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Swedish (OMX) Construction Industry Analysis

UpdatedJan 21, 2026
DataAggregated Company Financials
Companies18
  • 7D-2.1%
  • 3M0.9%
  • 1Y3.7%
  • YTD0.6%

Over the last 7 days, the Construction industry has dropped 2.1%, driven by declines in Sweco and Skanska of 2.6% and 1.1%, respectively. Over the past 12 months, the industry was up 3.7%. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 Jan 2026SEK 233.9bSEK 389.2bSEK 11.3b18.3x20.7x0.6x
Fri, 19 Dec 2025SEK 227.6bSEK 389.4bSEK 11.3b18.1x20.1x0.6x
Sun, 16 Nov 2025SEK 228.2bSEK 389.3bSEK 11.3b23.4x20.2x0.6x
Tue, 14 Oct 2025SEK 235.5bSEK 390.9bSEK 10.8b17.9x21.8x0.6x
Thu, 11 Sep 2025SEK 227.5bSEK 390.8bSEK 10.8b15.9x21.1x0.6x
Sat, 09 Aug 2025SEK 198.9bSEK 331.2bSEK 9.2b15.7x21.6x0.6x
Mon, 07 Jul 2025SEK 215.9bSEK 392.4bSEK 11.5b15.9x18.8x0.6x
Wed, 04 Jun 2025SEK 219.4bSEK 388.9bSEK 11.4b18.4x19.2x0.6x
Fri, 02 May 2025SEK 217.4bSEK 380.4bSEK 10.4b16.6x21x0.6x
Sun, 30 Mar 2025SEK 225.5bSEK 378.1bSEK 10.4b19.1x21.6x0.6x
Tue, 25 Feb 2025SEK 237.4bSEK 378.1bSEK 10.8b21.2x22x0.6x
Thu, 23 Jan 2025SEK 223.5bSEK 370.6bSEK 8.8b19.3x25.5x0.6x
Sat, 21 Dec 2024SEK 217.6bSEK 370.6bSEK 8.8b19.3x24.8x0.6x
Mon, 18 Nov 2024SEK 214.2bSEK 370.8bSEK 9.9b17.4x21.6x0.6x
Wed, 16 Oct 2024SEK 234.0bSEK 375.1bSEK 10.1b18.8x23.1x0.6x
Fri, 13 Sep 2024SEK 227.0bSEK 375.1bSEK 10.1b18.2x22.4x0.6x
Sun, 11 Aug 2024SEK 226.9bSEK 377.2bSEK 11.0b26.3x20.7x0.6x
Tue, 09 Jul 2024SEK 215.3bSEK 372.0bSEK 11.9b19.9x18x0.6x
Thu, 06 Jun 2024SEK 204.0bSEK 368.4bSEK 11.8b18.4x17.3x0.6x
Sat, 04 May 2024SEK 189.4bSEK 369.8bSEK 11.9b16.2x15.9x0.5x
Mon, 01 Apr 2024SEK 195.2bSEK 371.4bSEK 13.1b15.6x14.9x0.5x
Wed, 28 Feb 2024SEK 185.6bSEK 371.1bSEK 13.1b13.9x14.1x0.5x
Fri, 26 Jan 2024SEK 185.5bSEK 377.9bSEK 15.1b11.5x12.3x0.5x
Sun, 24 Dec 2023SEK 191.9bSEK 377.7bSEK 15.1b12x12.7x0.5x
Tue, 21 Nov 2023SEK 172.3bSEK 378.0bSEK 15.1b9.7x11.4x0.5x
Thu, 19 Oct 2023SEK 160.5bSEK 378.3bSEK 15.6b8.7x10.3x0.4x
Sat, 16 Sep 2023SEK 169.0bSEK 378.5bSEK 15.6b10.2x10.9x0.4x
Mon, 14 Aug 2023SEK 174.7bSEK 376.8bSEK 15.3b14.1x11.4x0.5x
Wed, 12 Jul 2023SEK 175.9bSEK 374.5bSEK 14.6b14.8x12x0.5x
Fri, 09 Jun 2023SEK 180.4bSEK 374.4bSEK 14.6b16x12.3x0.5x
Sun, 07 May 2023SEK 189.3bSEK 371.8bSEK 14.5b15.6x13x0.5x
Tue, 04 Apr 2023SEK 187.8bSEK 366.4bSEK 14.7b18.3x12.8x0.5x
Thu, 02 Mar 2023SEK 203.4bSEK 366.3bSEK 14.8b17.8x13.8x0.6x
Sat, 28 Jan 2023SEK 205.0bSEK 361.5bSEK 14.2b18.9x14.4x0.6x
Price to Earnings Ratio

