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Swedish (OMX) Market Analysis & Valuation

UpdatedJul 23, 2024
DataAggregated Company Financials
Companies889
  • 7D0.2%
  • 3M4.6%
  • 1Y14.8%
  • YTD9.3%

Over the last 7 days, the market has remained flat, although notably the Consumer Staples sector gained 5.6% in that time. Meanwhile, the market is actually up 15% over the past year. As for the next few years, earnings are expected to grow by 15% per annum.

Trending IndustriesOil and GasBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Jul 2024SEK 11.7tSEK 6.1tSEK 546.9b23.5x21.5x1.9x
Thu, 20 Jun 2024SEK 11.3tSEK 6.0tSEK 511.3b22.9x22.1x1.9x
Sat, 18 May 2024SEK 11.6tSEK 6.1tSEK 531.9b22.8x21.8x1.9x
Mon, 15 Apr 2024SEK 11.1tSEK 6.0tSEK 523.1b21.9x21.3x1.8x
Wed, 13 Mar 2024SEK 11.2tSEK 6.0tSEK 513.4b20.8x21.8x1.9x
Fri, 09 Feb 2024SEK 10.6tSEK 6.1tSEK 512.6b21.5x20.7x1.7x
Sun, 07 Jan 2024SEK 10.3tSEK 6.0tSEK 440.8b22x23.3x1.7x
Tue, 05 Dec 2023SEK 9.8tSEK 6.0tSEK 442.2b20.3x22.2x1.6x
Thu, 02 Nov 2023SEK 8.9tSEK 6.0tSEK 451.3b17.7x19.8x1.5x
Sat, 30 Sep 2023SEK 9.3tSEK 6.0tSEK 489.2b17.8x18.9x1.6x
Mon, 28 Aug 2023SEK 9.2tSEK 6.0tSEK 489.4b18.5x18.9x1.6x
Wed, 26 Jul 2023SEK 9.9tSEK 5.9tSEK 483.2b19.5x20.4x1.7x
Fri, 23 Jun 2023SEK 9.8tSEK 5.7tSEK 411.8b18.9x23.7x1.7x
Sun, 21 May 2023SEK 10.1tSEK 5.6tSEK 399.2b19.6x25.3x1.8x
Tue, 18 Apr 2023SEK 9.5tSEK 5.3tSEK 409.4b19.9x23.1x1.8x
Thu, 16 Mar 2023SEK 8.6tSEK 5.3tSEK 402.9b18.6x21.3x1.6x
Sat, 11 Feb 2023SEK 9.1tSEK 5.3tSEK 460.7b17.9x19.7x1.7x
Mon, 09 Jan 2023SEK 9.3tSEK 5.1tSEK 505.3b16.2x18.4x1.8x
Wed, 07 Dec 2022SEK 9.4tSEK 5.1tSEK 511.4b16.5x18.4x1.8x
Fri, 04 Nov 2022SEK 8.8tSEK 5.1tSEK 515.4b15.4x17.2x1.7x
Sun, 02 Oct 2022SEK 8.3tSEK 4.9tSEK 569.5b14.4x14.5x1.7x
Tue, 30 Aug 2022SEK 9.0tSEK 4.8tSEK 573.0b16.5x15.7x1.9x
Thu, 28 Jul 2022SEK 9.3tSEK 4.8tSEK 561.5b16.6x16.6x1.9x
Sat, 25 Jun 2022SEK 8.7tSEK 4.7tSEK 662.9b15.8x13.2x1.9x
Mon, 23 May 2022SEK 9.8tSEK 4.7tSEK 662.0b17.4x14.8x2.1x
Wed, 20 Apr 2022SEK 10.7tSEK 4.7tSEK 795.7b20x13.4x2.2x
Fri, 18 Mar 2022SEK 11.1tSEK 4.9tSEK 825.9b20x13.5x2.3x
Sun, 13 Feb 2022SEK 11.6tSEK 4.8tSEK 799.2b22.4x14.6x2.4x
Tue, 11 Jan 2022SEK 12.2tSEK 4.7tSEK 674.8b23.2x18x2.6x
Thu, 09 Dec 2021SEK 12.5tSEK 4.7tSEK 674.7b23.5x18.5x2.7x
Sat, 06 Nov 2021SEK 12.3tSEK 4.7tSEK 673.9b23.6x18.3x2.7x
Mon, 04 Oct 2021SEK 11.3tSEK 4.3tSEK 668.5b22.7x16.9x2.6x
Wed, 01 Sep 2021SEK 11.9tSEK 4.3tSEK 666.0b24.5x17.9x2.8x
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 optimistic on the Swedish market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 21.5x which is higher than its 3-year average PE of 19.1x.
Past Earnings Growth
  • The earnings for Swedish listed companies have declined 6.4% 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?

