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Swedish (OMX) Industrials Sector Analysis

UpdatedMar 18, 2026
DataAggregated Company Financials
Companies157
  • 7D-3.6%
  • 3M4.1%
  • 1Y2.3%
  • YTD0.7%

The Industrials industry has stayed flat over the last week. Furthermore, the industry has been flat for the past year as well. 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
Wed, 18 Mar 2026SEK 4.6tSEK 2.5tSEK 166.8b23x27.8x1.9x
Fri, 13 Feb 2026SEK 5.0tSEK 2.5tSEK 166.4b24.6x29.9x2x
Sun, 11 Jan 2026SEK 4.8tSEK 2.5tSEK 172.2b25.8x27.7x1.9x
Tue, 09 Dec 2025SEK 4.5tSEK 2.5tSEK 172.2b25.2x26.2x1.8x
Thu, 06 Nov 2025SEK 4.4tSEK 2.5tSEK 172.4b24.2x25.5x1.8x
Sat, 04 Oct 2025SEK 4.4tSEK 2.5tSEK 175.5b23.7x25.1x1.8x
Mon, 01 Sep 2025SEK 4.3tSEK 2.5tSEK 175.5b23.6x24.5x1.7x
Wed, 30 Jul 2025SEK 4.3tSEK 2.4tSEK 172.8b25x24.9x1.8x
Fri, 27 Jun 2025SEK 4.1tSEK 2.5tSEK 184.0b23x22.5x1.6x
Sun, 25 May 2025SEK 4.2tSEK 2.5tSEK 183.9b22.7x22.6x1.6x
Tue, 22 Apr 2025SEK 3.9tSEK 2.5tSEK 188.1b20.3x20.9x1.6x
Thu, 20 Mar 2025SEK 4.5tSEK 2.5tSEK 185.8b23.8x24.4x1.8x
Sat, 15 Feb 2025SEK 4.6tSEK 2.5tSEK 185.7b25.1x25x1.8x
Mon, 13 Jan 2025SEK 4.2tSEK 2.5tSEK 183.7b23.3x22.7x1.7x
Wed, 11 Dec 2024SEK 4.4tSEK 2.5tSEK 183.8b23.4x23.7x1.7x
Fri, 08 Nov 2024SEK 4.4tSEK 2.5tSEK 185.8b23.2x23.7x1.8x
Sun, 06 Oct 2024SEK 4.5tSEK 2.5tSEK 185.3b23.4x24x1.8x
Tue, 03 Sep 2024SEK 4.4tSEK 2.5tSEK 185.7b24.2x23.7x1.7x
Thu, 01 Aug 2024SEK 4.4tSEK 2.5tSEK 189.1b25.4x23.5x1.8x
Sat, 29 Jun 2024SEK 4.3tSEK 2.5tSEK 186.0b25x23.2x1.7x
Mon, 27 May 2024SEK 4.5tSEK 2.5tSEK 186.3b24.8x24.2x1.8x
Wed, 24 Apr 2024SEK 4.2tSEK 2.5tSEK 189.7b22.3x22.1x1.7x
Fri, 22 Mar 2024SEK 4.4tSEK 2.5tSEK 192.1b21.8x22.7x1.7x
Sun, 18 Feb 2024SEK 4.0tSEK 2.5tSEK 192.4b22.8x21x1.6x
Tue, 16 Jan 2024SEK 3.8tSEK 2.5tSEK 182.0b21.3x21x1.5x
Thu, 14 Dec 2023SEK 3.8tSEK 2.5tSEK 182.0b19.1x20.9x1.5x
Sat, 11 Nov 2023SEK 3.5tSEK 2.5tSEK 180.8b16.8x19.1x1.4x
Mon, 09 Oct 2023SEK 3.5tSEK 2.4tSEK 176.1b17.3x19.7x1.4x
Wed, 06 Sep 2023SEK 3.6tSEK 2.4tSEK 176.1b18.7x20.4x1.5x
Fri, 04 Aug 2023SEK 3.6tSEK 2.4tSEK 174.7b18.7x20.8x1.5x
Sun, 02 Jul 2023SEK 3.8tSEK 2.4tSEK 167.9b18.9x22.5x1.6x
Tue, 30 May 2023SEK 3.7tSEK 2.4tSEK 167.5b18.8x22.3x1.6x
Thu, 27 Apr 2023SEK 3.7tSEK 2.2tSEK 163.4b20x22.4x1.6x
Sat, 25 Mar 2023SEK 3.4tSEK 2.2tSEK 156.3b18.8x22.1x1.5x
Price to Earnings Ratio

