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Swedish (OMX) Industrials Sector Analysis

UpdatedFeb 17, 2026
DataAggregated Company Financials
Companies156
  • 7D-1.9%
  • 3M15.6%
  • 1Y6.1%
  • YTD7.8%

Over the last 7 days, the Industrials industry has dropped 1.3%, driven by pullbacks in Verisure and Saab of 19% and 4.8%, respectively. This takes the industry's 12 month performance to a gain of 6.6%. As for the next few years, earnings are expected to grow by 14% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 17 Feb 2026SEK 5.0tSEK 2.5tSEK 166.5b23.5x29.8x2x
Thu, 15 Jan 2026SEK 4.8tSEK 2.5tSEK 172.2b26x27.6x1.9x
Sat, 13 Dec 2025SEK 4.5tSEK 2.5tSEK 172.2b25.2x26.2x1.8x
Mon, 10 Nov 2025SEK 4.3tSEK 2.5tSEK 172.0b24.2x25.2x1.7x
Wed, 08 Oct 2025SEK 4.4tSEK 2.5tSEK 175.5b24.3x25x1.8x
Fri, 05 Sep 2025SEK 4.2tSEK 2.5tSEK 175.5b23.4x24.1x1.7x
Sun, 03 Aug 2025SEK 4.2tSEK 2.4tSEK 173.0b24.5x24.1x1.7x
Tue, 01 Jul 2025SEK 4.2tSEK 2.5tSEK 183.8b23.2x22.8x1.7x
Thu, 29 May 2025SEK 4.2tSEK 2.5tSEK 183.9b23.3x23.1x1.7x
Sat, 26 Apr 2025SEK 4.1tSEK 2.5tSEK 182.4b21.4x22.5x1.6x
Mon, 24 Mar 2025SEK 4.4tSEK 2.5tSEK 185.8b23.1x23.8x1.8x
Wed, 19 Feb 2025SEK 4.7tSEK 2.5tSEK 186.1b24.6x25.4x1.9x
Fri, 17 Jan 2025SEK 4.3tSEK 2.5tSEK 183.7b23.8x23.4x1.7x
Sun, 15 Dec 2024SEK 4.3tSEK 2.5tSEK 183.7b23.8x23.4x1.7x
Tue, 12 Nov 2024SEK 4.4tSEK 2.5tSEK 185.8b23.3x23.6x1.8x
Thu, 10 Oct 2024SEK 4.4tSEK 2.5tSEK 185.3b23.4x23.9x1.8x
Sat, 07 Sep 2024SEK 4.2tSEK 2.5tSEK 185.8b24.1x22.3x1.6x
Mon, 05 Aug 2024SEK 4.2tSEK 2.5tSEK 189.0b24.3x22x1.6x
Wed, 03 Jul 2024SEK 4.3tSEK 2.5tSEK 186.1b24.9x23.4x1.7x
Fri, 31 May 2024SEK 4.4tSEK 2.5tSEK 186.3b24.6x23.7x1.8x
Sun, 28 Apr 2024SEK 4.2tSEK 2.5tSEK 189.5b22.1x22.4x1.7x
Tue, 26 Mar 2024SEK 4.3tSEK 2.5tSEK 192.1b21.6x22.6x1.7x
Thu, 22 Feb 2024SEK 4.1tSEK 2.5tSEK 192.4b22.1x21.1x1.6x
Sat, 20 Jan 2024SEK 3.8tSEK 2.5tSEK 182.0b19.9x20.7x1.5x
Mon, 18 Dec 2023SEK 4.0tSEK 2.5tSEK 182.0b19.3x21.8x1.6x
Wed, 15 Nov 2023SEK 3.6tSEK 2.5tSEK 180.7b17.5x19.8x1.4x
Fri, 13 Oct 2023SEK 3.6tSEK 2.4tSEK 176.1b16.9x20.2x1.5x
Sun, 10 Sep 2023SEK 3.5tSEK 2.4tSEK 176.1b18.1x20.1x1.5x
Tue, 08 Aug 2023SEK 3.6tSEK 2.4tSEK 174.7b18.7x20.9x1.5x
Thu, 06 Jul 2023SEK 3.7tSEK 2.4tSEK 167.9b18.8x22x1.6x
Sat, 03 Jun 2023SEK 3.8tSEK 2.4tSEK 167.4b19.2x22.6x1.6x
Mon, 01 May 2023SEK 3.8tSEK 2.3tSEK 165.7b19.7x22.7x1.6x
Wed, 29 Mar 2023SEK 3.5tSEK 2.2tSEK 156.3b19x22.6x1.6x
Fri, 24 Feb 2023SEK 3.6tSEK 2.2tSEK 156.0b19.7x23.3x1.6x
Price to Earnings Ratio

23.3x


Total Market Cap: SEK 3.6tTotal Earnings: SEK 156.0bTotal Revenue: SEK 2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Industrials Sector Price to Earnings3Y Average 23x202420252026
Current Industry PE
  • Investors are optimistic on the Swedish Industrials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 29.9x which is higher than its 3-year average PE of 23.0x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 2.1% per year over the last three years.
  • Revenues for these companies have grown 3.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

