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Swedish (OMX) Industrials Sector Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies157
  • 7D1.1%
  • 3M11.1%
  • 1Y10.5%
  • YTD7.7%

The Industrials industry is up 1.1% in the last week, with AB Volvo up 8.0%. This means that the industry has gained 10% over the past year. Looking forward, 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
Wed, 04 Feb 2026SEK 4.9tSEK 2.5tSEK 167.2b24.4x29.4x2x
Fri, 02 Jan 2026SEK 4.5tSEK 2.5tSEK 172.3b25.5x26.4x1.8x
Sun, 30 Nov 2025SEK 4.4tSEK 2.5tSEK 172.2b24.5x25.6x1.8x
Tue, 28 Oct 2025SEK 4.6tSEK 2.5tSEK 172.8b24.8x26.4x1.8x
Thu, 25 Sep 2025SEK 4.3tSEK 2.5tSEK 175.5b23x24.4x1.7x
Sat, 23 Aug 2025SEK 4.4tSEK 2.4tSEK 173.7b23.4x25.3x1.8x
Mon, 21 Jul 2025SEK 4.2tSEK 2.4tSEK 170.7b24.2x24.9x1.7x
Wed, 18 Jun 2025SEK 4.2tSEK 2.5tSEK 184.0b22.7x22.6x1.6x
Fri, 16 May 2025SEK 4.3tSEK 2.5tSEK 183.8b23.1x23.6x1.7x
Sun, 13 Apr 2025SEK 3.8tSEK 2.5tSEK 185.7b19.8x20.6x1.5x
Tue, 11 Mar 2025SEK 4.6tSEK 2.5tSEK 187.3b23.6x24.3x1.8x
Thu, 06 Feb 2025SEK 4.5tSEK 2.5tSEK 182.4b23.3x24.4x1.8x
Sat, 04 Jan 2025SEK 4.2tSEK 2.5tSEK 183.7b23.7x22.8x1.7x
Mon, 02 Dec 2024SEK 4.2tSEK 2.5tSEK 185.1b23x22.8x1.7x
Wed, 30 Oct 2024SEK 4.3tSEK 2.5tSEK 181.7b23.4x23.9x1.7x
Fri, 27 Sep 2024SEK 4.5tSEK 2.5tSEK 185.3b23.5x24.3x1.8x
Sun, 25 Aug 2024SEK 4.3tSEK 2.5tSEK 186.3b24x23.3x1.7x
Tue, 23 Jul 2024SEK 4.4tSEK 2.5tSEK 190.5b25.1x23.2x1.7x
Thu, 20 Jun 2024SEK 4.3tSEK 2.5tSEK 186.0b25.3x23.2x1.7x
Sat, 18 May 2024SEK 4.4tSEK 2.5tSEK 186.3b23.9x23.7x1.8x
Mon, 15 Apr 2024SEK 4.2tSEK 2.5tSEK 191.4b21.6x22x1.7x
Wed, 13 Mar 2024SEK 4.2tSEK 2.5tSEK 192.0b21.8x22x1.7x
Fri, 09 Feb 2024SEK 4.0tSEK 2.5tSEK 194.9b21.5x20.3x1.6x
Sun, 07 Jan 2024SEK 3.8tSEK 2.5tSEK 182.1b20x21x1.5x
Tue, 05 Dec 2023SEK 3.7tSEK 2.5tSEK 182.0b18.3x20.3x1.5x
Thu, 02 Nov 2023SEK 3.4tSEK 2.5tSEK 186.0b16.1x18.1x1.4x
Sat, 30 Sep 2023SEK 3.5tSEK 2.4tSEK 176.1b17.8x19.8x1.4x
Mon, 28 Aug 2023SEK 3.5tSEK 2.4tSEK 176.1b17.5x19.8x1.4x
Wed, 26 Jul 2023SEK 3.7tSEK 2.4tSEK 174.6b19.2x21.2x1.5x
Fri, 23 Jun 2023SEK 3.7tSEK 2.4tSEK 167.9b18.8x21.9x1.6x
Sun, 21 May 2023SEK 3.8tSEK 2.3tSEK 167.5b19.2x22.9x1.6x
Tue, 18 Apr 2023SEK 3.8tSEK 2.2tSEK 156.3b20.6x24x1.7x
Thu, 16 Mar 2023SEK 3.4tSEK 2.2tSEK 156.2b18.8x22x1.5x
Sat, 11 Feb 2023SEK 3.6tSEK 2.2tSEK 154.8b20x23.3x1.6x
Price to Earnings Ratio

