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Swedish (OMX) Market Analysis & Valuation

UpdatedApr 04, 2025
DataAggregated Company Financials
Companies876
  • 7D-5.6%
  • 3M-5.1%
  • 1Y-5.4%
  • YTD-5.3%

Over the last 7 days, the market has dropped 5.6%, driven by a decline of 7.9% in the Industrials sector. Meanwhile, the Real Estate sector has outperformed, gaining 3.8% in that time. In the last 12 months the market is down 5.4%. As for the next few years, earnings are expected to grow by 9.4% per annum.

Trending IndustriesOil and GasBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 04 Apr 2025SEK 10.4tSEK 5.9tSEK 544.7b21.1x19.1x1.8x
Sun, 02 Mar 2025SEK 11.7tSEK 5.9tSEK 547.2b22.9x21.3x2x
Tue, 28 Jan 2025SEK 11.4tSEK 5.9tSEK 502.9b23.1x22.8x1.9x
Thu, 26 Dec 2024SEK 10.7tSEK 6.0tSEK 588.0b22.9x18.2x1.8x
Sat, 23 Nov 2024SEK 10.7tSEK 6.0tSEK 586.6b21.5x18.2x1.8x
Mon, 21 Oct 2024SEK 11.2tSEK 6.0tSEK 559.9b23.7x20.1x1.9x
Wed, 18 Sep 2024SEK 11.6tSEK 6.1tSEK 554.3b23.8x21x1.9x
Fri, 16 Aug 2024SEK 11.4tSEK 6.1tSEK 549.3b23.2x20.7x1.9x
Sun, 14 Jul 2024SEK 11.8tSEK 6.1tSEK 501.5b23.7x23.6x2x
Tue, 11 Jun 2024SEK 11.6tSEK 6.0tSEK 511.6b23.2x22.7x1.9x
Thu, 09 May 2024SEK 11.4tSEK 6.1tSEK 566.8b22.8x20.1x1.9x
Sat, 06 Apr 2024SEK 11.2tSEK 6.0tSEK 517.4b21.6x21.7x1.9x
Mon, 04 Mar 2024SEK 11.0tSEK 6.0tSEK 514.6b21.2x21.4x1.8x
Wed, 31 Jan 2024SEK 10.6tSEK 6.0tSEK 476.4b21.7x22.2x1.8x
Fri, 29 Dec 2023SEK 10.6tSEK 6.0tSEK 440.3b22x24x1.8x
Sun, 26 Nov 2023SEK 9.8tSEK 6.0tSEK 445.7b19.5x21.9x1.6x
Tue, 24 Oct 2023SEK 8.8tSEK 6.0tSEK 446.1b17.2x19.8x1.5x
Thu, 21 Sep 2023SEK 9.5tSEK 6.0tSEK 488.8b18.3x19.4x1.6x
Sat, 19 Aug 2023SEK 9.3tSEK 5.9tSEK 491.1b18.6x18.9x1.6x
Mon, 17 Jul 2023SEK 9.7tSEK 5.7tSEK 383.1b18.9x25.3x1.7x
Wed, 14 Jun 2023SEK 10.2tSEK 5.6tSEK 411.0b19.4x24.7x1.8x
Fri, 12 May 2023SEK 10.0tSEK 5.6tSEK 408.6b19.8x24.4x1.8x
Sun, 09 Apr 2023SEK 9.0tSEK 5.3tSEK 421.3b19.3x21.3x1.7x
Tue, 07 Mar 2023SEK 9.3tSEK 5.3tSEK 403.1b19.4x23x1.8x
Thu, 02 Feb 2023SEK 9.1tSEK 5.2tSEK 477.2b17.3x19.1x1.8x
Sat, 31 Dec 2022SEK 9.3tSEK 5.1tSEK 511.6b15.7x18.1x1.8x
Mon, 28 Nov 2022SEK 9.4tSEK 5.1tSEK 510.5b16.5x18.5x1.9x
Wed, 26 Oct 2022SEK 8.8tSEK 4.9tSEK 555.5b15.4x15.9x1.8x
Fri, 23 Sep 2022SEK 8.3tSEK 4.9tSEK 572.8b14.7x14.5x1.7x
Sun, 21 Aug 2022SEK 9.5tSEK 4.8tSEK 574.5b16.7x16.5x2x
Tue, 19 Jul 2022SEK 8.9tSEK 4.7tSEK 557.8b16.3x16x1.9x
Thu, 16 Jun 2022SEK 9.3tSEK 4.7tSEK 662.5b16.4x14x2x
Sat, 14 May 2022SEK 9.4tSEK 4.7tSEK 662.6b17.7x14.2x2x
Mon, 11 Apr 2022SEK 10.9tSEK 4.7tSEK 797.4b19.9x13.6x2.3x
Price to Earnings Ratio

