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Swedish (OMX) Machinery Industry Analysis

UpdatedJul 01, 2026
DataAggregated Company Financials
Companies38
  • 7D2.7%
  • 3M9.4%
  • 1Y29.5%
  • YTD15.3%

In the last week, the Machinery industry is up 2.7%, with Atlas Copco leading the way, up 2.9%. This means that the industry has gained 30% over the past year. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Jul 2026SEK 3.0tSEK 1.1tSEK 104.8b26.8x28.7x2.7x
Fri, 29 May 2026SEK 2.9tSEK 1.1tSEK 104.8b25.3x27.3x2.5x
Sun, 26 Apr 2026SEK 2.9tSEK 1.1tSEK 105.2b25.7x27.8x2.6x
Tue, 24 Mar 2026SEK 2.6tSEK 1.2tSEK 106.7b20.8x24.4x2.3x
Thu, 19 Feb 2026SEK 3.0tSEK 1.2tSEK 106.7b24.4x28.1x2.6x
Sat, 17 Jan 2026SEK 2.8tSEK 1.2tSEK 109.9b25.4x25.7x2.4x
Mon, 15 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.4x23.6x2.2x
Wed, 12 Nov 2025SEK 2.5tSEK 1.2tSEK 109.9b24.6x22.7x2.1x
Fri, 10 Oct 2025SEK 2.5tSEK 1.2tSEK 113.3b22.9x22x2.1x
Sun, 07 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b22.8x21.3x2x
Tue, 05 Aug 2025SEK 2.3tSEK 1.2tSEK 113.3b23.8x20.4x2x
Thu, 03 Jul 2025SEK 2.4tSEK 1.2tSEK 123.4b23.8x19.3x2x
Sat, 31 May 2025SEK 2.3tSEK 1.2tSEK 123.4b23.2x18.9x1.9x
Mon, 28 Apr 2025SEK 2.3tSEK 1.2tSEK 123.4b22.1x18.5x1.9x
Wed, 26 Mar 2025SEK 2.6tSEK 1.2tSEK 125.4b24.7x20.5x2.1x
Fri, 21 Feb 2025SEK 2.7tSEK 1.2tSEK 125.5b27.1x21.9x2.3x
Sun, 19 Jan 2025SEK 2.6tSEK 1.2tSEK 124.3b26.5x20.8x2.1x
Tue, 17 Dec 2024SEK 2.5tSEK 1.2tSEK 124.3b26.1x20x2x
Thu, 14 Nov 2024SEK 2.5tSEK 1.2tSEK 124.4b26x19.9x2x
Sat, 12 Oct 2024SEK 2.6tSEK 1.2tSEK 130.0b24.9x20.1x2.1x
Mon, 09 Sep 2024SEK 2.4tSEK 1.2tSEK 130.0b25.5x18.4x1.9x
Wed, 07 Aug 2024SEK 2.4tSEK 1.2tSEK 129.9b23.4x18.3x1.9x
Fri, 05 Jul 2024SEK 2.6tSEK 1.2tSEK 125.4b26.9x21x2.1x
Sun, 02 Jun 2024SEK 2.7tSEK 1.2tSEK 125.4b25.7x21.6x2.2x
Tue, 30 Apr 2024SEK 2.7tSEK 1.2tSEK 125.4b26.5x21.2x2.1x
Thu, 28 Mar 2024SEK 2.7tSEK 1.2tSEK 127.0b24.9x21x2.1x
Sat, 24 Feb 2024SEK 2.5tSEK 1.2tSEK 126.9b24.3x19.8x2x
Mon, 22 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b21.1x19x1.9x
Wed, 20 Dec 2023SEK 2.4tSEK 1.2tSEK 119.8b22.1x20.2x2x
Fri, 17 Nov 2023SEK 2.2tSEK 1.2tSEK 118.5b21.8x18.8x1.8x
Sun, 15 Oct 2023SEK 2.2tSEK 1.2tSEK 111.4b22.5x19.5x1.8x
Tue, 12 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b22.3x19.5x1.8x
Thu, 10 Aug 2023SEK 2.2tSEK 1.2tSEK 111.4b23.4x19.5x1.8x
Sat, 08 Jul 2023SEK 2.2tSEK 1.1tSEK 106.2b24.2x20.3x1.9x
Price to Earnings Ratio

