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Swedish (OMX) Market Analysis & Valuation

UpdatedDec 18, 2024
DataAggregated Company Financials
Companies877
  • 7D-2.2%
  • 3M-2.0%
  • 1Y6.1%
  • YTD5.9%

Over the last 7 days, the market has dropped 2.2%, driven by declines in every sector, especially the Industrials sector. In contrast to the last week, the market is actually up 6.1% over the past year. 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
Wed, 18 Dec 2024SEK 10.9tSEK 6.0tSEK 587.9b23x18.6x1.8x
Fri, 15 Nov 2024SEK 10.9tSEK 6.0tSEK 587.3b22.4x18.5x1.8x
Sun, 13 Oct 2024SEK 11.3tSEK 5.9tSEK 496.4b23.8x22.7x1.9x
Tue, 10 Sep 2024SEK 11.4tSEK 6.1tSEK 553.9b23.5x20.6x1.9x
Thu, 08 Aug 2024SEK 11.1tSEK 6.1tSEK 543.4b22.5x20.4x1.8x
Sat, 06 Jul 2024SEK 11.5tSEK 6.1tSEK 513.7b23x22.3x1.9x
Mon, 03 Jun 2024SEK 11.6tSEK 6.0tSEK 512.2b23.3x22.6x1.9x
Wed, 01 May 2024SEK 11.2tSEK 6.1tSEK 560.5b22.2x20x1.8x
Fri, 29 Mar 2024SEK 11.3tSEK 6.0tSEK 516.3b21.6x21.9x1.9x
Sun, 25 Feb 2024SEK 10.9tSEK 6.0tSEK 485.2b21x22.4x1.8x
Tue, 23 Jan 2024SEK 10.2tSEK 6.1tSEK 452.8b21.3x22.5x1.7x
Thu, 21 Dec 2023SEK 10.5tSEK 6.0tSEK 440.9b21.8x23.9x1.7x
Sat, 18 Nov 2023SEK 9.6tSEK 6.0tSEK 443.6b19.6x21.7x1.6x
Mon, 16 Oct 2023SEK 9.3tSEK 6.0tSEK 492.7b17.5x18.9x1.6x
Wed, 13 Sep 2023SEK 9.3tSEK 6.0tSEK 489.4b18x19.1x1.6x
Fri, 11 Aug 2023SEK 9.7tSEK 5.9tSEK 488.6b19.7x19.9x1.6x
Sun, 09 Jul 2023SEK 9.6tSEK 5.7tSEK 410.5b19x23.5x1.7x
Tue, 06 Jun 2023SEK 10.1tSEK 5.6tSEK 411.6b19.3x24.4x1.8x
Thu, 04 May 2023SEK 10.0tSEK 5.6tSEK 412.5b20x24.3x1.8x
Sat, 01 Apr 2023SEK 9.0tSEK 5.3tSEK 409.5b19.2x22x1.7x
Mon, 27 Feb 2023SEK 9.0tSEK 5.3tSEK 405.9b18.9x22.2x1.7x
Wed, 25 Jan 2023SEK 9.1tSEK 5.1tSEK 539.7b17.2x16.9x1.8x
Fri, 23 Dec 2022SEK 9.1tSEK 5.1tSEK 511.2b15.6x17.7x1.8x
Sun, 20 Nov 2022SEK 9.3tSEK 5.1tSEK 512.4b16.2x18.2x1.8x
Tue, 18 Oct 2022SEK 8.3tSEK 4.9tSEK 570.0b14.8x14.6x1.7x
Thu, 15 Sep 2022SEK 8.9tSEK 4.8tSEK 573.2b15.8x15.5x1.8x
Sat, 13 Aug 2022SEK 9.7tSEK 4.8tSEK 573.4b17x16.9x2x
Mon, 11 Jul 2022SEK 9.2tSEK 4.7tSEK 667.4b16.4x13.8x2x
Wed, 08 Jun 2022SEK 10.1tSEK 4.7tSEK 662.0b17.9x15.3x2.1x
Fri, 06 May 2022SEK 9.8tSEK 4.7tSEK 664.5b18.5x14.7x2.1x
Sun, 03 Apr 2022SEK 11.1tSEK 4.9tSEK 829.1b20.2x13.4x2.3x
Tue, 01 Mar 2022SEK 10.9tSEK 4.9tSEK 832.3b20x13.1x2.2x
Thu, 27 Jan 2022SEK 11.5tSEK 4.8tSEK 756.8b21.7x15.3x2.4x
Sat, 25 Dec 2021SEK 12.6tSEK 4.7tSEK 675.2b23.5x18.7x2.7x
Price to Earnings Ratio

18.7x


Total Market Cap: SEK 12.6tTotal Earnings: SEK 675.2bTotal 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 4.5% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.4% 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-2.23%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Consumer Staples-0.33%
Utilities-0.55%
Telecom-0.75%
Healthcare-0.86%
Tech-1.92%
Industrials-2.14%
Financials-2.23%
Real Estate-2.33%
Materials-3.10%
Energy-4.27%
Consumer Discretionary-4.91%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 17.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 37.7%, which is higher than its past year's earnings growth of 13.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 61% 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 17% 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
AAK AAK AB (publ.)SEK 316.404.1%
+SEK 3.2b		42.1%PE23.6xConsumer Staples
ADDT B Addtech AB (publ.)SEK 316.002.2%
+SEK 1.8b		39.6%PE49.1xIndustrials
MCOV B MedicoverSEK 189.806.9%
+SEK 1.8b		30.4%PE126xHealthcare
BONEX Bonesupport HoldingSEK 375.207.1%
+SEK 1.6b		99.4%PE272.6xHealthcare
EMBRAC B Embracer GroupSEK 31.973.0%
+SEK 1.3b		15.2%PS1.1xTelecom
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7 Investing Lessons From 2024

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Richard Bowman
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This is our last newsletter of the year and a good time to focus on the third of those principles - the investing lessons we can all take from 2024...

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