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Swedish (OMX) Market Analysis & Valuation

UpdatedAug 02, 2024
DataAggregated Company Financials
Companies887
  • 7D-0.6%
  • 3M2.7%
  • 1Y17.0%
  • YTD7.3%

The market has been flat in the last week, however the Materials sector is down 3.3%. Meanwhile, the market is actually up 17% over the past year. Looking forward, earnings are forecast to grow by 16% annually.

Trending IndustriesOil and GasBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 02 Aug 2024SEK 11.5tSEK 6.1tSEK 543.4b23.4x21.2x1.9x
Sun, 30 Jun 2024SEK 11.4tSEK 6.1tSEK 513.8b22.7x22.2x1.9x
Tue, 28 May 2024SEK 11.7tSEK 6.0tSEK 520.3b23.1x22.5x1.9x
Thu, 25 Apr 2024SEK 11.1tSEK 6.1tSEK 555.3b22x20x1.8x
Sat, 23 Mar 2024SEK 11.4tSEK 6.0tSEK 515.1b21.5x22x1.9x
Mon, 19 Feb 2024SEK 10.8tSEK 6.0tSEK 478.2b22.1x22.5x1.8x
Wed, 17 Jan 2024SEK 10.2tSEK 6.0tSEK 441.6b22.2x23.1x1.7x
Fri, 15 Dec 2023SEK 10.4tSEK 6.0tSEK 441.6b20.7x23.6x1.7x
Sun, 12 Nov 2023SEK 9.2tSEK 6.0tSEK 447.7b19.1x20.5x1.5x
Tue, 10 Oct 2023SEK 9.1tSEK 6.0tSEK 493.7b17.4x18.5x1.5x
Thu, 07 Sep 2023SEK 9.5tSEK 6.0tSEK 489.7b18.7x19.4x1.6x
Sat, 05 Aug 2023SEK 9.7tSEK 5.9tSEK 488.2b19.6x19.8x1.6x
Mon, 03 Jul 2023SEK 9.8tSEK 5.7tSEK 411.2b19.1x23.9x1.7x
Wed, 31 May 2023SEK 9.9tSEK 5.6tSEK 411.9b19.3x23.9x1.7x
Fri, 28 Apr 2023SEK 10.1tSEK 5.5tSEK 424.0b19.8x23.9x1.8x
Sun, 26 Mar 2023SEK 8.5tSEK 5.3tSEK 402.9b18.7x21x1.6x
Tue, 21 Feb 2023SEK 9.2tSEK 5.3tSEK 433.3b19.5x21.3x1.7x
Thu, 19 Jan 2023SEK 9.7tSEK 5.1tSEK 504.9b17.2x19.3x1.9x
Sat, 17 Dec 2022SEK 9.1tSEK 5.1tSEK 510.9b15.7x17.9x1.8x
Mon, 14 Nov 2022SEK 9.5tSEK 5.1tSEK 509.8b16.6x18.7x1.9x
Wed, 12 Oct 2022SEK 8.2tSEK 4.9tSEK 570.0b14.7x14.3x1.7x
Fri, 09 Sep 2022SEK 8.9tSEK 4.8tSEK 574.7b15.9x15.4x1.8x
Sun, 07 Aug 2022SEK 9.5tSEK 4.8tSEK 572.3b16.6x16.6x2x
Tue, 05 Jul 2022SEK 8.8tSEK 4.7tSEK 664.0b15.5x13.2x1.9x
Thu, 02 Jun 2022SEK 10.1tSEK 4.7tSEK 662.1b17.6x15.3x2.1x
Sat, 30 Apr 2022SEK 10.2tSEK 4.7tSEK 635.2b19x16.1x2.2x
Mon, 28 Mar 2022SEK 10.9tSEK 4.9tSEK 832.0b19.5x13.1x2.2x
Wed, 23 Feb 2022SEK 10.9tSEK 4.9tSEK 803.7b20.5x13.5x2.2x
Fri, 21 Jan 2022SEK 12.0tSEK 4.7tSEK 678.1b23x17.7x2.6x
Sun, 19 Dec 2021SEK 12.2tSEK 4.7tSEK 674.5b22.9x18.1x2.6x
Tue, 16 Nov 2021SEK 12.8tSEK 4.7tSEK 673.5b24.2x19x2.7x
Thu, 14 Oct 2021SEK 11.4tSEK 4.3tSEK 654.3b23.3x17.5x2.7x
Sat, 11 Sep 2021SEK 11.9tSEK 4.3tSEK 663.7b24.1x17.9x2.8x
Mon, 09 Aug 2021SEK 11.9tSEK 4.3tSEK 666.0b23x17.9x2.8x
Price to Earnings Ratio

17.9x


Total Market Cap: SEK 11.9tTotal 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 optimistic on the Swedish market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 21.2x which is higher than its 3-year average PE 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-0.60%
Energy0.11%
Financials-0.042%
Consumer Staples-0.076%
Real Estate-0.21%
Industrials-0.51%
Tech-0.67%
Consumer Discretionary-0.68%
Telecom-1.20%
Utilities-1.66%
Healthcare-2.40%
Materials-3.29%
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 9.9% 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
EQT EQTSEK 339.402.5%
+SEK 9.8b		40.8%PE114.8xFinancials
ERIC B Telefonaktiebolaget LM EricssonSEK 73.322.1%
+SEK 5.0b		37.9%PS1xTech
SECU B SecuritasSEK 115.755.5%
+SEK 3.4b		30.2%PE43.7xIndustrials
BIOA B BioArcticSEK 166.5014.3%
+SEK 1.8b		-43.8%PS58.3xHealthcare
HEM Hemnet GroupSEK 392.60-0.5%
SEK 1.8b		109.8%PE95.1xTelecom
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Market Insights

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Investing Throughout Semiconductor Market Cycles

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Richard Bowman
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This week we are wrapping up the series with a look at the industries and end-markets that buy all those chips and the underlying causes of industry earnings cycles...

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