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Swedish (OMX) Real Estate Sector Analysis

UpdatedSep 02, 2025
DataAggregated Company Financials
Companies58
  • 7D-2.6%
  • 3M-1.8%
  • 1Y-19.1%
  • YTD-8.8%

Over the last 7 days, the Real Estate industry has dropped 2.6%, driven by AB Sagax declining 6.8%. The industry has fallen 19% in the last year. Looking forward, earnings are forecast to grow by 21% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 03 Sep 2025SEK 604.7bSEK 119.9bSEK 30.7b17x19.7x5x
Fri, 01 Aug 2025SEK 611.6bSEK 120.3bSEK 27.3b18.4x22.4x5.1x
Sun, 29 Jun 2025SEK 651.7bSEK 120.7bSEK 28.6b19.8x22.8x5.4x
Tue, 27 May 2025SEK 613.0bSEK 120.9bSEK 28.1b18.8x21.8x5.1x
Thu, 24 Apr 2025SEK 604.5bSEK 120.2bSEK 17.7b21.4x34.2x5x
Sat, 22 Mar 2025SEK 597.8bSEK 120.0bSEK 16.5b20.3x36.2x5x
Mon, 17 Feb 2025SEK 676.3bSEK 122.6b-SEK 4,485,066,226.5022.2x-150.8x5.5x
Wed, 15 Jan 2025SEK 630.9bSEK 119.6b-SEK 28,923,398,322.8427.9x-21.8x5.3x
Fri, 13 Dec 2024SEK 674.7bSEK 119.6b-SEK 28,923,844,660.4028.6x-23.3x5.6x
Sun, 10 Nov 2024SEK 700.5bSEK 120.6b-SEK 30,000,241,724.9349.6x-23.3x5.8x
Tue, 08 Oct 2024SEK 755.8bSEK 117.5b-SEK 39,869,850,721.8558.2x-19x6.4x
Thu, 05 Sep 2024SEK 697.8bSEK 117.5b-SEK 39,874,171,244.4554.5x-17.5x5.9x
Sat, 03 Aug 2024SEK 698.9bSEK 116.7b-SEK 53,213,084,953.4756.5x-13.1x6x
Mon, 01 Jul 2024SEK 651.6bSEK 115.1b-SEK 62,048,959,719.4062.1x-10.5x5.7x
Wed, 29 May 2024SEK 654.2bSEK 115.4b-SEK 61,829,379,060.9940.6x-10.6x5.7x
Fri, 26 Apr 2024SEK 594.1bSEK 110.3b-SEK 57,143,465,764.8337.4x-10.4x5.4x
Sun, 24 Mar 2024SEK 643.8bSEK 113.3b-SEK 69,843,034,258.6524.8x-9.2x5.7x
Tue, 20 Feb 2024SEK 590.2bSEK 115.3b-SEK 98,864,951,094.0722.8x-6x5.1x
Thu, 18 Jan 2024SEK 592.3bSEK 113.5b-SEK 90,724,334,579.0023.2x-6.5x5.2x
Sat, 16 Dec 2023SEK 631.8bSEK 113.6b-SEK 89,793,916,038.0020.8x-7x5.6x
Mon, 13 Nov 2023SEK 517.0bSEK 109.9b-SEK 91,054,533,943.0018.6x-5.7x4.7x
Wed, 11 Oct 2023SEK 493.7bSEK 110.1b-SEK 78,425,730,659.0017.5x-6.3x4.5x
Fri, 08 Sep 2023SEK 523.9bSEK 110.2b-SEK 78,411,303,186.0018.5x-6.7x4.8x
Sun, 06 Aug 2023SEK 534.6bSEK 108.7b-SEK 71,006,227,843.0019.7x-7.5x4.9x
Tue, 04 Jul 2023SEK 497.8bSEK 113.3b-SEK 34,180,526,248.0013x-14.6x4.4x
Thu, 01 Jun 2023SEK 459.5bSEK 113.2b-SEK 33,779,233,769.0013.9x-13.6x4.1x
Sat, 29 Apr 2023SEK 540.3bSEK 112.5b-SEK 182,224,366.0011.8x-2965.2x4.8x
Mon, 27 Mar 2023SEK 496.1bSEK 111.4bSEK 37.5b8.4x13.2x4.5x
Wed, 22 Feb 2023SEK 584.4bSEK 114.0bSEK 75.3b6.3x7.8x5.1x
Fri, 20 Jan 2023SEK 610.4bSEK 111.2bSEK 120.0b5.5x5.1x5.5x
Sun, 18 Dec 2022SEK 546.2bSEK 111.2bSEK 120.0b4.8x4.6x4.9x
Tue, 15 Nov 2022SEK 562.1bSEK 110.8bSEK 121.8b4.1x4.6x5.1x
Thu, 13 Oct 2022SEK 444.4bSEK 103.3bSEK 146.7b3.4x3x4.3x
Sat, 10 Sep 2022SEK 586.0bSEK 103.0bSEK 146.8b4.5x4x5.7x
Price to Earnings Ratio

