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Swedish (OMX) Healthcare Services Industry Analysis

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies9
  • 7D3.7%
  • 3M-7.3%
  • 1Y19.7%
  • YTD-4.6%

The Healthcare Services is pretty flat in the last 7 days, but Asker Healthcare Group has stood out, gaining 8.8%. As for the the longer term, the industry is up 17% over the past 12 months. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Mar 2026SEK 86.9bSEK 89.9bSEK 3.0b18.5x28.7x1x
Fri, 06 Feb 2026SEK 90.9bSEK 88.7bSEK 2.9b22.3x31.5x1x
Sun, 04 Jan 2026SEK 60.1bSEK 72.7bSEK 2.4b17.3x25.3x0.8x
Tue, 02 Dec 2025SEK 64.1bSEK 73.1bSEK 2.4b18x26.9x0.9x
Thu, 30 Oct 2025SEK 66.0bSEK 71.7bSEK 2.1b17.2x31.8x0.9x
Sat, 27 Sep 2025SEK 64.8bSEK 72.3bSEK 2.0b17.8x33.2x0.9x
Mon, 25 Aug 2025SEK 67.7bSEK 72.5bSEK 2.0b18.1x34.6x0.9x
Wed, 23 Jul 2025SEK 62.5bSEK 71.1bSEK 1.8b16.1x35.5x0.9x
Fri, 20 Jun 2025SEK 57.9bSEK 71.2bSEK 1.7b15.6x34.1x0.8x
Sun, 18 May 2025SEK 60.5bSEK 70.8bSEK 1.7b15.9x35.7x0.9x
Tue, 15 Apr 2025SEK 53.9bSEK 69.8bSEK 1.4b17.9x38.3x0.8x
Thu, 13 Mar 2025SEK 52.6bSEK 69.4bSEK 1.4b18.2x37.4x0.8x
Sat, 08 Feb 2025SEK 54.2bSEK 84.1bSEK 1.8b18.5x30.2x0.6x
Mon, 06 Jan 2025SEK 51.0bSEK 68.5bSEK 1.4b17.7x37.2x0.7x
Wed, 04 Dec 2024SEK 47.7bSEK 68.7bSEK 1.4b17.3x34.7x0.7x
Fri, 01 Nov 2024SEK 46.2bSEK 68.5bSEK 1.2b17.1x38.6x0.7x
Sun, 29 Sep 2024SEK 47.6bSEK 66.4bSEK 1.2b18.6x38.4x0.7x
Tue, 27 Aug 2024SEK 46.7bSEK 66.6bSEK 1.2b17.2x37.7x0.7x
Thu, 25 Jul 2024SEK 48.5bSEK 66.0bSEK 1.2b15.2x40.7x0.7x
Sat, 22 Jun 2024SEK 46.3bSEK 64.6bSEK 1.3b13.6x35.7x0.7x
Mon, 20 May 2024SEK 45.2bSEK 65.4bSEK 1.3b14.5x34.5x0.7x
Wed, 17 Apr 2024SEK 37.1bSEK 64.0bSEK 1.2b12.8x30.2x0.6x
Fri, 15 Mar 2024SEK 35.7bSEK 63.4bSEK 1.2b11.8x29.3x0.6x
Sun, 11 Feb 2024SEK 37.7bSEK 63.8bSEK 1.2b11x30.6x0.6x
Tue, 09 Jan 2024SEK 36.8bSEK 61.8bSEK 939.9m13.9x39.1x0.6x
Thu, 07 Dec 2023SEK 34.5bSEK 61.9bSEK 956.7m11.9x36x0.6x
Sat, 04 Nov 2023SEK 33.2bSEK 61.7bSEK 1.0b11.6x32.2x0.5x
Mon, 02 Oct 2023SEK 32.2bSEK 60.4bSEK 903.5m9.4x35.7x0.5x
Wed, 30 Aug 2023SEK 34.9bSEK 60.9bSEK 905.2m9.9x38.5x0.6x
Fri, 28 Jul 2023SEK 36.1bSEK 60.1bSEK 943.8m8.5x38.2x0.6x
Sun, 25 Jun 2023SEK 35.6bSEK 58.7bSEK 768.7m10.9x46.3x0.6x
Tue, 23 May 2023SEK 37.3bSEK 58.3bSEK 768.2m11.6x48.6x0.6x
Thu, 20 Apr 2023SEK 38.5bSEK 56.6bSEK 799.7m13.8x48.1x0.7x
Sat, 18 Mar 2023SEK 35.7bSEK 56.4bSEK 797.7m13.8x44.7x0.6x
Price to Earnings Ratio

