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Swedish (OMX) Capital Markets Industry Analysis

UpdatedJun 17, 2026
DataAggregated Company Financials
Companies49
  • 7D0.9%
  • 3M6.0%
  • 1Y7.8%
  • YTD-8.8%

Last week, the Capital Markets industry hasn't moved much but Avanza Bank Holding is up 8.7% in that time. As for the the longer term, the industry is up 7.8% over the past 12 months. Looking forward, earnings are forecast to grow by 25% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Jun 2026SEK 548.3bSEK 80.4bSEK 14.3b19.6x38.4x6.8x
Sat, 16 May 2026SEK 540.6bSEK 75.9bSEK 14.7b18.6x36.7x7.1x
Mon, 13 Apr 2026SEK 538.9bSEK 75.5bSEK 14.0b18.5x38.4x7.1x
Wed, 11 Mar 2026SEK 520.1bSEK 76.2bSEK 14.9b18.4x34.9x6.8x
Fri, 06 Feb 2026SEK 525.1bSEK 89.4bSEK 16.9b19.2x31x5.9x
Sun, 04 Jan 2026SEK 618.2bSEK 89.7bSEK 17.9b21.2x34.4x6.9x
Tue, 02 Dec 2025SEK 575.4bSEK 90.1bSEK 18.0b21.9x31.9x6.4x
Thu, 30 Oct 2025SEK 590.2bSEK 89.2bSEK 18.0b23.4x32.9x6.6x
Sat, 27 Sep 2025SEK 572.5bSEK 90.3bSEK 18.0b23.7x31.8x6.3x
Mon, 25 Aug 2025SEK 616.5bSEK 90.8bSEK 17.9b23.8x34.3x6.8x
Wed, 23 Jul 2025SEK 613.0bSEK 90.7bSEK 17.6b23.5x34.9x6.8x
Fri, 20 Jun 2025SEK 527.0bSEK 89.4bSEK 16.4b20.5x32.2x5.9x
Sun, 18 May 2025SEK 564.8bSEK 88.6bSEK 16.3b22.4x34.7x6.4x
Tue, 15 Apr 2025SEK 501.2bSEK 94.7bSEK 23.1b13.1x21.7x5.3x
Thu, 13 Mar 2025SEK 566.7bSEK 94.3bSEK 23.0b14.8x24.7x6x
Sat, 08 Feb 2025SEK 618.7bSEK 91.5bSEK 20.6b23.9x30x6.8x
Mon, 06 Jan 2025SEK 536.7bSEK 87.0bSEK 15.9b20.3x33.7x6.2x
Wed, 04 Dec 2024SEK 544.9bSEK 87.2bSEK 15.9b17.9x34.3x6.2x
Fri, 01 Nov 2024SEK 527.5bSEK 83.5b-SEK 1,102,491,438.6816.4x-478.5x6.3x
Sun, 29 Sep 2024SEK 575.5bSEK 82.1b-SEK 1,493,659,746.7619.2x-385.3x7x
Tue, 27 Aug 2024SEK 569.3bSEK 82.6b-SEK 1,456,830,599.1718.4x-390.8x6.9x
Thu, 25 Jul 2024SEK 556.5bSEK 82.2b-SEK 8,252,123,186.6528.4x-67.4x6.8x
Sat, 22 Jun 2024SEK 537.6bSEK 79.5b-SEK 10,320,468,513.9328.8x-52.1x6.8x
Mon, 20 May 2024SEK 564.3bSEK 80.4b-SEK 10,963,128,034.4537.9x-51.5x7x
Wed, 17 Apr 2024SEK 536.3bSEK 80.8bSEK 6.8b17.5x79.1x6.6x
Fri, 15 Mar 2024SEK 549.7bSEK 79.6bSEK 6.2b15.7x88.7x6.9x
Sun, 11 Feb 2024SEK 471.4bSEK 79.8bSEK 19.2b16.1x24.6x5.9x
Tue, 09 Jan 2024SEK 455.0bSEK 75.7bSEK 17.3b18.2x26.3x6x
Thu, 07 Dec 2023SEK 437.3bSEK 75.8bSEK 17.4b17.4x25.1x5.8x
Sat, 04 Nov 2023SEK 383.5bSEK 74.0bSEK 14.9b17.3x25.8x5.2x
Mon, 02 Oct 2023SEK 376.4bSEK 73.3bSEK 15.2b16.2x24.8x5.1x
Wed, 30 Aug 2023SEK 385.2bSEK 72.9bSEK 15.3b17.6x25.1x5.3x
Fri, 28 Jul 2023SEK 415.6bSEK 69.1bSEK 8.6b18.5x48.5x6x
Sun, 25 Jun 2023SEK 344.9bSEK 63.8bSEK 10.6b19x32.6x5.4x
Price to Earnings Ratio

