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Swedish (OMX) Market Analysis & Valuation

UpdatedFeb 27, 2025
DataAggregated Company Financials
Companies874
  • 7D1.0%
  • 3M9.0%
  • 1Y12.9%
  • YTD8.2%

Over the last 7 days, the market has dropped 1.8%, driven by a loss of 2.4% in the Industrials sector. In contrast to the last week, the market is actually up 12% over the past year. As for the next few years, earnings are expected to grow by 9.6% per annum.

Trending IndustriesOil and GasBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 27 Feb 2025SEK 11.8tSEK 5.9tSEK 545.7b23.3x21.7x2x
Sat, 25 Jan 2025SEK 11.4tSEK 5.9tSEK 502.5b23.3x22.8x1.9x
Mon, 23 Dec 2024SEK 10.7tSEK 6.0tSEK 588.0b23x18.2x1.8x
Wed, 20 Nov 2024SEK 10.6tSEK 6.0tSEK 587.4b21.7x18.1x1.8x
Fri, 18 Oct 2024SEK 11.2tSEK 6.0tSEK 565.3b23.7x19.9x1.9x
Sun, 15 Sep 2024SEK 11.6tSEK 6.1tSEK 554.2b23.4x20.8x1.9x
Tue, 13 Aug 2024SEK 11.2tSEK 6.1tSEK 549.2b22.8x20.3x1.8x
Thu, 11 Jul 2024SEK 11.5tSEK 6.0tSEK 507.6b23.1x22.6x1.9x
Sat, 08 Jun 2024SEK 11.6tSEK 6.0tSEK 512.2b23.3x22.6x1.9x
Mon, 06 May 2024SEK 11.2tSEK 6.1tSEK 563.6b22.6x19.8x1.8x
Wed, 03 Apr 2024SEK 11.3tSEK 6.0tSEK 516.9b22x21.8x1.9x
Fri, 01 Mar 2024SEK 10.9tSEK 6.0tSEK 513.3b21.3x21.2x1.8x
Sun, 28 Jan 2024SEK 10.4tSEK 6.0tSEK 478.2b21.3x21.8x1.7x
Tue, 26 Dec 2023SEK 10.5tSEK 6.0tSEK 440.2b21.9x23.9x1.7x
Thu, 23 Nov 2023SEK 9.7tSEK 6.0tSEK 445.2b19.2x21.8x1.6x
Sat, 21 Oct 2023SEK 8.9tSEK 6.0tSEK 466.9b17x19x1.5x
Mon, 18 Sep 2023SEK 9.4tSEK 6.0tSEK 490.0b18.1x19.2x1.6x
Wed, 16 Aug 2023SEK 9.5tSEK 5.9tSEK 489.2b19.4x19.4x1.6x
Fri, 14 Jul 2023SEK 9.7tSEK 5.7tSEK 405.0b19.1x24x1.7x
Sun, 11 Jun 2023SEK 10.1tSEK 5.7tSEK 411.6b19.3x24.6x1.8x
Tue, 09 May 2023SEK 10.0tSEK 5.6tSEK 410.2b19.8x24.4x1.8x
Thu, 06 Apr 2023SEK 8.8tSEK 5.3tSEK 403.5b19.4x21.8x1.7x
Sat, 04 Mar 2023SEK 9.3tSEK 5.3tSEK 402.7b19.5x23x1.7x
Mon, 30 Jan 2023SEK 9.1tSEK 5.2tSEK 474.1b17.4x19.2x1.8x
Wed, 28 Dec 2022SEK 9.2tSEK 5.1tSEK 511.6b15.7x18x1.8x
Fri, 25 Nov 2022SEK 9.5tSEK 5.1tSEK 510.8b16.3x18.5x1.9x
Sun, 23 Oct 2022SEK 8.5tSEK 4.9tSEK 552.9b15.1x15.3x1.7x
Tue, 20 Sep 2022SEK 8.6tSEK 4.8tSEK 572.2b15.5x15.1x1.8x
Thu, 18 Aug 2022SEK 9.6tSEK 4.8tSEK 575.4b16.8x16.7x2x
Sat, 16 Jul 2022SEK 8.9tSEK 4.7tSEK 659.0b16.2x13.5x1.9x
Mon, 13 Jun 2022SEK 9.6tSEK 4.7tSEK 662.7b17.4x14.5x2x
Wed, 11 May 2022SEK 9.4tSEK 4.7tSEK 666.9b17.5x14x2x
Fri, 08 Apr 2022SEK 10.9tSEK 4.8tSEK 824.2b20.1x13.2x2.3x
Sun, 06 Mar 2022SEK 10.1tSEK 4.9tSEK 834.6b18.5x12.1x2.1x
Price to Earnings Ratio