44.7x


Total Market Cap: SEK 35.7bTotal Earnings: SEK 797.7mTotal Revenue: SEK 56.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Healthcare Services Industry Price to Earnings3Y Average 36.4x202420252026
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 28.5x which is lower than its 3-year average PE of 36.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.72x.
Past Earnings Growth
  • The earnings for companies in the Healthcare industry have grown 56% 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 Healthcare industry?

SE Market0.33%
Healthcare3.68%
Healthcare Services3.70%
Healthcare Distributors8.28%
Healthcare Facilities3.94%
Healthcare Services0.0035%
Industry PE
  • Investors are most optimistic about the Healthcare Distributors industry, which is trading close to its 3-year average PE ratio of 51.2x.
    • Analysts are expecting annual earnings growth of 27.5%, which is higher than its past year's earnings growth of 6.3% 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 Distributors industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings growth rate of 6.3% per year.
  • In contrast, the Healthcare Facilities industry is expected to see its earnings grow by 11% 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
ASKER Asker Healthcare GroupSEK 64.718.8%
+SEK 2.0b		n/aPE53.8x
AMBEA AmbeaSEK 135.705.3%
+SEK 558.3m		33.8%PE16.8x
ATT AttendoSEK 103.402.2%
+SEK 319.2m		70.1%PE18.5x
HUM HumanaSEK 48.409.5%
+SEK 203.0m		8.3%PE9.9x
EQL EQL PharmaSEK 55.500.4%
+SEK 5.9m		-23.8%PE55.9x

Latest News

AMBEA
SEK 135.70
Ambea
7D
5.3%
1Y
33.8%
HUM
SEK 48.40
Humana
7D
9.5%
1Y
8.3%

HUM: Buybacks And New Care Facilities Will Support Future Upside

Analysts have kept their SEK fair value estimate for Humana broadly steady at SEK 60.0. Only minor shifts in the discount rate and long-term assumptions around growth, margins, and future P/E have helped to fine tune their price target rationale rather than drive a major change in view. What's in the News Completed share buyback, with Humana repurchasing a total of 1,490,401 shares, representing 3.01% of the company, for SEK 66 million under the program announced on July 23, 2025 (Key Developments).
ASKER
SEK 64.71
Asker Healthcare Group
7D
8.8%
1Y
n/a
EQL
SEK 55.50
EQL Pharma
7D
0.4%
1Y
-23.8%

EQL: Leadership Restructuring And Incentive Plan Will Support Long Term Outlook

Analysts have kept their SEK price target for EQL Pharma unchanged at SEK 80. This reflects stable assumptions on fair value, discount rate, revenue growth, profit margin, and future P/E.
ATT
SEK 103.40
Attendo
7D
2.2%
1Y
70.1%

ATT: Future Cash Returns And Dividend Policy Will Support Measured Prospects

Analysts have kept their SEK 110.0 price target for Attendo unchanged, citing only minor tweaks to the discount rate, long-term revenue growth, profit margin assumptions, and a slightly higher future P/E multiple in their models. What's in the News An undisclosed buyer acquired an unknown minority stake in Attendo AB (publ) from Nordstjernan AB on February 23, 2026.
DEDI
SEK 40.10
Dedicare
7D
1.0%
1Y
-14.9%
NGS
SEK 2.26
NGS Group
7D
-5.0%
1Y
-28.7%

NGS Group (NGM:NGS) Takes On Some Risk With Its Use Of Debt

Jan 23
NGS Group (NGM:NGS) Takes On Some Risk With Its Use Of Debt
HEGR
SEK 0.68
Hedera Group
7D
0.7%
1Y
-83.1%