32.6x


Total Market Cap: SEK 344.9bTotal Earnings: SEK 10.6bTotal Revenue: SEK 63.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Capital Markets Industry Price to Earnings3Y Average -3.2x202420252026
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 38.4x which is higher than its 3-year average PE of -3.2x.
  • The industry is trading close to its 3-year average PS ratio of 6.3x.
Past Earnings Growth
  • The earnings for companies in the Capital Markets industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 8.0% 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 Market1.70%
Financials2.39%
Capital Markets0.92%
Financial Exchanges and Data58.62%
Investment Banking and Brokerage5.17%
Asset Management-0.55%
Industry PE
  • Investors are most optimistic about the Asset Management industry which is trading above its 3-year average PE ratio of 40.2x.
    • Analysts are expecting annual earnings growth of 31.5%, 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 31% 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 10% 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
AZA Avanza Bank HoldingSEK 381.508.7%
+SEK 4.8b		21.4%PE22.8x
SAVE NordnetSEK 349.402.4%
+SEK 2.0b		41.0%PE27.9x
BURE Bure EquitySEK 266.001.3%
+SEK 252.3m		-1.8%PB1.1x
K33 K33SEK 0.03354.9%
+SEK 174.6m		-70.3%PS0.2x
FLAT B Flat CapitalSEK 11.432.7%
+SEK 149.4m		n/aPB1.6x

Latest News

SPGR
SEK 32.00
Spotlight Group
7D
100.0%
1Y
61.6%
AJA B
SEK 52.50
Byggmästare Anders J Ahlström Holding
7D
-0.9%
1Y
-22.2%
BURE
SEK 266.00
Bure Equity
7D
1.3%
1Y
-1.8%
AZA
SEK 381.50
Avanza Bank Holding
7D
8.7%
1Y
21.4%
Narrative Update • Jun 14

AZA: Execution Risk Around Discount And Margin Assumptions Will Pressure Upside

Analysts have raised their price target on Avanza Bank Holding to SEK 420 from SEK 340, citing its status as a preferred sector platform and updated assumptions around discount rate, revenue growth and profit margin, even as another firm lowered its target by SEK 28. Analyst Commentary Recent research highlights a mixed backdrop for Avanza Bank Holding.
TRAC B
SEK 239.00
AB Traction
7D
1.7%
1Y
-10.5%
SAVE
SEK 349.40
Nordnet
7D
2.4%
1Y
41.0%
RATO B
SEK 33.32
Ratos
7D
-1.7%
1Y
-16.0%
Narrative Update • Jun 04

RATO B: Margin Execution Will Support Future Upside Despite Recent Cautious Commentary

Analysts have maintained their SEK 44.0 price target for Ratos, citing slightly adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E. These changes follow recent research that has become more cautious on the stock.
MANG
SEK 1,840.00
Mangold Fondkommission
7D
2.8%
1Y
-3.2%
VEFAB
SEK 1.80
VEF
7D
-0.7%
1Y
0.1%
K33
SEK 0.033
K33
7D
54.9%
1Y
-70.3%
CPE I
SEK 118.00
Coeli Private Equity
7D
-2.5%
1Y
11.3%
CAT B
SEK 20.35
Catella
7D
-1.2%
1Y
-31.7%
ROKO B
SEK 1,924.00
Röko
7D
-1.0%
1Y
-13.0%
CASE
SEK 21.80
Case Group
7D
-3.1%
1Y
26.7%
LINC
SEK 69.80
Linc
7D
-3.3%
1Y
3.6%
FLAT B
SEK 11.43
Flat Capital
7D
2.7%
1Y
n/a