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Swedish (OMX) Industrials Sector Analysis

UpdatedMar 14, 2026
DataAggregated Company Financials
Companies157
  • 7D-2.0%
  • 3M2.1%
  • 1Y3.2%
  • YTD1.2%

Over the last 7 days, the Industrials industry has dropped 2.0%, driven by Atlas Copco declining 2.8%. This takes the industry's 12 month performance to a gain of 3.2%. As for the next few years, earnings are expected to grow by 14% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 15 Mar 2026SEK 4.7tSEK 2.5tSEK 167.0b23x27.9x1.9x
Tue, 10 Feb 2026SEK 5.0tSEK 2.5tSEK 166.2b25.1x30.2x2x
Thu, 08 Jan 2026SEK 4.7tSEK 2.5tSEK 172.2b26x27.5x1.9x
Sat, 06 Dec 2025SEK 4.5tSEK 2.5tSEK 172.2b25.2x26.3x1.8x
Mon, 03 Nov 2025SEK 4.4tSEK 2.5tSEK 172.2b24.5x25.8x1.8x
Wed, 01 Oct 2025SEK 4.3tSEK 2.5tSEK 175.5b23.3x24.4x1.7x
Fri, 29 Aug 2025SEK 4.3tSEK 2.5tSEK 175.5b23.7x24.7x1.7x
Sun, 27 Jul 2025SEK 4.3tSEK 2.4tSEK 172.8b24.8x25x1.8x
Tue, 24 Jun 2025SEK 4.1tSEK 2.5tSEK 184.0b22.7x22.2x1.6x
Thu, 22 May 2025SEK 4.3tSEK 2.5tSEK 184.0b22.6x23.4x1.7x
Sat, 19 Apr 2025SEK 3.9tSEK 2.5tSEK 188.1b20.3x20.9x1.6x
Mon, 17 Mar 2025SEK 4.5tSEK 2.5tSEK 185.7b23.4x24.4x1.8x
Wed, 12 Feb 2025SEK 4.5tSEK 2.5tSEK 185.7b23.5x24.3x1.8x
Fri, 10 Jan 2025SEK 4.2tSEK 2.5tSEK 183.7b24x23.1x1.7x
Sun, 08 Dec 2024SEK 4.4tSEK 2.5tSEK 183.9b23.1x24x1.8x
Tue, 05 Nov 2024SEK 4.3tSEK 2.5tSEK 181.7b23.5x23.7x1.7x
Thu, 03 Oct 2024SEK 4.4tSEK 2.5tSEK 185.3b23.2x24x1.8x
Sat, 31 Aug 2024SEK 4.4tSEK 2.5tSEK 185.8b24.9x23.8x1.7x
Mon, 29 Jul 2024SEK 4.4tSEK 2.5tSEK 189.0b25.4x23.2x1.7x
Wed, 26 Jun 2024SEK 4.3tSEK 2.5tSEK 186.0b24.7x23.1x1.7x
Fri, 24 May 2024SEK 4.5tSEK 2.5tSEK 186.3b24.2x24.3x1.8x
Sun, 21 Apr 2024SEK 4.1tSEK 2.5tSEK 192.7b21.3x21.5x1.6x
Tue, 19 Mar 2024SEK 4.2tSEK 2.5tSEK 192.1b21.6x22x1.7x
Thu, 15 Feb 2024SEK 4.0tSEK 2.5tSEK 193.1b21.2x20.5x1.6x
Sat, 13 Jan 2024SEK 3.9tSEK 2.5tSEK 182.0b20.8x21.3x1.6x
Mon, 11 Dec 2023SEK 3.8tSEK 2.5tSEK 182.2b18.8x20.9x1.5x
Wed, 08 Nov 2023SEK 3.4tSEK 2.5tSEK 184.4b16.5x18.6x1.4x
Fri, 06 Oct 2023SEK 3.4tSEK 2.4tSEK 176.1b17.2x19.4x1.4x
Sun, 03 Sep 2023SEK 3.6tSEK 2.4tSEK 176.1b18.3x20.2x1.5x
Tue, 01 Aug 2023SEK 3.7tSEK 2.4tSEK 174.7b19.2x21.3x1.5x
Thu, 29 Jun 2023SEK 3.7tSEK 2.4tSEK 167.9b19x21.9x1.6x
Sat, 27 May 2023SEK 3.8tSEK 2.4tSEK 167.7b18.7x22.4x1.6x
Mon, 24 Apr 2023SEK 3.7tSEK 2.3tSEK 162.6b20.2x22.8x1.6x
Wed, 22 Mar 2023SEK 3.6tSEK 2.2tSEK 156.1b19.4x22.8x1.6x
Price to Earnings Ratio

