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Swedish (OMX) Aerospace and Defense Industry Analysis

UpdatedFeb 12, 2026
DataAggregated Company Financials
Companies9
  • 7D-1.2%
  • 3M18.4%
  • 1Y155.5%
  • YTDn/a

Over the last 7 days, the Aerospace and Defense industry has dropped 4.5%, driven by a pullback from Saab of 4.8%. Meanwhile, MilDef Group actually outperformed within the industry, gaining 14% in the last week. This takes the industry's 12 month performance to a gain of 157%. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 12 Feb 2026SEK 368.2bSEK 84.0bSEK 6.7b42.3x55.2x4.4x
Sat, 10 Jan 2026SEK 390.6bSEK 76.8bSEK 5.2b52.7x74.8x5.1x
Mon, 08 Dec 2025SEK 285.5bSEK 76.8bSEK 5.2b45.7x54.7x3.7x
Wed, 05 Nov 2025SEK 307.7bSEK 76.8bSEK 5.2b47.8x58.8x4x
Fri, 03 Oct 2025SEK 332.9bSEK 74.2bSEK 5.3b53.7x63.3x4.5x
Sun, 31 Aug 2025SEK 314.1bSEK 74.2bSEK 5.3b53.7x59.8x4.2x
Tue, 29 Jul 2025SEK 304.4bSEK 74.4bSEK 5.2b51.6x59x4.1x
Thu, 26 Jun 2025SEK 294.3bSEK 69.9bSEK 4.7b47.3x62.7x4.2x
Sat, 24 May 2025SEK 284.1bSEK 69.8bSEK 4.7b48.8x60.2x4.1x
Mon, 21 Apr 2025SEK 268.0bSEK 68.1bSEK 4.2b44x63.2x3.9x
Wed, 19 Mar 2025SEK 254.9bSEK 68.2bSEK 4.2b43.7x60.3x3.7x
Fri, 14 Feb 2025SEK 148.6bSEK 67.8bSEK 4.1b34.6x36.6x2.2x
Sun, 12 Jan 2025SEK 146.6bSEK 63.0bSEK 4.1b37.5x35.5x2.3x
Tue, 10 Dec 2024SEK 146.2bSEK 63.0bSEK 4.1b39.8x35.4x2.3x
Thu, 07 Nov 2024SEK 140.8bSEK 63.0bSEK 4.1b36.4x34.2x2.2x
Sat, 05 Oct 2024SEK 140.3bSEK 60.9bSEK 3.8b33.3x36.8x2.3x
Mon, 02 Sep 2024SEK 149.1bSEK 61.0bSEK 3.8b35.5x38.8x2.4x
Wed, 31 Jul 2024SEK 148.6bSEK 61.0bSEK 3.8b35.4x38.8x2.4x
Fri, 28 Jun 2024SEK 153.6bSEK 58.0bSEK 3.6b40.3x43x2.6x
Sun, 26 May 2024SEK 154.3bSEK 58.0bSEK 3.6b43.5x43.2x2.7x
Tue, 23 Apr 2024SEK 139.5bSEK 55.3bSEK 3.6b38.2x39.1x2.5x
Thu, 21 Mar 2024SEK 141.1bSEK 55.3bSEK 3.6b39.6x39.5x2.6x
Sat, 17 Feb 2024SEK 123.9bSEK 55.3bSEK 3.5b37.9x35x2.2x
Mon, 15 Jan 2024SEK 107.3bSEK 52.9bSEK 3.4b40.1x31.4x2x
Wed, 13 Dec 2023SEK 89.5bSEK 52.9bSEK 3.4b35.7x26.2x1.7x
Fri, 10 Nov 2023SEK 89.8bSEK 52.8bSEK 3.3b35.8x27.1x1.7x
Sun, 08 Oct 2023SEK 85.9bSEK 49.8bSEK 2.9b38.4x29.2x1.7x
Tue, 05 Sep 2023SEK 95.1bSEK 49.8bSEK 2.9b41.7x32.3x1.9x
Thu, 03 Aug 2023SEK 91.7bSEK 49.7bSEK 2.9b41.6x31.1x1.8x
Sat, 01 Jul 2023SEK 94.5bSEK 47.1bSEK 2.5b47.3x37.6x2x
Mon, 29 May 2023SEK 95.2bSEK 47.1bSEK 2.5b50.6x37.9x2x
Wed, 26 Apr 2023SEK 95.9bSEK 44.4bSEK 2.1b60.7x46.7x2.2x
Fri, 24 Mar 2023SEK 97.2bSEK 44.4bSEK 2.1b52.4x47.3x2.2x
Sun, 19 Feb 2023SEK 86.8bSEK 44.4bSEK 2.1b61.4x42.1x2x
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 55.7x 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 4.4x.
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 Market0.12%
Industrials0.80%
Aerospace & Defense-1.19%
Aerospace and Defense-1.19%
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 132.908.6%
+SEK 494.5m		-10.6%PE42.3x
GOMX GomSpace GroupSEK 21.604.6%
+SEK 160.2m		402.9%PS11.2x
W5 W5 SolutionsSEK 59.505.1%
+SEK 50.9m		25.3%PS2.6x
AVT B AVTECH SwedenSEK 7.222.6%
+SEK 15.7m		-1.9%PE24.3x
SARS SarsysSEK 0.607.1%
+SEK 1.4m		-69.2%PS0.5x

Latest News

IVSO
SEK 252.50
Invisio
7D
-1.6%
1Y
-23.9%

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 643.40
Saab
7D
-1.2%
1Y
195.7%
CTT
SEK 128.00
CTT Systems
7D
-18.5%
1Y
-46.7%
AVT B
SEK 7.22
AVTECH Sweden
7D
2.6%
1Y
-1.9%
MILDEF
SEK 132.90
MilDef Group
7D
8.6%
1Y
-10.6%

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 118.40
AAC Clyde Space
7D
-8.2%
1Y
163.1%
GOMX
SEK 21.60
GomSpace Group
7D
4.6%
1Y
402.9%
W5
SEK 59.50
W5 Solutions
7D
5.1%
1Y
25.3%

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

Jan 06
Is W5 Solutions (STO:W5) A Risky Investment?
ARGO
SEK 18.80
Argo Defence Group
7D
-1.8%
1Y
n/a
SARS
SEK 0.60
Sarsys
7D
7.1%
1Y
-69.2%