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

Swedish (OMX) Industrials Sector Analysis

UpdatedApr 11, 2026
DataAggregated Company Financials
Companies159
  • 7D5.9%
  • 3M0.8%
  • 1Y27.3%
  • YTD5.8%

The Industrials industry is up 4.8% in the last week, with Atlas Copco up 7.0%. In the last 12 months, the industry was up 26%. 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
Sat, 11 Apr 2026SEK 4.9tSEK 2.5tSEK 166.3b24.6x29.3x2x
Mon, 09 Mar 2026SEK 4.8tSEK 2.5tSEK 167.0b23.5x28.5x1.9x
Wed, 04 Feb 2026SEK 4.9tSEK 2.5tSEK 167.2b24.4x29.4x2x
Fri, 02 Jan 2026SEK 4.5tSEK 2.5tSEK 172.3b25.5x26.4x1.8x
Sun, 30 Nov 2025SEK 4.4tSEK 2.5tSEK 172.2b24.5x25.6x1.8x
Tue, 28 Oct 2025SEK 4.6tSEK 2.5tSEK 172.8b24.8x26.4x1.8x
Thu, 25 Sep 2025SEK 4.3tSEK 2.5tSEK 175.5b23x24.4x1.7x
Sat, 23 Aug 2025SEK 4.4tSEK 2.4tSEK 173.7b23.4x25.3x1.8x
Mon, 21 Jul 2025SEK 4.2tSEK 2.4tSEK 170.7b24.2x24.9x1.7x
Wed, 18 Jun 2025SEK 4.2tSEK 2.5tSEK 184.0b22.7x22.6x1.6x
Fri, 16 May 2025SEK 4.3tSEK 2.5tSEK 183.8b23.1x23.6x1.7x
Sun, 13 Apr 2025SEK 3.8tSEK 2.5tSEK 185.7b19.8x20.6x1.5x
Tue, 11 Mar 2025SEK 4.6tSEK 2.5tSEK 187.3b23.6x24.3x1.8x
Thu, 06 Feb 2025SEK 4.5tSEK 2.5tSEK 182.4b23.3x24.4x1.8x
Sat, 04 Jan 2025SEK 4.2tSEK 2.5tSEK 183.7b23.7x22.8x1.7x
Mon, 02 Dec 2024SEK 4.2tSEK 2.5tSEK 185.1b23x22.8x1.7x
Wed, 30 Oct 2024SEK 4.3tSEK 2.5tSEK 181.7b23.4x23.9x1.7x
Fri, 27 Sep 2024SEK 4.5tSEK 2.5tSEK 185.3b23.5x24.3x1.8x
Sun, 25 Aug 2024SEK 4.3tSEK 2.5tSEK 186.3b24x23.3x1.7x
Tue, 23 Jul 2024SEK 4.4tSEK 2.5tSEK 190.5b25.1x23.2x1.7x
Thu, 20 Jun 2024SEK 4.3tSEK 2.5tSEK 186.0b25.3x23.2x1.7x
Sat, 18 May 2024SEK 4.4tSEK 2.5tSEK 186.3b23.9x23.7x1.8x
Mon, 15 Apr 2024SEK 4.2tSEK 2.5tSEK 191.4b21.6x22x1.7x
Wed, 13 Mar 2024SEK 4.2tSEK 2.5tSEK 192.0b21.8x22x1.7x
Fri, 09 Feb 2024SEK 4.0tSEK 2.5tSEK 194.9b21.5x20.3x1.6x
Sun, 07 Jan 2024SEK 3.8tSEK 2.5tSEK 182.1b20x21x1.5x
Tue, 05 Dec 2023SEK 3.7tSEK 2.5tSEK 182.0b18.3x20.3x1.5x
Thu, 02 Nov 2023SEK 3.4tSEK 2.5tSEK 186.0b16.1x18.1x1.4x
Sat, 30 Sep 2023SEK 3.5tSEK 2.4tSEK 176.1b17.8x19.8x1.4x
Mon, 28 Aug 2023SEK 3.5tSEK 2.4tSEK 176.1b17.5x19.8x1.4x
Wed, 26 Jul 2023SEK 3.7tSEK 2.4tSEK 174.6b19.2x21.2x1.5x
Fri, 23 Jun 2023SEK 3.7tSEK 2.4tSEK 167.9b18.8x21.9x1.6x
Sun, 21 May 2023SEK 3.8tSEK 2.3tSEK 167.5b19.2x22.9x1.6x
Tue, 18 Apr 2023SEK 3.8tSEK 2.2tSEK 156.3b20.6x24x1.7x
Price to Earnings Ratio

