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Swedish (OMX) Industrials Sector Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies157
  • 7D3.7%
  • 3M14.3%
  • 1Y12.3%
  • YTD9.4%

Over the last 7 days, the Industrials industry has risen 2.1%, driven by gains from AB Volvo of 7.2%. During this same period, the Saab underperformed, falling 8.5%. This takes the industry's 12 month performance to a gain of 10%. 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
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
Tue, 14 Feb 2023SEK 3.7tSEK 2.2tSEK 156.0b20.5x23.6x1.6x
Price to Earnings Ratio

23.6x


Total Market Cap: SEK 3.7tTotal 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 29.7x 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 2.3% per year over the last three years.
  • Revenues for these companies have grown 3.4% 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 Market2.14%
Industrials3.67%
Building8.77%
Trade Distributors8.68%
Machinery4.51%
Industrials3.10%
Construction2.22%
Electrical1.64%
Airlines0%0
Transportation0%0
Infrastructure-0.80%
Marine and Shipping-0.93%
Commercial Services-2.60%
Professional Services-3.42%
Aerospace & Defense-5.04%
Logistics-9.27%
Industry PE
  • Investors are most optimistic about the Marine and Shipping industry which is trading above its 3-year average PE ratio of 51.1x.
    • 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 345.706.7%
+SEK 44.1b		11.1%PE20.4x
ASSA B ASSA ABLOYSEK 394.609.6%
+SEK 38.5b		21.1%PE29.8x
SAND SandvikSEK 371.805.7%
+SEK 25.2b		62.9%PE31.7x
EPI A EpirocSEK 269.107.8%
+SEK 23.5b		27.8%PE37.8x
ATCO A Atlas CopcoSEK 187.952.3%
+SEK 20.5b		2.3%PE34.6x

Latest News

CTT
SEK 119.60
CTT Systems
7D
-26.9%
1Y
-46.4%
SAAB B
SEK 656.80
Saab
7D
-5.3%
1Y
207.8%
ASSA B
SEK 394.60
ASSA ABLOY
7D
9.6%
1Y
21.1%
ADDT B
SEK 327.20
Addtech AB (publ.)
7D
12.5%
1Y
1.3%
HUSQ B
SEK 44.17
Husqvarna
7D
-3.2%
1Y
-16.5%
TROAX
SEK 103.00
Troax Group
7D
-29.0%
1Y
-52.5%
XANO B
SEK 67.40
XANO Industri
7D
-25.8%
1Y
19.5%
NOLA B
SEK 51.95
Nolato
7D
-10.7%
1Y
-15.7%
SKF B
SEK 248.50
AB SKF
7D
6.8%
1Y
14.0%

SKF B: Index Addition And Clean Tech Plans Will Offset Rating Downgrades

Analysts have trimmed their price target for AB SKF to SEK 260.25 from about SEK 268.53, reflecting recent downgrades and revised assumptions for growth, margins and future P/E multiples. Analyst Commentary Recent research has leaned more cautious on AB SKF, with several downgrades and target trims pointing to a reassessment of growth, margins and the appropriate P/E multiple for the shares.
ALFA
SEK 510.40
Alfa Laval
7D
-1.4%
1Y
10.5%

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.
SAND
SEK 371.80
Sandvik
7D
5.7%
1Y
62.9%
VSURE
€12.00
Verisure
7D
-12.8%
1Y
n/a
ATCO A
SEK 187.95
Atlas Copco
7D
2.3%
1Y
2.3%
INDT
SEK 234.00
Indutrade
7D
12.0%
1Y
-22.9%
VOLV B
SEK 345.70
AB Volvo
7D
6.7%
1Y
11.1%
EPI A
SEK 269.10
Epiroc
7D
7.8%
1Y
27.8%

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

Jan 29
Epiroc (STO:EPI A) Has Affirmed Its Dividend Of SEK1.90