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Swedish (OMX) Industrials Sector Analysis

UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies156
  • 7D-1.0%
  • 3M15.6%
  • 1Y8.7%
  • YTD8.8%

The Industrials industry is down 1.7% over the last week with Verisure the worst performer, down 20%. In the past year, the industry has gained 8.7%. Earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 19 Feb 2026SEK 5.0tSEK 2.5tSEK 165.9b24.5x30.1x2x
Sat, 17 Jan 2026SEK 4.9tSEK 2.5tSEK 172.2b26.3x28.4x2x
Mon, 15 Dec 2025SEK 4.5tSEK 2.5tSEK 172.2b25.2x26.2x1.8x
Wed, 12 Nov 2025SEK 4.4tSEK 2.5tSEK 172.0b24.6x25.7x1.8x
Fri, 10 Oct 2025SEK 4.4tSEK 2.5tSEK 175.5b23.4x25.1x1.8x
Sun, 07 Sep 2025SEK 4.3tSEK 2.5tSEK 175.5b23.3x24.5x1.7x
Tue, 05 Aug 2025SEK 4.2tSEK 2.4tSEK 173.0b24.4x24.2x1.7x
Thu, 03 Jul 2025SEK 4.2tSEK 2.5tSEK 183.8b23.5x23.1x1.7x
Sat, 31 May 2025SEK 4.2tSEK 2.5tSEK 183.9b23x22.8x1.7x
Mon, 28 Apr 2025SEK 4.1tSEK 2.5tSEK 183.0b21.4x22.4x1.6x
Wed, 26 Mar 2025SEK 4.5tSEK 2.5tSEK 185.8b22.6x24x1.8x
Fri, 21 Feb 2025SEK 4.6tSEK 2.5tSEK 185.9b24.3x25x1.8x
Sun, 19 Jan 2025SEK 4.3tSEK 2.5tSEK 183.7b24.1x23.7x1.7x
Tue, 17 Dec 2024SEK 4.3tSEK 2.5tSEK 183.7b23.7x23.3x1.7x
Thu, 14 Nov 2024SEK 4.2tSEK 2.5tSEK 185.8b22.9x22.9x1.7x
Sat, 12 Oct 2024SEK 4.4tSEK 2.5tSEK 185.3b23.5x23.7x1.7x
Mon, 09 Sep 2024SEK 4.2tSEK 2.5tSEK 185.8b24.1x22.4x1.6x
Wed, 07 Aug 2024SEK 4.1tSEK 2.5tSEK 189.0b23.8x21.5x1.6x
Fri, 05 Jul 2024SEK 4.3tSEK 2.5tSEK 186.1b24.6x23.3x1.7x
Sun, 02 Jun 2024SEK 4.4tSEK 2.5tSEK 186.3b25.2x23.8x1.8x
Tue, 30 Apr 2024SEK 4.3tSEK 2.5tSEK 189.4b22x22.6x1.7x
Thu, 28 Mar 2024SEK 4.3tSEK 2.5tSEK 192.1b21.7x22.6x1.7x
Sat, 24 Feb 2024SEK 4.1tSEK 2.5tSEK 192.1b22.1x21.4x1.6x
Mon, 22 Jan 2024SEK 3.8tSEK 2.5tSEK 182.1b19.8x20.7x1.5x
Wed, 20 Dec 2023SEK 4.0tSEK 2.5tSEK 182.1b19.3x21.8x1.6x
Fri, 17 Nov 2023SEK 3.6tSEK 2.5tSEK 180.8b17.4x20x1.5x
Sun, 15 Oct 2023SEK 3.5tSEK 2.4tSEK 176.1b16.5x19.8x1.4x
Tue, 12 Sep 2023SEK 3.6tSEK 2.4tSEK 176.1b18.2x20.2x1.5x
Thu, 10 Aug 2023SEK 3.6tSEK 2.4tSEK 174.7b18.8x20.8x1.5x
Sat, 08 Jul 2023SEK 3.7tSEK 2.4tSEK 167.9b18.5x21.8x1.6x
Mon, 05 Jun 2023SEK 3.8tSEK 2.4tSEK 167.4b19.2x22.6x1.6x
Wed, 03 May 2023SEK 3.7tSEK 2.3tSEK 165.8b19.4x22.4x1.6x
Fri, 31 Mar 2023SEK 3.7tSEK 2.2tSEK 156.3b19.9x23.4x1.6x
Sun, 26 Feb 2023SEK 3.6tSEK 2.2tSEK 156.0b19.3x23x1.6x
Price to Earnings Ratio

