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Swedish (OMX) Construction and Engineering Industry Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies18
  • 7D1.5%
  • 3M4.6%
  • 1Y8.6%
  • YTDn/a

Over the last 7 days, the Construction and Engineering industry has remained flat. The past year has been better, since the industry has gained 8.1% in that time. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 Jan 2026SEK 241.1bSEK 389.2bSEK 11.3b18.6x21.3x0.6x
Sun, 14 Dec 2025SEK 227.4bSEK 389.4bSEK 11.3b18.1x20.1x0.6x
Tue, 11 Nov 2025SEK 225.3bSEK 389.0bSEK 11.3b18x19.9x0.6x
Thu, 09 Oct 2025SEK 236.0bSEK 390.9bSEK 10.8b17.7x21.8x0.6x
Sat, 06 Sep 2025SEK 219.5bSEK 390.9bSEK 10.8b15.4x20.3x0.6x
Mon, 04 Aug 2025SEK 191.2bSEK 331.2bSEK 9.2b16.7x20.7x0.6x
Wed, 02 Jul 2025SEK 213.5bSEK 389.1bSEK 11.4b17.1x18.7x0.5x
Fri, 30 May 2025SEK 221.8bSEK 388.8bSEK 11.4b17.8x19.4x0.6x
Sun, 27 Apr 2025SEK 218.3bSEK 380.1bSEK 10.3b16x21.1x0.6x
Tue, 25 Mar 2025SEK 234.5bSEK 378.2bSEK 10.4b20.2x22.5x0.6x
Thu, 20 Feb 2025SEK 244.9bSEK 378.2bSEK 10.7b22.9x22.8x0.6x
Sat, 18 Jan 2025SEK 221.2bSEK 370.6bSEK 8.8b17.9x25.2x0.6x
Mon, 16 Dec 2024SEK 227.1bSEK 370.7bSEK 8.8b19.8x25.9x0.6x
Wed, 13 Nov 2024SEK 219.7bSEK 371.0bSEK 9.9b16.7x22.1x0.6x
Fri, 11 Oct 2024SEK 218.5bSEK 367.8bSEK 9.6b18.5x22.6x0.6x
Sun, 08 Sep 2024SEK 223.6bSEK 375.2bSEK 10.1b18.7x22.1x0.6x
Tue, 06 Aug 2024SEK 220.1bSEK 377.3bSEK 11.0b25.2x20.1x0.6x
Thu, 04 Jul 2024SEK 211.0bSEK 371.8bSEK 11.9b18.7x17.7x0.6x
Sat, 01 Jun 2024SEK 204.6bSEK 368.5bSEK 11.8b18.4x17.3x0.6x
Mon, 29 Apr 2024SEK 186.7bSEK 370.9bSEK 12.5b15.7x14.9x0.5x
Wed, 27 Mar 2024SEK 196.5bSEK 371.3bSEK 13.1b15.1x15x0.5x
Fri, 23 Feb 2024SEK 184.2bSEK 371.3bSEK 13.1b14.6x14x0.5x
Sun, 21 Jan 2024SEK 177.6bSEK 378.0bSEK 15.1b10.7x11.8x0.5x
Tue, 19 Dec 2023SEK 189.2bSEK 377.8bSEK 15.1b11.2x12.6x0.5x
Thu, 16 Nov 2023SEK 170.9bSEK 378.0bSEK 15.1b9.6x11.4x0.5x
Sat, 14 Oct 2023SEK 166.7bSEK 378.3bSEK 15.6b8.9x10.7x0.4x
Mon, 11 Sep 2023SEK 164.7bSEK 378.5bSEK 15.6b10.6x10.6x0.4x
Wed, 09 Aug 2023SEK 173.1bSEK 376.7bSEK 15.3b14.3x11.3x0.5x
Fri, 07 Jul 2023SEK 173.8bSEK 374.6bSEK 14.6b14.6x11.9x0.5x
Sun, 04 Jun 2023SEK 181.0bSEK 374.3bSEK 14.6b16.1x12.4x0.5x
Tue, 02 May 2023SEK 199.1bSEK 368.5bSEK 15.0b15.6x13.3x0.5x
Thu, 30 Mar 2023SEK 185.2bSEK 366.3bSEK 14.7b17.8x12.6x0.5x
Sat, 25 Feb 2023SEK 202.3bSEK 366.2bSEK 14.7b19x13.7x0.6x
Mon, 23 Jan 2023SEK 203.3bSEK 361.5bSEK 14.2b18.3x14.3x0.6x
Price to Earnings Ratio

14.3x


Total Market Cap: SEK 203.3bTotal Earnings: SEK 14.2bTotal Revenue: SEK 361.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Construction and Engineering Industry Price to Earnings3Y Average 17.4x202420252026
Current Industry PE
  • Investors are optimistic on the Swedish Construction and Engineering industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 21.1x which is higher than its 3-year average PE of 17.4x.
  • 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 and Engineering 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 Comparison

How does Swedish Construction and Engineering compare with similar industries?

