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Swedish (OMX) Aerospace & Defense Industry Analysis

UpdatedJun 09, 2026
DataAggregated Company Financials
Companies10
  • 7D-0.7%
  • 3M-20.2%
  • 1Y8.8%
  • YTD-3.7%

Over the last 7 days, the Aerospace & Defense industry has dropped 6.5%, driven by Saab declining 1.5%. On the other hand MilDef Group is actually up 7.9%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 20% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Jun 2026SEK 315.1bSEK 88.5bSEK 6.9b42.8x45.6x3.6x
Thu, 07 May 2026SEK 344.4bSEK 88.3bSEK 6.9b43.7x49.8x3.9x
Sat, 04 Apr 2026SEK 370.6bSEK 84.6bSEK 6.7b49.2x55.7x4.4x
Mon, 02 Mar 2026SEK 379.3bSEK 84.5bSEK 6.7b50.3x56.9x4.5x
Wed, 28 Jan 2026SEK 407.9bSEK 76.8bSEK 5.2b49.4x78.1x5.3x
Fri, 26 Dec 2025SEK 307.0bSEK 76.8bSEK 5.2b48.7x58.8x4x
Sun, 23 Nov 2025SEK 279.0bSEK 76.8bSEK 5.2b44.5x53.4x3.6x
Tue, 21 Oct 2025SEK 285.3bSEK 74.2bSEK 5.3b48.2x54.3x3.8x
Thu, 18 Sep 2025SEK 305.8bSEK 74.2bSEK 5.3b53x58.2x4.1x
Sat, 16 Aug 2025SEK 301.7bSEK 74.5bSEK 5.2b51.6x58.4x4.1x
Mon, 14 Jul 2025SEK 296.5bSEK 69.9bSEK 4.7b52.3x63.1x4.2x
Wed, 11 Jun 2025SEK 261.9bSEK 69.9bSEK 4.7b46.9x55.8x3.7x
Fri, 09 May 2025SEK 282.7bSEK 69.8bSEK 4.7b46.5x59.9x4x
Sun, 06 Apr 2025SEK 233.0bSEK 68.2bSEK 4.2b42.2x55.1x3.4x
Tue, 04 Mar 2025SEK 224.0bSEK 68.2bSEK 4.2b40.3x53x3.3x
Thu, 30 Jan 2025SEK 150.6bSEK 63.0bSEK 4.1b39.6x36.5x2.4x
Sat, 28 Dec 2024SEK 148.2bSEK 63.0bSEK 4.1b39.4x35.9x2.4x
Mon, 25 Nov 2024SEK 152.5bSEK 63.0bSEK 4.1b35.6x36.9x2.4x
Wed, 23 Oct 2024SEK 148.4bSEK 63.0bSEK 4.1b32.3x35.9x2.4x
Fri, 20 Sep 2024SEK 142.7bSEK 60.9bSEK 3.8b33.9x37.4x2.3x
Sun, 18 Aug 2024SEK 156.8bSEK 61.0bSEK 3.8b37.6x41x2.6x
Tue, 16 Jul 2024SEK 160.6bSEK 58.0bSEK 3.6b41x45x2.8x
Thu, 13 Jun 2024SEK 159.3bSEK 58.0bSEK 3.6b45.4x44.6x2.7x
Sat, 11 May 2024SEK 139.8bSEK 58.0bSEK 3.5b40.7x39.4x2.4x
Mon, 08 Apr 2024SEK 148.5bSEK 55.3bSEK 3.6b43.7x41.6x2.7x
Wed, 06 Mar 2024SEK 128.8bSEK 55.3bSEK 3.6b39.5x36.1x2.3x
Fri, 02 Feb 2024SEK 108.2bSEK 52.9bSEK 3.4b41.2x31.7x2x
Sun, 31 Dec 2023SEK 97.6bSEK 52.9bSEK 3.4b37.2x28.6x1.8x
Tue, 28 Nov 2023SEK 87.3bSEK 52.9bSEK 3.4b38.1x25.6x1.7x
Thu, 26 Oct 2023SEK 90.8bSEK 49.8bSEK 2.9b37.9x30.9x1.8x
Sat, 23 Sep 2023SEK 92.2bSEK 49.8bSEK 2.9b39.1x31.3x1.9x
Mon, 21 Aug 2023SEK 89.3bSEK 49.8bSEK 2.9b39.6x30.3x1.8x
Wed, 19 Jul 2023SEK 94.3bSEK 47.1bSEK 2.5b50.4x37.5x2x
Fri, 16 Jun 2023SEK 94.9bSEK 47.1bSEK 2.5b51.4x37.8x2x
Price to Earnings Ratio

