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Swedish (OMX) Machinery Industry Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies37
  • 7D4.2%
  • 3M3.9%
  • 1Y2.5%
  • YTD2.6%

The Machinery industry is up 3.9% in the last week, with AB Volvo up 6.9%. During this same period, the Cavotec Group underperformed, falling 5.1%. Overall in the last year, the industry is flat. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 28 Nov 2025SEK 2.4tSEK 1.2tSEK 109.9b23.2x21.9x2.1x
Sun, 26 Oct 2025SEK 2.5tSEK 1.2tSEK 110.7b24.4x23x2.2x
Tue, 23 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b22.8x21.5x2.1x
Thu, 21 Aug 2025SEK 2.4tSEK 1.2tSEK 113.3b23.6x21.3x2x
Sat, 19 Jul 2025SEK 2.3tSEK 1.2tSEK 114.8b24.5x20.3x2x
Mon, 16 Jun 2025SEK 2.3tSEK 1.2tSEK 123.4b23.5x18.7x1.9x
Wed, 14 May 2025SEK 2.4tSEK 1.2tSEK 123.4b22.4x19.7x2x
Fri, 11 Apr 2025SEK 2.1tSEK 1.4tSEK 125.0b21.3x17.1x1.5x
Sun, 09 Mar 2025SEK 2.7tSEK 1.2tSEK 125.4b25.9x21.5x2.2x
Tue, 04 Feb 2025SEK 2.7tSEK 1.2tSEK 125.3b27x21.4x2.2x
Thu, 02 Jan 2025SEK 2.4tSEK 1.2tSEK 124.3b26x19.4x2x
Sat, 30 Nov 2024SEK 2.5tSEK 1.2tSEK 124.4b25.9x19.7x2x
Mon, 28 Oct 2024SEK 2.5tSEK 1.2tSEK 124.7b28.2x20.4x2.1x
Wed, 25 Sep 2024SEK 2.6tSEK 1.2tSEK 130.0b25.7x19.7x2.1x
Fri, 23 Aug 2024SEK 2.5tSEK 1.2tSEK 129.9b24.9x19.4x2x
Sun, 21 Jul 2024SEK 2.6tSEK 1.2tSEK 130.4b25.1x19.8x2.1x
Tue, 18 Jun 2024SEK 2.6tSEK 1.2tSEK 125.4b27.3x21x2.1x
Thu, 16 May 2024SEK 2.7tSEK 1.2tSEK 125.4b26x21.9x2.2x
Sat, 13 Apr 2024SEK 2.6tSEK 1.2tSEK 127.0b23.8x20.4x2.1x
Mon, 11 Mar 2024SEK 2.6tSEK 1.2tSEK 127.0b23x20.4x2.1x
Wed, 07 Feb 2024SEK 2.4tSEK 1.2tSEK 126.6b22.1x18.8x1.9x
Fri, 05 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b23x19.5x1.9x
Sun, 03 Dec 2023SEK 2.3tSEK 1.2tSEK 119.8b22.2x19.1x1.9x
Tue, 31 Oct 2023SEK 2.0tSEK 1.2tSEK 118.6b20.8x17.2x1.7x
Thu, 28 Sep 2023SEK 2.1tSEK 1.2tSEK 111.4b22x18.9x1.8x
Sat, 26 Aug 2023SEK 2.1tSEK 1.2tSEK 111.3b20.6x19x1.8x
Mon, 24 Jul 2023SEK 2.2tSEK 1.2tSEK 111.4b24.5x19.5x1.8x
Wed, 21 Jun 2023SEK 2.2tSEK 1.1tSEK 106.2b24.1x20.6x1.9x
Fri, 19 May 2023SEK 2.2tSEK 1.1tSEK 106.1b23.2x20.4x1.9x
Sun, 16 Apr 2023SEK 2.1tSEK 1.1tSEK 97.3b23.4x21.7x1.9x
Tue, 14 Mar 2023SEK 2.0tSEK 1.1tSEK 97.3b22.3x20.2x1.8x
Thu, 09 Feb 2023SEK 2.1tSEK 1.1tSEK 97.5b22.6x21.2x1.9x
Sat, 07 Jan 2023SEK 2.0tSEK 1.0tSEK 101.9b17.5x19.3x1.9x
Mon, 05 Dec 2022SEK 2.0tSEK 1.0tSEK 101.8b17.2x19.4x1.9x
Price to Earnings Ratio

19.4x


Total Market Cap: SEK 2.0tTotal Earnings: SEK 101.8bTotal Revenue: SEK 1.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 20.1x202320242025
Current Industry PE
  • Investors are relatively neutral on the Swedish Machinery 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 20.1x.
  • The industry is trading close to its 3-year average PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 2.6% per year over the last three years.
  • Revenues for these companies have grown 4.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

