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Swedish (OMX) Market Analysis & Valuation

UpdatedOct 20, 2024
DataAggregated Company Financials
Companies877
  • 7D-0.2%
  • 3M-0.6%
  • 1Y28.4%
  • YTD9.1%

The Information Technology sector gained 3.8% while the market remained flat over the last week. More promisingly, the market is up 28% over the past year. Looking forward, 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
Sun, 20 Oct 2024SEK 11.2tSEK 6.0tSEK 559.9b23.7x20.1x1.9x
Tue, 17 Sep 2024SEK 11.6tSEK 6.1tSEK 554.3b23.5x20.8x1.9x
Thu, 15 Aug 2024SEK 11.3tSEK 6.1tSEK 549.2b22.9x20.5x1.8x
Sat, 13 Jul 2024SEK 11.8tSEK 6.1tSEK 507.9b23.9x23.3x2x
Mon, 10 Jun 2024SEK 11.6tSEK 6.0tSEK 512.2b23.3x22.6x1.9x
Wed, 08 May 2024SEK 11.4tSEK 6.1tSEK 564.8b22.9x20.2x1.9x
Fri, 05 Apr 2024SEK 11.3tSEK 6.0tSEK 517.5b21.7x21.9x1.9x
Sun, 03 Mar 2024SEK 11.0tSEK 6.0tSEK 514.6b21.3x21.4x1.8x
Tue, 30 Jan 2024SEK 10.4tSEK 6.0tSEK 477.3b21.7x21.8x1.7x
Thu, 28 Dec 2023SEK 10.6tSEK 6.0tSEK 440.2b22x24x1.8x
Sat, 25 Nov 2023SEK 9.7tSEK 6.0tSEK 445.7b19.5x21.9x1.6x
Mon, 23 Oct 2023SEK 8.9tSEK 6.0tSEK 444.7b17x19.9x1.5x
Wed, 20 Sep 2023SEK 9.3tSEK 6.0tSEK 489.4b18x19.1x1.6x
Fri, 18 Aug 2023SEK 9.3tSEK 5.9tSEK 488.7b19x19.1x1.6x
Sun, 16 Jul 2023SEK 9.7tSEK 5.7tSEK 383.8b18.9x25.2x1.7x
Tue, 13 Jun 2023SEK 10.1tSEK 5.7tSEK 411.5b19.3x24.5x1.8x
Thu, 11 May 2023SEK 9.8tSEK 5.6tSEK 408.4b19.7x24.1x1.8x
Sat, 08 Apr 2023SEK 9.0tSEK 5.3tSEK 421.3b19.3x21.3x1.7x
Mon, 06 Mar 2023SEK 9.3tSEK 5.3tSEK 402.9b19.4x23x1.7x
Wed, 01 Feb 2023SEK 9.0tSEK 5.2tSEK 476.5b17.2x19x1.7x
Fri, 30 Dec 2022SEK 9.3tSEK 5.1tSEK 511.5b15.7x18.1x1.8x
Sun, 27 Nov 2022SEK 9.4tSEK 5.1tSEK 510.3b16.4x18.5x1.9x
Tue, 25 Oct 2022SEK 8.5tSEK 4.9tSEK 552.9b15.1x15.3x1.7x
Thu, 22 Sep 2022SEK 8.5tSEK 4.8tSEK 572.8b15.1x14.9x1.8x
Sat, 20 Aug 2022SEK 9.5tSEK 4.8tSEK 576.4b16.7x16.5x2x
Mon, 18 Jul 2022SEK 8.9tSEK 4.7tSEK 557.8b16.3x16x1.9x
Wed, 15 Jun 2022SEK 9.2tSEK 4.7tSEK 663.2b16.6x13.9x2x
Fri, 13 May 2022SEK 9.6tSEK 4.7tSEK 666.5b17.7x14.4x2x
Sun, 10 Apr 2022SEK 10.9tSEK 4.7tSEK 797.3b19.9x13.6x2.3x
Tue, 08 Mar 2022SEK 10.1tSEK 4.9tSEK 834.8b18.4x12.1x2.1x
Thu, 03 Feb 2022SEK 12.0tSEK 4.8tSEK 783.9b22.7x15.3x2.5x
Sat, 01 Jan 2022SEK 12.9tSEK 4.7tSEK 674.9b23.9x19.1x2.8x
Mon, 29 Nov 2021SEK 12.2tSEK 4.7tSEK 673.4b23.5x18.1x2.6x
Wed, 27 Oct 2021SEK 12.0tSEK 4.3tSEK 652.6b23.6x18.3x2.8x
Price to Earnings Ratio

18.3x


Total Market Cap: SEK 12.0tTotal Earnings: SEK 652.6bTotal 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 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 19.3x.
Past Earnings Growth
  • The earnings for Swedish listed companies have declined 5.0% per year over the last three years.
  • Meanwhile revenues for these companies have grown 11% 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 Market-0.15%
Tech3.83%
Healthcare0.89%
Consumer Discretionary0.78%
Energy0.33%
Telecom0.29%
Consumer Staples0.018%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Financials-0.036%
Industrials-0.60%
Utilities-1.65%
Materials-2.54%
Real Estate-2.99%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 7.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 46.6% which is higher than its past year's earnings decline of 8.3% 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 28% 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
ERIC B Telefonaktiebolaget LM EricssonSEK 89.0214.7%
+SEK 38.0b		80.3%PS1.2xTech
VOLV B AB VolvoSEK 274.302.5%
+SEK 13.4b		25.2%PE10.8xIndustrials
SOBI Swedish Orphan BiovitrumSEK 318.807.7%
+SEK 7.8b		52.5%PE51xHealthcare
SEB A Skandinaviska Enskilda BankenSEK 155.002.3%
+SEK 7.1b		17.2%PB1.5xFinancials
HM B H & M Hennes & MauritzSEK 175.702.3%
+SEK 6.2b		16.9%PE27.9xConsumer Discretionary
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Market Insights

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Lower Rates Increases REITs Appeal

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Richard Bowman
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While those with leverage are happy about the latest interest rate cuts, those looking for yield are less so. Lower interest rates mean lower yields...

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