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Swedish (OMX) Real Estate Sector Analysis

UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies57
  • 7D-2.1%
  • 3M-1.7%
  • 1Y-9.4%
  • YTD-2.5%

Over the last 7 days, the Real Estate industry has dropped 2.1%, driven by a pullback from AB Sagax of 4.6%. Meanwhile, Intea Fastigheter actually outperformed within the industry, gaining 5.4% in the last week. The industry has fallen 9.4% in the last year. Looking forward, earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

Has the Swedish Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 19 Feb 2026SEK 588.9bSEK 122.6bSEK 40.6b12.5x14.5x4.8x
Sat, 17 Jan 2026SEK 619.3bSEK 121.0bSEK 42.6b15.4x14.5x5.1x
Mon, 15 Dec 2025SEK 593.8bSEK 121.0bSEK 42.6b14.9x13.9x4.9x
Wed, 12 Nov 2025SEK 604.4bSEK 121.0bSEK 43.0b14.6x14.1x5x
Fri, 10 Oct 2025SEK 591.3bSEK 119.9bSEK 30.7b16.8x19.2x4.9x
Sun, 07 Sep 2025SEK 601.0bSEK 119.9bSEK 30.7b16.9x19.6x5x
Tue, 05 Aug 2025SEK 619.2bSEK 120.3bSEK 27.3b18.6x22.7x5.1x
Thu, 03 Jul 2025SEK 650.4bSEK 119.9bSEK 28.5b20.7x22.8x5.4x
Sat, 31 May 2025SEK 622.6bSEK 121.0bSEK 28.1b19x22.1x5.1x
Mon, 28 Apr 2025SEK 609.7bSEK 120.2bSEK 18.0b21.9x34x5.1x
Wed, 26 Mar 2025SEK 588.5bSEK 120.0bSEK 16.5b20.1x35.7x4.9x
Fri, 21 Feb 2025SEK 648.5bSEK 122.0bSEK 8.5b22.7x76.1x5.3x
Sun, 19 Jan 2025SEK 661.9bSEK 119.5b-SEK 28,922,843,647.6929x-22.9x5.5x
Tue, 17 Dec 2024SEK 661.8bSEK 119.6b-SEK 28,920,914,640.3528.5x-22.9x5.5x
Thu, 14 Nov 2024SEK 678.5bSEK 120.6b-SEK 30,008,965,714.9648.9x-22.6x5.6x
Sat, 12 Oct 2024SEK 748.0bSEK 117.6b-SEK 39,952,668,493.3157.1x-18.7x6.4x
Mon, 09 Sep 2024SEK 710.4bSEK 117.5b-SEK 39,872,720,266.5156.7x-17.8x6x
Wed, 07 Aug 2024SEK 670.5bSEK 116.8b-SEK 53,211,323,219.9054.5x-12.6x5.7x
Fri, 05 Jul 2024SEK 672.8bSEK 115.1b-SEK 62,050,049,262.8262.6x-10.8x5.8x
Sun, 02 Jun 2024SEK 655.9bSEK 115.2b-SEK 61,819,666,530.3242.2x-10.6x5.7x
Tue, 30 Apr 2024SEK 617.8bSEK 110.0b-SEK 53,218,203,075.7425.9x-11.6x5.6x
Thu, 28 Mar 2024SEK 656.0bSEK 113.3b-SEK 69,845,782,138.6626.4x-9.4x5.8x
Sat, 24 Feb 2024SEK 582.8bSEK 117.1b-SEK 98,079,178,074.2822x-5.9x5x
Mon, 22 Jan 2024SEK 591.1bSEK 113.5b-SEK 90,727,631,576.0022.7x-6.5x5.2x
Wed, 20 Dec 2023SEK 636.3bSEK 113.6b-SEK 89,791,108,204.0022.2x-7.1x5.6x
Fri, 17 Nov 2023SEK 547.3bSEK 112.6b-SEK 90,853,969,107.0019.2x-6x4.9x
Sun, 15 Oct 2023SEK 487.5bSEK 109.9b-SEK 78,819,828,907.0017.7x-6.2x4.4x
Tue, 12 Sep 2023SEK 525.7bSEK 110.1b-SEK 78,411,682,282.0018.6x-6.7x4.8x
Thu, 10 Aug 2023SEK 530.9bSEK 108.7b-SEK 71,002,679,014.0019.7x-7.5x4.9x
Sat, 08 Jul 2023SEK 507.4bSEK 114.1b-SEK 44,130,187,044.0014.5x-11.5x4.4x
Mon, 05 Jun 2023SEK 489.3bSEK 113.2b-SEK 33,795,429,233.0014.8x-14.5x4.3x
Wed, 03 May 2023SEK 517.8bSEK 112.3b-SEK 20,168,657,800.0014.2x-25.7x4.6x
Fri, 31 Mar 2023SEK 526.1bSEK 111.5bSEK 36.7b8.8x14.3x4.7x
Sun, 26 Feb 2023SEK 569.3bSEK 109.8bSEK 43.9b7.9x13x5.2x
Price to Earnings Ratio

13x


Total Market Cap: SEK 569.3bTotal Earnings: SEK 43.9bTotal Revenue: SEK 109.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Real Estate Sector Price to Earnings3Y Average -2.7x202420252026
Current Industry PE
  • Investors are pessimistic on the Swedish Real Estate 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 14.5x which is higher than its 3-year average PE of -2.7x.
  • The industry is trading close to its 3-year average PS ratio of 5.2x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 2.6% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.7% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Swedish Real Estate sector?

