Best Swedish Stocks: October 2026
Quality 86: wide operating margins and high return on equity. Momentum 79: quarterly earnings growing and near its 52-week high. Value 67: cheap on P/E and cheap on EV/EBITDA.
October 2026 edition · data as of ·6 new, 6 out, biggest climb OEM-B.ST since September·Next edition forms ·How we score stocks·How past rankings did·All Sweden stocks, refreshed daily
Top 25 Swedish Stocks by StockRank
- New in October 2026: Telefonaktiebolaget LM Ericsson (publ) ERIC-A.ST, AB SKF (publ) SKF-A.ST, Storytel AB (publ) STORY-B.ST, Bure Equity AB (publ) BURE.ST, Boliden AB (publ) BOL.ST, Nyab AB (publ) NYAB.ST
- Dropped out: Telefonaktiebolaget LM Ericsson (publ) ERIC-B.ST, Evolution AB (publ) EVO.ST, Attendo AB (publ) ATT.ST, Intea Fastigheter AB (publ) INTEA-D.ST, Betsson AB (publ) BETS-B.ST, Vimian Group AB (publ) VIMIAN.ST
- Biggest climbs: OEM International AB (publ) OEM-B.ST #16 to #6, Truecaller AB (publ) TRUE-B.ST #25 to #15, HEXPOL AB (publ) HPOL-B.ST #18 to #9
- Biggest falls: AB Sagax (publ) SAGA-D.ST #5 to #13, Synsam AB (publ) SYNSAM.ST #12 to #20, Loomis AB (publ) LOOMIS.ST #17 to #21
What changed since September: 6 new, 6 out
- New in October 2026: Telefonaktiebolaget LM Ericsson (publ) ERIC-A.ST, AB SKF (publ) SKF-A.ST, Storytel AB (publ) STORY-B.ST, Bure Equity AB (publ) BURE.ST, Boliden AB (publ) BOL.ST, Nyab AB (publ) NYAB.ST
- Dropped out: Telefonaktiebolaget LM Ericsson (publ) ERIC-B.ST, Evolution AB (publ) EVO.ST, Attendo AB (publ) ATT.ST, Intea Fastigheter AB (publ) INTEA-D.ST, Betsson AB (publ) BETS-B.ST, Vimian Group AB (publ) VIMIAN.ST
- Biggest climbs: OEM International AB (publ) OEM-B.ST #16 to #6, Truecaller AB (publ) TRUE-B.ST #25 to #15, HEXPOL AB (publ) HPOL-B.ST #18 to #9
- Biggest falls: AB Sagax (publ) SAGA-D.ST #5 to #13, Synsam AB (publ) SYNSAM.ST #12 to #20, Loomis AB (publ) LOOMIS.ST #17 to #21
| # | Stock | Yield | P/E | Score | Q | V | M | Style · Activity | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Yield 1.6% | P/E 3.7 | 100 Score | 86 Q | 67 V | 79 M | Full House | ||
| 2 | Quality 81: wide operating margins and high return on equity. Momentum 78: quarterly earnings growing and near its 52-week high. Value 60: cheap on P/E and cheap on EV/EBITDA; P/FCF excluded. | Yield 1.4% | P/E 4.7 | 99 Score | 81 Q | 60 V | 78 M | Full House | |
| 3 | Quality 94: ROIC in the top 5% of its sector and wide operating margins. Momentum 83: outperforming the market over 6 months and above its moving averages. Value 39: far above book value. | Yield 5.0% | P/E 13.2 | 99 Score | 94 Q | 39 V | 83 M | Premium Grower | |
| 4 | Momentum 79: quarterly earnings growing and above its moving averages. Quality 77: wide operating margins and strong free cash flow. Value 51: cheap on P/E but little or no yield. | Yield 1.7% | P/E 5.3 | 97 Score | 77 Q | 51 V | 79 M | Full House | |
| 5 | Value 86: a high yield and cheap on P/E. Quality 67: strong free cash flow and high gross profitability. Momentum 43: near its 52-week high but estimates cut. | Yield 6.3% | P/E 10.0 | 93 Score | 67 Q | 86 V | 43 M | Unloved Quality | |
| 6 | Quality 86: strong free cash flow and high gross profitability. Momentum 84: near its 52-week high and above its moving averages. Value 22: far above book value. | Yield 1.0% | P/E 37.1 | 92 Score | 86 Q | 22 V | 84 M | Premium Grower | |
