Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Swedish (OMX) Construction and Engineering Industry Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies18
  • 7D2.6%
  • 3M1.3%
  • 1Y9.7%
  • YTDn/a

In the last week, the Construction and Engineering industry is up 2.6%, with Skanska up 4.0%. Meanwhile, Vestum actually underperformed within the industry, shrinking 7.0% in the last week. This takes the industry's 12 month performance to a gain of 9.7%. 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, 11 Jan 2026SEK 238.6bSEK 389.2bSEK 11.3b18.4x21.1x0.6x
Tue, 09 Dec 2025SEK 228.6bSEK 389.5bSEK 11.3b17.7x20.2x0.6x
Thu, 06 Nov 2025SEK 235.1bSEK 390.4bSEK 11.3b19.3x20.8x0.6x
Sat, 04 Oct 2025SEK 226.2bSEK 390.9bSEK 10.8b16.4x20.9x0.6x
Mon, 01 Sep 2025SEK 220.7bSEK 391.0bSEK 10.8b15.7x20.4x0.6x
Wed, 30 Jul 2025SEK 198.6bSEK 331.1bSEK 9.2b17.1x21.5x0.6x
Fri, 27 Jun 2025SEK 212.5bSEK 389.1bSEK 11.4b16.9x18.6x0.5x
Sun, 25 May 2025SEK 221.1bSEK 388.7bSEK 11.4b18.3x19.4x0.6x
Tue, 22 Apr 2025SEK 211.9bSEK 380.0bSEK 10.3b16.5x20.5x0.6x
Thu, 20 Mar 2025SEK 236.9bSEK 378.4bSEK 10.4b20.4x22.7x0.6x
Sat, 15 Feb 2025SEK 246.0bSEK 378.5bSEK 10.8b23.3x22.7x0.7x
Mon, 13 Jan 2025SEK 215.5bSEK 370.6bSEK 8.8b18.3x24.6x0.6x
Wed, 11 Dec 2024SEK 224.6bSEK 370.7bSEK 8.8b19.5x25.6x0.6x
Fri, 08 Nov 2024SEK 222.8bSEK 371.0bSEK 9.9b17.3x22.4x0.6x
Sun, 06 Oct 2024SEK 221.5bSEK 367.8bSEK 9.6b19.5x23x0.6x
Tue, 03 Sep 2024SEK 229.8bSEK 375.1bSEK 10.1b20x22.7x0.6x
Thu, 01 Aug 2024SEK 236.3bSEK 377.3bSEK 11.0b27.5x21.6x0.6x
Sat, 29 Jun 2024SEK 204.8bSEK 368.4bSEK 11.8b18.5x17.3x0.6x
Mon, 27 May 2024SEK 208.8bSEK 368.6bSEK 11.8b19.2x17.7x0.6x
Wed, 24 Apr 2024SEK 187.8bSEK 371.4bSEK 12.9b15.4x14.6x0.5x
Fri, 22 Mar 2024SEK 195.0bSEK 371.2bSEK 13.1b14.5x14.8x0.5x
Sun, 18 Feb 2024SEK 183.7bSEK 372.5bSEK 13.4b14.5x13.7x0.5x
Tue, 16 Jan 2024SEK 187.1bSEK 377.9bSEK 15.1b11.1x12.4x0.5x
Thu, 14 Dec 2023SEK 178.9bSEK 377.9bSEK 15.1b11.2x11.9x0.5x
Sat, 11 Nov 2023SEK 162.5bSEK 378.2bSEK 15.0b9.3x10.8x0.4x
Mon, 09 Oct 2023SEK 168.5bSEK 378.3bSEK 15.6b9.6x10.8x0.4x
Wed, 06 Sep 2023SEK 165.5bSEK 378.5bSEK 15.6b11.6x10.6x0.4x
Fri, 04 Aug 2023SEK 174.7bSEK 376.7bSEK 15.3b14.8x11.4x0.5x
Sun, 02 Jul 2023SEK 176.2bSEK 374.5bSEK 14.6b15.1x12.1x0.5x
Tue, 30 May 2023SEK 178.6bSEK 374.4bSEK 14.6b15.7x12.2x0.5x
Thu, 27 Apr 2023SEK 191.9bSEK 366.4bSEK 14.7b16.3x13x0.5x
Sat, 25 Mar 2023SEK 182.7bSEK 366.3bSEK 14.8b18.1x12.4x0.5x
Mon, 20 Feb 2023SEK 212.1bSEK 365.8bSEK 14.7b16.4x14.4x0.6x
Wed, 18 Jan 2023SEK 205.6bSEK 361.6bSEK 14.2b18.4x14.4x0.6x
Price to Earnings Ratio

