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Swedish (OMX) Materials Sector Analysis

UpdatedMay 12, 2026
DataAggregated Company Financials
Companies38
  • 7D5.2%
  • 3M-9.4%
  • 1Y9.6%
  • YTD-3.4%

The Materials industry is up 5.2% in the last week, with Boliden up 6.5%. This takes the industry's 12 month performance to a gain of 9.6%. Looking forward, earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

Has the Swedish Materials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 13 May 2026SEK 451.9bSEK 361.3bSEK 25.0b20.2x18.1x1.3x
Fri, 10 Apr 2026SEK 452.0bSEK 356.9bSEK 24.2b17.3x18.7x1.3x
Sun, 08 Mar 2026SEK 481.8bSEK 356.1bSEK 24.2b17.3x19.9x1.4x
Tue, 03 Feb 2026SEK 478.8bSEK 354.1bSEK 23.1b16.8x20.8x1.4x
Thu, 01 Jan 2026SEK 459.0bSEK 358.6bSEK 24.0b17.3x19.1x1.3x
Sat, 29 Nov 2025SEK 433.6bSEK 358.6bSEK 24.0b15.8x18.1x1.2x
Mon, 27 Oct 2025SEK 424.3bSEK 358.8bSEK 24.1b18.5x17.6x1.2x
Wed, 24 Sep 2025SEK 395.9bSEK 366.1bSEK 25.1b13.8x15.8x1.1x
Fri, 22 Aug 2025SEK 394.0bSEK 366.1bSEK 25.1b15.1x15.7x1.1x
Sun, 20 Jul 2025SEK 385.7bSEK 368.9bSEK 25.9b15x14.9x1x
Tue, 17 Jun 2025SEK 392.3bSEK 370.1bSEK 29.6b13.6x13.2x1.1x
Thu, 15 May 2025SEK 413.3bSEK 370.0bSEK 29.7b14.5x13.9x1.1x
Sat, 12 Apr 2025SEK 376.6bSEK 365.0bSEK 29.7b14.3x12.7x1x
Mon, 10 Mar 2025SEK 461.4bSEK 366.0bSEK 29.7b18.5x15.5x1.3x
Wed, 05 Feb 2025SEK 434.8bSEK 357.8bSEK 27.9b16.5x15.6x1.2x
Fri, 03 Jan 2025SEK 406.0bSEK 356.0bSEK 28.4b15.2x14.3x1.1x
Sun, 01 Dec 2024SEK 409.8bSEK 356.0bSEK 28.3b15.3x14.5x1.2x
Tue, 29 Oct 2024SEK 418.6bSEK 355.8bSEK 28.3b15.3x14.8x1.2x
Thu, 26 Sep 2024SEK 421.4bSEK 357.5bSEK 29.8b14.1x14.2x1.2x
Sat, 24 Aug 2024SEK 411.5bSEK 357.4bSEK 29.6b14x13.9x1.2x
Mon, 22 Jul 2024SEK 435.7bSEK 359.9bSEK 31.4b14.5x13.9x1.2x
Wed, 19 Jun 2024SEK 440.4bSEK 355.2bSEK 27.3b15.7x16.1x1.2x
Fri, 17 May 2024SEK 468.8bSEK 355.3bSEK 27.3b16.5x17.1x1.3x
Sun, 14 Apr 2024SEK 461.0bSEK 365.5bSEK 32.2b15.3x14.3x1.3x
Tue, 12 Mar 2024SEK 426.2bSEK 365.4bSEK 32.0b13.1x13.3x1.2x
Thu, 08 Feb 2024SEK 423.5bSEK 368.7bSEK 32.7b15.2x13x1.1x
Sat, 06 Jan 2024SEK 450.5bSEK 380.6bSEK 3.0b14.7x151.7x1.2x
Mon, 04 Dec 2023SEK 456.9bSEK 380.6bSEK 3.0b14x152.9x1.2x
Wed, 01 Nov 2023SEK 425.6bSEK 380.8bSEK 2.9b14.5x148.8x1.1x
Fri, 29 Sep 2023SEK 417.8bSEK 386.9bSEK 7.8b13x53.5x1.1x
Sun, 27 Aug 2023SEK 401.6bSEK 386.7bSEK 7.8b12.8x51.2x1x
Tue, 25 Jul 2023SEK 399.5bSEK 387.3bSEK 8.7b11.5x46.1x1x
Thu, 22 Jun 2023SEK 427.9bSEK 397.1bSEK 19.1b10.9x22.5x1.1x
Sat, 20 May 2023SEK 445.1bSEK 397.0bSEK 19.1b11.6x23.3x1.1x
Price to Earnings Ratio

