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Swedish (OMX) Aerospace & Defense Industry Analysis

UpdatedApr 24, 2026
DataAggregated Company Financials
Companies10
  • 7D-2.6%
  • 3M-17.1%
  • 1Y30.6%
  • YTD5.3%

Over the last 7 days, the Aerospace & Defense industry has dropped 2.6%, driven by a pullback from Saab of 2.5%. On the other hand GomSpace Group is actually up 13%. Over the past 12 months, the industry was up 31%. As for the next few years, earnings are expected to grow by 21% per annum.

Industry Valuation and Performance

Has the Swedish Aerospace & Defense Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 24 Apr 2026SEK 344.5bSEK 84.6bSEK 6.7b53.3x51.7x4.1x
Sun, 22 Mar 2026SEK 370.0bSEK 84.7bSEK 6.7b48.9x55.5x4.4x
Tue, 17 Feb 2026SEK 361.6bSEK 84.2bSEK 6.7b50.1x53.9x4.3x
Thu, 15 Jan 2026SEK 397.7bSEK 76.8bSEK 5.2b53.9x76.2x5.2x
Sat, 13 Dec 2025SEK 296.1bSEK 76.8bSEK 5.2b48.3x56.7x3.9x
Mon, 10 Nov 2025SEK 301.6bSEK 76.8bSEK 5.2b47.3x57.5x3.9x
Wed, 08 Oct 2025SEK 320.6bSEK 74.2bSEK 5.3b51.6x61x4.3x
Fri, 05 Sep 2025SEK 298.5bSEK 74.2bSEK 5.3b52.1x56.8x4x
Sun, 03 Aug 2025SEK 311.9bSEK 74.4bSEK 5.2b52.9x60.4x4.2x
Tue, 01 Jul 2025SEK 315.9bSEK 69.9bSEK 4.7b48.3x67.2x4.5x
Thu, 29 May 2025SEK 298.3bSEK 69.8bSEK 4.7b49.6x63.3x4.3x
Sat, 26 Apr 2025SEK 262.8bSEK 68.1bSEK 4.2b44.9x61.9x3.9x
Mon, 24 Mar 2025SEK 237.5bSEK 68.2bSEK 4.2b41.3x56.2x3.5x
Wed, 19 Feb 2025SEK 182.7bSEK 68.1bSEK 4.2b36.2x43.9x2.7x
Fri, 17 Jan 2025SEK 150.3bSEK 63.0bSEK 4.1b38.1x36.4x2.4x
Sun, 15 Dec 2024SEK 146.3bSEK 63.0bSEK 4.1b39.1x35.5x2.3x
Tue, 12 Nov 2024SEK 151.5bSEK 63.0bSEK 4.1b37.1x36.7x2.4x
Thu, 10 Oct 2024SEK 139.9bSEK 60.9bSEK 3.8b33.1x36.6x2.3x
Sat, 07 Sep 2024SEK 137.2bSEK 61.0bSEK 3.8b33.3x35.7x2.3x
Mon, 05 Aug 2024SEK 142.5bSEK 61.0bSEK 3.8b33.9x37.2x2.3x
Wed, 03 Jul 2024SEK 155.9bSEK 58.0bSEK 3.6b39.6x43.7x2.7x
Fri, 31 May 2024SEK 148.7bSEK 58.0bSEK 3.6b46.1x41.6x2.6x
Sun, 28 Apr 2024SEK 141.3bSEK 58.0bSEK 3.6b39.6x39.4x2.4x
Tue, 26 Mar 2024SEK 146.7bSEK 55.3bSEK 3.6b42.7x41.1x2.7x
Thu, 22 Feb 2024SEK 124.7bSEK 55.3bSEK 3.5b37.8x35.3x2.3x
Sat, 20 Jan 2024SEK 106.1bSEK 52.9bSEK 3.4b41.2x31.1x2x
Mon, 18 Dec 2023SEK 91.9bSEK 52.9bSEK 3.4b35.6x26.9x1.7x
Wed, 15 Nov 2023SEK 89.9bSEK 52.8bSEK 3.3b37x27.1x1.7x
Fri, 13 Oct 2023SEK 94.6bSEK 49.8bSEK 2.9b39.9x32.1x1.9x
Sun, 10 Sep 2023SEK 95.9bSEK 49.8bSEK 2.9b41.6x32.6x1.9x
Tue, 08 Aug 2023SEK 92.8bSEK 49.8bSEK 2.9b41.7x31.4x1.9x
Thu, 06 Jul 2023SEK 93.6bSEK 47.1bSEK 2.5b50.3x37.2x2x
Sat, 03 Jun 2023SEK 96.8bSEK 47.1bSEK 2.5b49.4x38.5x2.1x
Mon, 01 May 2023SEK 93.1bSEK 46.7bSEK 2.4b61.2x38.2x2x
Price to Earnings Ratio

38.2x


Total Market Cap: SEK 93.1bTotal Earnings: SEK 2.4bTotal Revenue: SEK 46.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Aerospace & Defense Industry Price to Earnings3Y Average 44.9x202420252026
Current Industry PE
  • Investors are optimistic on the Swedish Aerospace & Defense industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 51.7x which is higher than its 3-year average PE of 44.9x.
  • The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 4.1x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & Defense industry have grown 40% per year over the last three years.
  • Revenues for these companies have grown 22% 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 industry?

SE Market-0.30%
Industrials0.48%
Aerospace & Defense-2.55%
Aerospace and Defense-2.55%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
GOMX GomSpace GroupSEK 20.6813.4%
+SEK 413.2m		182.9%PS7.9x
W5 W5 SolutionsSEK 57.908.6%
+SEK 80.8m		-16.7%PE69.2x

Latest News

AVT B
SEK 6.45
AVTECH Sweden
7D
-23.0%
1Y
-16.5%
XER
SEK 2.62
Xer Tech Holding
7D
-7.7%
1Y
-22.9%
MILDEF
SEK 178.15
MilDef Group
7D
-1.7%
1Y
-28.5%
SAAB B
SEK 586.30
Saab
7D
-2.5%
1Y
37.8%

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

Narrative Update The updated fair value estimate for Saab moves slightly higher to SEK 604.91 from SEK 603.09. This reflects analysts' recent SEK 20 increases to SEK 540 and SEK 516 price targets that are tied to revised revenue growth, profit margin, and future P/E assumptions.
GOMX
SEK 20.68
GomSpace Group
7D
13.4%
1Y
182.9%
AAC
SEK 121.80
AAC Clyde Space
7D
-5.3%
1Y
60.3%
W5
SEK 57.90
W5 Solutions
7D
8.6%
1Y
-16.7%

W5: Defence Contracts And M&A Pipeline Will Support Future Earnings Momentum

Analysts have kept their SEK price target for W5 Solutions broadly unchanged, with only a marginal adjustment that reflects slightly updated assumptions for the discount rate, revenue growth, profit margin and future P/E. This reflects refinements to their model inputs rather than a shift in the core investment view.
IVSO
SEK 280.00
Invisio
7D
-7.2%
1Y
-24.5%
CTT
SEK 134.40
CTT Systems
7D
-7.6%
1Y
-27.7%
SARS
SEK 0.98
Sarsys
7D
-6.7%
1Y
30.7%