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Swedish (OMX) Construction and Engineering Industry Analysis

UpdatedApr 09, 2026
DataAggregated Company Financials
Companies18
  • 7D2.8%
  • 3M-3.0%
  • 1Y19.6%
  • YTDn/a

Over the last 7 days, the Construction and Engineering industry has dropped 2.0%, driven by a pullback from Skanska of 4.9%. Over the past 12 months, the industry was up 11%. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 Apr 2026SEK 230.1bSEK 381.3bSEK 9.4b20.7x24.4x0.6x
Sat, 07 Mar 2026SEK 236.1bSEK 380.9bSEK 9.4b21.4x25x0.6x
Mon, 02 Feb 2026SEK 238.0bSEK 389.0bSEK 11.3b18.5x21.1x0.6x
Wed, 31 Dec 2025SEK 230.6bSEK 389.3bSEK 11.3b18.4x20.4x0.6x
Fri, 28 Nov 2025SEK 226.5bSEK 389.6bSEK 11.3b17.7x20x0.6x
Sun, 26 Oct 2025SEK 235.8bSEK 390.3bSEK 10.9b17.8x21.7x0.6x
Tue, 23 Sep 2025SEK 223.3bSEK 391.0bSEK 10.8b15.8x20.7x0.6x
Thu, 21 Aug 2025SEK 204.8bSEK 332.0bSEK 9.2b17.2x22.1x0.6x
Sat, 19 Jul 2025SEK 193.6bSEK 330.2bSEK 9.2b17.1x21x0.6x
Mon, 16 Jun 2025SEK 219.0bSEK 388.9bSEK 11.4b16.8x19.2x0.6x
Wed, 14 May 2025SEK 224.5bSEK 386.8bSEK 11.0b16.4x20.4x0.6x
Fri, 11 Apr 2025SEK 199.7bSEK 378.3bSEK 10.4b17.3x19.2x0.5x
Sun, 09 Mar 2025SEK 239.2bSEK 378.3bSEK 12.0b19.4x19.9x0.6x
Tue, 04 Feb 2025SEK 226.3bSEK 370.6bSEK 8.8b19.3x25.8x0.6x
Thu, 02 Jan 2025SEK 220.2bSEK 370.6bSEK 8.8b19.6x25.1x0.6x
Sat, 30 Nov 2024SEK 216.4bSEK 370.7bSEK 9.8b19.1x22.2x0.6x
Mon, 28 Oct 2024SEK 214.5bSEK 368.4bSEK 9.6b17.5x22.4x0.6x
Wed, 25 Sep 2024SEK 236.3bSEK 375.0bSEK 10.1b19.9x23.3x0.6x
Fri, 23 Aug 2024SEK 228.7bSEK 377.0bSEK 10.8b20.8x21.2x0.6x
Sun, 21 Jul 2024SEK 234.1bSEK 374.5bSEK 11.6b21.4x20.2x0.6x
Tue, 18 Jun 2024SEK 205.8bSEK 368.4bSEK 11.8b19.3x17.4x0.6x
Thu, 16 May 2024SEK 196.4bSEK 368.3bSEK 11.9b18x16.5x0.5x
Sat, 13 Apr 2024SEK 188.5bSEK 371.4bSEK 13.1b15.8x14.4x0.5x
Mon, 11 Mar 2024SEK 190.0bSEK 371.1bSEK 13.1b13.4x14.5x0.5x
Wed, 07 Feb 2024SEK 183.0bSEK 368.4bSEK 15.0b12.2x12.2x0.5x
Fri, 05 Jan 2024SEK 190.0bSEK 377.8bSEK 15.1b12.4x12.6x0.5x
Sun, 03 Dec 2023SEK 177.7bSEK 377.9bSEK 15.1b10.6x11.8x0.5x
Tue, 31 Oct 2023SEK 158.5bSEK 379.0bSEK 16.4b8.3x9.7x0.4x
Thu, 28 Sep 2023SEK 168.7bSEK 378.3bSEK 15.6b9.6x10.8x0.4x
Sat, 26 Aug 2023SEK 165.0bSEK 377.7bSEK 15.2b13.8x10.8x0.4x
Mon, 24 Jul 2023SEK 179.9bSEK 376.6bSEK 15.3b15.3x11.7x0.5x
Wed, 21 Jun 2023SEK 171.7bSEK 374.5bSEK 14.6b14.9x11.8x0.5x
Fri, 19 May 2023SEK 181.5bSEK 373.6bSEK 14.9b16.3x12.2x0.5x
Sun, 16 Apr 2023SEK 199.6bSEK 366.4bSEK 14.7b17.3x13.6x0.5x
Price to Earnings Ratio

