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Swedish (OMX) Real Estate Sector Analysis

UpdatedApr 06, 2026
DataAggregated Company Financials
Companies57
  • 7D5.4%
  • 3M-5.8%
  • 1Y-4.3%
  • YTD-6.0%

In the last week, the Real Estate industry is up 5.4%, with AB Sagax up 6.9%. In the same time, Wästbygg Gruppen was down 24%. In the past year, the industry is down 4.3%. As for the next few years, earnings are expected to grow by 11% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 06 Apr 2026SEK 567.0bSEK 120.7bSEK 39.6b11.8x14.3x4.7x
Wed, 04 Mar 2026SEK 595.5bSEK 120.7bSEK 40.2b12.6x14.8x4.9x
Fri, 30 Jan 2026SEK 616.2bSEK 120.9bSEK 42.6b15.2x14.5x5.1x
Sun, 28 Dec 2025SEK 596.7bSEK 121.0bSEK 42.6b14.4x14x4.9x
Tue, 25 Nov 2025SEK 605.6bSEK 121.0bSEK 42.6b15.3x14.2x5x
Thu, 23 Oct 2025SEK 648.0bSEK 120.1bSEK 33.3b16.1x19.5x5.4x
Sat, 20 Sep 2025SEK 608.9bSEK 119.9bSEK 30.7b17.4x19.8x5.1x
Mon, 18 Aug 2025SEK 613.9bSEK 120.3bSEK 27.3b18x22.5x5.1x
Wed, 16 Jul 2025SEK 628.2bSEK 120.4bSEK 27.7b19.7x22.7x5.2x
Fri, 13 Jun 2025SEK 613.7bSEK 120.6bSEK 28.6b18.9x21.4x5.1x
Sun, 11 May 2025SEK 610.6bSEK 121.7bSEK 23.8b19.3x25.7x5x
Tue, 08 Apr 2025SEK 559.7bSEK 119.5bSEK 16.5b20.1x34x4.7x
Thu, 06 Mar 2025SEK 629.4bSEK 122.3bSEK 14.9b21.8x42.2x5.1x
Sat, 01 Feb 2025SEK 681.9bSEK 119.6b-SEK 28,274,503,144.9629.3x-24.1x5.7x
Mon, 30 Dec 2024SEK 661.5bSEK 119.5b-SEK 28,921,492,055.0528.9x-22.9x5.5x
Wed, 27 Nov 2024SEK 661.9bSEK 120.9b-SEK 29,486,580,820.8428.6x-22.4x5.5x
Fri, 25 Oct 2024SEK 702.8bSEK 117.4b-SEK 38,333,582,729.0752.5x-18.3x6x
Sun, 22 Sep 2024SEK 731.4bSEK 117.5b-SEK 39,869,733,149.3057.2x-18.3x6.2x
Tue, 20 Aug 2024SEK 706.0bSEK 116.6b-SEK 47,619,517,700.0357.7x-14.8x6.1x
Thu, 18 Jul 2024SEK 708.7bSEK 117.1b-SEK 54,730,913,613.5160.2x-12.9x6.1x
Sat, 15 Jun 2024SEK 637.6bSEK 114.6b-SEK 61,914,243,895.0341.7x-10.3x5.6x
Mon, 13 May 2024SEK 647.0bSEK 115.3b-SEK 62,687,063,908.5646.7x-10.3x5.6x
Wed, 10 Apr 2024SEK 625.4bSEK 110.0b-SEK 69,870,892,586.1525.8x-9x5.7x
Fri, 08 Mar 2024SEK 587.6bSEK 113.5b-SEK 69,818,252,319.4821.4x-8.4x5.2x
Sun, 04 Feb 2024SEK 607.0bSEK 114.1b-SEK 90,244,601,082.0022.3x-6.7x5.3x
Tue, 02 Jan 2024SEK 650.5bSEK 113.5b-SEK 89,788,876,667.0023.7x-7.2x5.7x
Thu, 30 Nov 2023SEK 562.7bSEK 113.6b-SEK 89,604,870,034.0019.9x-6.3x5x
Sat, 28 Oct 2023SEK 455.8bSEK 110.6b-SEK 85,924,098,124.0022.8x-5.3x4.1x
Mon, 25 Sep 2023SEK 503.2bSEK 110.1b-SEK 78,416,063,717.0018.1x-6.4x4.6x
Wed, 23 Aug 2023SEK 502.5bSEK 109.7b-SEK 76,064,254,452.0018.8x-6.6x4.6x
Fri, 21 Jul 2023SEK 535.6bSEK 111.8b-SEK 67,967,340,271.0018.5x-7.9x4.8x
Sun, 18 Jun 2023SEK 495.7bSEK 113.3b-SEK 34,214,019,566.0013.8x-14.5x4.4x
Tue, 16 May 2023SEK 486.1bSEK 113.3b-SEK 30,943,097,192.0011.1x-15.7x4.3x
Thu, 13 Apr 2023SEK 543.0bSEK 110.8bSEK 27.9b9.5x19.5x4.9x
Price to Earnings Ratio

