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

Swedish (OMX) Capital Markets Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies50
  • 7D4.2%
  • 3M3.3%
  • 1Y14.6%
  • YTD10.0%

Over the last 7 days, the Capital Markets industry has risen 4.1%, driven by gains from EQT of 6.1%. In the last 12 months, the industry was up 15%. Looking forward, earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

Has the Swedish Capital Markets Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025SEK 615.8bSEK 89.7bSEK 18.0b22x34.3x6.9x
Fri, 21 Nov 2025SEK 578.0bSEK 89.4bSEK 18.0b26.6x32.1x6.5x
Sun, 19 Oct 2025SEK 573.3bSEK 89.5bSEK 17.2b26.2x33.4x6.4x
Tue, 16 Sep 2025SEK 607.9bSEK 90.0bSEK 17.9b24.4x33.9x6.8x
Thu, 14 Aug 2025SEK 622.0bSEK 90.7bSEK 17.6b27.1x35.4x6.9x
Sat, 12 Jul 2025SEK 628.2bSEK 89.6bSEK 16.3b24x38.4x7x
Mon, 09 Jun 2025SEK 538.0bSEK 89.1bSEK 16.3b21.9x33x6x
Wed, 07 May 2025SEK 531.7bSEK 94.5bSEK 22.4b18.9x23.7x5.6x
Fri, 04 Apr 2025SEK 542.4bSEK 94.0bSEK 22.8b13.7x23.8x5.8x
Sun, 02 Mar 2025SEK 573.3bSEK 88.5bSEK 22.4b17.5x25.6x6.5x
Tue, 28 Jan 2025SEK 616.7bSEK 91.7bSEK 21.0b23.4x29.4x6.7x
Thu, 26 Dec 2024SEK 520.2bSEK 87.2bSEK 15.9b19.8x32.7x6x
Sat, 23 Nov 2024SEK 515.5bSEK 87.1bSEK 15.9b13.5x32.4x5.9x
Mon, 21 Oct 2024SEK 537.8bSEK 82.7b-SEK 1,700,105,226.7816.9x-316.3x6.5x
Wed, 18 Sep 2024SEK 583.9bSEK 82.2b-SEK 1,341,187,167.6118x-435.3x7.1x
Fri, 16 Aug 2024SEK 539.7bSEK 82.1b-SEK 2,387,492,224.0219.7x-226.1x6.6x
Sun, 14 Jul 2024SEK 574.5bSEK 80.2b-SEK 10,924,862,863.8129.5x-52.6x7.2x
Tue, 11 Jun 2024SEK 537.6bSEK 79.6b-SEK 10,412,101,898.0228.7x-51.6x6.8x
Thu, 09 May 2024SEK 524.5bSEK 79.3bSEK 6.5b21.4x80.2x6.6x
Sat, 06 Apr 2024SEK 553.7bSEK 80.9bSEK 6.8b14.6x81.1x6.8x
Mon, 04 Mar 2024SEK 519.0bSEK 79.7bSEK 6.3b16.2x83x6.5x
Wed, 31 Jan 2024SEK 472.1bSEK 80.4bSEK 20.3b16.6x23.2x5.9x
Fri, 29 Dec 2023SEK 499.7bSEK 75.3bSEK 17.1b18.5x29.1x6.6x
Sun, 26 Nov 2023SEK 434.2bSEK 76.1bSEK 17.4b16.5x24.9x5.7x
Tue, 24 Oct 2023SEK 357.9bSEK 73.2bSEK 15.2b15x23.6x4.9x
Thu, 21 Sep 2023SEK 385.2bSEK 73.9bSEK 15.4b17x25.1x5.2x
Sat, 19 Aug 2023SEK 379.9bSEK 69.9bSEK 12.4b17.5x30.5x5.4x
Mon, 17 Jul 2023SEK 375.0bSEK 66.6bSEK 7.6b18.5x49.3x5.6x
Wed, 14 Jun 2023SEK 369.6bSEK 63.7bSEK 10.5b19.9x35.2x5.8x
Fri, 12 May 2023SEK 355.3bSEK 63.4bSEK 13.6b21.9x26.1x5.6x
Sun, 09 Apr 2023SEK 318.6bSEK 58.2bSEK 11.7b21.8x27.1x5.5x
Tue, 07 Mar 2023SEK 363.7bSEK 57.8bSEK 11.5b24.2x31.7x6.3x
Thu, 02 Feb 2023SEK 349.0bSEK 55.2b-SEK 1,349,266,780.008.2x-258.6x6.3x
Sat, 31 Dec 2022SEK 336.0bSEK 56.3bSEK 5.5b6.7x61.6x6x
Price to Earnings Ratio