13.6x


Total Market Cap: SEK 199.6bTotal Earnings: SEK 14.7bTotal Revenue: SEK 366.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Construction and Engineering Industry Price to Earnings3Y Average 18.2x202420252026
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 23.5x which is higher than its 3-year average PE of 18.2x.
  • 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 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 Comparison

How does Swedish Construction and Engineering compare with similar industries?

SE Market2.33%
Industrials3.52%
Construction2.83%
Construction and Engineering2.83%
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 251.503.4%
+SEK 3.4b		35.7%PE18.3x
SWEC B SwecoSEK 138.003.7%
+SEK 1.8b		-14.4%PE22.4x
NCC B NCCSEK 216.002.1%
+SEK 430.3m		30.4%PE148.8x
PEAB B PeabSEK 100.001.5%
+SEK 421.8m		50.4%PE20.7x
INSTAL InstalcoSEK 33.103.2%
+SEK 273.8m		22.0%PE25.8x

Latest News

NETEL
SEK 4.09
Netel Holding
7D
-1.1%
1Y
-59.9%
SKA B
SEK 251.50
Skanska
7D
3.4%
1Y
35.7%

SKA B: Future Returns Will Rely On Executing Expanding Project Pipeline

Analysts have raised their price target on Skanska by SEK 1 to SEK 296, citing updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E multiples. Analyst Commentary Bullish analysts point to the updated valuation work behind the SEK 296 price target as a sign of growing confidence in Skanska's ability to support a higher fair value, even if the nominal move is small.
INSTAL
SEK 33.10
Instalco
7D
3.2%
1Y
22.0%

INSTAL: Leadership Continuity And Dividend Will Support Future Repricing

Instalco’s analyst price target remains at SEK 42.5, as analysts keep their valuation steady while fine tuning assumptions on discount rate, revenue growth, profit margin and future P/E in their updated models. What's in the News Instalco AB (publ) appointed founder Per Sjöstrand as permanent CEO on March 19, 2026, following his period as acting President and CEO since August 1, 2025 (Key Developments).
PEAB B
SEK 100.00
Peab
7D
1.5%
1Y
50.4%
ELTEL
SEK 8.60
Eltel
7D
2.9%
1Y
33.5%
FG
SEK 20.05
Fasadgruppen Group
7D
-1.0%
1Y
18.1%
SWEC B
SEK 138.00
Sweco
7D
3.7%
1Y
-14.4%

SWEC B: Antarctic Infrastructure Expertise Will Support Long Term Earnings Potential

Analysts have trimmed their Sweco price target from SEK 190 to SEK 180 as they now apply a slightly higher discount rate, factor in more moderate revenue growth and profit margin assumptions, and use a somewhat lower future P/E multiple. What's in the News Sweco served as Principal Designer for the new Discovery Building at Rothera Research Station in Antarctica, part of the UK Government's Antarctic Infrastructure Modernisation Programme, supporting long term research on climate, biodiversity and oceans (Client Announcement).
NCC B
SEK 216.00
NCC
7D
2.1%
1Y
30.4%

NCC B: Extra Dividend And Solid Order Book Will Support Balanced Outlook

Analysts have made a small upward adjustment to NCC's target price to SEK 220, reflecting updated assumptions around the discount rate and long-term P/E, without changing the underlying fair value estimate. What's in the News NCC and Norrvatten signed an agreement for the first two stages of a new waterworks in Järfälla.
VESTUM
SEK 9.56
Vestum
7D
0.6%
1Y
12.0%
DOXA
SEK 0.42
Doxa
7D
-0.1%
1Y
25.4%
QBEN
SEK 8.62
Qben Infra
7D
-2.0%
1Y
-16.3%
BYGGP
SEK 42.00
ByggPartner Gruppen
7D
-2.1%
1Y
134.6%
EOLU B
SEK 36.80
Eolus Aktiebolag
7D
-0.4%
1Y
-21.5%
SEHED B
SEK 26.00
SEHED Byggmästargruppen
7D
4.4%
1Y
34.7%

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