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Swedish (OMX) Market Analysis & Valuation

UpdatedOct 28, 2024
DataAggregated Company Financials
Companies878
  • 7D0.05%
  • 3M-0.7%
  • 1Y28.1%
  • YTD8.2%

Over the last 7 days, the market has remained flat, although notably the Information Technology sector gained 3.1% in that time. As for the longer term, the market has risen 28% in the past 12 months. As for the next few years, earnings are expected to grow by 16% per annum.

Trending IndustriesOil and GasBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 28 Oct 2024SEK 11.1tSEK 6.0tSEK 572.6b23.3x19.4x1.9x
Wed, 25 Sep 2024SEK 11.7tSEK 6.1tSEK 553.7b23.8x21.2x1.9x
Fri, 23 Aug 2024SEK 11.5tSEK 6.1tSEK 547.9b22.9x21x1.9x
Sun, 21 Jul 2024SEK 11.6tSEK 6.1tSEK 546.4b23x21.3x1.9x
Tue, 18 Jun 2024SEK 11.3tSEK 6.0tSEK 511.3b23x22.2x1.9x
Thu, 16 May 2024SEK 11.8tSEK 6.1tSEK 534.0b23.1x22.1x1.9x
Sat, 13 Apr 2024SEK 11.1tSEK 6.0tSEK 523.3b21.9x21.3x1.8x
Mon, 11 Mar 2024SEK 11.1tSEK 6.0tSEK 513.2b20.6x21.6x1.8x
Wed, 07 Feb 2024SEK 10.5tSEK 6.0tSEK 509.2b21.6x20.7x1.7x
Fri, 05 Jan 2024SEK 10.4tSEK 6.0tSEK 440.5b22.1x23.6x1.7x
Sun, 03 Dec 2023SEK 9.8tSEK 6.0tSEK 442.0b20.4x22.2x1.6x
Tue, 31 Oct 2023SEK 8.8tSEK 6.0tSEK 449.7b17.8x19.6x1.5x
Thu, 28 Sep 2023SEK 9.1tSEK 6.0tSEK 486.9b17.7x18.8x1.5x
Sat, 26 Aug 2023SEK 9.2tSEK 6.0tSEK 489.5b18.5x18.9x1.6x
Mon, 24 Jul 2023SEK 9.7tSEK 5.9tSEK 486.4b19.3x20x1.6x
Wed, 21 Jun 2023SEK 9.9tSEK 5.7tSEK 412.3b19.1x24.1x1.8x
Fri, 19 May 2023SEK 9.9tSEK 5.6tSEK 401.0b19.3x24.8x1.8x
Sun, 16 Apr 2023SEK 9.3tSEK 5.3tSEK 409.8b19.9x22.7x1.7x
Tue, 14 Mar 2023SEK 8.8tSEK 5.3tSEK 403.9b18.7x21.7x1.7x
Thu, 09 Feb 2023SEK 9.3tSEK 5.2tSEK 468.0b17.9x19.9x1.8x
Sat, 07 Jan 2023SEK 9.3tSEK 5.1tSEK 505.3b16.2x18.4x1.8x
Mon, 05 Dec 2022SEK 9.5tSEK 5.1tSEK 502.2b16.4x18.9x1.9x
Wed, 02 Nov 2022SEK 8.8tSEK 5.1tSEK 529.8b15.5x16.7x1.7x
Fri, 30 Sep 2022SEK 8.1tSEK 4.9tSEK 573.9b14.2x14x1.7x
Sun, 28 Aug 2022SEK 9.0tSEK 4.8tSEK 572.7b16.6x15.8x1.9x
Tue, 26 Jul 2022SEK 9.4tSEK 4.8tSEK 561.2b16.7x16.7x2x
Thu, 23 Jun 2022SEK 9.0tSEK 4.7tSEK 662.8b16x13.6x1.9x
Sat, 21 May 2022SEK 9.8tSEK 4.7tSEK 661.6b17.6x14.8x2.1x
Mon, 18 Apr 2022SEK 10.7tSEK 4.7tSEK 795.6b20x13.5x2.3x
Wed, 16 Mar 2022SEK 10.6tSEK 4.9tSEK 826.3b19.1x12.9x2.2x
Fri, 11 Feb 2022SEK 43.4tSEK 4.8tSEK 784.9b22.5x55.3x9x
Sun, 09 Jan 2022SEK 12.6tSEK 4.7tSEK 674.7b23.5x18.6x2.7x
Tue, 07 Dec 2021SEK 12.2tSEK 4.7tSEK 674.5b23x18x2.6x
Thu, 04 Nov 2021SEK 12.1tSEK 4.6tSEK 673.9b23.6x18x2.6x
Price to Earnings Ratio

18x


Total Market Cap: SEK 12.1tTotal Earnings: SEK 673.9bTotal Revenue: SEK 4.6tTotal 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 5.3% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.6% 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 Market0.052%
Tech3.11%
Materials2.66%
Consumer Discretionary2.46%
Healthcare0.35%
Financials0.26%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Energy-0.46%
Industrials-0.53%
Utilities-1.00%
Telecom-1.12%
Real Estate-2.15%
Consumer Staples-4.57%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 7.8x.
    • 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 12.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 69% 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
EVO EvolutionSEK 1.04k10.4%
+SEK 20.2b		3.9%PE16.4xConsumer Discretionary
SHB A Svenska HandelsbankenSEK 111.808.3%
+SEK 17.0b		19.1%PB1.1xFinancials
VOLV B AB VolvoSEK 277.201.9%
+SEK 10.4b		26.5%PE10.9xIndustrials
SWED A SwedbankSEK 214.904.3%
+SEK 10.0b		20.4%PB1.2xFinancials
SOBI Swedish Orphan BiovitrumSEK 346.408.9%
+SEK 9.8b		50.6%PE33.9xHealthcare
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