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Swedish (OMX) Industrials Sector Analysis

UpdatedNov 18, 2025
DataAggregated Company Financials
Companies154
  • 7D-1.3%
  • 3M-1.5%
  • 1Y2.9%
  • YTD2.4%

Over the last 7 days, the Industrials industry has dropped 1.3%, driven by Atlas Copco declining 2.4%. As for the longer term, the industry's performance has been flat for the past year. 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
Tue, 18 Nov 2025SEK 4.3tSEK 2.5tSEK 172.1b24.3x25.1x1.7x
Thu, 16 Oct 2025SEK 4.3tSEK 2.5tSEK 175.5b23.5x24.8x1.7x
Sat, 13 Sep 2025SEK 4.3tSEK 2.5tSEK 175.5b23.5x24.7x1.7x
Mon, 11 Aug 2025SEK 4.3tSEK 2.4tSEK 173.0b24.5x24.7x1.8x
Wed, 09 Jul 2025SEK 4.3tSEK 2.5tSEK 183.9b23.5x23.2x1.7x
Fri, 06 Jun 2025SEK 4.3tSEK 2.5tSEK 183.8b23.8x23.3x1.7x
Sun, 04 May 2025SEK 4.2tSEK 2.5tSEK 181.8b22.3x23x1.7x
Tue, 01 Apr 2025SEK 4.2tSEK 2.5tSEK 185.6b21.7x22.6x1.7x
Thu, 27 Feb 2025SEK 4.7tSEK 2.5tSEK 185.9b25.1x25.1x1.9x
Sat, 25 Jan 2025SEK 4.5tSEK 2.5tSEK 183.8b23.7x24.4x1.8x
Mon, 23 Dec 2024SEK 4.2tSEK 2.5tSEK 183.7b23.4x22.6x1.7x
Wed, 20 Nov 2024SEK 4.2tSEK 2.5tSEK 185.1b22.6x22.5x1.7x
Fri, 18 Oct 2024SEK 4.4tSEK 2.5tSEK 185.8b23.5x23.4x1.7x
Sun, 15 Sep 2024SEK 4.3tSEK 2.5tSEK 185.8b23.4x23.1x1.7x
Tue, 13 Aug 2024SEK 4.2tSEK 2.5tSEK 189.0b24.1x22.1x1.7x
Thu, 11 Jul 2024SEK 4.3tSEK 2.5tSEK 186.1b25.2x23.1x1.7x
Sat, 08 Jun 2024SEK 4.4tSEK 2.5tSEK 185.9b25x23.9x1.8x
Mon, 06 May 2024SEK 4.2tSEK 2.5tSEK 188.7b23.2x22.5x1.7x
Wed, 03 Apr 2024SEK 4.2tSEK 2.5tSEK 191.6b22.2x22.2x1.7x
Fri, 01 Mar 2024SEK 4.1tSEK 2.5tSEK 192.2b21.4x21.4x1.6x
Sun, 28 Jan 2024SEK 3.9tSEK 2.5tSEK 192.8b20.3x20x1.5x
Tue, 26 Dec 2023SEK 4.0tSEK 2.5tSEK 182.1b19.3x21.8x1.6x
Thu, 23 Nov 2023SEK 3.7tSEK 2.5tSEK 182.0b18.2x20.1x1.5x
Sat, 21 Oct 2023SEK 3.3tSEK 2.5tSEK 182.1b16.1x18.1x1.3x
Mon, 18 Sep 2023SEK 3.6tSEK 2.4tSEK 176.1b18x20.2x1.5x
Wed, 16 Aug 2023SEK 3.6tSEK 2.4tSEK 174.6b18.4x20.4x1.5x
Fri, 14 Jul 2023SEK 3.7tSEK 2.4tSEK 167.6b18.7x22x1.6x
Sun, 11 Jun 2023SEK 3.8tSEK 2.4tSEK 167.9b19.1x22.6x1.6x
Tue, 09 May 2023SEK 3.7tSEK 2.3tSEK 165.5b19.3x22.6x1.6x
Thu, 06 Apr 2023SEK 3.6tSEK 2.2tSEK 156.3b19.6x23x1.6x
Sat, 04 Mar 2023SEK 3.7tSEK 2.2tSEK 155.7b19.7x23.7x1.6x
Mon, 30 Jan 2023SEK 3.6tSEK 2.2tSEK 155.4b19.8x23.1x1.6x
Wed, 28 Dec 2022SEK 3.3tSEK 2.2tSEK 162.6b17.8x20.4x1.5x
Fri, 25 Nov 2022SEK 3.4tSEK 2.1tSEK 162.6b17.4x21x1.6x
Price to Earnings Ratio

