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Swedish (OMX) Machinery Industry Analysis

UpdatedJun 03, 2026
DataAggregated Company Financials
Companies38
  • 7D0.6%
  • 3M-0.4%
  • 1Y26.1%
  • YTD11.3%

Over the last 7 days, the Machinery industry has dropped 1.6%, driven by Atlas Copco declining 5.3%. Meanwhile, Impact Coatings actually outperformed within the industry, gaining 28% in the last week. Over the past 12 months, the industry was up 25%. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 03 Jun 2026SEK 2.9tSEK 1.1tSEK 104.8b25.5x27.8x2.6x
Fri, 01 May 2026SEK 2.8tSEK 1.1tSEK 104.6b25.3x27.2x2.5x
Sun, 29 Mar 2026SEK 2.6tSEK 1.2tSEK 106.7b22.9x24.4x2.3x
Tue, 24 Feb 2026SEK 3.0tSEK 1.2tSEK 106.7b24.8x28.3x2.6x
Thu, 22 Jan 2026SEK 2.8tSEK 1.2tSEK 109.9b24.9x25.5x2.4x
Sat, 20 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.3x23.4x2.2x
Mon, 17 Nov 2025SEK 2.4tSEK 1.2tSEK 109.9b24.1x22.2x2.1x
Wed, 15 Oct 2025SEK 2.5tSEK 1.2tSEK 113.3b22.7x21.7x2.1x
Fri, 12 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b23.2x21.4x2x
Sun, 10 Aug 2025SEK 2.4tSEK 1.2tSEK 113.3b24.1x21x2x
Tue, 08 Jul 2025SEK 2.4tSEK 1.2tSEK 123.4b23.6x19.1x1.9x
Thu, 05 Jun 2025SEK 2.3tSEK 1.2tSEK 123.4b24.7x19x1.9x
Sat, 03 May 2025SEK 2.3tSEK 1.2tSEK 123.3b21.1x18.6x1.9x
Mon, 31 Mar 2025SEK 2.5tSEK 1.2tSEK 125.5b23.6x19.7x2x
Wed, 26 Feb 2025SEK 2.7tSEK 1.2tSEK 125.5b26.6x21.7x2.2x
Fri, 24 Jan 2025SEK 2.7tSEK 1.2tSEK 124.3b27.8x21.4x2.2x
Sun, 22 Dec 2024SEK 2.4tSEK 1.2tSEK 124.3b26.1x19.4x2x
Tue, 19 Nov 2024SEK 2.5tSEK 1.2tSEK 124.4b25.2x19.7x2x
Thu, 17 Oct 2024SEK 2.6tSEK 1.2tSEK 130.0b24.9x19.6x2x
Sat, 14 Sep 2024SEK 2.5tSEK 1.2tSEK 130.0b25.9x19x2x
Mon, 12 Aug 2024SEK 2.4tSEK 1.2tSEK 129.9b24.5x18.7x2x
Wed, 10 Jul 2024SEK 2.6tSEK 1.2tSEK 125.4b26.3x20.6x2.1x
Fri, 07 Jun 2024SEK 2.7tSEK 1.2tSEK 125.4b25.3x21.6x2.2x
Sun, 05 May 2024SEK 2.6tSEK 1.2tSEK 125.4b26.8x20.9x2.1x
Tue, 02 Apr 2024SEK 2.6tSEK 1.2tSEK 127.0b24.9x20.4x2.1x
Thu, 29 Feb 2024SEK 2.5tSEK 1.2tSEK 127.0b24.5x19.9x2x
Sat, 27 Jan 2024SEK 2.3tSEK 1.3tSEK 125.8b21.4x18.4x1.9x
Mon, 25 Dec 2023SEK 2.4tSEK 1.2tSEK 119.8b22.2x20.1x2x
Wed, 22 Nov 2023SEK 2.2tSEK 1.2tSEK 119.8b21.8x18.6x1.8x
Fri, 20 Oct 2023SEK 2.1tSEK 1.2tSEK 116.8b21.4x17.8x1.7x
Sun, 17 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b22.1x19.6x1.8x
Tue, 15 Aug 2023SEK 2.2tSEK 1.2tSEK 111.3b23.3x19.4x1.8x
Thu, 13 Jul 2023SEK 2.2tSEK 1.1tSEK 106.2b24.3x20.7x1.9x
Sat, 10 Jun 2023SEK 2.2tSEK 1.1tSEK 106.2b23.9x21x1.9x
Price to Earnings Ratio

21x


Total Market Cap: SEK 2.2tTotal Earnings: SEK 106.2bTotal Revenue: SEK 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 21.1x202420252026
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 27.5x which is higher than its 3-year average PE of 21.1x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.5x.
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-0.92%
Industrials-0.66%
Machinery0.60%
Construction Machinery and Vehicles2.26%
Industrial Machinery-0.23%
Agricultural Machinery-2.28%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 25.9x.
    • Analysts are expecting annual earnings growth of 11.5%, 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 24.2x.
Forecasted Growth
  • Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings decline of 6.6% 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
VOLV B AB VolvoSEK 327.202.1%
+SEK 13.4b		26.1%PE20.2x
ATCO A Atlas CopcoSEK 182.001.3%
+SEK 11.2b		18.1%PE34x
EPI A EpirocSEK 277.103.2%
+SEK 10.3b		30.1%PE39.4x
SKF B AB SKFSEK 248.401.8%
+SEK 2.0b		19.1%PE30.1x
TREL B TrelleborgSEK 401.000.7%
+SEK 580.8m		15.6%PE24.7x

