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Danish (OMX) Industrials Sector Analysis

UpdatedFeb 27, 2026
DataAggregated Company Financials
Companies32
  • 7D-2.1%
  • 3M10.0%
  • 1Y20.6%
  • YTD-0.2%

Over the last 7 days, the Industrials industry has dropped 2.1%, driven by pullbacks in DSV and A.P. Møller - Mærsk of 2.1% and 3.0%, respectively. This takes the industry's 12 month performance to a gain of 21%. Earnings are forecast to grow by 1.7% annually.

Sector Valuation and Performance

Has the Danish Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Feb 2026DKK 1.0tDKK 1.0tDKK 40.0b18.1x25.4x1x
Sun, 25 Jan 2026DKK 1.1tDKK 997.6bDKK 59.9b18.7x17.6x1.1x
Tue, 23 Dec 2025DKK 998.9bDKK 999.9bDKK 60.1b17.6x16.6x1x
Thu, 20 Nov 2025DKK 906.5bDKK 1.0tDKK 61.0b16.2x14.8x0.9x
Sat, 18 Oct 2025DKK 882.3bDKK 983.7bDKK 73.1b16.7x12.1x0.9x
Mon, 15 Sep 2025DKK 873.3bDKK 981.2bDKK 72.8b15.8x12x0.9x
Wed, 13 Aug 2025DKK 927.0bDKK 979.3bDKK 71.6b15.2x12.9x0.9x
Fri, 11 Jul 2025DKK 903.6bDKK 954.9bDKK 73.3b15.6x12.3x0.9x
Sun, 08 Jun 2025DKK 911.7bDKK 964.9bDKK 74.5b15.7x12.2x0.9x
Tue, 06 May 2025DKK 856.4bDKK 959.2bDKK 68.4b14.5x12.5x0.9x
Thu, 03 Apr 2025DKK 822.4bDKK 973.1bDKK 69.9b14.4x11.8x0.8x
Sat, 01 Mar 2025DKK 865.2bDKK 989.1bDKK 71.7b14.6x12.1x0.9x
Mon, 27 Jan 2025DKK 820.6bDKK 942.1bDKK 50.1b14.2x16.4x0.9x
Wed, 25 Dec 2024DKK 856.0bDKK 945.6bDKK 50.4b14.2x17x0.9x
Fri, 22 Nov 2024DKK 849.1bDKK 940.8bDKK 49.9b15.7x17x0.9x
Sun, 20 Oct 2024DKK 872.3bDKK 883.7bDKK 30.9b17.1x28.2x1x
Tue, 17 Sep 2024DKK 824.3bDKK 875.3bDKK 30.7b16.6x26.8x0.9x
Thu, 15 Aug 2024DKK 801.7bDKK 878.1bDKK 30.6b16x26.2x0.9x
Sat, 13 Jul 2024DKK 812.2bDKK 876.7bDKK 36.1b14.8x22.5x0.9x
Mon, 10 Jun 2024DKK 842.0bDKK 880.2bDKK 36.2b15.8x23.2x1x
Wed, 08 May 2024DKK 780.3bDKK 874.4bDKK 35.0b14.9x22.3x0.9x
Fri, 05 Apr 2024DKK 788.1bDKK 889.7bDKK 51.8b15.6x15.2x0.9x
Sun, 03 Mar 2024DKK 782.4bDKK 889.1bDKK 51.8b12.4x15.1x0.9x
Tue, 30 Jan 2024DKK 854.8bDKK 954.2bDKK 84.3b13.9x10.1x0.9x
Thu, 28 Dec 2023DKK 843.7bDKK 943.7bDKK 82.6b14.2x10.2x0.9x
Sat, 25 Nov 2023DKK 750.9bDKK 951.1bDKK 83.6b12.6x9x0.8x
Mon, 23 Oct 2023DKK 740.5bDKK 1.1tDKK 145.6b10.7x5.1x0.7x
Wed, 20 Sep 2023DKK 824.0bDKK 1.1tDKK 144.4b11.1x5.7x0.8x
Fri, 18 Aug 2023DKK 850.4bDKK 1.1tDKK 141.8b12.5x6x0.8x
Sun, 16 Jul 2023DKK 928.7bDKK 1.1tDKK 188.8b13x4.9x0.8x
Tue, 13 Jun 2023DKK 890.7bDKK 1.1tDKK 196.4b13.2x4.5x0.8x
Thu, 11 May 2023DKK 884.2bDKK 1.1tDKK 192.4b13x4.6x0.8x
Sat, 08 Apr 2023DKK 863.2bDKK 1.2tDKK 219.2b12.7x3.9x0.7x
Mon, 06 Mar 2023DKK 988.9bDKK 1.2tDKK 224.2b13.1x4.4x0.8x
Price to Earnings Ratio

4.4x


Total Market Cap: DKK 988.9bTotal Earnings: DKK 224.2bTotal Revenue: DKK 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Danish Industrials Sector Price to Earnings3Y Average 13.6x202420252026
Current Industry PE
  • Investors are optimistic on the Danish Industrials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 25.4x which is higher than its 3-year average PE of 13.6x.
  • The 3-year average PS ratio of 0.88x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have declined 44% per year over the last three years,
  • Revenues have also declined 5.3% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Danish Industrials sector?