| 7 | Momentum 70: near its 52-week high and quarterly earnings growing. Value 61: below book value and cheap on EV/EBITDA; P/FCF excluded. Quality 61: wide operating margins and high return on equity. | Yield 6.7% | P/E 0.8 | 91 Score | 61 Q | 61 V | 70 M | Full House | |
| 8 | Momentum 80: near its 52-week high and quarterly earnings growing. Value 60: cheap on P/E and below book value. Quality 51: wide operating margins but a tight balance sheet. | Yield 0.8% | P/E 7.8 | 91 Score | 51 Q | 60 V | 80 M | Full House | |
| 9 | Momentum 78: near its 52-week high and above its moving averages. Quality 64: ROIC in the top 15% of its sector and strong free cash flow. Value 49: a high yield; P/FCF excluded. | Yield 4.4% | P/E 17.9 | 91 Score | 64 Q | 49 V | 78 M | Premium Grower | |
| 10 | Value 70: cheap on free cash flow and below book value. Momentum 63: near its 52-week high and outperforming the market over 6 months. Quality 59: F-Score 8/9 but thin interest cover. | Yield 1.0% | P/E 15.9 | 91 Score | 59 Q | 70 V | 63 M | Full House | |
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| 11 | Value 76: cheap on sales and below book value. Momentum 60: near its 52-week high and EPS improving. Quality 55: a tight balance sheet. | Yield 3.4% | P/E 19.7 | 91 Score | 55 Q | 76 V | 60 M | Full House | |
| 12 | Value 74: cheap on free cash flow and cheap on P/E. Quality 73: F-Score 8/9 and ROIC in the top 10% of its sector. Momentum 43: quarterly earnings shrinking. | Yield 2.9% | P/E 13.5 | 90 Score | 73 Q | 74 V | 43 M | Unloved QualityDeep dive → | |
| 13 | Value 77: cheap on P/E and below book value. Momentum 60: quarterly earnings growing and near its 52-week high. Quality 52: wide operating margins but a tight balance sheet. | Yield 6.1% | P/E 2.2 | 90 Score | 52 Q | 77 V | 60 M | Full House | |
| 14 | Value 72: cheap on sales and cheap on free cash flow. Momentum 64: near its 52-week high and above its moving averages. Quality 53: F-Score 8/9 but a tight balance sheet. | Yield 1.9% | P/E 18.7 | 90 Score | 53 Q | 72 V | 64 M | Full House | |
| 15 | Quality 87: strong free cash flow and ROIC in the top 5% of its sector. Value 51: cheap on free cash flow but far above book value. Momentum 50: above its moving averages but quarterly earnings shrinking. | Yield 1.3% | P/E 30.2 | 90 Score | 87 Q | 51 V | 50 M | Full HouseDir. buyBuybackDeep dive → | |
| 16 | Quality 88: high return on equity and ROIC in the top 5% of its sector. Value 56: a high yield but far above book value. Momentum 43: quarterly earnings growing but EPS deteriorating. | Yield 4.5% | P/E 12.1 | 89 Score | 88 Q | 56 V | 43 M | Unloved QualityDir. buy | |
| 17 | Value 71: cheap on sales and cheap on free cash flow. Momentum 62: near its 52-week high and outperforming the market over 6 months. Quality 54: interest well covered but a tight balance sheet. | Yield 1.8% | P/E 18.5 | 89 Score | 54 Q | 71 V | 62 M | Full House | |
| 18 | Momentum 84: near its 52-week high and quarterly earnings growing. Quality 57: mixed. Value 46: mixed. | Yield 2.8% | P/E 27.3 | 89 Score | 57 Q | 46 V | 84 M | Premium Grower | |
