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Swedish (OMX) Building Industry Analysis

UpdatedDec 26, 2025
DataAggregated Company Financials
Companies13
  • 7D-0.02%
  • 3M10.0%
  • 1Y1.7%
  • YTD0.9%

Over the last 7 days, the Building industry has remained flat. Furthermore, the industry has been flat for the past year as well. 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, 26 Dec 2025SEK 555.0bSEK 259.1bSEK 20.8b26.2x26.7x2.1x
Sun, 23 Nov 2025SEK 532.6bSEK 259.0bSEK 20.7b23.7x25.7x2.1x
Tue, 21 Oct 2025SEK 534.6bSEK 257.8bSEK 20.2b26.2x26.5x2.1x
Thu, 18 Sep 2025SEK 526.5bSEK 257.8bSEK 20.2b26.1x26.1x2x
Sat, 16 Aug 2025SEK 547.7bSEK 257.8bSEK 19.9b27.4x27.5x2.1x
Mon, 14 Jul 2025SEK 509.9bSEK 257.3bSEK 20.2b23.9x25.2x2x
Wed, 11 Jun 2025SEK 512.1bSEK 257.3bSEK 20.2b23x25.3x2x
Fri, 09 May 2025SEK 510.3bSEK 257.0bSEK 19.0b24x26.8x2x
Sun, 06 Apr 2025SEK 448.1bSEK 253.5bSEK 20.1b19.6x22.3x1.8x
Tue, 04 Mar 2025SEK 535.1bSEK 257.4bSEK 20.1b24.2x26.6x2.1x
Thu, 30 Jan 2025SEK 558.3bSEK 254.6bSEK 19.7b23.3x28.4x2.2x
Sat, 28 Dec 2024SEK 549.8bSEK 254.6bSEK 19.7b23.7x28x2.2x
Mon, 25 Nov 2024SEK 560.6bSEK 254.6bSEK 19.7b23.5x28.5x2.2x
Wed, 23 Oct 2024SEK 576.6bSEK 255.5bSEK 19.9b25.3x28.9x2.3x
Fri, 20 Sep 2024SEK 585.2bSEK 255.5bSEK 19.9b25.4x29.3x2.3x
Sun, 18 Aug 2024SEK 545.0bSEK 255.6bSEK 20.0b23.5x27.3x2.1x
Tue, 16 Jul 2024SEK 538.6bSEK 253.5bSEK 20.7b24x26x2.1x
Thu, 13 Jun 2024SEK 551.6bSEK 253.6bSEK 20.7b24x26.6x2.2x
Sat, 11 May 2024SEK 571.8bSEK 255.8bSEK 23.3b20.9x24.5x2.2x
Mon, 08 Apr 2024SEK 532.8bSEK 253.1bSEK 22.7b19.5x23.4x2.1x
Wed, 06 Mar 2024SEK 535.4bSEK 253.1bSEK 22.7b19x23.6x2.1x
Fri, 02 Feb 2024SEK 536.9bSEK 250.8bSEK 23.4b17.7x22.9x2.1x
Sun, 31 Dec 2023SEK 554.1bSEK 249.0bSEK 23.3b18x23.8x2.2x
Tue, 28 Nov 2023SEK 507.7bSEK 248.9bSEK 23.1b17.4x22x2x
Thu, 26 Oct 2023SEK 453.8bSEK 242.2bSEK 23.1b14x19.6x1.9x
Sat, 23 Sep 2023SEK 478.8bSEK 241.2bSEK 23.1b15.6x20.7x2x
Mon, 21 Aug 2023SEK 499.0bSEK 240.9bSEK 23.1b14.3x21.6x2.1x
Wed, 19 Jul 2023SEK 554.6bSEK 232.5bSEK 22.6b14.2x24.6x2.4x
Fri, 16 Jun 2023SEK 575.4bSEK 232.3bSEK 22.6b15.2x25.5x2.5x
Sun, 14 May 2023SEK 584.4bSEK 228.8bSEK 21.5b17.4x27.2x2.6x
Tue, 11 Apr 2023SEK 552.7bSEK 221.0bSEK 21.7b15.8x25.5x2.5x
Thu, 09 Mar 2023SEK 587.6bSEK 220.3bSEK 21.6b16.3x27.2x2.7x
Sat, 04 Feb 2023SEK 613.4bSEK 206.8bSEK 20.4b16.5x30x3x
Mon, 02 Jan 2023SEK 513.1bSEK 206.8bSEK 20.4b15.4x25.1x2.5x
Price to Earnings Ratio

