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Swedish (OMX) Real Estate Sector Analysis

UpdatedJan 02, 2026
DataAggregated Company Financials
Companies57
  • 7D1.8%
  • 3M2.3%
  • 1Y-7.8%
  • YTDn/a

Over the last 7 days, the Real Estate industry has risen 1.8%, driven by gains from Fastighets AB Balder of 3.2%. In contrast, the industry has lost 7.8% in the last 12 months. As for the next few years, earnings are expected to grow by 16% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 02 Jan 2026SEK 607.7bSEK 121.0bSEK 42.6b14.8x14.3x5x
Sun, 30 Nov 2025SEK 608.6bSEK 121.0bSEK 42.6b14.9x14.3x5x
Tue, 28 Oct 2025SEK 642.6bSEK 120.5bSEK 35.4b15.5x18.1x5.3x
Thu, 25 Sep 2025SEK 600.4bSEK 119.9bSEK 30.7b17x19.5x5x
Sat, 23 Aug 2025SEK 627.9bSEK 120.0bSEK 31.2b18.5x20.1x5.2x
Mon, 21 Jul 2025SEK 622.5bSEK 129.5bSEK 32.1b18.6x19.4x4.8x
Wed, 18 Jun 2025SEK 627.6bSEK 120.6bSEK 28.6b19.1x21.9x5.2x
Fri, 16 May 2025SEK 610.6bSEK 121.4bSEK 27.6b19x22.1x5x
Sun, 13 Apr 2025SEK 565.9bSEK 120.3bSEK 16.6b20.2x34.2x4.7x
Tue, 11 Mar 2025SEK 601.4bSEK 121.6bSEK 15.6b20.7x38.5x4.9x
Thu, 06 Feb 2025SEK 674.8bSEK 119.7b-SEK 27,319,752,577.9729.1x-24.7x5.6x
Sat, 04 Jan 2025SEK 661.9bSEK 119.5b-SEK 28,920,486,376.8329.4x-22.9x5.5x
Mon, 02 Dec 2024SEK 682.7bSEK 118.4b-SEK 28,448,919,472.8530.3x-24x5.8x
Wed, 30 Oct 2024SEK 704.6bSEK 120.3b-SEK 30,724,996,583.7446.8x-22.9x5.9x
Fri, 27 Sep 2024SEK 748.3bSEK 117.5b-SEK 39,866,615,563.8458.6x-18.8x6.4x
Sun, 25 Aug 2024SEK 715.9bSEK 116.5b-SEK 46,461,273,276.5956.7x-15.4x6.1x
Tue, 23 Jul 2024SEK 706.0bSEK 116.8b-SEK 53,137,558,768.4158.5x-13.3x6x
Thu, 20 Jun 2024SEK 628.2bSEK 114.6b-SEK 61,911,575,696.4662.5x-10.1x5.5x
Sat, 18 May 2024SEK 663.7bSEK 115.3b-SEK 62,557,083,979.2746.7x-10.6x5.8x
Mon, 15 Apr 2024SEK 605.5bSEK 110.1b-SEK 69,332,382,548.7625.4x-8.7x5.5x
Wed, 13 Mar 2024SEK 604.9bSEK 113.1b-SEK 69,816,663,516.2722x-8.7x5.3x
Fri, 09 Feb 2024SEK 591.5bSEK 113.9b-SEK 90,317,115,980.2823.3x-6.5x5.2x
Sun, 07 Jan 2024SEK 628.6bSEK 113.5b-SEK 90,713,339,542.0022.4x-6.9x5.5x
Tue, 05 Dec 2023SEK 568.2bSEK 113.6b-SEK 89,758,263,593.0018.7x-6.3x5x
Thu, 02 Nov 2023SEK 472.8bSEK 109.8b-SEK 87,112,883,851.0022.8x-5.4x4.3x
Sat, 30 Sep 2023SEK 493.2bSEK 110.1b-SEK 78,425,774,530.0017.6x-6.3x4.5x
Mon, 28 Aug 2023SEK 510.5bSEK 109.8b-SEK 77,430,227,363.0018.8x-6.6x4.6x
Wed, 26 Jul 2023SEK 537.9bSEK 108.8b-SEK 70,700,496,460.0019x-7.6x4.9x
Fri, 23 Jun 2023SEK 474.3bSEK 113.3b-SEK 34,198,376,652.0012.5x-13.9x4.2x
Sun, 21 May 2023SEK 477.2bSEK 113.7b-SEK 33,524,859,690.0013.9x-14.2x4.2x
Tue, 18 Apr 2023SEK 565.2bSEK 110.5bSEK 25.4b10.1x22.3x5.1x
Thu, 16 Mar 2023SEK 547.1bSEK 110.6bSEK 37.5b9.5x14.6x4.9x
Sat, 11 Feb 2023SEK 608.7bSEK 112.6bSEK 104.4b5.4x5.8x5.4x
Mon, 09 Jan 2023SEK 578.2bSEK 111.1bSEK 119.9b5.2x4.8x5.2x
Price to Earnings Ratio

