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Swedish (OMX) Machinery Industry Analysis

UpdatedJun 10, 2026
DataAggregated Company Financials
Companies38
  • 7D-2.2%
  • 3M0.1%
  • 1Y19.9%
  • YTD8.9%

Over the last 7 days, the Machinery industry has risen 3.3%, driven by gains from Alfa Laval of 1.5%. Meanwhile, Epiroc actually underperformed within the industry, shrinking 6.2% in the last week. This takes the industry's 12 month performance to a gain of 23%. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 10 Jun 2026SEK 2.8tSEK 1.1tSEK 104.8b26x27.2x2.5x
Fri, 08 May 2026SEK 3.0tSEK 1.1tSEK 104.7b26.6x28.5x2.6x
Sun, 05 Apr 2026SEK 2.7tSEK 1.2tSEK 106.7b23.7x25.3x2.4x
Tue, 03 Mar 2026SEK 3.1tSEK 1.2tSEK 106.7b24.7x28.7x2.7x
Thu, 29 Jan 2026SEK 2.8tSEK 1.2tSEK 108.6b24.9x26.2x2.4x
Sat, 27 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.4x23.4x2.2x
Mon, 24 Nov 2025SEK 2.4tSEK 1.2tSEK 109.9b23.2x21.9x2.1x
Wed, 22 Oct 2025SEK 2.5tSEK 1.2tSEK 111.1b23.6x22.4x2.1x
Fri, 19 Sep 2025SEK 2.5tSEK 1.2tSEK 113.3b23.3x21.6x2.1x
Sun, 17 Aug 2025SEK 2.4tSEK 1.2tSEK 113.3b23.9x21.1x2x
Tue, 15 Jul 2025SEK 2.4tSEK 1.2tSEK 123.4b24.2x19.4x2x
Thu, 12 Jun 2025SEK 2.4tSEK 1.2tSEK 123.4b23.7x19.1x1.9x
Sat, 10 May 2025SEK 2.3tSEK 1.2tSEK 123.3b21.6x18.7x1.9x
Mon, 07 Apr 2025SEK 2.1tSEK 1.2tSEK 125.5b21.2x17.1x1.8x
Wed, 05 Mar 2025SEK 2.6tSEK 1.2tSEK 125.4b25.3x20.6x2.1x
Fri, 31 Jan 2025SEK 2.7tSEK 1.2tSEK 124.2b29.1x21.5x2.2x
Sun, 29 Dec 2024SEK 2.4tSEK 1.2tSEK 124.3b26.4x19.5x2x
Tue, 26 Nov 2024SEK 2.4tSEK 1.2tSEK 124.4b24.8x19.7x2x
Thu, 24 Oct 2024SEK 2.5tSEK 1.2tSEK 124.3b27.8x20.3x2.1x
Sat, 21 Sep 2024SEK 2.5tSEK 1.2tSEK 130.0b26.2x19.4x2x
Mon, 19 Aug 2024SEK 2.5tSEK 1.2tSEK 129.9b24.4x19.3x2x
Wed, 17 Jul 2024SEK 2.7tSEK 1.2tSEK 125.4b26.2x21.3x2.1x
Fri, 14 Jun 2024SEK 2.7tSEK 1.2tSEK 125.4b27.3x21.8x2.2x
Sun, 12 May 2024SEK 2.7tSEK 1.2tSEK 125.4b27.7x21.8x2.2x
Tue, 09 Apr 2024SEK 2.6tSEK 1.2tSEK 127.0b24.7x20.7x2.1x
Thu, 07 Mar 2024SEK 2.6tSEK 1.2tSEK 127.0b22.5x20.1x2x
Sat, 03 Feb 2024SEK 2.4tSEK 1.3tSEK 126.7b21.9x18.8x1.9x
Mon, 01 Jan 2024SEK 2.4tSEK 1.2tSEK 119.8b22.3x20.2x2x
Wed, 29 Nov 2023SEK 2.2tSEK 1.2tSEK 119.8b21.9x18.8x1.8x
Fri, 27 Oct 2023SEK 2.1tSEK 1.2tSEK 117.8b21.3x17.4x1.7x
Sun, 24 Sep 2023SEK 2.1tSEK 1.2tSEK 111.4b22.4x19.1x1.8x
Tue, 22 Aug 2023SEK 2.1tSEK 1.2tSEK 111.3b20.6x19x1.8x
Thu, 20 Jul 2023SEK 2.2tSEK 1.2tSEK 110.8b24.6x19.4x1.8x
Sat, 17 Jun 2023SEK 2.2tSEK 1.1tSEK 106.2b24.1x21.1x2x
Price to Earnings Ratio

21.1x


Total Market Cap: SEK 2.2tTotal Earnings: SEK 106.2bTotal Revenue: SEK 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 21.1x202420252026
Current Industry PE
  • Investors are optimistic on the Swedish Machinery industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 27.6x which is higher than its 3-year average PE of 21.1x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Machinery industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

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

SE Market-2.10%
Industrials-1.63%
Machinery-2.19%
Industrial Machinery-1.36%
Agricultural Machinery-2.69%
Construction Machinery and Vehicles-3.72%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 25.9x.
    • Analysts are expecting annual earnings growth of 11.6%, which is higher than its past year's earnings decline of 14.9% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 24.1x.
Forecasted Growth
  • Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings decline of 6.6% per year.
  • In contrast, the Agricultural Machinery industry is expected to see its earnings grow by 12% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ALFA Alfa LavalSEK 530.201.5%
+SEK 3.1b		27.1%PE26.8x
TREL B TrelleborgSEK 411.202.5%
+SEK 2.3b		15.5%PE25.3x
INDT IndutradeSEK 192.303.0%
+SEK 2.0b		-27.2%PE27.6x
ALIG Alimak GroupSEK 110.801.7%
+SEK 190.5m		-23.6%PE20.7x
OPTI OptiCept TechnologiesSEK 3.3314.0%
+SEK 35.2m		-16.9%PS7.8x