25.1x


Total Market Cap: SEK 513.1bTotal Earnings: SEK 20.4bTotal Revenue: SEK 206.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Building Industry Price to Earnings3Y Average 25.5x20242025
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 7.8% 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 Market0.44%
Industrials0.41%
Building-0.015%
Building Products-0.015%
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
SYSR SystemairSEK 87.102.0%
+SEK 352.8m		-3.3%PE26.2x
NMAN Nederman HoldingSEK 166.203.0%
+SEK 168.6m		-22.0%PE19.7x
MTRS Munters GroupSEK 171.300.5%
+SEK 164.3m		-7.3%PE39.9x
INWI InwidoSEK 163.101.6%
+SEK 150.7m		-11.7%PE17.8x
SVED B Svedbergs GroupSEK 67.601.7%
+SEK 58.4m		62.7%PE17.8x

Latest News

QAIR
SEK 20.60
QleanAir
7D
-1.9%
1Y
27.2%

QAIR: New Industrial Air Cleaner Will Support Stronger Future Profitability

Analysts have modestly reiterated their conviction in QleanAir, keeping the price target steady at SEK 25.00 as slightly lower discount rate assumptions and stable growth and margin forecasts continue to support the stock’s valuation profile. What's in the News Launched the FS 70 Welding air cleaner, targeting reduction of welding fumes and grinding dust in metalworking production environments (Key Developments).
BALCO
SEK 18.15
Balco Group
7D
-1.4%
1Y
-53.8%

BALCO: Lower Risk Profile Will Support Sustained Earnings Momentum And Upside Potential

Analysts have nudged their price target on Balco Group slightly higher to $25.00, reflecting modestly lower perceived risk and confidence in the company’s ability to sustain its current growth and profitability profile. Valuation Changes The fair value estimate remains unchanged at SEK 25.0 per share, indicating no material revision to the intrinsic value assessment.
MTRS
SEK 171.30
Munters Group
7D
0.5%
1Y
-7.3%

MTRS: Standout Q3 AI Infrastructure Demand Will Drive Future Cash Flow Durability

Analysts have raised their fair value estimate for Munters Group to SEK 199 from SEK 188, citing a standout Q3 that underscored the company's growing role as a critical supplier to artificial intelligence infrastructure. Analyst Commentary Analysts remain broadly constructive on Munters Group following the latest price target increase, highlighting the company's execution in high growth end markets and its sharpened strategic focus on artificial intelligence infrastructure.
ASSA B
SEK 355.40
ASSA ABLOY
7D
-0.1%
1Y
8.6%

ASSA B Will Face Limited Upside As Rich Pricing Meets Execution Risks

Analysts have raised their price target on ASSA ABLOY from about SEK 260 to roughly SEK 310, citing stronger expected revenue growth, slightly higher profit margins, and an upwardly revised future price-to-earnings multiple. Analyst Commentary Recent Street research on ASSA ABLOY has featured a series of incremental price target increases, but the prevailing stance from several bearish analysts remains one of caution rather than conviction.
SVED B
SEK 67.60
Svedbergs Group
7D
1.7%
1Y
62.7%
NIBE B
SEK 34.81
NIBE Industrier
7D
-0.5%
1Y
-17.9%

NIBE B: Future Upside Will Stem From Margin Recovery And Order Intake Normalization

Analysts have nudged their fair value estimate for NIBE Industrier higher to approximately SEK 44.73 from about SEK 43.90. This reflects slightly stronger long term growth and margin assumptions, in line with recent Buy rated street targets around SEK 48.00.
SYSR
SEK 87.10
Systemair
7D
2.0%
1Y
-3.3%
INWI
SEK 163.10
Inwido
7D
1.6%
1Y
-11.7%
FMM B
SEK 63.00
FM Mattsson
7D
-4.8%
1Y
23.0%
LIAB
SEK 207.20
Lindab International
7D
0.3%
1Y
-9.2%

LIAB: Future M&A Activity Will Shape Fairly Valued Ventilation Leader

Narrative Update on Lindab International Analysts have raised their price target on Lindab International from SEK 195 to SEK 214. This reflects increased confidence in the company’s valuation, despite slightly more conservative assumptions for revenue growth and profit margins, along with a higher projected future P E multiple.
NMAN
SEK 166.20
Nederman Holding
7D
3.0%
1Y
-22.0%
ABSO
SEK 215.00
Absolent Air Care Group
7D
-2.7%
1Y
-18.3%
ECC B
SEK 0.23
Ecoclime Group
7D
-20.8%
1Y
-87.3%

Ecoclime Group AB (publ) (NGM:ECC B) Might Not Be As Mispriced As It Looks After Plunging 45%

Sep 17
Ecoclime Group AB (publ) (NGM:ECC B) Might Not Be As Mispriced As It Looks After Plunging 45%