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Swedish (OMX) Aerospace & Defense Industry Analysis

UpdatedOct 22, 2025
DataAggregated Company Financials
Companies8
  • 7D-4.9%
  • 3M-10.3%
  • 1Y91.1%
  • YTD92.6%

Over the last 7 days, the Aerospace & Defense industry has dropped 5.1%, driven by Saab declining 5.5%. On the other hand GomSpace Group is actually up 41%. In the past year, the industry has gained 91%. 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
Wed, 22 Oct 2025SEK 285.3bSEK 74.2bSEK 5.3b47.5x54.3x3.8x
Fri, 19 Sep 2025SEK 302.6bSEK 74.2bSEK 5.3b53.1x57.6x4.1x
Sun, 17 Aug 2025SEK 301.7bSEK 74.5bSEK 5.2b51.6x58.4x4.1x
Tue, 15 Jul 2025SEK 297.2bSEK 69.9bSEK 4.7b52.9x63.3x4.3x
Thu, 12 Jun 2025SEK 275.6bSEK 69.9bSEK 4.7b46.7x58.7x3.9x
Sat, 10 May 2025SEK 274.0bSEK 69.8bSEK 4.7b45.2x58x3.9x
Mon, 07 Apr 2025SEK 233.0bSEK 68.2bSEK 4.2b42.2x55.1x3.4x
Wed, 05 Mar 2025SEK 219.2bSEK 68.2bSEK 4.2b39.1x51.8x3.2x
Fri, 31 Jan 2025SEK 150.6bSEK 63.0bSEK 4.1b40.1x36.5x2.4x
Sun, 29 Dec 2024SEK 148.2bSEK 63.0bSEK 4.1b39.4x35.9x2.4x
Tue, 26 Nov 2024SEK 148.2bSEK 63.0bSEK 4.1b36x35.9x2.4x
Thu, 24 Oct 2024SEK 147.1bSEK 63.0bSEK 4.1b32x35.6x2.3x
Sat, 21 Sep 2024SEK 142.6bSEK 60.9bSEK 3.8b34.2x37.4x2.3x
Mon, 19 Aug 2024SEK 156.8bSEK 61.0bSEK 3.8b37.6x41x2.6x
Wed, 17 Jul 2024SEK 162.9bSEK 58.0bSEK 3.6b41.6x45.6x2.8x
Fri, 14 Jun 2024SEK 156.2bSEK 58.0bSEK 3.6b44.2x43.7x2.7x
Sun, 12 May 2024SEK 139.8bSEK 58.0bSEK 3.5b40.7x39.4x2.4x
Tue, 09 Apr 2024SEK 151.8bSEK 55.3bSEK 3.6b43x42.5x2.7x
Thu, 07 Mar 2024SEK 127.6bSEK 55.3bSEK 3.6b35.8x35.7x2.3x
Sat, 03 Feb 2024SEK 108.6bSEK 52.9bSEK 3.4b40.5x31.8x2.1x
Mon, 01 Jan 2024SEK 97.6bSEK 52.9bSEK 3.4b37.2x28.6x1.8x
Wed, 29 Nov 2023SEK 87.7bSEK 52.9bSEK 3.4b38x25.7x1.7x
Fri, 27 Oct 2023SEK 91.7bSEK 49.8bSEK 2.9b32.4x31.2x1.8x
Sun, 24 Sep 2023SEK 92.2bSEK 49.8bSEK 2.9b39.1x31.3x1.9x
Tue, 22 Aug 2023SEK 89.3bSEK 49.8bSEK 2.9b40.1x30.3x1.8x
Thu, 20 Jul 2023SEK 94.5bSEK 47.1bSEK 2.5b51.8x37.5x2x
Sat, 17 Jun 2023SEK 97.0bSEK 47.1bSEK 2.5b51x38.6x2.1x
Mon, 15 May 2023SEK 97.0bSEK 47.1bSEK 2.5b55.3x38.3x2.1x
Wed, 12 Apr 2023SEK 101.7bSEK 44.4bSEK 2.1b55.5x49.5x2.3x
Fri, 10 Mar 2023SEK 100.0bSEK 44.4bSEK 2.1b53.4x48.6x2.3x
Sun, 05 Feb 2023SEK 73.5bSEK 42.2bSEK 1.7b60.1x43x1.7x
Tue, 03 Jan 2023SEK 69.7bSEK 42.2bSEK 1.7b57.9x40.8x1.7x
Thu, 01 Dec 2022SEK 66.1bSEK 42.2bSEK 1.7b55.6x38.7x1.6x
Sat, 29 Oct 2022SEK 68.0bSEK 42.2bSEK 1.8b70.6x37.9x1.6x
Price to Earnings Ratio

37.9x


Total Market Cap: SEK 68.0bTotal Earnings: SEK 1.8bTotal Revenue: SEK 42.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Aerospace & Defense Industry Price to Earnings3Y Average 42.1x202320242025
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 54.3x which is higher than its 3-year average PE of 42.0x.
  • The 3-year average PS ratio of 2.5x is lower than the industry's current PS ratio of 3.8x.
Past Earnings Growth
  • The earnings for companies in the Aerospace & Defense industry have grown 44% 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 Market1.67%
Industrials2.08%
Aerospace & Defense-4.92%
Aerospace and Defense-4.92%
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 17.0035.1%
+SEK 745.5m		301.9%PS8.8x
MILDEF MilDef GroupSEK 201.201.0%
+SEK 94.2m		118.0%PS6.8x
IVSO InvisioSEK 299.000.3%
+SEK 46.2m		12.4%PE54.7x
AAC AAC Clyde SpaceSEK 103.600.6%
+SEK 3.9m		202.5%PS1.7x
SARS SarsysSEK 0.626.0%
+SEK 1.2m		-77.5%PS0.5x

Latest News

SAAB B
SEK 480.40
Saab
7D
-5.4%
1Y
100.5%

Global Defense Spending And AI Will Open Future Markets

The analyst price target for Saab remains steady at SEK 473, with analysts citing concerns over the company's valuation premium and perceived risks because of its small scale and already high expectations in the current defense market. Analyst Commentary Recent coverage from major financial institutions reflects a cautious stance on Saab, with concerns primarily centered on the company's valuation and its capacity to deliver against heightened expectations in the defense sector.
CTT
SEK 199.00
CTT Systems
7D
-4.8%
1Y
-16.0%
GOMX
SEK 17.00
GomSpace Group
7D
35.1%
1Y
301.9%
W5
SEK 53.30
W5 Solutions
7D
-0.2%
1Y
20.3%
IVSO
SEK 299.00
Invisio
7D
0.3%
1Y
12.4%

Europe And North American Defense Spending Will Open New Markets

Analysts have lowered their fair value estimate for Invisio from $370 to $357. They cite modestly higher discount rates and a slightly slower projected revenue growth rate as key factors behind the adjustment.
AVT B
SEK 9.62
AVTECH Sweden
7D
-6.6%
1Y
115.7%

Is It Time To Consider Buying AVTECH Sweden AB (publ) (STO:AVT B)?

Oct 11
Is It Time To Consider Buying AVTECH Sweden AB (publ) (STO:AVT B)?
MILDEF
SEK 201.20
MilDef Group
7D
1.0%
1Y
118.0%
AAC
SEK 103.60
AAC Clyde Space
7D
0.6%
1Y
202.5%
SARS
SEK 0.62
Sarsys
7D
6.0%
1Y
-77.5%