23.3x


Total Market Cap: SEK 445.1bTotal Earnings: SEK 19.1bTotal Revenue: SEK 397.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Materials Sector Price to Earnings3Y Average 32.6x202420252026
Current Industry PE
  • Investors are pessimistic on the Swedish Materials 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 18.1x which is lower than its 3-year average PE of 32.6x.
  • The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have grown 9.3% per year over the last three years.
  • Meanwhile revenues for these companies have declined 3.1% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Swedish Materials sector?

SE Market1.70%
Materials5.19%
Metals and Mining9.31%
Packaging2.71%
Chemicals-0.62%
Paper and Forestry Products-1.86%
Industry PE
  • Investors are most optimistic about the Packaging industry which is trading above its 3-year average PE ratio of 35.5x.
    • Analysts are expecting annual earnings growth of 86.7%, which is higher than its past year's earnings decline of 95.8% per year.
  • Investors are most pessimistic about the Metals and Mining industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Packaging industry, expecting annual earnings growth of 87% over the next 5 years.
  • This is better than its past earnings decline of 96% per year.
  • In contrast, the Paper and Forestry Products industry is expected to see its earnings grow by 6.2% 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
BOL BolidenSEK 522.006.5%
+SEK 9.1b		66.3%PE13.4x
ALLEI AlleimaSEK 83.153.0%
+SEK 612.9m		6.5%PE36.7x
SOSI Sotkamo SilverSEK 5.6038.3%
+SEK 523.3m		550.4%PE140.1x
GRNG GrängesSEK 178.802.1%
+SEK 383.4m		41.6%PE17.6x
VISC Gruvaktiebolaget ViscariaSEK 17.187.6%
+SEK 293.2m		1.4%PS14.5x

Latest News

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OrganoClick
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-17.2%
1Y
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ALLEI
SEK 83.15
Alleima
7D
3.0%
1Y
6.5%
SOSI
SEK 5.60
Sotkamo Silver
7D
38.3%
1Y
550.4%
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Sotkamo Silver AB's ( NGM:SOSI ) strong earnings report was rewarded with a positive stock price move. We did some...
HPOL B
SEK 73.60
HEXPOL
7D
-0.3%
1Y
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GRNG
SEK 178.80
Gränges
7D
2.1%
1Y
41.6%
HOLM B
SEK 305.20
Holmen
7D
-3.0%
1Y
-26.1%
Analysis Article • May 06

Why Holmen's (STO:HOLM B) Shaky Earnings Are Just The Beginning Of Its Problems

A lackluster earnings announcement from Holmen AB (publ) ( STO:HOLM B ) last week didn't sink the stock price. Our...
SCA B
SEK 100.45
Svenska Cellulosa Aktiebolaget
7D
-1.8%
1Y
-23.2%
SSAB A
SEK 82.64
SSAB
7D
-4.1%
1Y
37.3%
ARPL
SEK 41.05
Arla Plast
7D
-4.8%
1Y
-15.4%
BOL
SEK 522.00
Boliden
7D
6.5%
1Y
66.3%
Narrative Update • May 01

BOL: Future Garpenberg Investment And Restart Will Support Re Rating

Analysts have trimmed the fair value estimate for Boliden from SEK 676.74 to about SEK 645.13, reflecting updated assumptions around discount rates, revenue growth, margins, and recent shifts in Street price targets that have included both increases and cuts across several banks. Analyst Commentary Recent Street research on Boliden has been mixed, with several banks adjusting price targets in both directions and some issuing rating changes.
KBC
SEK 46.40
KB Components
7D
-0.6%
1Y
-6.3%
RROS
SEK 2.30
Rottneros
7D
-4.6%
1Y
-61.5%
VISC
SEK 17.18
Gruvaktiebolaget Viscaria
7D
7.6%
1Y
1.4%
GRANGX
SEK 68.90
Grangex
7D
5.5%
1Y
692.9%
BLUE
SEK 2.39
Bluelake Mineral
7D
51.9%
1Y
177.3%