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Swedish (OMX) Construction Industry Analysis

UpdatedDec 07, 2025
DataAggregated Company Financials
Companies18
  • 7D1.5%
  • 3M3.2%
  • 1Y0.9%
  • YTD2.2%

Over the last 7 days, the Construction industry has risen 1.5%, driven by gains from Skanska of 2.3%. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 07 Dec 2025SEK 230.0bSEK 389.5bSEK 11.3b17.8x20.3x0.6x
Tue, 04 Nov 2025SEK 237.4bSEK 390.3bSEK 11.3b21.2x21.1x0.6x
Thu, 02 Oct 2025SEK 226.6bSEK 390.9bSEK 10.8b16.3x21x0.6x
Sat, 30 Aug 2025SEK 220.8bSEK 391.0bSEK 10.8b15.7x20.4x0.6x
Mon, 28 Jul 2025SEK 194.8bSEK 331.2bSEK 9.2b17.4x21.1x0.6x
Wed, 25 Jun 2025SEK 215.8bSEK 389.0bSEK 11.4b17.3x18.9x0.6x
Fri, 23 May 2025SEK 221.5bSEK 388.8bSEK 11.4b18x19.4x0.6x
Sun, 20 Apr 2025SEK 211.9bSEK 380.0bSEK 10.3b16.5x20.5x0.6x
Tue, 18 Mar 2025SEK 236.1bSEK 378.4bSEK 10.4b20.3x22.6x0.6x
Thu, 13 Feb 2025SEK 241.6bSEK 379.3bSEK 10.7b20.8x22.5x0.6x
Sat, 11 Jan 2025SEK 215.6bSEK 370.6bSEK 8.8b18.3x24.6x0.6x
Mon, 09 Dec 2024SEK 225.8bSEK 370.7bSEK 8.8b19.8x25.8x0.6x
Wed, 06 Nov 2024SEK 220.9bSEK 369.0bSEK 9.7b17.9x22.8x0.6x
Fri, 04 Oct 2024SEK 218.1bSEK 367.8bSEK 9.6b19x22.6x0.6x
Sun, 01 Sep 2024SEK 230.2bSEK 375.1bSEK 10.3b20.2x22.3x0.6x
Tue, 30 Jul 2024SEK 235.0bSEK 377.5bSEK 11.0b27.3x21.4x0.6x
Thu, 27 Jun 2024SEK 205.4bSEK 368.4bSEK 11.8b18.4x17.4x0.6x
Sat, 25 May 2024SEK 208.8bSEK 368.6bSEK 11.8b19.2x17.7x0.6x
Mon, 22 Apr 2024SEK 183.1bSEK 371.5bSEK 12.9b15.5x14.2x0.5x
Wed, 20 Mar 2024SEK 193.5bSEK 371.2bSEK 13.1b14.2x14.7x0.5x
Fri, 16 Feb 2024SEK 184.1bSEK 373.3bSEK 13.5b14.6x13.6x0.5x
Sun, 14 Jan 2024SEK 189.1bSEK 377.9bSEK 15.1b11.6x12.6x0.5x
Tue, 12 Dec 2023SEK 181.4bSEK 377.9bSEK 15.1b11x12x0.5x
Thu, 09 Nov 2023SEK 161.9bSEK 378.1bSEK 15.1b9.3x10.7x0.4x
Sat, 07 Oct 2023SEK 168.5bSEK 378.3bSEK 15.6b9.6x10.8x0.4x
Mon, 04 Sep 2023SEK 165.1bSEK 378.5bSEK 15.6b12.6x10.6x0.4x
Wed, 02 Aug 2023SEK 177.7bSEK 376.6bSEK 15.3b15.8x11.6x0.5x
Fri, 30 Jun 2023SEK 174.8bSEK 374.5bSEK 14.6b14.6x12x0.5x
Sun, 28 May 2023SEK 179.6bSEK 374.4bSEK 14.6b16x12.3x0.5x
Tue, 25 Apr 2023SEK 192.8bSEK 366.4bSEK 14.7b16.6x13.1x0.5x
Thu, 23 Mar 2023SEK 190.1bSEK 366.2bSEK 14.8b18.1x12.9x0.5x
Sat, 18 Feb 2023SEK 212.1bSEK 364.5bSEK 14.8b19.8x14.4x0.6x
Mon, 16 Jan 2023SEK 204.9bSEK 361.6bSEK 14.2b18.3x14.4x0.6x
Wed, 14 Dec 2022SEK 193.3bSEK 361.3bSEK 14.2b17.8x13.6x0.5x
Price to Earnings Ratio

