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Swedish (OMX) Construction Industry Analysis

UpdatedJul 26, 2026
DataAggregated Company Financials
Companies16
  • 7D1.6%
  • 3M0.7%
  • 1Y6.2%
  • YTD-1.0%

In the last week, the Construction industry is up 1.6%, with Skanska up 3.6%. During this same period, the Instalco underperformed, falling 5.9%. This takes the industry's 12 month performance to a gain of 6.2%. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Jul 2026SEK 229.7bSEK 376.7bSEK 10.8b17.1x21.2x0.6x
Tue, 23 Jun 2026SEK 226.0bSEK 375.0bSEK 9.7b18.2x23.4x0.6x
Thu, 21 May 2026SEK 222.5bSEK 375.0bSEK 9.7b17.3x23x0.6x
Sat, 18 Apr 2026SEK 243.6bSEK 381.1bSEK 9.4b20.9x25.9x0.6x
Mon, 16 Mar 2026SEK 230.5bSEK 381.1bSEK 9.4b20.4x24.4x0.6x
Wed, 11 Feb 2026SEK 238.1bSEK 378.8bSEK 8.9b24.4x26.7x0.6x
Fri, 09 Jan 2026SEK 237.5bSEK 389.3bSEK 11.3b18.6x21x0.6x
Sun, 07 Dec 2025SEK 230.0bSEK 389.5bSEK 11.3b17.8x20.3x0.6x
Tue, 04 Nov 2025SEK 237.4bSEK 390.3bSEK 11.3b21.2x21.1x0.6x
Thu, 02 Oct 2025SEK 226.6bSEK 390.9bSEK 10.8b16.3x21x0.6x
Sat, 30 Aug 2025SEK 220.8bSEK 391.0bSEK 10.8b15.7x20.4x0.6x
Mon, 28 Jul 2025SEK 194.8bSEK 331.2bSEK 9.2b17.4x21.1x0.6x
Wed, 25 Jun 2025SEK 215.8bSEK 389.0bSEK 11.4b17.3x18.9x0.6x
Fri, 23 May 2025SEK 221.5bSEK 388.8bSEK 11.4b18x19.4x0.6x
Sun, 20 Apr 2025SEK 211.9bSEK 380.0bSEK 10.3b16.5x20.5x0.6x
Tue, 18 Mar 2025SEK 236.1bSEK 378.4bSEK 10.4b20.3x22.6x0.6x
Thu, 13 Feb 2025SEK 241.6bSEK 379.3bSEK 10.7b20.8x22.5x0.6x
Sat, 11 Jan 2025SEK 215.6bSEK 370.6bSEK 8.8b18.3x24.6x0.6x
Mon, 09 Dec 2024SEK 225.8bSEK 370.7bSEK 8.8b19.8x25.8x0.6x
Wed, 06 Nov 2024SEK 220.9bSEK 369.0bSEK 9.7b17.9x22.8x0.6x
Fri, 04 Oct 2024SEK 218.1bSEK 367.8bSEK 9.6b19x22.6x0.6x
Sun, 01 Sep 2024SEK 230.2bSEK 375.1bSEK 10.3b20.2x22.3x0.6x
Tue, 30 Jul 2024SEK 235.0bSEK 377.5bSEK 11.0b27.3x21.4x0.6x
Thu, 27 Jun 2024SEK 205.4bSEK 368.4bSEK 11.8b18.4x17.4x0.6x
Sat, 25 May 2024SEK 208.8bSEK 368.6bSEK 11.8b19.2x17.7x0.6x
Mon, 22 Apr 2024SEK 183.1bSEK 371.5bSEK 12.9b15.5x14.2x0.5x
Wed, 20 Mar 2024SEK 193.5bSEK 371.2bSEK 13.1b14.2x14.7x0.5x
Fri, 16 Feb 2024SEK 184.1bSEK 373.3bSEK 13.5b14.6x13.6x0.5x
Sun, 14 Jan 2024SEK 189.1bSEK 377.9bSEK 15.1b11.6x12.6x0.5x
Tue, 12 Dec 2023SEK 181.4bSEK 377.9bSEK 15.1b11x12x0.5x
Thu, 09 Nov 2023SEK 161.9bSEK 378.1bSEK 15.1b9.3x10.7x0.4x
Sat, 07 Oct 2023SEK 168.5bSEK 378.3bSEK 15.6b9.6x10.8x0.4x
Mon, 04 Sep 2023SEK 165.1bSEK 378.5bSEK 15.6b12.6x10.6x0.4x
Wed, 02 Aug 2023SEK 177.7bSEK 376.6bSEK 15.3b15.8x11.6x0.5x
Price to Earnings Ratio

11.6x


Total Market Cap: SEK 177.7bTotal Earnings: SEK 15.3bTotal Revenue: SEK 376.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Construction Industry Price to Earnings3Y Average 19.3x202420252026
Current Industry PE
  • Investors are relatively neutral on the Swedish Construction industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 19.3x.
  • The industry is trading close to its 3-year average PS ratio of 0.56x.
Past Earnings Growth
  • The earnings for companies in the Construction industry have declined 11% 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 Trends

Which industries have driven the changes within the Swedish Industrials industry?