20.3x


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 21.3x202420252026
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 28.7x which is higher than its 3-year average PE of 21.3x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.7x.
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 Market1.73%
Industrials2.50%
Machinery2.68%
Agricultural Machinery3.53%
Construction Machinery and Vehicles2.78%
Industrial Machinery2.63%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 26.0x.
    • Analysts are expecting annual earnings growth of 11.7%, which is higher than its past year's earnings decline of 15.5% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 23.8x.
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 10% 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
ATCO A Atlas CopcoSEK 194.752.4%
+SEK 22.4b		23.8%PE36.4x
VOLV B AB VolvoSEK 327.502.9%
+SEK 18.9b		20.8%PE20.3x
SAND SandvikSEK 395.602.2%
+SEK 10.9b		77.4%PE33.5x
ALFA Alfa LavalSEK 579.203.9%
+SEK 9.1b		42.3%PE29.3x
INDT IndutradeSEK 204.407.8%
+SEK 5.4b		-22.6%PE29.4x

Latest News

ALFA
SEK 577.00
Alfa Laval
7D
5.6%
1Y
44.8%
FREEM
SEK 1.99
Freemelt Holding
7D
-6.1%
1Y
-11.2%
Narrative Update • Jun 26

FREEM: Recent Order Momentum Will Mask Near-Term Earnings Risk

Analysts have raised their price target for Freemelt Holding from SEK 1.40 to SEK 1.60, citing updated assumptions related to discount rates, revenue growth, profit margins and future P/E expectations. What’s in the News for Freemelt Holding Freemelt Holding secured an order from TAE Technologies to conduct a feasibility study, starting with printing tungsten components as part of an engineering evaluation and manufacturing demonstration, with the aim of progressing towards industrial application of additive manufacturing.
VOLV B
SEK 329.50
AB Volvo
7D
3.8%
1Y
23.9%
Narrative Update • Jun 24

VOLV B: Autonomous And Hydrogen Truck Progress Will Support Stronger Long Term Earnings

The analyst price target for AB Volvo has been raised to SEK 395 from SEK 385. Analysts point to the company's perceived structural strength, highlighted at recent events, as a key support for the updated valuation assumptions.
ATCO A
SEK 196.15
Atlas Copco
7D
2.9%
1Y
28.0%
Narrative Update • Jun 24

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

The analyst price target for Atlas Copco has been lifted by analysts to SEK 199.33 from SEK 194.43, reflecting updated assumptions around revenue growth, profit margins, a slightly higher future P/E multiple, and recent mixed but generally supportive Street research on the stock. Analyst Commentary Recent Street research on Atlas Copco presents a mix of upbeat and cautious views, with several analysts adjusting price targets in both directions and a couple of rating upgrades.
EPI A
SEK 265.90
Epiroc
7D
0.9%
1Y
28.5%
Narrative Update • Jun 22

EPI A: Autonomy Expansion And Equipment Partnerships Will Support Steady Future P/E

Analysts have nudged their fair value estimate for Epiroc up slightly from SEK 272.20 to SEK 274.35, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. What's in the News Epiroc won an order from Heidelberg Materials to adapt and implement its LinkOA autonomous solution for driverless haul trucks at a quarry in Western Australia, extending LinkOA from mining into the aggregates sector.
SAND
SEK 399.90
Sandvik
7D
1.8%
1Y
84.8%
Analysis Article • Jun 20

Sandvik (OM:SAND) Stock Looks 5.9% Overvalued After Barminco Mining Order

Sandvik’s new Barminco order puts mining demand in focus Sandvik (OM:SAND) has secured a SEK 350 million equipment order from Australian mining contractor Barminco for the Bellevue Gold Project, including underground loaders, trucks, drill rigs, and ongoing tools and service support. See our latest analysis for Sandvik. Sandvik’s recent SEK 350 million Barminco contract comes as momentum in the stock has been strong, with a 90 day share price return of 21.73% and a 1 year total shareholder...
TROAX
SEK 102.80
Troax Group
7D
-3.9%
1Y
-30.3%
Narrative Update • Jun 18

TROAX: Recycled Guarding Solutions Will Support Margins And Future Dividend Appeal

