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Swedish (OMX) Capital Markets Industry Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies49
  • 7D-10.0%
  • 3M-7.5%
  • 1Y-15.5%
  • YTD-13.6%

Over the last 7 days, the Capital Markets industry has dropped 10.0%, driven by EQT declining 16%. However, the industry is down 16% over the past year. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Feb 2026SEK 522.2bSEK 89.1bSEK 16.6b19.4x31.4x5.9x
Mon, 05 Jan 2026SEK 618.2bSEK 89.7bSEK 17.9b21.2x34.5x6.9x
Wed, 03 Dec 2025SEK 575.2bSEK 90.1bSEK 18.0b21.7x31.9x6.4x
Fri, 31 Oct 2025SEK 589.7bSEK 89.1bSEK 17.9b23.5x33x6.6x
Sun, 28 Sep 2025SEK 572.5bSEK 90.3bSEK 18.0b23.7x31.8x6.3x
Tue, 26 Aug 2025SEK 616.1bSEK 90.9bSEK 18.0b24x34.3x6.8x
Thu, 24 Jul 2025SEK 622.5bSEK 90.8bSEK 17.6b23.6x35.4x6.9x
Sat, 21 Jun 2025SEK 527.0bSEK 89.6bSEK 16.4b20.5x32.1x5.9x
Mon, 19 May 2025SEK 564.8bSEK 88.6bSEK 16.3b22.4x34.7x6.4x
Wed, 16 Apr 2025SEK 512.7bSEK 95.1bSEK 23.3b13.1x22x5.4x
Fri, 14 Mar 2025SEK 561.2bSEK 94.6bSEK 23.1b14.8x24.3x5.9x
Sun, 09 Feb 2025SEK 618.6bSEK 91.6bSEK 20.6b23.9x30x6.8x
Tue, 07 Jan 2025SEK 536.7bSEK 87.0bSEK 15.9b20.3x33.7x6.2x
Thu, 05 Dec 2024SEK 544.8bSEK 87.0bSEK 15.9b18.7x34.3x6.3x
Sat, 02 Nov 2024SEK 516.0bSEK 83.7b-SEK 1,291,269,421.0816.3x-399.6x6.2x
Mon, 30 Sep 2024SEK 575.5bSEK 82.1b-SEK 1,493,659,746.7619.2x-385.3x7x
Wed, 28 Aug 2024SEK 566.3bSEK 82.4b-SEK 1,453,324,358.1318.4x-389.7x6.9x
Fri, 26 Jul 2024SEK 548.7bSEK 82.3b-SEK 8,256,475,945.5228.1x-66.5x6.7x
Sun, 23 Jun 2024SEK 537.6bSEK 79.5b-SEK 10,326,166,782.2628.8x-52.1x6.8x
Tue, 21 May 2024SEK 568.5bSEK 80.3b-SEK 10,938,505,696.5030.3x-52x7.1x
Thu, 18 Apr 2024SEK 514.0bSEK 80.6bSEK 6.5b17.7x78.8x6.4x
Sat, 16 Mar 2024SEK 558.9bSEK 79.7bSEK 6.2b15.6x90.3x7x
Mon, 12 Feb 2024SEK 471.4bSEK 79.8bSEK 19.2b16.1x24.6x5.9x
Wed, 10 Jan 2024SEK 450.4bSEK 75.6bSEK 17.3b18.1x26x6x
Fri, 08 Dec 2023SEK 435.6bSEK 75.7bSEK 17.4b17.8x25x5.8x
Sun, 05 Nov 2023SEK 383.7bSEK 73.9bSEK 14.9b17.3x25.8x5.2x
Tue, 03 Oct 2023SEK 376.4bSEK 73.4bSEK 15.2b16.4x24.8x5.1x
Thu, 31 Aug 2023SEK 384.7bSEK 72.8bSEK 15.3b17.6x25.1x5.3x
Sat, 29 Jul 2023SEK 417.6bSEK 69.3bSEK 8.6b18.5x48.7x6x
Mon, 26 Jun 2023SEK 344.9bSEK 63.8bSEK 10.6b19x32.6x5.4x
Wed, 24 May 2023SEK 355.9bSEK 63.5bSEK 10.4b20.8x34.1x5.6x
Fri, 21 Apr 2023SEK 309.3bSEK 57.6bSEK 11.7b26.9x26.5x5.4x
Sun, 19 Mar 2023SEK 301.4bSEK 57.8bSEK 11.6b22x26x5.2x
Tue, 14 Feb 2023SEK 366.9bSEK 58.1b-SEK 1,638,118,849.0021.3x-224x6.3x
Price to Earnings Ratio