SE Market-0.44%
Real Estate-2.12%
Real Estate-2.12%
Industry PE
  • Investors are most optimistic about the Real Estate industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 10.9%, which is lower than the prior year's growth of 96.6% per year.
  • Investors are most pessimistic about the Real Estate 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 Real Estate industry, expecting annual earnings growth of 11% over the next 5 years.
  • However this is lower than its past earnings growth rate of 97% per year.
  • In contrast, the Real Estate 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
DIOS Diös FastigheterSEK 69.456.2%
+SEK 574.2m		-1.3%PE12.2x
WALL B WallenstamSEK 43.461.2%
+SEK 331.8m		-7.2%PE10.8x
SFAST Stenhus Fastigheter i NordenSEK 11.804.8%
+SEK 195.8m		-0.3%PE12.1x
PRISMA Prisma PropertiesSEK 25.403.7%
+SEK 148.1m		-2.9%PE11.9x
NYF NyfosaSEK 68.301.0%
+SEK 135.3m		-32.4%PE27.9x

Latest News

CAST
SEK 104.80
Castellum
7D
-4.2%
1Y
-10.6%
PNDX B
SEK 190.60
Pandox
7D
-3.6%
1Y
-3.1%
PRISMA
SEK 25.40
Prisma Properties
7D
3.7%
1Y
-2.9%
ANNE B
SEK 17.04
Annehem Fastigheter
7D
5.4%
1Y
2.7%
DIOS
SEK 69.45
Diös Fastigheter
7D
6.2%
1Y
-1.3%

Analysts Are Updating Their Diös Fastigheter AB (publ) (STO:DIOS) Estimates After Its Full-Year Results

Feb 18
Analysts Are Updating Their Diös Fastigheter AB (publ) (STO:DIOS) Estimates After Its Full-Year Results
WIHL
SEK 89.65
Wihlborgs Fastigheter
7D
-3.9%
1Y
-13.9%

Wihlborgs Fastigheter's (STO:WIHL) Earnings Are Weaker Than They Seem

Feb 18
Wihlborgs Fastigheter's (STO:WIHL) Earnings Are Weaker Than They Seem
WBGR B
SEK 5.10
Wästbygg Gruppen
7D
28.1%
1Y
-62.2%
HUFV A
SEK 127.60
Hufvudstaden
7D
0.4%
1Y
5.6%

Hufvudstaden (STO:HUFV A) Is Increasing Its Dividend To SEK2.90

Feb 16
Hufvudstaden (STO:HUFV A) Is Increasing Its Dividend To SEK2.90
NYF
SEK 68.30
Nyfosa
7D
1.0%
1Y
-32.4%
SAGA A
SEK 175.00
AB Sagax
7D
-2.2%
1Y
-22.9%
FABG
SEK 81.40
Fabege
7D
-2.6%
1Y
-3.6%

FABG: Updated Dividend And Assumption Shifts Will Support Balanced Outlook

Analysts have slightly adjusted their price target on Fabege to €86.61 from €86.82, reflecting updated assumptions for the discount rate, revenue growth, profit margin and future P/E that they see as better aligned with current conditions and the company's risk profile. What's in the News The board of Fabege AB (publ) has proposed a dividend of SEK 2.20 per share for the January to December 2025 period, compared with SEK 2.00 previously.
NP3
SEK 257.00
NP3 Fastigheter
7D
-4.3%
1Y
1.0%

NP3 Fastigheter (STO:NP3) Is Increasing Its Dividend To SEK1.60

Feb 09
NP3 Fastigheter (STO:NP3) Is Increasing Its Dividend To SEK1.60
WALL B
SEK 43.46
Wallenstam
7D
1.2%
1Y
-7.2%

Wallenstam (STO:WALL B) Is Increasing Its Dividend To SEK0.30

Feb 08
Wallenstam (STO:WALL B) Is Increasing Its Dividend To SEK0.30
BALD B
SEK 63.60
Fastighets AB Balder
7D
-3.5%
1Y
-15.9%
CATE
SEK 460.80
Catena
7D
-3.7%
1Y
3.3%

CATE: Nordic Logistics Portfolio Expansion And Ramlosa Leases Will Support Future Upside

Analysts have adjusted their price target on Catena to €575.00. The update mainly reflects revised assumptions for revenue growth, profit margin and a lower future P/E multiple, while the fair value estimate remains at €575.00.
SFAST
SEK 11.80
Stenhus Fastigheter i Norden
7D
4.8%
1Y
-0.3%