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Swedish (OMX) Market Analysis & Valuation

UpdatedNov 01, 2024
DataAggregated Company Financials
Companies878
  • 7D1.0%
  • 3M1.2%
  • 1Y25.9%
  • YTD9.8%

The market has climbed 1.0% in the last 7 days, lead by the Consumer Discretionary sector with a gain of 5.8%. As for the past 12 months, the market is up 26%. 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, 01 Nov 2024SEK 11.0tSEK 5.9tSEK 571.7b23.2x19.3x1.9x
Sun, 29 Sep 2024SEK 12.0tSEK 6.1tSEK 552.2b23.9x21.7x2x
Tue, 27 Aug 2024SEK 11.6tSEK 6.1tSEK 549.2b23.4x21.2x1.9x
Thu, 25 Jul 2024SEK 11.6tSEK 6.1tSEK 545.5b23.1x21.3x1.9x
Sat, 22 Jun 2024SEK 11.4tSEK 6.0tSEK 511.5b23x22.4x1.9x
Mon, 20 May 2024SEK 11.6tSEK 6.1tSEK 531.7b22.7x21.8x1.9x
Wed, 17 Apr 2024SEK 11.2tSEK 6.0tSEK 523.3b22.2x21.4x1.9x
Fri, 15 Mar 2024SEK 11.2tSEK 6.0tSEK 513.9b20.8x21.8x1.9x
Sun, 11 Feb 2024SEK 10.5tSEK 6.0tSEK 499.9b21.3x21.1x1.8x
Tue, 09 Jan 2024SEK 10.4tSEK 6.0tSEK 440.7b22.4x23.6x1.7x
Thu, 07 Dec 2023SEK 10.0tSEK 6.0tSEK 442.0b20.4x22.7x1.7x
Sat, 04 Nov 2023SEK 9.2tSEK 6.0tSEK 448.6b18.4x20.5x1.5x
Mon, 02 Oct 2023SEK 9.3tSEK 6.0tSEK 489.3b17.8x19x1.6x
Wed, 30 Aug 2023SEK 9.4tSEK 6.0tSEK 488.7b18.3x19.3x1.6x
Fri, 28 Jul 2023SEK 9.8tSEK 5.9tSEK 483.4b19.6x20.3x1.7x
Sun, 25 Jun 2023SEK 9.8tSEK 5.7tSEK 411.6b18.9x23.7x1.7x
Tue, 23 May 2023SEK 10.1tSEK 5.6tSEK 399.5b19.7x25.3x1.8x
Thu, 20 Apr 2023SEK 9.4tSEK 5.3tSEK 408.1b20x23.1x1.8x
Sat, 18 Mar 2023SEK 8.5tSEK 5.3tSEK 402.7b18.6x21.2x1.6x
Mon, 13 Feb 2023SEK 9.1tSEK 5.3tSEK 454.8b18.4x20x1.7x
Wed, 11 Jan 2023SEK 9.5tSEK 5.1tSEK 505.5b16.5x18.8x1.9x
Fri, 09 Dec 2022SEK 9.3tSEK 5.1tSEK 511.5b16x18.2x1.8x
Sun, 06 Nov 2022SEK 8.9tSEK 5.1tSEK 509.1b15.5x17.4x1.8x
Tue, 04 Oct 2022SEK 8.3tSEK 4.9tSEK 569.1b14.7x14.6x1.7x
Thu, 01 Sep 2022SEK 9.0tSEK 4.8tSEK 573.3b16.5x15.6x1.9x
Sat, 30 Jul 2022SEK 9.7tSEK 4.8tSEK 561.8b17x17.3x2x
Mon, 27 Jun 2022SEK 8.7tSEK 4.7tSEK 663.2b15.8x13.2x1.9x
Wed, 25 May 2022SEK 9.8tSEK 4.7tSEK 662.1b16.9x14.8x2.1x
Fri, 22 Apr 2022SEK 10.7tSEK 4.7tSEK 797.7b20.2x13.5x2.3x
Sun, 20 Mar 2022SEK 11.3tSEK 4.9tSEK 825.9b20.3x13.7x2.3x
Tue, 15 Feb 2022SEK 11.3tSEK 4.8tSEK 798.5b21.7x14.2x2.3x
Thu, 13 Jan 2022SEK 12.4tSEK 4.7tSEK 674.5b23.8x18.4x2.6x
Sat, 11 Dec 2021SEK 12.5tSEK 4.7tSEK 674.6b23.3x18.5x2.7x
Mon, 08 Nov 2021SEK 12.4tSEK 4.7tSEK 670.7b23.5x18.4x2.7x
Price to Earnings Ratio

18.4x


Total Market Cap: SEK 12.4tTotal Earnings: SEK 670.7bTotal Revenue: SEK 4.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 19.4x202220232024
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 19.4x.
Past Earnings Growth
  • The earnings for Swedish listed companies have declined 5.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.5% 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 Market1.04%
Consumer Discretionary5.80%
Tech3.41%
Industrials0.45%
Healthcare0.39%
Energy0.21%
Utilities0.068%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Materials-0.79%
Real Estate-0.86%
Financials-1.05%
Telecom-1.25%
Consumer Staples-4.43%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 8.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 45.6%, which is higher than its past year's earnings growth of 13.0% 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 20% per year.
  • In contrast, the Financials sector is expected to see its earnings decline by 18% 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
BETS B BetssonSEK 138.928.8%
+SEK 1.7t		24.1%PE864xConsumer Discretionary
VOLV B AB VolvoSEK 277.602.5%
+SEK 13.6b		27.7%PE10.9xIndustrials
EVO EvolutionSEK 1.01k5.5%
+SEK 10.9b		1.7%PE15.6xConsumer Discretionary
HEXA B HexagonSEK 103.602.8%
+SEK 7.5b		14.8%PE23.8xTech
SOBI Swedish Orphan BiovitrumSEK 340.804.7%
+SEK 5.3b		45.6%PE33.3xHealthcare
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