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Swedish (OMX) Machinery Industry Analysis

UpdatedAug 25, 2026
DataAggregated Company Financials
Companies38
  • 7D1.5%
  • 3M7.1%
  • 1Y28.0%
  • YTD18.5%

The Machinery industry is up 1.5% in the last week, with Sandvik up 11%. During this same period, the FlexQube underperformed, falling 9.2%. This takes the industry's 12 month performance to a gain of 28%. 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
Tue, 25 Aug 2026SEK 3.1tSEK 1.2tSEK 111.1b23.9x27.8x2.7x
Thu, 23 Jul 2026SEK 3.0tSEK 1.2tSEK 111.2b24.6x27.1x2.6x
Sat, 20 Jun 2026SEK 3.0tSEK 1.1tSEK 104.8b26.5x28.7x2.7x
Mon, 18 May 2026SEK 2.8tSEK 1.1tSEK 104.7b26x26.7x2.5x
Wed, 15 Apr 2026SEK 2.9tSEK 1.2tSEK 106.7b24.7x27.4x2.5x
Fri, 13 Mar 2026SEK 2.8tSEK 1.2tSEK 106.7b22.7x26.7x2.5x
Sun, 08 Feb 2026SEK 3.0tSEK 1.2tSEK 106.6b24.9x27.8x2.6x
Tue, 06 Jan 2026SEK 2.6tSEK 1.2tSEK 109.9b24.7x24.1x2.3x
Thu, 04 Dec 2025SEK 2.5tSEK 1.2tSEK 109.9b24.3x23x2.2x
Sat, 01 Nov 2025SEK 2.5tSEK 1.2tSEK 109.9b24.5x22.6x2.1x
Mon, 29 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b22.3x21.3x2x
Wed, 27 Aug 2025SEK 2.4tSEK 1.2tSEK 113.2b23.4x21.4x2x
Fri, 25 Jul 2025SEK 2.4tSEK 1.2tSEK 113.3b24.7x21.4x2x
Sun, 22 Jun 2025SEK 2.3tSEK 1.2tSEK 123.4b24x18.5x1.9x
Tue, 20 May 2025SEK 2.4tSEK 1.2tSEK 123.4b22.4x19.7x2x
Thu, 17 Apr 2025SEK 2.2tSEK 1.2tSEK 128.0b21.3x17.2x1.8x
Sat, 15 Mar 2025SEK 2.6tSEK 1.2tSEK 125.4b25.2x20.9x2.2x
Mon, 10 Feb 2025SEK 2.6tSEK 1.2tSEK 125.5b26.2x21.1x2.2x
Wed, 08 Jan 2025SEK 2.5tSEK 1.2tSEK 124.3b25.2x20x2x
Fri, 06 Dec 2024SEK 2.6tSEK 1.2tSEK 124.3b25.8x20.6x2.1x
Sun, 03 Nov 2024SEK 2.5tSEK 1.2tSEK 124.3b27.7x20.1x2x
Tue, 01 Oct 2024SEK 2.7tSEK 1.2tSEK 130.0b25.8x20.4x2.1x
Thu, 29 Aug 2024SEK 2.5tSEK 1.2tSEK 129.9b24.4x19.4x2x
Sat, 27 Jul 2024SEK 2.6tSEK 1.2tSEK 130.0b25.1x19.7x2.1x
Mon, 24 Jun 2024SEK 2.6tSEK 1.2tSEK 125.4b27.6x21.1x2.1x
Wed, 22 May 2024SEK 2.8tSEK 1.2tSEK 125.4b25.6x22x2.2x
Fri, 19 Apr 2024SEK 2.6tSEK 1.2tSEK 128.1b23.7x20.3x2.1x
Sun, 17 Mar 2024SEK 2.7tSEK 1.2tSEK 127.0b23.4x20.9x2.1x
Tue, 13 Feb 2024SEK 2.4tSEK 1.2tSEK 126.9b22.1x18.8x1.9x
Thu, 11 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b22.3x19.3x1.9x
Sat, 09 Dec 2023SEK 2.3tSEK 1.2tSEK 119.8b22x19.5x1.9x
Mon, 06 Nov 2023SEK 2.1tSEK 1.2tSEK 118.6b21.7x17.9x1.7x
Wed, 04 Oct 2023SEK 2.1tSEK 1.2tSEK 111.4b22.3x19.2x1.8x
Fri, 01 Sep 2023SEK 2.2tSEK 1.2tSEK 111.3b20.7x19.3x1.8x
Price to Earnings Ratio

19.3x


Total Market Cap: SEK 2.2tTotal Earnings: SEK 111.3bTotal Revenue: SEK 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 21.7x202420252026
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 27.8x which is higher than its 3-year average PE of 21.7x.
  • 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 Market0.72%
Industrials0.59%
Machinery1.48%
Construction Machinery and Vehicles2.66%
Industrial Machinery0.93%
Agricultural Machinery-2.46%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 26.4x.
    • Analysts are expecting annual earnings growth of 12.9%, which is higher than its past year's earnings decline of 2.9% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 23.0x.
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 growth rate of 11% per year.
  • In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 13% 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
SAND SandvikSEK 394.8010.6%
+SEK 47.5b		63.7%PE29.4x
EPI A EpirocSEK 268.908.8%
+SEK 26.3b		36.0%PE36.8x
VOLV B AB VolvoSEK 350.903.1%
+SEK 21.8b		19.2%PE19.9x
ALFA Alfa LavalSEK 575.004.4%
+SEK 10.1b		32.7%PE29x
ATCO A Atlas CopcoSEK 204.100.9%
+SEK 8.8b		35.1%PE37.4x

