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Swedish (OMX) Market Analysis & Valuation

UpdatedJul 30, 2025
DataAggregated Company Financials
Companies807
  • 7D1.9%
  • 3M5.5%
  • 1Y-2.3%
  • YTD1.4%

The market has climbed 1.9% in the last 7 days, lead by the Industrials sector with a gain of 2.1%. The market has been flat overall in the last year. Looking forward, earnings are forecast to grow by 17% annually.

Trending IndustriesBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 30 Jul 2025SEK 11.1tSEK 5.7tSEK 470.9b23.4x23.6x1.9x
Fri, 27 Jun 2025SEK 10.7tSEK 5.8tSEK 497.8b22.8x21.6x1.8x
Sun, 25 May 2025SEK 10.7tSEK 5.8tSEK 490.1b22x21.8x1.8x
Tue, 22 Apr 2025SEK 10.2tSEK 5.9tSEK 541.5b20.4x18.8x1.7x
Thu, 20 Mar 2025SEK 11.4tSEK 5.9tSEK 548.0b22.2x20.9x1.9x
Sat, 15 Feb 2025SEK 11.8tSEK 5.9tSEK 517.4b23.8x22.8x2x
Mon, 13 Jan 2025SEK 10.8tSEK 6.0tSEK 588.0b22.7x18.3x1.8x
Wed, 11 Dec 2024SEK 11.1tSEK 6.0tSEK 588.9b23.3x18.9x1.9x
Fri, 08 Nov 2024SEK 11.1tSEK 6.0tSEK 584.0b23x19x1.9x
Sun, 06 Oct 2024SEK 11.8tSEK 6.1tSEK 552.8b24x21.4x1.9x
Tue, 03 Sep 2024SEK 11.7tSEK 6.1tSEK 552.8b23.5x21.2x1.9x
Thu, 01 Aug 2024SEK 11.8tSEK 6.1tSEK 543.5b24x21.6x1.9x
Sat, 29 Jun 2024SEK 11.4tSEK 6.1tSEK 513.7b22.6x22.2x1.9x
Mon, 27 May 2024SEK 11.7tSEK 6.0tSEK 520.6b23.2x22.4x1.9x
Wed, 24 Apr 2024SEK 11.2tSEK 6.1tSEK 548.0b22.3x20.4x1.8x
Fri, 22 Mar 2024SEK 11.4tSEK 6.0tSEK 515.0b21.2x22.1x1.9x
Sun, 18 Feb 2024SEK 10.8tSEK 6.0tSEK 478.2b22.1x22.5x1.8x
Tue, 16 Jan 2024SEK 10.3tSEK 6.0tSEK 441.2b21.8x23.3x1.7x
Thu, 14 Dec 2023SEK 10.1tSEK 6.0tSEK 441.9b20.6x22.8x1.7x
Sat, 11 Nov 2023SEK 9.2tSEK 6.0tSEK 447.7b19.1x20.5x1.5x
Mon, 09 Oct 2023SEK 9.2tSEK 6.0tSEK 493.8b17.5x18.7x1.5x
Wed, 06 Sep 2023SEK 9.5tSEK 6.0tSEK 489.6b18.5x19.4x1.6x
Fri, 04 Aug 2023SEK 9.6tSEK 5.9tSEK 488.8b19.3x19.6x1.6x
Sun, 02 Jul 2023SEK 9.8tSEK 5.7tSEK 411.2b19.1x23.9x1.7x
Tue, 30 May 2023SEK 9.9tSEK 5.6tSEK 406.5b19.2x24.3x1.8x
Thu, 27 Apr 2023SEK 10.0tSEK 5.4tSEK 435.9b19.6x23x1.8x
Sat, 25 Mar 2023SEK 8.5tSEK 5.3tSEK 402.9b18.7x21x1.6x
Mon, 20 Feb 2023SEK 9.3tSEK 5.3tSEK 434.4b19.4x21.4x1.7x
Wed, 18 Jan 2023SEK 9.7tSEK 5.1tSEK 505.5b16.9x19.2x1.9x
Fri, 16 Dec 2022SEK 9.3tSEK 5.1tSEK 510.7b15.9x18.2x1.8x
Sun, 13 Nov 2022SEK 9.5tSEK 5.1tSEK 509.6b16.7x18.7x1.9x
Tue, 11 Oct 2022SEK 8.2tSEK 4.9tSEK 569.8b14.7x14.4x1.7x
Thu, 08 Sep 2022SEK 8.8tSEK 4.8tSEK 574.8b16.1x15.4x1.8x
Sat, 06 Aug 2022SEK 9.5tSEK 4.8tSEK 572.3b16.6x16.6x2x
Price to Earnings Ratio

