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Swedish (OMX) Healthcare Services Industry Analysis

UpdatedJun 10, 2026
DataAggregated Company Financials
Companies8
  • 7D1.2%
  • 3M8.3%
  • 1Y-7.6%
  • YTD2.1%

Over the last 7 days, the Healthcare Services industry has risen 1.2%, driven by gains from Medicover of 5.2%. Meanwhile, Hedera Group actually underperformed within the industry, shrinking 6.6% in the last week. However, the industry is down 7.6% over the past year. Looking forward, earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

Has the Swedish Healthcare Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 11 Jun 2026SEK 92.7bSEK 91.8bSEK 3.3b18.5x27.9x1x
Sat, 09 May 2026SEK 92.5bSEK 91.6bSEK 3.3b17.3x28x1x
Mon, 06 Apr 2026SEK 85.0bSEK 90.3bSEK 3.1b18.6x27.7x0.9x
Wed, 04 Mar 2026SEK 83.8bSEK 90.2bSEK 3.1b18.1x27.4x0.9x
Fri, 30 Jan 2026SEK 89.2bSEK 88.5bSEK 2.9b19.7x30.9x1x
Sun, 28 Dec 2025SEK 61.5bSEK 72.6bSEK 2.4b17.7x25.9x0.8x
Tue, 25 Nov 2025SEK 62.1bSEK 73.2bSEK 2.4b17.3x26x0.8x
Thu, 23 Oct 2025SEK 63.5bSEK 72.1bSEK 1.9b17x32.6x0.9x
Sat, 20 Sep 2025SEK 66.0bSEK 72.4bSEK 2.0b18x33.8x0.9x
Mon, 18 Aug 2025SEK 65.3bSEK 72.1bSEK 2.0b16.3x33.3x0.9x
Wed, 16 Jul 2025SEK 63.3bSEK 71.5bSEK 1.7b16.9x37.2x0.9x
Fri, 13 Jun 2025SEK 59.0bSEK 70.9bSEK 1.7b15.5x34.8x0.8x
Sun, 11 May 2025SEK 59.2bSEK 70.8bSEK 1.7b16.1x34.9x0.8x
Tue, 08 Apr 2025SEK 49.2bSEK 69.6bSEK 1.4b16.5x35x0.7x
Thu, 06 Mar 2025SEK 55.3bSEK 69.6bSEK 1.4b18.9x39.4x0.8x
Sat, 01 Feb 2025SEK 51.5bSEK 68.6bSEK 1.4b17.3x37.5x0.8x
Mon, 30 Dec 2024SEK 49.6bSEK 68.5bSEK 1.4b17.3x36.1x0.7x
Wed, 27 Nov 2024SEK 46.7bSEK 68.6bSEK 1.4b17x34x0.7x
Fri, 25 Oct 2024SEK 47.9bSEK 67.3bSEK 1.2b19x38.6x0.7x
Sun, 22 Sep 2024SEK 48.0bSEK 66.6bSEK 1.2b18.9x38.6x0.7x
Tue, 20 Aug 2024SEK 46.0bSEK 66.7bSEK 1.2b17.1x37.1x0.7x
Thu, 18 Jul 2024SEK 48.5bSEK 65.1bSEK 1.3b13.6x37.3x0.7x
Sat, 15 Jun 2024SEK 46.5bSEK 64.6bSEK 1.3b14.6x35.8x0.7x
Mon, 13 May 2024SEK 45.4bSEK 65.4bSEK 1.3b13.9x34.7x0.7x
Wed, 10 Apr 2024SEK 37.8bSEK 63.7bSEK 1.2b12.6x30.8x0.6x
Fri, 08 Mar 2024SEK 35.4bSEK 63.3bSEK 1.2b11.9x29x0.6x
Sun, 04 Feb 2024SEK 39.9bSEK 62.0bSEK 940.8m13.3x42.4x0.6x
Tue, 02 Jan 2024SEK 36.6bSEK 61.7bSEK 939.2m13.7x38.9x0.6x
Thu, 30 Nov 2023SEK 35.4bSEK 62.1bSEK 957.5m11.5x37x0.6x
Sat, 28 Oct 2023SEK 30.4bSEK 61.8bSEK 1.0b10.9x29.9x0.5x
Mon, 25 Sep 2023SEK 33.7bSEK 60.9bSEK 905.2m9.5x37.2x0.6x
Wed, 23 Aug 2023SEK 34.5bSEK 60.9bSEK 905.3m10x38.1x0.6x
Fri, 21 Jul 2023SEK 35.9bSEK 59.3bSEK 889.4m8.5x40.4x0.6x
Sun, 18 Jun 2023SEK 37.1bSEK 58.6bSEK 768.6m11.1x48.3x0.6x
Price to Earnings Ratio

