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

Swedish (OMX) Industrials Sector Analysis

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies157
  • 7D0.3%
  • 3M10.8%
  • 1Y9.4%
  • YTD6.7%

Last week, the Industrials industry hasn't moved much but AB Volvo is up 4.7% in that time. As for the the longer term, the industry is up 8.2% over the past 12 months. 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
Tue, 03 Feb 2026SEK 4.9tSEK 2.5tSEK 167.2b24.9x29.1x2x
Thu, 01 Jan 2026SEK 4.5tSEK 2.5tSEK 172.3b25.5x26.4x1.8x
Sat, 29 Nov 2025SEK 4.4tSEK 2.5tSEK 172.2b24.5x25.6x1.8x
Mon, 27 Oct 2025SEK 4.5tSEK 2.5tSEK 172.8b24.8x26.2x1.8x
Wed, 24 Sep 2025SEK 4.3tSEK 2.5tSEK 175.5b23.3x24.7x1.7x
Fri, 22 Aug 2025SEK 4.3tSEK 2.4tSEK 173.8b23.3x24.7x1.8x
Sun, 20 Jul 2025SEK 4.2tSEK 2.4tSEK 170.7b24.2x24.9x1.7x
Tue, 17 Jun 2025SEK 4.2tSEK 2.5tSEK 184.0b23.1x22.8x1.7x
Thu, 15 May 2025SEK 4.3tSEK 2.5tSEK 182.7b23.4x23.6x1.7x
Sat, 12 Apr 2025SEK 3.8tSEK 2.5tSEK 185.7b19.8x20.6x1.5x
Mon, 10 Mar 2025SEK 4.6tSEK 2.5tSEK 187.3b23.8x24.6x1.8x
Wed, 05 Feb 2025SEK 4.4tSEK 2.5tSEK 182.4b23.3x24.4x1.8x
Fri, 03 Jan 2025SEK 4.2tSEK 2.5tSEK 183.7b23.8x22.9x1.7x
Sun, 01 Dec 2024SEK 4.2tSEK 2.5tSEK 185.1b23x22.8x1.7x
Tue, 29 Oct 2024SEK 4.4tSEK 2.5tSEK 181.7b23.9x24.1x1.7x
Thu, 26 Sep 2024SEK 4.4tSEK 2.5tSEK 185.8b23.4x23.9x1.8x
Sat, 24 Aug 2024SEK 4.3tSEK 2.5tSEK 186.2b24.2x23.3x1.7x
Mon, 22 Jul 2024SEK 4.4tSEK 2.5tSEK 190.5b24.9x23x1.7x
Wed, 19 Jun 2024SEK 4.3tSEK 2.5tSEK 185.9b25.8x23.3x1.7x
Fri, 17 May 2024SEK 4.4tSEK 2.5tSEK 188.4b24.2x23.5x1.8x
Sun, 14 Apr 2024SEK 4.2tSEK 2.5tSEK 191.6b21.6x22x1.7x
Tue, 12 Mar 2024SEK 4.2tSEK 2.5tSEK 192.0b21.3x21.7x1.7x
Thu, 08 Feb 2024SEK 3.9tSEK 2.5tSEK 194.9b20.9x20.2x1.6x
Sat, 06 Jan 2024SEK 3.8tSEK 2.5tSEK 182.1b20x21x1.5x
Mon, 04 Dec 2023SEK 3.7tSEK 2.5tSEK 182.0b18.2x20.4x1.5x
Wed, 01 Nov 2023SEK 3.4tSEK 2.5tSEK 185.8b16.3x18.1x1.4x
Fri, 29 Sep 2023SEK 3.5tSEK 2.4tSEK 176.1b17.7x19.6x1.4x
Sun, 27 Aug 2023SEK 3.5tSEK 2.4tSEK 176.1b17.5x19.8x1.4x
Tue, 25 Jul 2023SEK 3.7tSEK 2.4tSEK 174.6b19.2x21.1x1.5x
Thu, 22 Jun 2023SEK 3.7tSEK 2.4tSEK 167.9b18.9x22x1.6x
Sat, 20 May 2023SEK 3.8tSEK 2.3tSEK 167.5b19.1x22.9x1.6x
Mon, 17 Apr 2023SEK 3.7tSEK 2.2tSEK 156.3b20.4x23.9x1.7x
Wed, 15 Mar 2023SEK 3.6tSEK 2.2tSEK 156.1b19.3x23x1.6x
Fri, 10 Feb 2023SEK 3.7tSEK 2.2tSEK 154.8b20.1x23.7x1.7x
Price to Earnings Ratio