13.6x


Total Market Cap: SEK 10.9tTotal Earnings: SEK 797.4bTotal Revenue: SEK 4.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 19.8x202320242025
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 19.8x.
Past Earnings Growth
  • The earnings for Swedish listed companies have declined 12% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.7% 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-5.62%
Real Estate3.80%
Telecom2.37%
Consumer Staples1.62%
Utilities-1.24%
Healthcare-2.93%
Consumer Discretionary-3.79%
Tech-5.85%
Materials-6.35%
Financials-7.27%
Industrials-7.94%
Energy-13.46%
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 28.3%, 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 100% over the next 5 years.
  • This is better than its past earnings decline of 78% per year.
  • In contrast, the Utilities sector is expected to see its earnings decline by 31% 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
FNOX FortnoxSEK 85.7031.7%
+SEK 12.6b		27.9%PE73.6xTech
BALD B Fastighets AB BalderSEK 65.083.6%
+SEK 2.7b		-11.5%PE23.4xReal Estate
HEM Hemnet GroupSEK 364.207.6%
+SEK 2.5b		12.2%PE72.1xTelecom
AXFO AxfoodSEK 233.203.0%
+SEK 1.4b		-23.6%PE23xConsumer Staples
ESSITY B EssitySEK 288.100.7%
+SEK 1.3b		10.5%PE16.8xConsumer Staples
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Lessons From Q1’s Repricing, Rotation And Risks

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FNOX

SEK 85.70

Fortnox

7D

31.7%

1Y

27.9%

EQT

SEK 256.50

EQT

7D

-17.8%

1Y

-23.1%

SEB A

SEK 136.90

Skandinaviska Enskilda Banken

7D

-18.2%

1Y

-6.4%

SAND

SEK 185.45

Sandvik

7D

-15.0%

1Y

-23.5%

INVE A

SEK 275.00

Investor

7D

-9.6%

1Y

5.5%

ATCO A

SEK 143.30

Atlas Copco

7D

-12.6%

1Y

-21.0%

Estimating The Fair Value Of Atlas Copco AB (publ) (STO:ATCO A)

Apr 04
Estimating The Fair Value Of Atlas Copco AB (publ) (STO:ATCO A)

LOGI A

SEK 14.25

Logistea

7D

7.1%

1Y

5.6%

Calculating The Intrinsic Value Of Logistea AB (publ) (STO:LOGI A)

Apr 04
Calculating The Intrinsic Value Of Logistea AB (publ) (STO:LOGI A)

HEM

SEK 364.20

Hemnet Group

7D

7.6%

1Y

12.2%

The Hemnet Group AB (publ) (STO:HEM) Yearly Results Are Out And Analysts Have Published New Forecasts

Apr 04
The Hemnet Group AB (publ) (STO:HEM) Yearly Results Are Out And Analysts Have Published New Forecasts

BALD B

SEK 65.08

Fastighets AB Balder

7D

3.6%

1Y

-11.5%

HEXA B

SEK 96.68

Hexagon

7D

-11.4%

1Y

-21.4%

VOLV B

SEK 245.10

AB Volvo

7D

-18.7%

1Y

-15.7%

BONEX

SEK 309.40

Bonesupport Holding

7D

3.3%

1Y

33.6%

MCOV B

SEK 196.80

Medicover

7D

1.7%

1Y

42.0%

AXFO

SEK 233.20

Axfood

7D

3.0%

1Y

-23.6%

ESSITY B

SEK 288.10

Essity

7D

0.7%

1Y

10.5%

SWED A

SEK 203.00

Swedbank

7D

-12.5%

1Y

-6.6%