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Swedish (OMX) Building Industry Analysis

UpdatedJun 27, 2026
DataAggregated Company Financials
Companies13
  • 7D-0.9%
  • 3M2.1%
  • 1Y5.9%
  • YTD-5.4%

Last week, the Building industry hasn't moved much but NIBE Industrier is up 3.3% in that time. The past year has been better, since the industry has gained 5.9% in that time. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Jun 2026SEK 530.6bSEK 252.9bSEK 21.3b21.3x24.9x2.1x
Mon, 25 May 2026SEK 542.0bSEK 252.6bSEK 21.2b23.2x25.5x2.1x
Wed, 22 Apr 2026SEK 588.7bSEK 255.1bSEK 20.1b22.6x29.3x2.3x
Fri, 20 Mar 2026SEK 501.6bSEK 255.2bSEK 20.1b21.2x24.9x2x
Sun, 15 Feb 2026SEK 593.8bSEK 255.4bSEK 20.2b23.7x29.4x2.3x
Tue, 13 Jan 2026SEK 569.7bSEK 259.1bSEK 20.8b26.5x27.4x2.2x
Thu, 11 Dec 2025SEK 550.5bSEK 259.1bSEK 20.7b25.9x26.5x2.1x
Sat, 08 Nov 2025SEK 549.2bSEK 258.9bSEK 20.5b26.9x26.8x2.1x
Mon, 06 Oct 2025SEK 521.8bSEK 257.8bSEK 20.2b25.4x25.9x2x
Wed, 03 Sep 2025SEK 519.1bSEK 257.8bSEK 20.2b25.9x25.7x2x
Fri, 01 Aug 2025SEK 536.9bSEK 257.3bSEK 19.9b26.8x27x2.1x
Sun, 29 Jun 2025SEK 500.7bSEK 257.3bSEK 20.2b22.9x24.8x1.9x
Tue, 27 May 2025SEK 503.7bSEK 257.4bSEK 20.3b23x24.8x2x
Thu, 24 Apr 2025SEK 467.5bSEK 256.2bSEK 19.1b21.1x24.5x1.8x
Sat, 22 Mar 2025SEK 514.3bSEK 257.6bSEK 20.3b22.2x25.4x2x
Mon, 17 Feb 2025SEK 552.4bSEK 257.3bSEK 20.1b24.7x27.5x2.1x
Wed, 15 Jan 2025SEK 522.7bSEK 254.6bSEK 19.7b23x26.6x2.1x
Fri, 13 Dec 2024SEK 576.6bSEK 254.6bSEK 19.7b23.8x29.3x2.3x
Sun, 10 Nov 2024SEK 566.0bSEK 256.2bSEK 20.4b23.9x27.7x2.2x
Tue, 08 Oct 2024SEK 587.0bSEK 255.5bSEK 20.0b25.6x29.4x2.3x
Thu, 05 Sep 2024SEK 568.7bSEK 255.6bSEK 19.9b24.6x28.5x2.2x
Sat, 03 Aug 2024SEK 526.2bSEK 257.4bSEK 21.1b23.6x25x2x
Mon, 01 Jul 2024SEK 523.7bSEK 253.5bSEK 20.7b22.7x25.2x2.1x
Wed, 29 May 2024SEK 559.9bSEK 253.6bSEK 21.2b22.3x26.4x2.2x
Fri, 26 Apr 2024SEK 526.5bSEK 255.8bSEK 23.4b19.2x22.5x2.1x
Sun, 24 Mar 2024SEK 548.4bSEK 253.1bSEK 22.7b19.3x24.1x2.2x
Tue, 20 Feb 2024SEK 530.4bSEK 253.3bSEK 23.0b19.6x23.1x2.1x
Thu, 18 Jan 2024SEK 514.1bSEK 247.2bSEK 23.1b18x22.2x2.1x
Sat, 16 Dec 2023SEK 555.7bSEK 249.0bSEK 23.3b17.9x23.9x2.2x
Mon, 13 Nov 2023SEK 481.8bSEK 247.3bSEK 22.9b16.4x21x1.9x
Wed, 11 Oct 2023SEK 494.5bSEK 241.2bSEK 23.1b15.4x21.4x2.1x
Fri, 08 Sep 2023SEK 514.9bSEK 241.2bSEK 23.1b14.3x22.3x2.1x
Sun, 06 Aug 2023SEK 541.0bSEK 238.7bSEK 23.0b15x23.5x2.3x
Tue, 04 Jul 2023SEK 567.0bSEK 232.3bSEK 22.6b14.5x25.1x2.4x
Price to Earnings Ratio

