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Swedish (OMX) Industrials Sector Analysis

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies157
  • 7D2.8%
  • 3M13.5%
  • 1Y12.5%
  • YTD9.0%

The Industrials industry is up 2.8% in the last week, with AB Volvo up 7.9%. During this same period, the Saab underperformed, falling 7.8%. In the last 12 months, the industry was up 13%. Looking forward, 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
Thu, 05 Feb 2026SEK 5.0tSEK 2.5tSEK 167.1b25x29.8x2x
Sat, 03 Jan 2026SEK 4.6tSEK 2.5tSEK 172.2b25.6x26.4x1.8x
Mon, 01 Dec 2025SEK 4.4tSEK 2.5tSEK 172.2b24.5x25.6x1.8x
Wed, 29 Oct 2025SEK 4.5tSEK 2.5tSEK 172.8b24.9x26.2x1.8x
Fri, 26 Sep 2025SEK 4.2tSEK 2.5tSEK 175.5b23.2x24.2x1.7x
Sun, 24 Aug 2025SEK 4.4tSEK 2.4tSEK 174.0b23.4x25.2x1.8x
Tue, 22 Jul 2025SEK 4.2tSEK 2.4tSEK 170.7b23.6x24.9x1.7x
Thu, 19 Jun 2025SEK 4.1tSEK 2.5tSEK 184.0b22.7x22.5x1.6x
Sat, 17 May 2025SEK 4.3tSEK 2.5tSEK 183.8b23.1x23.5x1.7x
Mon, 14 Apr 2025SEK 3.8tSEK 2.5tSEK 185.7b19.8x20.6x1.5x
Wed, 12 Mar 2025SEK 4.5tSEK 2.5tSEK 187.3b23.2x23.8x1.8x
Fri, 07 Feb 2025SEK 4.5tSEK 2.5tSEK 183.3b23.6x24.6x1.8x
Sun, 05 Jan 2025SEK 4.2tSEK 2.5tSEK 183.7b23.7x22.8x1.7x
Tue, 03 Dec 2024SEK 4.3tSEK 2.5tSEK 183.9b23.2x23.3x1.7x
Thu, 31 Oct 2024SEK 4.3tSEK 2.5tSEK 181.8b23.3x23.7x1.7x
Sat, 28 Sep 2024SEK 4.5tSEK 2.5tSEK 185.3b23.7x24.3x1.8x
Mon, 26 Aug 2024SEK 4.3tSEK 2.5tSEK 186.3b24x23.3x1.7x
Wed, 24 Jul 2024SEK 4.4tSEK 2.5tSEK 190.5b25.1x23.2x1.7x
Fri, 21 Jun 2024SEK 4.3tSEK 2.5tSEK 186.0b25.6x23.4x1.7x
Sun, 19 May 2024SEK 4.4tSEK 2.5tSEK 186.2b23.9x23.7x1.8x
Tue, 16 Apr 2024SEK 4.3tSEK 2.5tSEK 191.4b21.8x22.2x1.7x
Thu, 14 Mar 2024SEK 4.2tSEK 2.5tSEK 192.0b21.7x22x1.7x
Sat, 10 Feb 2024SEK 3.9tSEK 2.5tSEK 194.9b20.9x20.2x1.6x
Mon, 08 Jan 2024SEK 3.8tSEK 2.5tSEK 182.1b20x21x1.5x
Wed, 06 Dec 2023SEK 3.7tSEK 2.5tSEK 182.0b18.9x20.6x1.5x
Fri, 03 Nov 2023SEK 3.4tSEK 2.5tSEK 184.5b16.3x18.6x1.4x
Sun, 01 Oct 2023SEK 3.5tSEK 2.4tSEK 176.1b17.8x19.8x1.4x
Tue, 29 Aug 2023SEK 3.5tSEK 2.4tSEK 176.1b18.2x20.1x1.5x
Thu, 27 Jul 2023SEK 3.7tSEK 2.4tSEK 174.6b19.2x21.1x1.5x
Sat, 24 Jun 2023SEK 3.7tSEK 2.4tSEK 167.9b18.8x21.9x1.6x
Mon, 22 May 2023SEK 3.8tSEK 2.3tSEK 167.5b19.3x22.9x1.6x
Wed, 19 Apr 2023SEK 3.8tSEK 2.2tSEK 156.3b20.7x24.1x1.7x
Fri, 17 Mar 2023SEK 3.5tSEK 2.2tSEK 156.1b19.1x22.4x1.6x
Sun, 12 Feb 2023SEK 3.6tSEK 2.2tSEK 155.9b20.2x23.1x1.6x
Price to Earnings Ratio

23.1x


Total Market Cap: SEK 3.6tTotal Earnings: SEK 155.9bTotal 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 29.8x 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 2.0x.
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 3.5% 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 Market1.41%
Industrials2.78%
Building6.45%
Machinery4.71%
Construction3.14%
Electrical2.68%
Trade Distributors1.71%
Industrials0.90%
Marine and Shipping0.016%
Airlines0%0
Transportation0%0
Professional Services-2.52%
Infrastructure-3.01%
Commercial Services-4.64%
Aerospace & Defense-7.64%
Logistics-14.04%
Industry PE
  • Investors are most optimistic about the Marine and Shipping industry which is trading above its 3-year average PE ratio of 50.9x.
    • 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 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
VOLV B AB VolvoSEK 346.307.2%
+SEK 47.4b		11.7%PE20.4x
ASSA B ASSA ABLOYSEK 388.007.7%
+SEK 30.9b		16.5%PE29.4x
ATCO A Atlas CopcoSEK 187.352.1%
+SEK 18.8b		0.5%PE34.5x
SAND SandvikSEK 366.803.6%
+SEK 15.9b		59.1%PE31.3x
EPI A EpirocSEK 265.504.2%
+SEK 12.8b		24.8%PE37.3x

Latest News

SECU B
SEK 160.50
Securitas
7D
9.8%
1Y
3.2%
ALFA
SEK 506.60
Alfa Laval
7D
-1.4%
1Y
7.7%
SAND
SEK 366.80
Sandvik
7D
3.6%
1Y
59.1%
BEIJ B
SEK 129.85
Beijer Ref
7D
-3.2%
1Y
-22.8%
ASSA B
SEK 388.00
ASSA ABLOY
7D
7.7%
1Y
16.5%
VSURE
€11.70
Verisure
7D
-13.8%
1Y
n/a
ATCO A
SEK 187.35
Atlas Copco
7D
2.1%
1Y
0.5%
INDT
SEK 228.80
Indutrade
7D
8.8%
1Y
-25.6%
SKF B
SEK 247.90
AB SKF
7D
-1.5%
1Y
12.0%
SAAB B
SEK 639.20
Saab
7D
-8.5%
1Y
181.0%
VOLV B
SEK 346.30
AB Volvo
7D
7.2%
1Y
11.7%
NOLA B
SEK 52.20
Nolato
7D
-10.9%
1Y
-10.6%
EPI A
SEK 265.50
Epiroc
7D
4.2%
1Y
24.8%

Epiroc (STO:EPI A) Has Affirmed Its Dividend Of SEK1.90

Jan 29
Epiroc (STO:EPI A) Has Affirmed Its Dividend Of SEK1.90
NCC B
SEK 212.00
NCC
7D
-7.7%
1Y
15.3%
NIBE B
SEK 36.60
NIBE Industrier
7D
7.2%
1Y
-19.7%

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).
TROAX
SEK 112.00
Troax Group
7D
-24.1%
1Y
-50.8%