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Swedish (OMX) Machinery Industry Analysis

UpdatedJun 22, 2026
DataAggregated Company Financials
Companies38
  • 7D4.3%
  • 3M15.6%
  • 1Y32.0%
  • YTD15.1%

In the last week, the Machinery industry is up 4.3%, with Atlas Copco up 4.1%. During this same period, the Husqvarna underperformed, falling 5.9%. In the last 12 months, the industry was up 32%. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 22 Jun 2026SEK 3.0tSEK 1.1tSEK 104.8b26.5x28.7x2.7x
Wed, 20 May 2026SEK 2.8tSEK 1.1tSEK 104.8b25.9x26.6x2.5x
Fri, 17 Apr 2026SEK 2.9tSEK 1.2tSEK 106.7b24.7x27.3x2.5x
Sun, 15 Mar 2026SEK 2.8tSEK 1.2tSEK 106.7b22.1x25.8x2.4x
Tue, 10 Feb 2026SEK 3.0tSEK 1.2tSEK 106.6b24.9x27.9x2.6x
Thu, 08 Jan 2026SEK 2.7tSEK 1.2tSEK 109.9b25x24.8x2.3x
Sat, 06 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.5x23.7x2.2x
Mon, 03 Nov 2025SEK 2.5tSEK 1.2tSEK 110.0b24.4x22.6x2.1x
Wed, 01 Oct 2025SEK 2.4tSEK 1.2tSEK 113.3b22.5x21.3x2x
Fri, 29 Aug 2025SEK 2.4tSEK 1.2tSEK 113.2b23.2x21.4x2.1x
Sun, 27 Jul 2025SEK 2.4tSEK 1.2tSEK 113.3b24.6x21.4x2x
Tue, 24 Jun 2025SEK 2.3tSEK 1.2tSEK 123.4b23.5x18.3x1.9x
Thu, 22 May 2025SEK 2.4tSEK 1.2tSEK 123.4b22.8x19.5x2x
Sat, 19 Apr 2025SEK 2.2tSEK 1.2tSEK 128.0b21.1x17x1.8x
Mon, 17 Mar 2025SEK 2.6tSEK 1.2tSEK 125.4b25.2x20.9x2.2x
Wed, 12 Feb 2025SEK 2.7tSEK 1.2tSEK 125.5b26.3x21.2x2.2x
Fri, 10 Jan 2025SEK 2.5tSEK 1.2tSEK 124.3b25.5x20.2x2.1x
Sun, 08 Dec 2024SEK 2.6tSEK 1.2tSEK 124.4b26.3x20.7x2.1x
Tue, 05 Nov 2024SEK 2.5tSEK 1.2tSEK 124.3b27.4x20.1x2x
Thu, 03 Oct 2024SEK 2.6tSEK 1.2tSEK 130.0b24.9x20.2x2.1x
Sat, 31 Aug 2024SEK 2.6tSEK 1.2tSEK 129.9b26.9x19.8x2.1x
Mon, 29 Jul 2024SEK 2.6tSEK 1.2tSEK 130.0b25.1x19.7x2.1x
Wed, 26 Jun 2024SEK 2.6tSEK 1.2tSEK 125.4b26.8x20.9x2.1x
Fri, 24 May 2024SEK 2.8tSEK 1.2tSEK 125.4b25.7x22.1x2.2x
Sun, 21 Apr 2024SEK 2.6tSEK 1.2tSEK 128.1b23.2x20x2x
Tue, 19 Mar 2024SEK 2.6tSEK 1.2tSEK 127.0b23.1x20.7x2.1x
Thu, 15 Feb 2024SEK 2.4tSEK 1.2tSEK 126.9b22.1x18.8x1.9x
Sat, 13 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b22.7x19.5x1.9x
Mon, 11 Dec 2023SEK 2.3tSEK 1.2tSEK 119.8b22x19.5x1.9x
Wed, 08 Nov 2023SEK 2.1tSEK 1.2tSEK 118.6b22.3x17.7x1.7x
Fri, 06 Oct 2023SEK 2.1tSEK 1.2tSEK 111.4b22.1x18.9x1.8x
Sun, 03 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b21.1x19.3x1.8x
Tue, 01 Aug 2023SEK 2.2tSEK 1.2tSEK 111.4b24.2x20.1x1.9x
Thu, 29 Jun 2023SEK 2.2tSEK 1.1tSEK 106.2b24.5x20.7x1.9x
Price to Earnings Ratio

