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Swedish (OMX) Market Analysis & Valuation

UpdatedMay 03, 2026
DataAggregated Company Financials
Companies778
  • 7D-1.9%
  • 3M-1.1%
  • 1Y11.0%
  • YTD1.2%

Over the last 7 days, the market has dropped 1.9%, driven by a pullback of 3.3% in the Industrials sector. In the last year, the market is actually up 11%. As for the next few years, earnings are expected to grow by 8.7% per annum.

Trending IndustriesBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 03 May 2026SEK 11.9tSEK 5.8tSEK 703.5b20.7x16.9x2.1x
Tue, 31 Mar 2026SEK 11.3tSEK 5.8tSEK 647.7b19.6x17.5x1.9x
Thu, 26 Feb 2026SEK 12.4tSEK 5.8tSEK 649.7b21.3x19.1x2.1x
Sat, 24 Jan 2026SEK 12.2tSEK 5.9tSEK 635.4b22.3x19.1x2.1x
Mon, 22 Dec 2025SEK 11.6tSEK 5.8tSEK 547.3b21.7x21.2x2x
Wed, 19 Nov 2025SEK 11.1tSEK 5.8tSEK 544.4b22x20.4x1.9x
Fri, 17 Oct 2025SEK 11.4tSEK 5.8tSEK 491.1b23.2x23.3x2x
Sun, 14 Sep 2025SEK 11.1tSEK 5.8tSEK 480.2b22.9x23x1.9x
Tue, 12 Aug 2025SEK 11.0tSEK 5.7tSEK 471.3b23.4x23.3x1.9x
Thu, 10 Jul 2025SEK 11.1tSEK 5.8tSEK 505.9b23.7x21.9x1.9x
Sat, 07 Jun 2025SEK 10.9tSEK 5.8tSEK 496.4b23x22.1x1.9x
Mon, 05 May 2025SEK 10.7tSEK 5.8tSEK 462.2b21.9x23.3x1.8x
Wed, 02 Apr 2025SEK 10.9tSEK 5.9tSEK 547.0b21.5x19.9x1.8x
Fri, 28 Feb 2025SEK 11.7tSEK 5.9tSEK 545.8b23x21.5x2x
Sun, 26 Jan 2025SEK 11.4tSEK 5.9tSEK 502.8b23.4x22.8x1.9x
Tue, 24 Dec 2024SEK 10.7tSEK 6.0tSEK 587.9b22.9x18.2x1.8x
Thu, 21 Nov 2024SEK 10.6tSEK 6.0tSEK 587.0b22x18x1.8x
Sat, 19 Oct 2024SEK 11.2tSEK 6.0tSEK 559.9b23.7x20.1x1.9x
Mon, 16 Sep 2024SEK 11.6tSEK 6.1tSEK 554.2b23.4x20.8x1.9x
Wed, 14 Aug 2024SEK 11.2tSEK 6.1tSEK 549.2b22.7x20.4x1.8x
Fri, 12 Jul 2024SEK 11.6tSEK 6.0tSEK 507.5b23.5x22.8x1.9x
Sun, 09 Jun 2024SEK 11.6tSEK 6.0tSEK 512.2b23.3x22.6x1.9x
Tue, 07 May 2024SEK 11.3tSEK 6.1tSEK 564.6b23x19.9x1.9x
Thu, 04 Apr 2024SEK 11.3tSEK 6.0tSEK 517.4b22x21.8x1.9x
Sat, 02 Mar 2024SEK 11.0tSEK 6.0tSEK 513.5b21.8x21.4x1.8x
Mon, 29 Jan 2024SEK 10.4tSEK 6.0tSEK 478.2b21.3x21.8x1.7x
Wed, 27 Dec 2023SEK 10.5tSEK 6.0tSEK 440.3b21.9x23.9x1.7x
Fri, 24 Nov 2023SEK 9.7tSEK 6.0tSEK 445.4b19.3x21.8x1.6x
Sun, 22 Oct 2023SEK 8.9tSEK 6.0tSEK 446.0b17x19.9x1.5x
Tue, 19 Sep 2023SEK 9.4tSEK 6.0tSEK 489.4b18.1x19.2x1.6x
Thu, 17 Aug 2023SEK 9.5tSEK 5.9tSEK 488.7b19.3x19.4x1.6x
Sat, 15 Jul 2023SEK 9.7tSEK 5.7tSEK 383.1b18.8x25.2x1.7x
Mon, 12 Jun 2023SEK 10.1tSEK 5.7tSEK 411.6b19.3x24.6x1.8x
Wed, 10 May 2023SEK 9.9tSEK 5.6tSEK 408.1b19.8x24.3x1.8x
Price to Earnings Ratio

