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Swedish (OMX) Construction Industry Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies18
  • 7D-2.8%
  • 3M-0.7%
  • 1Y2.4%
  • YTD-1.8%

Over the last 7 days, the Construction industry has dropped 3.2%, driven by a pullback from Skanska of 3.8%. In contrast, ByggPartner Gruppen has gained 13%. As for the longer term, the industry's performance has been flat for 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
Mon, 24 Nov 2025SEK 221.0bSEK 389.6bSEK 11.3b19.9x19.6x0.6x
Wed, 22 Oct 2025SEK 231.6bSEK 390.8bSEK 10.8b17.5x21.4x0.6x
Fri, 19 Sep 2025SEK 228.7bSEK 390.9bSEK 10.8b15.9x21.2x0.6x
Sun, 17 Aug 2025SEK 203.9bSEK 332.0bSEK 9.2b17.3x22x0.6x
Tue, 15 Jul 2025SEK 217.0bSEK 391.9bSEK 11.4b15.7x19x0.6x
Thu, 12 Jun 2025SEK 220.9bSEK 388.9bSEK 11.4b18.1x19.4x0.6x
Sat, 10 May 2025SEK 219.4bSEK 386.9bSEK 11.0b17.5x20x0.6x
Mon, 07 Apr 2025SEK 208.1bSEK 378.3bSEK 10.4b17.5x20x0.6x
Wed, 05 Mar 2025SEK 233.2bSEK 378.5bSEK 10.8b18.4x21.5x0.6x
Fri, 31 Jan 2025SEK 224.2bSEK 370.6bSEK 8.8b19.4x25.6x0.6x
Sun, 29 Dec 2024SEK 219.3bSEK 370.6bSEK 8.8b19.5x25x0.6x
Tue, 26 Nov 2024SEK 213.1bSEK 370.6bSEK 9.8b18.7x21.9x0.6x
Thu, 24 Oct 2024SEK 213.9bSEK 367.8bSEK 9.6b17.9x22.2x0.6x
Sat, 21 Sep 2024SEK 233.7bSEK 375.1bSEK 10.1b19.7x23.1x0.6x
Mon, 19 Aug 2024SEK 227.6bSEK 377.1bSEK 10.8b21.5x21x0.6x
Wed, 17 Jul 2024SEK 230.6bSEK 372.1bSEK 11.9b20.5x19.3x0.6x
Fri, 14 Jun 2024SEK 209.7bSEK 368.4bSEK 11.8b18.4x17.8x0.6x
Sun, 12 May 2024SEK 191.4bSEK 368.4bSEK 11.7b16.8x16.4x0.5x
Tue, 09 Apr 2024SEK 196.3bSEK 371.3bSEK 13.1b16x15x0.5x
Thu, 07 Mar 2024SEK 186.6bSEK 371.1bSEK 13.1b13.5x14.2x0.5x
Sat, 03 Feb 2024SEK 185.3bSEK 377.7bSEK 14.7b12.3x12.6x0.5x
Mon, 01 Jan 2024SEK 193.9bSEK 377.8bSEK 15.1b12.5x12.9x0.5x
Wed, 29 Nov 2023SEK 173.9bSEK 378.0bSEK 15.1b10.4x11.5x0.5x
Fri, 27 Oct 2023SEK 154.5bSEK 378.5bSEK 16.4b8.2x9.4x0.4x
Sun, 24 Sep 2023SEK 170.3bSEK 378.5bSEK 15.6b10.3x10.9x0.4x
Tue, 22 Aug 2023SEK 167.1bSEK 376.9bSEK 15.3b13.8x11x0.4x
Thu, 20 Jul 2023SEK 180.2bSEK 376.2bSEK 15.2b15.3x11.8x0.5x
Sat, 17 Jun 2023SEK 176.4bSEK 374.4bSEK 14.6b15.5x12.1x0.5x
Mon, 15 May 2023SEK 184.6bSEK 373.5bSEK 14.9b16.9x12.4x0.5x
Wed, 12 Apr 2023SEK 195.3bSEK 366.5bSEK 14.7b17.7x13.3x0.5x
Fri, 10 Mar 2023SEK 202.3bSEK 366.4bSEK 14.8b18.6x13.7x0.6x
Sun, 05 Feb 2023SEK 208.7bSEK 361.7bSEK 14.1b19.4x14.8x0.6x
Tue, 03 Jan 2023SEK 191.0bSEK 361.5bSEK 14.2b19.2x13.4x0.5x
Thu, 01 Dec 2022SEK 188.6bSEK 361.3bSEK 14.2b17.6x13.2x0.5x
Price to Earnings Ratio

