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

Swedish (OMX) Diversified Banks Industry Analysis

UpdatedFeb 11, 2026
DataAggregated Company Financials
Companies8
  • 7D-1.6%
  • 3M10.2%
  • 1Y24.7%
  • YTDn/a

In the last week, the Diversified Banks industry is flat overall, with NOBA Bank Group standing out by going down 12%. 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 3.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 12 Feb 2026SEK 1.1tSEK 214.7bSEK 93.6b13.2x12.2x5.3x
Sat, 10 Jan 2026SEK 1.1tSEK 219.3bSEK 95.1b12.5x11.8x5.1x
Mon, 08 Dec 2025SEK 1.1tSEK 218.6bSEK 94.9b11.9x11.2x4.8x
Wed, 05 Nov 2025SEK 1.0tSEK 218.1bSEK 94.6b11.3x10.7x4.6x
Fri, 03 Oct 2025SEK 992.1bSEK 222.9bSEK 98.1b10.9x10.1x4.5x
Sun, 31 Aug 2025SEK 913.8bSEK 216.3bSEK 95.2b10.3x9.6x4.2x
Tue, 29 Jul 2025SEK 886.3bSEK 216.3bSEK 95.2b9.6x9.3x4.1x
Thu, 26 Jun 2025SEK 885.8bSEK 220.6bSEK 98.0b9.5x9x4x
Sat, 24 May 2025SEK 883.8bSEK 220.6bSEK 98.0b9.4x9x4x
Mon, 21 Apr 2025SEK 778.1bSEK 223.0bSEK 99.9b8.1x7.8x3.5x
Wed, 19 Mar 2025SEK 937.2bSEK 222.9bSEK 99.9b9.8x9.4x4.2x
Fri, 14 Feb 2025SEK 891.3bSEK 222.9bSEK 99.9b9.3x8.9x4x
Sun, 12 Jan 2025SEK 821.3bSEK 221.9bSEK 100.3b8.6x8.2x3.7x
Tue, 10 Dec 2024SEK 816.2bSEK 221.6bSEK 100.2b8.6x8.1x3.7x
Thu, 07 Nov 2024SEK 803.9bSEK 221.6bSEK 100.2b8.3x8x3.6x
Sat, 05 Oct 2024SEK 1.2tSEK 356.3bSEK 159.5b7.2x7.3x3.3x
Mon, 02 Sep 2024SEK 1.2tSEK 355.9bSEK 159.3b7.5x7.7x3.4x
Wed, 31 Jul 2024SEK 1.3tSEK 359.5bSEK 160.8b7.6x7.9x3.5x
Fri, 28 Jun 2024SEK 1.2tSEK 354.2bSEK 160.8b7.4x7.6x3.4x
Sun, 26 May 2024SEK 1.2tSEK 356.5bSEK 161.8b7.3x7.5x3.4x
Tue, 23 Apr 2024SEK 1.2tSEK 353.7bSEK 161.4b7.6x7.5x3.4x
Thu, 21 Mar 2024SEK 1.3tSEK 348.4bSEK 157.5b7.9x7.9x3.6x
Sat, 17 Feb 2024SEK 1.3tSEK 346.6bSEK 156.9b8.2x8x3.6x
Mon, 15 Jan 2024SEK 1.2tSEK 343.1bSEK 156.3b7.9x7.7x3.5x
Wed, 13 Dec 2023SEK 1.2tSEK 343.2bSEK 156.3b7.5x7.4x3.4x
Fri, 10 Nov 2023SEK 1.1tSEK 347.2bSEK 158.1b7x6.8x3.1x
Sun, 08 Oct 2023SEK 1.1tSEK 328.2bSEK 145.2b7.7x7.8x3.4x
Tue, 05 Sep 2023SEK 1.1tSEK 331.3bSEK 146.5b7.5x7.6x3.3x
Thu, 03 Aug 2023SEK 1.1tSEK 329.7bSEK 145.9b7.4x7.5x3.3x
Sat, 01 Jul 2023SEK 1.1tSEK 307.7bSEK 131.4b8.1x8.1x3.5x
Mon, 29 May 2023SEK 1.0tSEK 305.8bSEK 130.6b7.7x7.8x3.3x
Wed, 26 Apr 2023SEK 1.1tSEK 278.0bSEK 112.0b9x9.5x3.8x
Fri, 24 Mar 2023SEK 1.0tSEK 276.7bSEK 111.5b8.8x9.2x3.7x
Sun, 19 Feb 2023SEK 1.2tSEK 276.5bSEK 111.4b10.1x10.7x4.3x
Price to Earnings Ratio

10.7x


Total Market Cap: SEK 1.2tTotal Earnings: SEK 111.4bTotal Revenue: SEK 276.5bTotal 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 12.3x 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 5.4x.
Past Earnings Growth
  • The earnings for companies in the Diversified Banks industry have declined 5.6% per year over the last three years,
  • Revenues have also declined 8.1% 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 Market1.59%
Financials0.99%
Banks-1.59%
Diversified Banks-1.59%
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 14.459.9%
+SEK 300.8m		n/aPB1.3x

Latest News

NORION
SEK 56.30
Norion Bank
7D
-17.0%
1Y
40.4%
SHB A
SEK 143.20
Svenska Handelsbanken
7D
-2.5%
1Y
11.9%
SWED A
SEK 352.40
Swedbank
7D
-2.5%
1Y
40.3%

Long Term Digital And Sustainability Trends Will Support A Stronger Banking Franchise

Catalysts About Swedbank Swedbank is a universal bank focused on retail and corporate customers across Sweden and the Baltic countries, offering lending, deposits, cards, savings, pensions and investment services. What are the underlying business or industry changes driving this perspective?
NOBA
SEK 102.44
NOBA Bank Group
7D
-8.5%
1Y
n/a
SEB A
SEK 193.20
Skandinaviska Enskilda Banken
7D
-3.4%
1Y
18.2%

SEB A: Fair SEK 193.75 View Will Guide Balanced Execution Risks

Narrative Update The analyst price target for Skandinaviska Enskilda Banken has shifted to SEK 193.75 from SEK 192, as analysts update their views on revenue growth, margins, discount rate and forward P/E in light of recent Street research. Analyst Commentary Recent Street research on Skandinaviska Enskilda Banken shows a series of price target adjustments clustered around the SEK 190 to SEK 195 range, with no change to an Equal Weight stance where ratings are disclosed.
TFBANK
SEK 162.00
TF Bank
7D
-1.8%
1Y
28.6%
MORROW
SEK 14.45
Morrow Bank
7D
9.9%
1Y
n/a
LEA
SEK 15.95
Lea Bank
7D
-0.9%
1Y
59.8%