| 19 | Momentum 79: near its 52-week high and outperforming the market over 6 months. Quality 72: high return on equity and high gross profitability. Value 35: far above book value. | Yield 1.3% | P/E 14.8 | 89 Score | 72 Q | 35 V | 79 M | Premium GrowerDir. buyBuybackDeep dive → | |
| 20 | Value 75: cheap on sales and cheap on free cash flow. Quality 70: high gross profitability and high return on equity. Momentum 40: estimates cut. | Yield 3.4% | P/E 13.1 | 88 Score | 70 Q | 75 V | 40 M | Unloved QualityBuyback | |
| 21 | Momentum 64: near its 52-week high and above its moving averages. Quality 63: F-Score 8/9 and strong free cash flow. Value 58: cheap on free cash flow. | Yield 2.7% | P/E 19.9 | 88 Score | 63 Q | 58 V | 64 M | Full House | |
| 22 | Momentum 65: near its 52-week high and above its moving averages. Quality 63: F-Score 8/9 and wide operating margins. Value 56: mixed. | Yield 2.0% | P/E 24.0 | 88 Score | 63 Q | 56 V | 65 M | Full HouseDeep dive → | |
| 23 | Momentum 75: outperforming the market over 6 months and above its moving averages. Quality 55: wide operating margins but thin interest cover. Value 54: cheap on P/E but expensive on free cash flow. | Yield 0.9% | P/E 4.6 | 87 Score | 55 Q | 54 V | 75 M | Full HouseDir. buy | |
| 24 | Value 61: cheap on EV/EBITDA and cheap on P/E. Quality 61: high return on equity and ROIC in the top 25% of its sector. Momentum 61: quarterly earnings growing. | Yield 2.0% | P/E 11.9 | 87 Score | 61 Q | 61 V | 61 M | Full House | |
| 25 | Quality 66: strong free cash flow and high gross profitability. Momentum 61: near its 52-week high and above its moving averages. Value 56: mixed. | Yield 2.2% | P/E 17.4 | 87 Score | 66 Q | 56 V | 61 M | Full HouseDir. buy | |
Ranked by StockRank (Quality + Value + Momentum composite) at a minimum market cap of $250M. Yield and P/E are as of the data date; click a ticker for today’s price and score. A new edition is generated on the first scoring run of each month.
Director buying reported in the 90 days to : Truecaller AB (publ) TRUE-B.ST, Zinzino AB (publ) ZZ-B.ST, Storytel AB (publ) STORY-B.ST, Bure Equity AB (publ) BURE.ST, Nyab AB (publ) NYAB.ST
Active share buybacks in the 180 days to : Truecaller AB (publ) TRUE-B.ST, Storytel AB (publ) STORY-B.ST, Synsam AB (publ) SYNSAM.ST
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How Sweden scores
Where the top 25 come from, and how the whole Swedish market sits against the global universe. StockRank is a global percentile, so the universe splits evenly into five bands by construction; a market that piles up on the right is scoring well as a whole.
Top 25 by sector
- Industrials6
- Financial Services4
- Healthcare4
- Technology4
- Basic Materials2
- Communication Services2
- Other3
Share of Swedish stocks by StockRank band
- 0-1913% / 20%
- 20-3920% / 20%
- 40-5924% / 20%
- 60-7925% / 20%
- 80-10018% / 20%
Swedenall markets
Investment Companies, Share Classes and the Quality Premium
Sweden has more listed companies per head than any other country in Europe and an equity culture to match: tax-advantaged savings accounts, a retail investor base that follows small caps, and a corporate model built on serial acquirers, investment companies and founder-family control. It is the deepest stock market MoatMap covers outside the big five, and it is priced as a quality market. The list below is where Quality, Value and Momentum agree.
