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Swedish (OMX) Industrials Sector Analysis

UpdatedJan 07, 2026
DataAggregated Company Financials
Companies157
  • 7D1.1%
  • 3M3.2%
  • 1Y8.3%
  • YTD1.0%

Over the last 7 days, the Industrials industry has risen 1.1%, driven by gains in Saab and Atlas Copco of 11% and 3.9%, respectively. In the last 12 months, the industry was up 8.3%. Earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 Jan 2026SEK 4.6tSEK 2.5tSEK 172.2b25.7x26.7x1.8x
Fri, 05 Dec 2025SEK 4.5tSEK 2.5tSEK 172.2b25.1x26.1x1.8x
Sun, 02 Nov 2025SEK 4.4tSEK 2.5tSEK 172.2b24.5x25.8x1.8x
Tue, 30 Sep 2025SEK 4.3tSEK 2.5tSEK 175.5b23.6x24.3x1.7x
Thu, 28 Aug 2025SEK 4.3tSEK 2.5tSEK 175.6b23.4x24.6x1.7x
Sat, 26 Jul 2025SEK 4.3tSEK 2.4tSEK 171.0b24.8x25.3x1.8x
Mon, 23 Jun 2025SEK 4.1tSEK 2.5tSEK 184.0b22.3x22.3x1.6x
Wed, 21 May 2025SEK 4.3tSEK 2.5tSEK 184.1b22.8x23.5x1.7x
Fri, 18 Apr 2025SEK 3.9tSEK 2.5tSEK 188.1b20.3x20.9x1.6x
Sun, 16 Mar 2025SEK 4.5tSEK 2.5tSEK 185.7b23.4x24.4x1.8x
Tue, 11 Feb 2025SEK 4.5tSEK 2.5tSEK 185.3b23.4x24.3x1.8x
Thu, 09 Jan 2025SEK 4.2tSEK 2.5tSEK 183.7b23.6x23x1.7x
Sat, 07 Dec 2024SEK 4.4tSEK 2.5tSEK 183.9b23.1x24x1.8x
Mon, 04 Nov 2024SEK 4.3tSEK 2.5tSEK 181.7b23.7x23.5x1.7x
Wed, 02 Oct 2024SEK 4.4tSEK 2.5tSEK 185.3b23.2x24x1.8x
Fri, 30 Aug 2024SEK 4.4tSEK 2.5tSEK 186.3b24.8x23.6x1.7x
Sun, 28 Jul 2024SEK 4.4tSEK 2.5tSEK 189.0b25.4x23.2x1.7x
Tue, 25 Jun 2024SEK 4.4tSEK 2.5tSEK 186.0b24.8x23.5x1.7x
Thu, 23 May 2024SEK 4.5tSEK 2.5tSEK 186.2b24.4x24.2x1.8x
Sat, 20 Apr 2024SEK 4.2tSEK 2.5tSEK 192.7b21.5x21.8x1.7x
Mon, 18 Mar 2024SEK 4.3tSEK 2.5tSEK 192.1b21.6x22.2x1.7x
Wed, 14 Feb 2024SEK 3.9tSEK 2.5tSEK 193.1b21x20.4x1.6x
Fri, 12 Jan 2024SEK 3.8tSEK 2.5tSEK 182.0b20.7x21x1.5x
Sun, 10 Dec 2023SEK 3.8tSEK 2.5tSEK 182.2b18.8x20.9x1.5x
Tue, 07 Nov 2023SEK 3.5tSEK 2.5tSEK 184.5b16.3x18.7x1.4x
Thu, 05 Oct 2023SEK 3.5tSEK 2.4tSEK 176.1b17.2x19.7x1.4x
Sat, 02 Sep 2023SEK 3.6tSEK 2.4tSEK 176.1b18.3x20.2x1.5x
Mon, 31 Jul 2023SEK 3.7tSEK 2.4tSEK 174.7b19.3x21.3x1.5x
Wed, 28 Jun 2023SEK 3.7tSEK 2.4tSEK 167.9b18.7x21.9x1.6x
Fri, 26 May 2023SEK 3.7tSEK 2.3tSEK 167.6b18.7x21.9x1.6x
Sun, 23 Apr 2023SEK 3.7tSEK 2.3tSEK 162.6b20.2x22.8x1.6x
Tue, 21 Mar 2023SEK 3.5tSEK 2.2tSEK 156.1b19.2x22.5x1.6x
Thu, 16 Feb 2023SEK 3.7tSEK 2.2tSEK 156.0b20.6x23.4x1.6x
Sat, 14 Jan 2023SEK 3.5tSEK 2.2tSEK 162.6b18.5x21.8x1.6x
Price to Earnings Ratio

21.8x


Total Market Cap: SEK 3.5tTotal Earnings: SEK 162.6bTotal Revenue: SEK 2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Industrials Sector Price to Earnings3Y Average 22.8x202420252026
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 26.7x which is higher than its 3-year average PE of 22.8x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 5.1% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

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

SE Market0.026%
Industrials1.11%
Aerospace & Defense10.50%
Infrastructure1.87%
Machinery1.65%
Logistics1.32%
Professional Services1.30%
Construction1.01%
Marine and Shipping0.32%
Airlines0%0
Transportation0%0
Building-0.67%
Commercial Services-1.39%
Trade Distributors-2.44%
Industrials-3.13%
Electrical-3.57%
Industry PE
  • Investors are most optimistic about the Marine and Shipping industry which is trading above its 3-year average PE ratio of 44.4x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
  • Analysts are most optimistic on the Logistics industry, expecting annual earnings growth of 111% over the next 5 years.
  • In contrast, the Machinery 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
SAAB B SaabSEK 596.9011.0%
+SEK 31.9b		163.1%PE61.8x
ATCO A Atlas CopcoSEK 172.503.9%
+SEK 31.4b		-1.5%PE30.4x
VOLV B AB VolvoSEK 298.700.9%
+SEK 5.7b		4.8%PE17.1x
SAND SandvikSEK 304.901.4%
+SEK 5.4b		49.1%PE25.9x
EPI A EpirocSEK 214.002.0%
+SEK 5.0b		9.9%PE30x

