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Swedish (OMX) Machinery Industry Analysis

UpdatedJul 15, 2026
DataAggregated Company Financials
Companies38
  • 7D0.1%
  • 3M2.9%
  • 1Y23.7%
  • YTD14.1%

Over the last 7 days, the Machinery industry has remained flat. As for the the longer term, the industry is up 24% over the past 12 months. 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, 15 Jul 2026SEK 3.0tSEK 1.1tSEK 104.8b26.8x28.4x2.6x
Fri, 12 Jun 2026SEK 2.8tSEK 1.1tSEK 104.8b25.6x27x2.5x
Sun, 10 May 2026SEK 2.9tSEK 1.1tSEK 104.7b25.8x27.5x2.5x
Tue, 07 Apr 2026SEK 2.7tSEK 1.2tSEK 106.7b23.7x25.3x2.4x
Thu, 05 Mar 2026SEK 2.9tSEK 1.2tSEK 106.7b23.7x27.3x2.5x
Sat, 31 Jan 2026SEK 2.8tSEK 1.2tSEK 107.4b24.2x26.5x2.5x
Mon, 29 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.4x23.4x2.2x
Wed, 26 Nov 2025SEK 2.5tSEK 1.2tSEK 109.9b23.9x22.6x2.1x
Fri, 24 Oct 2025SEK 2.5tSEK 1.2tSEK 111.2b23.8x22.6x2.1x
Sun, 21 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b23.2x21.6x2.1x
Tue, 19 Aug 2025SEK 2.4tSEK 1.2tSEK 113.3b23.5x20.9x2x
Thu, 17 Jul 2025SEK 2.4tSEK 1.2tSEK 123.3b24.5x19.4x2x
Sat, 14 Jun 2025SEK 2.3tSEK 1.2tSEK 123.4b23.5x18.7x1.9x
Mon, 12 May 2025SEK 2.3tSEK 1.2tSEK 123.3b21.6x18.7x1.9x
Wed, 09 Apr 2025SEK 2.1tSEK 1.2tSEK 125.5b21.3x16.6x1.7x
Fri, 07 Mar 2025SEK 2.7tSEK 1.2tSEK 125.4b25.8x21.6x2.2x
Sun, 02 Feb 2025SEK 2.7tSEK 1.2tSEK 125.3b27.5x21.4x2.2x
Tue, 31 Dec 2024SEK 2.4tSEK 1.2tSEK 124.3b26x19.4x2x
Thu, 28 Nov 2024SEK 2.4tSEK 1.2tSEK 124.4b25x19.6x2x
Sat, 26 Oct 2024SEK 2.5tSEK 1.2tSEK 124.7b28.2x20.4x2.1x
Mon, 23 Sep 2024SEK 2.5tSEK 1.2tSEK 130.0b26.2x19.4x2x
Wed, 21 Aug 2024SEK 2.5tSEK 1.2tSEK 129.9b25.1x19.3x2x
Fri, 19 Jul 2024SEK 2.6tSEK 1.2tSEK 125.4b25.4x20.9x2.1x
Sun, 16 Jun 2024SEK 2.6tSEK 1.2tSEK 125.4b26.9x21x2.1x
Tue, 14 May 2024SEK 2.7tSEK 1.2tSEK 125.4b27.3x21.6x2.2x
Thu, 11 Apr 2024SEK 2.6tSEK 1.2tSEK 127.0b24.3x20.7x2.1x
Sat, 09 Mar 2024SEK 2.6tSEK 1.2tSEK 127.0b23x20.4x2.1x
Mon, 05 Feb 2024SEK 2.4tSEK 1.3tSEK 126.7b21.9x18.8x1.9x
Wed, 03 Jan 2024SEK 2.4tSEK 1.2tSEK 119.8b22.3x20.1x2x
Fri, 01 Dec 2023SEK 2.3tSEK 1.2tSEK 119.8b21.6x19x1.8x
Sun, 29 Oct 2023SEK 2.0tSEK 1.2tSEK 118.6b20.2x17.3x1.7x
Tue, 26 Sep 2023SEK 2.1tSEK 1.2tSEK 111.4b22.1x19.2x1.8x
Thu, 24 Aug 2023SEK 2.1tSEK 1.2tSEK 111.3b20.7x19.1x1.8x
Sat, 22 Jul 2023SEK 2.2tSEK 1.2tSEK 111.4b24.6x19.5x1.8x
Price to Earnings Ratio

19.5x


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 28.4x 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
  • The earnings for companies in the Machinery industry have declined 2.0% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

