Investing IdeasBrowse All StocksMarkets

Have your own idea? Try our Stock Screener

Header cover image

Swedish (OMX) Market Analysis & Valuation

UpdatedOct 31, 2024
DataAggregated Company Financials
Companies877
  • 7D1.0%
  • 3M1.2%
  • 1Y25.9%
  • YTD9.8%

Over the last 7 days, the market has risen 1.0%, driven by gains of 5.8% in the Consumer Discretionary sector. In the last year, the market has climbed 26%. As for the next few years, earnings are expected to grow by 16% per annum.

Trending IndustriesOil and GasBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 31 Oct 2024SEK 11.0tSEK 5.9tSEK 570.6b23.2x19.3x1.9x
Sat, 28 Sep 2024SEK 12.0tSEK 6.1tSEK 552.2b23.9x21.6x2x
Mon, 26 Aug 2024SEK 11.6tSEK 6.1tSEK 548.9b23x21.1x1.9x
Wed, 24 Jul 2024SEK 11.7tSEK 6.1tSEK 546.7b23.1x21.5x1.9x
Fri, 21 Jun 2024SEK 11.4tSEK 6.0tSEK 511.4b23x22.4x1.9x
Sun, 19 May 2024SEK 11.6tSEK 6.1tSEK 531.6b22.7x21.8x1.9x
Tue, 16 Apr 2024SEK 11.2tSEK 6.0tSEK 522.8b22.2x21.4x1.9x
Thu, 14 Mar 2024SEK 11.2tSEK 6.0tSEK 513.6b20.9x21.9x1.9x
Sat, 10 Feb 2024SEK 10.5tSEK 6.1tSEK 512.7b21.2x20.6x1.7x
Mon, 08 Jan 2024SEK 10.3tSEK 6.0tSEK 440.8b22x23.3x1.7x
Wed, 06 Dec 2023SEK 9.9tSEK 6.0tSEK 442.3b20.2x22.4x1.6x
Fri, 03 Nov 2023SEK 9.1tSEK 6.0tSEK 449.3b18.1x20.3x1.5x
Sun, 01 Oct 2023SEK 9.3tSEK 6.0tSEK 489.3b17.8x19x1.6x
Tue, 29 Aug 2023SEK 9.4tSEK 6.0tSEK 489.0b18.6x19.1x1.6x
Thu, 27 Jul 2023SEK 9.8tSEK 5.9tSEK 483.9b19.6x20.2x1.7x
Sat, 24 Jun 2023SEK 9.8tSEK 5.7tSEK 411.6b18.9x23.7x1.7x
Mon, 22 May 2023SEK 10.1tSEK 5.6tSEK 399.1b19.7x25.3x1.8x
Wed, 19 Apr 2023SEK 9.5tSEK 5.3tSEK 409.3b19.9x23.2x1.8x
Fri, 17 Mar 2023SEK 8.7tSEK 5.3tSEK 402.6b18.8x21.6x1.6x
Sun, 12 Feb 2023SEK 9.1tSEK 5.3tSEK 454.8b18.3x20x1.7x
Tue, 10 Jan 2023SEK 9.5tSEK 5.1tSEK 505.1b16.5x18.9x1.9x
Thu, 08 Dec 2022SEK 9.3tSEK 5.1tSEK 511.5b16.1x18.2x1.8x
Sat, 05 Nov 2022SEK 8.9tSEK 5.1tSEK 509.1b15.5x17.4x1.8x
Mon, 03 Oct 2022SEK 8.3tSEK 4.9tSEK 569.5b14.4x14.5x1.7x
Wed, 31 Aug 2022SEK 9.0tSEK 4.8tSEK 573.2b16.4x15.7x1.9x
Fri, 29 Jul 2022SEK 9.3tSEK 4.8tSEK 561.5b16.6x16.6x1.9x
Sun, 26 Jun 2022SEK 8.7tSEK 4.7tSEK 663.1b15.8x13.2x1.9x
Tue, 24 May 2022SEK 9.9tSEK 4.7tSEK 662.1b17.5x15x2.1x
Thu, 21 Apr 2022SEK 10.7tSEK 4.7tSEK 796.0b20x13.4x2.3x
Sat, 19 Mar 2022SEK 11.3tSEK 4.9tSEK 825.9b20.3x13.7x2.3x
Mon, 14 Feb 2022SEK 11.6tSEK 4.8tSEK 799.2b22.4x14.6x2.4x
Wed, 12 Jan 2022SEK 12.3tSEK 4.7tSEK 674.7b23.2x18.2x2.6x
Fri, 10 Dec 2021SEK 12.5tSEK 4.7tSEK 674.6b23.2x18.5x2.7x
Sun, 07 Nov 2021SEK 12.4tSEK 4.7tSEK 674.9b23.5x18.3x2.7x
Price to Earnings Ratio

