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Swedish (OMX) Market Analysis & Valuation

UpdatedAug 13, 2026
DataAggregated Company Financials
Companies776
  • 7D-0.9%
  • 3M6.5%
  • 1Y13.2%
  • YTD6.7%

The market has stayed flat over the 7 days. Meanwhile, the market is actually up 13% over the past year. Looking forward, earnings are forecast to grow by 7.1% annually.

Trending IndustriesBiotechSoftware

Market Valuation and Performance

Has the Swedish Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 13 Aug 2026SEK 12.7tSEK 6.0tSEK 816.3b19.1x15.6x2.1x
Sat, 11 Jul 2026SEK 12.3tSEK 5.9tSEK 717.7b20.2x17.2x2.1x
Mon, 08 Jun 2026SEK 12.1tSEK 5.8tSEK 692.5b19.9x17.5x2.1x
Wed, 06 May 2026SEK 12.0tSEK 5.8tSEK 701.4b20.5x17.1x2.1x
Fri, 03 Apr 2026SEK 11.6tSEK 5.8tSEK 646.6b20.3x17.9x2x
Sun, 01 Mar 2026SEK 12.5tSEK 5.8tSEK 647.9b21.8x19.3x2.2x
Tue, 27 Jan 2026SEK 12.2tSEK 5.9tSEK 638.7b22.4x19x2.1x
Thu, 25 Dec 2025SEK 11.7tSEK 5.8tSEK 547.2b21.8x21.3x2x
Sat, 22 Nov 2025SEK 11.2tSEK 5.8tSEK 546.3b21.6x20.4x1.9x
Mon, 20 Oct 2025SEK 11.3tSEK 5.8tSEK 536.7b23x21x1.9x
Wed, 17 Sep 2025SEK 11.0tSEK 5.8tSEK 480.2b22.8x22.9x1.9x
Fri, 15 Aug 2025SEK 11.1tSEK 5.7tSEK 473.3b23.4x23.4x1.9x
Sun, 13 Jul 2025SEK 11.1tSEK 5.8tSEK 506.8b23.4x22x1.9x
Tue, 10 Jun 2025SEK 10.9tSEK 5.8tSEK 496.2b22.8x22x1.9x
Thu, 08 May 2025SEK 10.6tSEK 5.8tSEK 465.8b21.9x22.8x1.8x
Sat, 05 Apr 2025SEK 10.0tSEK 5.9tSEK 545.3b20.5x18.3x1.7x
Mon, 03 Mar 2025SEK 11.7tSEK 5.9tSEK 549.8b22.9x21.2x2x
Wed, 29 Jan 2025SEK 11.4tSEK 5.9tSEK 502.8b23.3x22.6x1.9x
Fri, 27 Dec 2024SEK 10.7tSEK 6.0tSEK 588.0b22.9x18.2x1.8x
Sun, 24 Nov 2024SEK 10.7tSEK 6.0tSEK 586.6b21.5x18.2x1.8x
Tue, 22 Oct 2024SEK 11.2tSEK 6.0tSEK 557.2b23.4x20x1.9x
Thu, 19 Sep 2024SEK 11.6tSEK 6.1tSEK 554.4b23.7x20.9x1.9x
Sat, 17 Aug 2024SEK 11.4tSEK 6.1tSEK 543.1b23.3x21x1.9x
Mon, 15 Jul 2024SEK 11.8tSEK 6.1tSEK 501.5b23.7x23.6x2x
Wed, 12 Jun 2024SEK 11.5tSEK 6.0tSEK 511.5b23.2x22.4x1.9x
Fri, 10 May 2024SEK 11.4tSEK 6.1tSEK 551.7b22.8x20.7x1.9x
Sun, 07 Apr 2024SEK 11.2tSEK 6.0tSEK 517.6b21.6x21.7x1.9x
Tue, 05 Mar 2024SEK 10.9tSEK 6.0tSEK 513.6b21.2x21.3x1.8x
Thu, 01 Feb 2024SEK 10.5tSEK 6.0tSEK 476.2b21.5x22.1x1.7x
Sat, 30 Dec 2023SEK 10.6tSEK 6.0tSEK 441.0b22.3x24.1x1.8x
Mon, 27 Nov 2023SEK 9.7tSEK 6.0tSEK 445.6b19.5x21.9x1.6x
Wed, 25 Oct 2023SEK 8.8tSEK 6.0tSEK 446.6b17.3x19.7x1.5x
Fri, 22 Sep 2023SEK 9.4tSEK 6.0tSEK 489.2b18.3x19.2x1.6x
Sun, 20 Aug 2023SEK 9.3tSEK 5.9tSEK 489.6b18.6x19x1.6x
Price to Earnings Ratio

19x


Total Market Cap: SEK 9.3tTotal Earnings: SEK 489.6bTotal Revenue: SEK 5.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 20.6x202420252026
Current Market PE
  • Investors are pessimistic on the Swedish market, indicating that they anticipate earnings will not grow as fast as they have historically.
  • The market is trading at a PE ratio of 15.6x which is lower than its 3-year average PE of 20.6x.
Past Earnings Growth
  • The earnings for Swedish listed companies have grown 19% per year over the last three years, while revenues have remained steady.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Sector Trends

Which sectors have driven the changes within the Swedish Market?

