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

Swedish (OMX) Industrials Sector Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies159
  • 7D2.9%
  • 3M3.4%
  • 1Y26.7%
  • YTD8.6%

In the last week, the Industrials industry is up 2.9%, with Atlas Copco up 5.4%. This takes the industry's 12 month performance to a gain of 27%. 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
Tue, 21 Apr 2026SEK 5.0tSEK 2.5tSEK 166.3b24.5x30x2x
Thu, 19 Mar 2026SEK 4.6tSEK 2.5tSEK 166.8b23.2x27.9x1.9x
Sat, 14 Feb 2026SEK 5.0tSEK 2.5tSEK 166.2b23.7x29.9x2x
Mon, 12 Jan 2026SEK 4.8tSEK 2.5tSEK 172.2b25.8x27.7x1.9x
Wed, 10 Dec 2025SEK 4.5tSEK 2.5tSEK 172.2b25x26x1.8x
Fri, 07 Nov 2025SEK 4.3tSEK 2.5tSEK 172.5b24.9x25.2x1.7x
Sun, 05 Oct 2025SEK 4.4tSEK 2.5tSEK 175.5b23.7x25.1x1.8x
Tue, 02 Sep 2025SEK 4.3tSEK 2.5tSEK 175.5b23.4x24.6x1.7x
Thu, 31 Jul 2025SEK 4.3tSEK 2.4tSEK 172.8b24.8x25x1.8x
Sat, 28 Jun 2025SEK 4.2tSEK 2.5tSEK 184.0b23.4x23.1x1.7x
Mon, 26 May 2025SEK 4.2tSEK 2.5tSEK 183.9b22.7x22.6x1.6x
Wed, 23 Apr 2025SEK 4.0tSEK 2.5tSEK 188.1b20.2x21x1.6x
Fri, 21 Mar 2025SEK 4.5tSEK 2.5tSEK 185.8b23.7x24.2x1.8x
Sun, 16 Feb 2025SEK 4.6tSEK 2.5tSEK 186.1b25.1x24.9x1.8x
Tue, 14 Jan 2025SEK 4.1tSEK 2.5tSEK 183.7b23.4x22.6x1.7x
Thu, 12 Dec 2024SEK 4.4tSEK 2.5tSEK 183.8b23.9x23.7x1.7x
Sat, 09 Nov 2024SEK 4.3tSEK 2.5tSEK 185.7b23.4x23.4x1.7x
Mon, 07 Oct 2024SEK 4.5tSEK 2.5tSEK 185.3b23.4x24x1.8x
Wed, 04 Sep 2024SEK 4.3tSEK 2.5tSEK 185.7b24.5x23.4x1.7x
Fri, 02 Aug 2024SEK 4.3tSEK 2.5tSEK 189.0b24.9x22.8x1.7x
Sun, 30 Jun 2024SEK 4.3tSEK 2.5tSEK 186.1b25.1x23.3x1.7x
Tue, 28 May 2024SEK 4.5tSEK 2.5tSEK 186.3b24.8x24.2x1.8x
Thu, 25 Apr 2024SEK 4.3tSEK 2.5tSEK 190.4b22.4x22.3x1.7x
Sat, 23 Mar 2024SEK 4.4tSEK 2.5tSEK 192.1b21.8x22.7x1.7x
Mon, 19 Feb 2024SEK 4.0tSEK 2.5tSEK 192.4b22.8x21x1.6x
Wed, 17 Jan 2024SEK 3.8tSEK 2.5tSEK 182.0b21.1x21x1.5x
Fri, 15 Dec 2023SEK 3.9tSEK 2.5tSEK 182.0b19.3x21.5x1.6x
Sun, 12 Nov 2023SEK 3.5tSEK 2.5tSEK 180.7b16.8x19.1x1.4x
Tue, 10 Oct 2023SEK 3.4tSEK 2.4tSEK 176.1b17x19.4x1.4x
Thu, 07 Sep 2023SEK 3.6tSEK 2.4tSEK 176.1b18.6x20.5x1.5x
Sat, 05 Aug 2023SEK 3.7tSEK 2.4tSEK 174.7b18.8x20.9x1.5x
Mon, 03 Jul 2023SEK 3.8tSEK 2.4tSEK 167.9b18.9x22.5x1.6x
Wed, 31 May 2023SEK 3.7tSEK 2.4tSEK 167.5b18.8x22.2x1.6x
Fri, 28 Apr 2023SEK 3.7tSEK 2.3tSEK 163.9b19.9x22.9x1.6x
Price to Earnings Ratio

