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Swedish (OMX) Construction Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies18
  • 7D2.2%
  • 3M1.1%
  • 1Y5.2%
  • YTD1.4%

In the last week, the Construction industry is up 2.2%, with Skanska up 3.1%. During this same period, the Vestum underperformed, falling 5.4%. This means that the industry has gained 5.2% over the past year. 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
Sat, 15 Nov 2025SEK 229.0bSEK 389.2bSEK 11.3b23.7x20.3x0.6x
Mon, 13 Oct 2025SEK 234.4bSEK 391.0bSEK 10.8b17.7x21.7x0.6x
Wed, 10 Sep 2025SEK 224.4bSEK 390.9bSEK 10.8b15.7x20.8x0.6x
Fri, 08 Aug 2025SEK 198.2bSEK 331.2bSEK 9.2b15.8x21.5x0.6x
Sun, 06 Jul 2025SEK 215.9bSEK 392.4bSEK 11.5b15.9x18.8x0.6x
Tue, 03 Jun 2025SEK 220.3bSEK 388.8bSEK 11.4b18.1x19.3x0.6x
Thu, 01 May 2025SEK 217.4bSEK 380.3bSEK 10.4b16.6x21x0.6x
Sat, 29 Mar 2025SEK 225.5bSEK 378.1bSEK 10.4b19.1x21.6x0.6x
Mon, 24 Feb 2025SEK 239.1bSEK 378.1bSEK 10.8b23.9x22.2x0.6x
Wed, 22 Jan 2025SEK 223.5bSEK 370.6bSEK 8.8b19.1x25.5x0.6x
Fri, 20 Dec 2024SEK 217.3bSEK 370.6bSEK 8.8b19.3x24.8x0.6x
Sun, 17 Nov 2024SEK 214.2bSEK 370.8bSEK 9.9b17.4x21.6x0.6x
Tue, 15 Oct 2024SEK 219.4bSEK 367.7bSEK 9.7b18.6x22.7x0.6x
Thu, 12 Sep 2024SEK 225.5bSEK 375.2bSEK 10.1b18.1x22.3x0.6x
Sat, 10 Aug 2024SEK 226.9bSEK 377.2bSEK 11.0b26.3x20.7x0.6x
Mon, 08 Jul 2024SEK 212.2bSEK 371.9bSEK 11.9b19.3x17.8x0.6x
Wed, 05 Jun 2024SEK 203.6bSEK 368.4bSEK 11.8b18.5x17.2x0.6x
Fri, 03 May 2024SEK 188.4bSEK 370.7bSEK 12.2b15.9x15.4x0.5x
Sun, 31 Mar 2024SEK 195.2bSEK 371.4bSEK 13.1b15.6x14.9x0.5x
Tue, 27 Feb 2024SEK 184.4bSEK 371.2bSEK 13.1b14x14x0.5x
Thu, 25 Jan 2024SEK 184.4bSEK 378.0bSEK 15.1b11.6x12.2x0.5x
Sat, 23 Dec 2023SEK 191.9bSEK 377.7bSEK 15.1b12x12.7x0.5x
Mon, 20 Nov 2023SEK 173.7bSEK 378.1bSEK 15.1b9.7x11.5x0.5x
Wed, 18 Oct 2023SEK 164.3bSEK 378.2bSEK 15.6b8.9x10.5x0.4x
Fri, 15 Sep 2023SEK 169.0bSEK 378.5bSEK 15.6b10.2x10.9x0.4x
Sun, 13 Aug 2023SEK 174.7bSEK 376.8bSEK 15.3b14.1x11.4x0.5x
Tue, 11 Jul 2023SEK 174.8bSEK 374.6bSEK 14.6b14.8x12x0.5x
Thu, 08 Jun 2023SEK 181.9bSEK 374.4bSEK 14.6b16.4x12.5x0.5x
Sat, 06 May 2023SEK 189.3bSEK 371.8bSEK 14.5b15.6x13x0.5x
Mon, 03 Apr 2023SEK 190.3bSEK 366.3bSEK 14.7b18.9x12.9x0.5x
Wed, 01 Mar 2023SEK 204.8bSEK 366.3bSEK 14.8b18.5x13.9x0.6x
Fri, 27 Jan 2023SEK 203.0bSEK 361.5bSEK 14.2b18.9x14.3x0.6x
Sun, 25 Dec 2022SEK 189.0bSEK 361.5bSEK 14.2b19.1x13.3x0.5x
Tue, 22 Nov 2022SEK 191.9bSEK 357.4bSEK 14.2b18.9x13.5x0.5x
Price to Earnings Ratio

13.5x


Total Market Cap: SEK 191.9bTotal Earnings: SEK 14.2bTotal Revenue: SEK 357.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Construction Industry Price to Earnings3Y Average 17x202320242025
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 17.0x.
  • 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 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, which has decreased profits.