20.7x


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 21.2x202420252026
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 28.7x which is higher than its 3-year average PE of 21.2x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.7x.
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 Market0.44%
Industrials2.45%
Machinery4.25%
Industrial Machinery5.18%
Construction Machinery and Vehicles2.67%
Agricultural Machinery-5.89%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 26.0x.
    • Analysts are expecting annual earnings growth of 11.6%, 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 23.9x.
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 Agricultural 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
ATCO A Atlas CopcoSEK 195.854.1%
+SEK 37.3b		31.9%PE36.6x
SAND SandvikSEK 406.704.7%
+SEK 23.1b		94.9%PE34.4x
ALFA Alfa LavalSEK 552.604.6%
+SEK 10.0b		41.4%PE27.9x
EPI A EpirocSEK 277.202.1%
+SEK 6.9b		35.2%PE39.4x
VOLV B AB VolvoSEK 321.600.4%
+SEK 2.8b		25.2%PE19.9x

Latest News

SAND
SEK 406.70
Sandvik
7D
4.7%
1Y
94.9%
Analysis Article • Jun 20

Sandvik (OM:SAND) Stock Looks 5.9% Overvalued After Barminco Mining Order

Sandvik’s new Barminco order puts mining demand in focus Sandvik (OM:SAND) has secured a SEK 350 million equipment order from Australian mining contractor Barminco for the Bellevue Gold Project, including underground loaders, trucks, drill rigs, and ongoing tools and service support. See our latest analysis for Sandvik. Sandvik’s recent SEK 350 million Barminco contract comes as momentum in the stock has been strong, with a 90 day share price return of 21.73% and a 1 year total shareholder...
VOLV B
SEK 321.60
AB Volvo
7D
0.4%
1Y
25.2%
Analysis Article • Jun 20

AB Volvo (OM:VOLV B) Stock Could Be 5.3% Undervalued After Texas Driverless Freight Launch

AB Volvo (OM:VOLV B) is in focus after Volvo Autonomous Solutions and AVI-SPL began commercial driverless freight operations in Texas, alongside a separate agreement to advance hydrogen fuel system technology for heavy-duty Volvo engines. See our latest analysis for AB Volvo. These autonomous freight and hydrogen engine initiatives come as AB Volvo’s share price sits at SEK321.6, with a 90 day share price return of 11.63% and a 1 year total shareholder return of 30.02%, suggesting momentum...
EPI A
SEK 277.20
Epiroc
7D
2.1%
1Y
35.2%
TROAX
SEK 107.00
Troax Group
7D
-3.8%
1Y
-23.2%
Narrative Update • Jun 18

TROAX: Recycled Guarding Solutions Will Support Margins And Future Dividend Appeal

Analysts have nudged their price target for Troax Group slightly higher to about SEK 151 from around SEK 150, reflecting updated assumptions on the discount rate, revenue growth, profit margin and future P/E multiples. What’s in the News for Troax Group Troax is launching Smart Fix Re:Cycled, described as the world's first machine guarding mesh panel made entirely from recycled and low emission materials, as part of its Re:Guarding programme, source: company key developments.
INDT
SEK 189.10
Indutrade
7D
-1.7%
1Y
-25.0%
Narrative Update • Jun 18

INDT: Fair Outlook Will Balance Lower P/E Assumptions And Createc Acquisition

Indutrade's analyst price target has been revised from SEK 230 to SEK 211, as analysts factor in updated assumptions on discount rates, revenue growth, profit margins and future P/E multiples, in line with recent Street research. What’s in the News for Indutrade Indutrade has signed an agreement to acquire all shares in Createc GmbH & Co. KG, a German specialist in high-performance composite components serving medical instruments, sealing solutions, pump bearing applications, medical technology, energy and process industry customers.
HUSQ B
SEK 38.86
Husqvarna
7D
-6.8%
1Y
-19.6%
Narrative Update • Jun 17

