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Swedish (OMX) Aerospace and Defense Industry Analysis

UpdatedFeb 11, 2026
DataAggregated Company Financials
Companies9
  • 7D-4.5%
  • 3M21.3%
  • 1Y156.6%
  • YTDn/a

The Aerospace and Defense is pretty flat in the last 7 days, but MilDef Group has stood out, gaining 19%. As for the the longer term, the industry is up 165% over the past 12 months. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Feb 2026SEK 371.3bSEK 84.0bSEK 6.7b45.6x55.7x4.4x
Fri, 09 Jan 2026SEK 368.9bSEK 76.8bSEK 5.2b53.1x70.7x4.8x
Sun, 07 Dec 2025SEK 285.5bSEK 76.8bSEK 5.2b45.7x54.7x3.7x
Tue, 04 Nov 2025SEK 306.1bSEK 76.8bSEK 5.2b47.6x58.5x4x
Thu, 02 Oct 2025SEK 331.8bSEK 74.2bSEK 5.3b53.7x63.1x4.5x
Sat, 30 Aug 2025SEK 314.0bSEK 74.2bSEK 5.3b53.7x59.8x4.2x
Mon, 28 Jul 2025SEK 315.6bSEK 74.4bSEK 5.2b52.6x61.2x4.2x
Wed, 25 Jun 2025SEK 284.4bSEK 69.9bSEK 4.7b46.8x60.5x4.1x
Fri, 23 May 2025SEK 282.4bSEK 69.8bSEK 4.7b48.1x59.9x4x
Sun, 20 Apr 2025SEK 268.1bSEK 68.2bSEK 4.2b44x63.4x3.9x
Tue, 18 Mar 2025SEK 252.5bSEK 68.2bSEK 4.2b43x59.7x3.7x
Thu, 13 Feb 2025SEK 143.2bSEK 67.8bSEK 4.1b34.1x35.3x2.1x
Sat, 11 Jan 2025SEK 146.6bSEK 63.0bSEK 4.1b37.5x35.5x2.3x
Mon, 09 Dec 2024SEK 155.1bSEK 63.0bSEK 4.1b40.1x37.6x2.5x
Wed, 06 Nov 2024SEK 142.7bSEK 63.0bSEK 4.1b35.1x34.6x2.3x
Fri, 04 Oct 2024SEK 140.5bSEK 60.9bSEK 3.8b33.4x36.8x2.3x
Sun, 01 Sep 2024SEK 149.1bSEK 61.0bSEK 3.8b35.5x38.8x2.4x
Tue, 30 Jul 2024SEK 149.2bSEK 61.0bSEK 3.8b35.6x39x2.4x
Thu, 27 Jun 2024SEK 151.0bSEK 58.0bSEK 3.6b40.4x42.3x2.6x
Sat, 25 May 2024SEK 154.3bSEK 58.0bSEK 3.6b43.5x43.2x2.7x
Mon, 22 Apr 2024SEK 139.5bSEK 55.3bSEK 3.6b38.2x39.1x2.5x
Wed, 20 Mar 2024SEK 139.6bSEK 55.3bSEK 3.6b39.1x39.1x2.5x
Fri, 16 Feb 2024SEK 121.6bSEK 55.3bSEK 3.5b37.5x34.3x2.2x
Sun, 14 Jan 2024SEK 107.3bSEK 52.9bSEK 3.4b40.1x31.4x2x
Tue, 12 Dec 2023SEK 87.5bSEK 52.9bSEK 3.4b37.3x25.6x1.7x
Thu, 09 Nov 2023SEK 89.8bSEK 52.8bSEK 3.3b35.7x27.1x1.7x
Sat, 07 Oct 2023SEK 85.9bSEK 49.8bSEK 2.9b38.4x29.2x1.7x
Mon, 04 Sep 2023SEK 94.6bSEK 49.8bSEK 2.9b41.5x32.1x1.9x
Wed, 02 Aug 2023SEK 91.7bSEK 49.7bSEK 2.9b42.1x31.1x1.8x
Fri, 30 Jun 2023SEK 93.8bSEK 47.1bSEK 2.5b47.8x37.3x2x
Sun, 28 May 2023SEK 95.2bSEK 47.1bSEK 2.5b50.6x37.9x2x
Tue, 25 Apr 2023SEK 97.3bSEK 44.4bSEK 2.1b60.8x47.3x2.2x
Thu, 23 Mar 2023SEK 96.2bSEK 44.4bSEK 2.1b51.9x46.8x2.2x
Sat, 18 Feb 2023SEK 86.8bSEK 44.4bSEK 2.1b65.7x42.1x2x
Price to Earnings Ratio

42.1x


Total Market Cap: SEK 86.8bTotal Earnings: SEK 2.1bTotal Revenue: SEK 44.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Aerospace and Defense Industry Price to Earnings3Y Average 44.4x202420252026
Current Industry PE
  • Investors are optimistic on the Swedish Aerospace and Defense industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 57.6x which is higher than its 3-year average PE of 44.4x.
  • The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 4.6x.
Past Earnings Growth
  • The earnings for companies in the Aerospace and Defense industry have grown 48% 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 Comparison

How does Swedish Aerospace and Defense compare with similar industries?

SE Market1.59%
Industrials1.77%
Aerospace & Defense-4.46%
Aerospace and Defense-4.46%
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 143.3013.6%
+SEK 810.0m		-5.1%PE45.6x
GOMX GomSpace GroupSEK 22.304.2%
+SEK 151.8m		415.0%PS11.6x
W5 W5 SolutionsSEK 59.606.4%
+SEK 63.2m		22.3%PS2.6x
AVT B AVTECH SwedenSEK 7.484.2%
+SEK 16.9m		0.5%PE24.9x

Latest News

IVSO
SEK 259.00
Invisio
7D
-0.8%
1Y
-22.7%

IVSO: Higher Future P/E Assumptions Will Support Upside Potential

Analysts have maintained their fair value estimate for Invisio at SEK 350.00, making only modest adjustments to the discount rate, revenue growth, profit margin outlook and future P/E assumptions that support this unchanged price target. Valuation Changes Fair Value Estimate: Held steady at SEK 350.00, with no change to the overall target level.
SAAB B
SEK 647.70
Saab
7D
-4.8%
1Y
196.7%
CTT
SEK 121.40
CTT Systems
7D
-22.2%
1Y
-48.1%
AVT B
SEK 7.48
AVTECH Sweden
7D
4.2%
1Y
0.5%
MILDEF
SEK 143.30
MilDef Group
7D
13.6%
1Y
-5.1%

MILDEF: Future Dividend And Defense Facilities Will Support Long Term Upside

Analysts have trimmed their price target on MilDef Group from SEK210 to SEK208. This reflects updated assumptions for revenue growth, profit margins and a higher future P/E multiple in their models.
AAC
SEK 126.80
AAC Clyde Space
7D
-8.4%
1Y
185.6%
GOMX
SEK 22.30
GomSpace Group
7D
4.2%
1Y
415.0%
W5
SEK 59.60
W5 Solutions
7D
6.4%
1Y
22.3%

Is W5 Solutions (STO:W5) A Risky Investment?

Jan 06
Is W5 Solutions (STO:W5) A Risky Investment?
ARGO
SEK 18.55
Argo Defence Group
7D
-8.2%
1Y
n/a
SARS
SEK 0.54
Sarsys
7D
-10.1%
1Y
-72.6%