23x


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 30.1x 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-0.44%
Industrials-1.00%
Construction2.54%
Aerospace & Defense2.51%
Airlines0%0
Transportation0%0
Trade Distributors-0.34%
Machinery-0.69%
Building-1.47%
Industrials-1.86%
Professional Services-2.04%
Marine and Shipping-3.53%
Logistics-4.36%
Infrastructure-4.38%
Electrical-7.00%
Commercial Services-8.78%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 76.1x.
    • Analysts are expecting annual earnings growth of 27.4%, 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
ATCO A Atlas CopcoSEK 194.900.8%
+SEK 7.5b		5.4%PE35.9x
SAAB B SaabSEK 653.801.6%
+SEK 5.6b		122.3%PE55.7x
NIBE B NIBE IndustrierSEK 39.406.9%
+SEK 5.1b		-2.2%PE34.9x
ALFA Alfa LavalSEK 521.801.5%
+SEK 3.1b		12.5%PE26.1x
IVSO InvisioSEK 320.0026.7%
+SEK 3.1b		-14.0%PE67.8x

Latest News

BRAV
SEK 103.30
Bravida Holding
7D
13.5%
1Y
8.6%
ENGCON B
SEK 71.00
engcon
7D
-18.0%
1Y
-35.5%
INDT
SEK 224.60
Indutrade
7D
-2.4%
1Y
-29.8%
IVSO
SEK 320.00
Invisio
7D
26.7%
1Y
-14.0%
INSTAL
SEK 35.00
Instalco
7D
38.1%
1Y
4.7%

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

Feb 15
Instalco (STO:INSTAL) Will Pay A Smaller Dividend Than Last Year
NIBE B
SEK 39.40
NIBE Industrier
7D
6.9%
1Y
-2.2%
LIFCO B
SEK 317.80
Lifco
7D
1.1%
1Y
-18.2%

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
€10.01
Verisure
7D
-19.9%
1Y
n/a
LATO B
SEK 221.80
Investment AB Latour
7D
-4.4%
1Y
-25.7%
SAND
SEK 379.80
Sandvik
7D
-1.8%
1Y
62.4%

Sandvik (STO:SAND) Has Announced That It Will Be Increasing Its Dividend To SEK6.00

Feb 13
Sandvik (STO:SAND) Has Announced That It Will Be Increasing Its Dividend To SEK6.00
SAAB B
SEK 653.80
Saab
7D
1.6%
1Y
122.3%
EPI A
SEK 258.80
Epiroc
7D
-2.7%
1Y
20.2%

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?
ASSA B
SEK 377.20
ASSA ABLOY
7D
-2.5%
1Y
16.5%

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.
VOLV B
SEK 345.70
AB Volvo
7D
-0.8%
1Y
5.1%

VOLV B: Truck Cycle Uncertainty And Tariff Support Will Shape Medium-Term Returns

Analysts have lifted their price targets on AB Volvo, with the updated fair value estimate moving from SEK 288.51 to about SEK 323.56. This change reflects higher assumed revenue growth, a slightly lower discount rate, and a higher future P/E multiple, broadly in line with recent target increases from major banks.
ATCO A
SEK 194.90
Atlas Copco
7D
0.8%
1Y
5.4%

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.
ALFA
SEK 521.80
Alfa Laval
7D
1.5%
1Y
12.5%

ALFA: Future Margin Resilience Will Support Higher Fair Value Estimate

Analysts have revised their fair value estimate for Alfa Laval from SEK 530 to SEK 570, citing updated assumptions for revenue growth, profit margins and future P/E expectations. Analyst Commentary Recent research shows a mix of views around Alfa Laval, with some adjustments to price targets and assumptions feeding into the revised fair value estimate of SEK 570.