Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Swedish (OMX) Industrials Sector Analysis

UpdatedMar 12, 2026
DataAggregated Company Financials
Companies157
  • 7D-2.7%
  • 3M4.5%
  • 1Y6.4%
  • YTD3.5%

Last week, the Industrials industry hasn't moved much but Saab is up 6.0% in that time. The past year has been better, since the industry has gained 8.2% in that time. 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, 12 Mar 2026SEK 4.8tSEK 2.5tSEK 167.0b23.8x28.6x1.9x
Sat, 07 Feb 2026SEK 5.0tSEK 2.5tSEK 166.7b24.9x30x2x
Mon, 05 Jan 2026SEK 4.6tSEK 2.5tSEK 172.2b25.6x26.4x1.8x
Wed, 03 Dec 2025SEK 4.4tSEK 2.5tSEK 172.2b24.5x25.5x1.8x
Fri, 31 Oct 2025SEK 4.5tSEK 2.5tSEK 172.1b25.1x26x1.8x
Sun, 28 Sep 2025SEK 4.3tSEK 2.5tSEK 175.5b23x24.3x1.7x
Tue, 26 Aug 2025SEK 4.4tSEK 2.5tSEK 175.5b23.3x24.9x1.7x
Thu, 24 Jul 2025SEK 4.3tSEK 2.4tSEK 171.0b24.4x25.3x1.8x
Sat, 21 Jun 2025SEK 4.1tSEK 2.5tSEK 184.0b22.3x22.3x1.6x
Mon, 19 May 2025SEK 4.3tSEK 2.5tSEK 183.8b23.1x23.5x1.7x
Wed, 16 Apr 2025SEK 4.0tSEK 2.5tSEK 185.6b20.5x21.7x1.6x
Fri, 14 Mar 2025SEK 4.5tSEK 2.5tSEK 185.7b23.1x24x1.8x
Sun, 09 Feb 2025SEK 4.5tSEK 2.5tSEK 185.4b23.3x24.1x1.8x
Tue, 07 Jan 2025SEK 4.2tSEK 2.5tSEK 183.7b23.7x22.8x1.7x
Thu, 05 Dec 2024SEK 4.4tSEK 2.5tSEK 183.9b23.1x23.9x1.8x
Sat, 02 Nov 2024SEK 4.3tSEK 2.5tSEK 181.7b23.7x23.5x1.7x
Mon, 30 Sep 2024SEK 4.5tSEK 2.5tSEK 185.3b23.7x24.3x1.8x
Wed, 28 Aug 2024SEK 4.3tSEK 2.5tSEK 186.3b23.6x23.2x1.7x
Fri, 26 Jul 2024SEK 4.3tSEK 2.5tSEK 189.4b24.3x22.9x1.7x
Sun, 23 Jun 2024SEK 4.3tSEK 2.5tSEK 186.0b25.6x23.4x1.7x
Tue, 21 May 2024SEK 4.5tSEK 2.5tSEK 186.2b24x24.1x1.8x
Thu, 18 Apr 2024SEK 4.2tSEK 2.5tSEK 192.6b21.4x21.8x1.7x
Sat, 16 Mar 2024SEK 4.3tSEK 2.5tSEK 192.1b21.6x22.2x1.7x
Mon, 12 Feb 2024SEK 3.9tSEK 2.5tSEK 193.2b20.6x20.4x1.6x
Wed, 10 Jan 2024SEK 3.8tSEK 2.5tSEK 182.1b20.5x21.1x1.5x
Fri, 08 Dec 2023SEK 3.8tSEK 2.5tSEK 182.0b18.6x20.8x1.5x
Sun, 05 Nov 2023SEK 3.5tSEK 2.5tSEK 184.5b16.4x18.8x1.4x
Tue, 03 Oct 2023SEK 3.5tSEK 2.4tSEK 176.1b17.6x19.8x1.4x
Thu, 31 Aug 2023SEK 3.6tSEK 2.4tSEK 176.1b18x20.2x1.5x
Sat, 29 Jul 2023SEK 3.7tSEK 2.4tSEK 174.6b19.3x21.3x1.5x
Mon, 26 Jun 2023SEK 3.7tSEK 2.4tSEK 167.9b18.8x21.9x1.6x
Wed, 24 May 2023SEK 3.8tSEK 2.3tSEK 167.5b19.1x22.5x1.6x
Fri, 21 Apr 2023SEK 3.7tSEK 2.3tSEK 162.2b20.3x23x1.6x
Sun, 19 Mar 2023SEK 3.5tSEK 2.2tSEK 156.1b18.7x22.1x1.5x
Price to Earnings Ratio

22.1x


Total Market Cap: SEK 3.5tTotal Earnings: SEK 156.1bTotal 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 28.8x which is higher than its 3-year average PE of 23.1x.
  • 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 2.3% 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-1.84%
Industrials-2.68%
Electrical0.15%
Airlines0%0
Transportation0%0
Aerospace & Defense-0.067%
Commercial Services-1.12%
Professional Services-1.43%
Infrastructure-2.32%
Construction-2.39%
Trade Distributors-2.44%
Marine and Shipping-2.59%
Machinery-2.70%
Logistics-2.76%
Industrials-2.96%
Building-5.32%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 74.0x.
    • Analysts are expecting annual earnings growth of 23.5%, 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 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
SAAB B SaabSEK 663.900.2%
+SEK 591.5m		70.9%PE56.5x
BRAV Bravida HoldingSEK 104.402.4%
+SEK 490.9m		14.9%PE17.3x
FMM B FM MattssonSEK 92.2011.1%
+SEK 389.3m		89.3%PE26.9x
STOR B Storskogen GroupSEK 8.972.3%
+SEK 334.0m		-31.6%PE14.2x
HTRO Hexatronic GroupSEK 30.655.6%
+SEK 333.1m		5.6%PS0.8x

