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Swedish (OMX) Industrials Sector Analysis

UpdatedFeb 02, 2026
DataAggregated Company Financials
Companies157
  • 7D-0.8%
  • 3M9.6%
  • 1Y8.2%
  • YTD5.6%

Last week, the Industrials industry hasn't moved much but Epiroc is up 9.7% in that time. The past year has been better, since the industry has gained 6.8% in that time. Looking forward, 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
Mon, 02 Feb 2026SEK 4.8tSEK 2.5tSEK 167.2b24.7x28.8x1.9x
Wed, 31 Dec 2025SEK 4.5tSEK 2.5tSEK 172.3b25.5x26.4x1.8x
Fri, 28 Nov 2025SEK 4.4tSEK 2.5tSEK 172.2b24.2x25.6x1.8x
Sun, 26 Oct 2025SEK 4.5tSEK 2.5tSEK 172.6b24.5x26.2x1.8x
Tue, 23 Sep 2025SEK 4.3tSEK 2.5tSEK 175.5b23x24.6x1.7x
Thu, 21 Aug 2025SEK 4.3tSEK 2.4tSEK 173.8b23.5x24.9x1.8x
Sat, 19 Jul 2025SEK 4.2tSEK 2.4tSEK 172.3b24.1x24.6x1.7x
Mon, 16 Jun 2025SEK 4.2tSEK 2.5tSEK 184.0b22.7x22.6x1.6x
Wed, 14 May 2025SEK 4.3tSEK 2.5tSEK 182.7b23.4x23.7x1.7x
Fri, 11 Apr 2025SEK 3.8tSEK 2.7tSEK 185.2b20.3x20.7x1.4x
Sun, 09 Mar 2025SEK 4.6tSEK 2.5tSEK 187.3b23.8x24.6x1.8x
Tue, 04 Feb 2025SEK 4.5tSEK 2.5tSEK 182.6b23.2x24.7x1.8x
Thu, 02 Jan 2025SEK 4.2tSEK 2.5tSEK 183.7b23.3x22.6x1.7x
Sat, 30 Nov 2024SEK 4.2tSEK 2.5tSEK 184.9b23x22.8x1.7x
Mon, 28 Oct 2024SEK 4.3tSEK 2.5tSEK 182.1b23.6x23.7x1.7x
Wed, 25 Sep 2024SEK 4.4tSEK 2.5tSEK 185.8b23.8x23.6x1.7x
Fri, 23 Aug 2024SEK 4.3tSEK 2.5tSEK 186.2b23.9x23.1x1.7x
Sun, 21 Jul 2024SEK 4.4tSEK 2.5tSEK 191.1b24.9x23x1.7x
Tue, 18 Jun 2024SEK 4.3tSEK 2.5tSEK 185.9b25.7x23.3x1.7x
Thu, 16 May 2024SEK 4.5tSEK 2.5tSEK 188.4b24x23.6x1.8x
Sat, 13 Apr 2024SEK 4.2tSEK 2.5tSEK 191.6b21.6x22x1.7x
Mon, 11 Mar 2024SEK 4.2tSEK 2.5tSEK 192.0b21.1x21.8x1.7x
Wed, 07 Feb 2024SEK 3.9tSEK 2.5tSEK 194.6b20.5x20.1x1.6x
Fri, 05 Jan 2024SEK 3.9tSEK 2.5tSEK 182.1b20x21.3x1.5x
Sun, 03 Dec 2023SEK 3.7tSEK 2.5tSEK 182.0b18.2x20.4x1.5x
Tue, 31 Oct 2023SEK 3.3tSEK 2.5tSEK 185.9b16x17.9x1.3x
Thu, 28 Sep 2023SEK 3.4tSEK 2.4tSEK 176.1b17.6x19.4x1.4x
Sat, 26 Aug 2023SEK 3.5tSEK 2.4tSEK 175.8b17.5x19.9x1.4x
Mon, 24 Jul 2023SEK 3.6tSEK 2.4tSEK 174.6b18.9x20.9x1.5x
Wed, 21 Jun 2023SEK 3.7tSEK 2.4tSEK 167.9b19.1x22.2x1.6x
Fri, 19 May 2023SEK 3.7tSEK 2.3tSEK 167.5b18.6x22.4x1.6x
Sun, 16 Apr 2023SEK 3.7tSEK 2.2tSEK 156.3b20.4x23.9x1.7x
Tue, 14 Mar 2023SEK 3.5tSEK 2.2tSEK 156.1b18.8x22.4x1.6x
Thu, 09 Feb 2023SEK 3.7tSEK 2.2tSEK 155.0b19.9x23.6x1.6x
Price to Earnings Ratio