4x


Total Market Cap: SEK 586.0bTotal Earnings: SEK 146.8bTotal Revenue: SEK 103.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Real Estate Sector Price to Earnings3Y Average -4.5x202320242025
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 19.7x which is higher than its 3-year average PE of -4.6x.
  • 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 41% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.2% 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-1.61%
Real Estate-2.60%
Real Estate-2.60%
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 21.4%, which is lower than the prior year's growth of 343.2% 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 21% over the next 5 years.
  • In contrast, the Real Estate industry is expected to see its earnings grow by 21% 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
EMIL B Fastighetsbolaget EmilshusSEK 49.303.1%
+SEK 234.2m		13.3%PE22.2x
BOHO Boho GroupSEK 6.7612.7%
+SEK 43.8m		-27.2%PS3.1x
AMH2 B Amhult 2SEK 59.003.5%
+SEK 13.7m		1.7%PE5x
KAPIAB Kallebäck Property InvestSEK 202.001.0%
+SEK 7.3m		11.3%PE10.3x
BONAS Bonäsudden HoldingSEK 136.002.3%
+SEK 5.0m		-15.0%PE16.3x

Latest News

CATE
SEK 419.60
Catena
7D
-6.3%
1Y
-25.1%

At kr435, Is It Time To Put Catena AB (publ) (STO:CATE) On Your Watch List?

Sep 01
At kr435, Is It Time To Put Catena AB (publ) (STO:CATE) On Your Watch List?
KAPIAB
SEK 202.00
Kallebäck Property Invest
7D
1.0%
1Y
11.3%

Additional Considerations Required While Assessing Kallebäck Property Invest's (STO:KAPIAB) Strong Earnings

Aug 31
Additional Considerations Required While Assessing Kallebäck Property Invest's (STO:KAPIAB) Strong Earnings
PRESRV
SEK 41.40
Preservium Property
7D
1.5%
1Y
24.0%
SAGA A
SEK 197.50
AB Sagax
7D
-6.8%
1Y
-25.8%
WALL B
SEK 42.68
Wallenstam
7D
-5.9%
1Y
-18.9%

Stockholm And Gothenburg Demand Will Drive Future Expansion

The slight increase in Wallenstam’s consensus price target to SEK46.00 primarily reflects an improved net profit margin, which offset an effectively unchanged discount rate. What's in the News Wallenstam completed repurchase of 11,000,000 shares (1.68%) for SEK 515.63 million under its ongoing buyback program.
BOHO
SEK 6.76
Boho Group
7D
12.7%
1Y
-27.2%

Is Boho Group (STO:BOHO) A Risky Investment?

Aug 26
Is Boho Group (STO:BOHO) A Risky Investment?
BALD B
SEK 64.40
Fastighets AB Balder
7D
-5.7%
1Y
-19.1%
CAST
SEK 104.65
Castellum
7D
-4.6%
1Y
-23.7%

Is It Time To Consider Buying Castellum AB (publ) (STO:CAST)?

Aug 14
Is It Time To Consider Buying Castellum AB (publ) (STO:CAST)?
PNDX B
SEK 164.80
Pandox
7D
-5.6%
1Y
-13.4%
WIHL
SEK 91.05
Wihlborgs Fastigheter
7D
-5.4%
1Y
-14.8%

Wihlborgs Fastigheter (STO:WIHL) Takes On Some Risk With Its Use Of Debt

Aug 05
Wihlborgs Fastigheter (STO:WIHL) Takes On Some Risk With Its Use Of Debt
AMH2 B
SEK 59.00
Amhult 2
7D
3.5%
1Y
1.7%
FABG
SEK 78.20
Fabege
7D
-8.1%
1Y
-11.9%
User avatar

Sustainable Stockholm Offices Will Thrive With Urban Migration

Prime Stockholm assets, sustainable property focus, and readiness for demand recovery position Fabege for higher occupancy, rental income, and NAV growth.
EMIL B
SEK 49.30
Fastighetsbolaget Emilshus
7D
3.1%
1Y
13.3%
REAL
SEK 9.70
Real Fastigheter
7D
1.6%
1Y
9.2%
BONAS
SEK 136.00
Bonäsudden Holding
7D
2.3%
1Y
-15.0%