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Swedish (OMX) Utilities Sector Analysis

UpdatedJan 29, 2026
DataAggregated Company Financials
Companies4
  • 7D6.6%
  • 3M9.2%
  • 1Y-14.9%
  • YTD8.6%

The Utilities industry is up 3.3% in the last week, with Orrön Energy up 15%. During this same period, the Axolot Solutions Holding underperformed, falling 7.5%. In contrast, the industry has lost 19% in the last 12 months. As for the next few years, earnings are forecast to decline by 22% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 29 Jan 2026SEK 3.1bSEK 636.8mSEK 2.2b0.5x1.4x4.8x
Sat, 27 Dec 2025SEK 4.6bSEK 1.1bSEK 2.2b56.1x2.1x4.1x
Mon, 24 Nov 2025SEK 3.9bSEK 1.1bSEK 2.2b40.6x1.8x3.5x
Wed, 22 Oct 2025SEK 4.1bSEK 1.2bSEK 2.2b7.7x1.8x3.4x
Fri, 19 Sep 2025SEK 4.1bSEK 1.2bSEK 2.2b7.6x1.8x3.5x
Sun, 17 Aug 2025SEK 4.0bSEK 1.3bSEK 2.2b8.1x1.8x3.2x
Tue, 15 Jul 2025SEK 4.4bSEK 1.3bSEK 2.4b6.1x1.8x3.4x
Thu, 12 Jun 2025SEK 6.0bSEK 1.3bSEK 2.4b6.7x2.4x4.6x
Sat, 10 May 2025SEK 5.6bSEK 1.5bSEK 2.5b6.3x2.3x3.8x
Mon, 07 Apr 2025SEK 5.6bSEK 1.5bSEK 2.5b4.3x2.2x3.7x
Wed, 05 Mar 2025SEK 6.0bSEK 1.5bSEK 45.7m25.6x131.8x4.1x
Fri, 31 Jan 2025SEK 6.3bSEK 1.6bSEK 271.8m40x23.1x4x
Sun, 29 Dec 2024SEK 6.3bSEK 1.6bSEK 271.8m39.1x23.2x4.1x
Tue, 26 Nov 2024SEK 6.3bSEK 1.6bSEK 271.9m38.5x23.3x4.1x
Thu, 24 Oct 2024SEK 6.3bSEK 1.5bSEK 296.5m30.4x21.4x4.1x
Sat, 21 Sep 2024SEK 6.6bSEK 1.5bSEK 295.0m27.9x22.2x4.3x
Mon, 19 Aug 2024SEK 7.0bSEK 1.5bSEK 251.4m25.5x28x4.6x
Wed, 17 Jul 2024SEK 6.7bSEK 1.4bSEK 92.4m18.3x72.7x4.6x
Fri, 14 Jun 2024SEK 6.4bSEK 1.4bSEK 95.3m17.1x67.2x4.5x
Sun, 12 May 2024SEK 5.7bSEK 1.4bSEK 99.4m13.7x57.6x4x
Tue, 09 Apr 2024SEK 6.2bSEK 1.4bSEK 104.8m16.6x59.6x4.4x
Thu, 07 Mar 2024SEK 5.3bSEK 1.4bSEK 106.8m11.8x49.7x3.8x
Sat, 03 Feb 2024SEK 6.6bSEK 1.5b-SEK 93,447,610.0013.7x-70.1x4.5x
Mon, 01 Jan 2024SEK 7.0bSEK 1.5b-SEK 90,458,898.0013.8x-77.4x4.8x
Wed, 29 Nov 2023SEK 6.5bSEK 1.5b-SEK 93,956,772.0013.7x-69x4.4x
Fri, 27 Oct 2023SEK 6.1bSEK 2.3bSEK 679.8m14.4x8.9x2.6x
Sun, 24 Sep 2023SEK 6.8bSEK 2.3bSEK 679.4m15.1x10x3x
Tue, 22 Aug 2023SEK 7.5bSEK 2.3bSEK 681.2m14.2x11x3.3x
Thu, 20 Jul 2023SEK 7.9bSEK 2.2bSEK 1.1b12.2x6.9x3.6x
Sat, 17 Jun 2023SEK 8.7bSEK 2.1bSEK 1.1b13.2x7.9x4.1x
Mon, 15 May 2023SEK 8.3bSEK 2.0bSEK 1.1b13x7.7x4.2x
Wed, 12 Apr 2023SEK 9.4bSEK 2.0bSEK 1.1b15x8.7x4.8x
Fri, 10 Mar 2023SEK 9.3bSEK 2.0bSEK 1.2b15.9x8x4.7x
Sun, 05 Feb 2023SEK 10.7bSEK 1.7bSEK 1.1b18.8x9.7x6.2x
Price to Earnings Ratio

9.7x


Total Market Cap: SEK 10.7bTotal 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 1.3x 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 4.7x.
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 Market1.03%
Utilities6.61%
Renewable Energy13.15%
Electric Utilities-0.45%
Water Utilities-7.54%
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 42% 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 5.6415.0%
+SEK 210.7m		-15.6%PS5.6x

Latest News

ORRON
SEK 5.64
Orrön Energy
7D
15.0%
1Y
-15.6%

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 0.32
Axolot Solutions Holding
7D
-7.5%
1Y
19.0%
GIGA
SEK 2.42
Gigasun
7D
-5.1%
1Y
-24.6%

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 88.80
Siljansvik
7D
-0.4%
1Y
-14.6%