23.6x


Total Market Cap: SEK 3.7tTotal Earnings: SEK 155.0bTotal 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 28.8x 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 1.9x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 2.5% 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 Market-0.82%
Industrials-0.78%
Electrical3.84%
Construction0.55%
Airlines0%0
Transportation0%0
Machinery-0.36%
Building-1.05%
Aerospace & Defense-1.13%
Commercial Services-1.61%
Industrials-1.84%
Infrastructure-3.04%
Professional Services-3.13%
Trade Distributors-3.83%
Marine and Shipping-4.23%
Logistics-14.18%
Industry PE
  • Investors are most optimistic about the Marine and Shipping industry which is trading above its 3-year average PE ratio of 50.2x.
    • 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 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
VOLV B AB VolvoSEK 324.002.7%
+SEK 17.1b		5.4%PE19.1x
SAND SandvikSEK 351.703.7%
+SEK 15.9b		56.2%PE30x
EPI A EpirocSEK 249.702.0%
+SEK 6.0b		19.9%PE35.1x
ALFA Alfa LavalSEK 517.400.7%
+SEK 1.4b		6.1%PE25.6x
AQ AQ GroupSEK 195.907.5%
+SEK 1.3b		23.2%PE27.1x

Latest News

LIFCO B
SEK 306.20
Lifco
7D
-2.0%
1Y
-16.1%
INDT
SEK 209.00
Indutrade
7D
-7.2%
1Y
-30.6%

Indutrade (STO:INDT) Is Paying Out A Larger Dividend Than Last Year

Feb 02
Indutrade (STO:INDT) Is Paying Out A Larger Dividend Than Last Year
BEIJ B
SEK 126.85
Beijer Ref
7D
-7.0%
1Y
-22.5%
TREL B
SEK 360.00
Trelleborg
7D
-4.9%
1Y
-13.1%

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

Feb 01
Trelleborg (STO:TREL B) Has Announced That It Will Be Increasing Its Dividend To SEK8.00
SKF B
SEK 232.60
AB SKF
7D
-7.9%
1Y
6.8%
SAND
SEK 351.70
Sandvik
7D
3.7%
1Y
56.2%

Sandvik AB (publ) (STO:SAND) Just Reported And Analysts Have Been Lifting Their Price Targets

Jan 31
Sandvik AB (publ) (STO:SAND) Just Reported And Analysts Have Been Lifting Their Price Targets
SAAB B
SEK 693.30
Saab
7D
-1.1%
1Y
185.0%
VOLV B
SEK 324.00
AB Volvo
7D
2.7%
1Y
5.4%
ATCO A
SEK 183.75
Atlas Copco
7D
-3.4%
1Y
0.4%
EPI A
SEK 249.70
Epiroc
7D
2.0%
1Y
19.9%

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

Jan 29
Epiroc (STO:EPI A) Has Affirmed Its Dividend Of SEK1.90
SECU B
SEK 147.10
Securitas
7D
0.5%
1Y
4.9%

Why Securitas AB (publ) (STO:SECU B) Could Be Worth Watching

Jan 28
Why Securitas AB (publ) (STO:SECU B) Could Be Worth Watching
AQ
SEK 195.90
AQ Group
7D
7.5%
1Y
23.2%

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 270.90
Skanska
7D
1.0%
1Y
15.9%

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
€13.77
Verisure
7D
-2.0%
1Y
n/a
ALFA
SEK 517.40
Alfa Laval
7D
0.7%
1Y
6.1%

ALFA: Rising P E Multiples Will Exceed Comfortable Execution Risk Limits

Analysts have increased their fair value estimate for Alfa Laval from SEK 348.52 to SEK 420.00. This change reflects updated assumptions around growth, profitability and P/E multiples, in line with higher Street price targets rising from SEK 468 to SEK 540.
SWEC B
SEK 147.50
Sweco
7D
0.8%
1Y
-13.4%

Sweco AB (publ) (STO:SWEC B) Investors Are Less Pessimistic Than Expected

Jan 19
Sweco AB (publ) (STO:SWEC B) Investors Are Less Pessimistic Than Expected