22.8x


Total Market Cap: SEK 3.6tTotal Earnings: SEK 156.1bTotal Revenue: SEK 2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Industrials Sector Price to Earnings3Y Average 23.2x202420252026
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 27.9x which is higher than its 3-year average PE of 23.2x.
  • 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 2.3% per year over the last three years.
  • Revenues for these companies have grown 3.2% 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-1.14%
Industrials-1.95%
Aerospace & Defense4.44%
Airlines0%0
Transportation0%0
Infrastructure-0.55%
Electrical-1.30%
Trade Distributors-1.77%
Commercial Services-1.91%
Machinery-2.23%
Construction-2.35%
Marine and Shipping-2.82%
Industrials-3.06%
Logistics-3.23%
Professional Services-3.73%
Building-4.19%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 75.1x.
    • Analysts are expecting annual earnings growth of 23.5%, which is higher than its past year's earnings decline of 10.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Logistics industry, expecting annual earnings growth of 52% over the next 5 years.
  • In contrast, the Industrials 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
SAAB B SaabSEK 685.404.9%
+SEK 17.3b		71.4%PE58.4x
ALFA Alfa LavalSEK 524.402.2%
+SEK 4.6b		15.1%PE26.2x
SECU B SecuritasSEK 157.250.6%
+SEK 515.6m		5.4%PE17.6x
ENGCON B engconSEK 64.803.8%
+SEK 366.0m		-34.2%PE45.3x
BERG B Bergman & BevingSEK 285.004.2%
+SEK 306.3m		-3.7%PS1.5x

Latest News

SAAB B
SEK 685.40
Saab
7D
4.9%
1Y
71.4%
SAND
SEK 356.20
Sandvik
7D
-2.8%
1Y
52.5%
EPI A
SEK 239.20
Epiroc
7D
-2.2%
1Y
12.0%
ENGCON B
SEK 64.80
engcon
7D
3.8%
1Y
-34.2%

ENGCON B: Circularity Project And Recalibrated Outlook Will Support Future Upside

Analysts have trimmed their price target on engcon to SEK 90 from SEK 100. This reflects a slightly lower assumed discount rate and modest adjustments to long-term valuation inputs, while maintaining a generally constructive view on the shares.
VSURE
€8.44
Verisure
7D
-4.7%
1Y
n/a
SKF B
SEK 222.90
AB SKF
7D
-5.6%
1Y
-3.2%
ASSA B
SEK 342.90
ASSA ABLOY
7D
-4.6%
1Y
8.3%

ASSA B: European Construction Recovery Expectations Will Test Rich Multiple And Execution Credentials

The analyst price target for ASSA ABLOY has increased by about SEK 5 to SEK 312, as analysts factor in updated assumptions on growth, margins and P/E multiples, along with recent Street research that highlights a potential recovery in European construction activity and mixed views across brokerage houses. Analyst Commentary Recent Street research on ASSA ABLOY presents a split view, with some firms lifting ratings and targets and others turning more cautious.
ATCO A
SEK 169.85
Atlas Copco
7D
-2.8%
1Y
-4.1%

ATCO A: Mixed Ratings And Special Dividend Will Shape Future Balance

The analyst price target for Atlas Copco has edged higher to SEK 194.0, with analysts citing a small adjustment to the discount rate and steady assumptions for revenue growth, profit margins and future P/E as key factors behind the move, despite mixed recent rating and target changes from Goldman Sachs, Deutsche Bank, Citi and Pareto. Analyst Commentary Recent research on Atlas Copco reflects a split view, with some on the Street focusing on earnings power and end market trends, and others concentrating on valuation risk and execution hurdles.
VOLV B
SEK 324.00
AB Volvo
7D
-1.6%
1Y
3.1%

VOLV B: Truck Cycle Weakness And Tariff Effects Will Shape Future Returns

Analysts have lifted the AB Volvo price target by SEK 8 to reflect slightly higher modeled fair value, supported by a series of recent SEK 10 to SEK 30 target increases and mixed rating changes that point to adjusted assumptions for revenue growth and margins despite ongoing truck market headwinds. Analyst Commentary Recent Street research on AB Volvo reflects a mix of optimism on valuation upside and caution around the truck cycle, with several firms adjusting price targets while fine tuning ratings.
SECU B
SEK 157.25
Securitas
7D
0.6%
1Y
5.4%

SECU B: Future Margins Dividend Policy And P/E Assumptions Will Drive Balanced Outlook

We are lifting our analyst price target for Securitas by SEK 3.2 to SEK 155.4. This reflects recent SEK-based target increases from several firms and updated analyst assumptions on discount rate, profit margin and future P/E levels. Analyst Commentary Recent Street research on Securitas points to a mixed view, with some analysts adjusting targets higher while others turn more cautious on the shares.
ALFA
SEK 524.40
Alfa Laval
7D
2.2%
1Y
15.1%

ALFA: Elevated P E Multiples Will Strain Tanker Order Execution Ahead

Narrative Update: Alfa Laval The analyst fair value estimate for Alfa Laval has been lifted from SEK 425 to SEK 430, reflecting updated assumptions on revenue growth, profit margins and P/E multiples, as analysts point to stronger tanker order expectations, a more balanced valuation and a series of recent price target revisions, including moves to SEK 466 and SEK 500. Analyst Commentary Recent research updates on Alfa Laval highlight a mix of optimism and caution, with several firms adjusting their views and price targets in quick succession.
BRAV
SEK 103.20
Bravida Holding
7D
1.0%
1Y
10.7%
FMM B
SEK 93.60
FM Mattsson
7D
8.1%
1Y
91.0%
BERG B
SEK 285.00
Bergman & Beving
7D
4.2%
1Y
-3.7%
FAG
SEK 28.45
Fagerhult Group
7D
4.6%
1Y
-36.5%
LATO B
SEK 202.50
Investment AB Latour
7D
-3.8%
1Y
-29.9%