-224x


Total Market Cap: SEK 366.9bTotal Earnings: -SEK 1,638,118,849.00Total Revenue: SEK 58.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Capital Markets Industry Price to Earnings3Y Average -7.9x202420252026
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 31.4x which is higher than its 3-year average PE of -7.9x.
  • The industry is trading close to its 3-year average PS ratio of 6.2x.
Past Earnings Growth
  • Total earnings for the Capital Markets industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 15% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

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

SE Market2.14%
Financials0.93%
Capital Markets-9.99%
Investment Banking and Brokerage2.79%
Asset Management-13.37%
Financial Exchanges and Data-14.53%
Industry PE
  • Investors are most optimistic about the Asset Management industry, which is trading close to its 3-year average PE ratio of 36.7x.
    • Analysts are expecting annual earnings growth of 24.6%, which is higher than its past year's earnings growth of 7.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings growth rate of 7.5% per year.
  • In contrast, the Investment Banking and Brokerage industry is expected to see its earnings grow by 9.6% 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
SAVE NordnetSEK 300.404.2%
+SEK 3.0b		13.4%PE25.3x
AZA Avanza Bank HoldingSEK 351.201.1%
+SEK 584.0m		4.1%PE21.1x
RATO B RatosSEK 39.764.5%
+SEK 563.1m		13.9%PE12.3x
LINC LincSEK 66.1010.4%
+SEK 359.0m		-12.5%PB0.9x
TRAC B AB TractionSEK 258.000.4%
+SEK 14.8m		-6.5%PE23.6x

Latest News

CS
SEK 82.30
CoinShares International
7D
-15.9%
1Y
-10.1%
ROKO B
SEK 1,535.60
Röko
7D
-3.7%
1Y
n/a
SAVE
SEK 300.40
Nordnet
7D
4.2%
1Y
13.4%

SAVE: Future Returns Will Rely On Trading Activity And Cash Distribution Framework

Analysts have raised their fair value estimate for Nordnet to SEK 297.27 from SEK 284.64, citing updated assumptions for revenue growth, discount rate and future P/E that they state better reflect the company’s current risk and earnings profile. What's in the News The Board of Directors intends to propose a dividend of SEK 8.60 per share for 2025, signalling a planned cash return framework for shareholders if approved (Key Developments).
AZA
SEK 351.20
Avanza Bank Holding
7D
1.1%
1Y
4.1%
EQT
SEK 285.30
EQT
7D
-15.6%
1Y
-21.3%
HILB B
SEK 6.64
Hilbert Group
7D
-7.5%
1Y
-2.4%
RATO B
SEK 39.76
Ratos
7D
4.5%
1Y
13.9%

RATO B: Higher Future P/E And New CEO Will Support Stronger Outlook

Analysts have kept their price target on Ratos unchanged at SEK 50.0, with slightly adjusted assumptions around the discount rate, revenue growth, profit margin and future P/E helping to support this stable view. What's in the News Ratos has scheduled an Analyst and Investor Day, giving the market a dedicated forum to hear directly from management and ask questions on the company and its portfolio (Key Developments).
NAXS
SEK 39.10
NAXS
7D
0.5%
1Y
-28.6%
RAMSH
SEK 25.40
Ramlösa shipping
7D
0.8%
1Y
-5.2%
VEFAB
SEK 2.02
VEF
7D
-3.3%
1Y
21.4%
SEAF
SEK 7.00
Seafire
7D
-23.1%
1Y
35.7%
TRAC B
SEK 258.00
AB Traction
7D
0.4%
1Y
-6.5%
BURE
SEK 203.60
Bure Equity
7D
-7.4%
1Y
-49.6%
LINC
SEK 66.10
Linc
7D
10.4%
1Y
-12.5%
WRV
SEK 3.59
Webrock Ventures
7D
2.6%
1Y
-43.6%
SPLTN
SEK 188.40
Investment AB Spiltan
7D
-2.7%
1Y
-17.9%