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Swedish (OMX) Market Analysis & Valuation

UpdatedSep 14, 2024
DataAggregated Company Financials
Companies882
  • 7D2.5%
  • 3M1.3%
  • 1Y19.4%
  • YTD7.5%

The market is up 2.5% over the last week, with the Industrials sector leading the way, up 3.1%. The market is up 19% over the last 12 months. As for the next few years, earnings are expected to grow by 15% per annum.

Trending IndustriesOil and GasBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 14 Sep 2024SEK 11.6tSEK 6.1tSEK 554.2b23.4x20.8x1.9x
Mon, 12 Aug 2024SEK 11.2tSEK 6.1tSEK 549.3b22.7x20.3x1.8x
Wed, 10 Jul 2024SEK 11.4tSEK 6.0tSEK 506.8b22.8x22.5x1.9x
Fri, 07 Jun 2024SEK 11.6tSEK 6.0tSEK 511.9b23.4x22.6x1.9x
Sun, 05 May 2024SEK 11.2tSEK 6.1tSEK 563.6b22.6x19.8x1.8x
Tue, 02 Apr 2024SEK 11.3tSEK 6.0tSEK 516.5b21.6x21.9x1.9x
Thu, 29 Feb 2024SEK 10.9tSEK 6.0tSEK 488.4b21.1x22.3x1.8x
Sat, 27 Jan 2024SEK 10.4tSEK 6.0tSEK 477.4b21.3x21.8x1.7x
Mon, 25 Dec 2023SEK 10.5tSEK 6.0tSEK 440.2b21.9x23.9x1.7x
Wed, 22 Nov 2023SEK 9.7tSEK 6.0tSEK 445.2b19.2x21.7x1.6x
Fri, 20 Oct 2023SEK 9.0tSEK 6.0tSEK 464.4b17.2x19.4x1.5x
Sun, 17 Sep 2023SEK 9.4tSEK 6.0tSEK 490.0b18.1x19.2x1.6x
Tue, 15 Aug 2023SEK 9.6tSEK 5.9tSEK 488.8b19.4x19.7x1.6x
Thu, 13 Jul 2023SEK 9.8tSEK 5.7tSEK 406.1b19.2x24x1.7x
Sat, 10 Jun 2023SEK 10.1tSEK 5.7tSEK 411.6b19.3x24.6x1.8x
Mon, 08 May 2023SEK 10.1tSEK 5.6tSEK 410.4b20.3x24.5x1.8x
Wed, 05 Apr 2023SEK 9.0tSEK 5.3tSEK 403.0b19.7x22.3x1.7x
Fri, 03 Mar 2023SEK 9.1tSEK 5.3tSEK 402.9b19.4x22.6x1.7x
Sun, 29 Jan 2023SEK 9.1tSEK 5.2tSEK 474.1b17.4x19.2x1.8x
Tue, 27 Dec 2022SEK 9.1tSEK 5.1tSEK 511.7b15.6x17.9x1.8x
Thu, 24 Nov 2022SEK 9.4tSEK 5.1tSEK 511.3b16x18.4x1.8x
Sat, 22 Oct 2022SEK 8.5tSEK 4.9tSEK 553.4b15.1x15.3x1.7x
Mon, 19 Sep 2022SEK 8.7tSEK 4.8tSEK 572.0b15.4x15.2x1.8x
Wed, 17 Aug 2022SEK 9.7tSEK 4.8tSEK 574.8b16.7x17x2x
Fri, 15 Jul 2022SEK 8.9tSEK 4.7tSEK 662.0b16.1x13.4x1.9x
Sun, 12 Jun 2022SEK 9.6tSEK 4.7tSEK 662.7b17.4x14.5x2x
Tue, 10 May 2022SEK 9.3tSEK 4.7tSEK 666.7b17.5x13.9x2x
Thu, 07 Apr 2022SEK 10.9tSEK 4.8tSEK 813.8b20.1x13.4x2.3x
Sat, 05 Mar 2022SEK 10.1tSEK 4.9tSEK 834.7b18.7x12.1x2.1x
Mon, 31 Jan 2022SEK 11.4tSEK 4.8tSEK 786.4b22x14.5x2.4x
Wed, 29 Dec 2021SEK 12.9tSEK 4.7tSEK 674.8b24x19.1x2.7x
Fri, 26 Nov 2021SEK 12.7tSEK 4.7tSEK 672.6b24.1x18.8x2.7x
Sun, 24 Oct 2021SEK 12.0tSEK 4.3tSEK 647.2b23.7x18.5x2.8x
Tue, 21 Sep 2021SEK 11.4tSEK 4.3tSEK 664.7b23.1x17.2x2.7x
Price to Earnings Ratio

17.2x


Total Market Cap: SEK 11.4tTotal Earnings: SEK 664.7bTotal Revenue: SEK 4.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 19.2x202220232024
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 19.2x.
Past Earnings Growth
  • The earnings for Swedish listed companies have declined 5.9% 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 Market2.48%
Energy25.64%
Utilities4.12%
Industrials3.14%
Materials2.62%
Healthcare2.60%
Consumer Discretionary2.27%
Real Estate2.21%
Financials2.21%
Tech2.12%
Consumer Staples1.57%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Telecom-0.64%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth, which is trading close to its 3-year average PE ratio of 26.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 11.4%, which is higher than its past year's earnings growth of 9.0% 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 19% per year.
  • 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
EQT EQTSEK 347.409.5%
+SEK 35.6b		64.5%PE120.3xFinancials
ATCO A Atlas CopcoSEK 179.854.2%
+SEK 35.3b		20.9%PE29.8xIndustrials
INVE A InvestorSEK 300.402.7%
+SEK 23.9b		40.9%PE5.1xFinancials
ALFA Alfa LavalSEK 463.206.9%
+SEK 12.4b		24.0%PE28.6xIndustrials
HM B H & M Hennes & MauritzSEK 165.404.8%
+SEK 12.2b		3.7%PE23.9xConsumer Discretionary
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