MoatMap scored 457 Swedish stocks on 2026-10-01; 286 cleared the $250M market-cap floor this list applies. The market's average StockRank is 53. Industrials is the most represented sector in the top 10 (3 names).
Three features of the Swedish market shape what a screen surfaces. The first is the investment company: Investor, Industrivärden, Creades, Latour and their peers are listed holding companies that own controlling stakes in other listed businesses and trade at a discount or premium to their net asset value. They score well on Quality and Value by construction, because their reported earnings include unrealised gains on the portfolio, so a single-digit earnings multiple on an investment company is not what the same multiple on an operating business means. Read their discount to net asset value instead, which they publish monthly.
The second is share classes. Swedish companies commonly list A shares with ten votes and B shares with one, and sometimes C or D shares with preference-like dividends, and the two lines of one company can both clear the screen because their prices differ slightly. This page collapses them so each company occupies one slot at its better-scoring class. The third is the serial acquirer: Lifco, Indutrade, Addtech, Lagercrantz, Storskogen and dozens of smaller followers buy niche industrial businesses at low multiples and compound the cash flows, a model Sweden exports and that the Quality pillar rewards as long as the balance sheet holds.
Sweden's disclosure is among the best in the world and MoatMap reads it at the source. Persons discharging managerial responsibilities must report trades to the Financial Supervisory Authority within three business days under the EU Market Abuse Regulation, and the regulator publishes them in a searchable register the same day, with the person, the role, the instrument, the volume and the price. Buybacks are disclosed as daily aggregated reports. The director-buying and buyback callouts below the table draw on those filings through MoatMap's Nordic feed, which covers Stockholm alongside Helsinki, Copenhagen and Iceland.
The market is priced as a quality market and it moves with the krona and with rates. The krona weakened for most of a decade before recovering, so an unhedged foreign holder's return has often been dominated by the currency, and Swedish property companies and other rate-sensitive names swing with the Riksbank's cycle. Foreign access is straightforward through international brokers, Sweden withholds tax on dividends to non-residents with treaty relief, and there is no Swedish capital gains tax for most non-residents, though residency rules vary and are worth confirming.
Frequently Asked Questions
- What are the top-ranked Swedish stocks right now?
- The table above ranks MoatMap's top 25 Nasdaq Stockholm stocks by StockRank, a composite of Quality (ROIC, F-Score, leverage), Value (P/E, EV/EBITDA, P/B, shareholder yield) and Momentum (price trend plus earnings revisions). It refreshes monthly with a stated data date, and each ticker links to a full score breakdown.
- Why do Swedish investment companies score so well?
- Investor, Industrivärden, Creades and their peers are listed holding companies whose reported earnings include unrealised gains on the stakes they own, so their earnings multiples read very low in a rising market and their Quality and Value scores are high by construction. They are excellent businesses, but read their published discount or premium to net asset value rather than the P/E.
- What is the difference between A and B shares?
- A shares typically carry ten votes and B shares one; C and D shares are rarer classes with preference-like dividends. The lines trade at slightly different prices and can both clear the screen, so this page keeps one line per company, the higher-scoring one, and a top 25 is 25 businesses rather than 25 tickers.
- Does MoatMap track Swedish insider trades and buybacks?
- Yes, through the Nordic feed, which reads the Financial Supervisory Authority's insider register (MAR Article 19 filings, published within three business days) and the daily buyback reports for Stockholm, Helsinki, Copenhagen and Iceland. The callouts on this page use the Stockholm rows.
- How can foreigners buy Swedish stocks, and what about the krona?
- Most international brokers offer Nasdaq Stockholm access. Sweden withholds tax on dividends to non-residents, reduced under treaties, and most non-residents pay no Swedish capital gains tax, subject to residency rules worth confirming. The krona has moved enough over the past decade to dominate an unhedged foreign holder's return in some years.
- How often does this Sweden ranking refresh?
- A new edition forms on the first scoring run of each calendar month and the page states its data-as-of date. Underlying scores recompute nightly; for the daily view, use the ranked-stocks screener filtered to Sweden.