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Swedish (OMX) Construction Industry Analysis

UpdatedApr 26, 2026
DataAggregated Company Financials
Companies18
  • 7D-4.9%
  • 3M-2.0%
  • 1Y5.6%
  • YTD-0.3%

Over the last 7 days, the Construction industry has dropped 4.9%, driven by a pullback from Skanska of 4.7%. Over the past 12 months, the industry was up 5.6%. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Apr 2026SEK 231.6bSEK 381.4bSEK 9.4b20.1x24.5x0.6x
Tue, 24 Mar 2026SEK 220.4bSEK 381.2bSEK 9.4b19.5x23.4x0.6x
Thu, 19 Feb 2026SEK 241.8bSEK 380.6bSEK 8.4b24x28.8x0.6x
Sat, 17 Jan 2026SEK 242.6bSEK 389.2bSEK 11.3b18.7x21.4x0.6x
Mon, 15 Dec 2025SEK 227.4bSEK 389.4bSEK 11.3b18.1x20.1x0.6x
Wed, 12 Nov 2025SEK 226.7bSEK 388.9bSEK 11.3b17.4x20x0.6x
Fri, 10 Oct 2025SEK 236.6bSEK 391.0bSEK 10.8b17.8x21.9x0.6x
Sun, 07 Sep 2025SEK 219.5bSEK 390.9bSEK 10.8b15.4x20.3x0.6x
Tue, 05 Aug 2025SEK 191.9bSEK 331.2bSEK 9.2b16.8x20.8x0.6x
Thu, 03 Jul 2025SEK 214.9bSEK 389.2bSEK 11.4b16.8x18.8x0.6x
Sat, 31 May 2025SEK 219.4bSEK 388.8bSEK 11.4b18.1x19.2x0.6x
Mon, 28 Apr 2025SEK 218.3bSEK 380.1bSEK 10.3b16x21.1x0.6x
Wed, 26 Mar 2025SEK 235.7bSEK 378.2bSEK 10.4b20.3x22.6x0.6x
Fri, 21 Feb 2025SEK 241.6bSEK 378.1bSEK 10.7b23.9x22.5x0.6x
Sun, 19 Jan 2025SEK 221.2bSEK 370.6bSEK 8.8b17.9x25.2x0.6x
Tue, 17 Dec 2024SEK 225.9bSEK 370.6bSEK 8.8b19.9x25.8x0.6x
Thu, 14 Nov 2024SEK 216.4bSEK 371.0bSEK 9.9b16.5x21.8x0.6x
Sat, 12 Oct 2024SEK 219.4bSEK 367.7bSEK 9.7b18.6x22.7x0.6x
Mon, 09 Sep 2024SEK 223.6bSEK 375.2bSEK 10.1b18.7x22.1x0.6x
Wed, 07 Aug 2024SEK 219.9bSEK 377.2bSEK 11.0b25.1x20.1x0.6x
Fri, 05 Jul 2024SEK 212.1bSEK 371.9bSEK 11.9b18.7x17.8x0.6x
Sun, 02 Jun 2024SEK 204.6bSEK 368.5bSEK 11.8b18.4x17.3x0.6x
Tue, 30 Apr 2024SEK 189.7bSEK 370.9bSEK 12.5b15.8x15.1x0.5x
Thu, 28 Mar 2024SEK 198.4bSEK 371.3bSEK 13.1b15.2x15.1x0.5x
Sat, 24 Feb 2024SEK 184.6bSEK 371.2bSEK 13.1b14.1x14x0.5x
Mon, 22 Jan 2024SEK 177.6bSEK 378.0bSEK 15.1b10.7x11.8x0.5x
Wed, 20 Dec 2023SEK 189.6bSEK 377.8bSEK 15.1b11.8x12.6x0.5x
Fri, 17 Nov 2023SEK 170.9bSEK 378.0bSEK 15.1b9.1x11.4x0.5x
Sun, 15 Oct 2023SEK 166.7bSEK 378.3bSEK 15.6b8.9x10.7x0.4x
Tue, 12 Sep 2023SEK 167.3bSEK 378.5bSEK 15.6b10.5x10.8x0.4x
Thu, 10 Aug 2023SEK 174.0bSEK 376.7bSEK 15.3b14.1x11.4x0.5x
Sat, 08 Jul 2023SEK 175.9bSEK 374.6bSEK 14.6b14.9x12.1x0.5x
Mon, 05 Jun 2023SEK 180.2bSEK 374.3bSEK 14.6b16.1x12.3x0.5x
Wed, 03 May 2023SEK 195.2bSEK 368.6bSEK 15.0b15.3x13x0.5x
Price to Earnings Ratio