SE Market-0.81%
Industrials-1.12%
Machinery0.10%
Industrial Machinery0.56%
Construction Machinery and Vehicles-0.75%
Agricultural Machinery-1.16%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 26.1x.
    • Analysts are expecting annual earnings growth of 12.1%, which is higher than its past year's earnings decline of 14.9% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 23.6x.
Forecasted Growth
  • Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 15% 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 11% 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 338.501.4%
+SEK 9.8b		25.7%PE20.9x
ATCO A Atlas CopcoSEK 186.850.8%
+SEK 7.6b		18.8%PE35x
SAND SandvikSEK 384.101.5%
+SEK 6.9b		63.7%PE32.5x
INDT IndutradeSEK 217.808.7%
+SEK 6.3b		-9.9%PE31.3x
SKF B AB SKFSEK 260.304.1%
+SEK 4.6b		16.9%PE31.5x

Latest News

TROAX
SEK 134.00
Troax Group
7D
29.6%
1Y
-10.9%
INDT
SEK 217.80
Indutrade
7D
8.7%
1Y
-9.9%
XANO B
SEK 47.70
XANO Industri
7D
-0.8%
1Y
-25.8%
SKF B
SEK 260.30
AB SKF
7D
4.1%
1Y
16.9%
Narrative Update • Jul 10

SKF B: Recent Robotics Deals Will Likely Fail To Justify Rich Pricing

The analyst fair value estimate for AB SKF has been adjusted from SEK 205.0 to SEK 209.32, with analysts pointing to a series of recent price target revisions in the SEK 230 to SEK 280 range as support for the higher valuation. Analyst Commentary Recent research on AB SKF points to a mixed backdrop, with several large banks lifting price targets while pockets of caution remain.
ATCO A
SEK 186.85
Atlas Copco
7D
0.8%
1Y
18.8%
Narrative Update • Jul 08

ATCO A: Rich P E And Dividend Payouts Will Test Sentiment

The analyst fair value estimate for Atlas Copco has been raised from SEK 140.20 to SEK 150.76, reflecting updated price targets and mixed, but generally supportive, recent Street research commentary from several firms. Analyst Commentary Recent Street research on Atlas Copco has been mixed, with some firms lifting price targets while others have trimmed their expectations or expressed more cautious views.
SAND
SEK 384.10
Sandvik
7D
1.5%
1Y
63.7%
Narrative Update • Jul 06

SAND: Mining Orders And Filtration Acquisition Will Support Higher Future Fair Value

The analyst fair value estimate for Sandvik has been raised by SEK 10 to SEK 460, reflecting a mix of higher SEK 445, SEK 425 and other revised price targets from recent analyst updates on the stock. Analyst Commentary Recent research on Sandvik points to a mix of views, but the latest fair value adjustment is anchored in several bullish price target revisions that highlight confidence in the company’s execution and earnings power.
EPI A
SEK 251.90
Epiroc
7D
-0.4%
1Y
15.7%
Narrative Update • Jul 06

EPI A: Autonomy And Key Partnerships Will Support Stronger Long-Term Outlook

Analysts have raised their price target on Epiroc from SEK 280 to SEK 330, citing updated assumptions for revenue growth, profit margins and future P/E that they say support a higher fair value estimate. What’s in the News for Epiroc AlphaValue/Baader Europe upgraded Epiroc to Buy and raised its price target, with the firm citing increased confidence in Epiroc’s outlook (source: AlphaValue/Baader Europe).
TREL B
SEK 412.00
Trelleborg
7D
2.5%
1Y
11.8%
Narrative Update • Jul 03

TREL B: Future View Will Balance Expanded Buybacks And Recent Rating Upgrade

Trelleborg’s analyst price target has been raised from SEK 420.09 to SEK 428.73, as analysts point to updated assumptions around fair value, revenue growth, profit margin and future P/E following recent positive Street research, including an upgrade to Buy with a SEK 460 target. What’s in the News for Trelleborg Trelleborg has commenced a share repurchase program from April 27, 2026, authorized to buy back up to 12,718,000 class B shares, equal to 5.45% of its issued share capital, with total treasury holdings capped at 10% of issued share capital.
OPTI
SEK 2.91
OptiCept Technologies
7D
-8.2%
1Y
-22.1%
ALFA
SEK 560.20
Alfa Laval
7D
1.3%
1Y
34.6%
Narrative Update • Jul 01

ALFA: Elevated P E Multiples Will Test Renewable Contract Execution Risks

The updated analyst price target for Alfa Laval now stands at SEK 420.61, compared with the prior SEK 430.00. This reflects a blend of recent target increases toward SEK 580 and reductions toward SEK 370 as analysts reassess assumptions on growth, margins and valuation multiples.
VOLV B
SEK 338.50
AB Volvo
7D
1.4%
1Y
25.7%
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.
CNCJO B
SEK 46.80
Concejo
7D
-2.7%
1Y
15.3%
GARPCO B
SEK 256.00
Garpco Aktiebolag
7D
-7.9%
1Y
8.5%
SINT
SEK 101.50
SinterCast
7D
-3.3%
1Y
-11.7%
FLEXQ
SEK 28.80
FlexQube
7D
-3.0%
1Y
260.9%
IMPC
SEK 3.81
Impact Coatings
7D
-4.8%
1Y
0%