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Swedish (OMX) Entertainment Industry Analysis

UpdatedDec 19, 2025
DataAggregated Company Financials
Companies29
  • 7D-0.5%
  • 3M-16.1%
  • 1Y-39.1%
  • YTD-35.6%

The Entertainment is pretty flat in the last 7 days, but Modern Times Group MTG has stood out, gaining 3.0%. As for the longer term, the industry has declined 39% in the last year. As for the next few years, earnings are expected to grow by 38% per annum.

Industry Valuation and Performance

Has the Swedish Entertainment Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Dec 2025SEK 73.4bSEK 46.7b-SEK 2,229,435,110.7613.5x-32.9x1.6x
Sun, 16 Nov 2025SEK 78.4bSEK 47.8b-SEK 2,293,446,299.0415.6x-34.2x1.6x
Tue, 14 Oct 2025SEK 83.7bSEK 47.4b-SEK 2,640,896,031.9522.2x-31.7x1.8x
Thu, 11 Sep 2025SEK 77.4bSEK 47.4b-SEK 2,644,752,305.8618.7x-29.3x1.6x
Sat, 09 Aug 2025SEK 79.0bSEK 49.1b-SEK 4,231,959,123.8217x-18.7x1.6x
Mon, 07 Jul 2025SEK 87.9bSEK 48.0b-SEK 4,466,947,638.2818.4x-19.7x1.8x
Wed, 04 Jun 2025SEK 67.6bSEK 46.2b-SEK 5,547,115,204.1312.1x-12.2x1.5x
Fri, 02 May 2025SEK 68.2bSEK 61.8b-SEK 26,111,686,819.6319.8x-2.6x1.1x
Sun, 30 Mar 2025SEK 63.1bSEK 60.7b-SEK 26,050,131,305.3024.8x-2.4x1x
Tue, 25 Feb 2025SEK 72.6bSEK 61.0b-SEK 26,118,804,710.7026.1x-2.8x1.2x
Thu, 23 Jan 2025SEK 87.1bSEK 61.1b-SEK 22,939,857,247.2925.7x-3.8x1.4x
Sat, 21 Dec 2024SEK 82.5bSEK 61.1b-SEK 22,986,915,504.2731.7x-3.6x1.4x
Mon, 18 Nov 2024SEK 76.0bSEK 61.8b-SEK 22,561,115,790.5511.2x-3.4x1.2x
Wed, 16 Oct 2024SEK 78.9bSEK 64.0b-SEK 22,753,145,114.4318.2x-3.5x1.2x
Fri, 13 Sep 2024SEK 65.3bSEK 64.1b-SEK 22,751,357,091.9429.1x-2.9x1x
Sun, 11 Aug 2024SEK 65.2bSEK 66.6b-SEK 18,232,591,324.6429.1x-3.6x1x
Tue, 09 Jul 2024SEK 69.2bSEK 67.1b-SEK 17,740,377,835.6817.1x-3.9x1x
Thu, 06 Jun 2024SEK 69.7bSEK 66.9b-SEK 17,740,274,455.7414.1x-3.9x1x
Sat, 04 May 2024SEK 74.8bSEK 67.8bSEK 1.1b32.6x67.5x1.1x
Mon, 01 Apr 2024SEK 71.0bSEK 67.5bSEK 1.3b15.5x52.7x1.1x
Wed, 28 Feb 2024SEK 62.7bSEK 67.8bSEK 1.3b34.3x49x0.9x
Fri, 26 Jan 2024SEK 70.3bSEK 67.0bSEK 4.4b30.3x15.9x1x
Sun, 24 Dec 2023SEK 83.9bSEK 67.0bSEK 4.4b104.8x19x1.3x
Tue, 21 Nov 2023SEK 78.5bSEK 67.1bSEK 4.4b34.8x17.8x1.2x
Thu, 19 Oct 2023SEK 72.4bSEK 65.2bSEK 7.6b31.9x9.5x1.1x
Sat, 16 Sep 2023SEK 88.0bSEK 65.3bSEK 7.6b31.9x11.6x1.3x
Mon, 14 Aug 2023SEK 95.9bSEK 61.8bSEK 4.9b23.1x19.5x1.6x
Wed, 12 Jul 2023SEK 85.1bSEK 61.5bSEK 5.2b19.1x16.4x1.4x
Fri, 09 Jun 2023SEK 82.8bSEK 61.4bSEK 5.2b17.5x15.9x1.3x
Sun, 07 May 2023SEK 121.3bSEK 60.9b-SEK 623,340,643.0023.6x-194.6x2x
Tue, 04 Apr 2023SEK 114.7bSEK 60.8b-SEK 635,664,905.0026.1x-180.5x1.9x
Thu, 02 Mar 2023SEK 114.2bSEK 60.9b-SEK 767,336,326.0024.6x-148.8x1.9x
Sat, 28 Jan 2023SEK 108.2bSEK 53.5b-SEK 3,507,536,721.0031x-30.8x2x
Mon, 26 Dec 2022SEK 114.5bSEK 53.5b-SEK 3,489,046,696.0029.2x-32.8x2.1x
Price to Earnings Ratio