13.6x


Total Market Cap: SEK 193.3bTotal Earnings: SEK 14.2bTotal Revenue: SEK 361.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Construction Industry Price to Earnings3Y Average 17.1x202320242025
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 20.3x which is higher than its 3-year average PE of 17.1x.
  • 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 7.4% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.5% 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 Market0.80%
Industrials2.11%
Construction1.50%
Construction and Engineering1.50%
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 247.802.3%
+SEK 2.3b		5.4%PE16.5x
SWEC B SwecoSEK 162.701.2%
+SEK 685.3m		-6.3%PE27.2x
BYGGP ByggPartner GruppenSEK 40.9017.5%
+SEK 276.6m		153.3%PE17.1x
INSTAL InstalcoSEK 24.123.1%
+SEK 193.3m		-27.2%PE24.9x
NCC B NCCSEK 218.600.7%
+SEK 156.5m		32.2%PE13.5x

Latest News

SWEC B
SEK 162.70
Sweco
7D
1.2%
1Y
-6.3%
SKA B
SEK 247.80
Skanska
7D
2.3%
1Y
5.4%

SKA B: Richer Price Views And Project Pipeline Will Support Margins

Analysts have modestly reduced their fair value estimate for Skanska from SEK 275 to SEK 265, reflecting slightly lower long term revenue growth expectations that are only partly offset by a marginally stronger profit margin outlook and a richer external price target backdrop. Analyst Commentary Recent research updates show a generally constructive stance on Skanska, with incremental adjustments to price targets that align with slightly improved profitability assumptions but only modestly higher growth expectations.
QBEN
SEK 9.82
Qben Infra
7D
-1.8%
1Y
-31.8%
NCC B
SEK 218.60
NCC
7D
0.7%
1Y
32.2%

NCC B: Project Momentum and Solid Metrics Will Sustain Steady Market Expectations

Analysts have maintained the price target for NCC at $227.50, citing steady financial projections and minimal adjustments in key valuation factors such as the discount rate and profit margin. What's in the News NCC has secured a SEK 1.5 billion contract to renovate and improve accessibility in a central Stockholm city block.
BYGGP
SEK 40.90
ByggPartner Gruppen
7D
17.5%
1Y
153.3%
EOLU B
SEK 39.55
Eolus Aktiebolag
7D
-4.8%
1Y
-21.7%
INSTAL
SEK 24.12
Instalco
7D
3.1%
1Y
-27.2%

INSTAL: Future Earnings Multiples Will Offer Long-Term Upside Potential

Analysts have revised their fair value estimate for Instalco downward from SEK 37.33 to SEK 34.00. They cite modest adjustments to growth and profitability assumptions in their updated outlook.
FG
SEK 26.35
Fasadgruppen Group
7D
2.1%
1Y
-39.2%

FG: Falling Price-Earnings and Index Inclusion Will Drive Shares Higher

Analysts have revised their price target for Fasadgruppen Group to SEK 43.0. This change reflects updated forecasts for modestly higher revenue growth and a slightly reduced future price-earnings ratio. What's in the News Fasadgruppen Group AB has been added to the S&P Global BMI Index (Key Developments) Between July 1, 2025 and September 30, 2025, the company reported no share repurchases.
NORB B
SEK 13.15
Nordisk Bergteknik
7D
-9.3%
1Y
9.4%
TERNOR
SEK 27.80
Terranor Group
7D
-1.8%
1Y
n/a
ELTEL
SEK 9.00
Eltel
7D
1.4%
1Y
38.5%
NYAB
SEK 5.90
Nyab
7D
0.7%
1Y
16.1%

Investors Continue Waiting On Sidelines For Nyab AB (publ) (STO:NYAB)

Nov 06
Investors Continue Waiting On Sidelines For Nyab AB (publ) (STO:NYAB)
PEAB B
SEK 79.15
Peab
7D
-0.7%
1Y
-5.2%

Peab's (STO:PEAB B) Shareholders May Want To Dig Deeper Than Statutory Profit

Nov 02
Peab's (STO:PEAB B) Shareholders May Want To Dig Deeper Than Statutory Profit
DOXA
SEK 0.49
Doxa
7D
-2.2%
1Y
-23.3%
SEHED B
SEK 21.00
SEHED Byggmästargruppen
7D
-3.2%
1Y
n/a

Solid Earnings May Not Tell The Whole Story For SEHED Byggmästargruppen (NGM:SEHED B)

Aug 29
Solid Earnings May Not Tell The Whole Story For SEHED Byggmästargruppen (NGM:SEHED B)