14.4x


Total Market Cap: SEK 205.6bTotal Earnings: SEK 14.2bTotal Revenue: SEK 361.6bTotal 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 Market2.90%
Industrials4.94%
Construction2.65%
Construction and Engineering2.65%
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 268.004.0%
+SEK 4.2b		17.4%PE17.9x
PEAB B PeabSEK 89.753.9%
+SEK 970.0m		18.6%PE15.5x
NCC B NCCSEK 230.004.4%
+SEK 938.8m		48.1%PE14.2x
INSTAL InstalcoSEK 27.144.9%
+SEK 343.6m		-11.8%PE28x
SWEC B SwecoSEK 149.200.3%
+SEK 180.3m		-9.6%PE24.9x

Latest News

PEAB B
SEK 89.75
Peab
7D
3.9%
1Y
18.6%

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
SKA B
SEK 268.00
Skanska
7D
4.0%
1Y
17.4%

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 40.30
ByggPartner Gruppen
7D
-4.5%
1Y
195.2%
INSTAL
SEK 27.14
Instalco
7D
4.9%
1Y
-11.8%

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.
NCC B
SEK 230.00
NCC
7D
4.4%
1Y
48.1%
SWEC B
SEK 149.20
Sweco
7D
0.3%
1Y
-9.6%

A Look At The Fair Value Of Sweco AB (publ) (STO:SWEC B)

Jan 07
A Look At The Fair Value Of Sweco AB (publ) (STO:SWEC B)
FG
SEK 30.40
Fasadgruppen Group
7D
-1.6%
1Y
-27.7%

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.
NETEL
SEK 4.99
Netel Holding
7D
-11.2%
1Y
-66.0%

NETEL: New Contract And Margin Outlook Will Support Cautious 2025 Earnings Trajectory

Narrative Update on Netel Holding The analyst price target for Netel Holding remains unchanged at SEK 4.50, as analysts cite essentially stable long term assumptions on discount rate, revenue growth, profit margin, and future valuation multiples with only negligible model refinements. What's in the News Netel signed a SEK 50 million agreement with Ellevio to reconstruct and refurbish a distribution station on Lidingo, with work starting in autumn 2025 and completion planned for autumn 2028 (company announcement).
QBEN
SEK 11.40
Qben Infra
7D
-8.8%
1Y
-13.6%
EOLU B
SEK 42.60
Eolus Aktiebolag
7D
-1.4%
1Y
-20.8%
VESTUM
SEK 8.14
Vestum
7D
-7.0%
1Y
-26.5%
NORB B
SEK 13.10
Nordisk Bergteknik
7D
-2.2%
1Y
1.4%
TERNOR
SEK 28.70
Terranor Group
7D
1.8%
1Y
n/a
NYAB
SEK 5.98
Nyab
7D
-0.2%
1Y
25.2%

Investors Continue Waiting On Sidelines For Nyab AB (publ) (STO:NYAB)

Nov 06
Investors Continue Waiting On Sidelines For Nyab AB (publ) (STO:NYAB)
SEHED B
SEK 22.70
SEHED Byggmästargruppen
7D
0.9%
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)