DK Market-8.09%
Industrials-2.05%
Machinery2.68%
Electrical0.39%
Trade Distributors0.20%
Professional Services0%0
Infrastructure0%0
Logistics-2.10%
Marine and Shipping-2.89%
Building-6.12%
Transportation-6.79%
Commercial Services-7.46%
Aerospace & Defense-7.71%
Construction-8.23%
Industry PE
  • Investors are most optimistic about the Building industry which is trading above its 3-year average PE ratio of 19.6x.
    • Analysts are expecting annual earnings growth of 28.7%, which is higher than its past year's earnings decline of 94.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Trade Distributors industry, expecting annual earnings growth of 46% over the next 5 years.
  • This is better than its past earnings decline of 3.8% per year.
  • In contrast, the Marine and Shipping industry is expected to see its earnings decline by 61% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
VWS Vestas Wind SystemsDKK 162.401.7%
+DKK 2.6b		60.2%PE27.6x
NKT NKTDKK 823.002.2%
+DKK 962.1m		68.0%PE22.3x
FLS FLSmidthDKK 560.502.7%
+DKK 756.8m		49.1%PE42.9x
DFDS DFDSDKK 104.302.9%
+DKK 156.6m		1.6%PS0.2x
AOJ B Brødrene A & O JohansenDKK 96.603.9%
+DKK 97.8m		10.1%PE13.1x

Latest News

AOJ B
DKK 96.60
Brødrene A & O Johansen
7D
3.9%
1Y
10.1%
PAAL B
DKK 795.00
Per Aarsleff Holding
7D
-9.9%
1Y
73.2%
NKT
DKK 823.00
NKT
7D
2.2%
1Y
68.0%
DSV
DKK 1,634.00
DSV
7D
-2.7%
1Y
13.2%

DSV: Schenker Synergies And Resilient Margins Will Shape Future Returns

The updated analyst price target for DSV moves slightly higher to reflect a fair value adjustment from DKK 2,030.45 to DKK 2,062.05, with analysts pointing to modestly higher profit margin expectations and a steady long term P/E outlook, despite more muted revenue growth assumptions. Analyst Commentary Recent research updates cluster around higher price targets for DSV, pointing to a reassessment of what analysts see as fair value rather than a shift in the underlying rating stance.
MTHH
DKK 423.50
MT Højgaard Holding
7D
-8.5%
1Y
46.0%
FLS
DKK 560.50
FLSmidth
7D
2.7%
1Y
49.1%

FLS: March Capital Markets Day Will Frame Balanced Execution And Pricing Risks

Analysts have raised their fair value estimate for FLSmidth from DKK 514.7 to DKK 538.7, reflecting updated expectations for revenue growth and profitability. Recent Street targets ranging from DKK 545 to DKK 710 have guided the revised view.
ISS
DKK 225.00
ISS
7D
-4.9%
1Y
39.2%
DONKEY
DKK 7.60
DonkeyRepublic Holding
7D
-5.0%
1Y
11.8%
MAERSK B
DKK 15,675.00
A.P. Møller - Mærsk
7D
-2.1%
1Y
24.7%

MAERSK B: Prolonged Freight Weakness Will Continue To Pressure Future Earnings

Analysts have nudged their fair value estimate for A.P. Møller - Mærsk higher from DKK 11,589 to DKK 12,240. This reflects updated views on revenue trajectories, profitability, and future P/E assumptions in light of mixed recent price target changes across the Street.
DFDS
DKK 104.30
DFDS
7D
2.9%
1Y
1.6%

DFDS: New Leadership And Earnings Reset Will Support Future Upside Potential

Analysts have kept their DKK 150.00 price target for DFDS unchanged, citing revised assumptions that now reflect lower revenue growth, a tighter profit margin profile, and a higher future P/E multiple in their models. What's in the News DFDS reported operating results for January 2026, with freight lane metres at 3,324,000 versus 3,283,000 a year earlier and passengers at 221,000 versus 263,000.
NTG
DKK 171.00
NTG Nordic Transport Group
7D
-3.4%
1Y
-31.5%

NTG: New CFO Appointment Will Support Transformation And Signal Future Share Upside

Analysts have adjusted their price target on NTG Nordic Transport Group to DKK222. This reflects updated assumptions for the discount rate, revenue growth, profit margin and a slightly lower future P/E multiple.
VWS
DKK 162.40
Vestas Wind Systems
7D
1.7%
1Y
60.2%

VWS: Execution And Growth Risks Will Pressure Already Elevated P/E Assumptions

Narrative Update The analyst price target for Vestas Wind Systems has been revised to DKK 94.76 from DKK 91.91, with analysts pointing to a slightly higher fair value estimate supported by modestly adjusted discount rate, revenue, profit margin, and future P/E assumptions, alongside mixed recent Street research. Analyst Commentary Recent Street research on Vestas Wind Systems shows a split view, with some support for a higher valuation alongside a more cautious tone from bearish analysts who question how much upside is left relative to execution and growth risks.
ROCK B
DKK 210.60
Rockwool
7D
-7.3%
1Y
-25.6%

ROCK B: Margin And Execution Risks Will Likely Constrain Future Returns

Our Rockwool fair value estimate has shifted from DKK 191.09 to DKK 195.75 as analysts balance lower price targets from Berenberg and Morgan Stanley with more supportive views from JPMorgan, Goldman Sachs and UBS. Analyst Commentary Recent Street research on Rockwool reflects a mix of supportive and cautious views, with bearish analysts trimming price targets while larger firms such as JPMorgan and Goldman Sachs take a more constructive stance.
KLEE B
DKK 4,300.00
Brd. Klee
7D
2.4%
1Y
0.9%
SKAKO
DKK 56.20
SKAKO
7D
2.6%
1Y
-27.9%
KBHL
DKK 6,460.00
Københavns Lufthavne
7D
-0.9%
1Y
-2.1%