SE Market-0.91%
Healthcare1.74%
Materials1.27%
Utilities0.68%
Tech0.55%
Energy0.21%
Telecom0.0085%
Real Estate-0.34%
Financials-1.03%
Consumer Discretionary-1.31%
Industrials-1.59%
Consumer Staples-2.28%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 31.9x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 13.9% which is higher than its past year's earnings decline of 15.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 104% over the next 5 years.
  • This is better than its past earnings decline of 46% per year.
  • In contrast, the Financials sector is expected to see its earnings decline by 12% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
SAAB B SaabSEK 674.808.0%
+SEK 26.9b		35.1%PE51.2xIndustrials
BOL BolidenSEK 539.005.2%
+SEK 7.6b		68.6%PE12.1xMaterials
ERIC B Telefonaktiebolaget LM EricssonSEK 97.781.5%
+SEK 4.7b		33.2%PE13xTech
SIVE Sivers SemiconductorsSEK 42.5225.2%
+SEK 2.9b		1,162.5%PS49.8xTech
YUBICO YubicoSEK 91.1043.5%
+SEK 2.4b		-32.7%PE51.7xTech
See more

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Latest News

BOL
SEK 539.00
Boliden
7D
5.2%
1Y
68.6%
SAAB B
SEK 674.80
Saab
7D
8.0%
1Y
35.1%
Narrative Update • Aug 11

SAAB B: Order Backlog And Execution Risks May Limit Upside

Saab's analyst fair value estimate has moved from SEK 396.19 to SEK 408.20, with analysts pointing to a series of upgrades, higher price targets up to SEK 740, and increased confidence in order momentum, aeronautics margins, and cash flow as key drivers of the change. Analyst Commentary Recent research on Saab points to a mix of optimism around orders and cash flow and a more cautious tone on valuation and execution risk.
YUBICO
SEK 91.10
Yubico
7D
43.5%
1Y
-32.7%
ERIC B
SEK 97.78
Telefonaktiebolaget LM Ericsson
7D
1.5%
1Y
33.2%
SAND
SEK 365.60
Sandvik
7D
-2.4%
1Y
53.9%
EQT
SEK 346.80
EQT
7D
0.5%
1Y
2.3%
HEXA B
SEK 95.50
Hexagon
7D
-2.7%
1Y
-12.1%
Narrative Update • Aug 05

HEXA B: Post Octave Execution And Margin Upside Will Support Future Re-Rating

Analysts have raised Hexagon’s fair value estimate from SEK 119.92 to SEK 123.96, citing updated price targets in the SEK 90 to SEK 100 range and noting that current margins and growth potential are already well reflected in the stock. Analyst Commentary Recent Street research on Hexagon points to a mixed but generally constructive tone, with several bullish analysts lifting price targets and highlighting the company’s ability to execute on its precision measurement and positioning businesses.
SWED A
SEK 379.00
Swedbank
7D
-1.5%
1Y
39.4%
Narrative Update • Aug 05

SWED A: Higher Baltic Rates And Cost Cuts Will Shape Earnings Outlook

Swedbank's analyst price target has been updated from SEK 390 to about SEK 425, with analysts pointing to refinements in discount rate assumptions, revenue growth forecasts, profit margins and P/E expectations. Analyst Commentary Recent research on Swedbank shows a cluster of upward price target revisions and a key rating upgrade that together signal improving confidence in the stock.
ASSA B
SEK 359.90
ASSA ABLOY
7D
-1.7%
1Y
9.2%
VOLV B
SEK 343.20
AB Volvo
7D
-6.3%
1Y
18.3%
Narrative Update • Aug 04

VOLV B: Autonomous Truck And Hydrogen Engine Expansion Will Support Future Earnings

Analysts have raised the fair value estimate for AB Volvo shares from SEK 395.00 to about SEK 444.15, citing recent upward revisions to Street price targets and updated assumptions for revenue growth, profit margins and future P/E levels. Analyst Commentary Recent Street research on AB Volvo shows a cluster of higher price targets and a rating upgrade that point to growing confidence in how the company is executing and how the stock is valued.
SIVE
SEK 42.52
Sivers Semiconductors
7D
25.2%
1Y
1,162.5%
CAMX
SEK 623.00
Camurus
7D
5.4%
1Y
-3.3%
INVE A
SEK 410.60
Investor
7D
-1.3%
1Y
41.8%
SECT B
SEK 280.00
Sectra
7D
4.6%
1Y
-19.3%
Analysis Article • Jul 16

We Think Sectra's (STO:SECT B) Healthy Earnings Might Be Conservative

Sectra AB (publ)'s ( STO:SECT B ) recent earnings report didn't offer any surprises, with the shares unchanged over the...
INDU A
SEK 544.00
AB Industrivärden
7D
-4.1%
1Y
47.6%
LATO B
SEK 192.30
Investment AB Latour
7D
-5.3%
1Y
-22.3%