SE Market3.22%
Industrials3.12%
Machinery4.19%
Construction Machinery and Vehicles6.63%
Agricultural Machinery3.81%
Industrial Machinery2.99%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 25.0x.
    • Analysts are expecting annual earnings growth of 9.9%, which is higher than its past year's earnings growth of 0.5% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 25.3x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings decline of 0.4% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 9.9% 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
VOLV B AB VolvoSEK 284.506.9%
+SEK 37.4b		4.4%PE16.3x
ATCO A Atlas CopcoSEK 158.653.7%
+SEK 27.3b		-7.9%PE28x
EPI A EpirocSEK 202.306.0%
+SEK 13.9b		2.1%PE28.4x
SAND SandvikSEK 284.602.0%
+SEK 6.9b		41.5%PE24.1x
ALFA Alfa LavalSEK 444.002.0%
+SEK 3.7b		-4.7%PE22x

Latest News

INDT
SEK 234.00
Indutrade
7D
3.4%
1Y
-15.2%

INDT: Future Acquisitions And Stable Margins Will Drive Long-Term Value

Analysts have revised Indutrade's price target down to SEK 235, compared with higher prior levels. This adjustment is due to more tempered growth expectations and recent downgrades in research coverage.
SALT B
SEK 4.77
SaltX Technology Holding
7D
-4.1%
1Y
25.0%
BIOEX
SEK 2.00
Bioextrax
7D
-6.1%
1Y
-44.1%
VOLV B
SEK 284.50
AB Volvo
7D
6.9%
1Y
4.4%

VOLV B: Margin Pressures And Tariff Risks Will Shape Near-Term Prospects

AB Volvo's average analyst price target has declined slightly, as recent updates reflect concerns among analysts about potential margin pressures and tariff headwinds. This has resulted in revised estimates ranging from SEK 242 to SEK 298.
ALFA
SEK 444.00
Alfa Laval
7D
2.0%
1Y
-4.7%

ALFA: Recent Upgrades And Partnerships Will Support Durable Performance Ahead

The fair value estimate for Alfa Laval has increased modestly by SEK 1.71 to SEK 467.64. This adjustment reflects analysts' improved outlook based on recent upward revisions in price targets, alongside expectations of steady revenue growth and profitability.
TREL B
SEK 387.40
Trelleborg
7D
2.3%
1Y
9.6%

TREL B: Revenue Outlook And Price Expectations Will Shape Share Moves

Analysts have raised their price target for Trelleborg from SEK 365 to SEK 370, citing modest improvements in revenue growth as well as expectations for a higher future price-to-earnings ratio. Analyst Commentary Bullish Takeaways A modest upward revision of the price target signals analysts' confidence in Trelleborg's potential for incremental revenue growth.
SAND
SEK 284.60
Sandvik
7D
2.0%
1Y
41.5%

SAND: Continued Execution Will Determine Fair Value Stability Amid Sector Shifts

Sandvik's analyst price target has increased modestly to SEK 282.56, as analysts cite a series of upward revisions from major institutions. This reflects continued optimism around the company's growth prospects.
SKF B
SEK 245.30
AB SKF
7D
3.1%
1Y
17.8%

SKF B: Share Outlook Will Balance Automotive Spin-Off Hopes and Market Risks

Analysts have marginally increased their fair value estimate for AB SKF to SEK 260.79 from SEK 257, following recent adjustments in price targets in light of mixed outlooks on the company's growth prospects and profit margins. Analyst Commentary Recent analyst updates highlight a mix of optimism and caution regarding AB SKF’s growth outlook and share valuation.
CNCJO B
SEK 42.70
Concejo
7D
-4.9%
1Y
8.9%
ATCO A
SEK 158.65
Atlas Copco
7D
3.7%
1Y
-7.9%
CCC
SEK 14.10
Cavotec Group
7D
-5.1%
1Y
n/a
OXE
SEK 0.39
OXE Marine
7D
-3.0%
1Y
-0.5%

Positive Sentiment Still Eludes OXE Marine AB (publ) (STO:OXE) Following 27% Share Price Slump

Nov 09
Positive Sentiment Still Eludes OXE Marine AB (publ) (STO:OXE) Following 27% Share Price Slump
CI
SEK 0.39
Cell Impact
7D
-7.2%
1Y
-77.7%
GARPCO B
SEK 250.00
Garpco Aktiebolag
7D
-3.8%
1Y
4.6%

Is Garpco Aktiebolag (NGM:GARPCO B) A Risky Investment?

Nov 06
Is Garpco Aktiebolag (NGM:GARPCO B) A Risky Investment?
XANO B
SEK 62.50
XANO Industri
7D
-1.7%
1Y
9.3%
EPI A
SEK 202.30
Epiroc
7D
6.0%
1Y
2.1%

Epiroc AB (publ) Just Missed Earnings - But Analysts Have Updated Their Models

Nov 01
Epiroc AB (publ) Just Missed Earnings - But Analysts Have Updated Their Models