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Swedish (OMX) Real Estate Sector Analysis

UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies57
  • 7D-2.7%
  • 3M-1.3%
  • 1Y-9.7%
  • YTD-0.9%

Over the last 7 days, the Real Estate industry has dropped 2.5%, driven by AB Sagax declining 9.0%. In contrast, Intea Fastigheter has gained 5.7%. However, the industry is down 12% over the past year. As for the next few years, earnings are expected to grow by 12% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Feb 2026SEK 599.0bSEK 122.6bSEK 40.9b12.9x14.7x4.9x
Fri, 16 Jan 2026SEK 622.3bSEK 121.0bSEK 42.6b15.4x14.6x5.1x
Sun, 14 Dec 2025SEK 593.8bSEK 121.0bSEK 42.6b14.9x13.9x4.9x
Tue, 11 Nov 2025SEK 604.6bSEK 121.0bSEK 43.0b14.6x14.1x5x
Thu, 09 Oct 2025SEK 590.8bSEK 119.9bSEK 30.7b16.8x19.2x4.9x
Sat, 06 Sep 2025SEK 601.0bSEK 119.9bSEK 30.7b16.9x19.6x5x
Mon, 04 Aug 2025SEK 610.0bSEK 120.3bSEK 27.3b18.3x22.4x5.1x
Wed, 02 Jul 2025SEK 646.1bSEK 120.3bSEK 28.4b20.4x22.7x5.4x
Fri, 30 May 2025SEK 610.9bSEK 121.0bSEK 28.1b18.7x21.7x5.1x
Sun, 27 Apr 2025SEK 609.7bSEK 120.2bSEK 18.0b21.9x34x5.1x
Tue, 25 Mar 2025SEK 586.2bSEK 120.0bSEK 16.5b19.9x35.5x4.9x
Thu, 20 Feb 2025SEK 662.7bSEK 122.6b-SEK 4,490,584,377.3521.7x-147.6x5.4x
Sat, 18 Jan 2025SEK 661.5bSEK 119.5b-SEK 28,922,762,643.0729x-22.9x5.5x
Mon, 16 Dec 2024SEK 666.3bSEK 119.6b-SEK 28,923,562,108.9128.4x-23x5.6x
Wed, 13 Nov 2024SEK 686.3bSEK 120.6b-SEK 29,999,379,270.9650x-22.9x5.7x
Fri, 11 Oct 2024SEK 735.8bSEK 117.5b-SEK 39,869,922,080.0157.3x-18.5x6.3x
Sun, 08 Sep 2024SEK 710.4bSEK 117.5b-SEK 39,872,720,266.5156.7x-17.8x6x
Tue, 06 Aug 2024SEK 669.3bSEK 116.8b-SEK 53,214,743,423.0154.8x-12.6x5.7x
Thu, 04 Jul 2024SEK 665.6bSEK 115.1b-SEK 62,046,141,340.6762.6x-10.7x5.8x
Sat, 01 Jun 2024SEK 655.9bSEK 115.2b-SEK 61,819,666,530.3242.2x-10.6x5.7x
Mon, 29 Apr 2024SEK 608.8bSEK 110.2b-SEK 53,615,304,609.7125.9x-11.4x5.5x
Wed, 27 Mar 2024SEK 647.0bSEK 113.3b-SEK 69,843,468,732.3426.3x-9.3x5.7x
Fri, 23 Feb 2024SEK 588.1bSEK 116.6b-SEK 97,930,606,562.7121.8x-6x5x
Sun, 21 Jan 2024SEK 591.1bSEK 113.5b-SEK 90,727,631,576.0022.7x-6.5x5.2x
Tue, 19 Dec 2023SEK 631.8bSEK 113.6b-SEK 89,791,493,320.0022.2x-7x5.6x
Thu, 16 Nov 2023SEK 547.3bSEK 113.7b-SEK 89,992,034,737.0019.3x-6.1x4.8x
Sat, 14 Oct 2023SEK 487.5bSEK 110.1b-SEK 78,424,161,604.0017.7x-6.2x4.4x
Mon, 11 Sep 2023SEK 517.3bSEK 110.2b-SEK 78,411,440,258.0018.4x-6.6x4.7x
Wed, 09 Aug 2023SEK 523.0bSEK 108.7b-SEK 71,002,549,704.0019.7x-7.4x4.8x
Fri, 07 Jul 2023SEK 504.6bSEK 113.6b-SEK 39,437,766,574.0014.3x-12.8x4.4x
Sun, 04 Jun 2023SEK 489.3bSEK 113.2b-SEK 33,795,429,233.0014.8x-14.5x4.3x
Tue, 02 May 2023SEK 540.3bSEK 112.0b-SEK 8,203,457,231.0014.6x-65.9x4.8x
Thu, 30 Mar 2023SEK 503.5bSEK 111.5bSEK 36.7b8.6x13.7x4.5x
Sat, 25 Feb 2023SEK 569.3bSEK 111.8bSEK 43.8b8x13x5.1x
Price to Earnings Ratio

