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Swedish (OMX) Machinery Industry Analysis

UpdatedJan 26, 2026
DataAggregated Company Financials
Companies37
  • 7D2.0%
  • 3M10.8%
  • 1Y7.2%
  • YTD7.9%

Over the last 7 days, the Machinery industry has remained flat. The past year has been better, since the industry has gained 5.5% in that time. Looking forward, 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
Mon, 26 Jan 2026SEK 2.8tSEK 1.2tSEK 109.9b25.1x25.7x2.4x
Wed, 24 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.4x23.4x2.2x
Fri, 21 Nov 2025SEK 2.4tSEK 1.2tSEK 109.9b23.4x21.9x2x
Sun, 19 Oct 2025SEK 2.4tSEK 1.2tSEK 110.8b23.1x22x2.1x
Tue, 16 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b23.2x21.4x2x
Thu, 14 Aug 2025SEK 2.4tSEK 1.2tSEK 113.3b23.8x20.9x2x
Sat, 12 Jul 2025SEK 2.5tSEK 1.2tSEK 123.4b24.4x19.9x2x
Mon, 09 Jun 2025SEK 2.4tSEK 1.2tSEK 123.4b24.6x19.1x1.9x
Wed, 07 May 2025SEK 2.3tSEK 1.2tSEK 123.3b21.1x18.3x1.9x
Fri, 04 Apr 2025SEK 2.2tSEK 1.2tSEK 125.5b21.8x17.8x1.8x
Sun, 02 Mar 2025SEK 2.7tSEK 1.2tSEK 125.5b26.5x21.5x2.2x
Tue, 28 Jan 2025SEK 2.7tSEK 1.2tSEK 124.4b28.7x21.6x2.2x
Thu, 26 Dec 2024SEK 2.4tSEK 1.2tSEK 124.3b26.2x19.3x2x
Sat, 23 Nov 2024SEK 2.4tSEK 1.2tSEK 124.4b24.7x19.7x2x
Mon, 21 Oct 2024SEK 2.6tSEK 1.2tSEK 125.9b25.3x20.4x2.1x
Wed, 18 Sep 2024SEK 2.5tSEK 1.2tSEK 130.0b26.2x19.2x2x
Fri, 16 Aug 2024SEK 2.5tSEK 1.2tSEK 129.9b24.3x19.3x2x
Sun, 14 Jul 2024SEK 2.7tSEK 1.2tSEK 125.4b27.1x21.5x2.2x
Tue, 11 Jun 2024SEK 2.7tSEK 1.2tSEK 125.4b25.5x21.6x2.2x
Thu, 09 May 2024SEK 2.7tSEK 1.2tSEK 125.4b27.2x21.5x2.2x
Sat, 06 Apr 2024SEK 2.6tSEK 1.2tSEK 127.0b24.7x20.6x2.1x
Mon, 04 Mar 2024SEK 2.5tSEK 1.2tSEK 127.0b22.9x20x2x
Wed, 31 Jan 2024SEK 2.3tSEK 1.3tSEK 126.6b21.5x18.3x1.8x
Fri, 29 Dec 2023SEK 2.4tSEK 1.2tSEK 119.8b22.1x20.2x2x
Sun, 26 Nov 2023SEK 2.2tSEK 1.2tSEK 119.8b22.1x18.7x1.8x
Tue, 24 Oct 2023SEK 2.0tSEK 1.2tSEK 117.2b21.3x17.2x1.7x
Thu, 21 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b22.7x19.6x1.8x
Sat, 19 Aug 2023SEK 2.1tSEK 1.2tSEK 111.3b21x19x1.8x
Mon, 17 Jul 2023SEK 2.2tSEK 1.1tSEK 106.2b24.5x20.4x1.9x
Wed, 14 Jun 2023SEK 2.3tSEK 1.1tSEK 106.2b24.2x21.3x2x
Fri, 12 May 2023SEK 2.1tSEK 1.1tSEK 106.1b24x20.2x1.9x
Sun, 09 Apr 2023SEK 2.0tSEK 1.1tSEK 97.3b22.3x20.6x1.8x
Tue, 07 Mar 2023SEK 2.1tSEK 1.1tSEK 97.3b23.1x21.6x1.9x
Thu, 02 Feb 2023SEK 2.0tSEK 1.1tSEK 100.0b21.4x20.3x1.9x
Price to Earnings Ratio

20.3x


Total Market Cap: SEK 2.0tTotal Earnings: SEK 100.0bTotal Revenue: SEK 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 20.4x202420252026
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 25.7x which is higher than its 3-year average PE of 20.4x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 3.2% per year over the last three years.
  • Revenues for these companies have grown 3.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

