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Swedish (OMX) Market Analysis & Valuation

UpdatedMay 08, 2024
DataAggregated Company Financials
Companies891
  • 7D1.7%
  • 3M8.5%
  • 1Y14.1%
  • YTD6.7%

The market is up 1.7% in the last 7 days, led by the Financials and Industrials sectors. In the last year, the market has climbed 14%. Looking forward, earnings are forecast to grow by 14% annually.

Trending IndustriesOil and GasBiotechSoftware

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 May 2024kr11.4tkr6.1tkr564.8b22.9x20.2x1.9x
Fri, 05 Apr 2024kr11.3tkr6.0tkr517.5b21.7x21.9x1.9x
Sun, 03 Mar 2024kr11.0tkr6.0tkr514.6b21.3x21.4x1.8x
Tue, 30 Jan 2024kr10.4tkr6.0tkr477.3b21.7x21.8x1.7x
Thu, 28 Dec 2023kr10.6tkr6.0tkr440.2b22x24x1.8x
Sat, 25 Nov 2023kr9.7tkr6.0tkr445.7b19.5x21.9x1.6x
Mon, 23 Oct 2023kr8.9tkr6.0tkr444.7b17x19.9x1.5x
Wed, 20 Sep 2023kr9.3tkr6.0tkr489.4b18x19.1x1.6x
Fri, 18 Aug 2023kr9.3tkr5.9tkr488.7b19x19.1x1.6x
Sun, 16 Jul 2023kr9.7tkr5.7tkr383.8b18.9x25.2x1.7x
Tue, 13 Jun 2023kr10.1tkr5.7tkr411.5b19.3x24.5x1.8x
Thu, 11 May 2023kr9.8tkr5.6tkr408.4b19.7x24.1x1.8x
Sat, 08 Apr 2023kr9.0tkr5.3tkr421.3b19.3x21.3x1.7x
Mon, 06 Mar 2023kr9.3tkr5.3tkr402.9b19.4x23x1.7x
Wed, 01 Feb 2023kr9.0tkr5.2tkr476.5b17.2x19x1.7x
Fri, 30 Dec 2022kr9.3tkr5.1tkr511.5b15.7x18.1x1.8x
Sun, 27 Nov 2022kr9.4tkr5.1tkr510.3b16.4x18.5x1.9x
Tue, 25 Oct 2022kr8.5tkr4.9tkr552.9b15.1x15.3x1.7x
Thu, 22 Sep 2022kr8.5tkr4.8tkr572.8b15.1x14.9x1.8x
Sat, 20 Aug 2022kr9.5tkr4.8tkr576.4b16.7x16.5x2x
Mon, 18 Jul 2022kr8.9tkr4.7tkr557.8b16.3x16x1.9x
Wed, 15 Jun 2022kr9.2tkr4.7tkr663.2b16.6x13.9x2x
Fri, 13 May 2022kr9.6tkr4.7tkr666.5b17.7x14.4x2x
Sun, 10 Apr 2022kr10.9tkr4.7tkr797.3b19.9x13.6x2.3x
Tue, 08 Mar 2022kr10.1tkr4.9tkr834.8b18.4x12.1x2.1x
Thu, 03 Feb 2022kr12.0tkr4.8tkr783.9b22.7x15.3x2.5x
Sat, 01 Jan 2022kr12.9tkr4.7tkr674.9b23.9x19.1x2.8x
Mon, 29 Nov 2021kr12.2tkr4.7tkr673.4b23.5x18.1x2.6x
Wed, 27 Oct 2021kr12.0tkr4.3tkr652.6b23.6x18.3x2.8x
Fri, 24 Sep 2021kr11.7tkr4.3tkr664.7b23.6x17.6x2.7x
Sun, 22 Aug 2021kr11.9tkr4.3tkr666.0b23.4x17.8x2.8x
Fri, 09 Jul 2021kr11.0tkr4.3tkr665.0b21.7x16.6x2.6x
Price to Earnings Ratio

17x


Total Market Cap: kr10.9tTotal Earnings: kr640.1bTotal Revenue: kr4.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Market Price to Earnings3Y Average 18.7x202220232024
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 18.7x.
Past Earnings Growth
  • The earnings for Swedish listed companies have declined 4.1% per year over the last three years.
  • Meanwhile revenues for these companies have grown 13% 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 Market1.75%
Financials2.80%
Real Estate2.52%
Tech2.11%
Industrials1.68%
Telecom1.25%
Healthcare1.25%
Consumer Staples0.86%
Materials0.68%
Energy-0.76%
Consumer Discretionary-0.77%
Utilities-1.52%
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 37.5% which is higher than its past year's earnings decline of 35.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 70% over the next 5 years.
  • This is better than its past earnings decline of 75% per year.
  • In contrast, the Financials sector is expected to see its earnings decline by 10% 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
INVE A Investorkr277.502.5%
+kr20.5b		26.0%PE5.3xFinancials
ATCO A Atlas Copcokr199.251.9%
+kr18.5b		34.9%PE33.8xIndustrials
EQT EQTkr316.004.5%
+kr16.1b		53.8%PE230.2xFinancials
SEB A Skandinaviska Enskilda Bankenkr151.654.4%
+kr13.1b		32.8%PB1.5xFinancials
ASSA B ASSA ABLOYkr304.403.2%
+kr10.4b		25.5%PE23.5xIndustrials
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