Latest News

SAND
SEK 369.90
Sandvik
7D
-3.3%
1Y
71.9%
ATCO A
SEK 179.25
Atlas Copco
7D
-1.5%
1Y
13.4%
Narrative Update • Jun 08

ATCO A: Special Dividend And Split Ratings Will Shape Future Returns

Atlas Copco's analyst price target has been adjusted slightly, with the updated fair value estimate moving from SEK 195.14 to SEK 194.43 as analysts factor in mixed recent target changes and more balanced assumptions on revenue growth, margins and future P/E levels. Analyst Commentary Recent Street research on Atlas Copco has been mixed, with price target increases, reductions and a couple of upgrades all feeding into the slight reduction in the aggregated fair value estimate.
EPI A
SEK 259.80
Epiroc
7D
-6.2%
1Y
19.9%
Narrative Update • Jun 07

EPI A: Autonomy Partnerships And African Orders Will Support Steady Future P/E

Analysts have raised their price target on Epiroc from SEK 266.40 to SEK 272.20, citing updated assumptions for fair value, discount rate, revenue growth, profit margins and future P/E that are now slightly different from prior estimates. What's in the News Epiroc and Heidelberg Materials are working on a proof of concept in Western Australia to adapt Epiroc's LinkOA autonomy platform for driverless haul trucks in quarry operations, extending LinkOA beyond mining into the aggregates sector.
INDT
SEK 192.30
Indutrade
7D
3.0%
1Y
-27.2%
TREL B
SEK 411.20
Trelleborg
7D
2.5%
1Y
15.5%
HUSQ B
SEK 41.34
Husqvarna
7D
-2.7%
1Y
-17.8%
VBG B
SEK 308.50
VBG Group
7D
-6.2%
1Y
20.1%
Narrative Update • Jun 05

VBG B: New Czech Facility Consolidation Will Support Future Repricing Potential

Analysts have reiterated a price target of SEK435 for VBG Group, with only marginal tweaks to inputs such as discount rate, long term revenue growth, profit margin and future P/E supporting this unchanged view. What's in the News VBG Group plans to invest about SEK 200 million in a new production facility in Dobrany, Czech Republic, to consolidate Ringfeder Power Transmission manufacturing currently split between Neunkirchen, Germany, and Dobrany, Czech Republic.
OPTI
SEK 3.33
OptiCept Technologies
7D
14.0%
1Y
-16.9%
VOLV B
SEK 318.90
AB Volvo
7D
-2.5%
1Y
18.3%
ALIG
SEK 110.80
Alimak Group
7D
1.7%
1Y
-23.6%
Narrative Update • Jun 03

ALIG: Acquisition Pipeline And Dividend Policy Will Support Future Upside Potential

Analysts have reiterated their SEK 143.0 price target on Alimak Group, with the unchanged fair value and only small model tweaks to discount rate, revenue growth, profit margin and future P/E signaling a steady view of the stock’s long term fundamentals. What's in the News No recent company specific news items, periodical articles or key developments were provided for Alimak Group, so there are currently no discrete headlines to highlight for this section.
BEIA B
SEK 295.00
Beijer Alma
7D
-2.0%
1Y
30.0%
Narrative Update • Jun 03

BEIA B: Stable Dividend Framework And Steady Outlook Will Support Fair Value

Analysts are keeping Beijer Alma's fair value target steady at SEK325, with only small model adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions guiding this narrative update. What's in the News The Annual General Meeting on April 28, 2026, approved a dividend of SEK 4 per share for the 2025 financial year, based on the Board of Directors' proposal.
ALFA
SEK 530.20
Alfa Laval
7D
1.5%
1Y
27.1%
Narrative Update • Jun 03

ALFA: Fair Outlook Weighs Tanker Order Upside Against Execution And Pricing Risks

Narrative Update on Alfa Laval The updated analyst price target for Alfa Laval rises from about SEK 518 to SEK 547. This reflects adjustments to fair value and underlying assumptions such as revenue growth, profit margin and discount rate, as analysts balance recent target trims and downgrades with several target increases and an upgrade to Equal Weight.
SKF B
SEK 240.70
AB SKF
7D
-3.1%
1Y
12.5%
Narrative Update • May 28

SKF B: Mixed Rating Shifts Will Shape Balanced SEK 257 Return Profile

AB SKF’s updated analyst price target has been adjusted slightly lower to about SEK 257 as analysts weigh mixed recent target changes and ratings shifts against updated assumptions for growth, margins and P/E. Analyst Commentary Recent research shows a mix of upgraded ratings alongside both higher and lower price targets, which leaves the stock sitting in the middle of a tug of war between confidence in execution and questions around valuation and earnings power.
OXE
SEK 0.29
OXE Marine
7D
4.7%
1Y
-12.2%
XANO B
SEK 49.40
XANO Industri
7D
0.6%
1Y
-17.5%
AGES B
SEK 49.00
AGES Industri
7D
5.2%
1Y
-24.6%
Analysis Article • May 13

Solid Earnings May Not Tell The Whole Story For AGES Industri (STO:AGES B)

The recent earnings posted by AGES Industri AB (publ) ( STO:AGES B ) were solid, but the stock didn't move as much as...