HUSQ B: Business Exit And SEB Upgrade Will Support Future Re Rating

The updated analyst price target for Husqvarna now stands at SEK 50.25, up from SEK 47.75, with analysts citing revised assumptions on revenue growth, profit margins, and future P/E multiples following recent research updates, including the SEB Equities upgrade. What’s in the News for Husqvarna Husqvarna plans to discontinue its non core stone diamond tools business within the Construction Division.
ALIG
SEK 116.40
Alimak Group
7D
5.2%
1Y
-19.4%
Narrative Update • Jun 17

ALIG: Stable Margins And Lower Risk Assumptions Will Support Future Upside Potential

Analysts have kept their SEK 143.0 price target for Alimak Group broadly in line with prior estimates, citing only small tweaks to inputs such as the discount rate, revenue growth assumptions, profit margin outlook and future P/E expectations. What’s in the News for Alimak Group No recent company specific news items for Alimak Group were identified in the provided sources.
TREL B
SEK 420.20
Trelleborg
7D
1.1%
1Y
22.5%
Narrative Update • Jun 17

TREL B: Future View Will Weigh Gomet Deal Against Expanded Buybacks

The analyst price target for Trelleborg has moved slightly higher to SEK 420, supported by analysts pointing to updated assumptions on growth, margins and discount rate, alongside recent Street views that include an upgrade to Buy with a SEK 460 target and a separate SEK 10 reduction from Citi. Analyst Commentary Recent Street research on Trelleborg gives a mixed but useful read on how the stock is being viewed, with one upgrade alongside a small price target trim that both feed into the current SEK 420 analyst price target.
ALFA
SEK 552.60
Alfa Laval
7D
4.6%
1Y
41.4%
Narrative Update • Jun 17

ALFA: Fair Outlook Balances Mixed Rating Shifts With Execution Risks

Alfa Laval's analyst price target has been adjusted within a mixed research backdrop, as some firms have trimmed SEK based targets while others have raised them. Analysts generally point to updated assumptions on discount rates, profitability and P/E expectations to support their revised views.
VBG B
SEK 318.50
VBG Group
7D
-0.6%
1Y
30.3%
SKF B
SEK 246.10
AB SKF
7D
0.2%
1Y
18.7%
Narrative Update • Jun 11

SKF B: Mixed Rating Shifts And AI Push Will Shape Balanced Outlook

Narrative Update The analyst price target for AB SKF has been revised slightly higher to SEK 258.41 from SEK 257.24, as analysts factor in modest adjustments to discount rates, revenue growth assumptions, profit margins, and future P/E expectations following a mix of recent target changes and rating updates across the Street. Analyst Commentary Recent research updates on AB SKF point to a mixed view, with some analysts lifting ratings or targets while others trim targets or downgrade the stock.
ATCO A
SEK 195.85
Atlas Copco
7D
4.1%
1Y
31.9%
Narrative Update • Jun 08

ATCO A: Special Dividend And Split Ratings Will Shape Future Returns

Atlas Copco's analyst price target has been adjusted slightly, with the updated fair value estimate moving from SEK 195.14 to SEK 194.43 as analysts factor in mixed recent target changes and more balanced assumptions on revenue growth, margins and future P/E levels. Analyst Commentary Recent Street research on Atlas Copco has been mixed, with price target increases, reductions and a couple of upgrades all feeding into the slight reduction in the aggregated fair value estimate.
OPTI
SEK 2.75
OptiCept Technologies
7D
-11.3%
1Y
-35.5%
SALT B
SEK 7.58
SaltX Technology Holding
7D
-13.7%
1Y
90.0%
XANO B
SEK 48.50
XANO Industri
7D
-3.2%
1Y
-16.8%
IMPC
SEK 4.00
Impact Coatings
7D
-7.0%
1Y
33.3%