Latest News

OPTI
SEK 2.92
OptiCept Technologies
7D
43.5%
1Y
-26.7%
SAND
SEK 382.60
Sandvik
7D
-1.3%
1Y
83.8%
Narrative Update • Jun 02

SAND: Higher P/E Assumptions Will Test Mining Cycle Delivery Timing

Sandvik's updated fair value estimate has moved from SEK 226.86 to SEK 268.47. Analysts point to a series of recent price target adjustments and mixed rating changes that reflect revised assumptions for growth, margins and future P/E expectations.
TREL B
SEK 401.00
Trelleborg
7D
0.7%
1Y
15.6%
Narrative Update • Jun 01

TREL B: Future View Will Balance Citi Cut Against Expanded Buyback Plans

Analysts have made a small upward adjustment to their fair value estimate for Trelleborg, lifting the price target by about SEK 3 to SEK 415.55. This reflects updated assumptions on discount rate, revenue growth and future P/E, while incorporating recent Street research including Citi's SEK 10 price target cut.
EPI A
SEK 277.10
Epiroc
7D
3.2%
1Y
30.1%
INDT
SEK 186.70
Indutrade
7D
-6.7%
1Y
-28.0%
EPRO B
SEK 47.00
Electrolux Professional
7D
-2.7%
1Y
-27.4%
Narrative Update • May 29

EPRO B: Design Led Kitchen Experiences Will Support Future Upside

Analysts have adjusted the fair value estimate for Electrolux Professional from SEK 64 to SEK 67. This change reflects updated assumptions on the discount rate, revenue growth, profit margins, and a higher future P/E multiple.
SKF B
SEK 248.40
AB SKF
7D
1.8%
1Y
19.1%
Narrative Update • May 28

SKF B: Mixed Rating Shifts Will Shape Balanced SEK 257 Return Profile

AB SKF’s updated analyst price target has been adjusted slightly lower to about SEK 257 as analysts weigh mixed recent target changes and ratings shifts against updated assumptions for growth, margins and P/E. Analyst Commentary Recent research shows a mix of upgraded ratings alongside both higher and lower price targets, which leaves the stock sitting in the middle of a tug of war between confidence in execution and questions around valuation and earnings power.
VOLV B
SEK 327.20
AB Volvo
7D
2.1%
1Y
26.1%
Narrative Update • May 27

VOLV B: Elevated Hopes For Truck Margins Will Likely Pressure Future Returns

Analysts have lifted the fair value estimate for AB Volvo from SEK 262 to SEK 270, citing updated assumptions for slightly higher revenue growth, profit margins, and future P/E multiples, along with recent Street research that includes higher price targets and mixed but generally constructive coverage. Analyst Commentary Recent Street research on AB Volvo paints a mixed picture, with some firms raising price targets and others turning more cautious.
VBG B
SEK 329.00
VBG Group
7D
-3.9%
1Y
31.8%
ALFA
SEK 522.60
Alfa Laval
7D
-2.6%
1Y
28.4%
Narrative Update • May 19

ALFA: Future Tanker Orders And Order Momentum Will Support Higher Fair Value Estimate

Narrative Update The analyst price target for Alfa Laval has been raised by SEK 29, with recent research citing updated views on order momentum and a more balanced valuation as the basis for this change. Analyst Commentary Recent research on Alfa Laval shows a mix of views, but there is a clear pocket of bullish analysts who see room for the stock to perform in line with, or better than, their updated valuation work.
SALT B
SEK 7.23
SaltX Technology Holding
7D
14.6%
1Y
70.9%
ATCO A
SEK 182.00
Atlas Copco
7D
1.3%
1Y
18.1%
HUSQ B
SEK 42.48
Husqvarna
7D
-2.3%
1Y
-10.8%
Narrative Update • May 15

HUSQ B: SEB Upgrade And Refined Assumptions Will Support Repricing

Analysts have maintained their SEK 63.00 price target for Husqvarna, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E, along with new Street research that includes a recent upgrade at SEB Equities. Analyst Commentary Recent Street research on Husqvarna highlights a more constructive tone from bullish analysts, who are aligning around updated assumptions for discount rates, revenue trends, profit margins and future P/E levels.
ENGCON B
SEK 66.20
engcon
7D
-6.4%
1Y
-26.4%
BEIA B
SEK 301.00
Beijer Alma
7D
-3.2%
1Y
33.8%
Analysis Article • May 05

Investors Can Find Comfort In Beijer Alma's (STO:BEIA B) Earnings Quality

The market was pleased with the recent earnings report from Beijer Alma AB (publ) ( STO:BEIA B ), despite the profit...
IMPC
SEK 4.58
Impact Coatings
7D
48.2%
1Y
44.0%