12.1x


Total Market Cap: SEK 10.1tTotal Earnings: SEK 834.6bTotal Revenue: SEK 4.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 19.6x202320242025
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 19.6x.
Past Earnings Growth
  • The earnings for Swedish listed companies have declined 13% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.2% 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 Market0.96%
Utilities3.40%
Consumer Staples2.82%
Telecom1.66%
Industrials1.37%
Materials1.08%
Financials0.95%
Real Estate0.74%
Consumer Discretionary0.60%
Tech0.027%
Information Technology0%0
Financials0%0
Health Care0%0
Industrials0%0
Healthcare-1.53%
Energy-2.34%
Sector PE
  • Investors favour the Healthcare sector the most for future growth which is trading above its 3-year average PE ratio.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 31.6%, which is higher than its past year's earnings growth of 20.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 84% over the next 5 years.
  • This is better than its past earnings decline of 78% per year.
  • In contrast, the Financials sector is expected to see its earnings decline by 15% 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
VOLV B AB VolvoSEK 342.304.1%
+SEK 27.5b		19.8%PE13.8xIndustrials
INVE A InvestorSEK 324.201.6%
+SEK 15.3b		26.5%PE8.8xFinancials
ASSA B ASSA ABLOYSEK 335.603.7%
+SEK 13.2b		14.3%PE23.8xIndustrials
ERIC B Telefonaktiebolaget LM EricssonSEK 88.764.6%
+SEK 13.1b		58.4%PE14790.4xTech
SEB A Skandinaviska Enskilda BankenSEK 174.253.4%
+SEK 11.7b		14.1%PB1.5xFinancials
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Latest News

ERIC B

SEK 88.76

Telefonaktiebolaget LM Ericsson

7D

4.6%

1Y

58.4%

VOLV B

SEK 342.30

AB Volvo

7D

4.1%

1Y

19.8%

AB Volvo's (STO:VOLV B) Dividend Will Be Increased To SEK18.50

Feb 26
AB Volvo's (STO:VOLV B) Dividend Will Be Increased To SEK18.50

SAAB B

SEK 309.20

Saab

7D

5.1%

1Y

51.8%

Why Investors Shouldn't Be Surprised By Saab AB (publ)'s (STO:SAAB B) 28% Share Price Surge

Feb 25
Why Investors Shouldn't Be Surprised By Saab AB (publ)'s (STO:SAAB B) 28% Share Price Surge

EQT

SEK 341.10

EQT

7D

-4.7%

1Y

13.8%

EQT's (STO:EQT) Shareholders Will Receive A Bigger Dividend Than Last Year

Feb 25
EQT's (STO:EQT) Shareholders Will Receive A Bigger Dividend Than Last Year

SAGA A

SEK 223.00

AB Sagax

7D

-2.2%

1Y

-7.9%

ASSA B

SEK 335.60

ASSA ABLOY

7D

3.7%

1Y

14.3%

Some Confidence Is Lacking In ASSA ABLOY AB (publ)'s (STO:ASSA B) P/E

Feb 24
Some Confidence Is Lacking In ASSA ABLOY AB (publ)'s (STO:ASSA B) P/E

ESSITY B

SEK 296.60

Essity

7D

4.5%

1Y

23.2%

BURE

SEK 366.40

Bure Equity

7D

-9.4%

1Y

13.4%

VITR

SEK 194.80

Vitrolife

7D

-8.5%

1Y

7.9%

VIMIAN

SEK 41.35

Vimian Group

7D

-12.0%

1Y

39.0%

Vimian Group's (STO:VIMIAN) Earnings Are Weaker Than They Seem

Feb 21
Vimian Group's (STO:VIMIAN) Earnings Are Weaker Than They Seem

SEB A

SEK 174.25

Skandinaviska Enskilda Banken

7D

3.4%

1Y

14.1%

Skandinaviska Enskilda Banken (STO:SEB A) Is Paying Out A Dividend Of SEK11.50

Feb 21
Skandinaviska Enskilda Banken (STO:SEB A) Is Paying Out A Dividend Of SEK11.50

SHB A

SEK 136.75

Svenska Handelsbanken

7D

4.3%

1Y

10.7%

HEXA B

SEK 124.75

Hexagon

7D

-2.4%

1Y

3.9%

Hexagon (STO:HEXA B) Has Some Way To Go To Become A Multi-Bagger

Feb 17
Hexagon (STO:HEXA B) Has Some Way To Go To Become A Multi-Bagger

LIFCO B

SEK 373.20

Lifco

7D

-3.9%

1Y

35.4%

Subdued Growth No Barrier To Lifco AB (publ) (STO:LIFCO B) With Shares Advancing 28%

Feb 14
Subdued Growth No Barrier To Lifco AB (publ) (STO:LIFCO B) With Shares Advancing 28%

INVE A

SEK 324.20

Investor

7D

1.6%

1Y

26.5%

Investor (STO:INVE A) Is Increasing Its Dividend To SEK3.75

Jan 30
Investor (STO:INVE A) Is Increasing Its Dividend To SEK3.75

SECT B

SEK 235.70

Sectra

7D

-7.2%

1Y

13.3%

Sectra AB (publ)'s (STO:SECT B) Intrinsic Value Is Potentially 22% Below Its Share Price

Jan 14
Sectra AB (publ)'s (STO:SECT B) Intrinsic Value Is Potentially 22% Below Its Share Price