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

Swedish (OMX) Industrials Sector Analysis

UpdatedDec 14, 2025
DataAggregated Company Financials
Companies155
  • 7D-0.3%
  • 3M3.9%
  • 1Y4.6%
  • YTD6.2%

Over the last 7 days, the Industrials industry has remained flat, although notably Saab gained 3.8%. The past year has been better, since the industry has gained 4.6% in that time. As for the next few years, earnings are expected to grow by 15% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Dec 2025SEK 4.5tSEK 2.5tSEK 172.2b25.2x26.2x1.8x
Tue, 11 Nov 2025SEK 4.4tSEK 2.5tSEK 172.0b24.3x25.5x1.8x
Thu, 09 Oct 2025SEK 4.4tSEK 2.5tSEK 175.5b23.9x25.2x1.8x
Sat, 06 Sep 2025SEK 4.3tSEK 2.5tSEK 175.5b23.3x24.5x1.7x
Mon, 04 Aug 2025SEK 4.2tSEK 2.4tSEK 173.0b24.5x24.1x1.7x
Wed, 02 Jul 2025SEK 4.2tSEK 2.5tSEK 183.8b23.2x22.8x1.7x
Fri, 30 May 2025SEK 4.2tSEK 2.5tSEK 183.9b23.3x23.1x1.7x
Sun, 27 Apr 2025SEK 4.1tSEK 2.5tSEK 183.0b21.4x22.4x1.6x
Tue, 25 Mar 2025SEK 4.4tSEK 2.5tSEK 185.8b23.5x23.9x1.8x
Thu, 20 Feb 2025SEK 4.7tSEK 2.5tSEK 186.1b24.6x25.4x1.9x
Sat, 18 Jan 2025SEK 4.3tSEK 2.5tSEK 183.7b24.1x23.7x1.7x
Mon, 16 Dec 2024SEK 4.3tSEK 2.5tSEK 183.7b23.8x23.4x1.7x
Wed, 13 Nov 2024SEK 4.3tSEK 2.5tSEK 185.8b22.8x22.9x1.7x
Fri, 11 Oct 2024SEK 4.4tSEK 2.5tSEK 185.3b23.3x23.5x1.7x
Sun, 08 Sep 2024SEK 4.2tSEK 2.5tSEK 185.8b24.1x22.3x1.6x
Tue, 06 Aug 2024SEK 4.1tSEK 2.5tSEK 189.0b23.4x21.6x1.6x
Thu, 04 Jul 2024SEK 4.3tSEK 2.5tSEK 186.1b24.8x23.3x1.7x
Sat, 01 Jun 2024SEK 4.4tSEK 2.5tSEK 186.3b25.2x23.8x1.8x
Mon, 29 Apr 2024SEK 4.2tSEK 2.5tSEK 189.5b22.1x22.4x1.7x
Wed, 27 Mar 2024SEK 4.4tSEK 2.5tSEK 192.1b21.8x22.7x1.7x
Fri, 23 Feb 2024SEK 4.1tSEK 2.5tSEK 192.2b22.3x21.2x1.6x
Sun, 21 Jan 2024SEK 3.8tSEK 2.5tSEK 182.0b19.9x20.7x1.5x
Tue, 19 Dec 2023SEK 4.0tSEK 2.5tSEK 182.0b19.3x21.8x1.6x
Thu, 16 Nov 2023SEK 3.6tSEK 2.5tSEK 180.7b17.7x20.1x1.5x
Sat, 14 Oct 2023SEK 3.5tSEK 2.4tSEK 176.1b16.5x19.8x1.4x
Mon, 11 Sep 2023SEK 3.5tSEK 2.4tSEK 176.1b18.1x20.1x1.5x
Wed, 09 Aug 2023SEK 3.6tSEK 2.4tSEK 174.7b18.5x20.7x1.5x
Fri, 07 Jul 2023SEK 3.6tSEK 2.4tSEK 167.9b18.2x21.6x1.5x
Sun, 04 Jun 2023SEK 3.8tSEK 2.4tSEK 167.4b19.2x22.6x1.6x
Tue, 02 May 2023SEK 3.8tSEK 2.3tSEK 165.7b19.7x22.7x1.6x
Thu, 30 Mar 2023SEK 3.6tSEK 2.2tSEK 156.2b19.2x23x1.6x
Sat, 25 Feb 2023SEK 3.6tSEK 2.2tSEK 156.1b19.3x23x1.6x
Mon, 23 Jan 2023SEK 3.6tSEK 2.2tSEK 162.6b18.9x21.9x1.7x
Wed, 21 Dec 2022SEK 3.3tSEK 2.2tSEK 162.6b17.5x20.1x1.5x
Price to Earnings Ratio

20.1x


Total Market Cap: SEK 3.3tTotal Earnings: SEK 162.6bTotal Revenue: SEK 2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Industrials Sector Price to Earnings3Y Average 22.7x202320242025
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 26.2x which is higher than its 3-year average PE of 22.7x.
  • The industry is trading close to its 3-year average PS ratio of 1.6x.
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 Market-0.46%
Industrials-0.30%
Aerospace & Defense3.71%
Trade Distributors0.94%
Logistics0.66%
Airlines0%0
Transportation0%0
Machinery-0.28%
Infrastructure-0.35%
Electrical-0.73%
Building-0.77%
Marine and Shipping-0.77%
Industrials-0.82%
Construction-1.09%
Commercial Services-2.70%
Professional Services-3.37%
Industry PE
  • Investors are most optimistic about the Marine and Shipping industry which is trading above its 3-year average PE ratio of 38.7x.
    • 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 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 507.703.8%
+SEK 9.9b		119.1%PE52.6x
ADDT B Addtech AB (publ.)SEK 334.401.7%
+SEK 1.5b		8.0%PE45.1x
HUSQ B HusqvarnaSEK 47.673.4%
+SEK 897.7m		-22.7%PE19.2x
BEIJ B Beijer RefSEK 155.550.9%
+SEK 735.0m		-8.7%PE32.2x
EPI A EpirocSEK 211.100.3%
+SEK 725.4m		5.0%PE29.6x