SE Market-1.74%
Industrials-1.88%
Airlines0%0
Transportation0%0
Machinery-0.064%
Construction-0.90%
Building-2.44%
Trade Distributors-2.54%
Logistics-2.68%
Marine and Shipping-3.06%
Industrials-3.95%
Professional Services-4.22%
Infrastructure-5.53%
Aerospace & Defense-5.92%
Electrical-7.31%
Commercial Services-10.33%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 72.6x.
    • Analysts are expecting annual earnings growth of 27.6%, which is higher than its past year's earnings decline of 36.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Logistics industry, expecting annual earnings growth of 52% over the next 5 years.
  • In contrast, the Industrials industry is expected to see its earnings grow 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 Price7D1YValuation
ATCO A Atlas CopcoSEK 193.201.9%
+SEK 17.5b		3.0%PE35.6x
NIBE B NIBE IndustrierSEK 39.355.7%
+SEK 4.3b		-8.0%PE34.8x
SKF B AB SKFSEK 254.802.2%
+SEK 2.5b		8.5%PE29.5x
IVSO InvisioSEK 311.0018.3%
+SEK 2.2b		-14.6%PE65.8x
INSTAL InstalcoSEK 31.7421.8%
+SEK 1.5b		-9.1%PE22.7x

Latest News

INDT
SEK 222.80
Indutrade
7D
-4.2%
1Y
-31.6%
IVSO
SEK 311.00
Invisio
7D
18.3%
1Y
-14.6%
INSTAL
SEK 31.74
Instalco
7D
21.8%
1Y
-9.1%

Instalco (STO:INSTAL) Will Pay A Smaller Dividend Than Last Year

Feb 15
Instalco (STO:INSTAL) Will Pay A Smaller Dividend Than Last Year
BEIJ B
SEK 134.10
Beijer Ref
7D
1.7%
1Y
-21.3%

Beijer Ref (STO:BEIJ B) Has Announced That It Will Be Increasing Its Dividend To SEK0.75

Feb 15
Beijer Ref (STO:BEIJ B) Has Announced That It Will Be Increasing Its Dividend To SEK0.75
NIBE B
SEK 39.35
NIBE Industrier
7D
5.7%
1Y
-8.0%
LIFCO B
SEK 310.60
Lifco
7D
-3.2%
1Y
-21.7%

LIFCO B: Higher Profitability And Dividend Will Support Future Returns

Analysts have reduced their SEK 382.0 fair value estimate for Lifco to SEK 361.0, citing updated assumptions for revenue growth, profit margins and future P/E that reflect a more balanced risk and return profile. What's in the News Lifco AB (publ) announced an annual dividend of SEK 2.70 per share.
VSURE
€9.90
Verisure
7D
-22.9%
1Y
n/a
LATO B
SEK 219.70
Investment AB Latour
7D
-3.5%
1Y
-28.4%
SAAB B
SEK 625.00
Saab
7D
-6.8%
1Y
120.0%
EPI A
SEK 258.80
Epiroc
7D
-3.8%
1Y
19.3%

Automation And Electrification Leadership Will Support Long Term Mining Equipment Demand

Catalysts About Epiroc Epiroc supplies equipment, tools, automation, electrification and digital solutions for mining and infrastructure customers globally. What are the underlying business or industry changes driving this perspective?
ADDT B
SEK 312.20
Addtech AB (publ.)
7D
-4.4%
1Y
-9.6%

ADDT B: Acquisition Pipeline And Strong Finances Will Support Future Upside

Analysts have adjusted their price target for Addtech AB (publ.), reflecting updated views on the company’s discount rate, expected revenue growth, profit margin assumptions, and future P/E multiple. The new fair value is now set at SEK 375.83.
ASSA B
SEK 379.10
ASSA ABLOY
7D
-3.3%
1Y
14.0%

ASSA B: Higher Fair Value Will Reflect Stronger Earnings Execution Confidence

Narrative Update The analyst fair value estimate for ASSA ABLOY moves from SEK 410.00 to SEK 440.00. This reflects updated views from analysts who have recently adjusted their price targets and growth assumptions while keeping a relatively similar future P/E framework.
SECU B
SEK 158.20
Securitas
7D
0.9%
1Y
0.9%

SECU B: Higher SEK 180 Fair Value Will Highlight Dividend And Margin Potential

Analysts have lifted their fair value estimate for Securitas from SEK 175.00 to SEK 180.00, citing updated assumptions for revenue growth, profit margins and future P/E expectations, even as recent research includes both higher price targets and a downgrade in rating. Analyst Commentary Recent Street research on Securitas sends a mixed but constructive signal for valuation.
ATCO A
SEK 193.20
Atlas Copco
7D
1.9%
1Y
3.0%

ATCO A: Acquisition Push And Mixed Cycle Views Will Shape Balanced Outlook

Analysts have lifted their fair value estimate for Atlas Copco from SEK 191.80 to SEK 193.25, reflecting updated revenue growth and P/E assumptions after a mix of recent target raises, trims and rating changes across the Street. Analyst Commentary Recent research on Atlas Copco has been mixed, with both valuation upgrades and downgrades coming through in quick succession.
SKF B
SEK 254.80
AB SKF
7D
2.2%
1Y
8.5%

SKF B: Index Addition And Clean Tech Plans Will Offset Rating Downgrades

Analysts have trimmed their price target for AB SKF to SEK 260.25 from about SEK 268.53, reflecting recent downgrades and revised assumptions for growth, margins and future P/E multiples. Analyst Commentary Recent research has leaned more cautious on AB SKF, with several downgrades and target trims pointing to a reassessment of growth, margins and the appropriate P/E multiple for the shares.
TREL B
SEK 391.20
Trelleborg
7D
1.3%
1Y
-9.2%

TREL B: Future View Will Balance Dividend Update And Fine Tuned Expectations

The analyst fair value estimate for Trelleborg has shifted slightly lower to SEK 410.70 from SEK 413.78, as analysts factor in revised revenue growth, profit margin and P/E assumptions alongside recent Street target tweaks in SEK 5 to SEK 10 increments. Analyst Commentary Bullish Takeaways Bullish analysts highlight the recent positive initiation from JPMorgan as a sign that large global firms are paying closer attention to Trelleborg's equity story, even with target tweaks occurring.