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Swedish (OMX) Capital Markets Industry Analysis

UpdatedAug 07, 2026
DataAggregated Company Financials
Companies45
  • 7D6.2%
  • 3M10.6%
  • 1Y0.04%
  • YTD-1.5%

Over the last 7 days, the Capital Markets industry has risen 6.2%, driven by gains from EQT of 8.0%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 24% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 07 Aug 2026SEK 524.4bSEK 78.2bSEK 15.6b17.5x33.7x6.7x
Sun, 05 Jul 2026SEK 543.8bSEK 82.5bSEK 14.5b23.3x37.5x6.6x
Tue, 02 Jun 2026SEK 564.9bSEK 79.6bSEK 14.3b20.7x39.5x7.1x
Thu, 30 Apr 2026SEK 537.0bSEK 76.1bSEK 14.5b18.5x37x7.1x
Sat, 28 Mar 2026SEK 505.4bSEK 76.8bSEK 15.2b16.4x33.2x6.6x
Mon, 23 Feb 2026SEK 531.1bSEK 75.9bSEK 14.9b19.2x35.6x7x
Wed, 21 Jan 2026SEK 610.5bSEK 89.6bSEK 17.7b19.9x34.4x6.8x
Fri, 19 Dec 2025SEK 600.1bSEK 89.9bSEK 18.0b21.8x33.3x6.7x
Sun, 16 Nov 2025SEK 596.3bSEK 89.3bSEK 18.0b24.8x33.2x6.7x
Tue, 14 Oct 2025SEK 605.3bSEK 90.3bSEK 18.0b25.8x33.6x6.7x
Thu, 11 Sep 2025SEK 583.7bSEK 90.0bSEK 17.9b24.7x32.5x6.5x
Sat, 09 Aug 2025SEK 623.2bSEK 90.7bSEK 17.6b25.1x35.5x6.9x
Mon, 07 Jul 2025SEK 595.4bSEK 90.0bSEK 16.5b22.8x36.2x6.6x
Wed, 04 Jun 2025SEK 532.1bSEK 89.0bSEK 16.3b21.5x32.7x6x
Fri, 02 May 2025SEK 529.5bSEK 93.8bSEK 22.3b21.1x23.8x5.6x
Sun, 30 Mar 2025SEK 573.6bSEK 94.1bSEK 22.9b15x25.1x6.1x
Tue, 25 Feb 2025SEK 588.7bSEK 88.4bSEK 22.6b18.2x26.1x6.7x
Thu, 23 Jan 2025SEK 585.7bSEK 87.2bSEK 16.1b22.9x36.3x6.7x
Sat, 21 Dec 2024SEK 522.6bSEK 87.0bSEK 15.9b19.8x32.9x6x
Mon, 18 Nov 2024SEK 502.0bSEK 87.2bSEK 15.9b13.7x31.5x5.8x
Wed, 16 Oct 2024SEK 542.3bSEK 82.3b-SEK 1,624,784,402.5517.4x-333.7x6.6x
Fri, 13 Sep 2024SEK 556.1bSEK 82.4b-SEK 1,380,975,895.0817.9x-402.7x6.8x
Sun, 11 Aug 2024SEK 525.0bSEK 81.9b-SEK 2,234,726,618.5019x-234.9x6.4x
Tue, 09 Jul 2024SEK 546.2bSEK 79.9b-SEK 10,733,346,792.4628.8x-50.9x6.8x
Thu, 06 Jun 2024SEK 548.2bSEK 79.5b-SEK 10,284,409,655.8420.9x-53.3x6.9x
Sat, 04 May 2024SEK 512.2bSEK 79.1bSEK 5.6b20.7x92.1x6.5x
Mon, 01 Apr 2024SEK 560.2bSEK 80.2bSEK 6.1b16.5x91.8x7x
Wed, 28 Feb 2024SEK 507.0bSEK 79.7bSEK 6.2b15.8x81.2x6.4x
Fri, 26 Jan 2024SEK 468.2bSEK 80.9bSEK 20.9b17x22.4x5.8x
Sun, 24 Dec 2023SEK 475.4bSEK 75.3bSEK 17.2b18.2x27.7x6.3x
Tue, 21 Nov 2023SEK 435.3bSEK 76.2bSEK 17.4b16.9x25x5.7x
Thu, 19 Oct 2023SEK 360.2bSEK 72.8bSEK 15.2b15.5x23.7x4.9x
Sat, 16 Sep 2023SEK 382.4bSEK 73.0bSEK 15.4b16.6x24.8x5.2x
Mon, 14 Aug 2023SEK 401.9bSEK 69.8bSEK 12.3b18.7x32.6x5.8x
Price to Earnings Ratio