SE Market2.61%
Industrials3.60%
Construction1.50%
Construction and Engineering1.50%
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 274.302.5%
+SEK 2.7b		18.0%PE18.3x
SWEC B SwecoSEK 149.500.9%
+SEK 504.9m		-11.9%PE25x
PEAB B PeabSEK 89.301.0%
+SEK 256.8m		15.7%PE15.5x
INSTAL InstalcoSEK 26.960.8%
+SEK 59.1m		-16.3%PE27.8x
NORB B Nordisk BergteknikSEK 13.956.5%
+SEK 48.7m		12.5%PE33.5x

Latest News

NYAB
SEK 6.05
Nyab
7D
-0.3%
1Y
20.5%
SWEC B
SEK 149.50
Sweco
7D
0.9%
1Y
-11.9%

SWEC B: Long Dated Infrastructure Contracts Will Support Future Earnings

Analysts have adjusted their price target on Sweco from SEK 197 to SEK 190, citing updated assumptions related to discount rates, revenue growth, profit margins and future P/E levels. What's in the News Sweco secured a three year framework agreement with Vattenfall worth an estimated SEK 600 million to provide technical consulting across wind, hydropower, nuclear, thermal power and related energy services, with options to extend for up to two additional years and a focus on supporting Vattenfall's 2040 net zero target (Client Announcements).
PEAB B
SEK 89.30
Peab
7D
1.0%
1Y
15.7%

These 4 Measures Indicate That Peab (STO:PEAB B) Is Using Debt Reasonably Well

Jan 11
These 4 Measures Indicate That Peab (STO:PEAB B) Is Using Debt Reasonably Well
FG
SEK 30.65
Fasadgruppen Group
7D
-1.9%
1Y
-22.3%

FG: Stable Assumptions And Discounted Earnings Will Support Future Share Upside

Analysts have maintained their price target for Fasadgruppen Group at SEK 43, reflecting unchanged assumptions on fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News The buyback program from April 1, 2025 to June 30, 2025 shows 0 shares repurchased for SEK 0 million.
NCC B
SEK 228.20
NCC
7D
0.09%
1Y
42.6%

NCC B: New Nordic Contracts And CFO Transition Will Support Steady Outlook

Analysts have slightly reduced their price target on NCC to reflect updated assumptions for the discount rate, revenue growth, profit margin and future P/E, while keeping fair value broadly in line at $227.50. What's in the News NCC has been commissioned by Surahammar Municipality to construct a new school using existing construction documents from a previous project in Norrkoping, through a turnkey contract valued at approximately SEK 175 million (Client announcement).
NETEL
SEK 4.51
Netel Holding
7D
-11.2%
1Y
-69.8%

NETEL: Unchanged Fair Value And 2025 Outlook Will Restrain Upside Potential

Analysts have maintained their fair value estimate for Netel Holding at SEK 4.50 per share, citing unchanged assumptions around the discount rate, revenue growth, profit margin and future P/E multiples. They view this as consistent with their current outlook on the business.
SKA B
SEK 274.30
Skanska
7D
2.5%
1Y
18.0%

SKA B: Fair Outlook Will Rely On Execution In Major Infrastructure Projects

Analysts have nudged their fair value estimate for Skanska to SEK 295 from SEK 285, citing updated assumptions on revenue growth, profit margins and a more conservative future P/E multiple that aligns with recent Street target moves, such as the shift to SEK 270. Analyst Commentary Recent Street commentary around Skanska has tilted more constructive, with price targets moving higher and fair value work edging up in tandem.
BYGGP
SEK 42.30
ByggPartner Gruppen
7D
2.4%
1Y
203.2%
INSTAL
SEK 26.96
Instalco
7D
0.8%
1Y
-16.3%

INSTAL: Higher Margin Assumptions Will Support A Stronger Future Repricing

Analysts have trimmed their price target on Instalco from SEK45 to SEK40 as they factor in a slightly higher discount rate, a lower assumed revenue growth rate, a higher profit margin, and a reduced future P/E multiple. Valuation Changes Fair Value: Trimmed from SEK45 to SEK40, indicating a SEK5 reduction in the derived price level.
NORB B
SEK 13.95
Nordisk Bergteknik
7D
6.5%
1Y
12.5%
TERNOR
SEK 28.25
Terranor Group
7D
-2.4%
1Y
n/a
ELTEL
SEK 9.28
Eltel
7D
1.5%
1Y
42.8%
TRAIN B
SEK 19.80
Train Alliance
7D
-1.0%
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)
DOXA
SEK 0.43
Doxa
7D
-2.0%
1Y
3.7%
SEHED B
SEK 21.60
SEHED Byggmästargruppen
7D
-5.3%
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)