23.7x


Total Market Cap: SEK 3.7tTotal Earnings: SEK 154.8bTotal 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 Market0.21%
Industrials0.31%
Electrical5.02%
Construction1.77%
Machinery1.30%
Airlines0%0
Transportation0%0
Building-0.22%
Commercial Services-0.48%
Industrials-1.27%
Professional Services-2.29%
Trade Distributors-2.38%
Infrastructure-2.50%
Aerospace & Defense-3.50%
Marine and Shipping-4.17%
Logistics-14.62%
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 330.404.7%
+SEK 30.1b		7.4%PE19.5x
SAND SandvikSEK 353.404.2%
+SEK 18.1b		56.9%PE30.2x
EPI A EpirocSEK 253.003.4%
+SEK 10.0b		21.5%PE35.6x
ALFA Alfa LavalSEK 527.802.7%
+SEK 5.7b		8.2%PE26.2x
ASSA B ASSA ABLOYSEK 364.300.9%
+SEK 3.8b		9.8%PE27.6x

Latest News

INDT
SEK 216.40
Indutrade
7D
-3.9%
1Y
-28.1%

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 128.50
Beijer Ref
7D
-5.8%
1Y
-21.5%
ATCO A
SEK 187.25
Atlas Copco
7D
-1.6%
1Y
2.3%

Semiconductor Vacuum Upswing And Expanding Service Base Will Support Stronger Long Term Prospects

Catalysts About Atlas Copco Atlas Copco supplies compressors, vacuum solutions, industrial tools and related services to industrial, semiconductor and energy customers globally. What are the underlying business or industry changes driving this perspective?
TREL B
SEK 368.10
Trelleborg
7D
-2.8%
1Y
-11.2%

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 237.10
AB SKF
7D
-6.1%
1Y
8.9%
SAND
SEK 353.40
Sandvik
7D
4.2%
1Y
56.9%

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 676.70
Saab
7D
-3.5%
1Y
178.1%
VOLV B
SEK 330.40
AB Volvo
7D
4.7%
1Y
7.4%
EPI A
SEK 253.00
Epiroc
7D
3.4%
1Y
21.5%

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 150.20
Securitas
7D
2.7%
1Y
7.1%

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 200.20
AQ Group
7D
9.9%
1Y
25.9%

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.
ASSA B
SEK 364.30
ASSA ABLOY
7D
0.9%
1Y
9.8%

ASSA B: Mixed Rating Shifts Will Support Cautious Yet Balanced Fair Outlook

Narrative Update The analyst price target for ASSA ABLOY has been adjusted slightly higher to SEK 377.84 from SEK 373.35, reflecting updated views on revenue growth, margins and future P/E assumptions. This comes even as recent Street research has included both a more cautious stance from Pareto and modest price target increases from Deutsche Bank and Morgan Stanley.
NIBE B
SEK 34.16
NIBE Industrier
7D
-3.5%
1Y
-21.5%

NIBE B: Index Removal Will Likely Expose Overstretched Earnings Multiple

Analysts have lifted their fair value estimate for NIBE Industrier from €24.49 to €31.30, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E as the key drivers of this change. What's in the News NIBE Industrier AB has been removed from the OMX Nordic 40 Index, which may affect how some index funds and benchmarked investors hold or trade the shares (Key Developments).
SKA B
SEK 274.70
Skanska
7D
2.5%
1Y
17.5%

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
€13.81
Verisure
7D
-1.7%
1Y
n/a
ALFA
SEK 527.80
Alfa Laval
7D
2.7%
1Y
8.2%

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.