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Swedish (OMX) Utilities Sector Analysis

UpdatedJan 31, 2026
DataAggregated Company Financials
Companies4
  • 7D-0.5%
  • 3M6.8%
  • 1Y-17.9%
  • YTD5.0%

Over the last 7 days, the Utilities industry has risen 4.5%, driven by gains from Orrön Energy of 0.9%. However, the industry is down 16% over the past year. In the next few years, earnings are forecast to decline by 20% annually.

Sector Valuation and Performance

Has the Swedish Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 31 Jan 2026SEK 3.0bSEK 635.6mSEK 2.2b0.5x1.3x4.7x
Mon, 29 Dec 2025SEK 4.6bSEK 1.1bSEK 2.2b56.1x2.1x4.1x
Wed, 26 Nov 2025SEK 4.2bSEK 1.1bSEK 2.2b38.7x1.9x3.7x
Fri, 24 Oct 2025SEK 3.9bSEK 1.2bSEK 2.2b7.2x1.8x3.3x
Sun, 21 Sep 2025SEK 4.1bSEK 1.2bSEK 2.2b7.4x1.8x3.4x
Tue, 19 Aug 2025SEK 4.1bSEK 1.3bSEK 2.2b8.1x1.8x3.2x
Thu, 17 Jul 2025SEK 4.3bSEK 1.3bSEK 2.4b6.1x1.8x3.3x
Sat, 14 Jun 2025SEK 6.4bSEK 1.3bSEK 2.5b7x2.6x4.9x
Mon, 12 May 2025SEK 5.6bSEK 1.5bSEK 2.5b6.3x2.3x3.8x
Wed, 09 Apr 2025SEK 5.4bSEK 1.5bSEK 2.5b4.4x2.1x3.6x
Fri, 07 Mar 2025SEK 6.0bSEK 1.5bSEK 2.5b4.8x2.4x4x
Sun, 02 Feb 2025SEK 6.3bSEK 1.6bSEK 271.9m40.2x23.1x4x
Tue, 31 Dec 2024SEK 6.2bSEK 1.6bSEK 271.8m38.5x22.9x4x
Thu, 28 Nov 2024SEK 6.2bSEK 1.6bSEK 271.9m38.3x22.7x4x
Sat, 26 Oct 2024SEK 6.3bSEK 1.5bSEK 296.6m30.1x21.1x4.1x
Mon, 23 Sep 2024SEK 6.6bSEK 1.5bSEK 296.2m27.4x22.1x4.3x
Wed, 21 Aug 2024SEK 7.1bSEK 1.5bSEK 250.7m25.4x28.1x4.6x
Fri, 19 Jul 2024SEK 6.8bSEK 1.4bSEK 86.2m18.7x78.4x4.7x
Sun, 16 Jun 2024SEK 6.2bSEK 1.4bSEK 95.2m17.2x65.6x4.3x
Tue, 14 May 2024SEK 6.4bSEK 1.4bSEK 92.6m17.8x69.4x4.5x
Thu, 11 Apr 2024SEK 6.1bSEK 1.4bSEK 104.4m16.6x58.5x4.3x
Sat, 09 Mar 2024SEK 5.3bSEK 1.4bSEK 107.0m11.9x49.7x3.8x
Mon, 05 Feb 2024SEK 6.6bSEK 1.5b-SEK 93,447,610.0013.7x-70.1x4.5x
Wed, 03 Jan 2024SEK 7.0bSEK 1.5b-SEK 91,049,929.0013.7x-76.4x4.7x
Fri, 01 Dec 2023SEK 6.6bSEK 1.5b-SEK 94,437,048.0013.4x-70x4.5x
Sun, 29 Oct 2023SEK 6.1bSEK 2.3bSEK 679.8m14.6x9x2.7x
Tue, 26 Sep 2023SEK 6.6bSEK 2.3bSEK 680.4m14.4x9.7x2.9x
Thu, 24 Aug 2023SEK 7.5bSEK 2.3bSEK 681.6m14.1x11x3.3x
Sat, 22 Jul 2023SEK 7.8bSEK 2.2bSEK 1.1b12.1x6.8x3.5x
Mon, 19 Jun 2023SEK 8.7bSEK 2.1bSEK 1.1b13.2x7.9x4.1x
Wed, 17 May 2023SEK 8.0bSEK 2.0bSEK 1.1b12.7x7.4x4x
Fri, 14 Apr 2023SEK 9.4bSEK 2.0bSEK 1.1b15x8.7x4.8x
Sun, 12 Mar 2023SEK 9.1bSEK 2.0bSEK 1.2b15.7x7.9x4.6x
Tue, 07 Feb 2023SEK 10.6bSEK 1.7bSEK 1.1b18.2x9.5x6.1x
Price to Earnings Ratio

9.5x


Total Market Cap: SEK 10.6bTotal Earnings: SEK 1.1bTotal Revenue: SEK 1.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Utilities Sector Price to Earnings3Y Average 13.3x202420252026
Current Industry PE
  • Investors are pessimistic on the Swedish Utilities 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 1.4x which is lower than its 3-year average PE of 13.3x.
  • The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 4.8x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 26% per year over the last three years.
  • Meanwhile revenues for these companies have declined 29% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Swedish Utilities sector?

SE Market-0.82%
Utilities-0.54%
Renewable Energy0.26%
Electric Utilities-0.90%
Water Utilities-9.36%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry even though it's trading below its 3-year average PE ratio of 15.7x.
    • Analysts are expecting annual earnings decline of 107.3%, which is lower than the prior year's growth of 3,911.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 41% over the next 5 years.
  • In contrast, the Electric Utilities industry is expected to see its earnings decline by 107% 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
ORRON Orrön EnergySEK 5.330.9%
+SEK 12.9m		-20.3%PS5.4x

Latest News

ORRON
SEK 5.33
Orrön Energy
7D
0.9%
1Y
-20.3%

ORRON: UK And German Project Progress Will Support Stronger Earnings Multiple

Analysts have kept their price target for Orrön Energy steady, citing essentially unchanged estimates for fair value, revenue growth, profit margin, and future P/E, along with only a small adjustment to the discount rate. What's in the News Orrön Energy reports progress across its greenfield platform, with grid connections secured in the UK for six large scale projects with an estimated combined capacity of 2.9 GW, spanning three solar projects of 1.8 GW and three data centre projects of 1.1 GW (Client Announcements).
AXOLOT
SEK 0.31
Axolot Solutions Holding
7D
-9.4%
1Y
6.9%
GIGA
SEK 2.47
Gigasun
7D
-5.7%
1Y
-20.3%

Gigasun AB (publ) (STO:GIGA) Stock Rockets 27% But Many Are Still Ignoring The Company

Nov 16
Gigasun AB (publ) (STO:GIGA) Stock Rockets 27% But Many Are Still Ignoring The Company
SIVI
SEK 87.80
Siljansvik
7D
-0.9%
1Y
-16.0%