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Swedish (OMX) Construction Industry Analysis

UpdatedJun 10, 2026
DataAggregated Company Financials
Companies16
  • 7D-3.1%
  • 3M-7.6%
  • 1Y-3.0%
  • YTD-6.8%

Over the last 7 days, the Construction industry has dropped 3.1%, driven by Skanska declining 3.8%. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 11 Jun 2026SEK 215.5bSEK 374.6bSEK 9.6b17.9x22.5x0.6x
Sat, 09 May 2026SEK 224.6bSEK 376.2bSEK 9.6b17.9x23.4x0.6x
Mon, 06 Apr 2026SEK 220.5bSEK 381.3bSEK 9.4b20x23.4x0.6x
Wed, 04 Mar 2026SEK 236.6bSEK 381.0bSEK 8.4b21.3x28.1x0.6x
Fri, 30 Jan 2026SEK 237.1bSEK 389.0bSEK 11.3b18.4x21x0.6x
Sun, 28 Dec 2025SEK 228.2bSEK 389.3bSEK 11.3b18.3x20.2x0.6x
Tue, 25 Nov 2025SEK 224.4bSEK 389.6bSEK 11.3b20.6x19.9x0.6x
Thu, 23 Oct 2025SEK 231.5bSEK 390.8bSEK 10.8b17.4x21.4x0.6x
Sat, 20 Sep 2025SEK 226.0bSEK 391.0bSEK 10.8b16x20.9x0.6x
Mon, 18 Aug 2025SEK 203.9bSEK 332.0bSEK 9.2b17.3x22x0.6x
Wed, 16 Jul 2025SEK 217.3bSEK 392.0bSEK 11.4b15.9x19x0.6x
Fri, 13 Jun 2025SEK 220.9bSEK 388.9bSEK 11.4b17.8x19.4x0.6x
Sun, 11 May 2025SEK 219.4bSEK 386.9bSEK 11.0b17.5x20x0.6x
Tue, 08 Apr 2025SEK 197.9bSEK 378.3bSEK 10.4b17.1x19x0.5x
Thu, 06 Mar 2025SEK 239.4bSEK 378.4bSEK 10.8b19.2x22.1x0.6x
Sat, 01 Feb 2025SEK 226.3bSEK 370.6bSEK 8.8b19.1x25.8x0.6x
Mon, 30 Dec 2024SEK 219.3bSEK 370.6bSEK 8.8b19.5x25x0.6x
Wed, 27 Nov 2024SEK 210.5bSEK 370.7bSEK 9.8b18.4x21.6x0.6x
Fri, 25 Oct 2024SEK 213.5bSEK 367.8bSEK 9.6b18.5x22.1x0.6x
Sun, 22 Sep 2024SEK 233.7bSEK 375.1bSEK 10.1b19.7x23.1x0.6x
Tue, 20 Aug 2024SEK 228.9bSEK 377.1bSEK 10.8b21.6x21.2x0.6x
Thu, 18 Jul 2024SEK 230.3bSEK 374.4bSEK 11.6b20.4x19.9x0.6x
Sat, 15 Jun 2024SEK 204.6bSEK 368.4bSEK 11.8b18.4x17.3x0.6x
Mon, 13 May 2024SEK 191.4bSEK 368.4bSEK 11.7b16.8x16.4x0.5x
Wed, 10 Apr 2024SEK 192.9bSEK 371.3bSEK 13.1b15.9x14.7x0.5x
Fri, 08 Mar 2024SEK 187.4bSEK 371.1bSEK 13.1b13.4x14.3x0.5x
Sun, 04 Feb 2024SEK 185.3bSEK 377.7bSEK 14.7b12.3x12.6x0.5x
Tue, 02 Jan 2024SEK 193.9bSEK 377.8bSEK 15.1b12.5x12.9x0.5x
Thu, 30 Nov 2023SEK 177.2bSEK 378.0bSEK 15.1b10.5x11.8x0.5x
Sat, 28 Oct 2023SEK 158.1bSEK 379.0bSEK 16.4b8.3x9.6x0.4x
Mon, 25 Sep 2023SEK 170.3bSEK 378.5bSEK 15.6b10.3x10.9x0.4x
Wed, 23 Aug 2023SEK 164.8bSEK 376.9bSEK 15.3b13.7x10.8x0.4x
Fri, 21 Jul 2023SEK 180.7bSEK 376.2bSEK 15.2b15.3x11.9x0.5x
Sun, 18 Jun 2023SEK 176.4bSEK 374.4bSEK 14.6b15.5x12.1x0.5x
Price to Earnings Ratio

