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Swedish (OMX) Machinery Industry Analysis

UpdatedMar 07, 2026
DataAggregated Company Financials
Companies37
  • 7D-8.2%
  • 3M8.2%
  • 1Y4.0%
  • YTD7.7%

Over the last 7 days, the Machinery industry has dropped 5.8%, driven by Atlas Copco declining 7.1%. Over the past 12 months, the industry was up 6.3%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Mar 2026SEK 2.8tSEK 1.2tSEK 106.7b22.8x26.3x2.4x
Mon, 02 Feb 2026SEK 2.8tSEK 1.2tSEK 106.4b25x26.7x2.5x
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
Price to Earnings Ratio

20.2x


Total Market Cap: SEK 2.0tTotal Earnings: SEK 97.3bTotal Revenue: SEK 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 20.6x202420252026
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 26.9x which is higher than its 3-year average PE of 20.6x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 3.1% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

SE Market-5.13%
Industrials-6.79%
Machinery-8.21%
Agricultural Machinery-5.63%
Construction Machinery and Vehicles-7.48%
Industrial Machinery-8.62%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 25.5x.
    • Analysts are expecting annual earnings growth of 9.8%, which is higher than its past year's earnings decline of 6.9% 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 15% over the next 5 years.
  • However this is lower than its past earnings growth rate of 33% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 9.8% 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
SALT B SaltX Technology HoldingSEK 3.932.3%
+SEK 17.9m		-12.4%PS16.8x
AERW B AerowashSEK 2.4920.9%
+SEK 5.7m		-69.3%PS0.6x
FLEXQ FlexQubeSEK 16.001.6%
+SEK 4.3m		102.0%PS2.6x
OXE OXE MarineSEK 0.282.2%
+SEK 4.2m		-20.5%PS1x
ENVI B EnvirologicSEK 29.000.7%
+SEK 2.0m		-16.7%PE25.6x

Latest News

SALT B
SEK 3.93
SaltX Technology Holding
7D
2.3%
1Y
-12.4%
ATCO A
SEK 174.75
Atlas Copco
7D
-10.4%
1Y
-4.7%
ALFA
SEK 513.20
Alfa Laval
7D
-4.1%
1Y
12.2%
SKF B
SEK 236.10
AB SKF
7D
-9.1%
1Y
-0.7%
OXE
SEK 0.28
OXE Marine
7D
2.2%
1Y
-20.5%
VOLV B
SEK 329.20
AB Volvo
7D
-6.4%
1Y
-1.3%
TREL B
SEK 365.10
Trelleborg
7D
-7.8%
1Y
-13.3%
INDT
SEK 219.20
Indutrade
7D
-6.6%
1Y
-27.5%
SAND
SEK 366.30
Sandvik
7D
-8.3%
1Y
56.7%

SAND: Higher Multiple Assumptions Will Likely Constrain Future Share Returns

Our updated fair value estimate for Sandvik moves to SEK 329.30 from SEK 282.56. This reflects analysts' refreshed price targets around SEK 350 and above, which are supported by assumptions of higher revenue growth, stronger profit margins, and a slightly richer future P/E multiple.
EPI A
SEK 244.60
Epiroc
7D
-10.0%
1Y
15.7%

EPI A: Index Addition Will Coincide With Cautious Stance On Rich P/E

Analysts have nudged their fair value estimate for Epiroc slightly higher from SEK 232.45 to SEK 232.95, reflecting modest adjustments to the discount rate, long term revenue growth, profit margin assumptions, and future P/E expectations. What's in the News Epiroc AB (publ) has been added to the OMX Nordic 40 Index, which can influence how index funds and ETFs that track this benchmark gain exposure to the stock (Key Developments).
PCOM B
SEK 0.95
Precomp Solutions
7D
5.6%
1Y
3.8%
BOMILL
SEK 0.46
BoMill
7D
0.2%
1Y
-51.3%
FLEXQ
SEK 16.00
FlexQube
7D
1.6%
1Y
102.0%
AERW B
SEK 2.49
Aerowash
7D
20.9%
1Y
-69.3%
ENVI B
SEK 29.00
Envirologic
7D
0.7%
1Y
-16.7%