEK 1.1tSEK 214.7bSEK 93.7b12.1x12.1x5.3x
Fri, 16 Jan 2026SEK 1.2tSEK 219.3bSEK 95.1b13.3x12.2x5.3x
Sun, 14 Dec 2025SEK 1.1tSEK 218.6bSEK 94.9b12x11.2x4.9x
Tue, 11 Nov 2025SEK 1.0tSEK 218.1bSEK 94.6b11.5x10.7x4.6x
Thu, 09 Oct 2025SEK 997.7bSEK 222.9bSEK 98.1b10.9x10.2x4.5x
Sat, 06 Sep 2025SEK 909.2bSEK 216.3bSEK 95.2b10.4x9.5x4.2x
Mon, 04 Aug 2025SEK 882.7bSEK 216.3bSEK 95.2b9.6x9.3x4.1x
Wed, 02 Jul 2025SEK 893.8bSEK 220.6bSEK 98.0b9.6x9.1x4.1x
Fri, 30 May 2025SEK 892.5bSEK 220.6bSEK 98.0b9.5x9.1x4x
Sun, 27 Apr 2025SEK 802.4bSEK 223.1bSEK 100.0b8.4x8x3.6x
Tue, 25 Mar 2025SEK 916.6bSEK 222.9bSEK 99.9b9.6x9.2x4.1x
Thu, 20 Feb 2025SEK 916.2bSEK 222.9bSEK 99.9b9.6x9.2x4.1x
Sat, 18 Jan 2025SEK 848.0bSEK 221.9bSEK 100.3b8.9x8.5x3.8x
Mon, 16 Dec 2024SEK 805.4bSEK 221.6bSEK 100.2b8.4x8x3.6x
Wed, 13 Nov 2024SEK 786.9bSEK 221.6bSEK 100.2b8.1x7.9x3.6x
Fri, 11 Oct 2024SEK 759.3bSEK 221.8bSEK 101.5b7.3x7.5x3.4x
Sun, 08 Sep 2024SEK 1.2tSEK 356.7bSEK 159.7b7.4x7.5x3.4x
Tue, 06 Aug 2024SEK 1.2tSEK 358.6bSEK 160.5b7.1x7.2x3.2x
Thu, 04 Jul 2024SEK 1.2tSEK 353.5bSEK 160.5b7.5x7.7x3.5x
Sat, 01 Jun 2024SEK 1.2tSEK 354.7bSEK 161.1b7.4x7.5x3.4x
Mon, 29 Apr 2024SEK 1.2tSEK 358.0bSEK 162.5b7.2x7.3x3.3x
Wed, 27 Mar 2024SEK 1.2tSEK 349.8bSEK 158.1b7.9x7.8x3.5x
Fri, 23 Feb 2024SEK 1.3tSEK 345.8bSEK 156.6b8.1x8x3.6x
Sun, 21 Jan 2024SEK 1.2tSEK 344.7bSEK 157.0b7.6x7.5x3.4x
Tue, 19 Dec 2023SEK 1.2tSEK 341.8bSEK 155.8b7.7x7.6x3.4x
Thu, 16 Nov 2023SEK 1.1tSEK 344.8bSEK 157.1b7.1x6.9x3.2x
Sat, 14 Oct 2023SEK 1.2tSEK 327.9bSEK 145.1b7.9x8x3.5x
Mon, 11 Sep 2023SEK 1.1tSEK 331.6bSEK 146.6b7.4x7.5x3.3x
Wed, 09 Aug 2023SEK 1.1tSEK 329.8bSEK 145.9b7.5x7.5x3.3x
Fri, 07 Jul 2023SEK 1.1tSEK 309.2bSEK 132.0b8.2x8.1x3.4x
Price to Earnings Ratio

8.1x


Total Market Cap: SEK 1.1tTotal Earnings: SEK 132.0bTotal Revenue: SEK 309.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Diversified Banks Industry Price to Earnings3Y Average 8.9x202420252026
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 12.1x which is higher than its 3-year average PE of 8.9x.
  • The 3-year average PS ratio of 3.9x is lower than the industry's current PS ratio of 5.3x.
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 Market-0.57%
Financials-0.16%
Banks-1.30%
Diversified Banks-1.30%
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
LEA Lea BankSEK 12.483.0%
+SEK 34.8m		10.4%PB0.8x
MORROW Morrow BankSEK 11.860.7%
+SEK 18.5m		n/aPB1.1x

Latest News

NOBA
SEK 77.80
NOBA Bank Group
7D
-4.5%
1Y
n/a
New Narrative • Jun 27

Credit Quality Gains And Secured Lending Expansion Will Support Future Earnings Resilience

Catalysts About NOBA Bank Group NOBA Bank Group is a Nordic financial services company focused on private loans, credit cards and secured lending, including mortgages and equity release products. What are the underlying business or industry changes driving this perspective?
LEA
SEK 12.48
Lea Bank
7D
3.0%
1Y
10.4%
SWED A
SEK 358.60
Swedbank
7D
-0.5%
1Y
43.2%
Narrative Update • Jun 24

SWED A: Future Returns Will Balance Defence Financing Role With Governance Overhang

Swedbank's updated analyst price target edges higher to SEK 344.81 from SEK 340.44, reflecting incremental adjustments to revenue growth, profit margin and future P/E assumptions cited across recent Street research. Analyst Commentary Recent Street research on Swedbank points to a mixed but engaged analyst view around the stock, with multiple firms fine tuning price targets in a relatively tight SEK 300 to SEK 330 range.
SEB A
SEK 190.85
Skandinaviska Enskilda Banken
7D
-2.4%
1Y
15.6%
Narrative Update • Jun 19

SEB A: Future Returns Will Hinge On Execution And Planned Share Repurchases

The analyst price target for Skandinaviska Enskilda Banken has been adjusted slightly higher to SEK 193.06 from SEK 190.63. Analysts cited updated assumptions on discount rates, revenue growth, profit margins and future P/E in light of recent mixed target changes from Citi, Morgan Stanley, Deutsche Bank, Jefferies and Barclays.
SHB A
SEK 141.60
Svenska Handelsbanken
7D
-0.4%
1Y
12.0%
Narrative Update • Jun 17

SHB A: Future Returns Will Rely On Dividend Payouts And Mixed Broker Signals

The updated analyst price target for Svenska Handelsbanken edges higher to SEK 129.51 from SEK 129.08. This reflects modest tweaks to assumptions on fair value, discount rate, revenue growth, profit margin and future P/E following recent mixed target moves from Citi, Morgan Stanley, Deutsche Bank and Barclays.
NORION
SEK 60.40
Norion Bank
7D
-2.4%
1Y
18.9%
MORROW
SEK 11.86
Morrow Bank
7D
0.7%
1Y
n/a
AVARDA
SEK 179.40
Avarda Bank
7D
-2.4%
1Y
53.3%