Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Swedish (OMX) Market Analysis & Valuation

UpdatedSep 05, 2025
DataAggregated Company Financials
Companies804
  • 7D-2.0%
  • 3M0.4%
  • 1Y-0.8%
  • YTD-0.4%

Over the last 7 days, the market has dropped 2.0%, driven by a pullback of 2.3% in the Industrials sector. Overall the market has been flat in the last year. As for the next few years, earnings are expected to grow by 17% per annum.

Trending IndustriesBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Sep 2025SEK 10.9tSEK 5.8tSEK 480.2b22.9x22.7x1.9x
Sun, 03 Aug 2025SEK 10.8tSEK 5.7tSEK 471.2b22.9x22.9x1.9x
Tue, 01 Jul 2025SEK 10.9tSEK 5.8tSEK 496.7b23.2x21.9x1.9x
Thu, 29 May 2025SEK 10.9tSEK 5.8tSEK 496.2b22.3x21.9x1.9x
Sat, 26 Apr 2025SEK 10.5tSEK 5.8tSEK 468.1b21.1x22.5x1.8x
Mon, 24 Mar 2025SEK 11.3tSEK 5.9tSEK 548.0b21.9x20.5x1.9x
Wed, 19 Feb 2025SEK 11.9tSEK 5.9tSEK 519.8b24x22.9x2x
Fri, 17 Jan 2025SEK 11.1tSEK 6.0tSEK 588.4b23.2x18.9x1.9x
Sun, 15 Dec 2024SEK 11.0tSEK 6.0tSEK 588.0b23.2x18.7x1.8x
Tue, 12 Nov 2024SEK 11.1tSEK 6.0tSEK 588.0b22.8x18.8x1.9x
Thu, 10 Oct 2024SEK 11.3tSEK 5.9tSEK 494.9b23.5x22.9x1.9x
Sat, 07 Sep 2024SEK 11.3tSEK 6.1tSEK 553.7b23.4x20.3x1.8x
Mon, 05 Aug 2024SEK 11.1tSEK 6.1tSEK 543.4b22.7x20.5x1.8x
Wed, 03 Jul 2024SEK 11.5tSEK 6.1tSEK 513.7b22.8x22.3x1.9x
Fri, 31 May 2024SEK 11.5tSEK 6.0tSEK 512.8b22.9x22.5x1.9x
Sun, 28 Apr 2024SEK 11.1tSEK 6.1tSEK 559.6b21.7x19.9x1.8x
Tue, 26 Mar 2024SEK 11.3tSEK 6.0tSEK 515.4b21.4x22x1.9x
Thu, 22 Feb 2024SEK 10.8tSEK 6.0tSEK 478.5b21.3x22.5x1.8x
Sat, 20 Jan 2024SEK 10.1tSEK 6.1tSEK 452.7b21.4x22.2x1.7x
Mon, 18 Dec 2023SEK 10.5tSEK 6.0tSEK 441.4b20.8x23.8x1.7x
Wed, 15 Nov 2023SEK 9.5tSEK 6.0tSEK 447.7b19.8x21.3x1.6x
Fri, 13 Oct 2023SEK 9.5tSEK 6.0tSEK 493.0b17.5x19.2x1.6x
Sun, 10 Sep 2023SEK 9.4tSEK 6.0tSEK 489.3b18.4x19.1x1.6x
Tue, 08 Aug 2023SEK 9.6tSEK 5.9tSEK 488.3b19.5x19.7x1.6x
Thu, 06 Jul 2023SEK 9.8tSEK 5.7tSEK 412.1b19x23.7x1.7x
Sat, 03 Jun 2023SEK 10.1tSEK 5.6tSEK 411.1b19.4x24.5x1.8x
Mon, 01 May 2023SEK 10.2tSEK 5.6tSEK 420.7b19.8x24.2x1.8x
Wed, 29 Mar 2023SEK 8.5tSEK 5.3tSEK 402.2b18.5x21.2x1.6x
Fri, 24 Feb 2023SEK 9.2tSEK 5.3tSEK 432.3b18.9x21.2x1.7x
Sun, 22 Jan 2023SEK 9.6tSEK 5.1tSEK 498.3b17.1x19.3x1.9x
Tue, 20 Dec 2022SEK 9.1tSEK 5.1tSEK 510.8b15.6x17.8x1.8x
Thu, 17 Nov 2022SEK 9.3tSEK 5.1tSEK 510.7b16.1x18.2x1.8x
Sat, 15 Oct 2022SEK 8.3tSEK 4.9tSEK 570.0b14.8x14.6x1.7x
Mon, 12 Sep 2022SEK 9.0tSEK 4.8tSEK 573.3b16.2x15.7x1.9x
Price to Earnings Ratio

15.7x


Total Market Cap: SEK 9.0tTotal Earnings: SEK 573.3bTotal Revenue: SEK 4.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 20.8x202320242025
Current Market PE
  • Investors are relatively neutral on the Swedish market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 20.8x.
Past Earnings Growth
  • The earnings for Swedish listed companies have declined 5.7% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.0% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Sector Trends

Which sectors have driven the changes within the Swedish Market?

