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Swedish (OMX) Market Analysis & Valuation

UpdatedSep 30, 2024
DataAggregated Company Financials
Companies881
  • 7D1.8%
  • 3M4.4%
  • 1Y24.5%
  • YTD11.4%

The market is up 1.9% over the last week, with the Industrials sector leading the way, up 3.9%. As for the past 12 months, the market is up 24%. Earnings are forecast to grow by 15% annually.

Trending IndustriesOil and GasBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 30 Sep 2024SEK 12.0tSEK 6.1tSEK 552.2b23.9x21.7x2x
Wed, 28 Aug 2024SEK 11.6tSEK 6.1tSEK 549.4b23x21.1x1.9x
Fri, 26 Jul 2024SEK 11.6tSEK 6.1tSEK 544.6b22.9x21.3x1.9x
Sun, 23 Jun 2024SEK 11.4tSEK 6.0tSEK 511.5b23x22.4x1.9x
Tue, 21 May 2024SEK 11.7tSEK 6.1tSEK 531.5b23x22.1x1.9x
Thu, 18 Apr 2024SEK 11.0tSEK 6.0tSEK 525.7b21.9x21x1.8x
Sat, 16 Mar 2024SEK 11.2tSEK 6.0tSEK 514.2b21.1x21.9x1.9x
Mon, 12 Feb 2024SEK 10.5tSEK 6.0tSEK 499.9b21.3x21.1x1.8x
Wed, 10 Jan 2024SEK 10.3tSEK 6.0tSEK 440.7b22.5x23.5x1.7x
Fri, 08 Dec 2023SEK 10.0tSEK 6.0tSEK 441.6b20.4x22.7x1.7x
Sun, 05 Nov 2023SEK 9.2tSEK 6.0tSEK 446.9b18.5x20.6x1.5x
Tue, 03 Oct 2023SEK 9.3tSEK 6.0tSEK 489.5b17.9x18.9x1.6x
Thu, 31 Aug 2023SEK 9.4tSEK 5.9tSEK 489.3b18.5x19.2x1.6x
Sat, 29 Jul 2023SEK 9.8tSEK 5.9tSEK 484.1b19.6x20.3x1.7x
Mon, 26 Jun 2023SEK 9.8tSEK 5.7tSEK 411.6b18.9x23.7x1.7x
Wed, 24 May 2023SEK 10.0tSEK 5.6tSEK 399.8b19.8x25.1x1.8x
Fri, 21 Apr 2023SEK 9.4tSEK 5.4tSEK 413.8b19.9x22.7x1.7x
Sun, 19 Mar 2023SEK 8.0tSEK 5.2tSEK 366.8b19.6x21.9x1.5x
Tue, 14 Feb 2023SEK 9.2tSEK 5.3tSEK 451.1b18.7x20.5x1.8x
Thu, 12 Jan 2023SEK 9.6tSEK 5.1tSEK 505.8b16.5x19x1.9x
Sat, 10 Dec 2022SEK 9.4tSEK 5.1tSEK 511.3b16.2x18.5x1.9x
Mon, 07 Nov 2022SEK 8.9tSEK 5.1tSEK 509.0b15.6x17.4x1.8x
Wed, 05 Oct 2022SEK 8.6tSEK 4.9tSEK 568.8b15.1x15.2x1.8x
Fri, 02 Sep 2022SEK 8.7tSEK 4.8tSEK 573.5b16.2x15.2x1.8x
Sun, 31 Jul 2022SEK 9.7tSEK 4.8tSEK 561.9b17.1x17.3x2x
Tue, 28 Jun 2022SEK 9.0tSEK 4.7tSEK 663.1b15.7x13.6x1.9x
Thu, 26 May 2022SEK 9.7tSEK 4.7tSEK 656.0b17.1x14.8x2x
Sat, 23 Apr 2022SEK 10.6tSEK 4.6tSEK 631.4b19.9x16.7x2.3x
Mon, 21 Mar 2022SEK 11.3tSEK 4.9tSEK 826.7b20.3x13.6x2.3x
Wed, 16 Feb 2022SEK 11.6tSEK 4.8tSEK 799.0b22.2x14.5x2.4x
Fri, 14 Jan 2022SEK 12.4tSEK 4.7tSEK 674.5b23.6x18.3x2.6x
Sun, 12 Dec 2021SEK 12.5tSEK 4.7tSEK 674.6b23.3x18.5x2.7x
Tue, 09 Nov 2021SEK 12.4tSEK 4.7tSEK 671.0b24x18.4x2.7x
Thu, 07 Oct 2021SEK 11.1tSEK 4.3tSEK 668.5b22.5x16.6x2.6x
Price to Earnings Ratio