24.3x


Total Market Cap: SEK 9.9tTotal Earnings: SEK 408.1bTotal Revenue: SEK 5.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 21.2x202420252026
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 16.9x which is lower than its 3-year average PE of 21.2x.
Past Earnings Growth
  • The earnings for Swedish listed companies have grown 20% 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-1.89%
Utilities2.86%
Telecom1.66%
Consumer Staples0.67%
Healthcare0.27%
Tech-0.095%
Financials-0.90%
Real Estate-2.19%
Consumer Discretionary-2.19%
Industrials-3.28%
Materials-4.27%
Energy-11.44%
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading above its 3-year average PE ratio of 23.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 15.5%, which is higher than its past year's earnings growth of 0.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 0.9% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 20% 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
EPI A EpirocSEK 263.605.4%
+SEK 16.4b		23.3%PE37.5xIndustrials
ERIC B Telefonaktiebolaget LM EricssonSEK 108.353.7%
+SEK 12.8b		33.9%PE14.4xTech
SOBI Swedish Orphan BiovitrumSEK 427.806.9%
+SEK 9.6b		42.7%PE160.6xHealthcare
SEB A Skandinaviska Enskilda BankenSEK 181.151.6%
+SEK 5.9b		17.9%PB1.6xFinancials
HACK HacksawSEK 84.8025.5%
+SEK 5.0b		n/aPE14.7xTelecom
See more

Market Insights

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ASSA B
SEK 351.40
ASSA ABLOY
7D
-4.9%
1Y
17.4%
EQT
SEK 296.60
EQT
7D
-5.6%
1Y
7.4%
SWED A
SEK 323.70
Swedbank
7D
1.1%
1Y
33.8%

Analyst Estimates: Here's What Brokers Think Of Swedbank AB (publ) (STO:SWED A) After Its First-Quarter Report

May 02
Analyst Estimates: Here's What Brokers Think Of Swedbank AB (publ) (STO:SWED A) After Its First-Quarter Report
EPI A
SEK 263.60
Epiroc
7D
5.4%
1Y
23.3%

Analysts Are Updating Their Epiroc AB (publ) (STO:EPI A) Estimates After Its First-Quarter Results

May 02
Analysts Are Updating Their Epiroc AB (publ) (STO:EPI A) Estimates After Its First-Quarter Results
ALFA
SEK 548.00
Alfa Laval
7D
1.8%
1Y
35.4%
AAK
SEK 263.40
AAK AB (publ.)
7D
7.2%
1Y
6.5%

AAK AB (publ.) Beat Revenue Forecasts By 5.0%: Here's What Analysts Are Forecasting Next

May 01
AAK AB (publ.) Beat Revenue Forecasts By 5.0%: Here's What Analysts Are Forecasting Next
ERIC B
SEK 108.35
Telefonaktiebolaget LM Ericsson
7D
3.7%
1Y
33.9%

ERIC B: Trusted Tech Alliance And Cost Discipline Will Support Higher Future Multiple

Analysts have trimmed their consolidated price target for Telefonaktiebolaget LM Ericsson to SEK 121, with recent SEK 4 to SEK 10 target increases from some firms and a SEK 1 reduction from another. This reflects mixed views around cost cuts, profit margins and future P/E assumptions.
SOBI
SEK 427.80
Swedish Orphan Biovitrum
7D
6.9%
1Y
42.7%

Results: Swedish Orphan Biovitrum AB (publ) Beat Earnings Expectations And Analysts Now Have New Forecasts

May 01
Results: Swedish Orphan Biovitrum AB (publ) Beat Earnings Expectations And Analysts Now Have New Forecasts
ATCO A
SEK 174.20
Atlas Copco
7D
-7.3%
1Y
14.6%

Atlas Copco AB (publ) (STO:ATCO A) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates

May 01
Atlas Copco AB (publ) (STO:ATCO A) Just Released Its First-Quarter Results And Analysts Are Updating Their Estimates
BOL
SEK 480.10
Boliden
7D
-9.6%
1Y
59.8%

BOL: Future Garpenberg Investment And Restart Will Support Re Rating

Analysts have trimmed the fair value estimate for Boliden from SEK 676.74 to about SEK 645.13, reflecting updated assumptions around discount rates, revenue growth, margins, and recent shifts in Street price targets that have included both increases and cuts across several banks. Analyst Commentary Recent Street research on Boliden has been mixed, with several banks adjusting price targets in both directions and some issuing rating changes.
LATO B
SEK 209.80
Investment AB Latour
7D
-6.4%
1Y
-20.8%
SEB A
SEK 181.15
Skandinaviska Enskilda Banken
7D
1.6%
1Y
17.9%
HACK
SEK 84.80
Hacksaw
7D
25.5%
1Y
n/a
SAND
SEK 383.10
Sandvik
7D
-3.2%
1Y
87.4%
HM B
SEK 164.60
H & M Hennes & Mauritz
7D
-4.0%
1Y
17.0%
VSURE
€10.53
Verisure
7D
-8.9%
1Y
n/a