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Swedish (OMX) Construction Industry Analysis

UpdatedSep 14, 2025
DataAggregated Company Financials
Companies18
  • 7D5.0%
  • 3M4.6%
  • 1Y6.5%
  • YTD2.5%

In the last week, the Construction industry is up 5.0%, with Skanska up 4.5%. In the last 12 months, the industry was up 6.5%. 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
Sun, 14 Sep 2025SEK 230.5bSEK 390.8bSEK 10.8b16.1x21.3x0.6x
Tue, 12 Aug 2025SEK 198.2bSEK 331.2bSEK 9.2b16.2x21.5x0.6x
Thu, 10 Jul 2025SEK 217.6bSEK 392.3bSEK 11.5b15.9x19x0.6x
Sat, 07 Jun 2025SEK 221.9bSEK 388.9bSEK 11.4b17.6x19.5x0.6x
Mon, 05 May 2025SEK 220.6bSEK 380.2bSEK 10.7b16.8x20.7x0.6x
Wed, 02 Apr 2025SEK 223.5bSEK 378.1bSEK 10.4b18.8x21.4x0.6x
Fri, 28 Feb 2025SEK 240.6bSEK 378.6bSEK 10.8b19.4x22.2x0.6x
Sun, 26 Jan 2025SEK 227.9bSEK 370.6bSEK 8.8b20.3x26x0.6x
Tue, 24 Dec 2024SEK 218.3bSEK 370.6bSEK 8.8b19.5x24.9x0.6x
Thu, 21 Nov 2024SEK 210.2bSEK 370.9bSEK 9.9b17.4x21.2x0.6x
Sat, 19 Oct 2024SEK 234.6bSEK 375.2bSEK 10.1b19.2x23.2x0.6x
Mon, 16 Sep 2024SEK 230.0bSEK 375.1bSEK 10.1b18x22.7x0.6x
Wed, 14 Aug 2024SEK 228.1bSEK 377.2bSEK 11.0b26.7x20.8x0.6x
Fri, 12 Jul 2024SEK 218.2bSEK 371.9bSEK 11.9b19.9x18.3x0.6x
Sun, 09 Jun 2024SEK 203.4bSEK 368.5bSEK 11.8b19.1x17.2x0.6x
Tue, 07 May 2024SEK 191.5bSEK 369.8bSEK 11.9b16.4x16.1x0.5x
Thu, 04 Apr 2024SEK 196.1bSEK 371.4bSEK 13.1b15.9x14.9x0.5x
Sat, 02 Mar 2024SEK 189.1bSEK 371.1bSEK 13.1b14.1x14.4x0.5x
Mon, 29 Jan 2024SEK 185.1bSEK 378.0bSEK 15.1b11x12.3x0.5x
Wed, 27 Dec 2023SEK 191.9bSEK 377.7bSEK 15.1b12x12.7x0.5x
Fri, 24 Nov 2023SEK 173.9bSEK 378.0bSEK 15.1b10x11.5x0.5x
Sun, 22 Oct 2023SEK 158.5bSEK 379.0bSEK 16.1b8.4x9.8x0.4x
Tue, 19 Sep 2023SEK 171.6bSEK 378.6bSEK 15.6b10x11x0.5x
Thu, 17 Aug 2023SEK 170.9bSEK 376.9bSEK 15.3b14.7x11.2x0.5x
Sat, 15 Jul 2023SEK 176.6bSEK 374.0bSEK 15.1b14.8x11.7x0.5x
Mon, 12 Jun 2023SEK 181.3bSEK 374.4bSEK 14.6b15.8x12.4x0.5x
Wed, 10 May 2023SEK 183.3bSEK 371.8bSEK 14.5b14.9x12.6x0.5x
Fri, 07 Apr 2023SEK 190.0bSEK 366.5bSEK 14.7b17.8x12.9x0.5x
Sun, 05 Mar 2023SEK 204.2bSEK 366.3bSEK 14.8b18.2x13.8x0.6x
Tue, 31 Jan 2023SEK 202.8bSEK 361.6bSEK 14.2b18.8x14.2x0.6x
Thu, 29 Dec 2022SEK 187.3bSEK 361.5bSEK 14.2b18.7x13.1x0.5x
Sat, 26 Nov 2022SEK 192.6bSEK 361.8bSEK 14.3b18.5x13.5x0.5x
Mon, 24 Oct 2022SEK 167.7bSEK 345.9bSEK 13.6b20.2x12.3x0.5x
Wed, 21 Sep 2022SEK 177.8bSEK 345.7bSEK 13.6b21.4x13.1x0.5x
Price to Earnings Ratio

13.1x


Total Market Cap: SEK 177.8bTotal Earnings: SEK 13.6bTotal Revenue: SEK 345.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Construction Industry Price to Earnings3Y Average 16.5x202320242025
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 21.3x which is higher than its 3-year average PE of 16.5x.
  • 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 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 Market0.40%
Industrials0.99%
Construction5.04%
Construction and Engineering5.04%
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 241.004.5%
+SEK 4.3b		17.4%PE16.1x
NCC B NCCSEK 225.6015.5%
+SEK 3.0b		39.6%PE14.5x
SWEC B SwecoSEK 167.503.1%
+SEK 1.8b		-0.7%PE28.6x
PEAB B PeabSEK 77.856.4%
+SEK 1.4b		1.1%PE14.4x
INSTAL InstalcoSEK 26.648.6%
+SEK 563.7m		-42.8%PE26.3x

Latest News

NCC B
SEK 225.60
NCC
7D
15.5%
1Y
39.6%
ELTEL
SEK 9.44
Eltel
7D
6.5%
1Y
30.0%
SWEC B
SEK 167.50
Sweco
7D
3.1%
1Y
-0.7%

Operational Efficiency And Acquisitions Will Drive Future Success

With no change in key valuation metrics such as the discount rate (6.44%) and future P/E (26.88x), analysts maintained Sweco’s consensus price target at SEK185.60. What's in the News Sweco, as part of a consortium, has secured a contract from Deutsche Bahn to oversee construction supervision for a major S-Bahn infrastructure expansion in Munich.
SKA B
SEK 241.00
Skanska
7D
4.5%
1Y
17.4%

Record Backlog And Sustainable Projects Will Power US And European Infrastructure Expansion

With no change in key metrics such as the discount rate (6.60%) and future P/E (14.27x), the consensus analyst price target for Skanska remains steady at SEK254.25. What's in the News Skanska secured several large contracts across the US and Europe, including infrastructure (Verrazzano-Narrows Bridge main cable dehumidification, A47 Thickthorn junction upgrade, Rourke Bridge replacement), education and health (new Durham Tech health sciences building, Pacific Middle School replacement, Virginia Tech College of Engineering, Gjesdal Health Center, new nursing home in Oslo), and transport (Long Bridge North project, Wroclaw bypass).
TERNOR
SEK 28.50
Terranor Group
7D
18.8%
1Y
n/a
PEAB B
SEK 77.85
Peab
7D
6.4%
1Y
1.1%

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
INSTAL
SEK 26.64
Instalco
7D
8.6%
1Y
-42.8%

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.
TRAIN B
SEK 18.60
Train Alliance
7D
-4.1%
1Y
-1.6%
QBEN
SEK 11.10
Qben Infra
7D
8.8%
1Y
n/a
DOXA
SEK 0.48
Doxa
7D
-3.4%
1Y
-55.3%
VESTUM
SEK 8.09
Vestum
7D
-4.8%
1Y
-18.0%