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Swedish (OMX) Market Analysis & Valuation

UpdatedAug 19, 2024
DataAggregated Company Financials
Companies885
  • 7D2.4%
  • 3M-2.9%
  • 1Y20.6%
  • YTD6.5%

The market has climbed 2.4% in the last 7 days, lead by the Industrials sector with a gain of 2.5%. As for the past 12 months, the market is up 21%. 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
Mon, 19 Aug 2024SEK 11.4tSEK 6.1tSEK 548.2b23.1x20.8x1.9x
Wed, 17 Jul 2024SEK 11.8tSEK 6.1tSEK 502.6b23.3x23.4x1.9x
Fri, 14 Jun 2024SEK 11.7tSEK 6.0tSEK 511.3b23x22.9x1.9x
Sun, 12 May 2024SEK 11.6tSEK 6.1tSEK 551.5b22.9x21x1.9x
Tue, 09 Apr 2024SEK 11.3tSEK 6.0tSEK 517.3b21.7x21.9x1.9x
Thu, 07 Mar 2024SEK 10.9tSEK 6.0tSEK 513.1b21x21.3x1.8x
Sat, 03 Feb 2024SEK 10.4tSEK 6.0tSEK 502.0b21.5x20.8x1.7x
Mon, 01 Jan 2024SEK 10.6tSEK 6.0tSEK 441.0b22.3x24x1.8x
Wed, 29 Nov 2023SEK 9.7tSEK 6.0tSEK 443.5b19.7x21.8x1.6x
Fri, 27 Oct 2023SEK 8.8tSEK 6.0tSEK 451.7b17.3x19.5x1.5x
Sun, 24 Sep 2023SEK 9.3tSEK 6.0tSEK 488.7b18.1x19.1x1.6x
Tue, 22 Aug 2023SEK 9.3tSEK 5.9tSEK 489.9b18.4x19x1.6x
Thu, 20 Jul 2023SEK 9.7tSEK 5.9tSEK 507.7b19.3x19.2x1.7x
Sat, 17 Jun 2023SEK 10.1tSEK 5.7tSEK 411.4b19.3x24.6x1.8x
Mon, 15 May 2023SEK 10.0tSEK 5.6tSEK 402.9b19.4x24.7x1.8x
Wed, 12 Apr 2023SEK 9.1tSEK 5.3tSEK 420.9b19.5x21.6x1.7x
Fri, 10 Mar 2023SEK 9.1tSEK 5.3tSEK 403.3b19.2x22.7x1.7x
Sun, 05 Feb 2023SEK 9.5tSEK 5.2tSEK 477.7b17.9x19.9x1.8x
Tue, 03 Jan 2023SEK 9.3tSEK 5.1tSEK 511.5b15.7x18.1x1.8x
Thu, 01 Dec 2022SEK 9.3tSEK 5.1tSEK 511.5b16x18.2x1.8x
Sat, 29 Oct 2022SEK 8.8tSEK 5.1tSEK 530.2b15.6x16.6x1.7x
Mon, 26 Sep 2022SEK 8.2tSEK 4.9tSEK 573.9b14.6x14.3x1.7x
Wed, 24 Aug 2022SEK 9.2tSEK 4.8tSEK 573.6b16.6x16x1.9x
Fri, 22 Jul 2022SEK 9.3tSEK 4.7tSEK 564.6b16.4x16.5x2x
Sun, 19 Jun 2022SEK 9.0tSEK 4.7tSEK 663.1b16.2x13.6x1.9x
Tue, 17 May 2022SEK 9.8tSEK 4.7tSEK 663.0b17.8x14.8x2.1x
Thu, 14 Apr 2022SEK 10.7tSEK 4.7tSEK 794.4b19.7x13.5x2.3x
Sat, 12 Mar 2022SEK 10.6tSEK 4.9tSEK 818.9b19.4x12.9x2.2x
Mon, 07 Feb 2022SEK 11.6tSEK 4.8tSEK 781.1b22.8x14.8x2.4x
Wed, 05 Jan 2022SEK 13.0tSEK 4.7tSEK 674.7b23.9x19.2x2.8x
Fri, 03 Dec 2021SEK 12.3tSEK 4.7tSEK 674.1b23.6x18.3x2.6x
Sun, 31 Oct 2021SEK 11.9tSEK 4.6tSEK 673.6b23.1x17.7x2.6x
Tue, 28 Sep 2021SEK 11.5tSEK 4.3tSEK 664.9b23x17.3x2.7x
Thu, 26 Aug 2021SEK 11.9tSEK 4.3tSEK 666.0b24.2x17.8x2.8x
Price to Earnings Ratio

17.8x


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 Market2.38%
Healthcare4.61%
Financials2.91%
Tech2.65%
Industrials2.50%
Consumer Discretionary2.27%
Consumer Staples1.63%
Telecom0.46%
Materials0.44%
Real Estate0.31%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Utilities-0.15%
Energy-0.31%
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 296.203.8%
+SEK 33.1b		45.8%PE5xFinancials
ATCO A Atlas CopcoSEK 183.103.4%
+SEK 29.0b		29.5%PE30.4xIndustrials
VOLV B AB VolvoSEK 264.403.4%
+SEK 17.7b		18.7%PE9.6xIndustrials
EQT EQTSEK 331.104.6%
+SEK 17.1b		48.9%PE112.9xFinancials
SOBI Swedish Orphan BiovitrumSEK 310.4014.7%
+SEK 13.6b		51.3%PE49.6xHealthcare
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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

ATCO A

SEK 183.10

Atlas Copco

7D

3.4%

1Y

29.5%

Atlas Copco (STO:ATCO A) Is Due To Pay A Dividend Of SEK1.40

Aug 19
Atlas Copco (STO:ATCO A) Is Due To Pay A Dividend Of SEK1.40

TROAX

SEK 219.00

Troax Group

7D

-4.8%

1Y

30.4%

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

4.6%

1Y

48.9%

ERIC B

SEK 74.30

Telefonaktiebolaget LM Ericsson

7D

4.5%

1Y

39.0%

EMBRAC B

SEK 22.92

Embracer Group

7D

-4.4%

1Y

-14.8%

ADDT B

SEK 319.40

Addtech AB (publ.)

7D

-1.6%

1Y

77.1%

FNOX

SEK 54.56

Fortnox

7D

-14.5%

1Y

-7.4%

MCOV B

SEK 180.00

Medicover

7D

-2.1%

1Y

19.0%

VOLV B

SEK 264.40

AB Volvo

7D

3.4%

1Y

18.7%

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

14.7%

1Y

51.3%

SAND

SEK 208.90

Sandvik

7D

3.1%

1Y

4.0%

Is Sandvik (STO:SAND) A Risky Investment?

Aug 06
Is Sandvik (STO:SAND) A Risky Investment?

AKEL D

€1.65

Akelius Residential Property

7D

-1.1%

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

SSAB A

SEK 51.02

SSAB

7D

-1.6%

1Y

-17.8%

INVE A

SEK 296.20

Investor

7D

3.8%

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

3.2%

1Y

24.5%

BALD B

SEK 80.00

Fastighets AB Balder

7D

-0.6%

1Y

73.6%

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