Latest News

SVIK
SEK 318.00
Studsvik
7D
10.4%
1Y
160.2%
SKA B
SEK 261.10
Skanska
7D
-3.3%
1Y
9.4%
EPI A
SEK 244.00
Epiroc
7D
-4.2%
1Y
15.8%

EPI A: Index Addition Will Coincide With Steady Stance On Rich P/E

Analysts have nudged their Epiroc price target slightly higher to around SEK236 from about SEK233, reflecting updated assumptions around the discount rate, revenue growth, profit margins and the future P/E multiple in their models. What's in the News Epiroc AB (publ) has been added to the OMX Nordic 40 Index, which can increase visibility among index and fund investors who track that benchmark (Key Developments).
LIFCO B
SEK 295.80
Lifco
7D
-3.2%
1Y
-16.2%
SKF B
SEK 231.80
AB SKF
7D
-4.5%
1Y
1.6%
ASSA B
SEK 351.30
ASSA ABLOY
7D
-6.1%
1Y
8.6%

ASSA B: European Construction Recovery Expectations Will Test Rich Multiple And Execution Credentials

The analyst price target for ASSA ABLOY has increased by about SEK 5 to SEK 312, as analysts factor in updated assumptions on growth, margins and P/E multiples, along with recent Street research that highlights a potential recovery in European construction activity and mixed views across brokerage houses. Analyst Commentary Recent Street research on ASSA ABLOY presents a split view, with some firms lifting ratings and targets and others turning more cautious.
ATCO A
SEK 176.75
Atlas Copco
7D
-4.1%
1Y
0.08%

ATCO A: Mixed Ratings And Special Dividend Will Shape Future Balance

The analyst price target for Atlas Copco has edged higher to SEK 194.0, with analysts citing a small adjustment to the discount rate and steady assumptions for revenue growth, profit margins and future P/E as key factors behind the move, despite mixed recent rating and target changes from Goldman Sachs, Deutsche Bank, Citi and Pareto. Analyst Commentary Recent research on Atlas Copco reflects a split view, with some on the Street focusing on earnings power and end market trends, and others concentrating on valuation risk and execution hurdles.
VOLV B
SEK 331.70
AB Volvo
7D
-2.4%
1Y
5.1%

VOLV B: Truck Cycle Weakness And Tariff Effects Will Shape Future Returns

Analysts have lifted the AB Volvo price target by SEK 8 to reflect slightly higher modeled fair value, supported by a series of recent SEK 10 to SEK 30 target increases and mixed rating changes that point to adjusted assumptions for revenue growth and margins despite ongoing truck market headwinds. Analyst Commentary Recent Street research on AB Volvo reflects a mix of optimism on valuation upside and caution around the truck cycle, with several firms adjusting price targets while fine tuning ratings.
SAAB B
SEK 663.90
Saab
7D
0.2%
1Y
70.9%

SAAB B: Recent Defence Orders And Alliance Participation Will Support Upside Potential

Narrative Update on Saab We lift our Saab fair value estimate to SEK 760 from SEK 660, reflecting analysts' higher price targets, including recent increases to SEK 516 and SEK 540, alongside updated assumptions for slightly stronger revenue growth, profit margins, and a marginally higher future P/E multiple. Analyst Commentary Recent Street research on Saab has leaned cautiously positive, with several bullish analysts lifting their price targets while still holding conservative ratings.
BRAV
SEK 104.40
Bravida Holding
7D
2.4%
1Y
14.9%
HTRO
SEK 30.65
Hexatronic Group
7D
5.6%
1Y
5.6%
FMM B
SEK 92.20
FM Mattsson
7D
11.1%
1Y
89.3%
ALLIGO B
SEK 131.00
Alligo
7D
4.1%
1Y
-3.7%

ALLIGO B: New CEO Appointment And Higher Dividend Will Support Future Upside

Analysts have raised their price target on Alligo by SEK 1 to SEK 162.67, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E as the main factors behind the change. What's in the News The Board of Directors has appointed Samuel Alteborg as Alligo's new CEO, with the role effective no later than mid August 2026.
FAG
SEK 28.35
Fagerhult Group
7D
4.4%
1Y
-34.7%
LATO B
SEK 207.20
Investment AB Latour
7D
-3.6%
1Y
-27.6%
STOR B
SEK 8.97
Storskogen Group
7D
2.3%
1Y
-31.6%

Analyst Estimates: Here's What Brokers Think Of Storskogen Group AB (publ) (STO:STOR B) After Its Full-Year Report

Feb 13
Analyst Estimates: Here's What Brokers Think Of Storskogen Group AB (publ) (STO:STOR B) After Its Full-Year Report