19.5x


Total Market Cap: SEK 543.0bTotal Earnings: SEK 27.9bTotal Revenue: SEK 110.8bTotal 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 14.3x 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 grown 12% per year over the last three years.
  • Revenues for these companies have grown 2.9% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

SE Market3.68%
Real Estate5.44%
Real Estate5.44%
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 63.0% 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 63% 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
SAGA A AB SagaxSEK 178.004.1%
+SEK 3.3b		-7.7%PE20.4x
BALD B Fastighets AB BalderSEK 56.783.9%
+SEK 2.5b		-5.9%PE8.8x
CAST CastellumSEK 112.854.7%
+SEK 2.4b		10.5%PE57.4x
WIHL Wihlborgs FastigheterSEK 87.754.0%
+SEK 1.0b		-4.3%PE12.2x
CATE CatenaSEK 450.203.5%
+SEK 1.0b		14.6%PE18.2x

Latest News

WIHL
SEK 87.75
Wihlborgs Fastigheter
7D
4.0%
1Y
-4.3%

WIHL: Upgraded Outlook And New Leases Will Support Future Cash Flows

Analysts have maintained their SEK 108.33 price target for Wihlborgs Fastigheter, citing updated assumptions that include a slightly lower discount rate and revised expectations for revenue growth, profit margin and future P/E as the basis for keeping their view unchanged. Analyst Commentary Bullish Takeaways Bullish analysts view the maintained SEK 108.33 target as consistent with their updated assumptions, arguing that the slightly lower discount rate still reflects what they see as an appropriate risk profile for Wihlborgs Fastigheter.
NYF
SEK 67.45
Nyfosa
7D
5.4%
1Y
-16.0%
CATE
SEK 450.20
Catena
7D
3.5%
1Y
14.6%

CATE: Dividend Plans And Equity Raise Will Shape Balanced Logistics Outlook

Analysts have revised their Catena price target higher to SEK450, citing updated assumptions on the discount rate, revenue growth, profit margin and future P/E that they view as better aligned with the company’s current risk and earnings profile. What's in the News Catena acquired and took possession of the Äringen 2 terminal in the Ljungarum industrial area outside Jönköping, a site of 59,000 square metres with around 12,200 square metres of lettable area, in a corporate transaction reflecting an underlying property value of SEK 169 million and a total investment of SEK 189 million (Key Developments).
BALD B
SEK 56.78
Fastighets AB Balder
7D
3.9%
1Y
-5.9%
CAST
SEK 112.85
Castellum
7D
4.7%
1Y
10.5%

CAST: Upgrades Signal Future Upside As Infinity Lease Execution Becomes Crucial

Analysts have increased their Castellum price target by SEK 3 to SEK 123, citing recent upgrades and updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the refreshed fair value work, including the move to a SEK 123 target, reflects greater confidence in Castellum's ability to align revenue growth and profit margins with the current valuation framework.
WBGR B
SEK 1.50
Wästbygg Gruppen
7D
-21.5%
1Y
-82.7%
SVEAF
SEK 35.18
Sveafastigheter
7D
-0.6%
1Y
12.7%
PNDX B
SEK 180.60
Pandox
7D
2.6%
1Y
15.9%

PNDX B: Bullish Danske View And Stable Metrics Support Future Upside

Analysts have kept the Pandox fair value estimate steady at SEK 234, with the recent bullish initiation from Danske Bank cited as support for the unchanged price target. Analyst Commentary Bullish Takeaways Bullish analysts view the SEK 234 fair value as supported by the recent initiation, indicating that current execution is seen as broadly aligned with this assessment.
NP3
SEK 249.50
NP3 Fastigheter
7D
4.8%
1Y
17.7%
FASTAT
SEK 0.33
Aktiebolaget Fastator
7D
-1.0%
1Y
-73.5%
TINGS A
SEK 41.60
Tingsvalvet Fastighets
7D
-4.6%
1Y
26.1%
AGROUP
SEK 40.20
Arlandastad Group
7D
-2.4%
1Y
55.8%
AQUAT
SEK 42.40
Aquaticus Real Estate
7D
-15.2%
1Y
-32.7%
STUDBO
SEK 1.59
Studentbostäder i Norden
7D
-6.5%
1Y
26.8%
SAGA A
SEK 178.00
AB Sagax
7D
4.1%
1Y
-7.7%
SLOTT B
SEK 39.20
Slottsviken Fastighetsaktiebolag
7D
-8.0%
1Y
76.6%