Latest News

ALFA
SEK 460.70
Alfa Laval
7D
-1.0%
1Y
-3.6%

We Think Alfa Laval (STO:ALFA) Can Stay On Top Of Its Debt

Dec 14
We Think Alfa Laval (STO:ALFA) Can Stay On Top Of Its Debt
INWI
SEK 157.70
Inwido
7D
7.9%
1Y
-16.5%

Why Inwido AB (publ) (STO:INWI) Could Be Worth Watching

Dec 13
Why Inwido AB (publ) (STO:INWI) Could Be Worth Watching
ATCO A
SEK 166.25
Atlas Copco
7D
-0.9%
1Y
-6.1%

Atlas Copco (STO:ATCO A) Seems To Use Debt Quite Sensibly

Dec 13
Atlas Copco (STO:ATCO A) Seems To Use Debt Quite Sensibly
BUFAB
SEK 106.88
Bufab
7D
2.4%
1Y
19.7%
ASSA B
SEK 357.60
ASSA ABLOY
7D
-0.9%
1Y
4.7%

Is Now The Time To Look At Buying ASSA ABLOY AB (publ) (STO:ASSA B)?

Dec 08
Is Now The Time To Look At Buying ASSA ABLOY AB (publ) (STO:ASSA B)?
SWEC B
SEK 155.00
Sweco
7D
-4.7%
1Y
-12.7%
NIBE B
SEK 35.35
NIBE Industrier
7D
-1.9%
1Y
-19.2%

NIBE B: Future Upside Will Stem From Stable Margins And Improved Visibility

Analysts have raised their price target on NIBE Industrier to SEK 48 from SEK 44, citing a slightly lower discount rate, marginally improved long term revenue growth assumptions, and stable profitability supporting a more favorable risk reward profile. Analyst Commentary Bullish analysts highlight that the upgraded price target reflects growing confidence in NIBE Industrier's ability to deliver steady, long term growth while maintaining resilient margins, supporting the case for a higher valuation multiple.
HUSQ B
SEK 47.67
Husqvarna
7D
3.4%
1Y
-22.7%

HUSQ B Ongoing Restructuring And AI Mowers Will Support Future Margin Recovery

Narrative Update on Husqvarna Analysts have trimmed their Husqvarna price target by SEK 5 to SEK 50, reflecting Q3 results that highlight innovation led growth but also ongoing structural challenges and limited upside until a clearer recovery and growth plan is presented. Analyst Commentary Recent commentary highlights a mixed outlook for Husqvarna, with analysts recognizing progress on innovation while questioning the timing and visibility of a sustained recovery in earnings and returns.
EPI A
SEK 211.10
Epiroc
7D
0.3%
1Y
5.0%

Epiroc AB (publ) (STO:EPI A) Investors Are Less Pessimistic Than Expected

Dec 02
Epiroc AB (publ) (STO:EPI A) Investors Are Less Pessimistic Than Expected
VSURE
€13.97
Verisure
7D
-4.7%
1Y
n/a
SAAB B
SEK 507.70
Saab
7D
3.8%
1Y
119.1%

SAAB B: Future Sector Demand And Premium Shares Will Shape Returns Ahead

Analysts have raised their price target for Saab to SEK 460 from SEK 430. They cite continued concerns about valuation alongside high expectations for defense spending.
ADDT B
SEK 334.40
Addtech AB (publ.)
7D
1.7%
1Y
8.0%

ADDT B: Reorganisation Will Establish New Business Areas And Drive Expansion

Analysts have raised their price target for Addtech AB (publ.) from SEK 367 to SEK 370.60. This change reflects stronger anticipated revenue growth, even though there is a slight dip in the expected profit margin and a marginal decrease in the discount rate.
TREL B
SEK 393.60
Trelleborg
7D
-1.4%
1Y
0.2%

TREL B: Shares Will Respond To Demand Trends And Margin Dynamics Ahead

Analysts have increased their price target for Trelleborg from SEK 405.71 to SEK 415.25. They cite improved revenue growth projections, but note only a modest adjustment to profit margin expectations.
SKF B
SEK 251.20
AB SKF
7D
0.4%
1Y
15.1%

SKF B: Outlook Will Balance Autos Spin-Off Potential And Sector Volatility

Analysts have slightly increased their fair value estimate for AB SKF from SEK 260.79 to SEK 266.86. This revision reflects stronger profit margins and expectations for improved long-term performance, despite recent variations in price targets among major research firms.
LATO B
SEK 223.50
Investment AB Latour
7D
-0.9%
1Y
-20.3%

Investment AB Latour (publ) (STO:LATO B) Investors Are Less Pessimistic Than Expected

Nov 26
Investment AB Latour (publ) (STO:LATO B) Investors Are Less Pessimistic Than Expected
BEIJ B
SEK 155.55
Beijer Ref
7D
0.9%
1Y
-8.7%

Unpleasant Surprises Could Be In Store For Beijer Ref AB (publ)'s (STO:BEIJ B) Shares

Nov 14
Unpleasant Surprises Could Be In Store For Beijer Ref AB (publ)'s (STO:BEIJ B) Shares