No data found
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 36.8% 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
VOLV B AB VolvoSEK 286.304.8%
+SEK 26.6b		25.3%PE10.4xIndustrials
ESSITY B EssitySEK 306.3010.1%
+SEK 19.6b		18.5%PE21.5xConsumer Staples
SEB A Skandinaviska Enskilda BankenSEK 163.054.5%
+SEK 14.5b		29.5%PB1.5xFinancials
NDA SE Nordea Bank AbpSEK 125.953.2%
+SEK 13.5b		5.2%PB1.2xFinancials
MTRS Munters GroupSEK 253.8030.5%
+SEK 10.8b		88.0%PE53.7xIndustrials
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This week we are continuing our series on semiconductor chips, AKA integrated circuits (ICs). We previously covered logic and memory ICs, and today we turn to their analog cousins...

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EPI A

SEK 202.50

Epiroc

7D

-5.4%

1Y

-2.6%

Epiroc (STO:EPI A) Will Pay A Dividend Of SEK1.90

Jul 23
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HM B

SEK 167.15

H & M Hennes & Mauritz

7D

-2.6%

1Y

-4.5%

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

Jul 22
H & M Hennes & Mauritz (STO:HM B) Will Pay A Dividend Of SEK3.25

SAAB B

SEK 241.35

Saab

7D

-10.0%

1Y

78.7%

EVO

SEK 1,011.50

Evolution

7D

-13.5%

1Y

-21.2%

Evolution AB (publ) (STO:EVO) Second-Quarter Results: Here's What Analysts Are Forecasting For This Year

Jul 22
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ATCO A

SEK 184.45

Atlas Copco

7D

-8.1%

1Y

23.4%

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

Jul 21
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BOL

SEK 316.80

Boliden

7D

-8.2%

1Y

2.7%

MTRS

SEK 253.80

Munters Group

7D

27.3%

1Y

91.1%

HUSQ B

SEK 74.88

Husqvarna

7D

-17.0%

1Y

-26.6%

TELIA

SEK 31.08

Telia Company

7D

9.1%

1Y

28.2%

ESSITY B

SEK 306.30

Essity

7D

9.5%

1Y

17.7%

VOLV B

SEK 286.30

AB Volvo

7D

3.9%

1Y

25.4%

EQT

SEK 334.00

EQT

7D

-2.5%

1Y

35.1%

SWED A

SEK 223.70

Swedbank

7D

4.6%

1Y

14.0%

Swedbank AB (publ) Just Recorded A 10% EPS Beat: Here's What Analysts Are Forecasting Next

Jul 19
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SHB A

SEK 107.55

Svenska Handelsbanken

7D

5.4%

1Y

16.2%

INVE A

SEK 298.00

Investor

7D

0.9%

1Y

39.1%

NDA SE

SEK 125.95

Nordea Bank Abp

7D

3.7%

1Y

5.2%

Nordea Bank Abp (STO:NDA SE) Just Released Its Second-Quarter Earnings: Here's What Analysts Think

Jul 18
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