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Swedish (OMX) Industrials Sector Analysis

UpdatedJul 21, 2026
DataAggregated Company Financials
Companies157
  • 7D0.3%
  • 3M-2.4%
  • 1Y12.6%
  • YTD5.1%

Over the last 7 days, the Industrials industry has remained flat, although notably Atlas Copco gained 4.3%. As for the the longer term, the industry is up 13% over the past 12 months. 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
Tue, 21 Jul 2026SEK 4.8tSEK 2.5tSEK 176.7b23.5x27.4x1.9x
Thu, 18 Jun 2026SEK 4.8tSEK 2.4tSEK 166.5b23.9x28.9x2x
Sat, 16 May 2026SEK 4.6tSEK 2.4tSEK 166.0b24.2x27.8x1.9x
Mon, 13 Apr 2026SEK 4.9tSEK 2.5tSEK 166.3b24.6x29.3x2x
Wed, 11 Mar 2026SEK 4.8tSEK 2.5tSEK 167.0b23.8x28.8x2x
Fri, 06 Feb 2026SEK 5.0tSEK 2.5tSEK 166.9b24.4x29.7x2x
Sun, 04 Jan 2026SEK 4.6tSEK 2.5tSEK 172.2b25.6x26.4x1.8x
Tue, 02 Dec 2025SEK 4.4tSEK 2.5tSEK 172.2b24.5x25.6x1.8x
Thu, 30 Oct 2025SEK 4.5tSEK 2.5tSEK 173.0b25.3x25.9x1.8x
Sat, 27 Sep 2025SEK 4.3tSEK 2.5tSEK 175.5b23x24.3x1.7x
Mon, 25 Aug 2025SEK 4.4tSEK 2.5tSEK 175.5b23.4x25.1x1.8x
Wed, 23 Jul 2025SEK 4.2tSEK 2.4tSEK 171.1b23.6x24.6x1.7x
Fri, 20 Jun 2025SEK 4.1tSEK 2.5tSEK 184.0b22.3x22.3x1.6x
Sun, 18 May 2025SEK 4.3tSEK 2.5tSEK 183.8b23.1x23.5x1.7x
Tue, 15 Apr 2025SEK 3.9tSEK 2.5tSEK 185.7b20.6x21.2x1.6x
Thu, 13 Mar 2025SEK 4.5tSEK 2.5tSEK 187.3b23x23.9x1.8x
Sat, 08 Feb 2025SEK 4.5tSEK 2.5tSEK 185.4b23.3x24.1x1.8x
Mon, 06 Jan 2025SEK 4.2tSEK 2.5tSEK 183.7b23.7x22.8x1.7x
Wed, 04 Dec 2024SEK 4.3tSEK 2.5tSEK 183.9b23.1x23.5x1.7x
Fri, 01 Nov 2024SEK 4.3tSEK 2.5tSEK 181.8b23.3x23.7x1.7x
Sun, 29 Sep 2024SEK 4.5tSEK 2.5tSEK 185.3b23.7x24.3x1.8x
Tue, 27 Aug 2024SEK 4.3tSEK 2.5tSEK 186.3b24.2x23.3x1.7x
Thu, 25 Jul 2024SEK 4.4tSEK 2.5tSEK 189.3b24.7x23.1x1.7x
Sat, 22 Jun 2024SEK 4.3tSEK 2.5tSEK 186.0b25.6x23.4x1.7x
Mon, 20 May 2024SEK 4.4tSEK 2.5tSEK 186.2b23.9x23.7x1.8x
Wed, 17 Apr 2024SEK 4.3tSEK 2.5tSEK 191.4b22.2x22.2x1.7x
Fri, 15 Mar 2024SEK 4.2tSEK 2.5tSEK 192.1b21.8x22x1.7x
Sun, 11 Feb 2024SEK 3.9tSEK 2.5tSEK 193.2b20.6x20.4x1.6x
Tue, 09 Jan 2024SEK 3.9tSEK 2.5tSEK 182.1b20.7x21.2x1.5x
Thu, 07 Dec 2023SEK 3.8tSEK 2.5tSEK 182.0b18.5x20.9x1.5x
Sat, 04 Nov 2023SEK 3.5tSEK 2.5tSEK 184.5b16.4x18.8x1.4x
Mon, 02 Oct 2023SEK 3.5tSEK 2.4tSEK 176.1b17.8x19.8x1.4x
Wed, 30 Aug 2023SEK 3.6tSEK 2.4tSEK 176.1b18.1x20.3x1.5x
Fri, 28 Jul 2023SEK 3.7tSEK 2.4tSEK 174.6b19.2x21.2x1.5x
Price to Earnings Ratio

21.2x


Total Market Cap: SEK 3.7tTotal Earnings: SEK 174.6bTotal Revenue: SEK 2.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Industrials Sector Price to Earnings3Y Average 23.9x202420252026
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 27.4x which is higher than its 3-year average PE of 23.9x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Industrials industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

Which industries have driven the changes within the Swedish Industrials sector?

