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Swedish (OMX) Industrials Sector Analysis

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies160
  • 7D3.4%
  • 3M1.7%
  • 1Y11.1%
  • YTD1.6%

The Industrials industry has gained 1.9% in the last week and Atlas Copco up 3.1%. This means that the industry has gained 7.1% over the past year. 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
Thu, 02 Apr 2026SEK 4.7tSEK 2.5tSEK 166.7b23.3x28x1.9x
Sat, 28 Feb 2026SEK 5.1tSEK 2.5tSEK 165.8b24.8x30.8x2.1x
Mon, 26 Jan 2026SEK 4.8tSEK 2.5tSEK 172.2b25.3x28.1x1.9x
Wed, 24 Dec 2025SEK 4.5tSEK 2.5tSEK 172.2b25.1x26.1x1.8x
Fri, 21 Nov 2025SEK 4.3tSEK 2.5tSEK 172.0b24x24.8x1.7x
Sun, 19 Oct 2025SEK 4.3tSEK 2.5tSEK 172.8b23.6x24.8x1.7x
Tue, 16 Sep 2025SEK 4.3tSEK 2.5tSEK 175.5b23.7x24.7x1.7x
Thu, 14 Aug 2025SEK 4.3tSEK 2.4tSEK 173.9b23.7x24.5x1.7x
Sat, 12 Jul 2025SEK 4.4tSEK 2.5tSEK 183.9b24.1x23.8x1.7x
Mon, 09 Jun 2025SEK 4.3tSEK 2.5tSEK 183.8b24.3x23.3x1.7x
Wed, 07 May 2025SEK 4.1tSEK 2.5tSEK 181.8b22.5x22.7x1.6x
Fri, 04 Apr 2025SEK 4.0tSEK 2.5tSEK 185.6b21.1x21.6x1.6x
Sun, 02 Mar 2025SEK 4.6tSEK 2.5tSEK 185.8b24.5x24.6x1.8x
Tue, 28 Jan 2025SEK 4.5tSEK 2.5tSEK 183.8b23.5x24.4x1.8x
Thu, 26 Dec 2024SEK 4.1tSEK 2.5tSEK 183.7b23.1x22.6x1.7x
Sat, 23 Nov 2024SEK 4.2tSEK 2.5tSEK 184.9b23x22.7x1.7x
Mon, 21 Oct 2024SEK 4.4tSEK 2.5tSEK 181.9b23.7x24.1x1.7x
Wed, 18 Sep 2024SEK 4.3tSEK 2.5tSEK 185.8b23.9x23.3x1.7x
Fri, 16 Aug 2024SEK 4.3tSEK 2.5tSEK 188.9b24x22.7x1.7x
Sun, 14 Jul 2024SEK 4.5tSEK 2.5tSEK 186.0b25x24.2x1.8x
Tue, 11 Jun 2024SEK 4.4tSEK 2.5tSEK 185.9b25x23.9x1.8x
Thu, 09 May 2024SEK 4.4tSEK 2.5tSEK 188.2b23.6x23.1x1.7x
Sat, 06 Apr 2024SEK 4.2tSEK 2.5tSEK 191.6b21.9x22.2x1.7x
Mon, 04 Mar 2024SEK 4.1tSEK 2.5tSEK 193.3b21.2x21.4x1.6x
Wed, 31 Jan 2024SEK 3.9tSEK 2.5tSEK 192.7b19.9x20x1.5x
Fri, 29 Dec 2023SEK 4.0tSEK 2.5tSEK 182.1b19.6x21.9x1.6x
Sun, 26 Nov 2023SEK 3.7tSEK 2.5tSEK 182.0b18.1x20.2x1.5x
Tue, 24 Oct 2023SEK 3.3tSEK 2.5tSEK 182.6b15.8x18x1.3x
Thu, 21 Sep 2023SEK 3.6tSEK 2.4tSEK 176.1b17.7x20.2x1.5x
Sat, 19 Aug 2023SEK 3.5tSEK 2.4tSEK 174.4b18x20x1.4x
Mon, 17 Jul 2023SEK 3.6tSEK 2.4tSEK 168.3b18.6x21.7x1.5x
Wed, 14 Jun 2023SEK 3.9tSEK 2.4tSEK 167.9b19.3x23x1.6x
Fri, 12 May 2023SEK 3.7tSEK 2.3tSEK 165.5b19x22.6x1.6x
Sun, 09 Apr 2023SEK 3.6tSEK 2.2tSEK 156.3b19.6x22.9x1.6x
Price to Earnings Ratio