32.6x


Total Market Cap: SEK 401.9bTotal Earnings: SEK 12.3bTotal Revenue: SEK 69.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Capital Markets Industry Price to Earnings3Y Average -3.4x202420252026
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 33.7x which is higher than its 3-year average PE of -3.4x.
  • The industry is trading close to its 3-year average PS ratio of 6.4x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have grown 8.1% per year over the last three years.
  • Revenues for these companies have grown 3.9% 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 Market2.38%
Financials3.45%
Capital Markets6.23%
Asset Management6.98%
Financial Exchanges and Data2.84%
Investment Banking and Brokerage0.79%
Industry PE
  • Investors are most optimistic about the Asset Management industry, which is trading close to its 3-year average PE ratio of 39.6x.
    • Analysts are expecting annual earnings growth of 26.1%, which is lower than the prior year's growth of 43.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 26% over the next 5 years.
  • However this is lower than its past earnings growth rate of 43% per year.
  • In contrast, the Investment Banking and Brokerage industry is expected to see its earnings grow by 7.6% 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 347.707.4%
+SEK 28.1b		3.3%PE35.5x
AZA Avanza Bank HoldingSEK 402.202.8%
+SEK 1.7b		12.1%PE22.4x
ROKO B RökoSEK 1.92k5.5%
+SEK 1.5b		-19.7%PE35.8x
BURE Bure EquitySEK 274.205.3%
+SEK 1.0b		-6.2%PB1.1x
RATO B RatosSEK 37.584.4%
+SEK 523.8m		5.0%PS0.6x

Latest News

EQT
SEK 347.70
EQT
7D
7.4%
1Y
3.3%
AJA B
SEK 53.50
Byggmästare Anders J Ahlström Holding
7D
-2.7%
1Y
-14.4%
MANG
SEK 1,660.00
Mangold Fondkommission
7D
-4.0%
1Y
-21.0%
SAVE
SEK 356.80
Nordnet
7D
-2.2%
1Y
31.8%
AZA
SEK 402.20
Avanza Bank Holding
7D
2.8%
1Y
12.1%
Narrative Update • Jul 26

AZA: Mixed Views On Premium P/E And Denmark Move Will Shape Pricing Power

Analysts have lifted their price target for Avanza Bank Holding to SEK 414.60 from about SEK 400.86, citing updated assumptions on profitability, a slightly adjusted discount rate, a lower future P/E of about 21.7, and recent Street research that now highlights Avanza as a preferred platform in its sector. Analyst Commentary Recent Street research on Avanza Bank Holding focuses on how current valuation connects to execution risks and potential growth in its core platform business.
CAT B
SEK 19.84
Catella
7D
-1.0%
1Y
-34.1%
Narrative Update • Jul 24

CAT B: Future Returns Will Rely On Higher Margins And Lower P E

Analysts have reduced their price target on Catella from SEK 33 to SEK 21, citing updated assumptions around revenue growth, profit margins and a lower future P/E multiple in their revised valuation work. What’s in the News for Catella No recent Catella specific news items were identified in the provided primary news sources.
ROKO B
SEK 1,918.00
Röko
7D
5.5%
1Y
-19.7%
RATO B
SEK 37.58
Ratos
7D
4.4%
1Y
5.0%
Narrative Update • Jul 20

RATO B: Margin Execution And CFO Transition Will Support Future Upside

Analysts have raised their price target on Ratos from SEK 44 to SEK 47, citing updated assumptions regarding discount rates, profit margins, and future P/E expectations, despite a recent downgrade in Street research sentiment. What's in the News for Ratos Ratos announced that CFO Anna Vilogorac has decided to leave the company to take a CFO role at another listed company, according to a recent company communication.
FLAT B
SEK 11.00
Flat Capital
7D
0.4%
1Y
n/a
TRAC B
SEK 243.00
AB Traction
7D
-0.4%
1Y
-8.0%
BURE
SEK 274.20
Bure Equity
7D
5.3%
1Y
-6.2%
VEFAB
SEK 1.81
VEF
7D
3.9%
1Y
-16.3%
CASE
SEK 21.00
Case Group
7D
-3.7%
1Y
-3.7%
LINC
SEK 73.50
Linc
7D
-0.8%
1Y
-8.5%
VNV
SEK 18.42
VNV Global
7D
1.0%
1Y
-9.0%
NAXS
SEK 33.80
NAXS
7D
-2.0%
1Y
-39.6%