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Swedish (OMX) Construction and Engineering Industry Analysis

UpdatedDec 28, 2025
DataAggregated Company Financials
Companies18
  • 7D0.3%
  • 3M2.5%
  • 1Y3.1%
  • YTDn/a

Over the last 7 days, the Construction and Engineering industry has remained flat. As for the the longer term, the industry is up 3.1% over the past 12 months. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Tue, 16 May 2023SEK 186.6bSEK 373.5bSEK 14.9b16.9x12.6x0.5x
Thu, 13 Apr 2023SEK 194.4bSEK 366.4bSEK 14.7b17.7x13.2x0.5x
Sat, 11 Mar 2023SEK 198.1bSEK 366.4bSEK 14.8b18.5x13.4x0.5x
Mon, 06 Feb 2023SEK 208.6bSEK 362.6bSEK 14.6b19.4x14.3x0.6x
Wed, 04 Jan 2023SEK 192.6bSEK 361.5bSEK 14.2b19x13.5x0.5x
Price to Earnings Ratio

13.5x


Total Market Cap: SEK 192.6bTotal 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 17.3x20242025
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 20.2x which is higher than its 3-year average PE of 17.3x.
  • 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 Market0.44%
Industrials0.41%
Construction0.35%
Construction and Engineering0.35%
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 251.400.6%
+SEK 578.5m		8.3%PE16.8x
PEAB B PeabSEK 84.452.1%
+SEK 499.3m		7.6%PE14.6x
NCC B NCCSEK 215.601.4%
+SEK 293.4m		32.6%PE13.3x
QBEN Qben InfraSEK 11.2013.6%
+SEK 107.0m		-16.7%n/a
INSTAL InstalcoSEK 25.501.0%
+SEK 69.8m		-21.9%PE26.3x

Latest News

FG
SEK 30.30
Fasadgruppen Group
7D
-3.3%
1Y
-34.1%

FG: Stable Buybacks And Discounted Earnings Will Drive Shares Higher

Analysts have modestly reaffirmed their view on Fasadgruppen Group, holding the price target steady at SEK 43.0 as a stable discount rate, revenue growth, profit margin, and future P E assumptions continue to support a consistent valuation outlook. What's in the News Company confirms completion of its share buyback program announced on November 13, 2023, totaling 114,234 repurchased shares, or about 0.23 percent of outstanding shares, for SEK 6.79 million (company filing) No additional shares were repurchased in the April 1 to June 30, 2025 tranche, keeping total buybacks unchanged at 114,234 shares for SEK 6.79 million (company filing) No further repurchases were made in the July 1 to September 30, 2025 tranche, indicating that the previously announced buyback volume is now fully completed (company filing) Valuation Changes Fair Value: Unchanged at SEK 43.0, indicating no revision to the central valuation estimate.
INSTAL
SEK 25.50
Instalco
7D
1.0%
1Y
-21.9%

INSTAL: Lower Discount Rate Will Support Stronger Long Term Earnings Upside

Analysts have modestly fine tuned their price target on Instalco to SEK 34.0, reflecting a slightly lower discount rate and future P/E assumptions, while leaving the overall fair value largely unchanged. Valuation Changes Fair Value: Unchanged at SEK 34.0 per share, indicating no revision to the overall valuation anchor.
QBEN
SEK 11.20
Qben Infra
7D
13.6%
1Y
-16.7%
SKA B
SEK 251.40
Skanska
7D
0.6%
1Y
8.3%

SKA B: Higher Construction Margins Are Expected To Reverse And Pressure Shares

Analysts have raised their fair value estimate for Skanska from approximately SEK 160 to about SEK 225 per share, citing higher expected profitability and a richer future earnings multiple, despite slightly more conservative growth assumptions and a modestly higher discount rate. Analyst Commentary Recent Street research shows that, while some targets have been revised upward in response to stronger profitability, bearish analysts remain cautious on the durability of Skanska’s earnings momentum and the balance of risk and reward at current levels.
NCC B
SEK 215.60
NCC
7D
1.4%
1Y
32.6%

NCC B: Upcoming Projects And CFO Transition Will Support Steady Outlook

Analysts have slightly adjusted their price target for NCC to align with refined assumptions around discount rates, long term revenue growth, profit margins, and future valuation multiples. This has resulted in a modestly higher implied equity value of approximately $227.50 per share.
SWEC B
SEK 148.30
Sweco
7D
-1.3%
1Y
-9.6%

SWEC B: New Long Term Infrastructure Contracts Will Support Future Earnings

Analysts have raised their price target for Sweco slightly to imply a fair value of €197.00. This reflects modest tweaks to their discount rate and long term valuation assumptions rather than any material change in revenue growth or profit margin expectations.
BYGGP
SEK 40.40
ByggPartner Gruppen
7D
-0.2%
1Y
188.6%
EOLU B
SEK 41.15
Eolus Aktiebolag
7D
2.7%
1Y
-14.4%
VESTUM
SEK 8.87
Vestum
7D
0.7%
1Y
-22.3%
NORB B
SEK 13.35
Nordisk Bergteknik
7D
4.3%
1Y
1.1%
TRAIN B
SEK 19.15
Train Alliance
7D
-1.0%
1Y
4.4%

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)
PEAB B
SEK 84.45
Peab
7D
2.1%
1Y
7.6%

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
DOXA
SEK 0.44
Doxa
7D
-4.1%
1Y
-25.2%
SEHED B
SEK 21.20
SEHED Byggmästargruppen
7D
-6.6%
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)