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Swedish (OMX) Banks Industry Analysis

UpdatedJul 20, 2024
DataAggregated Company Financials
Companies6
  • 7D-0.2%
  • 3M1.7%
  • 1Y13.9%
  • YTD3.3%

Over the last 7 days, the Banks industry has risen 1.1%, driven by gains from Svenska Handelsbanken of 4.2%. In the last 12 months, the industry was up 15%. Looking forward, earnings are forecast to decline by 5.2% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Jul 2024SEK 1.2tSEK 359.1bSEK 160.7b7.5x7.7x3.4x
Mon, 17 Jun 2024SEK 1.2tSEK 352.8bSEK 160.2b7.5x7.6x3.4x
Wed, 15 May 2024SEK 1.2tSEK 357.9bSEK 162.5b7.4x7.6x3.5x
Fri, 12 Apr 2024SEK 1.2tSEK 350.2bSEK 158.2b7.7x7.6x3.4x
Sun, 10 Mar 2024SEK 1.3tSEK 346.5bSEK 156.6b8.3x8.2x3.7x
Tue, 06 Feb 2024SEK 1.2tSEK 347.9bSEK 158.8b7.7x7.6x3.5x
Thu, 04 Jan 2024SEK 1.2tSEK 342.7bSEK 156.2b7.8x7.6x3.5x
Sat, 02 Dec 2023SEK 1.1tSEK 343.3bSEK 156.4b7.2x7.1x3.2x
Mon, 30 Oct 2023SEK 1.1tSEK 349.2bSEK 159.0b6.9x6.7x3.1x
Wed, 27 Sep 2023SEK 1.1tSEK 328.8bSEK 145.5b7.8x7.8x3.5x
Fri, 25 Aug 2023SEK 1.1tSEK 331.6bSEK 146.6b7.3x7.4x3.3x
Sun, 23 Jul 2023SEK 1.1tSEK 327.7bSEK 145.0b7.5x7.6x3.3x
Tue, 20 Jun 2023SEK 1.1tSEK 307.2bSEK 131.2b8.2x8.1x3.5x
Thu, 18 May 2023SEK 1.0tSEK 302.9bSEK 129.4b7.7x7.8x3.3x
Sat, 15 Apr 2023SEK 1.1tSEK 278.4bSEK 112.1b9.1x9.5x3.8x
Mon, 13 Mar 2023SEK 1.2tSEK 278.7bSEK 112.2b9.7x10.4x4.2x
Wed, 08 Feb 2023SEK 1.2tSEK 275.1bSEK 111.1b10.6x10.6x4.3x
Fri, 06 Jan 2023SEK 1.1tSEK 257.8bSEK 104.7b10.5x10.7x4.4x
Sun, 04 Dec 2022SEK 1.1tSEK 254.4bSEK 103.5b10.1x10.3x4.2x
Tue, 01 Nov 2022SEK 1.0tSEK 254.7bSEK 103.6b9.8x10x4.1x
Thu, 29 Sep 2022SEK 953.9bSEK 249.1bSEK 102.6b9.1x9.3x3.8x
Sat, 27 Aug 2022SEK 951.4bSEK 246.4bSEK 101.6b8.9x9.4x3.9x
Mon, 25 Jul 2022SEK 932.9bSEK 243.0bSEK 100.2b9.1x9.3x3.8x
Wed, 22 Jun 2022SEK 933.9bSEK 244.2bSEK 102.4b8.9x9.1x3.8x
Fri, 20 May 2022SEK 975.7bSEK 243.0bSEK 102.0b9.9x9.6x4x
Sun, 17 Apr 2022SEK 976.0bSEK 242.9bSEK 105.5b9.6x9.3x4x
Tue, 15 Mar 2022SEK 978.6bSEK 244.4bSEK 106.1b9.4x9.2x4x
Thu, 10 Feb 2022SEK 1.1tSEK 246.0bSEK 105.4b10.8x10.5x4.5x
Sat, 08 Jan 2022SEK 1.1tSEK 242.3bSEK 100.6b11.8x11.4x4.7x
Mon, 06 Dec 2021SEK 1.1tSEK 242.7bSEK 100.7b11.7x11.1x4.6x
Wed, 03 Nov 2021SEK 1.1tSEK 238.9bSEK 99.3b12.2x11.5x4.8x
Fri, 01 Oct 2021SEK 1.1tSEK 234.7bSEK 94.3b12.7x12x4.8x
Sun, 29 Aug 2021SEK 1.1tSEK 234.7bSEK 94.3b11.9x11.3x4.5x
Price to Earnings Ratio

11.4x


Total Market Cap: SEK 1.1tTotal Earnings: SEK 94.3bTotal Revenue: SEK 234.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Banks Industry Price to Earnings3Y Average 9.2x202220232024
Current Industry PE
  • Investors are pessimistic on the Swedish Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 7.7x which is lower than its 3-year average PE of 9.2x.
  • The 3-year average PS ratio of 3.9x is higher than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 15% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Swedish Financials industry?

SE Market-1.84%
Financials-1.09%
Banks-0.24%
Regional Banks0%
Diversified Banks-0.24%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 9.2x.
    • Analysts are expecting annual earnings decline of 5.2%, which is lower than the prior year's growth of 10.4% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 9.2x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Diversified Banks industry since they expect its earnings to decline by only 5.2% per year over the next 5 years, which isn't as bad as the other industries.
  • This is a reversal from its past annual earnings growth rate of 10% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings decline by 5.2% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SHB A Svenska HandelsbankenSEK 106.953.6%
+SEK 7.3b		18.0%PB1.1x
SEB A Skandinaviska Enskilda BankenSEK 160.901.1%
+SEK 2.3b		28.6%PB1.5x
TFBANK TF BankSEK 260.003.6%
+SEK 193.5m		61.5%PB2.3x
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SHB A

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