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Swedish (OMX) Machinery Industry Analysis

UpdatedMar 22, 2026
DataAggregated Company Financials
Companies37
  • 7D-7.6%
  • 3M-1.2%
  • 1Y-0.1%
  • YTD-2.7%

Over the last 7 days, the Machinery industry has dropped 7.6%, driven by AB Volvo declining 11%. Meanwhile, FlexQube actually outperformed within the industry, gaining 8.6% in the last week. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Mar 2026SEK 2.5tSEK 1.2tSEK 106.7b20.7x23.8x2.2x
Tue, 17 Feb 2026SEK 3.0tSEK 1.1tSEK 106.7b24.5x27.9x2.6x
Thu, 15 Jan 2026SEK 2.7tSEK 1.2tSEK 109.9b24.9x24.9x2.3x
Sat, 13 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.4x23.6x2.2x
Mon, 10 Nov 2025SEK 2.4tSEK 1.2tSEK 109.9b24.1x22.2x2.1x
Wed, 08 Oct 2025SEK 2.5tSEK 1.2tSEK 113.3b22.8x22.2x2.1x
Fri, 05 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b22.7x21x2x
Sun, 03 Aug 2025SEK 2.3tSEK 1.2tSEK 113.3b23.6x20.4x2x
Tue, 01 Jul 2025SEK 2.3tSEK 1.2tSEK 123.4b23.2x18.8x1.9x
Thu, 29 May 2025SEK 2.4tSEK 1.2tSEK 123.4b23.8x19.1x1.9x
Sat, 26 Apr 2025SEK 2.3tSEK 1.2tSEK 123.4b22.1x18.5x1.9x
Mon, 24 Mar 2025SEK 2.6tSEK 1.2tSEK 125.4b24.7x20.3x2.1x
Wed, 19 Feb 2025SEK 2.8tSEK 1.2tSEK 125.6b27.6x22.2x2.3x
Fri, 17 Jan 2025SEK 2.5tSEK 1.2tSEK 124.3b26.2x20.4x2.1x
Sun, 15 Dec 2024SEK 2.5tSEK 1.2tSEK 124.3b26.4x20.2x2.1x
Tue, 12 Nov 2024SEK 2.6tSEK 1.2tSEK 124.4b27.3x20.7x2.1x
Thu, 10 Oct 2024SEK 2.6tSEK 1.2tSEK 130.0b25.2x20.2x2.1x
Sat, 07 Sep 2024SEK 2.4tSEK 1.2tSEK 130.0b25.5x18.4x1.9x
Mon, 05 Aug 2024SEK 2.4tSEK 1.2tSEK 129.9b23.8x18.7x2x
Wed, 03 Jul 2024SEK 2.6tSEK 1.2tSEK 125.4b26.6x21.1x2.1x
Fri, 31 May 2024SEK 2.7tSEK 1.2tSEK 125.4b25.4x21.5x2.2x
Sun, 28 Apr 2024SEK 2.6tSEK 1.2tSEK 125.4b26.1x21x2.1x
Tue, 26 Mar 2024SEK 2.7tSEK 1.2tSEK 127.0b24.4x21.1x2.1x
Thu, 22 Feb 2024SEK 2.5tSEK 1.2tSEK 126.9b22.9x19.6x2x
Sat, 20 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b21.1x19x1.9x
Mon, 18 Dec 2023SEK 2.4tSEK 1.2tSEK 119.8b22.3x20.2x2x
Wed, 15 Nov 2023SEK 2.2tSEK 1.2tSEK 118.5b21.8x18.4x1.8x
Fri, 13 Oct 2023SEK 2.2tSEK 1.2tSEK 111.4b23.3x19.8x1.8x
Sun, 10 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b22.3x19.3x1.8x
Tue, 08 Aug 2023SEK 2.2tSEK 1.2tSEK 111.4b23.8x19.7x1.8x
Thu, 06 Jul 2023SEK 2.2tSEK 1.1tSEK 106.2b23.8x20.5x1.9x
Sat, 03 Jun 2023SEK 2.2tSEK 1.1tSEK 106.2b24x20.9x1.9x
Mon, 01 May 2023SEK 2.2tSEK 1.1tSEK 106.1b23.8x20.4x1.9x
Wed, 29 Mar 2023SEK 2.0tSEK 1.1tSEK 97.3b22.4x20.5x1.8x
Price to Earnings Ratio