SE Market0.87%
Industrials1.05%
Machinery2.05%
Agricultural Machinery2.84%
Construction Machinery and Vehicles2.13%
Industrial Machinery1.99%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 25.3x.
    • Analysts are expecting annual earnings growth of 9.9%, which is higher than its past year's earnings growth of 0.5% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 25.7x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings decline of 0.4% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 9.9% 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 315.102.8%
+SEK 17.5b		7.9%PE18x
SAND SandvikSEK 333.103.9%
+SEK 15.8b		45.7%PE28.3x
ATCO A Atlas CopcoSEK 189.601.5%
+SEK 13.6b		1.4%PE33.5x
ALFA Alfa LavalSEK 506.402.5%
+SEK 5.1b		5.3%PE25.1x
EPI A EpirocSEK 227.600.9%
+SEK 2.4b		5.9%PE31.9x

Latest News

ATCO A
SEK 189.60
Atlas Copco
7D
1.5%
1Y
1.4%

Atlas Copco AB (publ)'s (STO:ATCO A) Shares May Have Run Too Fast Too Soon

Jan 25
Atlas Copco AB (publ)'s (STO:ATCO A) Shares May Have Run Too Fast Too Soon
VOLV B
SEK 315.10
AB Volvo
7D
2.8%
1Y
7.9%

VOLV B: Truck Downturn And Execution Challenges Will Likely Restrain Future Earnings

Analysts have raised their AB Volvo price targets, revising them from SEK 305 to SEK 323 and from SEK 267 to SEK 333. These changes reflect differing views on near term truck demand, as well as potential benefits from tariffs, lower interest rates, and new product launches.
LYGRD
SEK 2.80
Lyckegård Group
7D
-5.4%
1Y
122.2%
ALFA
SEK 506.40
Alfa Laval
7D
2.5%
1Y
5.3%

ALFA: Rising P E Multiples Will Exceed Comfortable Execution Risk Limits

Analysts have increased their fair value estimate for Alfa Laval from SEK 348.52 to SEK 420.00. This change reflects updated assumptions around growth, profitability and P/E multiples, in line with higher Street price targets rising from SEK 468 to SEK 540.
HUSQ B
SEK 46.00
Husqvarna
7D
2.9%
1Y
-22.8%

Why Husqvarna AB (publ) (STO:HUSQ B) Could Be Worth Watching

Jan 22
Why Husqvarna AB (publ) (STO:HUSQ B) Could Be Worth Watching
SKF B
SEK 251.00
AB SKF
7D
0.6%
1Y
12.1%

SKF B: Index Inclusion And Clean Tech Initiatives Will Temper Mixed Rating Outlook

Analysts have nudged their fair value estimate for AB SKF to SEK 268.53 from SEK 264.44, reflecting recent Street research in which some firms raised price targets while others turned more cautious on growth assumptions and valuation multiples. Analyst Commentary Bullish Takeaways Bullish analysts lifting price targets toward the mid SEK 200s signal confidence that the current share price still leaves room for upside in their models.
ENGCON B
SEK 77.30
engcon
7D
-1.7%
1Y
-26.4%

engcon (STO:ENGCON B) Knows How To Allocate Capital Effectively

Jan 21
engcon (STO:ENGCON B) Knows How To Allocate Capital Effectively
ALIG
SEK 138.40
Alimak Group
7D
-1.8%
1Y
20.6%

Alimak Group AB (publ)'s (STO:ALIG) Share Price Not Quite Adding Up

Jan 16
Alimak Group AB (publ)'s (STO:ALIG) Share Price Not Quite Adding Up
BEIA B
SEK 284.50
Beijer Alma
7D
3.3%
1Y
63.5%

When Should You Buy Beijer Alma AB (publ) (STO:BEIA B)?

Jan 15
When Should You Buy Beijer Alma AB (publ) (STO:BEIA B)?
EPI A
SEK 227.60
Epiroc
7D
0.9%
1Y
5.9%

EPI A: Index Inclusion And Autonomous Mining Will Support Balanced Outlook

Analysts have nudged their fair value estimate for Epiroc higher from SEK 208.50 to about SEK 213.11, citing updated assumptions around the discount rate, revenue growth, profit margins and future P/E that modestly reshape their overall valuation framework. What's in the News Epiroc AB (publ) is being added to the OMX Nordic 40 Index, reflecting its inclusion in a major regional benchmark index (Index Constituent Adds).
SAND
SEK 333.10
Sandvik
7D
3.9%
1Y
45.7%

SAND: Higher P/E Assumptions Will Expose Execution Risk Going Forward

Analysts have lifted their price target on Sandvik from about SEK 177 to SEK 212, reflecting updated assumptions on growth, profitability and P/E that are in line with recent target increases from Citi, RBC and Rothschild & Co Redburn. Analyst Commentary Recent Street research around Sandvik has centered on refreshed price targets and rating changes, giving you a clearer sense of how the market is framing risk and reward.
EPRO B
SEK 60.10
Electrolux Professional
7D
-0.2%
1Y
-20.4%
IMPC
SEK 1.47
Impact Coatings
7D
-2.6%
1Y
-66.2%
SINT
SEK 100.50
SinterCast
7D
-1.5%
1Y
-5.2%
FREEM
SEK 1.85
Freemelt Holding
7D
-3.4%
1Y
15.3%
PCOM B
SEK 0.87
Precomp Solutions
7D
-20.9%
1Y
-15.5%