16.6x


Total Market Cap: SEK 9.5tTotal Earnings: SEK 572.3bTotal Revenue: SEK 4.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 20.6x202320242025
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 23.6x which is higher than its 3-year average PE of 20.6x.
Past Earnings Growth
  • The earnings for Swedish listed companies have declined 6.3% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.0% 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 Market1.86%
Healthcare5.80%
Telecom4.80%
Energy4.08%
Tech3.61%
Industrials2.07%
Consumer Staples1.96%
Financials1.71%
Consumer Discretionary-0.43%
Materials-0.50%
Real Estate-2.75%
Utilities-2.81%
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 28.7% which is higher than its past year's earnings decline of 0.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings decline of 0.4% per year.
  • In contrast, the Utilities sector is expected to see its earnings grow by 2.6% 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
TEL2 B Tele2SEK 191.1026.0%
+SEK 27.3b		72.2%PE31.9xTelecom
VOLV B AB VolvoSEK 280.904.7%
+SEK 25.6b		2.9%PE15xIndustrials
HEXA B HexagonSEK 108.757.0%
+SEK 19.2b		0.9%PE27.8xTech
EQT EQTSEK 339.003.9%
+SEK 14.9b		-0.6%PE42.6xFinancials
SAND SandvikSEK 247.904.8%
+SEK 14.2b		13.7%PE21.5xIndustrials
See more

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ASKER
SEK 131.22
Asker Healthcare Group
7D
37.3%
1Y
n/a
WIHL
SEK 75.05
Wihlborgs Fastigheter
7D
-24.2%
1Y
-31.5%
TREL B
SEK 283.20
Trelleborg
7D
-20.2%
1Y
-28.1%
TEL2 B
SEK 191.10
Tele2
7D
26.0%
1Y
72.2%
EQT
SEK 339.00
EQT
7D
3.9%
1Y
-0.6%
HEXA B
SEK 108.75
Hexagon
7D
7.0%
1Y
0.9%

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HM B
SEK 132.55
H & M Hennes & Mauritz
7D
-6.0%
1Y
-20.8%

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SSAB A
SEK 57.86
SSAB
7D
-11.0%
1Y
4.9%

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SINCH
SEK 32.69
Sinch
7D
-9.4%
1Y
13.1%
VOLV B
SEK 280.90
AB Volvo
7D
4.7%
1Y
2.9%
INVE A
SEK 291.00
Investor
7D
1.6%
1Y
-3.2%

Investor (STO:INVE A) Will Pay A Dividend Of SEK1.45

Jul 25
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BOL
SEK 297.00
Boliden
7D
-6.2%
1Y
-6.2%

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Jul 22
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ASSA B
SEK 327.20
ASSA ABLOY
7D
3.7%
1Y
1.3%

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ADDT B
SEK 324.20
Addtech AB (publ.)
7D
-3.1%
1Y
-5.1%

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SAND
SEK 247.90
Sandvik
7D
4.8%
1Y
13.7%
AZA
SEK 322.00
Avanza Bank Holding
7D
-8.1%
1Y
33.7%