22.9x


Total Market Cap: SEK 3.7tTotal Earnings: SEK 163.9bTotal Revenue: SEK 2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Industrials Sector Price to Earnings3Y Average 23.3x202420252026
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 30.0x which is higher than its 3-year average PE of 23.3x.
  • 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 2.4% 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 Market2.74%
Industrials2.90%
Industrials8.90%
Electrical7.10%
Commercial Services6.94%
Logistics5.83%
Trade Distributors5.36%
Professional Services5.28%
Infrastructure4.16%
Machinery2.58%
Building2.36%
Marine and Shipping1.79%
Construction1.60%
Airlines0%0
Transportation0%0
Aerospace & Defense-3.38%
Industry PE
  • Investors are most optimistic about the Commercial Services industry which is trading above its 3-year average PE ratio of 31.3x.
    • Analysts are expecting annual earnings growth of 45.2%, which is higher than its past year's earnings growth of 7.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Logistics industry, expecting annual earnings growth of 55% 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
ATCO A Atlas CopcoSEK 189.005.4%
+SEK 47.2b		26.5%PE34.8x
VSURE Verisure€11.0216.6%
+€1.6b		n/aPS3x
LIFCO B LifcoSEK 322.4010.1%
+SEK 13.4b		-7.5%PE40.3x
LATO B Investment AB LatourSEK 238.309.2%
+SEK 12.9b		-8.6%PE31x
INDT IndutradeSEK 253.4014.1%
+SEK 11.4b		-3.7%PE36.1x

Latest News

INDT
SEK 253.40
Indutrade
7D
14.1%
1Y
-3.7%

INDT: Refined Assumptions And Acquisition Plans Will Shape Fairly Valued Outlook

Analysts have trimmed their SEK price target on Indutrade slightly to around SEK 260, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E after recent research commentary and an upgrade at Kepler Cheuvreux. Analyst Commentary Recent research commentary around the upgrade has focused on how Indutrade’s current valuation lines up with its execution track record and assumptions for growth, margins and future P/E.
LIFCO B
SEK 322.40
Lifco
7D
10.1%
1Y
-7.5%
COOR
SEK 56.65
Coor Service Management Holding
7D
-4.8%
1Y
71.7%
SAAB B
SEK 589.50
Saab
7D
-4.9%
1Y
34.0%

SAAB B: Higher P/E And Mixed Ratings Will Shape Fairly Valued Outlook

Narrative Update The updated fair value estimate for Saab moves slightly higher to SEK 604.91 from SEK 603.09. This reflects analysts' recent SEK 20 increases to SEK 540 and SEK 516 price targets that are tied to revised revenue growth, profit margin, and future P/E assumptions.
ALFA
SEK 565.20
Alfa Laval
7D
2.1%
1Y
44.5%

ALFA: Elevated P E Multiples Will Test Tanker Order Momentum

Analyst price targets for Alfa Laval have been adjusted modestly higher, with recent SEK-based target increases at Citi, JPMorgan, Deutsche Bank, and Morgan Stanley partly offset by a downgrade at Pareto. Analysts highlight order momentum in tankers and a valuation they view as more reasonable.
ATCO A
SEK 189.00
Atlas Copco
7D
5.4%
1Y
26.5%
MTRS
SEK 195.05
Munters Group
7D
-0.9%
1Y
95.1%

MTRS: Data Center Backlog And CEO Transition Will Support Future Outlook

Analysts have nudged their price target for Munters Group higher to SEK213.33 from SEK210.83. This reflects updated views on fair value, growth assumptions and expected profitability, while keeping a slightly adjusted future P/E outlook.
NMAN
SEK 129.60
Nederman Holding
7D
-7.7%
1Y
-27.0%
BRAV
SEK 102.20
Bravida Holding
7D
-2.1%
1Y
11.6%

BRAV: Fair Outlook Will Depend On 2026 Dividend And M&A Pipeline

Analysts have raised their price target on Bravida Holding to SEK 115 from about SEK 111, reflecting updated assumptions regarding fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News Bravida will act as a specialist partner to W5 Solutions for electrical installations in a Swedish Armed Forces training centre project.
ADDT B
SEK 349.00
Addtech AB (publ.)
7D
7.2%
1Y
17.9%
EPI A
SEK 251.60
Epiroc
7D
-1.0%
1Y
32.2%
ASSA B
SEK 373.30
ASSA ABLOY
7D
2.8%
1Y
35.4%
PEAB B
SEK 97.75
Peab
7D
-4.4%
1Y
33.1%
VSURE
€11.02
Verisure
7D
16.6%
1Y
n/a

Rising Acquisition Costs And Attrition Risks Will Test Recurring Revenue Strength Yet Offer Upside

Catalysts About Verisure Verisure provides monitored security systems and subscription-based alarm services for homes and small businesses. What are the underlying business or industry changes driving this perspective?
LOOMIS
SEK 444.80
Loomis
7D
-0.8%
1Y
16.7%
LATO B
SEK 238.30
Investment AB Latour
7D
9.2%
1Y
-8.6%