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Swedish (OMX) Real Estate Sector Analysis

UpdatedJul 19, 2025
DataAggregated Company Financials
Companies58
  • 7D-0.4%
  • 3M5.2%
  • 1Y-16.7%
  • YTD-6.2%

Over the last 7 days, the Real Estate industry has remained flat, although notably Pandox gained 4.0%. As for the longer term, the industry has declined 17% in the last year. Looking forward, earnings are forecast to grow by 18% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 20 Jul 2025SEK 622.5bSEK 129.4bSEK 31.9b19.1x19.5x4.8x
Tue, 17 Jun 2025SEK 621.2bSEK 120.6bSEK 28.6b19x21.7x5.1x
Thu, 15 May 2025SEK 606.9bSEK 121.4bSEK 27.6b18.9x22x5x
Sat, 12 Apr 2025SEK 566.0bSEK 120.3bSEK 16.6b20.2x34.2x4.7x
Mon, 10 Mar 2025SEK 611.3bSEK 121.6bSEK 15.6b20.8x39.1x5x
Wed, 05 Feb 2025SEK 674.9bSEK 119.7b-SEK 27,321,499,135.6428.6x-24.7x5.6x
Fri, 03 Jan 2025SEK 668.1bSEK 119.5b-SEK 28,920,176,306.7929.8x-23.1x5.6x
Sun, 01 Dec 2024SEK 682.7bSEK 118.4b-SEK 28,448,919,472.8530.3x-24x5.8x
Tue, 29 Oct 2024SEK 713.2bSEK 120.3b-SEK 30,670,098,367.9547.8x-23.3x5.9x
Thu, 26 Sep 2024SEK 737.7bSEK 117.5b-SEK 39,868,910,975.7358x-18.5x6.3x
Sat, 24 Aug 2024SEK 715.9bSEK 116.5b-SEK 46,445,904,207.3956.7x-15.4x6.1x
Mon, 22 Jul 2024SEK 701.3bSEK 116.8b-SEK 53,134,912,992.0560x-13.2x6x
Wed, 19 Jun 2024SEK 637.2bSEK 114.6b-SEK 62,015,659,051.7163x-10.3x5.6x
Fri, 17 May 2024SEK 669.5bSEK 115.3b-SEK 62,684,101,940.7546x-10.7x5.8x
Sun, 14 Apr 2024SEK 605.2bSEK 110.1b-SEK 69,331,827,513.0325.4x-8.7x5.5x
Tue, 12 Mar 2024SEK 611.8bSEK 113.1b-SEK 69,817,930,759.7922.1x-8.8x5.4x
Thu, 08 Feb 2024SEK 593.6bSEK 113.8b-SEK 91,266,349,713.9427x-6.5x5.2x
Sat, 06 Jan 2024SEK 628.6bSEK 113.5b-SEK 90,713,089,197.0022.4x-6.9x5.5x
Mon, 04 Dec 2023SEK 567.7bSEK 113.6b-SEK 89,756,519,432.0018.9x-6.3x5x
Wed, 01 Nov 2023SEK 474.6bSEK 109.7b-SEK 87,207,823,583.0022.9x-5.4x4.3x
Fri, 29 Sep 2023SEK 482.2bSEK 110.1b-SEK 78,425,191,042.0017.5x-6.1x4.4x
Sun, 27 Aug 2023SEK 510.5bSEK 109.7b-SEK 77,308,232,363.0019.5x-6.6x4.7x
Tue, 25 Jul 2023SEK 536.8bSEK 108.8b-SEK 70,698,417,844.0018.5x-7.6x4.9x
Thu, 22 Jun 2023SEK 476.8bSEK 113.3b-SEK 34,192,345,487.0012.6x-13.9x4.2x
Sat, 20 May 2023SEK 477.2bSEK 113.3b-SEK 31,881,289,947.0011.8x-15x4.2x
Mon, 17 Apr 2023SEK 560.6bSEK 104.3bSEK 25.6b10.1x21.9x5.4x
Wed, 15 Mar 2023SEK 554.1bSEK 110.6bSEK 37.5b9.7x14.8x5x
Fri, 10 Feb 2023SEK 604.2bSEK 111.3bSEK 107.3b5.4x5.6x5.4x
Sun, 08 Jan 2023SEK 578.3bSEK 111.1bSEK 119.9b5.2x4.8x5.2x
Tue, 06 Dec 2022SEK 561.4bSEK 111.5bSEK 121.1b4.6x4.6x5x
Thu, 03 Nov 2022SEK 526.6bSEK 110.1bSEK 123.6b4.2x4.3x4.8x
Sat, 01 Oct 2022SEK 482.1bSEK 103.3bSEK 146.7b3.7x3.3x4.7x
Mon, 29 Aug 2022SEK 592.7bSEK 102.9bSEK 146.9b4.6x4x5.8x
Wed, 27 Jul 2022SEK 607.3bSEK 97.0bSEK 148.6b4.5x4.1x6.3x
Price to Earnings Ratio

