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Swedish (OMX) Building Industry Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies13
  • 7D-4.5%
  • 3M-5.0%
  • 1Y-3.0%
  • YTD-3.2%

Over the last 7 days, the Building industry has dropped 4.5%, driven by pullbacks in NIBE Industrier and ASSA ABLOY of 16% and 2.7%, respectively. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

Has the Swedish Building Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Nov 2025SEK 530.5bSEK 259.0bSEK 20.7b23.7x25.6x2x
Sun, 19 Oct 2025SEK 528.0bSEK 257.8bSEK 20.2b25.8x26.2x2x
Tue, 16 Sep 2025SEK 532.3bSEK 257.8bSEK 20.2b26x26.4x2.1x
Thu, 14 Aug 2025SEK 542.2bSEK 257.3bSEK 19.9b27.3x27.2x2.1x
Sat, 12 Jul 2025SEK 516.3bSEK 257.3bSEK 20.2b23.7x25.6x2x
Mon, 09 Jun 2025SEK 512.0bSEK 257.3bSEK 20.2b23.1x25.3x2x
Wed, 07 May 2025SEK 497.7bSEK 256.9bSEK 19.0b22.5x26.2x1.9x
Fri, 04 Apr 2025SEK 464.7bSEK 253.5bSEK 20.1b20.7x23.1x1.8x
Sun, 02 Mar 2025SEK 536.3bSEK 257.4bSEK 20.1b24.3x26.7x2.1x
Tue, 28 Jan 2025SEK 564.6bSEK 254.6bSEK 19.7b22x28.7x2.2x
Thu, 26 Dec 2024SEK 547.9bSEK 254.6bSEK 19.7b23.3x27.9x2.2x
Sat, 23 Nov 2024SEK 560.6bSEK 254.6bSEK 19.7b23.5x28.5x2.2x
Mon, 21 Oct 2024SEK 586.2bSEK 255.5bSEK 20.0b25.4x29.4x2.3x
Wed, 18 Sep 2024SEK 582.7bSEK 255.5bSEK 19.9b24.9x29.2x2.3x
Fri, 16 Aug 2024SEK 545.1bSEK 257.4bSEK 21.1b23.6x25.9x2.1x
Sun, 14 Jul 2024SEK 545.4bSEK 253.5bSEK 20.7b24.1x26.4x2.2x
Tue, 11 Jun 2024SEK 552.5bSEK 253.6bSEK 20.7b23.4x26.6x2.2x
Thu, 09 May 2024SEK 554.4bSEK 255.8bSEK 23.3b20.3x23.8x2.2x
Sat, 06 Apr 2024SEK 532.7bSEK 253.1bSEK 22.7b19.5x23.4x2.1x
Mon, 04 Mar 2024SEK 542.5bSEK 251.5bSEK 24.0b19.5x22.6x2.2x
Wed, 31 Jan 2024SEK 533.9bSEK 249.0bSEK 23.3b18x22.9x2.1x
Fri, 29 Dec 2023SEK 553.0bSEK 249.0bSEK 23.3b17.8x23.8x2.2x
Sun, 26 Nov 2023SEK 509.8bSEK 248.9bSEK 23.1b17.7x22.1x2x
Tue, 24 Oct 2023SEK 452.1bSEK 241.2bSEK 23.1b14.4x19.6x1.9x
Thu, 21 Sep 2023SEK 497.3bSEK 241.2bSEK 23.1b15.5x21.5x2.1x
Sat, 19 Aug 2023SEK 499.0bSEK 240.9bSEK 23.1b14.3x21.6x2.1x
Mon, 17 Jul 2023SEK 552.8bSEK 232.5bSEK 22.6b14.4x24.5x2.4x
Wed, 14 Jun 2023SEK 594.8bSEK 232.3bSEK 22.6b15x26.3x2.6x
Fri, 12 May 2023SEK 582.6bSEK 228.8bSEK 21.5b17.5x27.1x2.5x
Sun, 09 Apr 2023SEK 552.7bSEK 221.0bSEK 21.7b15.8x25.5x2.5x
Tue, 07 Mar 2023SEK 588.8bSEK 220.3bSEK 21.6b15.9x27.3x2.7x
Thu, 02 Feb 2023SEK 577.6bSEK 206.8bSEK 20.4b15.9x28.2x2.8x
Sat, 31 Dec 2022SEK 533.4bSEK 206.8bSEK 20.4b15.4x26.1x2.6x
Mon, 28 Nov 2022SEK 547.4bSEK 206.2bSEK 20.6b14.6x26.6x2.7x
Price to Earnings Ratio

26.6x


Total Market Cap: SEK 547.4bTotal Earnings: SEK 20.6bTotal Revenue: SEK 206.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Building Industry Price to Earnings3Y Average 25.5x202320242025
Current Industry PE
  • Investors are relatively neutral on the Swedish Building 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 25.5x.
  • The industry is trading close to its 3-year average PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Building industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 7.9% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Swedish Industrials industry?

SE Market-3.23%
Industrials-3.15%
Building-4.51%
Building Products-4.51%
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
ABSO Absolent Air Care GroupSEK 204.000.5%
+SEK 11.3m		-14.3%PE26.8x

Latest News

FMM B
SEK 55.80
FM Mattsson
7D
-3.1%
1Y
9.4%
NIBE B
SEK 31.88
NIBE Industrier
7D
-15.6%
1Y
-29.0%

NIBE B: Momentum Will Strengthen on Higher Demand and Energy Efficiency Trends

The analyst price target for NIBE Industrier was reduced from SEK 45.19 to SEK 43.90, as analysts anticipate higher revenue growth but expect a lower profit margin and a higher discount rate in the future. Analyst Commentary Analyst perspectives on NIBE Industrier reflect a mix of optimism about future growth potential and caution regarding profitability and execution risks.
LIAB
SEK 203.20
Lindab International
7D
-5.5%
1Y
-10.9%

Slowing Rates Of Return At Lindab International (STO:LIAB) Leave Little Room For Excitement

Nov 18
Slowing Rates Of Return At Lindab International (STO:LIAB) Leave Little Room For Excitement
MTRS
SEK 163.50
Munters Group
7D
-2.3%
1Y
-6.7%
ABSO
SEK 204.00
Absolent Air Care Group
7D
0.5%
1Y
-14.3%
ASSA B
SEK 346.90
ASSA ABLOY
7D
-2.7%
1Y
6.0%

ASSA B: Recovery Signs In U S Construction Will Drive Balanced Outlook

ASSA ABLOY's analyst price target has increased modestly, rising from SEK 366.06 to SEK 375.44 as analysts cite signs of end market recovery and ongoing confidence in the company’s growth outlook. Analyst Commentary Recent analyst activity reflects cautious optimism toward ASSA ABLOY's outlook, with several price target increases and an upgrade in rating tied to perceived improvements in key end markets and ongoing operational execution.
NMAN
SEK 156.60
Nederman Holding
7D
-2.7%
1Y
-28.5%
INWI
SEK 138.00
Inwido
7D
-2.1%
1Y
-24.5%
SYSR
SEK 75.60
Systemair
7D
-3.0%
1Y
-16.9%