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Swedish (OMX) Market Analysis & Valuation

UpdatedFeb 28, 2025
DataAggregated Company Financials
Companies873
  • 7D-0.4%
  • 3M7.4%
  • 1Y11.4%
  • YTD7.1%

Over the last 7 days, the market has remained flat, although notably the Utilities sector gained 3.4% in that time. Meanwhile, the market is actually up 13% over the past year. Earnings are forecast to grow by 9.5% annually.

Trending IndustriesOil and GasBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 28 Feb 2025SEK 11.7tSEK 5.9tSEK 545.8b23x21.5x2x
Sun, 26 Jan 2025SEK 11.4tSEK 5.9tSEK 502.8b23.4x22.8x1.9x
Tue, 24 Dec 2024SEK 10.7tSEK 6.0tSEK 587.9b22.9x18.2x1.8x
Thu, 21 Nov 2024SEK 10.6tSEK 6.0tSEK 587.0b22x18x1.8x
Sat, 19 Oct 2024SEK 11.2tSEK 6.0tSEK 559.9b23.7x20.1x1.9x
Mon, 16 Sep 2024SEK 11.6tSEK 6.1tSEK 554.2b23.4x20.8x1.9x
Wed, 14 Aug 2024SEK 11.2tSEK 6.1tSEK 549.2b22.7x20.4x1.8x
Fri, 12 Jul 2024SEK 11.6tSEK 6.0tSEK 507.5b23.5x22.8x1.9x
Sun, 09 Jun 2024SEK 11.6tSEK 6.0tSEK 512.2b23.3x22.6x1.9x
Tue, 07 May 2024SEK 11.3tSEK 6.1tSEK 564.6b23x19.9x1.9x
Thu, 04 Apr 2024SEK 11.3tSEK 6.0tSEK 517.4b22x21.8x1.9x
Sat, 02 Mar 2024SEK 11.0tSEK 6.0tSEK 513.5b21.8x21.4x1.8x
Mon, 29 Jan 2024SEK 10.4tSEK 6.0tSEK 478.2b21.3x21.8x1.7x
Wed, 27 Dec 2023SEK 10.5tSEK 6.0tSEK 440.3b21.9x23.9x1.7x
Fri, 24 Nov 2023SEK 9.7tSEK 6.0tSEK 445.4b19.3x21.8x1.6x
Sun, 22 Oct 2023SEK 8.9tSEK 6.0tSEK 446.0b17x19.9x1.5x
Tue, 19 Sep 2023SEK 9.4tSEK 6.0tSEK 489.4b18.1x19.2x1.6x
Thu, 17 Aug 2023SEK 9.5tSEK 5.9tSEK 488.7b19.3x19.4x1.6x
Sat, 15 Jul 2023SEK 9.7tSEK 5.7tSEK 383.1b18.8x25.2x1.7x
Mon, 12 Jun 2023SEK 10.1tSEK 5.7tSEK 411.6b19.3x24.6x1.8x
Wed, 10 May 2023SEK 9.9tSEK 5.6tSEK 408.1b19.8x24.3x1.8x
Fri, 07 Apr 2023SEK 8.8tSEK 5.3tSEK 423.5b19.3x20.8x1.7x
Sun, 05 Mar 2023SEK 9.3tSEK 5.3tSEK 403.1b19.4x23x1.7x
Tue, 31 Jan 2023SEK 9.1tSEK 5.2tSEK 474.0b17.4x19.1x1.8x
Thu, 29 Dec 2022SEK 9.1tSEK 5.1tSEK 511.4b15.7x17.9x1.8x
Sat, 26 Nov 2022SEK 9.4tSEK 5.1tSEK 510.5b16.5x18.5x1.9x
Mon, 24 Oct 2022SEK 8.5tSEK 4.9tSEK 552.9b15.1x15.3x1.7x
Wed, 21 Sep 2022SEK 8.5tSEK 4.8tSEK 572.6b14.9x14.8x1.7x
Fri, 19 Aug 2022SEK 9.7tSEK 4.8tSEK 575.7b16.9x16.8x2x
Sun, 17 Jul 2022SEK 8.9tSEK 4.6tSEK 559.7b16.2x15.9x1.9x
Tue, 14 Jun 2022SEK 9.4tSEK 4.7tSEK 663.2b16.7x14.1x2x
Thu, 12 May 2022SEK 9.6tSEK 4.7tSEK 666.5b17.7x14.4x2x
Sat, 09 Apr 2022SEK 11.0tSEK 4.8tSEK 823.9b19.9x13.3x2.3x
Mon, 07 Mar 2022SEK 10.1tSEK 4.9tSEK 834.5b18.7x12.1x2.1x
Price to Earnings Ratio