37.8x


Total Market Cap: SEK 94.9bTotal Earnings: SEK 2.5bTotal Revenue: SEK 47.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Aerospace & Defense Industry Price to Earnings3Y Average 45.3x202420252026
Current Industry PE
  • Investors are relatively neutral on the Swedish Aerospace & Defense industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 45.3x.
  • The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 3.5x.
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 23% 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 Market0.40%
Industrials2.02%
Aerospace & Defense-0.72%
Aerospace and Defense-0.72%
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 192.556.3%
+SEK 536.9m		-8.6%PE41.4x
IVSO InvisioSEK 271.400.3%
+SEK 36.9m		-22.5%PE56.3x
AVT B AVTECH SwedenSEK 5.923.7%
+SEK 11.9m		-40.7%PE19.6x
ARGO Argo Defence GroupSEK 17.921.5%
+SEK 5.2m		n/aPS3.8x
SARS SarsysSEK 0.623.3%
+SEK 1.0m		-10.8%PS0.7x

Latest News

MILDEF
SEK 192.55
MilDef Group
7D
6.3%
1Y
-8.6%
Narrative Update • Jun 06

MILDEF: Helsingborg Expansion Will Support Future Capacity And Earnings Upside

MilDef Group's analyst price target has been adjusted from SEK208.40 to SEK220.40 as analysts factor in updated assumptions on the discount rate, revenue growth, profit margin and future P/E levels. What's in the News MilDef issued earnings guidance for the first quarter of 2026, indicating revenue of approximately SEK 700 million compared with SEK 340 million in the prior period, according to company guidance.
SAAB B
SEK 531.80
Saab
7D
-0.8%
1Y
12.0%
IVSO
SEK 271.40
Invisio
7D
0.3%
1Y
-22.5%
Narrative Update • Jun 02

IVSO: Refined Discount And P/E Assumptions Will Support Future Upside Potential

Analysts have slightly reduced their price target on Invisio, adjusting their estimate of fair value from SEK 350 to SEK 346 as they refine assumptions regarding discount rate, revenue growth, profit margins and future P/E levels. What's in the News No recent company specific news items were identified in the provided sources for Invisio.
CTT
SEK 133.40
CTT Systems
7D
-3.9%
1Y
-40.6%
W5
SEK 49.20
W5 Solutions
7D
-1.2%
1Y
-26.6%
Narrative Update • May 26

W5: Growing Defence Contract Backlog Will Support Future Revaluation Potential

Analysts have trimmed their 12 month price target for W5 Solutions slightly to SEK 87.17 from SEK 87.50, citing refreshed assumptions around discount rates, expected revenue growth, profit margins and future P/E levels. What's in the News Power business area awarded a contract from the Swedish Defence Materiel Administration (FMV) for project management, system safety and delivery of a complete 400 Hz power supply system at a new Swedish Armed Forces training centre, valued at about SEK 46 million with options of an additional SEK 4.5 million.
AAC
SEK 147.20
AAC Clyde Space
7D
-8.0%
1Y
41.0%
XER
SEK 2.58
Xer Tech Holding
7D
-26.7%
1Y
-31.7%
ARGO
SEK 17.92
Argo Defence Group
7D
1.5%
1Y
n/a
SARS
SEK 0.62
Sarsys
7D
3.3%
1Y
-10.8%
AVT B
SEK 5.92
AVTECH Sweden
7D
3.7%
1Y
-40.7%
GOMX
SEK 18.30
GomSpace Group
7D
-8.1%
1Y
29.1%