13x


Total Market Cap: SEK 569.3bTotal Earnings: SEK 43.8bTotal Revenue: SEK 111.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Real Estate Sector Price to Earnings3Y Average -2.8x202420252026
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 -2.8x.
  • 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 2.3% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.8% 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-1.71%
Real Estate-2.70%
Real Estate-2.70%
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 11.9%, which is lower than the prior year's growth of 106.9% 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 12% over the next 5 years.
  • However this is lower than its past earnings growth rate of 107% per year.
  • In contrast, the Real Estate industry is expected to see its earnings grow by 12% 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
INTEA B Intea FastigheterSEK 72.955.7%
+SEK 1.2b		44.3%PE16.8x
DIOS Diös FastigheterSEK 70.806.9%
+SEK 645.1m		-1.5%PE12.4x
WALL B WallenstamSEK 43.962.2%
+SEK 599.7m		-8.0%PE10.9x
NEOBO Neobo FastigheterSEK 20.588.9%
+SEK 203.6m		19.5%PE37.8x
BONAS Bonäsudden HoldingSEK 188.00-3.1%
SEK 184.1m		10.6%PE36.4x

Latest News

DIOS
SEK 70.80
Diös Fastigheter
7D
6.9%
1Y
-1.5%

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
INTEA B
SEK 72.95
Intea Fastigheter
7D
5.7%
1Y
44.3%

Statutory Earnings May Not Be The Best Way To Understand Intea Fastigheter's (STO:INTEA B) True Position

Feb 18
Statutory Earnings May Not Be The Best Way To Understand Intea Fastigheter's (STO:INTEA B) True Position
WIHL
SEK 91.45
Wihlborgs Fastigheter
7D
-2.9%
1Y
-14.6%

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 5.84
Wästbygg Gruppen
7D
35.8%
1Y
-55.6%
PNDX B
SEK 194.80
Pandox
7D
-3.6%
1Y
-0.6%
HUFV A
SEK 127.30
Hufvudstaden
7D
0.6%
1Y
3.6%

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

Feb 16
Hufvudstaden (STO:HUFV A) Is Increasing Its Dividend To SEK2.90
NEOBO
SEK 20.58
Neobo Fastigheter
7D
8.9%
1Y
19.5%
BONAS
SEK 188.00
Bonäsudden Holding
7D
-3.1%
1Y
10.6%
CAST
SEK 108.45
Castellum
7D
-2.5%
1Y
-9.4%
SAGA A
SEK 172.00
AB Sagax
7D
-9.0%
1Y
-25.5%
FABG
SEK 82.05
Fabege
7D
-3.3%
1Y
-3.5%

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 263.00
NP3 Fastigheter
7D
-3.3%
1Y
-1.3%

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 43.96
Wallenstam
7D
2.2%
1Y
-8.0%

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 65.22
Fastighets AB Balder
7D
-2.8%
1Y
-16.0%
SBB B
SEK 4.40
Samhällsbyggnadsbolaget i Norden
7D
-8.0%
1Y
-15.8%

SBB B: Extraordinary Meeting On Non Voting Shares Will Sustain Downside Risk

Analysts have maintained their price target for Samhällsbyggnadsbolaget i Norden, reflecting largely unchanged fair value estimates, discount rate assumptions, and expectations for revenue growth, profit margins, and future P/E. What's in the News An extraordinary shareholders meeting is scheduled for December 11, 2025, at 12:30 W.
ACRI A
SEK 11.15
Acrinova
7D
5.7%
1Y
27.4%

We Think Acrinova's (STO:ACRI A) Solid Earnings Are Understated

Dec 03
We Think Acrinova's (STO:ACRI A) Solid Earnings Are Understated