22.9x


Total Market Cap: SEK 3.6tTotal Earnings: SEK 156.3bTotal Revenue: SEK 2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Industrials Sector Price to Earnings3Y Average 23.2x202420252026
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 27.2x which is higher than its 3-year average PE of 23.2x.
  • The industry is trading close to its 3-year average PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 2.2% per year over the last three years.
  • Revenues for these companies have grown 3.3% 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 Market2.73%
Industrials3.37%
Commercial Services5.21%
Aerospace & Defense4.65%
Trade Distributors4.45%
Machinery3.65%
Industrials3.33%
Infrastructure2.76%
Professional Services2.72%
Electrical2.60%
Building1.35%
Marine and Shipping1.22%
Airlines0%0
Transportation0%0
Construction-0.091%
Logistics-2.13%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 81.9x.
    • Analysts are expecting annual earnings growth of 24.1%, which is higher than its past year's earnings decline of 10.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Logistics industry, expecting annual earnings growth of 54% over the next 5 years.
  • In contrast, the Industrials industry is expected to see its earnings grow by 11% 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
SAND SandvikSEK 366.405.5%
+SEK 23.8b		88.5%PE31.3x
ATCO A Atlas CopcoSEK 166.352.6%
+SEK 20.7b		9.5%PE30.7x
VOLV B AB VolvoSEK 308.602.7%
+SEK 16.7b		20.6%PE18.2x
SAAB B SaabSEK 642.004.6%
+SEK 15.2b		56.0%PE54.7x
ASSA B ASSA ABLOYSEK 345.103.7%
+SEK 13.8b		22.2%PE26.1x

Latest News

VOLV B
SEK 308.60
AB Volvo
7D
2.7%
1Y
20.6%
SAAB B
SEK 642.00
Saab
7D
4.6%
1Y
56.0%
SKA B
SEK 239.40
Skanska
7D
-3.4%
1Y
10.2%
LIFCO B
SEK 275.00
Lifco
7D
-3.2%
1Y
-21.5%
EPI A
SEK 232.30
Epiroc
7D
2.5%
1Y
22.0%
BUFAB
SEK 104.10
Bufab
7D
-2.1%
1Y
32.1%
VSURE
€9.69
Verisure
7D
8.3%
1Y
n/a
ALFA
SEK 513.60
Alfa Laval
7D
-0.5%
1Y
25.0%
HTRO
SEK 32.04
Hexatronic Group
7D
-5.6%
1Y
37.4%

HTRO: Future Execution On Revenue And Margin Assumptions Will Likely Disappoint

Analysts have raised their price target on Hexatronic Group from SEK 21.50 to SEK 28.00, citing updated assumptions on revenue growth, profit margins and future P/E, consistent with a more constructive stance seen in recent research where SEB Equities upgraded the shares. Analyst Commentary While the latest target price adjustment to SEK 28.00 reflects a more constructive stance, not all voices in the market are positive.
MTRS
SEK 159.80
Munters Group
7D
-5.5%
1Y
59.0%
SAND
SEK 366.40
Sandvik
7D
5.5%
1Y
88.5%

SAND: Elevated P/E Assumptions Will Expose Mining Cycle Execution Risk

The updated analyst price target for Sandvik now reflects a fair value estimate of SEK 226.86, up from SEK 216.17, with analysts pointing to higher Street targets in the SEK 355 to SEK 404 range and slightly revised assumptions for growth, profitability, and future P/E multiples. Analyst Commentary Recent Street research around Sandvik presents a split picture, with several higher price targets on one side and more cautious positioning on the other.
ATCO A
SEK 166.35
Atlas Copco
7D
2.6%
1Y
9.5%
LATO B
SEK 201.70
Investment AB Latour
7D
4.6%
1Y
-23.7%
SYSR
SEK 70.70
Systemair
7D
-1.8%
1Y
-5.4%
ASSA B
SEK 345.10
ASSA ABLOY
7D
3.7%
1Y
22.2%

ASSA B: European Construction Recovery Expectations Will Support More Optimistic Rating Shift

ASSA ABLOY’s analyst price target has been raised to SEK 466, reflecting analysts’ updated fair value assumptions, a slightly lower discount rate, modestly higher expected revenue growth and a higher future P/E multiple, partly offset by a marginally lower profit margin assumption. Analyst Commentary Recent Street research on ASSA ABLOY shows a mix of constructive and cautious views around the updated SEK 466 price target, with opinions largely centered on how the company might execute against its growth opportunities and how the current valuation reflects those expectations.
INSTAL
SEK 30.98
Instalco
7D
-1.9%
1Y
0.5%

INSTAL: Higher Future P/E And Upcoming Dividend Will Support Repricing

Analysts have raised their price target on Instalco from SEK 27 to SEK 33, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of the change. What's in the News Instalco AB (publ) announced an annual dividend of SEK 0.50 per share, with payment scheduled for May 12, 2026 (Key Developments).