61.6x


Total Market Cap: SEK 336.0bTotal Earnings: SEK 5.5bTotal Revenue: SEK 56.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Capital Markets Industry Price to Earnings3Y Average -12.4x202320242025
Current Industry PE
  • Investors are optimistic on the Swedish Capital Markets industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 34.2x which is higher than its 3-year average PE of -12.4x.
  • The 3-year average PS ratio of 6.2x is lower than the industry's current PS ratio of 6.9x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have grown 49% per year over the last three years.
  • Revenues for these companies have grown 17% 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 Market1.17%
Financials2.58%
Capital Markets4.22%
Asset Management5.05%
Investment Banking and Brokerage0.96%
Financial Exchanges and Data-4.12%
Industry PE
  • Investors are most optimistic about the Asset Management industry which is trading above its 3-year average PE ratio of 35.0x.
    • Analysts are expecting annual earnings growth of 23.1%, which is higher than its past year's earnings growth of 8.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 8.2% per year.
  • In contrast, the Investment Banking and Brokerage industry is expected to see its earnings grow by 8.4% 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
EQT EQTSEK 356.005.8%
+SEK 23.0b		17.6%PE45.9x
SAVE NordnetSEK 269.402.1%
+SEK 1.4b		15.9%PE23.7x
FLAT B Flat CapitalSEK 15.166.3%
+SEK 448.1m		6.0%PE21x
ROKO B RökoSEK 1.73k1.7%
+SEK 427.0m		n/aPE35x
CS CoinShares InternationalSEK 117.402.4%
+SEK 183.5m		42.3%PE6.7x

Latest News

EQT
SEK 356.00
EQT
7D
5.8%
1Y
17.6%
SAVE
SEK 269.40
Nordnet
7D
2.1%
1Y
15.9%
CS
SEK 117.40
CoinShares International
7D
2.4%
1Y
42.3%
RATO B
SEK 36.82
Ratos
7D
1.3%
1Y
19.7%

RATO B: New Leadership And Stable Margins Will Drive Future Upside

Analysts have reaffirmed their price target on Ratos at SEK 45.0, leaving it unchanged as they continue to see the company fairly valued based on stable discount rate assumptions, steady long term margin expectations, and largely unchanged views on future earnings multiples. What's in the News Ratos has appointed Gustaf Salford as CEO, succeeding retiring CEO Jonas Wiström, effective December 1 (company announcement).
AZA
SEK 351.80
Avanza Bank Holding
7D
-0.4%
1Y
31.6%

AZA: Digital Platform Execution And Premium Pricing Will Shape A More Balanced Outlook

Analysts have nudged their fair value estimate for Avanza Bank Holding slightly higher to SEK 376.80 from SEK 374.40. Analyst Commentary Analysts remain cautious despite the modest upward revision in fair value, reflecting a more balanced view on Avanza Bank Holding's risk and reward profile.
SFL
SEK 4.20
Safello Group
7D
-8.1%
1Y
-26.1%
K33
SEK 0.027
K33
7D
-1.8%
1Y
-9.5%

Not Many Are Piling Into K33 AB (publ) (STO:K33) Stock Yet As It Plummets 30%

Dec 18
Not Many Are Piling Into K33 AB (publ) (STO:K33) Stock Yet As It Plummets 30%
TRAC B
SEK 245.00
AB Traction
7D
3.8%
1Y
-4.3%
VEFAB
SEK 2.18
VEF
7D
-1.4%
1Y
0.9%
ROKO B
SEK 1,725.60
Röko
7D
1.7%
1Y
n/a
LINC
SEK 69.40
Linc
7D
4.5%
1Y
-18.6%
NAXS
SEK 37.30
NAXS
7D
-2.9%
1Y
-26.6%
FLAT B
SEK 15.16
Flat Capital
7D
6.3%
1Y
6.0%
BTCX
SEK 0.074
Goobit Group
7D
-22.1%
1Y
-46.8%

Take Care Before Jumping Onto Goobit Group AB (publ) (NGM:BTCX) Even Though It's 26% Cheaper

Nov 07
Take Care Before Jumping Onto Goobit Group AB (publ) (NGM:BTCX) Even Though It's 26% Cheaper
GMERC B
SEK 5.14
GreenMerc
7D
-7.9%
1Y
-26.6%
SPLTN
SEK 194.40
Investment AB Spiltan
7D
-0.5%
1Y
-13.4%