22.1x


Total Market Cap: SEK 3.4tTotal Earnings: SEK 156.3bTotal 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 28.0x 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 2.2% 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-1.79%
Industrials-3.56%
Infrastructure5.41%
Commercial Services0.70%
Aerospace & Defense0.26%
Electrical0.15%
Airlines0%0
Transportation0%0
Marine and Shipping-0.60%
Trade Distributors-0.78%
Logistics-2.86%
Construction-2.87%
Building-2.92%
Professional Services-2.97%
Industrials-3.22%
Machinery-4.97%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 76.2x.
    • 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 687.300.6%
+SEK 2.3b		67.0%PE58.5x
BEIJ B Beijer RefSEK 132.252.2%
+SEK 1.4b		-16.4%PE28.8x
VSURE Verisure€8.820.9%
+€83.8m		n/aPS2.4x
SECU B SecuritasSEK 157.450.9%
+SEK 830.7m		7.0%PE17.6x
ALFA Alfa LavalSEK 522.600.2%
+SEK 413.3m		15.4%PE26.1x

Latest News

ASSA B
SEK 344.30
ASSA ABLOY
7D
-2.8%
1Y
11.1%
LIFCO B
SEK 289.00
Lifco
7D
-2.8%
1Y
-21.4%
SAAB B
SEK 687.30
Saab
7D
0.6%
1Y
67.0%
SAND
SEK 352.50
Sandvik
7D
-7.4%
1Y
50.6%
EPI A
SEK 236.70
Epiroc
7D
-4.5%
1Y
9.7%
HTRO
SEK 30.97
Hexatronic Group
7D
3.6%
1Y
5.7%

HTRO: Revised Assumptions And Reduced Risk Will Shape Fair 2028 Outlook

Narrative Update Analysts have nudged their price target on Hexatronic Group slightly higher to SEK28.5 from SEK28.0, citing updated assumptions on revenue growth, profit margins and discount rates, along with a more positive stance in recent research. Analyst Commentary Recent research has turned more constructive on Hexatronic Group, with the latest work reflecting updated assumptions on growth, profitability and risk.
VSURE
€8.82
Verisure
7D
0.9%
1Y
n/a
COOR
SEK 62.00
Coor Service Management Holding
7D
3.8%
1Y
84.7%

COOR: Dividend Shift And New CFO Will Shape A Measured Outlook

Analysts have raised their price target for Coor Service Management Holding from SEK55.63 to SEK64.00, citing updated assumptions for fair value, discount rate, revenue growth, profit margins, and future P/E expectations. What's in the News The Board of Directors has proposed a total dividend of SEK 2.50 per share for 2025, including an extraordinary dividend of SEK 1.00 per share.
SDIP B
SEK 192.90
Sdiptech
7D
3.5%
1Y
-3.8%

SDIP B: Preference Share Redemption And Cash Flow Focus Will Support Future Upside

Analysts have kept their SEK 290.00 price target for Sdiptech unchanged, with only small tweaks to their discount rate, revenue growth, profit margin and future P/E assumptions guiding this steady view. What's in the News Sdiptech's Board of Directors has approved a mandatory redemption of all preference shares, with total redemption proceeds of about SEK 184m, equal to SEK 105.00 per preference share (Key Developments).
SKF B
SEK 221.10
AB SKF
7D
-6.2%
1Y
-4.5%
ATCO A
SEK 168.20
Atlas Copco
7D
-6.0%
1Y
-3.4%

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 319.60
AB Volvo
7D
-4.2%
1Y
-0.6%

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 157.45
Securitas
7D
0.9%
1Y
7.0%

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 522.60
Alfa Laval
7D
0.2%
1Y
15.4%

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.
BEIJ B
SEK 132.25
Beijer Ref
7D
2.2%
1Y
-16.4%

BEIJ B: Higher 2025 Dividend And Split Payouts Will Support Outlook

Analysts have kept their SEK 172.83 price target for Beijer Ref unchanged, citing only minor tweaks to inputs such as a slightly lower discount rate and a marginally adjusted future P/E assumption, rather than any shift in their core view of the company. What's in the News The Board of Directors of Beijer Ref AB (publ) has proposed a dividend of SEK 1.50 per share for the year 2025, compared with SEK 1.40 previously, corresponding to 31% of net profit attributable to the parent company's shareholders, excluding items affecting comparability (Key Developments).
LATO B
SEK 203.20
Investment AB Latour
7D
-3.7%
1Y
-30.1%