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Swedish (OMX) Aerospace & Defense Industry Analysis

UpdatedJul 24, 2026
DataAggregated Company Financials
Companies10
  • 7D15.0%
  • 3M4.3%
  • 1Y9.1%
  • YTD6.2%

Over the last 7 days, the Aerospace & Defense industry has risen 15%, driven by gains from Saab of 16%. Meanwhile, GomSpace Group actually underperformed within the industry, shrinking 6.0% in the last week. This takes the industry's 12 month performance to a gain of 9.1%. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 24 Jul 2026SEK 347.8bSEK 94.5bSEK 7.6b40.9x45.8x3.7x
Sun, 21 Jun 2026SEK 295.9bSEK 88.5bSEK 6.9b40.9x42.8x3.3x
Tue, 19 May 2026SEK 291.6bSEK 88.5bSEK 6.9b38.3x42.2x3.3x
Thu, 16 Apr 2026SEK 362.2bSEK 84.6bSEK 6.7b54.3x54.4x4.3x
Sat, 14 Mar 2026SEK 395.8bSEK 84.5bSEK 6.7b51.8x59.4x4.7x
Mon, 09 Feb 2026SEK 376.0bSEK 84.0bSEK 6.7b45.2x56.4x4.5x
Wed, 07 Jan 2026SEK 344.2bSEK 76.8bSEK 5.2b51.2x65.9x4.5x
Fri, 05 Dec 2025SEK 279.5bSEK 76.8bSEK 5.2b45.2x53.5x3.6x
Sun, 02 Nov 2025SEK 307.4bSEK 76.8bSEK 5.2b47.9x58.7x4x
Tue, 30 Sep 2025SEK 341.4bSEK 74.2bSEK 5.3b53.1x65x4.6x
Thu, 28 Aug 2025SEK 314.5bSEK 74.2bSEK 5.3b53.5x59.9x4.2x
Sat, 26 Jul 2025SEK 315.6bSEK 74.4bSEK 5.2b52.6x61.2x4.2x
Mon, 23 Jun 2025SEK 294.6bSEK 69.9bSEK 4.7b45.7x62.7x4.2x
Wed, 21 May 2025SEK 276.2bSEK 69.8bSEK 4.7b46.7x58.6x4x
Fri, 18 Apr 2025SEK 268.1bSEK 68.2bSEK 4.2b44x63.4x3.9x
Sun, 16 Mar 2025SEK 250.1bSEK 68.2bSEK 4.2b42.4x59.1x3.7x
Tue, 11 Feb 2025SEK 144.0bSEK 67.8bSEK 4.1b33.4x35.5x2.1x
Thu, 09 Jan 2025SEK 148.8bSEK 63.0bSEK 4.1b38.9x36.1x2.4x
Sat, 07 Dec 2024SEK 155.1bSEK 63.0bSEK 4.1b40.1x37.6x2.5x
Mon, 04 Nov 2024SEK 139.4bSEK 63.0bSEK 4.1b34.3x33.8x2.2x
Wed, 02 Oct 2024SEK 138.4bSEK 60.9bSEK 3.8b33.2x36.3x2.3x
Fri, 30 Aug 2024SEK 149.0bSEK 61.0bSEK 3.8b35.5x38.8x2.4x
Sun, 28 Jul 2024SEK 148.4bSEK 61.0bSEK 3.8b35.4x38.8x2.4x
Tue, 25 Jun 2024SEK 150.8bSEK 58.0bSEK 3.6b43.2x42.2x2.6x
Thu, 23 May 2024SEK 151.9bSEK 58.0bSEK 3.6b41x42.5x2.6x
Sat, 20 Apr 2024SEK 140.6bSEK 55.3bSEK 3.6b37.8x39.4x2.5x
Mon, 18 Mar 2024SEK 135.1bSEK 55.3bSEK 3.6b38.6x37.9x2.4x
Wed, 14 Feb 2024SEK 119.0bSEK 55.2bSEK 3.5b38.1x33.6x2.2x
Fri, 12 Jan 2024SEK 104.7bSEK 52.9bSEK 3.4b38.7x30.7x2x
Sun, 10 Dec 2023SEK 87.9bSEK 52.9bSEK 3.4b37.6x25.8x1.7x
Tue, 07 Nov 2023SEK 90.6bSEK 52.8bSEK 3.3b37.2x27.4x1.7x
Thu, 05 Oct 2023SEK 90.6bSEK 49.8bSEK 2.9b38.3x30.8x1.8x
Sat, 02 Sep 2023SEK 94.6bSEK 49.8bSEK 2.9b41.5x32.1x1.9x
Mon, 31 Jul 2023SEK 90.5bSEK 49.7bSEK 2.9b42.1x30.7x1.8x
Price to Earnings Ratio

30.7x


Total Market Cap: SEK 90.5bTotal Earnings: SEK 2.9bTotal Revenue: SEK 49.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Aerospace & Defense Industry Price to Earnings3Y Average 45.6x202420252026
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 45.6x.
  • The 3-year average PS ratio of 3.1x is lower than the industry's current PS ratio of 3.7x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & Defense industry have grown 37% per year over the last three years.
  • Revenues for these companies have grown 24% 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-0.31%
Industrials0.81%
Aerospace & Defense15.03%
Aerospace and Defense15.03%
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
SAAB B SaabSEK 597.0015.5%
+SEK 43.7b		12.2%PE45.3x
MILDEF MilDef GroupSEK 228.6029.6%
+SEK 2.5b		32.4%PE40.4x
AVT B AVTECH SwedenSEK 4.7410.4%
+SEK 25.1m		-54.9%PE15.7x
W5 W5 SolutionsSEK 46.152.9%
+SEK 22.8m		-25.1%PE48x
XER Xer Tech HoldingSEK 3.341.8%
+SEK 3.5m		5.7%n/a

Latest News

SAAB B
SEK 597.00
Saab
7D
15.5%
1Y
12.2%
MILDEF
SEK 228.60
MilDef Group
7D
29.6%
1Y
32.4%
IVSO
SEK 204.60
Invisio
7D
-1.2%
1Y
-37.8%
CTT
SEK 120.60
CTT Systems
7D
-3.1%
1Y
-45.3%
AAC
SEK 114.00
AAC Clyde Space
7D
-0.5%
1Y
-3.1%
GOMX
SEK 12.51
GomSpace Group
7D
-6.0%
1Y
-28.1%
AVT B
SEK 4.74
AVTECH Sweden
7D
10.4%
1Y
-54.9%
XER
SEK 3.34
Xer Tech Holding
7D
1.8%
1Y
5.7%
W5
SEK 46.15
W5 Solutions
7D
2.9%
1Y
-25.1%
Narrative Update • Jun 10

W5: Expanding Defence Contract Backlog Will Support Future Revaluation Potential

Analysts have kept their SEK price target for W5 Solutions broadly unchanged at SEK 87.17, with only marginal adjustments to inputs such as the discount rate, revenue growth assumptions, profit margin and future P/E underpinning the updated valuation view. What's in the News The company issued earnings guidance for 2027, with expected net sales of SEK 1,000 million and an EBIT margin of 10% (source: company guidance).
ARGO
SEK 15.98
Argo Defence Group
7D
-1.8%
1Y
n/a
SARS
SEK 0.50
Sarsys
7D
-3.8%
1Y
-26.5%