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Swedish (OMX) Steel Industry Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies3
  • 7D1.6%
  • 3M21.0%
  • 1Y51.5%
  • YTDn/a

Over the last 7 days, the Steel industry has risen 3.0%, driven by gains from SSAB of 2.8%. During this same period, the Grangex underperformed, falling 10%. In the last 12 months, the industry was up 56%. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

Has the Swedish Steel Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026SEK 96.4bSEK 117.0bSEK 5.9b18.5x16.3x0.8x
Thu, 11 Dec 2025SEK 91.0bSEK 117.0bSEK 5.9b17.6x15.4x0.8x
Sat, 08 Nov 2025SEK 79.6bSEK 117.0bSEK 5.9b16.2x13.5x0.7x
Mon, 06 Oct 2025SEK 82.9bSEK 118.6bSEK 5.6b15.5x14.7x0.7x
Wed, 03 Sep 2025SEK 70.3bSEK 118.6bSEK 5.6b13.6x12.5x0.6x
Fri, 01 Aug 2025SEK 73.3bSEK 118.6bSEK 5.6b13.9x13x0.6x
Sun, 29 Jun 2025SEK 75.6bSEK 121.9bSEK 6.6b11.8x11.4x0.6x
Tue, 27 May 2025SEK 78.3bSEK 121.9bSEK 6.6b12.2x11.8x0.6x
Thu, 24 Apr 2025SEK 78.2bSEK 123.5bSEK 8.1b10.6x9.7x0.6x
Sat, 22 Mar 2025SEK 92.2bSEK 123.1bSEK 7.7b14.5x11.9x0.7x
Mon, 17 Feb 2025SEK 85.8bSEK 123.1bSEK 7.7b14.5x11.1x0.7x
Wed, 15 Jan 2025SEK 63.2bSEK 125.9bSEK 9.3b10.4x6.8x0.5x
Fri, 13 Dec 2024SEK 69.0bSEK 125.9bSEK 9.3b10.5x7.5x0.5x
Sun, 10 Nov 2024SEK 73.4bSEK 125.9bSEK 9.3b10.3x7.9x0.6x
Tue, 08 Oct 2024SEK 68.8bSEK 131.0bSEK 11.6b9.6x5.9x0.5x
Thu, 05 Sep 2024SEK 63.5bSEK 131.0bSEK 11.6b9.4x5.5x0.5x
Sat, 03 Aug 2024SEK 69.4bSEK 131.0bSEK 11.6b9.7x6x0.5x
Mon, 01 Jul 2024SEK 75.0bSEK 134.8bSEK 12.7b13.1x5.9x0.6x
Wed, 29 May 2024SEK 78.8bSEK 134.8bSEK 12.7b13.8x6.2x0.6x
Fri, 26 Apr 2024SEK 77.7bSEK 134.8bSEK 12.7b12.7x6.1x0.6x
Sun, 24 Mar 2024SEK 99.4bSEK 140.2bSEK 14.6b8.9x6.8x0.7x
Tue, 20 Feb 2024SEK 101.6bSEK 140.2bSEK 14.6b8.8x7x0.7x
Thu, 18 Jan 2024SEK 92.3bSEK 143.9b-SEK 17,294,642,000.0011.1x-5.3x0.6x
Sat, 16 Dec 2023SEK 96.6bSEK 143.9b-SEK 17,294,642,000.0012.1x-5.6x0.7x
Mon, 13 Nov 2023SEK 88.9bSEK 143.9b-SEK 17,293,112,000.0010.4x-5.1x0.6x
Wed, 11 Oct 2023SEK 79.3bSEK 145.8b-SEK 16,019,112,000.0012.3x-5x0.5x
Fri, 08 Sep 2023SEK 74.6bSEK 145.8b-SEK 16,019,112,000.0010.2x-4.7x0.5x
Sun, 06 Aug 2023SEK 76.5bSEK 145.8b-SEK 16,019,523,000.008.5x-4.8x0.5x
Tue, 04 Jul 2023SEK 91.0bSEK 148.6b-SEK 11,469,523,000.007.1x-7.9x0.6x
Thu, 01 Jun 2023SEK 81.3bSEK 148.6b-SEK 11,469,523,000.006.4x-7.1x0.5x
Sat, 29 Apr 2023SEK 85.7bSEK 148.6b-SEK 11,468,474,000.007.6x-7.5x0.6x
Mon, 27 Mar 2023SEK 81.6bSEK 147.2b-SEK 9,426,474,000.008.1x-8.7x0.6x
Wed, 22 Feb 2023SEK 88.8bSEK 147.2b-SEK 9,425,601,000.009.2x-9.4x0.6x
Fri, 20 Jan 2023SEK 76.0bSEK 143.1bSEK 26.0b5x2.9x0.5x
Price to Earnings Ratio

2.9x


Total Market Cap: SEK 76.0bTotal Earnings: SEK 26.0bTotal Revenue: SEK 143.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Steel Industry Price to Earnings3Y Average 3.9x202420252026
Current Industry PE
    There are only 3 companies in the Swedish Steel industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Steel industry have declined 39% per year over the last three years,
  • Revenues have also declined 6.5% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Swedish Steel compare with similar industries?

SE Market2.50%
Materials2.48%
Metals and Mining4.94%
Steel1.58%
Diversified Metals and Mining7.16%
Silver7.03%
Precious Metals and Minerals3.08%
Aluminum2.92%
Gold0%0
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SSAB A SSABSEK 75.461.6%
+SEK 1.2b		71.6%PE15.2x
ALLEI AlleimaSEK 85.001.4%
+SEK 300.2m		7.7%PE21.7x
GRANGX GrangexSEK 51.203.2%
+SEK 22.5m		402.0%PS23.5x
NIO Nordic Iron OreSEK 5.584.1%
+SEK 14.9m		17.7%PB1.5x

Latest News

SSAB A
SEK 75.46
SSAB
7D
1.6%
1Y
71.6%

SSAB (STO:SSAB A) Is Doing The Right Things To Multiply Its Share Price

Jan 12
SSAB (STO:SSAB A) Is Doing The Right Things To Multiply Its Share Price
ALLEI
SEK 85.00
Alleima
7D
1.4%
1Y
7.7%

ALLEI: Future Margins And Discount Rate Will Shape Fair Value Poise

Analysts have nudged their price target on Alleima slightly lower to €86.0 from €86.5. This reflects small adjustments to assumptions around discount rate, revenue growth, profit margin and future P/E. Valuation Changes Fair Value Estimate: Trimmed slightly from €86.5 to €86.0 per share, reflecting minor model adjustments.
NIO
SEK 5.58
Nordic Iron Ore
7D
4.1%
1Y
17.7%
GRANGX
SEK 51.20
Grangex
7D
3.2%
1Y
402.0%