SE Market-0.20%
Industrials0.33%
Aerospace & Defense7.54%
Electrical7.05%
Logistics4.17%
Commercial Services4.10%
Building3.53%
Trade Distributors3.06%
Construction2.24%
Industrials0.91%
Airlines0%0
Transportation0%0
Infrastructure-0.12%
Professional Services-1.23%
Marine and Shipping-1.54%
Machinery-1.84%
Industry PE
  • Investors are most optimistic about the Marine and Shipping industry which is trading above its 3-year average PE ratio of 42.4x.
    • 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 Infrastructure industry, expecting annual earnings growth of 58% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • 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 197.604.3%
+SEK 39.8b		31.2%PE36.2x
SAAB B SaabSEK 575.809.8%
+SEK 28.1b		10.4%PE43.7x
ASSA B ASSA ABLOYSEK 340.003.3%
+SEK 12.2b		7.8%PE23x
INDT IndutradeSEK 241.2010.3%
+SEK 8.2b		0.2%PE32.8x
VSURE Verisure€10.726.9%
+€713.4m		n/aPS2.9x

Latest News

EPI A
SEK 239.50
Epiroc
7D
-6.7%
1Y
17.2%
Analysis Article • 18h

The Epiroc AB (publ) (STO:EPI A) Second-Quarter Results Are Out And Analysts Have Published New Forecasts

Shareholders might have noticed that Epiroc AB (publ) ( STO:EPI A ) filed its quarterly result this time last week. The...
SAAB B
SEK 575.80
Saab
7D
9.8%
1Y
10.4%
Analysis Article • 19h

Saab AB (publ) Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Saab AB (publ) ( STO:SAAB B ) investors will be delighted, with the company turning in some strong numbers with its...
VOLV B
SEK 339.50
AB Volvo
7D
0.7%
1Y
26.5%
Analysis Article • 19h

AB Volvo (publ) (STO:VOLV B) Interim Results: Here's What Analysts Are Forecasting For This Year

AB Volvo (publ) ( STO:VOLV B ) came out with its half-yearly results last week, and we wanted to see how the business...
MTRS
SEK 182.50
Munters Group
7D
8.8%
1Y
46.0%
AQ
SEK 209.20
AQ Group
7D
-7.0%
1Y
10.1%
LIAB
SEK 119.50
Lindab International
7D
-10.6%
1Y
-41.7%
Narrative Update • Jul 20

LIAB: Slightly Lower Margins And Multiple Will Shape A Balanced Outlook

Analysts have trimmed their fair value estimate for Lindab International from SEK157 to SEK130, reflecting an updated view that combines slightly adjusted assumptions for revenue growth, profit margins, discount rate and future P/E. What’s in the News for Lindab International No recent company specific news for Lindab International is provided in the available sources.
AFRY
SEK 101.80
Afry
7D
-4.8%
1Y
-33.2%
Analysis Article • Jul 19

Afry AB Just Missed Earnings - But Analysts Have Updated Their Models

Afry AB ( STO:AFRY ) shareholders are probably feeling a little disappointed, since its shares fell 4.1% to kr103 in...
BERG B
SEK 275.50
Bergman & Beving
7D
-8.3%
1Y
-8.0%
Analysis Article • Jul 19

Bergman & Beving AB (publ) (STO:BERG B) First-Quarter Results: Here's What Analysts Are Forecasting For This Year

Bergman & Beving AB (publ) ( STO:BERG B ) shareholders are probably feeling a little disappointed, since its shares...
INDT
SEK 241.20
Indutrade
7D
10.3%
1Y
0.2%
Analysis Article • Jul 19

Results: Indutrade AB (publ) Exceeded Expectations And The Consensus Has Updated Its Estimates

Indutrade AB (publ) ( STO:INDT ) investors will be delighted, with the company turning in some strong numbers with its...
SKF B
SEK 250.60
AB SKF
7D
-3.2%
1Y
8.8%
ASSA B
SEK 340.00
ASSA ABLOY
7D
3.3%
1Y
7.8%
SAND
SEK 346.90
Sandvik
7D
-11.2%
1Y
46.6%
SKA B
SEK 261.40
Skanska
7D
4.6%
1Y
15.9%
ATCO A
SEK 197.60
Atlas Copco
7D
4.3%
1Y
31.2%
LIFCO B
SEK 311.00
Lifco
7D
-6.7%
1Y
-10.9%
VSURE
€10.72
Verisure
7D
6.9%
1Y
n/a
Narrative Update • Jul 10

VSURE: Lower Discount Rate And Higher Future P/E Will Support Upside

Analysts have nudged their Verisure price target slightly lower from €22.00 to about €21.43, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E that together point to a modestly revised fair value view. What’s in the News for Verisure No recent Verisure specific news items were identified in the provided sources.