SE Market0.87%
Industrials2.02%
Construction1.62%
Construction and Engineering1.62%
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 264.403.6%
+SEK 3.9b		14.3%PE16.5x
SWEC B SwecoSEK 132.900.5%
+SEK 252.9m		-12.0%PE21.1x
CYNCA Cynca NordicSEK 16.042.4%
+SEK 142.8m		53.6%PS1.7x
NCC B NCCSEK 170.600.6%
+SEK 107.6m		-8.4%PE213.9x
ELTEL EltelSEK 12.554.1%
+SEK 78.4m		19.0%PE52.4x

Latest News

BYGGP
SEK 42.60
ByggPartner Gruppen
7D
1.4%
1Y
88.5%
Analysis Article • Jul 25

We Think ByggPartner Gruppen's (STO:BYGGP) Profit Is Only A Baseline For What They Can Achieve

When companies post strong earnings, the stock generally performs well, just like ByggPartner Gruppen AB (publ)'s...
ELTEL
SEK 12.55
Eltel
7D
4.1%
1Y
19.0%
Analysis Article • Jul 24

Analysts Have Made A Financial Statement On Eltel AB (publ)'s (STO:ELTEL) Second-Quarter Report

The second-quarter results for Eltel AB (publ) ( STO:ELTEL ) were released last week, making it a good time to revisit...
SWEC B
SEK 132.90
Sweco
7D
0.5%
1Y
-12.0%
INSTAL
SEK 38.64
Instalco
7D
-5.9%
1Y
42.1%
Narrative Update • Jul 22

INSTAL: New Sustainable Hotel Project Will Support Repricing Through Improved Profitability

Analysts have raised their price target on Instalco from SEK 45.0 to SEK 50.0, citing updated assumptions for revenue growth, profit margins and future P/E that, taken together, support a higher fair value estimate. What’s in the News for Instalco Instalco has been engaged by Consto AS for design and installation works on Scandic Hotels’ new mountain hotel project, Scandic Sälen, at the Swedish winter skiing destination of Sälen.
NORB B
SEK 10.25
Nordisk Bergteknik
7D
-8.5%
1Y
-16.0%
Analysis Article • Jul 22

Nordisk Bergteknik AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Shareholders might have noticed that Nordisk Bergteknik AB (publ) ( STO:NORB B ) filed its quarterly result this time...
FG
SEK 20.40
Fasadgruppen Group
7D
1.0%
1Y
-32.9%
Narrative Update • Jul 21

FG: Future Incentive Plan Will Drive Upside Optionality

Analysts have reduced their price target for Fasadgruppen Group from SEK 53 to SEK 28. This reflects updated assumptions for the company that include a higher discount rate, more cautious revenue growth, lower profit margin expectations and a reduced future P/E multiple.
SKA B
SEK 264.40
Skanska
7D
3.6%
1Y
14.3%
EOLU B
SEK 36.55
Eolus Aktiebolag
7D
-3.2%
1Y
-37.4%
PEAB B
SEK 91.75
Peab
7D
-0.05%
1Y
22.5%
Analysis Article • Jul 17

Earnings Miss: Peab AB (publ) Missed EPS By 5.4% And Analysts Are Revising Their Forecasts

Investors in Peab AB (publ) ( STO:PEAB B ) had a good week, as its shares rose 2.5% to close at kr92.65 following the...
CYNCA
SEK 16.04
Cynca Nordic
7D
2.4%
1Y
53.6%
NCC B
SEK 170.60
NCC
7D
0.6%
1Y
-8.4%
Narrative Update • Jul 15

NCC B: Extra Dividend And New Nordic Projects Will Support Upside

The analyst price target for NCC has been adjusted from SEK 220 to SEK 202.5 as analysts incorporate updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E in their valuation work. What’s in the News for NCC NCC has been commissioned by Vestland County Council to build the Atløy Link in Norway, a turnkey infrastructure project including three bridges and associated roads.
NETEL
SEK 3.02
Netel Holding
7D
-1.8%
1Y
-70.8%
NYAB
SEK 6.05
Nyab
7D
-1.6%
1Y
-9.4%
QBEN
SEK 8.00
Qben Infra
7D
3.4%
1Y
-17.0%
TRAIN B
SEK 6.38
Train Alliance
7D
-6.7%
1Y
-63.2%