14.4x


Total Market Cap: SEK 205.0bTotal Earnings: SEK 14.2bTotal Revenue: SEK 361.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Construction Industry Price to Earnings3Y Average 17.4x202420252026
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 20.7x which is higher than its 3-year average PE of 17.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.55x.
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 Market-1.01%
Industrials0.23%
Construction-2.05%
Construction and Engineering-2.05%
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
BYGGP ByggPartner GruppenSEK 42.501.9%
+SEK 36.3m		187.2%PE17.8x

Latest News

NCC B
SEK 218.60
NCC
7D
-3.2%
1Y
24.0%

Is Now The Time To Put NCC (STO:NCC B) On Your Watchlist?

Jan 21
Is Now The Time To Put NCC (STO:NCC B) On Your Watchlist?
VESTUM
SEK 7.76
Vestum
7D
-2.8%
1Y
-31.4%
SWEC B
SEK 142.20
Sweco
7D
-4.0%
1Y
-17.9%

Sweco AB (publ) (STO:SWEC B) Investors Are Less Pessimistic Than Expected

Jan 19
Sweco AB (publ) (STO:SWEC B) Investors Are Less Pessimistic Than Expected
NYAB
SEK 5.93
Nyab
7D
-4.7%
1Y
17.7%
PEAB B
SEK 86.80
Peab
7D
-0.3%
1Y
10.0%

These 4 Measures Indicate That Peab (STO:PEAB B) Is Using Debt Reasonably Well

Jan 11
These 4 Measures Indicate That Peab (STO:PEAB B) Is Using Debt Reasonably Well
FG
SEK 27.10
Fasadgruppen Group
7D
-9.7%
1Y
-32.2%

FG: Stable Assumptions And Discounted Earnings Will Support Future Share Upside

Analysts have maintained their price target for Fasadgruppen Group at SEK 43, reflecting unchanged assumptions on fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News The buyback program from April 1, 2025 to June 30, 2025 shows 0 shares repurchased for SEK 0 million.
SKA B
SEK 266.00
Skanska
7D
-1.8%
1Y
9.5%

SKA B: Fair Outlook Will Rely On Execution In Major Infrastructure Projects

Analysts have nudged their fair value estimate for Skanska to SEK 295 from SEK 285, citing updated assumptions on revenue growth, profit margins and a more conservative future P/E multiple that aligns with recent Street target moves, such as the shift to SEK 270. Analyst Commentary Recent Street commentary around Skanska has tilted more constructive, with price targets moving higher and fair value work edging up in tandem.
BYGGP
SEK 42.50
ByggPartner Gruppen
7D
1.9%
1Y
187.2%
INSTAL
SEK 25.04
Instalco
7D
-6.3%
1Y
-16.1%

INSTAL: Higher Margin Assumptions Will Support A Stronger Future Repricing

Analysts have trimmed their price target on Instalco from SEK45 to SEK40 as they factor in a slightly higher discount rate, a lower assumed revenue growth rate, a higher profit margin, and a reduced future P/E multiple. Valuation Changes Fair Value: Trimmed from SEK45 to SEK40, indicating a SEK5 reduction in the derived price level.