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Swedish (OMX) Machinery Industry Analysis

UpdatedJul 22, 2026
DataAggregated Company Financials
Companies38
  • 7D-0.8%
  • 3M1.4%
  • 1Y26.0%
  • YTD13.2%

The Machinery is pretty flat in the last 7 days, but Atlas Copco has stood out, gaining 7.5%. As for the the longer term, the industry is up 26% over the past 12 months. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Jul 2026SEK 3.0tSEK 1.2tSEK 111.2b24.3x26.6x2.6x
Sat, 20 Jun 2026SEK 3.0tSEK 1.1tSEK 104.8b26.5x28.7x2.7x
Mon, 18 May 2026SEK 2.8tSEK 1.1tSEK 104.7b26x26.7x2.5x
Wed, 15 Apr 2026SEK 2.9tSEK 1.2tSEK 106.7b24.7x27.4x2.5x
Fri, 13 Mar 2026SEK 2.8tSEK 1.2tSEK 106.7b22.7x26.7x2.5x
Sun, 08 Feb 2026SEK 3.0tSEK 1.2tSEK 106.6b24.9x27.8x2.6x
Tue, 06 Jan 2026SEK 2.6tSEK 1.2tSEK 109.9b24.7x24.1x2.3x
Thu, 04 Dec 2025SEK 2.5tSEK 1.2tSEK 109.9b24.3x23x2.2x
Sat, 01 Nov 2025SEK 2.5tSEK 1.2tSEK 109.9b24.5x22.6x2.1x
Mon, 29 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b22.3x21.3x2x
Wed, 27 Aug 2025SEK 2.4tSEK 1.2tSEK 113.2b23.4x21.4x2x
Fri, 25 Jul 2025SEK 2.4tSEK 1.2tSEK 113.3b24.7x21.4x2x
Sun, 22 Jun 2025SEK 2.3tSEK 1.2tSEK 123.4b24x18.5x1.9x
Tue, 20 May 2025SEK 2.4tSEK 1.2tSEK 123.4b22.4x19.7x2x
Thu, 17 Apr 2025SEK 2.2tSEK 1.2tSEK 128.0b21.3x17.2x1.8x
Sat, 15 Mar 2025SEK 2.6tSEK 1.2tSEK 125.4b25.2x20.9x2.2x
Mon, 10 Feb 2025SEK 2.6tSEK 1.2tSEK 125.5b26.2x21.1x2.2x
Wed, 08 Jan 2025SEK 2.5tSEK 1.2tSEK 124.3b25.2x20x2x
Fri, 06 Dec 2024SEK 2.6tSEK 1.2tSEK 124.3b25.8x20.6x2.1x
Sun, 03 Nov 2024SEK 2.5tSEK 1.2tSEK 124.3b27.7x20.1x2x
Tue, 01 Oct 2024SEK 2.7tSEK 1.2tSEK 130.0b25.8x20.4x2.1x
Thu, 29 Aug 2024SEK 2.5tSEK 1.2tSEK 129.9b24.4x19.4x2x
Sat, 27 Jul 2024SEK 2.6tSEK 1.2tSEK 130.0b25.1x19.7x2.1x
Mon, 24 Jun 2024SEK 2.6tSEK 1.2tSEK 125.4b27.6x21.1x2.1x
Wed, 22 May 2024SEK 2.8tSEK 1.2tSEK 125.4b25.6x22x2.2x
Fri, 19 Apr 2024SEK 2.6tSEK 1.2tSEK 128.1b23.7x20.3x2.1x
Sun, 17 Mar 2024SEK 2.7tSEK 1.2tSEK 127.0b23.4x20.9x2.1x
Tue, 13 Feb 2024SEK 2.4tSEK 1.2tSEK 126.9b22.1x18.8x1.9x
Thu, 11 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b22.3x19.3x1.9x
Sat, 09 Dec 2023SEK 2.3tSEK 1.2tSEK 119.8b22x19.5x1.9x
Mon, 06 Nov 2023SEK 2.1tSEK 1.2tSEK 118.6b21.7x17.9x1.7x
Wed, 04 Oct 2023SEK 2.1tSEK 1.2tSEK 111.4b22.3x19.2x1.8x
Fri, 01 Sep 2023SEK 2.2tSEK 1.2tSEK 111.3b20.7x19.3x1.8x
Sun, 30 Jul 2023SEK 2.2tSEK 1.2tSEK 111.4b24.1x20x1.9x
Price to Earnings Ratio

