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Swedish (OMX) Industrials Sector Analysis

UpdatedJan 22, 2026
DataAggregated Company Financials
Companies157
  • 7D1.1%
  • 3M7.6%
  • 1Y9.3%
  • YTD5.7%

Over the last 7 days, the Industrials industry has risen 1.1%, driven by gains from Atlas Copco of 1.3%. This means that the industry has gained 9.3% over the past year. 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
Fri, 23 Jan 2026SEK 4.8tSEK 2.5tSEK 172.2b25.4x27.9x1.9x
Sun, 21 Dec 2025SEK 4.5tSEK 2.5tSEK 172.2b25.1x26x1.8x
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
Price to Earnings Ratio

23.1x


Total Market Cap: SEK 3.6tTotal Earnings: SEK 155.4bTotal 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 27.9x 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 3.5% per year over the last three years.
  • Revenues for these companies have grown 4.6% 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 Market-0.55%
Industrials1.10%
Aerospace & Defense3.95%
Machinery2.18%
Commercial Services0.69%
Marine and Shipping0.55%
Building0.43%
Airlines0%0
Transportation0%0
Construction-2.49%
Industrials-2.70%
Trade Distributors-3.55%
Professional Services-3.70%
Logistics-3.93%
Electrical-4.47%
Infrastructure-5.81%
Industry PE
  • Investors are most optimistic about the Marine and Shipping industry which is trading above its 3-year average PE ratio of 47.8x.
    • 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 111% 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
ATCO A Atlas CopcoSEK 190.501.3%
+SEK 12.2b		0.4%PE33.6x
SAND SandvikSEK 330.700.7%
+SEK 2.8b		43.7%PE28.1x
SECU B SecuritasSEK 147.952.2%
+SEK 1.9b		6.9%PE16.8x
MTRS Munters GroupSEK 180.605.9%
+SEK 1.8b		-10.0%PE42x
GOMX GomSpace GroupSEK 24.1518.7%
+SEK 640.9m		519.2%PS12.5x

Latest News

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BEIJ B
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SEK 180.60
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GOMX
SEK 24.15
GomSpace Group
7D
18.7%
1Y
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LATO B
SEK 225.60
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ASSA B
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STOR B
SEK 12.03
Storskogen Group
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INDT
SEK 226.80
Indutrade
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1Y
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EPI A
SEK 225.10
Epiroc
7D
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1Y
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Analysts have nudged their fair value estimate for Epiroc higher from SEK 208.50 to about SEK 213.11, citing updated assumptions around the discount rate, revenue growth, profit margins and future P/E that modestly reshape their overall valuation framework. What's in the News Epiroc AB (publ) is being added to the OMX Nordic 40 Index, reflecting its inclusion in a major regional benchmark index (Index Constituent Adds).
SAND
SEK 330.70
Sandvik
7D
0.7%
1Y
43.7%

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Analysts have lifted their price target on Sandvik from about SEK 177 to SEK 212, reflecting updated assumptions on growth, profitability and P/E that are in line with recent target increases from Citi, RBC and Rothschild & Co Redburn. Analyst Commentary Recent Street research around Sandvik has centered on refreshed price targets and rating changes, giving you a clearer sense of how the market is framing risk and reward.
VOLV B
SEK 315.80
AB Volvo
7D
0.1%
1Y
8.5%

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SECU B
SEK 147.95
Securitas
7D
2.2%
1Y
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ATCO A
SEK 190.50
Atlas Copco
7D
1.3%
1Y
0.4%

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The analyst price target for Atlas Copco has been raised by about SEK 1.76 to SEK 177.35, as analysts factor in shifts in end market conditions, differing views on the pace of recovery and equipment risk, and updated assumptions for growth, margins, discount rate, and future P/E. Analyst Commentary Recent research views on Atlas Copco show a clear split, with some analysts lifting ratings and targets, while others are turning more cautious and trimming their expectations.
LIFCO B
SEK 321.00
Lifco
7D
-4.4%
1Y
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SYSR
SEK 90.70
Systemair
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1Y
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