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Swedish (OMX) Construction Industry Analysis

UpdatedAug 25, 2025
DataAggregated Company Financials
Companies18
  • 7D3.7%
  • 3M2.5%
  • 1Y6.5%
  • YTD1.8%

Skanska is up 3.3%, leading the way for the Construction industry, which has gained 3.7%. During this same period, the Eltel underperformed, falling 8.1%. In the last 12 months, the industry was up 6.5%. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 25 Aug 2025SEK 228.8bSEK 390.7bSEK 10.8b15.1x21.1x0.6x
Wed, 23 Jul 2025SEK 190.6bSEK 331.4bSEK 9.2b17.2x20.7x0.6x
Fri, 20 Jun 2025SEK 212.1bSEK 389.0bSEK 11.4b18.2x18.6x0.5x
Sun, 18 May 2025SEK 225.5bSEK 388.9bSEK 11.1b17.4x20.3x0.6x
Tue, 15 Apr 2025SEK 207.1bSEK 380.2bSEK 10.5b15.1x19.7x0.5x
Thu, 13 Mar 2025SEK 230.6bSEK 378.3bSEK 12.0b19.1x19.2x0.6x
Sat, 08 Feb 2025SEK 241.5bSEK 374.6bSEK 10.5b18.9x22.9x0.6x
Mon, 06 Jan 2025SEK 223.3bSEK 370.6bSEK 8.8b19.8x25.5x0.6x
Wed, 04 Dec 2024SEK 221.5bSEK 370.7bSEK 8.8b19.5x25.3x0.6x
Fri, 01 Nov 2024SEK 220.3bSEK 368.8bSEK 9.7b17.4x22.8x0.6x
Sun, 29 Sep 2024SEK 218.5bSEK 367.7bSEK 9.7b18.8x22.6x0.6x
Tue, 27 Aug 2024SEK 227.3bSEK 376.8bSEK 10.8b19.5x21x0.6x
Thu, 25 Jul 2024SEK 234.8bSEK 377.3bSEK 11.3b21.1x20.7x0.6x
Sat, 22 Jun 2024SEK 210.7bSEK 368.4bSEK 11.8b18.4x17.8x0.6x
Mon, 20 May 2024SEK 203.9bSEK 368.7bSEK 11.8b18.2x17.3x0.6x
Wed, 17 Apr 2024SEK 188.0bSEK 371.5bSEK 12.9b15.9x14.6x0.5x
Fri, 15 Mar 2024SEK 192.2bSEK 371.1bSEK 13.1b14.1x14.6x0.5x
Sun, 11 Feb 2024SEK 181.4bSEK 373.2bSEK 13.3b12.9x13.6x0.5x
Tue, 09 Jan 2024SEK 190.7bSEK 377.8bSEK 15.1b12.2x12.7x0.5x
Thu, 07 Dec 2023SEK 181.0bSEK 377.9bSEK 15.1b10.8x12x0.5x
Sat, 04 Nov 2023SEK 162.0bSEK 378.1bSEK 15.1b9.5x10.7x0.4x
Mon, 02 Oct 2023SEK 172.1bSEK 378.2bSEK 15.6b10.7x11x0.5x
Wed, 30 Aug 2023SEK 168.5bSEK 378.4bSEK 15.6b12.4x10.8x0.4x
Fri, 28 Jul 2023SEK 181.7bSEK 376.5bSEK 15.3b15.9x11.8x0.5x
Sun, 25 Jun 2023SEK 170.7bSEK 374.4bSEK 14.6b15.2x11.7x0.5x
Tue, 23 May 2023SEK 184.0bSEK 373.7bSEK 14.9b16.2x12.4x0.5x
Thu, 20 Apr 2023SEK 197.6bSEK 366.4bSEK 14.7b16.4x13.4x0.5x
Sat, 18 Mar 2023SEK 190.2bSEK 366.2bSEK 14.8b18.5x12.9x0.5x
Mon, 13 Feb 2023SEK 212.5bSEK 363.3bSEK 14.7b19.6x14.5x0.6x
Wed, 11 Jan 2023SEK 199.2bSEK 361.5bSEK 14.2b18.9x14x0.6x
Fri, 09 Dec 2022SEK 184.7bSEK 361.3bSEK 14.2b17.3x13x0.5x
Sun, 06 Nov 2022SEK 185.7bSEK 358.0bSEK 14.2b20.9x13x0.5x
Tue, 04 Oct 2022SEK 171.1bSEK 345.7bSEK 13.6b20.7x12.6x0.5x
Thu, 01 Sep 2022SEK 195.1bSEK 345.6bSEK 13.6b24x14.4x0.6x
Price to Earnings Ratio