13.2x


Total Market Cap: SEK 188.6bTotal Earnings: SEK 14.2bTotal Revenue: SEK 361.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Construction Industry Price to Earnings3Y Average 17.1x202320242025
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 19.6x which is higher than its 3-year average PE of 17.1x.
  • 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 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-1.78%
Industrials-1.72%
Construction-2.79%
Construction and Engineering-2.79%
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 42.006.3%
+SEK 113.4m		160.1%PE19.9x
VESTUM VestumSEK 8.193.1%
+SEK 94.0m		-20.9%PS0.8x
NORB B Nordisk BergteknikSEK 14.904.9%
+SEK 40.1m		18.3%PE35.8x
TRAIN B Train AllianceSEK 19.402.1%
+SEK 35.0m		2.9%PE44.7x
ELTEL EltelSEK 8.741.4%
+SEK 18.8m		32.4%PE1245.9x

Latest News

VESTUM
SEK 8.19
Vestum
7D
3.1%
1Y
-20.9%
EOLU B
SEK 35.80
Eolus Aktiebolag
7D
-13.3%
1Y
-21.9%
SKA B
SEK 239.70
Skanska
7D
-3.8%
1Y
8.1%

SKA B: Major Project Pipeline Will Strengthen Performance And Margins Ahead

Narrative Update on Skanska: Analyst Price Target Change Analysts have raised Skanska's price target to SEK 270 from SEK 252, citing improved revenue growth and profit margin forecasts. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the improved price target reflects confidence in Skanska's stronger revenue growth trajectory.
BYGGP
SEK 42.00
ByggPartner Gruppen
7D
6.3%
1Y
160.1%

Statutory Profit Doesn't Reflect How Good ByggPartner Gruppen's (STO:BYGGP) Earnings Are

Nov 21
Statutory Profit Doesn't Reflect How Good ByggPartner Gruppen's (STO:BYGGP) Earnings Are
NORB B
SEK 14.90
Nordisk Bergteknik
7D
4.9%
1Y
18.3%
NCC B
SEK 206.60
NCC
7D
-2.1%
1Y
27.8%

NCC B: Project Pipeline and Stable Metrics Will Support Steady Performance

Analysts have slightly raised their price target for NCC to $227.50. They cite minor shifts in discount rate and future earnings expectations while maintaining previous assessments of fair value and growth.
SWEC B
SEK 155.60
Sweco
7D
-2.5%
1Y
-2.5%

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 24.50
Fasadgruppen Group
7D
-5.4%
1Y
-39.3%

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.
ELTEL
SEK 8.74
Eltel
7D
1.4%
1Y
32.4%
TRAIN B
SEK 19.40
Train Alliance
7D
2.1%
1Y
2.9%

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)
NYAB
SEK 5.83
Nyab
7D
-3.2%
1Y
8.2%

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 75.65
Peab
7D
-1.8%
1Y
-7.7%

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
INSTAL
SEK 22.42
Instalco
7D
0.2%
1Y
-28.8%
SEHED B
SEK 20.30
SEHED Byggmästargruppen
7D
-7.3%
1Y
n/a

Solid Earnings May Not Tell The Whole Story For SEHED Byggmästargruppen (NGM:SEHED B)

Aug 29
Solid Earnings May Not Tell The Whole Story For SEHED Byggmästargruppen (NGM:SEHED B)