20.5x


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 20.7x202420252026
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 23.8x which is higher than its 3-year average PE of 20.7x.
  • 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 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-4.91%
Industrials-6.37%
Machinery-7.57%
Industrial Machinery-6.07%
Agricultural Machinery-6.39%
Construction Machinery and Vehicles-10.37%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 25.6x.
    • 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 25.1x.
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
FLEXQ FlexQubeSEK 21.508.6%
+SEK 29.3m		194.5%PS3.5x
SINT SinterCastSEK 89.604.4%
+SEK 26.8m		-15.5%PE25.7x
CNCJO B ConcejoSEK 46.405.0%
+SEK 25.7m		20.2%PE10.8x
ENRAD EnradSEK 11.105.2%
+SEK 14.9m		-8.3%PS5.4x
AERW B AerowashSEK 2.4920.9%
+SEK 5.7m		-69.3%PS0.6x

Latest News

CNCJO B
SEK 46.40
Concejo
7D
5.0%
1Y
20.2%
ALFA
SEK 506.20
Alfa Laval
7D
-3.5%
1Y
11.6%

ALFA: Elevated P E Multiples Will Test Tanker Order Resilience

Analysts have lifted the SEK 500 price target on Alfa Laval by SEK 10 to SEK 510, citing recent upward revisions that reflect tanker order expectations, a shift to Equal Weight ratings, and more neutral valuation views across recent research. Analyst Commentary Recent research on Alfa Laval has centered on order intake expectations, especially around tanker activity, and how these assumptions line up with current valuation.
TREL B
SEK 331.20
Trelleborg
7D
-6.4%
1Y
-17.2%

TREL B: Future View Will Center On Structural Shift Conviction

Analysts have made a modest adjustment to their SEK-based price target for Trelleborg, reflecting mixed recent views that include a SEK 10 reduction from some banks, alongside continued support for the company’s shift toward structural growth areas and its addition to a European conviction list. Analyst Commentary Bullish Takeaways Goldman Sachs adding Trelleborg to its European Conviction List signals confidence that the current valuation still leaves room for upside if the company delivers on its plans.
ATCO A
SEK 158.05
Atlas Copco
7D
-6.9%
1Y
-5.5%
INDT
SEK 200.60
Indutrade
7D
-5.4%
1Y
-31.1%

INDT: Refined Acquisition Pipeline And Dividend Policy Will Support Future Earnings Resilience

Analysts have nudged their SEK price target for Indutrade slightly higher, with the updated fair value estimate moving from about SEK 314.62 to roughly SEK 315.49, reflecting refreshed assumptions on growth, margins and future P/E after recent research updates. Analyst Commentary Bullish analysts point to the refreshed fair value estimate of about SEK 315.49 as a sign of steady confidence in Indutrade, even if the adjustment from roughly SEK 314.62 is modest.
SAND
SEK 334.10
Sandvik
7D
-6.2%
1Y
46.5%
EPI A
SEK 218.10
Epiroc
7D
-8.8%
1Y
3.0%
SKF B
SEK 210.80
AB SKF
7D
-5.4%
1Y
-3.9%
VOLV B
SEK 288.10
AB Volvo
7D
-11.1%
1Y
-6.7%

VOLV B: Truck Cycle Weakness And Tariff Effects Will Shape Future Returns

Analysts have lifted the AB Volvo price target by SEK 8 to reflect slightly higher modeled fair value, supported by a series of recent SEK 10 to SEK 30 target increases and mixed rating changes that point to adjusted assumptions for revenue growth and margins despite ongoing truck market headwinds. Analyst Commentary Recent Street research on AB Volvo reflects a mix of optimism on valuation upside and caution around the truck cycle, with several firms adjusting price targets while fine tuning ratings.
AGES B
SEK 47.90
AGES Industri
7D
1.3%
1Y
-22.5%
OXE
SEK 0.26
OXE Marine
7D
2.0%
1Y
-5.2%
SINT
SEK 89.60
SinterCast
7D
4.4%
1Y
-15.5%
FLEXQ
SEK 21.50
FlexQube
7D
8.6%
1Y
194.5%
AERW B
SEK 2.49
Aerowash
7D
20.9%
1Y
-69.3%
ENVI B
SEK 29.00
Envirologic
7D
0.7%
1Y
-16.7%
ENRAD
SEK 11.10
Enrad
7D
5.2%
1Y
-8.3%

We Think Enrad (NGM:ENRAD) Can Easily Afford To Drive Business Growth

Oct 14
We Think Enrad (NGM:ENRAD) Can Easily Afford To Drive Business Growth