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Swedish (OMX) Construction and Engineering Industry Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies18
  • 7D7.0%
  • 3M-1.5%
  • 1Y16.8%
  • YTDn/a

The Construction and Engineering industry is up 7.0% in the last week, with Skanska up 6.9%. This means that the industry has gained 17% over the past year. 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
Sun, 12 Apr 2026SEK 235.9bSEK 381.3bSEK 9.4b21.3x25.1x0.6x
Tue, 10 Mar 2026SEK 230.5bSEK 380.9bSEK 9.4b20.5x24.4x0.6x
Thu, 05 Feb 2026SEK 244.0bSEK 389.1bSEK 11.3b18.8x21.6x0.6x
Sat, 03 Jan 2026SEK 232.5bSEK 389.3bSEK 11.3b18.3x20.6x0.6x
Mon, 01 Dec 2025SEK 226.6bSEK 389.5bSEK 11.3b17.6x20x0.6x
Wed, 29 Oct 2025SEK 235.4bSEK 390.0bSEK 11.3b19.2x20.9x0.6x
Fri, 26 Sep 2025SEK 218.4bSEK 391.0bSEK 10.8b15.6x20.2x0.6x
Sun, 24 Aug 2025SEK 206.8bSEK 331.9bSEK 9.3b15.7x22.3x0.6x
Tue, 22 Jul 2025SEK 193.6bSEK 331.5bSEK 9.2b17.1x21x0.6x
Thu, 19 Jun 2025SEK 217.7bSEK 389.0bSEK 11.4b18.1x19.1x0.6x
Sat, 17 May 2025SEK 225.5bSEK 388.9bSEK 11.1b17.4x20.3x0.6x
Mon, 14 Apr 2025SEK 201.3bSEK 380.1bSEK 10.5b15.2x19.2x0.5x
Wed, 12 Mar 2025SEK 229.4bSEK 378.3bSEK 12.0b18.9x19.1x0.6x
Fri, 07 Feb 2025SEK 232.2bSEK 370.4bSEK 8.8b20.2x26.5x0.6x
Sun, 05 Jan 2025SEK 223.3bSEK 370.6bSEK 8.8b19.8x25.5x0.6x
Tue, 03 Dec 2024SEK 219.4bSEK 370.7bSEK 8.8b19.3x25x0.6x
Thu, 31 Oct 2024SEK 220.3bSEK 368.6bSEK 9.6b17.4x23x0.6x
Sat, 28 Sep 2024SEK 218.5bSEK 367.7bSEK 9.7b18.8x22.6x0.6x
Mon, 26 Aug 2024SEK 230.0bSEK 376.8bSEK 10.8b19x21.3x0.6x
Wed, 24 Jul 2024SEK 236.5bSEK 377.3bSEK 11.3b21.3x20.8x0.6x
Fri, 21 Jun 2024SEK 210.7bSEK 368.3bSEK 11.8b18.4x17.8x0.6x
Sun, 19 May 2024SEK 203.9bSEK 368.7bSEK 11.8b18.2x17.3x0.6x
Tue, 16 Apr 2024SEK 188.0bSEK 371.4bSEK 12.9b15.9x14.6x0.5x
Thu, 14 Mar 2024SEK 193.0bSEK 371.1bSEK 13.1b14.4x14.7x0.5x
Sat, 10 Feb 2024SEK 181.4bSEK 368.4bSEK 15.0b12.2x12.1x0.5x
Mon, 08 Jan 2024SEK 187.9bSEK 377.9bSEK 15.1b12.7x12.5x0.5x
Wed, 06 Dec 2023SEK 179.3bSEK 377.9bSEK 15.1b10.6x11.9x0.5x
Fri, 03 Nov 2023SEK 159.6bSEK 378.0bSEK 15.1b9x10.6x0.4x
Sun, 01 Oct 2023SEK 172.1bSEK 378.2bSEK 15.6b10.7x11x0.5x
Tue, 29 Aug 2023SEK 167.2bSEK 378.5bSEK 15.6b13x10.7x0.4x
Thu, 27 Jul 2023SEK 181.8bSEK 376.6bSEK 15.3b16.1x11.9x0.5x
Sat, 24 Jun 2023SEK 170.7bSEK 374.4bSEK 14.6b15.2x11.7x0.5x
Mon, 22 May 2023SEK 183.8bSEK 373.6bSEK 14.9b16.5x12.4x0.5x
Wed, 19 Apr 2023SEK 200.7bSEK 366.4bSEK 14.7b17.3x13.6x0.5x
Price to Earnings Ratio

13.6x


Total Market Cap: SEK 200.7bTotal 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 25.1x 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 Market4.42%
Industrials5.89%
Construction7.04%
Construction and Engineering7.04%
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 255.906.9%
+SEK 6.8b		29.5%PE18.6x
SWEC B SwecoSEK 142.708.0%
+SEK 3.8b		-15.8%PE23.1x
NCC B NCCSEK 225.609.4%
+SEK 1.9b		34.9%PE155.4x
PEAB B PeabSEK 102.906.4%
+SEK 1.7b		49.7%PE21.3x
INSTAL InstalcoSEK 34.6611.9%
+SEK 987.9m		22.0%PE27x

Latest News

NCC B
SEK 225.60
NCC
7D
9.4%
1Y
34.9%

NCC B: Extra Dividend And Infrastructure Orders Will Support Balanced Outlook

Analysts have kept their NCC price target broadly steady at SEK220, with only marginal adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions supporting the unchanged valuation view. What's in the News NCC has been contracted by Gästrike Vatten to build the new Mon waterworks in Skutskär, Sweden, a SEK 650 million project that includes advanced treatment technology and is scheduled to be commissioned in 2028.
PEAB B
SEK 102.90
Peab
7D
6.4%
1Y
49.7%
NETEL
SEK 4.06
Netel Holding
7D
-2.9%
1Y
-59.9%
FG
SEK 21.25
Fasadgruppen Group
7D
4.4%
1Y
13.3%

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

Analysts have kept their SEK 27.0 price target for Fasadgruppen Group unchanged. This reflects steady assumptions on fair value, discount rate, revenue growth, profit margin and future P/E despite the latest review.
SKA B
SEK 255.90
Skanska
7D
6.9%
1Y
29.5%

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 34.66
Instalco
7D
11.9%
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).
ELTEL
SEK 8.50
Eltel
7D
-0.7%
1Y
23.9%
SWEC B
SEK 142.70
Sweco
7D
8.0%
1Y
-15.8%

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).
VESTUM
SEK 9.77
Vestum
7D
3.3%
1Y
9.9%
DOXA
SEK 0.42
Doxa
7D
-2.1%
1Y
17.5%
QBEN
SEK 8.72
Qben Infra
7D
-0.7%
1Y
-20.4%
NYAB
SEK 6.13
Nyab
7D
1.7%
1Y
18.3%

Analysts Have Made A Financial Statement On Nyab AB (publ)'s (STO:NYAB) Yearly Report

Feb 15
Analysts Have Made A Financial Statement On Nyab AB (publ)'s (STO:NYAB) Yearly Report
SEHED B
SEK 25.00
SEHED Byggmästargruppen
7D
-2.7%
1Y
25.0%

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