21x


Total Market Cap: SEK 3.4tTotal Earnings: SEK 162.6bTotal Revenue: SEK 2.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Industrials Sector Price to Earnings3Y Average 22.6x202320242025
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 25.6x which is higher than its 3-year average PE of 22.6x.
  • 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-0.98%
Industrials-1.33%
Aerospace & Defense1.72%
Construction0.79%
Marine and Shipping0.20%
Airlines0%0
Transportation0%0
Commercial Services-0.33%
Industrials-0.77%
Infrastructure-1.02%
Building-1.74%
Electrical-1.83%
Machinery-1.86%
Logistics-1.90%
Trade Distributors-2.58%
Professional Services-5.31%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 32.1x.
    • Analysts are expecting annual earnings growth of 31.7%, which is higher than its past year's earnings decline of 42.7% per year.
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 538.502.6%
+SEK 7.3b		124.4%PE55.7x
SKA B SkanskaSEK 249.202.5%
+SEK 2.5b		13.8%PE16.6x
MTRS Munters GroupSEK 157.202.9%
+SEK 803.2m		-8.4%PE36.6x
PEAB B PeabSEK 77.003.8%
+SEK 798.8m		-5.0%PE13.3x
VOLO VolatiSEK 112.606.8%
+SEK 571.7m		26.5%PE37.4x

Latest News

BYGGP
SEK 39.90
ByggPartner Gruppen
7D
16.3%
1Y
139.6%

ByggPartner Gruppen AB (publ)'s (STO:BYGGP) Shares Bounce 28% But Its Business Still Trails The Market

Nov 18
ByggPartner Gruppen AB (publ)'s (STO:BYGGP) Shares Bounce 28% But Its Business Still Trails The Market
SAAB B
SEK 538.50
Saab
7D
2.6%
1Y
124.4%

SAAB B: Revenue Momentum And Premium Shares Will Limit Future Upside Potential

Analysts have modestly raised their price target for Saab to SEK 460, citing the company's resilient revenue growth outlook. However, they caution that a premium valuation continues to limit upside potential.
NIBE B
SEK 32.86
NIBE Industrier
7D
-12.2%
1Y
-31.4%
SAND
SEK 277.10
Sandvik
7D
-5.1%
1Y
36.9%

SAND: Continued Execution Will Determine Fair Value Stability Amid Sector Shifts

Sandvik's analyst price target has increased modestly to SEK 282.56, as analysts cite a series of upward revisions from major institutions. This reflects continued optimism around the company's growth prospects.
SKF B
SEK 237.20
AB SKF
7D
-8.2%
1Y
15.8%

SKF B: Share Outlook Will Balance Automotive Spin-Off Hopes and Market Risks

Analysts have marginally increased their fair value estimate for AB SKF to SEK 260.79 from SEK 257, following recent adjustments in price targets in light of mixed outlooks on the company's growth prospects and profit margins. Analyst Commentary Recent analyst updates highlight a mix of optimism and caution regarding AB SKF’s growth outlook and share valuation.
NCC B
SEK 211.00
NCC
7D
1.3%
1Y
32.2%

Returns At NCC (STO:NCC B) Appear To Be Weighed Down

Nov 14
Returns At NCC (STO:NCC B) Appear To Be Weighed Down
ATCO A
SEK 150.35
Atlas Copco
7D
-5.8%
1Y
-13.1%
MTRS
SEK 157.20
Munters Group
7D
2.9%
1Y
-8.4%
SKA B
SEK 249.20
Skanska
7D
2.5%
1Y
13.8%

Skanska AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Nov 09
Skanska AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
EPRO B
SEK 66.00
Electrolux Professional
7D
1.1%
1Y
2.0%
ASSA B
SEK 343.20
ASSA ABLOY
7D
-4.3%
1Y
5.6%

ASSA B: Recovery Signs In U S Construction Will Drive Balanced Outlook

ASSA ABLOY's analyst price target has increased modestly, rising from SEK 366.06 to SEK 375.44 as analysts cite signs of end market recovery and ongoing confidence in the company’s growth outlook. Analyst Commentary Recent analyst activity reflects cautious optimism toward ASSA ABLOY's outlook, with several price target increases and an upgrade in rating tied to perceived improvements in key end markets and ongoing operational execution.
VOLV B
SEK 261.00
AB Volvo
7D
-2.5%
1Y
-2.1%

VOLV B: Margin Improvements Will Drive Upside Despite Tariff Headwinds

AB Volvo’s analyst price target was reduced from SEK 294.88 to SEK 289.50, as analysts pointed to softer anticipated revenue growth and persistent margin concerns. Analyst Commentary Recent street research surrounding AB Volvo reflects a mix of optimistic and cautionary perspectives as analysts adjust price targets and ratings, citing evolving business dynamics.
PEAB B
SEK 77.00
Peab
7D
3.8%
1Y
-5.0%

Peab's (STO:PEAB B) Shareholders May Want To Dig Deeper Than Statutory Profit

Nov 02
Peab's (STO:PEAB B) Shareholders May Want To Dig Deeper Than Statutory Profit
EPI A
SEK 189.00
Epiroc
7D
-5.8%
1Y
-3.6%

Epiroc AB (publ) Just Missed Earnings - But Analysts Have Updated Their Models

Nov 01
Epiroc AB (publ) Just Missed Earnings - But Analysts Have Updated Their Models
VOLO
SEK 112.60
Volati
7D
6.8%
1Y
26.5%
VSURE
€15.50
Verisure
7D
-4.8%
1Y
n/a