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Swedish (OMX) Aerospace & Defense Industry Analysis

UpdatedApr 25, 2026
DataAggregated Company Financials
Companies10
  • 7D-5.0%
  • 3M-19.8%
  • 1Y25.6%
  • YTD1.8%

Over the last 7 days, the Aerospace & Defense industry has dropped 2.6%, driven by a pullback from Saab of 5.1%. In the past year, the industry has gained 31%. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 25 Apr 2026SEK 333.1bSEK 88.3bSEK 6.9b45.1x48.2x3.8x
Mon, 23 Mar 2026SEK 370.0bSEK 84.7bSEK 6.7b48.9x55.5x4.4x
Wed, 18 Feb 2026SEK 363.2bSEK 84.2bSEK 6.7b50.1x54.1x4.3x
Fri, 16 Jan 2026SEK 399.7bSEK 76.8bSEK 5.2b53.7x76.6x5.2x
Sun, 14 Dec 2025SEK 296.1bSEK 76.8bSEK 5.2b48.3x56.7x3.9x
Tue, 11 Nov 2025SEK 306.6bSEK 76.8bSEK 5.2b47.7x58.4x4x
Thu, 09 Oct 2025SEK 323.2bSEK 74.2bSEK 5.3b52.6x61.5x4.4x
Sat, 06 Sep 2025SEK 303.4bSEK 74.2bSEK 5.3b52.2x57.7x4.1x
Mon, 04 Aug 2025SEK 311.9bSEK 74.4bSEK 5.2b52.9x60.4x4.2x
Wed, 02 Jul 2025SEK 315.9bSEK 69.9bSEK 4.7b48.3x67.2x4.5x
Fri, 30 May 2025SEK 298.3bSEK 69.8bSEK 4.7b49.6x63.3x4.3x
Sun, 27 Apr 2025SEK 263.1bSEK 69.7bSEK 4.7b44.3x55.7x3.8x
Tue, 25 Mar 2025SEK 246.4bSEK 68.2bSEK 4.2b42.9x58.3x3.6x
Thu, 20 Feb 2025SEK 182.7bSEK 68.1bSEK 4.2b36.2x43.9x2.7x
Sat, 18 Jan 2025SEK 143.4bSEK 63.0bSEK 4.1b37.8x34.8x2.3x
Mon, 16 Dec 2024SEK 146.3bSEK 63.0bSEK 4.1b39.1x35.5x2.3x
Wed, 13 Nov 2024SEK 152.3bSEK 63.0bSEK 4.1b37.1x36.9x2.4x
Fri, 11 Oct 2024SEK 132.2bSEK 60.9bSEK 3.8b32.1x34.6x2.2x
Sun, 08 Sep 2024SEK 137.2bSEK 61.0bSEK 3.8b33.3x35.7x2.3x
Tue, 06 Aug 2024SEK 141.5bSEK 61.0bSEK 3.8b33.8x37x2.3x
Thu, 04 Jul 2024SEK 154.0bSEK 58.0bSEK 3.6b39.8x43.1x2.7x
Sat, 01 Jun 2024SEK 155.9bSEK 58.0bSEK 3.6b44.7x43.6x2.7x
Mon, 29 Apr 2024SEK 141.3bSEK 58.0bSEK 3.6b39.6x39.4x2.4x
Wed, 27 Mar 2024SEK 148.9bSEK 55.3bSEK 3.6b42.2x41.7x2.7x
Fri, 23 Feb 2024SEK 121.6bSEK 55.3bSEK 3.5b38.1x34.4x2.2x
Sun, 21 Jan 2024SEK 106.1bSEK 52.9bSEK 3.4b41.2x31.1x2x
Tue, 19 Dec 2023SEK 91.9bSEK 52.9bSEK 3.4b35.7x26.9x1.7x
Thu, 16 Nov 2023SEK 89.5bSEK 52.8bSEK 3.3b36.4x27x1.7x
Sat, 14 Oct 2023SEK 92.9bSEK 49.8bSEK 2.9b38.7x31.5x1.9x
Mon, 11 Sep 2023SEK 95.9bSEK 49.8bSEK 2.9b41.6x32.6x1.9x
Wed, 09 Aug 2023SEK 92.3bSEK 49.8bSEK 2.9b41.7x31.3x1.9x
Fri, 07 Jul 2023SEK 93.1bSEK 47.1bSEK 2.5b49.6x37x2x
Sun, 04 Jun 2023SEK 96.8bSEK 47.1bSEK 2.5b49.4x38.5x2.1x
Tue, 02 May 2023SEK 93.1bSEK 46.7bSEK 2.4b59.3x38x2x
Price to Earnings Ratio

38x


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 45x202420252026
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-3.19%
Industrials-3.13%
Aerospace & Defense-5.01%
Aerospace and Defense-5.01%
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 188.403.7%
+SEK 313.2m		-26.8%PE40.5x
W5 W5 SolutionsSEK 57.6012.1%
+SEK 108.9m		-19.6%PE68.9x

Latest News

MILDEF
SEK 188.40
MilDef Group
7D
3.7%
1Y
-26.8%
AVT B
SEK 6.80
AVTECH Sweden
7D
-17.2%
1Y
-17.3%
SAAB B
SEK 565.00
Saab
7D
-5.1%
1Y
32.6%

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 18.61
GomSpace Group
7D
-7.5%
1Y
153.5%
AAC
SEK 120.40
AAC Clyde Space
7D
-8.8%
1Y
58.4%
W5
SEK 57.60
W5 Solutions
7D
12.1%
1Y
-19.6%

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 278.60
Invisio
7D
-7.1%
1Y
-26.1%
CTT
SEK 133.20
CTT Systems
7D
-6.5%
1Y
-34.8%
ARGO
SEK 15.46
Argo Defence Group
7D
-3.7%
1Y
n/a
SARS
SEK 0.90
Sarsys
7D
-25.6%
1Y
44.6%