14.4x


Total Market Cap: SEK 195.1bTotal Earnings: SEK 13.6bTotal Revenue: SEK 345.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Construction Industry Price to Earnings3Y Average 16.4x202320242025
Current Industry PE
  • Investors are optimistic on the Swedish Construction industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 21.1x which is higher than its 3-year average PE of 16.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.54x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have declined 7.3% per year over the last three years.
  • Meanwhile revenues for these companies have grown 4.2% 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, which has decreased profits.

Industry Trends

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

SE Market2.57%
Industrials2.90%
Construction3.73%
Construction and Engineering3.73%
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
SKA B SkanskaSEK 243.503.3%
+SEK 3.2b		19.4%PE16.3x
SWEC B SwecoSEK 167.005.5%
+SEK 3.1b		2.0%PE28.5x
PEAB B PeabSEK 76.704.1%
+SEK 862.4m		-2.4%PE14.2x
NCC B NCCSEK 199.202.8%
+SEK 537.9m		27.1%PE12.8x
INSTAL InstalcoSEK 26.066.4%
+SEK 418.8m		-43.5%PE25.7x

Latest News

FG
SEK 35.00
Fasadgruppen Group
7D
4.0%
1Y
-31.5%

Cost Savings Of SEK 20 Million Will Improve Operational Efficiency

Fasadgruppen Group's upward revision in consensus analyst price target to SEK48.00 is supported by notable improvements in both future P/E and net profit margin, indicating stronger expected profitability and valuation. Valuation Changes Summary of Valuation Changes for Fasadgruppen Group The Consensus Analyst Price Target has significantly risen from SEK32.00 to SEK48.00.
PEAB B
SEK 76.70
Peab
7D
4.1%
1Y
-2.4%

Peab AB (publ)'s (STO:PEAB B) Shares Lagging The Market But So Is The Business

Aug 25
Peab AB (publ)'s (STO:PEAB B) Shares Lagging The Market But So Is The Business
BYGGP
SEK 27.20
ByggPartner Gruppen
7D
15.7%
1Y
50.3%
INSTAL
SEK 26.06
Instalco
7D
6.4%
1Y
-43.5%

Smart Building Services And Digital Automation Will Boost Germany Expansion

With Instalco’s future P/E and discount rate both remaining effectively unchanged, analyst fair value estimates also held steady, leaving the consensus price target at SEK37.33. What's in the News Robin Boheman will leave his role as President & CEO of Instalco after four years, remaining until 31 July 2025.
SKA B
SEK 243.50
Skanska
7D
3.3%
1Y
19.4%
NYAB
SEK 7.01
Nyab
7D
-1.7%
1Y
2.5%

Urbanization And Civil Engineering Contracts Will Drive Enduring Infrastructure Momentum

Despite a notable decline in revenue growth forecasts and a sharp increase in the future P/E multiple, the consensus analyst price target for Nyab has been raised from SEK7.35 to SEK7.88. What's in the News NYAB, with partner Azvi, secured the general contractor role for Phase 1 of the Uppsala Tramway project via joint venture, with a value of SEK 150-200 million, and is well positioned for the significantly larger Phase 2 valued at approximately SEK 5 billion.
TRAIN B
SEK 19.40
Train Alliance
7D
2.1%
1Y
2.4%
NORB B
SEK 11.40
Nordisk Bergteknik
7D
-0.9%
1Y
-36.5%
ELTEL
SEK 9.12
Eltel
7D
-8.1%
1Y
27.4%
SWEC B
SEK 167.00
Sweco
7D
5.5%
1Y
2.0%

Returns Are Gaining Momentum At Sweco (STO:SWEC B)

Aug 01
Returns Are Gaining Momentum At Sweco (STO:SWEC B)
NCC B
SEK 199.20
NCC
7D
2.8%
1Y
27.1%

What Does NCC AB (publ)'s (STO:NCC B) Share Price Indicate?

Jul 30
What Does NCC AB (publ)'s (STO:NCC B) Share Price Indicate?
QBEN
SEK 9.30
Qben Infra
7D
-2.1%
1Y
n/a
DOXA
SEK 0.53
Doxa
7D
-0.9%
1Y
-52.8%
NETEL
SEK 10.10
Netel Holding
7D
-0.6%
1Y
-55.0%