-32.8x


Total Market Cap: SEK 114.5bTotal Earnings: -SEK 3,489,046,696.00Total Revenue: SEK 53.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Entertainment Industry Price to Earnings3Y Average -14.5x202320242025
Current Industry PE
  • Investors are optimistic on the Swedish Entertainment industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Entertainment industry have improved over the last three years.
  • Meanwhile revenues for these companies have declined 4.4% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, losses have been shrinking.

Industry Trends

Which industries have driven the changes within the Swedish Telecom industry?

SE Market-0.066%
Telecom1.67%
Entertainment-0.45%
Interactive Home Entertainment-0.44%
Movies and Entertainment-6.98%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Interactive Home Entertainment industry, expecting annual earnings growth of 38% over the next 5 years.
    • However this is lower than its past earnings growth rate of 59% per year.
    • In contrast, the Interactive Home Entertainment industry is expected to see its earnings grow by 38% 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
    		MTG B Modern Times Group MTGSEK 113.103.0%
    +SEK 383.7m    		17.9%PS1.3x
    		COFFEE B Coffee Stain StudiosSEK 23.303.6%
    +SEK 178.6m    		n/an/a
    		PDX Paradox InteractiveSEK 161.500.8%
    +SEK 137.3m    		-22.4%PE26.8x
    		EMBRAC B Embracer GroupSEK 60.160.4%
    +SEK 58.0m    		-67.8%PE3x
    		EG7 Enad Global 7SEK 13.522.0%
    +SEK 23.0m    		-14.0%PS0.6x

    Latest News

    COFFEE B
    SEK 23.30
    Coffee Stain Studios
    7D
    3.6%
    1Y
    n/a
    STAR B
    SEK 0.10
    Starbreeze
    7D
    -4.1%
    1Y
    -47.7%

    STAR B Will Benefit From Higher Margin Outlook Despite Market Concerns

    Analysts have lowered their price target on Starbreeze from SEK 0.45 to SEK 0.28, citing higher required returns despite stronger expectations for revenue growth and profit margins, as well as a substantially lower assumed future P E multiple. What's in the News Launch of PAYDAY 3 Skills 2.0 update on PC and consoles, delivering a rebuilt, theme driven skill system with 51 spendable points and deeper build customization across roles and weapon types (Key Developments) Introduction of a web based Skills 2.0 Simulator, enabling players to pre plan, save, and share PAYDAY 3 builds while providing developers with data for balance tuning (Key Developments) Non cash impairment of approximately SEK 255 million in Q3 2025, tied to write downs of previously capitalized development costs to refocus investment on higher value projects (Key Developments) Launch of a PAYDAY 2 subscription on Steam, offering access to more than 65 DLCs for a recurring fee, with discounted multi month pricing and a deep discount on the base game for new players (Key Developments) Valuation Changes Fair Value Estimate has been reduced significantly from SEK 0.45 to SEK 0.28 per share, despite stronger operational assumptions.
    EG7
    SEK 13.52
    Enad Global 7
    7D
    2.0%
    1Y
    -14.0%
    MTG B
    SEK 113.10
    Modern Times Group MTG
    7D
    3.0%
    1Y
    17.9%