12.1x


Total Market Cap: SEK 10.1tTotal Earnings: SEK 834.5bTotal 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 optimistic on the Swedish market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 21.7x which is higher than its 3-year average PE 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 6.3% 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-0.42%
Utilities5.15%
Consumer Staples2.71%
Telecom1.43%
Real Estate0.64%
Financials0.13%
Information Technology0%0
Financials0%0
Health Care0%0
Industrials0%0
Materials-0.55%
Consumer Discretionary-0.61%
Industrials-0.85%
Tech-1.16%
Healthcare-2.51%
Energy-4.51%
Sector PE
  • Investors favour the Utilities 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 46.7% which is higher than its past year's earnings decline of 19.1% 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 339.102.9%
+SEK 19.1b		18.9%PE13.7xIndustrials
SAAB B SaabSEK 318.208.2%
+SEK 12.9b		55.9%PE40.8xIndustrials
ERIC B Telefonaktiebolaget LM EricssonSEK 89.064.0%
+SEK 11.4b		58.4%PE14840.4xTech
SEB A Skandinaviska Enskilda BankenSEK 173.103.3%
+SEK 11.0b		12.5%PB1.5xFinancials
SHB A Svenska HandelsbankenSEK 136.153.5%
+SEK 9.1b		10.0%PB1.3xFinancials
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TELIA

SEK 35.26

Telia Company

7D

3.9%

1Y

42.9%

ERIC B

SEK 89.06

Telefonaktiebolaget LM Ericsson

7D

4.0%

1Y

58.4%

INDT

SEK 308.40

Indutrade

7D

-4.2%

1Y

12.6%

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

Feb 26
Indutrade's (STO:INDT) Shareholders Will Receive A Bigger Dividend Than Last Year

VOLV B

SEK 339.10

AB Volvo

7D

2.9%

1Y

18.9%

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 318.20

Saab

7D

8.2%

1Y

55.9%

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 332.80

EQT

7D

-5.9%

1Y

9.8%

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

LATO B

SEK 291.50

Investment AB Latour

7D

-2.9%

1Y

11.0%

SWED A

SEK 260.30

Swedbank

7D

3.0%

1Y

14.5%

ESSITY B

SEK 297.50

Essity

7D

4.1%

1Y

23.1%

SEB A

SEK 173.10

Skandinaviska Enskilda Banken

7D

3.3%

1Y

12.5%

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 136.15

Svenska Handelsbanken

7D

3.5%

1Y

10.0%

EPI A

SEK 211.60

Epiroc

7D

-3.3%

1Y

12.7%

Epiroc (STO:EPI A) Seems To Use Debt Quite Sensibly

Feb 20
Epiroc (STO:EPI A) Seems To Use Debt Quite Sensibly

ADDT B

SEK 324.80

Addtech AB (publ.)

7D

-4.9%

1Y

41.8%

HEXA B

SEK 123.15

Hexagon

7D

-4.0%

1Y

1.5%

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 370.00

Lifco

7D

-4.5%

1Y

34.2%

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%

ATCO A

SEK 182.30

Atlas Copco

7D

-2.7%

1Y

1.4%