4.8x


Total Market Cap: SEK 578.2bTotal Earnings: SEK 119.9bTotal Revenue: SEK 111.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Real Estate Sector Price to Earnings3Y Average -3.1x202420252026
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 -3.1x.
  • 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 29% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.9% 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 Market1.25%
Real Estate1.81%
Real Estate1.81%
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 15.6%, which is lower than the prior year's growth of 290.8% 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 16% over the next 5 years.
  • In contrast, the Real Estate industry is expected to see its earnings grow by 16% 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
BALD B Fastighets AB BalderSEK 67.482.1%
+SEK 1.6b		-11.4%PE8.7x
WIHL Wihlborgs FastigheterSEK 90.401.8%
+SEK 491.9m		-13.6%PE12.5x
EMIL B Fastighetsbolaget EmilshusSEK 54.405.4%
+SEK 437.2m		16.7%PE16.9x
SBB B Samhällsbyggnadsbolaget i NordenSEK 4.814.1%
+SEK 336.0m		1.0%PE78x
ATRLJ B Atrium LjungbergSEK 33.061.5%
+SEK 309.0m		-16.8%PE19.4x

Latest News

SBB B
SEK 4.81
Samhällsbyggnadsbolaget i Norden
7D
4.1%
1Y
1.0%
AGROUP
SEK 42.20
Arlandastad Group
7D
7.4%
1Y
47.6%
FABG
SEK 80.95
Fabege
7D
-0.6%
1Y
-2.3%
CATE
SEK 442.20
Catena
7D
0.9%
1Y
-6.5%

Estimating The Intrinsic Value Of Catena AB (publ) (STO:CATE)

Jan 01
Estimating The Intrinsic Value Of Catena AB (publ) (STO:CATE)
SLP B
SEK 40.25
Swedish Logistic Property
7D
-1.0%
1Y
2.4%
BALD B
SEK 67.48
Fastighets AB Balder
7D
2.1%
1Y
-11.4%

Is Now The Time To Look At Buying Fastighets AB Balder (publ) (STO:BALD B)?

Dec 30
Is Now The Time To Look At Buying Fastighets AB Balder (publ) (STO:BALD B)?
WIHL
SEK 90.40
Wihlborgs Fastigheter
7D
1.8%
1Y
-13.6%

WIHL: Stable Leasing Pipeline Will Support Future Cash Flow Resilience

Analysts have lowered their price target on Wihlborgs Fastigheter to SEK 105 from SEK 120, reflecting more cautious estimates and a less compelling valuation, despite largely unchanged long term assumptions. Analyst Commentary Analysts highlight that the revised SEK 105 price target primarily reflects a recalibration of valuation rather than a fundamental shift in the company’s long term outlook.
FPAR A
SEK 46.45
FastPartner
7D
-0.7%
1Y
-27.3%
STEF B
SEK 195.00
Stendörren Fastigheter
7D
-1.8%
1Y
-8.2%
INTEA B
SEK 63.80
Intea Fastigheter
7D
-1.6%
1Y
42.9%

Calculating The Fair Value Of Intea Fastigheter AB (publ) (STO:INTEA B)

Dec 15
Calculating The Fair Value Of Intea Fastigheter AB (publ) (STO:INTEA B)
SAGA A
SEK 193.00
AB Sagax
7D
-1.3%
1Y
-13.1%

At kr198, Is AB Sagax (publ) (STO:SAGA A) Worth Looking At Closely?

Dec 13
At kr198, Is AB Sagax (publ) (STO:SAGA A) Worth Looking At Closely?
NP3
SEK 255.50
NP3 Fastigheter
7D
1.4%
1Y
5.8%

Here's Why NP3 Fastigheter (STO:NP3) Has A Meaningful Debt Burden

Dec 13
Here's Why NP3 Fastigheter (STO:NP3) Has A Meaningful Debt Burden
HUFV A
SEK 121.50
Hufvudstaden
7D
-1.1%
1Y
0.08%

Hufvudstaden AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Nov 09
Hufvudstaden AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
LOGI A
SEK 13.75
Logistea
7D
-0.7%
1Y
-12.4%
EMIL B
SEK 54.40
Fastighetsbolaget Emilshus
7D
5.4%
1Y
16.7%
ATRLJ B
SEK 33.06
Atrium Ljungberg
7D
1.5%
1Y
-16.8%