    MTG B Share Repurchases Will Support Future Earnings And Share Price Upside

    Analysts have modestly raised their price target on Modern Times Group MTG, citing slightly higher long term discount rate assumptions and stable expectations for revenue growth, margins, and future valuation multiples as justification for the updated SEK 156 fair value estimate. What's in the News Launched a share repurchase program of up to SEK 400 million, with repurchases starting October 10, 2025 and running until May 15, 2026, with bought-back shares to be cancelled (company announcement) Received AGM authorization to repurchase up to 12,203,000 Class A and/or Class B shares, equal to 10% of issued share capital, to enhance shareholder returns and support long term incentive programs (AGM mandate) Raised full year 2025 guidance to 7% to 9% organic growth and SEK 11.4 to 11.7 billion in revenues, up from a previous organic growth target of 3% to 7% (company guidance) Announced a new divisional structure within the Gaming Village, creating Midcore and Casual Districts, with Midcore grouping studios such as Plarium, Futureplay, InnoGames, Snowprint, Hutch and Ninja Kiwi (company update) Valuation Changes Fair Value Estimate remains unchanged at approximately SEK 156 per share, indicating no fundamental shift in the analysts intrinsic valuation.
    G5EN
    SEK 87.30
    G5 Entertainment
    7D
    1.9%
    1Y
    -20.3%

    G5EN: Improved Margins Will Support Stronger Share Performance Ahead

    Analysts have trimmed their price target on G5 Entertainment by SEK 10 to SEK 230, citing a lower assumed future P E multiple that more than offsets improved revenue growth and profit margin expectations. Valuation Changes Fair Value: reduced slightly from SEK 240.0 to SEK 230.0, reflecting a modest downward revision in the intrinsic value estimate.
    PDX
    SEK 161.50
    Paradox Interactive
    7D
    0.8%
    1Y
    -22.4%
    EMBRAC B
    SEK 60.16
    Embracer Group
    7D
    0.4%
    1Y
    -67.8%
    SF
    SEK 6.46
    Stillfront Group
    7D
    0.5%
    1Y
    -22.0%
    GCOR
    SEK 1.18
    Gaming Corps
    7D
    6.3%
    1Y
    104.9%
    MOMENT
    SEK 4.82
    Moment Group
    7D
    -1.6%
    1Y
    -46.0%

    Little Excitement Around Moment Group AB's (STO:MOMENT) Revenues As Shares Take 28% Pounding

    Nov 28
    Little Excitement Around Moment Group AB's (STO:MOMENT) Revenues As Shares Take 28% Pounding
    FRAG
    SEK 5.80
    Fragbite Group
    7D
    -8.8%
    1Y
    -23.2%
    HACK
    SEK 60.49
    Hacksaw
    7D
    -6.2%
    1Y
    n/a
    AIK B
    SEK 1.52
    AIK Fotboll
    7D
    -5.0%
    1Y
    -3.8%

    AIK Fotboll AB (publ) (NGM:AIK B) Soars 28% But It's A Story Of Risk Vs Reward

    Jul 20
    AIK Fotboll AB (publ) (NGM:AIK B) Soars 28% But It's A Story Of Risk Vs Reward
    NXAR
    SEK 0.32
    Nexar Group
    7D
    -16.2%
    1Y
    42.9%
    BRAVE
    SEK 1.70
    Kinda Brave Entertainment Group
    7D
    -4.8%
    1Y
    41.7%
    THRILL
    SEK 0.23
    Game Chest Group
    7D
    -19.0%
    1Y
    -53.5%