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Swedish (OMX) Machinery Industry Analysis

UpdatedDec 31, 2025
DataAggregated Company Financials
Companies37
  • 7D1.2%
  • 3M7.8%
  • 1Y8.2%
  • YTD6.8%

In the last week, the Machinery industry is up 1.2%, with AB Volvo up 1.4%. This takes the industry's 12 month performance to a gain of 8.2%. 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
Wed, 31 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.7x23.7x2.2x
Fri, 28 Nov 2025SEK 2.5tSEK 1.2tSEK 109.9b23.9x22.8x2.1x
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
Price to Earnings Ratio

19.3x


Total Market Cap: SEK 2.0tTotal Earnings: SEK 101.9bTotal Revenue: SEK 1.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 20.3x20242025
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 23.7x which is higher than its 3-year average PE of 20.3x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.2x.
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 Market1.25%
Industrials1.07%
Machinery1.23%
Agricultural Machinery2.52%
Construction Machinery and Vehicles1.61%
Industrial Machinery1.01%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 25.2x.
    • Analysts are expecting annual earnings growth of 10.0%, 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 25.5x.
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 decline of 0.4% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 10.0% 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 295.901.4%
+SEK 8.1b		10.2%PE16.9x
SAND SandvikSEK 300.601.5%
+SEK 5.4b		51.6%PE25.5x
ATCO A Atlas CopcoSEK 166.050.7%
+SEK 5.4b		-1.7%PE29.3x
EPI A EpirocSEK 209.902.0%
+SEK 5.1b		9.0%PE29.5x
ALFA Alfa LavalSEK 465.700.9%
+SEK 1.8b		0.7%PE23.1x

Latest News

VOLV B
SEK 295.90
AB Volvo
7D
1.4%
1Y
10.2%

Investors Will Want AB Volvo's (STO:VOLV B) Growth In ROCE To Persist

Dec 28
Investors Will Want AB Volvo's (STO:VOLV B) Growth In ROCE To Persist
SAND
SEK 300.60
Sandvik
7D
1.5%
1Y
51.6%

SAND: Medium Term Margin Expansion And Cash Generation Will Drive Further Share Upside

The analyst price target for Sandvik has been increased modestly in SEK terms as analysts highlight slightly stronger revenue growth expectations, marginally higher profit margins and a marginally lower discount rate, offset by a small reduction in expected future P E multiples. Analyst Commentary Bullish analysts have become increasingly positive on Sandvik, with a series of price target hikes reflecting confidence in both the company’s execution and medium term growth profile.
TREL B
SEK 392.70
Trelleborg
7D
1.2%
1Y
3.7%

Is Trelleborg (STO:TREL B) Using Too Much Debt?

Dec 27
Is Trelleborg (STO:TREL B) Using Too Much Debt?
ATCO A
SEK 166.05
Atlas Copco
7D
0.7%
1Y
-1.7%

What Does Atlas Copco AB (publ)'s (STO:ATCO A) Share Price Indicate?

Dec 26
What Does Atlas Copco AB (publ)'s (STO:ATCO A) Share Price Indicate?
INDT
SEK 240.40
Indutrade
7D
1.3%
1Y
-13.2%

INDT: Buy-And-Build Acquisitions Will Drive Long-Term Earnings Resilience

Analysts have reduced their price target on Indutrade to approximately SEK 320 from SEK 400, reflecting a more conservative valuation multiple, despite slightly stronger growth and margin assumptions following recent downgrades to Hold. Analyst Commentary Bullish analysts acknowledge the recent downgrade to Hold but highlight that the revised assumptions still embed a constructive long term view on Indutrade, underpinned by resilient end market demand and disciplined capital allocation.
SKF B
SEK 245.80
AB SKF
7D
1.4%
1Y
18.4%
BAWAT
SEK 1.04
Bawat Water Technologies
7D
-4.6%
1Y
51.8%
ALFA
SEK 465.70
Alfa Laval
7D
0.9%
1Y
0.7%

ALFA: Raised Guidance And Partnerships Will Support Sustainable Medium Term Performance

We raise our analyst price target on Alfa Laval to SEK 479 from SEK 470, reflecting analysts' increased confidence in slightly faster revenue growth, a marginally lower discount rate, and a modestly higher future valuation multiple supported by recent target upgrades across the Street. Analyst Commentary Analyst sentiment around Alfa Laval remains skewed positively, with multiple recent target increases and at least one rating upgrade signaling rising conviction in the company’s medium term growth and earnings trajectory.
IMPC
SEK 1.41
Impact Coatings
7D
-5.1%
1Y
-65.6%
EPI A
SEK 209.90
Epiroc
7D
2.0%
1Y
9.0%

Epiroc AB (publ) (STO:EPI A) Investors Are Less Pessimistic Than Expected

Dec 02
Epiroc AB (publ) (STO:EPI A) Investors Are Less Pessimistic Than Expected
AGES B
SEK 54.00
AGES Industri
7D
-2.5%
1Y
-19.2%
CI
SEK 0.16
Cell Impact
7D
-8.0%
1Y
-88.7%
EASY B
SEK 0.14
EasyFill AB (publ.)
7D
-3.6%
1Y
-35.7%
AMNO
SEK 0.49
Amnode
7D
-21.6%
1Y
-41.9%
SENS
SEK 0.043
Sustainable Energy Solutions Sweden Holding
7D
-2.3%
1Y
-41.1%