4.1x


Total Market Cap: SEK 607.3bTotal Earnings: SEK 148.6bTotal Revenue: SEK 97.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Real Estate Sector Price to Earnings3Y Average -5.3x202320242025
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 19.5x which is higher than its 3-year average PE of -5.3x.
  • The industry is trading close to its 3-year average PS ratio of 5.3x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 40% per year over the last three years.
  • Meanwhile revenues for these companies have grown 9.8% 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-0.73%
Real Estate-0.42%
Real Estate-0.42%
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 18.4%, 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 18% over the next 5 years.
  • In contrast, the Real Estate industry is expected to see its earnings grow by 18% 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
PNDX B PandoxSEK 172.204.0%
+SEK 1.3b		-15.8%PE24.7x
BALD B Fastighets AB BalderSEK 68.401.1%
+SEK 880.6m		-13.7%PE12.4x
FABG FabegeSEK 81.952.7%
+SEK 676.3m		-8.9%PE127.6x
HUFV A HufvudstadenSEK 120.500.7%
+SEK 161.8m		-7.7%PE29x
NP3 NP3 FastigheterSEK 264.501.0%
+SEK 154.0m		-2.4%PE18.8x

Latest News

INTEA B
SEK 77.45
Intea Fastigheter
7D
-2.1%
1Y
n/a

Intea Fastigheter's (STO:INTEA B) Earnings Are Weaker Than They Seem

Jul 19
Intea Fastigheter's (STO:INTEA B) Earnings Are Weaker Than They Seem
CAST
SEK 113.90
Castellum
7D
-2.5%
1Y
-16.9%
CATE
SEK 462.80
Catena
7D
-1.1%
1Y
-17.5%
ANNE B
SEK 16.72
Annehem Fastigheter
7D
6.4%
1Y
-9.1%
FABG
SEK 81.95
Fabege
7D
2.7%
1Y
-8.9%
NP3
SEK 264.50
NP3 Fastigheter
7D
1.0%
1Y
-2.4%

NP3 Fastigheter (STO:NP3) Will Pay A Dividend Of SEK1.30

Jul 18
NP3 Fastigheter (STO:NP3) Will Pay A Dividend Of SEK1.30
BALD B
SEK 68.40
Fastighets AB Balder
7D
1.1%
1Y
-13.7%

Fastighets AB Balder (publ) (STO:BALD B) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates

Jul 18
Fastighets AB Balder (publ) (STO:BALD B) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates
HEBA B
SEK 30.45
Heba Fastighets
7D
1.3%
1Y
-7.9%

We Think Shareholders Should Be Aware Of Some Factors Beyond Heba Fastighets' (STO:HEBA B) Profit

Jul 17
We Think Shareholders Should Be Aware Of Some Factors Beyond Heba Fastighets' (STO:HEBA B) Profit
SAGA A
SEK 211.00
AB Sagax
7D
-0.9%
1Y
-22.4%
FPAR A
SEK 50.80
FastPartner
7D
-3.8%
1Y
-29.1%
PNDX B
SEK 172.20
Pandox
7D
4.0%
1Y
-15.8%

Revenue Downgrade: Here's What Analysts Forecast For Pandox AB (publ) (STO:PNDX B)

Jul 15
Revenue Downgrade: Here's What Analysts Forecast For Pandox AB (publ) (STO:PNDX B)
NYF
SEK 87.10
Nyfosa
7D
-2.7%
1Y
-23.1%

Nyfosa AB (publ) (STO:NYF) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Jul 15
Nyfosa AB (publ) (STO:NYF) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year
CORE A
SEK 4.82
Corem Property Group
7D
-13.3%
1Y
-49.8%
WIHL
SEK 98.00
Wihlborgs Fastigheter
7D
0.4%
1Y
-11.5%

Wihlborgs Fastigheter AB (publ) (STO:WIHL) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Jul 10
Wihlborgs Fastigheter AB (publ) (STO:WIHL) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year
HUFV A
SEK 120.50
Hufvudstaden
7D
0.7%
1Y
-7.7%
SVEAF
SEK 38.90
Sveafastigheter
7D
-3.1%
1Y
n/a