20x


Total Market Cap: SEK 2.2tTotal Earnings: SEK 111.4bTotal Revenue: SEK 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 21.4x202420252026
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 26.6x which is higher than its 3-year average PE of 21.4x.
  • 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-0.10%
Industrials0.57%
Machinery-0.79%
Industrial Machinery-0.44%
Construction Machinery and Vehicles-1.45%
Agricultural Machinery-2.01%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 26.2x.
    • Analysts are expecting annual earnings growth of 12.3%, which is higher than its past year's earnings decline of 5.2% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 23.5x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Industrial 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
ATCO A Atlas CopcoSEK 200.907.5%
+SEK 68.6b		32.0%PE36.8x
VOLV B AB VolvoSEK 348.002.8%
+SEK 19.3b		21.4%PE19.7x
INDT IndutradeSEK 246.2013.0%
+SEK 10.3b		1.7%PE33.5x
ALFA Alfa LavalSEK 572.202.1%
+SEK 5.0b		34.2%PE28.9x
TREL B TrelleborgSEK 418.801.7%
+SEK 1.5b		15.8%PE24.6x

Latest News

EPI A
SEK 243.40
Epiroc
7D
-3.4%
1Y
18.2%
EPRO B
SEK 46.90
Electrolux Professional
7D
7.2%
1Y
-30.0%
VBG B
SEK 316.00
VBG Group
7D
-4.0%
1Y
7.6%
Analysis Article • 21h

VBG Group AB (publ) (STO:VBG B) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates

Last week, you might have seen that VBG Group AB (publ) ( STO:VBG B ) released its second-quarter result to the market...
ALFA
SEK 572.20
Alfa Laval
7D
2.1%
1Y
34.2%
SAND
SEK 349.40
Sandvik
7D
-9.0%
1Y
44.9%
Narrative Update • Jul 21

SAND: Mining Contract Wins And Q2 Execution Will Drive Further Upside

For Sandvik, the analyst fair value estimate has been raised from SEK 383.95 to SEK 394.15. This reflects updated views on valuation after recent price target revisions and rating changes across the Street research.
VOLV B
SEK 348.00
AB Volvo
7D
2.8%
1Y
21.4%
Narrative Update • Jul 20

VOLV B: Autonomous Trucks And Structural Strength Will Shape Balanced Future Returns

The analyst price target for AB Volvo has been revised higher to SEK 347.55 from SEK 339.60 as analysts factor in updated assumptions on revenue growth, profit margins and future P/E. This reflects recent Street research where price targets moved to SEK 290, SEK 350 and SEK 358 and views focused on the company's "position of structural strength." Analyst Commentary Recent Street research on AB Volvo shows a mix of optimism and caution, with price targets clustered around the SEK 290 to SEK 358 range and views shaped by the company’s capital markets day and execution track record.
ENGCON B
SEK 67.30
engcon
7D
8.0%
1Y
-10.9%
INDT
SEK 246.20
Indutrade
7D
13.0%
1Y
1.7%
Analysis Article • Jul 19

Results: Indutrade AB (publ) Exceeded Expectations And The Consensus Has Updated Its Estimates

Indutrade AB (publ) ( STO:INDT ) investors will be delighted, with the company turning in some strong numbers with its...
SKF B
SEK 255.80
AB SKF
7D
-1.7%
1Y
8.1%
ALIG
SEK 125.60
Alimak Group
7D
6.6%
1Y
-24.3%
TREL B
SEK 418.80
Trelleborg
7D
1.7%
1Y
15.8%
Narrative Update • Jul 18

TREL B: Share Repurchases And Dividend Policy Will Sustain Rich P/E

Analysts have raised their price target on Trelleborg to SEK 460, up from a previous fair value estimate of about SEK 340. They cite updated assumptions that include slightly higher revenue growth, modestly stronger profit margins and a lower future P/E multiple.
ATCO A
SEK 200.90
Atlas Copco
7D
7.5%
1Y
32.0%
HUSQ B
SEK 36.35
Husqvarna
7D
-1.6%
1Y
-33.4%
Narrative Update • Jul 15

HUSQ B: Portfolio Exit And Leadership Change Will Shape A Steady Path

The Husqvarna analyst price target has been reduced from SEK 42.0 to SEK 39.0, as analysts factor in a slightly higher discount rate, modestly adjusted profit margin expectations, and a lower assumed future P/E multiple, even though projected revenue growth is now set at a higher level than before. What’s in the News for Husqvarna Husqvarna plans to discontinue its non core stone diamond tools business within the Construction Division.
FREEM
SEK 1.56
Freemelt Holding
7D
-12.2%
1Y
-41.6%
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.
ARENIT SDB
SEK 98.20
Arenit Industrie
7D
-4.2%
1Y
n/a
OXE
SEK 0.26
OXE Marine
7D
-9.2%
1Y
-52.9%