18.3x


Total Market Cap: SEK 12.4tTotal Earnings: SEK 674.9bTotal Revenue: SEK 4.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 19.4x202220232024
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 19.4x.
Past Earnings Growth
  • The earnings for Swedish listed companies have declined 5.4% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.5% 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 Market1.04%
Consumer Discretionary5.80%
Tech3.41%
Industrials0.46%
Healthcare0.39%
Energy0.21%
Utilities0.068%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Materials-0.79%
Real Estate-0.86%
Financials-1.05%
Telecom-1.25%
Consumer Staples-4.43%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 8.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 45.6%, which is higher than its past year's earnings growth of 13.0% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 66% over the next 5 years.
  • This is better than its past earnings growth rate of 20% per year.
  • In contrast, the Financials sector is expected to see its earnings decline by 18% 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
BETS B BetssonSEK 138.928.8%
+SEK 1.7t		24.1%PE864xConsumer Discretionary
VOLV B AB VolvoSEK 277.602.5%
+SEK 13.6b		27.7%PE10.9xIndustrials
EVO EvolutionSEK 1.01k5.5%
+SEK 10.9b		1.7%PE15.6xConsumer Discretionary
HEXA B HexagonSEK 103.602.8%
+SEK 7.5b		14.8%PE23.8xTech
SOBI Swedish Orphan BiovitrumSEK 340.804.7%
+SEK 5.3b		45.6%PE33.3xHealthcare
See more
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlansLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & EnterpriseWhat's New
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Market Insights

Header cover image

Evaluating REITs For Long-Term Returns

Richard Bowman avatar
Richard Bowman
|
|

5 comments

This week, we’re getting a little more technical and having a look at the qualitative factors that investors can consider when evaluating a REIT...

Continue reading

Lower Rates Increases REITs Appeal
Last Week

Lower Rates Increases REITs Appeal

Latest News

HM B

SEK 165.65

H & M Hennes & Mauritz

7D

-3.9%

1Y

8.2%

H & M Hennes & Mauritz (STO:HM B) Will Pay A Dividend Of SEK3.25

Oct 29
H & M Hennes & Mauritz (STO:HM B) Will Pay A Dividend Of SEK3.25

HEXA B

SEK 103.60

Hexagon

7D

2.8%

1Y

14.8%

Hexagon AB (publ) Just Missed EPS By 5.7%: Here's What Analysts Think Will Happen Next

Oct 28
Hexagon AB (publ) Just Missed EPS By 5.7%: Here's What Analysts Think Will Happen Next

SOBI

SEK 340.80

Swedish Orphan Biovitrum

7D

4.7%

1Y

45.6%

EVO

SEK 1,006.00

Evolution

7D

5.5%

1Y

1.7%

Evolution AB (publ) Just Recorded A 23% EPS Beat: Here's What Analysts Are Forecasting Next

Oct 28
Evolution AB (publ) Just Recorded A 23% EPS Beat: Here's What Analysts Are Forecasting Next

BETCO

SEK 140.20

Better Collective

7D

-35.2%

1Y

-48.6%

Not Many Are Piling Into Better Collective A/S (STO:BETCO) Stock Yet As It Plummets 42%

Oct 28
Not Many Are Piling Into Better Collective A/S (STO:BETCO) Stock Yet As It Plummets 42%

TREL B

SEK 355.00

Trelleborg

7D

-4.9%

1Y

25.9%

FNOX

SEK 67.10

Fortnox

7D

11.9%

1Y

51.8%

Analyst Estimates: Here's What Brokers Think Of Fortnox AB (publ) (STO:FNOX) After Its Third-Quarter Report

Oct 27
Analyst Estimates: Here's What Brokers Think Of Fortnox AB (publ) (STO:FNOX) After Its Third-Quarter Report

AXFO

SEK 233.10

Axfood

7D

-14.3%

1Y

-6.8%

Earnings Miss: Axfood AB (publ) Missed EPS By 9.0% And Analysts Are Revising Their Forecasts

Oct 27
Earnings Miss: Axfood AB (publ) Missed EPS By 9.0% And Analysts Are Revising Their Forecasts

MYCR

SEK 422.40

Mycronic

7D

12.3%

1Y

75.6%

Mycronic AB (publ) Beat Revenue Forecasts By 15%: Here's What Analysts Are Forecasting Next

Oct 27
Mycronic AB (publ) Beat Revenue Forecasts By 15%: Here's What Analysts Are Forecasting Next

AAK

SEK 305.00

AAK AB (publ.)

7D

-7.8%

1Y

41.1%

AAK AB (publ.) (STO:AAK) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

Oct 27
AAK AB (publ.) (STO:AAK) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

ATCO A

SEK 177.75

Atlas Copco

7D

-1.2%

1Y

23.0%

Here's What Analysts Are Forecasting For Atlas Copco AB (STO:ATCO A) After Its Third-Quarter Results

Oct 26
Here's What Analysts Are Forecasting For Atlas Copco AB (STO:ATCO A) After Its Third-Quarter Results

VOLV B

SEK 277.60

AB Volvo

7D

2.5%

1Y

27.7%

We Think AB Volvo's (STO:VOLV B) Solid Earnings Are Understated

Oct 26
We Think AB Volvo's (STO:VOLV B) Solid Earnings Are Understated

SEB A

SEK 151.50

Skandinaviska Enskilda Banken

7D

-4.4%

1Y

23.5%

BETS B

SEK 138.92

Betsson

7D

8.8%

1Y

24.1%

SWEC B

SEK 180.30

Sweco

7D

7.7%

1Y

76.4%

INVE A

SEK 302.80

Investor

7D

-1.1%

1Y

48.8%