Industry Trends

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

SE Market0.73%
Industrials0.47%
Construction2.21%
Construction and Engineering2.21%
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 249.503.1%
+SEK 3.1b		11.9%PE16.7x
PEAB B PeabSEK 76.303.6%
+SEK 756.0m		-7.5%PE13.2x
NCC B NCCSEK 210.802.6%
+SEK 528.1m		30.8%PE13x
SWEC B SwecoSEK 162.000.4%
+SEK 216.4m		0%PE27x
NORB B Nordisk BergteknikSEK 15.5020.6%
+SEK 151.7m		12.0%PE37.3x

Latest News

NORB B
SEK 15.50
Nordisk Bergteknik
7D
20.6%
1Y
12.0%

Investors Appear Satisfied With Nordisk Bergteknik AB (publ)'s (STO:NORB B) Prospects As Shares Rocket 26%

Nov 14
Investors Appear Satisfied With Nordisk Bergteknik AB (publ)'s (STO:NORB B) Prospects As Shares Rocket 26%
NCC B
SEK 210.80
NCC
7D
2.6%
1Y
30.8%

Returns At NCC (STO:NCC B) Appear To Be Weighed Down

Nov 14
Returns At NCC (STO:NCC B) Appear To Be Weighed Down
SWEC B
SEK 162.00
Sweco
7D
0.4%
1Y
0%

SWEC B: Major Infrastructure Agreements Will Drive Long-Term Earnings Momentum

Analysts have raised their price target for Sweco from 189 SEK to 197 SEK. They cite improved projections for revenue growth and profit margins, despite a slightly higher discount rate and forward price-to-earnings expectations.
FG
SEK 26.90
Fasadgruppen Group
7D
9.8%
1Y
-33.3%

FG: Future Profit Margin Expansion Will Drive Shares Higher

Analysts have lowered the fair value estimate for Fasadgruppen Group from SEK 48 to SEK 43. They cite projections for slower revenue growth and updated discount rate assumptions as primary factors in their revised outlook.
TERNOR
SEK 26.60
Terranor Group
7D
-10.7%
1Y
n/a
SKA B
SEK 249.50
Skanska
7D
3.1%
1Y
11.9%

Skanska AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Nov 09
Skanska AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
TRAIN B
SEK 19.10
Train Alliance
7D
-1.0%
1Y
-1.0%

Weak Statutory Earnings May Not Tell The Whole Story For Train Alliance (STO:TRAIN B)

Nov 09
Weak Statutory Earnings May Not Tell The Whole Story For Train Alliance (STO:TRAIN B)
NETEL
SEK 3.90
Netel Holding
7D
-2.6%
1Y
-71.8%

NETEL: Profit Margin Gains Will Offset Weaker Revenue Next Year

Analysts have adjusted their price target for Netel Holding downward from SEK 6 to SEK 4.5. They cite slightly weaker projected revenue growth, which is partially offset by an improved profit margin outlook and a lower projected future P/E ratio. What's in the News Netel has entered into an agreement with Ellevio for the reconstruction and refurbishment of a distribution station on Lidingo, northeast of Stockholm, in a deal valued at approximately SEK 50 million.
NYAB
SEK 5.99
Nyab
7D
3.6%
1Y
13.2%

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 76.30
Peab
7D
3.6%
1Y
-7.5%

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
VESTUM
SEK 8.05
Vestum
7D
-5.4%
1Y
-22.6%
BYGGP
SEK 37.10
ByggPartner Gruppen
7D
7.2%
1Y
117.0%
QBEN
SEK 10.75
Qben Infra
7D
-0.5%
1Y
n/a