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Swedish (OMX) Steel Industry Analysis

UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies3
  • 7D2.9%
  • 3M14.6%
  • 1Y14.3%
  • YTDn/a

In the last week, the Steel industry is up 6.0%, with all of the companies up. This takes the industry's 12 month performance to a gain of 15%. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Feb 2026SEK 100.8bSEK 114.9bSEK 5.6b23.6x18.2x0.9x
Mon, 26 Jan 2026SEK 100.0bSEK 117.0bSEK 5.9b19.1x16.9x0.9x
Wed, 24 Dec 2025SEK 89.0bSEK 117.0bSEK 5.9b17.3x15.1x0.8x
Fri, 21 Nov 2025SEK 82.4bSEK 117.0bSEK 5.9b16.7x14x0.7x
Sun, 19 Oct 2025SEK 77.2bSEK 118.6bSEK 5.6b15x13.7x0.7x
Tue, 16 Sep 2025SEK 71.4bSEK 118.6bSEK 5.6b13.8x12.7x0.6x
Thu, 14 Aug 2025SEK 73.8bSEK 118.6bSEK 5.6b14x13.1x0.6x
Sat, 12 Jul 2025SEK 81.6bSEK 121.9bSEK 6.6b12.6x12.3x0.7x
Mon, 09 Jun 2025SEK 79.9bSEK 121.9bSEK 6.6b12.3x12.1x0.7x
Wed, 07 May 2025SEK 80.6bSEK 121.9bSEK 6.6b12.1x12.2x0.7x
Fri, 04 Apr 2025SEK 77.8bSEK 123.1bSEK 7.7b12.5x10.1x0.6x
Sun, 02 Mar 2025SEK 88.4bSEK 123.1bSEK 7.7b14.6x11.4x0.7x
Tue, 28 Jan 2025SEK 69.6bSEK 126.0bSEK 9.1b12.4x7.6x0.6x
Thu, 26 Dec 2024SEK 62.3bSEK 125.9bSEK 9.3b9.8x6.7x0.5x
Sat, 23 Nov 2024SEK 68.4bSEK 125.9bSEK 9.3b9.9x7.4x0.5x
Mon, 21 Oct 2024SEK 65.6bSEK 131.0bSEK 11.6b9.2x5.6x0.5x
Wed, 18 Sep 2024SEK 63.5bSEK 131.0bSEK 11.6b9.2x5.5x0.5x
Fri, 16 Aug 2024SEK 67.9bSEK 131.0bSEK 11.6b9.6x5.8x0.5x
Sun, 14 Jul 2024SEK 79.5bSEK 134.8bSEK 12.7b14.5x6.3x0.6x
Tue, 11 Jun 2024SEK 76.2bSEK 134.8bSEK 12.7b13.4x6x0.6x
Thu, 09 May 2024SEK 78.6bSEK 134.8bSEK 12.7b12.6x6.2x0.6x
Sat, 06 Apr 2024SEK 89.0bSEK 140.2bSEK 14.6b8.3x6.1x0.6x
Mon, 04 Mar 2024SEK 96.9bSEK 140.2bSEK 14.6b8.5x6.6x0.7x
Wed, 31 Jan 2024SEK 93.6bSEK 143.8b-SEK 17,303,642,000.0010.6x-5.4x0.7x
Fri, 29 Dec 2023SEK 97.8bSEK 143.9b-SEK 17,294,642,000.0012x-5.7x0.7x
Sun, 26 Nov 2023SEK 96.0bSEK 143.9b-SEK 17,294,642,000.0011.6x-5.6x0.7x
Tue, 24 Oct 2023SEK 70.6bSEK 145.8b-SEK 16,019,112,000.0011.5x-4.4x0.5x
Thu, 21 Sep 2023SEK 75.0bSEK 145.8b-SEK 16,019,112,000.0010.9x-4.7x0.5x
Sat, 19 Aug 2023SEK 74.4bSEK 145.8b-SEK 16,019,523,000.008.7x-4.6x0.5x
Mon, 17 Jul 2023SEK 90.2bSEK 148.6b-SEK 11,469,523,000.006.8x-7.9x0.6x
Wed, 14 Jun 2023SEK 91.7bSEK 148.6b-SEK 11,469,523,000.006.8x-8x0.6x
Fri, 12 May 2023SEK 80.6bSEK 148.6b-SEK 11,468,474,000.007.1x-7x0.5x
Sun, 09 Apr 2023SEK 86.9bSEK 147.2b-SEK 9,426,474,000.008.4x-9.2x0.6x
Tue, 07 Mar 2023SEK 95.0bSEK 147.2b-SEK 9,426,474,000.009.8x-10.1x0.6x
Price to Earnings Ratio

-10.1x


Total Market Cap: SEK 95.0bTotal Earnings: -SEK 9,426,474,000.00Total Revenue: SEK 147.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Steel Industry Price to Earnings3Y Average 4.9x202420252026
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
  • Total earnings for the Steel industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 7.9% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Comparison

How does Swedish Steel compare with similar industries?

SE Market1.14%
Materials4.06%
Metals and Mining6.34%
Steel2.95%
Diversified Metals and Mining8.39%
Silver5.00%
Aluminum2.87%
Gold0%0
Precious Metals and Minerals-12.99%
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 80.723.6%
+SEK 2.8b		24.4%PE16.4x
ALLEI AlleimaSEK 82.600.4%
+SEK 87.6m		-12.5%PE30.8x
NIO Nordic Iron OreSEK 4.303.1%
+SEK 8.8m		-20.4%PB1.1x

Latest News

GRANGX
SEK 68.50
Grangex
7D
-1.6%
1Y
598.3%
SSAB A
SEK 80.72
SSAB
7D
3.6%
1Y
24.4%

SSAB A: Higher Fair Value Reflects Confidence In Decarbonized Steel Execution

Narrative Update: SSAB The updated analyst work lifts our fair value estimate for SSAB from SEK 90.0 to SEK 104.0, reflecting recent price target increases from several banks and a reported shift to higher assumed revenue growth and P/E multiples, even as analysts factor in a slightly higher discount rate and more conservative profit margins. Analyst Commentary Recent Street research on SSAB presents a mixed picture, with a clear cluster of bullish analysts lifting price targets.
ALLEI
SEK 82.60
Alleima
7D
0.4%
1Y
-12.5%

ALLEI: Cautious Downgrade Will Put Execution And Dividend Commitment Under Scrutiny

Analysts have trimmed their stance on Alleima, keeping the fair value estimate steady at SEK 75 while adjusting inputs such as the discount rate and forward P/E. This reflects a more cautious tone following recent research downgrades.
NIO
SEK 4.30
Nordic Iron Ore
7D
3.1%
1Y
-20.4%