12.1x


Total Market Cap: SEK 176.4bTotal Earnings: SEK 14.6bTotal Revenue: SEK 374.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Construction Industry Price to Earnings3Y Average 18.8x202420252026
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 22.5x which is higher than its 3-year average PE of 18.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.56x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have declined 13% 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-2.10%
Industrials-1.63%
Construction-3.12%
Construction and Engineering-3.12%
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
INSTAL InstalcoSEK 39.163.9%
+SEK 397.3m		58.4%PE27.5x
ELTEL EltelSEK 12.255.2%
+SEK 94.0m		36.1%PE76.1x
VESTUM VestumSEK 12.521.1%
+SEK 52.6m		17.7%PS1.3x
NYAB NyabSEK 5.701.2%
+SEK 49.8m		-1.7%PE16.2x
FG Fasadgruppen GroupSEK 20.450.7%
+SEK 13.1m		-37.8%PS0.3x

Latest News

SKA B
SEK 236.00
Skanska
7D
-3.8%
1Y
1.6%
QBEN
SEK 8.10
Qben Infra
7D
-8.6%
1Y
-28.9%
INSTAL
SEK 39.16
Instalco
7D
3.9%
1Y
58.4%
Narrative Update • Jun 09

INSTAL: Leadership Continuity Will Support Repricing Toward Refreshed SEK 42 Fair Value

Instalco's analyst price target has been reaffirmed at SEK 42.0. Analysts cited updated assumptions for the discount rate, revenue growth, profit margin and future P/E as the key drivers behind the refreshed valuation work. What's in the News Instalco AB (publ) resolved on March 19, 2026 to appoint founder Per Sjöstrand as permanent CEO, formalizing his move from acting President and CEO to the top role.
FG
SEK 20.45
Fasadgruppen Group
7D
0.7%
1Y
-37.8%
Narrative Update • Jun 07

FG: Rights Issue And Lock Up Will Support Future Upside

Analysts have kept their SEK 25.0 price target for Fasadgruppen Group unchanged, citing only small adjustments to revenue growth, profit margin and future P/E assumptions. What's in the News Fasadgruppen Group AB (publ) has completed a follow on equity offering of common shares, raising SEK 503.60505 million through a rights issue of 33,573,670 shares at SEK 15 per share.
NYAB
SEK 5.70
Nyab
7D
1.2%
1Y
-1.7%
NCC B
SEK 182.30
NCC
7D
-1.6%
1Y
-4.0%
Narrative Update • Jun 05

NCC B: Extra Dividend And Nordic Project Wins Will Support Upside

Analysts have kept the NCC price target steady at SEK220, citing slightly adjusted assumptions for the discount rate, revenue growth, profit margin and future P/E as the main drivers of the unchanged view. What's in the News NCC has been contracted by Sydvatten AB to build a fully equipped pumping station with backup power at the Ringsjöverket waterworks in Skåne, Sweden.
NORB B
SEK 11.65
Nordisk Bergteknik
7D
-1.7%
1Y
7.4%
SWEC B
SEK 131.00
Sweco
7D
-1.5%
1Y
-19.6%
Narrative Update • Jun 04

SWEC B: Nordic Infrastructure Contracts And Dividend Will Support Future Upside

Analysts have maintained Sweco's fair value estimate at SEK182.0 per share, with slightly updated assumptions for discount rate, revenue growth, profit margin and future P/E multiples guiding the refreshed price target narrative. What's in the News Sweco secured a framework agreement with the Norwegian Water Resources and Energy Directorate to deliver consulting services for flood and erosion protection measures across Norway, with an estimated order value of SEK 140 million for 2026 to 2027 and options for two additional one year extensions.
BYGGP
SEK 44.50
ByggPartner Gruppen
7D
-5.3%
1Y
88.6%
ELTEL
SEK 12.25
Eltel
7D
5.2%
1Y
36.1%
VESTUM
SEK 12.52
Vestum
7D
1.1%
1Y
17.7%
PEAB B
SEK 86.25
Peab
7D
-1.0%
1Y
6.8%
SEHED B
SEK 26.60
SEHED Byggmästargruppen
7D
-1.5%
1Y
22.6%
Analysis Article • Feb 15

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

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...