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Swedish (OMX) Market Analysis & Valuation

UpdatedAug 03, 2024
DataAggregated Company Financials
Companies887
  • 7D-4.2%
  • 3M-0.5%
  • 1Y12.5%
  • YTD3.9%

Over the last 7 days, the market has dropped 4.2%, driven by a loss of 4.9% in the Industrials sector. In the last year, the market is actually up 12%. 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
Sat, 03 Aug 2024SEK 11.2tSEK 6.1tSEK 543.3b22.7x20.5x1.8x
Mon, 01 Jul 2024SEK 11.4tSEK 6.1tSEK 513.8b22.6x22.2x1.9x
Wed, 29 May 2024SEK 11.6tSEK 6.0tSEK 512.6b23x22.7x1.9x
Fri, 26 Apr 2024SEK 11.0tSEK 6.1tSEK 558.2b21.9x19.7x1.8x
Sun, 24 Mar 2024SEK 11.4tSEK 6.0tSEK 515.1b21.5x22x1.9x
Tue, 20 Feb 2024SEK 10.8tSEK 6.0tSEK 478.2b22.1x22.6x1.8x
Thu, 18 Jan 2024SEK 10.1tSEK 6.0tSEK 441.7b21.5x22.8x1.7x
Sat, 16 Dec 2023SEK 10.5tSEK 6.0tSEK 441.4b20.8x23.8x1.7x
Mon, 13 Nov 2023SEK 9.2tSEK 6.0tSEK 447.7b19.1x20.5x1.5x
Wed, 11 Oct 2023SEK 9.4tSEK 6.0tSEK 493.2b17.6x19x1.6x
Fri, 08 Sep 2023SEK 9.4tSEK 6.0tSEK 489.4b18.3x19.2x1.6x
Sun, 06 Aug 2023SEK 9.7tSEK 5.9tSEK 488.2b19.6x19.8x1.6x
Tue, 04 Jul 2023SEK 9.8tSEK 5.7tSEK 411.6b18.9x23.8x1.7x
Thu, 01 Jun 2023SEK 9.8tSEK 5.6tSEK 411.5b19.1x23.8x1.7x
Sat, 29 Apr 2023SEK 10.2tSEK 5.6tSEK 433.0b19.6x23.5x1.8x
Mon, 27 Mar 2023SEK 8.5tSEK 5.3tSEK 403.0b18.7x21x1.6x
Wed, 22 Feb 2023SEK 9.1tSEK 5.3tSEK 432.8b19.4x21.1x1.7x
Fri, 20 Jan 2023SEK 9.5tSEK 5.1tSEK 498.4b16.9x19.1x1.9x
Sun, 18 Dec 2022SEK 9.1tSEK 5.1tSEK 510.9b15.7x17.9x1.8x
Tue, 15 Nov 2022SEK 9.5tSEK 5.1tSEK 510.3b16.4x18.6x1.9x
Thu, 13 Oct 2022SEK 8.1tSEK 4.9tSEK 569.9b14.6x14.3x1.7x
Sat, 10 Sep 2022SEK 9.0tSEK 4.8tSEK 573.3b16.2x15.7x1.9x
Mon, 08 Aug 2022SEK 9.5tSEK 4.8tSEK 572.4b16.6x16.6x2x
Wed, 06 Jul 2022SEK 8.7tSEK 4.7tSEK 664.1b15.5x13.1x1.8x
Fri, 03 Jun 2022SEK 10.1tSEK 4.7tSEK 662.1b17.6x15.3x2.1x
Sun, 01 May 2022SEK 10.2tSEK 4.7tSEK 635.2b19x16.1x2.2x
Tue, 29 Mar 2022SEK 10.9tSEK 4.9tSEK 828.3b19.8x13.2x2.2x
Thu, 24 Feb 2022SEK 10.9tSEK 4.9tSEK 803.7b20.3x13.5x2.2x
Sat, 22 Jan 2022SEK 11.7tSEK 4.7tSEK 678.7b22.4x17.3x2.5x
Mon, 20 Dec 2021SEK 12.2tSEK 4.7tSEK 674.4b22.9x18.1x2.6x
Wed, 17 Nov 2021SEK 12.8tSEK 4.7tSEK 673.5b24.2x19x2.7x
Fri, 15 Oct 2021SEK 11.6tSEK 4.3tSEK 654.0b23.4x17.7x2.7x
Sun, 12 Sep 2021SEK 11.9tSEK 4.3tSEK 663.7b24.1x17.9x2.8x
Tue, 10 Aug 2021SEK 12.0tSEK 4.3tSEK 666.0b23.2x18x2.8x
Price to Earnings Ratio

18x


Total Market Cap: SEK 12.0tTotal Earnings: SEK 666.0bTotal Revenue: SEK 4.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 19.1x202220232024
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 19.1x.
Past Earnings Growth
  • The earnings for Swedish listed companies have declined 6.6% per year over the last three years.
  • Meanwhile revenues for these companies have grown 12% 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-4.24%
Real Estate0.40%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Consumer Staples-0.56%
Utilities-1.68%
Telecom-2.94%
Materials-3.57%
Tech-3.77%
Healthcare-3.96%
Consumer Discretionary-4.07%
Energy-4.28%
Industrials-4.92%
Financials-5.40%
Sector PE
  • Investors favour the Utilities 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 37.2% which is higher than its past year's earnings decline of 43.2% 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 roughly in line with its past earnings growth rate.
  • In contrast, the Financials sector is expected to see its earnings decline by 10% 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
SECU B SecuritasSEK 114.254.1%
+SEK 2.6b		28.5%PE43.1xIndustrials
SAGA A AB SagaxSEK 270.001.5%
+SEK 1.9b		16.9%PE55.5xReal Estate
BALD B Fastighets AB BalderSEK 80.741.9%
+SEK 1.8b		66.1%PS7.6xReal Estate
CAST CastellumSEK 137.502.7%
+SEK 1.8b		16.9%PS6.4xReal Estate
TEL2 B Tele2SEK 112.002.2%
+SEK 1.7b		46.4%PE20.7xTelecom
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1Y

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BIOA B

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ASSA B

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EPI A

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FABG

SEK 91.35

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1Y

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TEL2 B

SEK 112.00

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SAGA A

SEK 270.00

AB Sagax

7D

1.5%

1Y

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SEB A

SEK 152.00

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1Y

20.6%

ATRLJ B

SEK 237.50

Atrium Ljungberg

7D

2.4%

1Y

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VOLV B

SEK 259.50

AB Volvo

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1Y

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BALD B

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CAST

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Castellum

7D

2.7%

1Y

16.9%