23.3x


Total Market Cap: SEK 3.6tTotal Earnings: SEK 154.8bTotal Revenue: SEK 2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Industrials Sector Price to Earnings3Y Average 22.9x202420252026
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 29.4x which is higher than its 3-year average PE of 22.9x.
  • 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 2.6% per year over the last three years.
  • Revenues for these companies have grown 3.6% 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 Market0.12%
Industrials1.10%
Electrical3.70%
Machinery2.86%
Building2.02%
Construction1.96%
Airlines0%0
Transportation0%0
Trade Distributors-0.83%
Industrials-1.11%
Marine and Shipping-1.52%
Professional Services-3.40%
Infrastructure-3.78%
Aerospace & Defense-4.82%
Commercial Services-5.42%
Logistics-16.76%
Industry PE
  • Investors are most optimistic about the Marine and Shipping industry which is trading above its 3-year average PE ratio of 50.7x.
    • 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 52% over the next 5 years.
  • In contrast, the Machinery 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
VOLV B AB VolvoSEK 340.508.0%
+SEK 51.0b		10.9%PE20.1x
SAND SandvikSEK 365.805.9%
+SEK 25.6b		61.4%PE31.2x
EPI A EpirocSEK 261.803.7%
+SEK 11.4b		25.4%PE36.8x
ASSA B ASSA ABLOYSEK 370.002.0%
+SEK 8.2b		10.9%PE28x
SKA B SkanskaSEK 277.403.2%
+SEK 3.5b		18.6%PE18.5x

Latest News

ATCO A
SEK 186.95
Atlas Copco
7D
0.2%
1Y
0.9%
ALFA
SEK 505.40
Alfa Laval
7D
-1.3%
1Y
3.6%
ASSA B
SEK 370.00
ASSA ABLOY
7D
2.0%
1Y
10.9%
BEIJ B
SEK 130.10
Beijer Ref
7D
-4.4%
1Y
-20.5%

The Green Consolidator

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TREL B
SEK 379.70
Trelleborg
7D
-0.8%
1Y
-7.8%

Trelleborg (STO:TREL B) Has Announced That It Will Be Increasing Its Dividend To SEK8.00

Feb 01
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MTRS
SEK 182.60
Munters Group
7D
9.9%
1Y
7.2%
SKF B
SEK 239.00
AB SKF
7D
-5.0%
1Y
9.4%
SAND
SEK 365.80
Sandvik
7D
5.9%
1Y
61.4%

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SAAB B
SEK 680.40
Saab
7D
-4.8%
1Y
186.3%
VOLV B
SEK 340.50
AB Volvo
7D
8.0%
1Y
10.9%
STOR B
SEK 11.12
Storskogen Group
7D
-5.4%
1Y
-6.4%
EPI A
SEK 261.80
Epiroc
7D
3.7%
1Y
25.4%

Epiroc (STO:EPI A) Has Affirmed Its Dividend Of SEK1.90

Jan 29
Epiroc (STO:EPI A) Has Affirmed Its Dividend Of SEK1.90
AQ
SEK 201.80
AQ Group
7D
7.8%
1Y
26.9%

AQ: Steady Assumptions Will Guide Future P/E And Fairness Of Pricing

Analysts have kept the AQ Group fair value estimate steady at SEK 200.0, explaining the unchanged price target by only marginal adjustments to the discount rate, long term revenue growth, profit margin and future P/E inputs in their models. Valuation Changes Fair Value: Fair value estimate held steady at SEK 200.0 per share.
SKA B
SEK 277.40
Skanska
7D
3.2%
1Y
18.6%

SKA B: Revised Assumptions And New Projects Will Support Future Margins

Skanska's fair value estimate has been adjusted from SEK 265 to SEK 269. Analysts point to updated assumptions around revenue growth, margins and future P/E as consistent with the recent Street move in price targets toward SEK 270.
VSURE
€12.85
Verisure
7D
-10.3%
1Y
n/a
LATO B
SEK 223.20
Investment AB Latour
7D
-1.2%
1Y
-20.9%

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Jan 19
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