48.3x


Total Market Cap: SEK 37.1bTotal Earnings: SEK 768.6mTotal Revenue: SEK 58.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Healthcare Services Industry Price to Earnings3Y Average 34.7x202420252026
Current Industry PE
  • Investors are pessimistic on the Swedish Healthcare 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 27.9x which is lower than its 3-year average PE of 34.7x.
  • The 3-year average PS ratio of 0.75x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 63% per year over the last three years.
  • Revenues for these companies have grown 16% 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 Healthcare industry?

SE Market-2.10%
Healthcare0.57%
Healthcare Services1.22%
Healthcare Services2.66%
Healthcare Facilities1.34%
Healthcare Distributors-0.36%
Industry PE
  • Investors are most optimistic about the Healthcare Distributors industry, which is trading close to its 3-year average PE ratio of 53.2x.
    • Analysts are expecting annual earnings growth of 19.0%, which is higher than its past year's earnings decline of 3.7% per year.
  • Investors are most pessimistic about the Healthcare Facilities industry, which is trading close to its 3-year average of 15.2x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare Services industry, expecting annual earnings growth of 24% over the next 5 years.
  • However this is lower than its past earnings growth rate of 69% per year.
  • In contrast, the Healthcare Facilities 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
MCOV B MedicoverSEK 214.005.2%
+SEK 1.6b		-10.8%PE37.3x
ATT AttendoSEK 116.507.1%
+SEK 1.1b		92.6%PE19x
AMBEA AmbeaSEK 140.403.2%
+SEK 344.4m		26.6%PE15.8x
ASKER Asker Healthcare GroupSEK 78.001.0%
+SEK 306.4m		-27.6%PE47.8x
HUM HumanaSEK 49.753.4%
+SEK 78.4m		35.4%PE11.8x

Latest News

ATT
SEK 116.50
Attendo
7D
7.1%
1Y
92.6%
AMBEA
SEK 140.40
Ambea
7D
3.2%
1Y
26.6%
Narrative Update • Jun 04

AMBEA: Nordic Care Acquisitions And Dividend Will Drive Future Upside Potential

Analysts now see Ambea’s fair value at SEK 181.0 per share, with a slightly higher discount rate and a lower future P/E assumption. Together these factors explain the unchanged price target despite refined model inputs.
HUM
SEK 49.75
Humana
7D
3.4%
1Y
35.4%
Narrative Update • Jun 03

HUM: Completed Share Buybacks Will Support Future Upside Potential

Analysts maintained their SEK 62.5 price target for Humana, keeping the fair value estimate unchanged. Slight adjustments to assumptions for the discount rate, revenue growth, profit margin and future P/E help provide context for the updated narrative rather than driving a headline valuation change.
MCOV B
SEK 214.00
Medicover
7D
5.2%
1Y
-10.8%
Narrative Update • Jun 02

MCOV B: Lower Discount Rate Will Support Future Upside Potential

Analysts have nudged their Medicover price target slightly higher to around SEK257 per share, reflecting minor adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions in their models. What's in the News No recent company specific news items, periodical coverage or key developments were provided for Medicover in the supplied sources.
EQL
SEK 23.75
EQL Pharma
7D
0.6%
1Y
-72.4%
Narrative Update • Jun 02

EQL: European Rollout And Supply Chain Improvements Will Drive Future Upside

Analysts have reduced their fair value estimate for EQL Pharma’s shares from SEK 75 to SEK 50, citing updates to their models that reflect revised assumptions for the discount rate, revenue growth, profit margin and future P/E. What's in the News EQL Pharma issued earnings guidance for 2026/27, with sales growth below its long term 30% target and an EBITDA margin of 10%, reflecting impacts from supply shortages and one off effects.
HEGR
SEK 0.57
Hedera Group
7D
-6.6%
1Y
-56.5%
ASKER
SEK 78.00
Asker Healthcare Group
7D
1.0%
1Y
-27.6%
DEDI
SEK 45.50
Dedicare
7D
4.6%
1Y
1.6%