Latest News

IMPC
SEK 2.99
Impact Coatings
7D
-3.2%
1Y
-26.7%
BIOEX
SEK 2.24
Bioextrax
7D
-6.7%
1Y
-30.4%
FLEXQ
SEK 43.20
FlexQube
7D
-9.2%
1Y
280.6%
ATCO A
SEK 204.10
Atlas Copco
7D
0.9%
1Y
35.1%
Narrative Update • Aug 19

ATCO A: Rich P E Will Be Tested By Semiconductor Capex Dependence

Atlas Copco's analyst price target has been raised by SEK 4.54 to SEK 168.03 as analysts factor in higher forecast revenue growth, a slightly adjusted discount rate, and updated views on margins and future P/E, with recent target increases from several banks reflecting this recalibration. Analyst Commentary Recent Street research on Atlas Copco shows a split in opinion on the stock, with several large banks increasing price targets while a minority of bearish analysts keep a more cautious stance.
VOLV B
SEK 350.90
AB Volvo
7D
3.1%
1Y
19.2%
Narrative Update • Aug 18

VOLV B: Order Strength Will Eventually Clash With Margin Execution Risks

The analyst fair value estimate for AB Volvo has increased from SEK 270 to SEK 280. Analysts cite stronger truck order trends in North America, higher management sales forecasts in Europe and China, and recent price target increases across several firms as support for the change.
SKF B
SEK 272.20
AB SKF
7D
4.6%
1Y
11.2%
Narrative Update • Aug 17

SKF B: Incremental Rating Shifts And Robotics JV Will Shape Balanced Outlook

Analysts have lifted the fair value estimate for AB SKF to SEK 266.06 from SEK 260.76, reflecting higher Street price targets toward SEK 270 to SEK 290 and updated assumptions for slightly stronger revenue growth, profit margins and a lower future P/E. Analyst Commentary Recent Street research on AB SKF shows a tight cluster of price targets between SEK 230 and SEK 290.
FREEM
SEK 1.33
Freemelt Holding
7D
-2.1%
1Y
-42.8%
SAND
SEK 394.80
Sandvik
7D
10.6%
1Y
63.7%
INDT
SEK 248.20
Indutrade
7D
3.7%
1Y
4.9%
Narrative Update • Aug 15

INDT: Recent Rating Upgrade And CFO Appointment Will Support Future Upside

Analysts now place Indutrade's fair value at SEK 280.75, up from SEK 248.13. This reflects updated assumptions on revenue growth, profitability and future P/E, alongside recent Street views that range from a SEK 211 target with a Neutral stance to a SEK 229 target with a Buy rating.
ALFA
SEK 575.00
Alfa Laval
7D
4.4%
1Y
32.7%
Narrative Update • Aug 12

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

The updated analyst price target for Alfa Laval rises from SEK 443.94 to SEK 461.78, reflecting Street research that cites revised SEK 540 to SEK 650 targets and modest adjustments to revenue growth, the discount rate and future P/E assumptions. Analyst Commentary Recent Street research on Alfa Laval shows a wide range of price targets, with several firms clustered between SEK 540 and SEK 650.
EPI A
SEK 268.90
Epiroc
7D
8.8%
1Y
36.0%
Narrative Update • Aug 03

EPI A: Connectivity Partnerships And Autonomy Rollout Will Support Balanced Outlook

Analysts have lifted their price target for Epiroc from SEK185 to about SEK222.63, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E that together support a higher valuation framework. What’s in the News for Epiroc Epiroc Mexico and Rajant Corporation agreed a partnership to offer deployment ready Kinetic Mesh wireless connectivity for mining customers in Mexico, with a focus on more reliable communications for mobile equipment fleets and support for automation.
TREL B
SEK 442.80
Trelleborg
7D
3.8%
1Y
22.3%
Narrative Update • Aug 01

TREL B: Future View Will Balance Expanded Buybacks And Mixed Rating Signals

Trelleborg's updated analyst price target rises to SEK 446 from SEK 429, with analysts pointing to slightly higher revenue growth assumptions, a modestly lower discount rate and a recalibrated future P/E multiple as key drivers of the change. Analyst Commentary Recent Street research on Trelleborg shows a mix of cautious and constructive views on the stock, with price targets set in both CHF and SEK.
AGES B
SEK 43.60
AGES Industri
7D
-3.5%
1Y
-23.5%
NOTEK
SEK 10.70
Norditek Group
7D
-6.6%
1Y
-26.5%
OPTI
SEK 2.39
OptiCept Technologies
7D
-6.3%
1Y
-60.2%
ARENIT SDB
SEK 102.00
Arenit Industrie
7D
-0.5%
1Y
n/a