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Swedish (OMX) Market Analysis & Valuation

UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies790
  • 7D0.7%
  • 3M9.6%
  • 1Y4.0%
  • YTD4.2%

In the last week, the market has stayed flat, however the Energy sector stood out, gaining 13%. As for the longer term, the market has risen 4.0% in the past 12 months. Looking forward, earnings are forecast to grow by 9.7% annually.

Trending IndustriesBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Feb 2026SEK 12.3tSEK 5.8tSEK 650.9b21.5x18.9x2.1x
Sun, 18 Jan 2026SEK 12.3tSEK 5.8tSEK 547.0b22.5x22.5x2.1x
Tue, 16 Dec 2025SEK 11.6tSEK 5.8tSEK 547.0b21.8x21.2x2x
Thu, 13 Nov 2025SEK 11.6tSEK 5.8tSEK 544.5b22.1x21.4x2x
Sat, 11 Oct 2025SEK 11.2tSEK 5.8tSEK 484.6b22.7x23.2x1.9x
Mon, 08 Sep 2025SEK 11.0tSEK 5.8tSEK 480.2b23.2x22.9x1.9x
Wed, 06 Aug 2025SEK 10.9tSEK 5.7tSEK 471.6b23.2x23.1x1.9x
Fri, 04 Jul 2025SEK 11.1tSEK 5.8tSEK 497.1b23.2x22.3x1.9x
Sun, 01 Jun 2025SEK 10.8tSEK 5.8tSEK 495.5b22.5x21.8x1.9x
Tue, 29 Apr 2025SEK 10.5tSEK 5.8tSEK 468.8b21.4x22.5x1.8x
Thu, 27 Mar 2025SEK 11.1tSEK 5.9tSEK 547.4b21.7x20.3x1.9x
Sat, 22 Feb 2025SEK 11.7tSEK 5.9tSEK 532.7b23.3x22x2x
Mon, 20 Jan 2025SEK 11.2tSEK 6.0tSEK 588.5b23.1x19x1.9x
Wed, 18 Dec 2024SEK 10.9tSEK 6.0tSEK 587.9b23x18.6x1.8x
Fri, 15 Nov 2024SEK 10.9tSEK 6.0tSEK 587.3b22.4x18.5x1.8x
Sun, 13 Oct 2024SEK 11.3tSEK 5.9tSEK 496.4b23.8x22.7x1.9x
Tue, 10 Sep 2024SEK 11.4tSEK 6.1tSEK 553.9b23.5x20.6x1.9x
Thu, 08 Aug 2024SEK 11.1tSEK 6.1tSEK 543.4b22.5x20.4x1.8x
Sat, 06 Jul 2024SEK 11.5tSEK 6.1tSEK 513.7b23x22.3x1.9x
Mon, 03 Jun 2024SEK 11.6tSEK 6.0tSEK 512.2b23.3x22.6x1.9x
Wed, 01 May 2024SEK 11.2tSEK 6.1tSEK 560.5b22.2x20x1.8x
Fri, 29 Mar 2024SEK 11.3tSEK 6.0tSEK 516.3b21.6x21.9x1.9x
Sun, 25 Feb 2024SEK 10.9tSEK 6.0tSEK 485.2b21x22.4x1.8x
Tue, 23 Jan 2024SEK 10.2tSEK 6.1tSEK 452.8b21.3x22.5x1.7x
Thu, 21 Dec 2023SEK 10.5tSEK 6.0tSEK 440.9b21.8x23.9x1.7x
Sat, 18 Nov 2023SEK 9.6tSEK 6.0tSEK 443.6b19.6x21.7x1.6x
Mon, 16 Oct 2023SEK 9.3tSEK 6.0tSEK 492.7b17.5x18.9x1.6x
Wed, 13 Sep 2023SEK 9.3tSEK 6.0tSEK 489.4b18x19.1x1.6x
Fri, 11 Aug 2023SEK 9.7tSEK 5.9tSEK 488.6b19.7x19.9x1.6x
Sun, 09 Jul 2023SEK 9.6tSEK 5.7tSEK 410.5b19x23.5x1.7x
Tue, 06 Jun 2023SEK 10.1tSEK 5.6tSEK 411.6b19.3x24.4x1.8x
Thu, 04 May 2023SEK 10.0tSEK 5.6tSEK 412.5b20x24.3x1.8x
Sat, 01 Apr 2023SEK 9.0tSEK 5.3tSEK 409.5b19.2x22x1.7x
Mon, 27 Feb 2023SEK 9.0tSEK 5.3tSEK 405.9b18.9x22.2x1.7x
Price to Earnings Ratio

22.2x


Total Market Cap: SEK 9.0tTotal Earnings: SEK 405.9bTotal Revenue: SEK 5.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 21.4x202420252026
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 18.9x which is lower than its 3-year average PE of 21.4x.
Past Earnings Growth
  • The earnings for Swedish listed companies have grown 17% per year over the last three years.
  • Revenues for these companies have grown 3.1% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Swedish Market?

SE Market0.67%
Energy12.51%
Utilities3.86%
Tech3.62%
Healthcare1.27%
Industrials0.88%
Financials0.76%
Telecom0.58%
Consumer Discretionary-0.65%
Consumer Staples-0.83%
Materials-0.83%
Real Estate-2.15%
Sector PE
  • Investors favour the Telecom sector the most for future growth, which is trading above its 3-year average PE ratio of 16.6x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 15.0%, which is higher than its past year's earnings growth of 8.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings decline of 4.3% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 19% 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 672.907.2%
+SEK 24.3b		128.8%PE57.3xIndustrials
ATCO A Atlas CopcoSEK 194.852.4%
+SEK 22.4b		4.0%PE35.9xIndustrials
INVE A InvestorSEK 360.901.4%
+SEK 15.3b		12.8%PE7xFinancials
ERIC B Telefonaktiebolaget LM EricssonSEK 101.654.6%
+SEK 14.8b		18.7%PE11.9xTech
HEXA B HexagonSEK 98.803.8%
+SEK 9.7b		-23.0%PE40.3xTech
See more

Market Insights

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HOLM B
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7D
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BALD B
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