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Swedish (OMX) Market Analysis & Valuation

UpdatedAug 18, 2024
DataAggregated Company Financials
Companies885
  • 7D2.3%
  • 3M-3.0%
  • 1Y19.8%
  • YTD6.5%

Over the last 7 days, the market has risen 2.3%, driven by gains of 2.6% in the Industrials sector. In the last year, the market has climbed 20%. 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
Sun, 18 Aug 2024SEK 11.4tSEK 6.1tSEK 548.5b23.1x20.8x1.9x
Tue, 16 Jul 2024SEK 11.7tSEK 6.1tSEK 501.8b23.3x23.3x1.9x
Thu, 13 Jun 2024SEK 11.5tSEK 6.0tSEK 511.3b23.6x22.5x1.9x
Sat, 11 May 2024SEK 11.6tSEK 6.1tSEK 551.5b22.9x21x1.9x
Mon, 08 Apr 2024SEK 11.2tSEK 6.0tSEK 517.7b21.6x21.7x1.9x
Wed, 06 Mar 2024SEK 10.9tSEK 6.0tSEK 513.4b21.3x21.1x1.8x
Fri, 02 Feb 2024SEK 10.6tSEK 6.0tSEK 511.2b21.7x20.7x1.8x
Sun, 31 Dec 2023SEK 10.6tSEK 6.0tSEK 441.0b22.3x24x1.8x
Tue, 28 Nov 2023SEK 9.7tSEK 6.0tSEK 445.5b19.6x21.9x1.6x
Thu, 26 Oct 2023SEK 8.8tSEK 6.0tSEK 448.3b17.3x19.7x1.5x
Sat, 23 Sep 2023SEK 9.3tSEK 6.0tSEK 488.7b18.1x19.1x1.6x
Mon, 21 Aug 2023SEK 9.3tSEK 5.9tSEK 489.6b18.6x19x1.6x
Wed, 19 Jul 2023SEK 9.7tSEK 5.8tSEK 496.7b18.9x19.6x1.7x
Fri, 16 Jun 2023SEK 10.1tSEK 5.6tSEK 411.1b19.7x24.6x1.8x
Sun, 14 May 2023SEK 10.0tSEK 5.6tSEK 402.9b19.4x24.7x1.8x
Tue, 11 Apr 2023SEK 9.0tSEK 5.3tSEK 420.9b19.2x21.3x1.7x
Thu, 09 Mar 2023SEK 9.2tSEK 5.3tSEK 403.6b19.4x22.8x1.7x
Sat, 04 Feb 2023SEK 9.5tSEK 5.2tSEK 477.7b17.9x19.9x1.8x
Mon, 02 Jan 2023SEK 9.1tSEK 5.1tSEK 511.6b15.7x17.8x1.8x
Wed, 30 Nov 2022SEK 9.3tSEK 5.1tSEK 511.0b16.2x18.2x1.8x
Fri, 28 Oct 2022SEK 8.8tSEK 5.0tSEK 537.1b15.7x16.4x1.8x
Sun, 25 Sep 2022SEK 8.2tSEK 4.9tSEK 573.9b14.6x14.3x1.7x
Tue, 23 Aug 2022SEK 9.3tSEK 4.8tSEK 574.9b16.5x16.1x1.9x
Thu, 21 Jul 2022SEK 9.2tSEK 4.7tSEK 558.5b16.6x16.5x2x
Sat, 18 Jun 2022SEK 9.0tSEK 4.7tSEK 662.7b16.3x13.5x1.9x
Mon, 16 May 2022SEK 9.4tSEK 4.7tSEK 662.8b17.7x14.2x2x
Wed, 13 Apr 2022SEK 10.7tSEK 4.7tSEK 794.2b19.8x13.5x2.3x
Fri, 11 Mar 2022SEK 10.4tSEK 4.9tSEK 834.1b19.2x12.5x2.1x
Sun, 06 Feb 2022SEK 11.6tSEK 4.8tSEK 778.9b22.3x14.8x2.4x
Tue, 04 Jan 2022SEK 13.0tSEK 4.7tSEK 674.9b24.4x19.2x2.8x
Thu, 02 Dec 2021SEK 12.5tSEK 4.7tSEK 674.3b24.3x18.5x2.7x
Sat, 30 Oct 2021SEK 11.9tSEK 4.6tSEK 669.6b23.4x17.8x2.6x
Mon, 27 Sep 2021SEK 11.6tSEK 4.3tSEK 664.9b23.3x17.4x2.7x
Wed, 25 Aug 2021SEK 11.9tSEK 4.3tSEK 666.0b23.9x17.9x2.8x
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 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 6.3% 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 Market2.33%
Healthcare4.09%
Tech3.04%
Financials2.81%
Industrials2.57%
Consumer Discretionary1.90%
Consumer Staples1.17%
Materials1.01%
Telecom0.47%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Energy-0.15%
Real Estate-0.18%
Utilities-0.56%
Sector PE
  • Investors favour the Utilities sector the most for future growth which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings decline of 20.0%, which is less 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 Utilities sector is expected to see its earnings decline by 20% 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
INVE A InvestorSEK 296.203.7%
+SEK 32.8b		45.8%PE5xFinancials
ATCO A Atlas CopcoSEK 183.103.7%
+SEK 31.4b		30.5%PE30.4xIndustrials
VOLV B AB VolvoSEK 264.403.3%
+SEK 17.1b		18.3%PE9.6xIndustrials
EQT EQTSEK 331.104.4%
+SEK 16.5b		47.5%PE112.9xFinancials
ERIC B Telefonaktiebolaget LM EricssonSEK 74.305.7%
+SEK 13.4b		38.1%PS1xTech
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Market Insights