SE Market-2.02%
Telecom0.31%
Consumer Staples0.085%
Utilities-0.83%
Financials-1.37%
Materials-1.77%
Industrials-2.32%
Healthcare-2.45%
Consumer Discretionary-2.49%
Tech-2.84%
Real Estate-3.62%
Energy-7.24%
Sector PE
  • Investors favour the Healthcare sector the most for future growth which is trading above its 3-year average PE ratio.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 29.1%, which is higher than its past year's earnings growth of 4.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings growth rate of 4.2% per year.
  • In contrast, the Consumer Staples sector is expected to see its earnings grow by 9.5% 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
HM B H & M Hennes & MauritzSEK 145.052.7%
+SEK 6.0b		-9.4%PE23.6xConsumer Discretionary
SEB A Skandinaviska Enskilda BankenSEK 176.701.0%
+SEK 3.6b		12.5%PB1.6xFinancials
ATCO A Atlas CopcoSEK 152.550.4%
+SEK 2.7b		-13.3%PE26.4xIndustrials
TELIA Telia CompanySEK 35.701.6%
+SEK 2.2b		7.1%PE26.2xTelecom
CS CoinShares InternationalSEK 133.0034.1%
+SEK 2.2b		116.6%PE7.3xFinancials
See more

Market Insights

Header cover image
💸 How to Navigate Lofty Valuations in 2025
Richard Bowman avatar
Richard Bowman
|
|
Why today’s lofty prices test investors, and how to stay invested without losing your edge.
Continue reading
🌊 The 2025 IPO Wave: Winners, Losers, and What Investors Should Watch
Last Week

🌊 The 2025 IPO Wave: Winners, Losers, and What Investors Should Watch

Latest News

HEXA B
SEK 102.55
Hexagon
7D
-4.6%
1Y
2.5%

Returns On Capital At Hexagon (STO:HEXA B) Have Hit The Brakes

Sep 04
Returns On Capital At Hexagon (STO:HEXA B) Have Hit The Brakes
INVE A
SEK 290.30
Investor
7D
-1.2%
1Y
-0.5%

Investor (STO:INVE A) Is Due To Pay A Dividend Of SEK1.45

Sep 03
Investor (STO:INVE A) Is Due To Pay A Dividend Of SEK1.45
ATCO A
SEK 152.55
Atlas Copco
7D
0.4%
1Y
-13.3%

A Look At The Intrinsic Value Of Atlas Copco AB (publ) (STO:ATCO A)

Sep 02
A Look At The Intrinsic Value Of Atlas Copco AB (publ) (STO:ATCO A)
CS
SEK 133.00
CoinShares International
7D
34.1%
1Y
116.6%
SAAB B
SEK 505.90
Saab
7D
-6.2%
1Y
125.0%

Here's Why Saab (STO:SAAB B) Can Manage Its Debt Responsibly

Aug 31
Here's Why Saab (STO:SAAB B) Can Manage Its Debt Responsibly
TEL2 B
SEK 167.20
Tele2
7D
1.4%
1Y
41.2%

Are Investors Undervaluing Tele2 AB (publ) (STO:TEL2 B) By 26%?

Aug 31
Are Investors Undervaluing Tele2 AB (publ) (STO:TEL2 B) By 26%?
VOLV B
SEK 277.10
AB Volvo
7D
-5.2%
1Y
7.7%

There's Been No Shortage Of Growth Recently For AB Volvo's (STO:VOLV B) Returns On Capital

Aug 30
There's Been No Shortage Of Growth Recently For AB Volvo's (STO:VOLV B) Returns On Capital
TELIA
SEK 35.70
Telia Company
7D
1.6%
1Y
7.1%

Telia Company (STO:TELIA) Will Pay A Dividend Of SEK0.50

Aug 28
Telia Company (STO:TELIA) Will Pay A Dividend Of SEK0.50
GETI B
SEK 209.00
Getinge
7D
1.4%
1Y
-4.6%

Are Investors Undervaluing Getinge AB (publ) (STO:GETI B) By 50%?

Aug 21
Are Investors Undervaluing Getinge AB (publ) (STO:GETI B) By 50%?
EQT
SEK 331.10
EQT
7D
-3.6%
1Y
4.0%

EQT (STO:EQT) Is Due To Pay A Dividend Of €2.15

Aug 20
EQT (STO:EQT) Is Due To Pay A Dividend Of €2.15
LATO B
SEK 232.10
Investment AB Latour
7D
-4.1%
1Y
-23.8%
SOBI
SEK 274.00
Swedish Orphan Biovitrum
7D
-5.9%
1Y
-10.9%

We Think Swedish Orphan Biovitrum (STO:SOBI) Can Stay On Top Of Its Debt

Aug 04
We Think Swedish Orphan Biovitrum (STO:SOBI) Can Stay On Top Of Its Debt
HM B
SEK 145.05
H & M Hennes & Mauritz
7D
2.7%
1Y
-9.4%

H & M Hennes & Mauritz (STO:HM B) Seems To Use Debt Quite Sensibly

Jul 28
H & M Hennes & Mauritz (STO:HM B) Seems To Use Debt Quite Sensibly
SEB A
SEK 176.70
Skandinaviska Enskilda Banken
7D
1.0%
1Y
12.5%

Skandinaviska Enskilda Banken AB (publ) Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Jul 19
Skandinaviska Enskilda Banken AB (publ) Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
AXFO
SEK 306.40
Axfood
7D
3.1%
1Y
11.0%
EVO
SEK 783.00
Evolution
7D
-7.9%
1Y
-22.9%