Latest News

MTRS
SEK 180.00
Munters Group
7D
4.7%
1Y
-5.3%
EPI A
SEK 214.00
Epiroc
7D
2.0%
1Y
9.9%

Here's Why Epiroc (STO:EPI A) Can Manage Its Debt Responsibly

Jan 05
Here's Why Epiroc (STO:EPI A) Can Manage Its Debt Responsibly
ASSA B
SEK 353.70
ASSA ABLOY
7D
-1.4%
1Y
8.9%

These 4 Measures Indicate That ASSA ABLOY (STO:ASSA B) Is Using Debt Reasonably Well

Jan 04
These 4 Measures Indicate That ASSA ABLOY (STO:ASSA B) Is Using Debt Reasonably Well
SAND
SEK 304.90
Sandvik
7D
1.4%
1Y
49.1%

Here's Why Sandvik (STO:SAND) Has Caught The Eye Of Investors

Jan 03
Here's Why Sandvik (STO:SAND) Has Caught The Eye Of Investors
LATO B
SEK 220.90
Investment AB Latour
7D
-2.0%
1Y
-21.9%

Investors Will Want Investment AB Latour's (STO:LATO B) Growth In ROCE To Persist

Jan 01
Investors Will Want Investment AB Latour's (STO:LATO B) Growth In ROCE To Persist
ADDT B
SEK 317.40
Addtech AB (publ.)
7D
-3.1%
1Y
4.8%

Does Addtech AB (publ.) (STO:ADDT B) Have A Healthy Balance Sheet?

Dec 31
Does Addtech AB (publ.) (STO:ADDT B) Have A Healthy Balance Sheet?
SKA B
SEK 260.10
Skanska
7D
3.1%
1Y
13.1%

Skanska AB (publ)'s (STO:SKA B) Intrinsic Value Is Potentially 47% Above Its Share Price

Dec 29
Skanska AB (publ)'s (STO:SKA B) Intrinsic Value Is Potentially 47% Above Its Share Price
VOLV B
SEK 298.70
AB Volvo
7D
0.9%
1Y
4.8%

Investors Will Want AB Volvo's (STO:VOLV B) Growth In ROCE To Persist

Dec 28
Investors Will Want AB Volvo's (STO:VOLV B) Growth In ROCE To Persist
SECU B
SEK 145.30
Securitas
7D
-1.3%
1Y
8.2%

SECU B: Future Returns Likely To Disappoint Despite Upcoming Investor Day

Analysts have maintained their price target for Securitas at $114.00, as only marginal adjustments to discount rates, long term revenue expectations, and profit margin forecasts leave their overall valuation view effectively unchanged. What's in the News Securitas has scheduled an Analyst and Investor Day to provide a strategic and financial update to the market, which may signal clarification of its long term growth and margin ambitions (Key Developments).
ATCO A
SEK 172.50
Atlas Copco
7D
3.9%
1Y
-1.5%

What Does Atlas Copco AB (publ)'s (STO:ATCO A) Share Price Indicate?

Dec 26
What Does Atlas Copco AB (publ)'s (STO:ATCO A) Share Price Indicate?
INDT
SEK 234.20
Indutrade
7D
-2.6%
1Y
-18.1%

INDT: Buy-And-Build Acquisitions Will Drive Long-Term Earnings Resilience

Analysts have reduced their price target on Indutrade to approximately SEK 320 from SEK 400, reflecting a more conservative valuation multiple, despite slightly stronger growth and margin assumptions following recent downgrades to Hold. Analyst Commentary Bullish analysts acknowledge the recent downgrade to Hold but highlight that the revised assumptions still embed a constructive long term view on Indutrade, underpinned by resilient end market demand and disciplined capital allocation.
ALFA
SEK 472.00
Alfa Laval
7D
1.4%
1Y
1.3%

ALFA: Raised Guidance And Partnerships Will Support Sustainable Medium Term Performance

We raise our analyst price target on Alfa Laval to SEK 479 from SEK 470, reflecting analysts' increased confidence in slightly faster revenue growth, a marginally lower discount rate, and a modestly higher future valuation multiple supported by recent target upgrades across the Street. Analyst Commentary Analyst sentiment around Alfa Laval remains skewed positively, with multiple recent target increases and at least one rating upgrade signaling rising conviction in the company’s medium term growth and earnings trajectory.
LIFCO B
SEK 336.40
Lifco
7D
-4.4%
1Y
0.7%
SAAB B
SEK 596.90
Saab
7D
11.0%
1Y
163.1%

SAAB B: Future Defense Backlog And Execution Risks Will Shape Returns Ahead

Analysts have nudged their price target on Saab higher by SEK 30 to SEK 460, citing slightly improved long term earnings visibility and a modestly higher valuation multiple. Analyst Commentary Analyst reactions to the updated target reflect a nuanced view of Saab's risk reward profile, balancing improved long term earnings visibility against lingering concerns on valuation and execution.
OEM B
SEK 138.40
OEM International
7D
-4.8%
1Y
23.1%
VSURE
€13.82
Verisure
7D
-1.3%
1Y
n/a