13x


Total Market Cap: SEK 195.2bTotal Earnings: SEK 15.0bTotal Revenue: SEK 368.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Construction Industry Price to Earnings3Y Average 18.4x202420252026
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 24.5x which is higher than its 3-year average PE of 18.4x.
  • 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 14% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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-3.19%
Industrials-3.13%
Construction-4.94%
Construction and Engineering-4.94%
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
VESTUM VestumSEK 10.182.7%
+SEK 101.5m		-8.6%PS1x
SEHED B SEHED ByggmästargruppenSEK 28.009.8%
+SEK 70.2m		40.4%PE10.5x
EOLU B Eolus AktiebolagSEK 40.455.8%
+SEK 54.8m		-19.4%PS0.3x
BYGGP ByggPartner GruppenSEK 44.201.1%
+SEK 22.7m		133.2%PE13.7x
TERNOR Terranor GroupSEK 23.501.7%
+SEK 8.0m		n/aPS0.1x

Latest News

SKA B
SEK 250.70
Skanska
7D
-4.7%
1Y
16.1%

SKA B: New Contracts And Payouts Will Support Future Execution Risk

Analysts have increased their SEK price target for Skanska by roughly SEK 3 to reflect updated assumptions for fair value, discount rate, revenue growth, profit margins and future P/E, supported by recent bullish initiation and a SEK 1 target move in Street research. Analyst Commentary Bullish analysts are using the recent research to firm up their view of Skanska's valuation, focusing on what they see as support for current assumptions on fair value, discount rate, revenue growth, profit margins and the P/E multiple applied.
TERNOR
SEK 23.50
Terranor Group
7D
1.7%
1Y
n/a
BYGGP
SEK 44.20
ByggPartner Gruppen
7D
1.1%
1Y
133.2%
FG
SEK 20.25
Fasadgruppen Group
7D
-6.3%
1Y
3.5%

FG: Rights Issue Completion Will Support Future Upside At Shareholder Meeting

Analysts have kept their SEK 27.0 price target for Fasadgruppen Group unchanged, citing updated assumptions that combine a slightly different revenue growth outlook with a modest adjustment in expected profit margins and future P/E levels. What's in the News Fasadgruppen Group completed a follow on equity offering of common shares, raising SEK 503.6m through a rights offering of 33,573,670 shares at SEK 15 per share (Key Developments).
PEAB B
SEK 96.80
Peab
7D
-4.0%
1Y
24.5%
SWEC B
SEK 140.80
Sweco
7D
-7.0%
1Y
-20.3%
NYAB
SEK 6.15
Nyab
7D
-4.5%
1Y
15.8%
DOXA
SEK 0.45
Doxa
7D
1.2%
1Y
35.6%
INSTAL
SEK 35.92
Instalco
7D
-6.0%
1Y
13.2%

INSTAL: New Leadership And Dividend Policy Will Support Measured Future Repricing

Analysts have adjusted their price target on Instalco from SEK 33 to SEK 38, citing updated assumptions for the discount rate, revenue growth, profit margins, and future P/E multiples in their valuation work. What's in the News Instalco appointed founder Per Sjöstrand as permanent CEO on March 19, 2026, after he had been acting President and CEO since August 1, 2025 (Key Developments).
NCC B
SEK 217.00
NCC
7D
-5.3%
1Y
13.8%
NETEL
SEK 3.65
Netel Holding
7D
-15.6%
1Y
-63.4%
VESTUM
SEK 10.18
Vestum
7D
2.7%
1Y
-8.6%
EOLU B
SEK 40.45
Eolus Aktiebolag
7D
5.8%
1Y
-19.4%
SEHED B
SEK 28.00
SEHED Byggmästargruppen
7D
9.8%
1Y
40.4%

Under The Bonnet, SEHED Byggmästargruppen's (NGM:SEHED B) Returns Look Impressive

Feb 15
Under The Bonnet, SEHED Byggmästargruppen's (NGM:SEHED B) Returns Look Impressive