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Swedish (OMX) Aerospace & Defense Industry Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies8
  • 7D-3.7%
  • 3M-10.5%
  • 1Y88.0%
  • YTD89.7%

Over the last 7 days, the Aerospace & Defense industry has dropped 4.3%, driven by a pullback from Saab of 4.2%. In contrast, MilDef Group has gained 7.7%. This takes the industry's 12 month performance to a gain of 82%. Looking forward, earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 28 Nov 2025SEK 279.0bSEK 76.8bSEK 5.2b44.5x53.4x3.6x
Sun, 26 Oct 2025SEK 308.7bSEK 74.5bSEK 5.2b48.9x58.9x4.1x
Tue, 23 Sep 2025SEK 328.3bSEK 74.2bSEK 5.3b54.7x62.5x4.4x
Thu, 21 Aug 2025SEK 295.4bSEK 74.5bSEK 5.2b52.7x57.2x4x
Sat, 19 Jul 2025SEK 332.8bSEK 69.9bSEK 4.7b49.6x70.8x4.8x
Mon, 16 Jun 2025SEK 277.5bSEK 69.9bSEK 4.7b46.1x59.1x4x
Wed, 14 May 2025SEK 261.3bSEK 69.8bSEK 4.7b44.3x55.3x3.7x
Fri, 11 Apr 2025SEK 250.7bSEK 68.2bSEK 4.2b45.5x59.3x3.7x
Sun, 09 Mar 2025SEK 227.6bSEK 68.2bSEK 4.2b39.6x53.8x3.3x
Tue, 04 Feb 2025SEK 154.8bSEK 63.0bSEK 4.1b39.6x37.5x2.5x
Thu, 02 Jan 2025SEK 147.8bSEK 63.0bSEK 4.1b39.6x35.8x2.3x
Sat, 30 Nov 2024SEK 150.2bSEK 63.0bSEK 4.1b37.5x36.4x2.4x
Mon, 28 Oct 2024SEK 143.3bSEK 63.0bSEK 4.1b35.4x34.7x2.3x
Wed, 25 Sep 2024SEK 131.4bSEK 60.9bSEK 3.8b33.2x34.4x2.2x
Fri, 23 Aug 2024SEK 145.8bSEK 61.0bSEK 3.8b34.7x38.1x2.4x
Sun, 21 Jul 2024SEK 154.1bSEK 58.0bSEK 3.6b39.1x43.2x2.7x
Tue, 18 Jun 2024SEK 149.3bSEK 58.0bSEK 3.6b43.2x41.8x2.6x
Thu, 16 May 2024SEK 145.1bSEK 58.0bSEK 3.5b40.2x40.9x2.5x
Sat, 13 Apr 2024SEK 142.4bSEK 55.3bSEK 3.6b42.1x39.9x2.6x
Mon, 11 Mar 2024SEK 128.3bSEK 55.3bSEK 3.6b37x35.9x2.3x
Wed, 07 Feb 2024SEK 109.9bSEK 52.9bSEK 3.4b41.6x32.2x2.1x
Fri, 05 Jan 2024SEK 100.5bSEK 52.9bSEK 3.4b37.4x29.4x1.9x
Sun, 03 Dec 2023SEK 88.5bSEK 52.9bSEK 3.4b37.6x26x1.7x
Tue, 31 Oct 2023SEK 90.1bSEK 52.8bSEK 3.3b35.4x27.2x1.7x
Thu, 28 Sep 2023SEK 90.3bSEK 49.8bSEK 2.9b38.4x30.7x1.8x
Sat, 26 Aug 2023SEK 92.0bSEK 49.8bSEK 2.9b41.4x31.2x1.8x
Mon, 24 Jul 2023SEK 93.9bSEK 49.5bSEK 2.9b49.6x32.2x1.9x
Wed, 21 Jun 2023SEK 99.0bSEK 47.1bSEK 2.5b50.8x39.4x2.1x
Fri, 19 May 2023SEK 100.4bSEK 47.1bSEK 2.5b55.2x39.7x2.1x
Sun, 16 Apr 2023SEK 99.8bSEK 44.4bSEK 2.1b58.4x48.5x2.2x
Tue, 14 Mar 2023SEK 96.5bSEK 44.4bSEK 2.1b50.3x46.9x2.2x
Thu, 09 Feb 2023SEK 73.8bSEK 42.0bSEK 1.6b57.2x45.1x1.8x
Sat, 07 Jan 2023SEK 69.2bSEK 42.2bSEK 1.7b57.6x40.5x1.6x
Mon, 05 Dec 2022SEK 67.7bSEK 42.2bSEK 1.7b58x39.6x1.6x
Price to Earnings Ratio

39.6x


Total Market Cap: SEK 67.7bTotal Earnings: SEK 1.7bTotal Revenue: SEK 42.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Aerospace & Defense Industry Price to Earnings3Y Average 42.8x202320242025
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 53.4x which is higher than its 3-year average PE of 42.8x.
  • The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & Defense industry have grown 45% 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 Market3.22%
Industrials3.12%
Aerospace & Defense-3.66%
Aerospace and Defense-3.66%
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
MILDEF MilDef GroupSEK 136.907.7%
+SEK 461.5m		19.0%PS3.8x
IVSO InvisioSEK 260.501.2%
+SEK 138.5m		-6.8%PE57.4x
GOMX GomSpace GroupSEK 15.764.4%
+SEK 111.3m		245.2%PS8.2x
AAC AAC Clyde SpaceSEK 80.907.3%
+SEK 35.8m		77.0%PS1.4x
AVT B AVTECH SwedenSEK 9.744.5%
+SEK 23.7m		153.6%PE32.1x

Latest News

IVSO
SEK 260.50
Invisio
7D
1.2%
1Y
-6.8%

IVSO: Recent Major Defense Agreements Will Drive Performance Over Coming Years

Analysts have maintained their price target for Invisio at SEK 351, citing minimal changes in core financial assumptions. These include the discount rate and future growth expectations.
SAAB B
SEK 481.95
Saab
7D
-4.2%
1Y
103.7%
W5
SEK 51.20
W5 Solutions
7D
1.2%
1Y
51.3%

W5: Major NATO Contract Will Drive Higher Earnings Momentum Next Year

Analysts have raised their price target for W5 Solutions from SEK 64.67 to SEK 66.00. This change is based on expectations for higher revenue growth, despite some pressure on profit margins and updated valuation metrics.
AAC
SEK 80.90
AAC Clyde Space
7D
7.3%
1Y
77.0%
MILDEF
SEK 136.90
MilDef Group
7D
7.7%
1Y
19.0%

MilDef Group AB (publ) (STO:MILDEF) Stock's 27% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Nov 12
MilDef Group AB (publ) (STO:MILDEF) Stock's 27% Dive Might Signal An Opportunity But It Requires Some Scrutiny
AVT B
SEK 9.74
AVTECH Sweden
7D
4.5%
1Y
153.6%
GOMX
SEK 15.76
GomSpace Group
7D
4.4%
1Y
245.2%