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Copper's Long Term Prospects Look Favourable

Richard Bowman avatar
Richard Bowman
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5 comments

This week we are taking a look at the outlook for copper producers, and how to gain exposure if you agree with this narrative.

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The 5 Factors That Drove The Market’s Volatility Last Week
Last Week

The 5 Factors That Drove The Market’s Volatility Last Week

Latest News

TROAX

SEK 219.00

Troax Group

7D

-5.2%

1Y

25.9%

Troax Group AB (publ) Just Missed Earnings - But Analysts Have Updated Their Models

Aug 18
Troax Group AB (publ) Just Missed Earnings - But Analysts Have Updated Their Models

EQT

SEK 331.10

EQT

7D

4.4%

1Y

47.5%

SYSR

SEK 73.00

Systemair

7D

-4.1%

1Y

12.1%

ERIC B

SEK 74.30

Telefonaktiebolaget LM Ericsson

7D

5.7%

1Y

38.1%

EMBRAC B

SEK 22.92

Embracer Group

7D

-5.3%

1Y

-20.2%

FNOX

SEK 54.56

Fortnox

7D

-14.8%

1Y

-8.8%

VOLV B

SEK 264.40

AB Volvo

7D

3.3%

1Y

18.3%

Should You Think About Buying AB Volvo (publ) (STO:VOLV B) Now?

Aug 12
Should You Think About Buying AB Volvo (publ) (STO:VOLV B) Now?

SOBI

SEK 310.40

Swedish Orphan Biovitrum

7D

11.5%

1Y

51.9%

AKEL D

€1.65

Akelius Residential Property

7D

-0.6%

1Y

-10.7%

Akelius Residential Property (STO:AKEL D) Will Pay A Dividend Of €0.025

Aug 06
Akelius Residential Property (STO:AKEL D) Will Pay A Dividend Of €0.025

ATCO A

SEK 183.10

Atlas Copco

7D

3.7%

1Y

30.5%

SAAB B

SEK 257.00

Saab

7D

6.9%

1Y

87.5%

A Look At The Fair Value Of Saab AB (publ) (STO:SAAB B)

Aug 05
A Look At The Fair Value Of Saab AB (publ) (STO:SAAB B)

SSAB A

SEK 51.02

SSAB

7D

-2.3%

1Y

-18.4%

INVE A

SEK 296.20

Investor

7D

3.7%

1Y

45.8%

Investor (STO:INVE A) Will Pay A Dividend Of SEK1.20

Jul 25
Investor (STO:INVE A) Will Pay A Dividend Of SEK1.20

SEB A

SEK 155.50

Skandinaviska Enskilda Banken

7D

3.1%

1Y

23.8%

PNDX B

SEK 190.40

Pandox

7D

-2.1%

1Y

59.9%

BALD B

SEK 80.00

Fastighets AB Balder

7D

-1.9%

1Y

68.0%

Fastighets AB Balder (publ) Just Missed Earnings - But Analysts Have Updated Their Models

Jul 19
Fastighets AB Balder (publ) Just Missed Earnings - But Analysts Have Updated Their Models