16.6x


Total Market Cap: SEK 11.1tTotal Earnings: SEK 668.5bTotal Revenue: SEK 4.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 19.3x202220232024
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 21.7x which is higher than its 3-year average PE of 19.3x.
Past Earnings Growth
  • The earnings for Swedish listed companies have declined 6.2% 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 Market1.84%
Materials6.57%
Tech3.79%
Industrials3.50%
Real Estate1.94%
Consumer Discretionary1.08%
Healthcare1.07%
Utilities0.68%
Consumer Staples0.21%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Financials-0.73%
Telecom-1.13%
Energy-2.13%
Sector PE
  • Investors favour the Industrials sector the most for future growth, which is trading close to its 3-year average PE ratio of 22.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 12.8% which is higher than its past year's earnings decline of 4.9% 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 better than its past earnings growth rate of 19% per year.
  • In contrast, the Financials sector is expected to see its earnings decline by 14% 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
ATCO A Atlas CopcoSEK 198.058.5%
+SEK 75.6b		34.5%PE32.8xIndustrials
EPI A EpirocSEK 219.1011.8%
+SEK 27.9b		5.3%PE31xIndustrials
HEXA B HexagonSEK 110.558.4%
+SEK 23.1b		18.4%PE30.7xTech
VOLV B AB VolvoSEK 272.504.2%
+SEK 22.4b		20.8%PE9.9xIndustrials
SAND SandvikSEK 228.606.4%
+SEK 17.2b		13.4%PE22.3xIndustrials
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🎢 Another Eventful 3 Months - The Sectors That Excelled In Q3

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It’s the end of another quarter, and it’s been an eventful one, too. In fact, we’ve had a bit of everything during the quarter: Increased volatility...

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🌍 Global Diversification And Home Country Bias
Last Week

🌍 Global Diversification And Home Country Bias

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HM B

SEK 171.40

H & M Hennes & Mauritz

7D

-4.6%

1Y

10.3%

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VOLV B

SEK 272.50

AB Volvo

7D

4.2%

1Y

20.8%

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Sep 29
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VOLCAR B

SEK 28.95

Volvo Car AB (publ.)

7D

16.5%

1Y

-34.9%

NIBE B

SEK 56.18

NIBE Industrier

7D

15.5%

1Y

-21.8%

SWED A

SEK 217.40

Swedbank

7D

-1.2%

1Y

8.0%

EQT

SEK 348.30

EQT

7D

-4.6%

1Y

60.6%

TELIA

SEK 32.62

Telia Company

7D

-3.6%

1Y

44.5%

SAND

SEK 228.60

Sandvik

7D

6.4%

1Y

13.4%

SHB A

SEK 104.75

Svenska Handelsbanken

7D

-1.9%

1Y

7.4%

ATCO A

SEK 198.05

Atlas Copco

7D

8.5%

1Y

34.5%

SAAB B

SEK 217.25

Saab

7D

-5.7%

1Y

56.1%

Is Saab (STO:SAAB B) Using Too Much Debt?

Sep 19
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NDA SE

SEK 120.15

Nordea Bank Abp

7D

-1.6%

1Y

0.03%

HEXA B

SEK 110.55

Hexagon

7D

8.4%

1Y

18.4%

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Sep 06
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EPI A

SEK 219.10

Epiroc

7D

11.8%

1Y

5.3%

BOL

SEK 344.10

Boliden

7D

12.8%

1Y

9.4%

Boliden AB (publ)'s (STO:BOL) Shares Lagging The Market But So Is The Business

Aug 29
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LATO B

SEK 314.30

Investment AB Latour

7D

-3.0%

1Y

63.1%