Analysts have nudged their price target for Troax Group slightly higher to about SEK 151 from around SEK 150, reflecting updated assumptions on the discount rate, revenue growth, profit margin and future P/E multiples. What’s in the News for Troax Group Troax is launching Smart Fix Re:Cycled, described as the world's first machine guarding mesh panel made entirely from recycled and low emission materials, as part of its Re:Guarding programme, source: company key developments.
INDT
SEK 200.40
Indutrade
7D
9.7%
1Y
-23.0%
Narrative Update • Jun 18

INDT: Fair Outlook Will Balance Lower P/E Assumptions And Createc Acquisition

Indutrade's analyst price target has been revised from SEK 230 to SEK 211, as analysts factor in updated assumptions on discount rates, revenue growth, profit margins and future P/E multiples, in line with recent Street research. What’s in the News for Indutrade Indutrade has signed an agreement to acquire all shares in Createc GmbH & Co. KG, a German specialist in high-performance composite components serving medical instruments, sealing solutions, pump bearing applications, medical technology, energy and process industry customers.
ENGCON B
SEK 61.30
engcon
7D
-4.8%
1Y
-32.0%
Narrative Update • Jun 18

ENGCON B: Legal Victory And Leadership Transition Will Support Future Upside

Analysts have kept their SEK fair value estimate for engcon unchanged at SEK 82, citing broadly stable assumptions for the discount rate, revenue growth, profit margin and future P/E. What’s in the News for engcon Krister Blomgren is set to leave the role as CEO of engcon AB (publ) after around 15 years in the position, following discussions with the company’s board.
HUSQ B
SEK 37.76
Husqvarna
7D
3.6%
1Y
-24.0%
Narrative Update • Jun 17

HUSQ B: Business Exit And SEB Upgrade Will Support Future Re Rating

The updated analyst price target for Husqvarna now stands at SEK 50.25, up from SEK 47.75, with analysts citing revised assumptions on revenue growth, profit margins, and future P/E multiples following recent research updates, including the SEB Equities upgrade. What’s in the News for Husqvarna Husqvarna plans to discontinue its non core stone diamond tools business within the Construction Division.
BEIA B
SEK 297.00
Beijer Alma
7D
3.3%
1Y
29.4%
Narrative Update • Jun 17

BEIA B: Dividend Structure And Refined Assumptions Will Support Fair Value

Analysts have nudged their fair value estimate for Beijer Alma stock from SEK 325 to SEK 328.50, citing updated assumptions around discount rates, revenue growth and profit margins, as well as a slightly adjusted future P/E multiple. What’s in the News for Beijer Alma Beijer Alma shareholders approved a dividend of SEK 4 per share for 2025 at the Annual General Meeting held on April 28, 2026, in line with the Board of Directors’ proposal.
TREL B
SEK 403.60
Trelleborg
7D
-3.5%
1Y
12.7%
Narrative Update • Jun 17

TREL B: Future View Will Weigh Gomet Deal Against Expanded Buybacks

The analyst price target for Trelleborg has moved slightly higher to SEK 420, supported by analysts pointing to updated assumptions on growth, margins and discount rate, alongside recent Street views that include an upgrade to Buy with a SEK 460 target and a separate SEK 10 reduction from Citi. Analyst Commentary Recent Street research on Trelleborg gives a mixed but useful read on how the stock is being viewed, with one upgrade alongside a small price target trim that both feed into the current SEK 420 analyst price target.
EPRO B
SEK 42.35
Electrolux Professional
7D
-2.4%
1Y
-37.7%
Narrative Update • Jun 12

EPRO B: Scandinavian Design Experiences Will Support Future Upside Potential

Analysts have maintained their fair value target for Electrolux Professional at SEK 67, making only small adjustments to assumptions such as the discount rate and future P/E to reflect updated risk and earnings expectations. What's in the News Electrolux Group, under the Electrolux brand, presented "The Swedish Home" installation at Milan Design Week 2026, focusing on calm, clarity and emotional wellbeing in modern homes, rooted in Scandinavian design principles.
OPTI
SEK 2.76
OptiCept Technologies
7D
-9.7%
1Y
-27.8%
SALT B
SEK 5.65
SaltX Technology Holding
7D
-23.5%
1Y
8.2%
XANO B
SEK 46.30
XANO Industri
7D
-1.1%
1Y
-23.3%