25.1x


Total Market Cap: SEK 567.0bTotal Earnings: SEK 22.6bTotal Revenue: SEK 232.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Building Industry Price to Earnings3Y Average 25.6x202420252026
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 25.6x.
  • The industry is trading close to its 3-year average PS ratio of 2.1x.
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 2.9% 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-0.81%
Industrials-1.86%
Building-0.93%
Building Products-0.93%
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
NIBE B NIBE IndustrierSEK 36.323.3%
+SEK 2.3b		-11.1%PE30.6x
SVED B Svedbergs GroupSEK 64.702.1%
+SEK 69.1m		15.9%PE15.4x
FMM B FM MattssonSEK 74.400.5%
+SEK 16.9m		24.8%PE23.2x
QAIR QleanAirSEK 21.701.4%
+SEK 4.5m		17.3%PE11.2x

Latest News

BALCO
SEK 14.50
Balco Group
7D
-0.3%
1Y
-44.0%
Narrative Update • Jun 25

BALCO: CEO Succession Planning And Stable Assumptions Will Support Balanced Outlook

Analysts have reaffirmed their SEK 15.0 price target on Balco Group, with fair value, discount rate, revenue growth, profit margin and future P/E assumptions all remaining unchanged and supporting a steady outlook for the stock. What’s in the News for Balco Group The Board of Directors of Balco Group AB has decided to begin recruiting a new Group CEO to lead the company’s continued improvement and development efforts, according to a key developments update.
QAIR
SEK 21.70
QleanAir
7D
1.4%
1Y
17.3%
Narrative Update • Jun 24

QAIR: US Healthcare Cleanroom Contracts Will Support Future Upside Potential

Analysts have maintained their SEK 31.0 price target for QleanAir, with only minor adjustments to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions supporting their view. What’s in the News for QleanAir QleanAir signed two US healthcare agreements to build modular cleanrooms compliant with USP 797 and USP 800 standards, including a first project with a multi state specialty compounding pharmacy operator and a continued partnership with a hospital in Texas.
MTRS
SEK 164.65
Munters Group
7D
-9.4%
1Y
16.0%
Narrative Update • Jun 22

MTRS: Data Center Cooling Demand Will Drive Backlog And ReRating Potential

The analyst price target for Munters Group has been adjusted to SEK 225.25 from SEK 219.57 as analysts factor in updated assumptions for revenue growth, profit margins and future P/E, alongside recent Street views that highlight the company’s exposure to data center cooling demand. Analyst Commentary Recent Street commentary on Munters Group reflects a mix of enthusiasm around its role in data center cooling and questions about how much of that optimism is already reflected in the stock’s valuation.
SYSR
SEK 78.00
Systemair
7D
-5.3%
1Y
-11.0%
Analysis Article • Jun 22

Systemair (OM:SYSR) Stock Could Be 24% Below Fair Value After Product Launch

Systemair (OM:SYSR) stock is in focus after the company introduced its Geniox HP DFN air handling unit, designed around R290 refrigerant to align with upcoming EU F-gas rules and energy-efficiency demands. See our latest analysis for Systemair. For investors tracking Systemair, the stock has risen 6.46% on a 1 month share price basis and 17.21% over 3 months, while the 1 year total shareholder return is slightly negative. This means recent momentum contrasts with a softer longer term...
LIAB
SEK 133.30
Lindab International
7D
-2.5%
1Y
-33.4%
NIBE B
SEK 36.32
NIBE Industrier
7D
3.3%
1Y
-11.1%
Narrative Update • Jun 18

NIBE B: Future Upside Will Stem From Outperform Rating And Resilient Margins

Analysts have trimmed their fair value estimate for NIBE Industrier stock from about SEK44.25 to roughly SEK43.46, citing updated assumptions for revenue growth, profit margins and future P/E levels, as reflected in recent Street research such as the resumed Outperform coverage at BNP Paribas. What’s in the News for NIBE Industrier Recent Street research incorporates revised assumptions for NIBE Industrier’s revenue growth, profit margins and future P/E levels, which feed into the updated fair value estimate.
FMM B
SEK 74.40
FM Mattsson
7D
0.5%
1Y
24.8%
ASSA B
SEK 340.90
ASSA ABLOY
7D
-0.8%
1Y
14.1%
Narrative Update • Jun 18

ASSA B: Acquisition Execution Will Drive Future Share Price Re Rating

The analyst fair value estimate for ASSA ABLOY has edged up from SEK 398.45 to SEK 401.29, reflecting updated assumptions on revenue growth, margins and future P/E, alongside a mixed set of Street targets that range from SEK 365 to SEK 457, as analysts weigh acquisition-driven returns against the stock's current sector discount. Analyst Commentary Recent Street research on ASSA ABLOY highlights a split view, with bullish analysts focusing on acquisition-driven value creation and re-rating potential, while more cautious voices point to valuation constraints and execution risk around deal-driven growth.
INWI
SEK 143.90
Inwido
7D
-1.6%
1Y
-31.0%
SVED B
SEK 64.70
Svedbergs Group
7D
2.1%
1Y
15.9%
ECC B
SEK 0.15
Ecoclime Group
7D
-10.2%
1Y
-70.5%
ABSO
SEK 187.50
Absolent Air Care Group
7D
-4.3%
1Y
-14.4%