24x


Total Market Cap: SEK 3.8tTotal Earnings: SEK 156.3bTotal Revenue: SEK 2.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Industrials Sector Price to Earnings3Y Average 23.3x202420252026
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 29.0x which is higher than its 3-year average PE of 23.3x.
  • 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 2.1% 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 Market4.42%
Industrials5.89%
Marine and Shipping9.52%
Machinery7.71%
Electrical7.26%
Construction7.04%
Industrials6.85%
Building6.11%
Logistics4.80%
Trade Distributors4.59%
Professional Services2.75%
Commercial Services1.02%
Airlines0%0
Transportation0%0
Infrastructure-1.79%
Aerospace & Defense-4.67%
Industry PE
  • Investors are most optimistic about the Commercial Services industry which is trading above its 3-year average PE ratio of 31.4x.
    • Analysts are expecting annual earnings growth of 42.9%, which is higher than its past year's earnings growth of 7.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Logistics industry, expecting annual earnings growth of 54% 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
ATCO A Atlas CopcoSEK 179.507.9%
+SEK 64.0b		20.8%PE33.1x
SAND SandvikSEK 402.509.9%
+SEK 45.3b		120.3%PE34.4x
VOLV B AB VolvoSEK 326.305.7%
+SEK 36.0b		35.0%PE19.3x
EPI A EpirocSEK 256.8010.5%
+SEK 29.6b		39.5%PE36.1x
ASSA B ASSA ABLOYSEK 365.906.0%
+SEK 23.1b		33.9%PE27.6x

Latest News

SALT B
SEK 3.94
SaltX Technology Holding
7D
-4.1%
1Y
-23.4%
EPI A
SEK 256.80
Epiroc
7D
10.5%
1Y
39.5%
ASSA B
SEK 365.90
ASSA ABLOY
7D
6.0%
1Y
33.9%
VSURE
€9.39
Verisure
7D
-3.1%
1Y
n/a

Rising Acquisition Costs And Attrition Risks Will Test Recurring Revenue Strength Yet Offer Upside

Catalysts About Verisure Verisure provides monitored security systems and subscription-based alarm services for homes and small businesses. What are the underlying business or industry changes driving this perspective?
SAND
SEK 402.50
Sandvik
7D
9.9%
1Y
120.3%

SAND: Fair Value View Balances Mining Upswing Orders With Restructuring And Dividend

Sandvik's analyst fair value estimate has been updated from SEK 380 to SEK 430 as analysts factor in higher forecast revenue growth, slightly stronger margins, and a modestly lower assumed discount rate, in line with a series of recent price target revisions across the Street. Analyst Commentary Recent Street research on Sandvik shows a mix of views, but with a clear cluster of bullish analysts lifting price targets over the past few months.
VOLV B
SEK 326.30
AB Volvo
7D
5.7%
1Y
35.0%
SVED B
SEK 65.30
Svedbergs Group
7D
-4.9%
1Y
37.5%
ATCO A
SEK 179.50
Atlas Copco
7D
7.9%
1Y
20.8%

ATCO A: Special Dividend And Operating Leverage Will Support Future Upside

Narrative Update Analysts have made a small downward tweak to the Atlas Copco price target, trimming it by SEK 0.25, as they balance mixed recent broker actions with slightly adjusted assumptions for revenue, profit margins and future P/E. Analyst Commentary Recent research on Atlas Copco has been mixed, with several firms adjusting ratings and price targets in different directions over a short period.
MILDEF
SEK 128.00
MilDef Group
7D
-7.0%
1Y
-39.5%

MILDEF: Future Dividend Policy Will Support Long Term Upside Potential

MilDef Group's analyst price target has been adjusted slightly from SEK 208 to SEK 206 as analysts refresh their models around discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News MilDef Group AB (publ) declared an annual dividend of SEK 0.7500 per share, scheduled for payment on May 28, 2026 (Key Developments).
SAAB B
SEK 610.00
Saab
7D
-5.0%
1Y
47.4%

SAAB B: Higher P/E And Mixed Ratings Will Frame Fairly Valued Outlook

Saab's analyst price targets have moved higher, with recent updates pointing toward SEK 516 to SEK 540 as analysts factor in revised fair value assumptions and updated expectations for growth, margins and future P/E levels. Analyst Commentary Recent price target updates for Saab cluster in the SEK 516 to SEK 540 range, with analysts adjusting their fair value views while still expressing caution through Underweight and Sell ratings.
ALFA
SEK 548.40
Alfa Laval
7D
6.8%
1Y
42.8%

ALFA: Fair Outlook Balances Tanker Demand Opportunities With Execution And Pricing Risks

Alfa Laval's analyst fair value estimate has moved from SEK 479.33 to SEK 518.13. Analysts attribute this change to higher price targets from JPMorgan, Deutsche Bank and Morgan Stanley, along with updated assumptions for revenue growth, profit margin and future P/E as key drivers of this shift.
VSSAB B
SEK 137.00
Viking Supply Ships
7D
-4.5%
1Y
23.4%
STW
SEK 27.95
SeaTwirl
7D
-17.6%
1Y
327.4%
LIFCO B
SEK 292.00
Lifco
7D
6.2%
1Y
-11.8%
LATO B
SEK 217.50
Investment AB Latour
7D
7.8%
1Y
-13.2%
INFREA
SEK 15.20
Infrea
7D
-9.5%
1Y
18.8%