Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Swedish (OMX) Machinery Industry Analysis

UpdatedSep 18, 2026
DataAggregated Company Financials
Companies39
  • 7D-0.4%
  • 3M0.9%
  • 1Y23.9%
  • YTD16.1%

The Machinery industry has stayed flat over the last week. The past year has been better, since the industry has gained 24% in that time. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 19 Sep 2026SEK 3.0tSEK 1.2tSEK 111.1b24x26.9x2.6x
Mon, 17 Aug 2026SEK 3.0tSEK 1.2tSEK 111.2b25.5x27.4x2.6x
Wed, 15 Jul 2026SEK 3.0tSEK 1.1tSEK 104.8b26.8x28.4x2.6x
Fri, 12 Jun 2026SEK 2.8tSEK 1.1tSEK 104.8b25.6x27x2.5x
Sun, 10 May 2026SEK 2.9tSEK 1.1tSEK 104.7b25.8x27.5x2.5x
Tue, 07 Apr 2026SEK 2.7tSEK 1.2tSEK 106.7b23.7x25.3x2.4x
Thu, 05 Mar 2026SEK 2.9tSEK 1.2tSEK 106.7b23.7x27.3x2.5x
Sat, 31 Jan 2026SEK 2.8tSEK 1.2tSEK 107.4b24.2x26.5x2.5x
Mon, 29 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.4x23.4x2.2x
Wed, 26 Nov 2025SEK 2.5tSEK 1.2tSEK 109.9b23.9x22.6x2.1x
Fri, 24 Oct 2025SEK 2.5tSEK 1.2tSEK 111.2b23.8x22.6x2.1x
Sun, 21 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b23.2x21.6x2.1x
Tue, 19 Aug 2025SEK 2.4tSEK 1.2tSEK 113.3b23.5x20.9x2x
Thu, 17 Jul 2025SEK 2.4tSEK 1.2tSEK 123.3b24.5x19.4x2x
Sat, 14 Jun 2025SEK 2.3tSEK 1.2tSEK 123.4b23.5x18.7x1.9x
Mon, 12 May 2025SEK 2.3tSEK 1.2tSEK 123.3b21.6x18.7x1.9x
Wed, 09 Apr 2025SEK 2.1tSEK 1.2tSEK 125.5b21.3x16.6x1.7x
Fri, 07 Mar 2025SEK 2.7tSEK 1.2tSEK 125.4b25.8x21.6x2.2x
Sun, 02 Feb 2025SEK 2.7tSEK 1.2tSEK 125.3b27.5x21.4x2.2x
Tue, 31 Dec 2024SEK 2.4tSEK 1.2tSEK 124.3b26x19.4x2x
Thu, 28 Nov 2024SEK 2.4tSEK 1.2tSEK 124.4b25x19.6x2x
Sat, 26 Oct 2024SEK 2.5tSEK 1.2tSEK 124.7b28.2x20.4x2.1x
Mon, 23 Sep 2024SEK 2.5tSEK 1.2tSEK 130.0b26.2x19.4x2x
Wed, 21 Aug 2024SEK 2.5tSEK 1.2tSEK 129.9b25.1x19.3x2x
Fri, 19 Jul 2024SEK 2.6tSEK 1.2tSEK 125.4b25.4x20.9x2.1x
Sun, 16 Jun 2024SEK 2.6tSEK 1.2tSEK 125.4b26.9x21x2.1x
Tue, 14 May 2024SEK 2.7tSEK 1.2tSEK 125.4b27.3x21.6x2.2x
Thu, 11 Apr 2024SEK 2.6tSEK 1.2tSEK 127.0b24.3x20.7x2.1x
Sat, 09 Mar 2024SEK 2.6tSEK 1.2tSEK 127.0b23x20.4x2.1x
Mon, 05 Feb 2024SEK 2.4tSEK 1.3tSEK 126.7b21.9x18.8x1.9x
Wed, 03 Jan 2024SEK 2.4tSEK 1.2tSEK 119.8b22.3x20.1x2x
Fri, 01 Dec 2023SEK 2.3tSEK 1.2tSEK 119.8b21.6x19x1.8x
Sun, 29 Oct 2023SEK 2.0tSEK 1.2tSEK 118.6b20.2x17.3x1.7x
Tue, 26 Sep 2023SEK 2.1tSEK 1.2tSEK 111.4b22.1x19.2x1.8x
Price to Earnings Ratio

19.2x


Total Market Cap: SEK 2.1tTotal Earnings: SEK 111.4bTotal Revenue: SEK 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 21.9x202420252026
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 27.3x which is higher than its 3-year average PE of 21.9x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.6x.
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 Market0.90%
Industrials0.36%
Machinery-0.39%
Construction Machinery and Vehicles0.075%
Industrial Machinery-0.60%
Agricultural Machinery-2.35%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 26.6x.
    • Analysts are expecting annual earnings growth of 13.1%, which is higher than its past year's earnings decline of 5.2% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 22.8x.
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 Industrial Machinery 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
INDT IndutradeSEK 244.801.5%
+SEK 1.3b		6.3%PE33.3x
ENGCON B engconSEK 72.906.0%
+SEK 625.2m		-6.4%PE44.4x
TROAX Troax GroupSEK 152.401.2%
+SEK 107.7m		4.7%PE329.2x
IMPC Impact CoatingsSEK 3.217.4%
+SEK 23.1m		-5.0%PS6.3x
ENRAD EnradSEK 9.208.2%
+SEK 18.9m		-10.7%PS5.8x

Latest News

SAND
SEK 369.90
Sandvik
7D
-4.0%
1Y
43.5%
ATCO A
SEK 197.20
Atlas Copco
7D
-2.8%
1Y
22.5%
Narrative Update • Sep 17

ATCO A: Capex Upcycle And New Service Center Will Drive Future Earnings Power

The analyst price target for Atlas Copco has been adjusted from SEK 250 to SEK 256, with analysts pointing to updated revenue growth assumptions and a series of recent target increases across the Street as key factors behind the change. Analyst Commentary Recent Street research on Atlas Copco points to a cluster of bullish analysts lifting price targets and, in one case, upgrading the stock.
HUSQ B
SEK 34.63
Husqvarna
7D
-6.8%
1Y
-30.8%
VOLV B
SEK 333.00
AB Volvo
7D
-2.2%
1Y
20.9%
Narrative Update • Sep 15

VOLV B: Truck Order Momentum And Electrification Efforts Will Shape Balanced Future Returns

Analysts have lifted the blended price target for AB Volvo to around SEK 356, reflecting a series of recent target increases from SEK 290 up to SEK 376 that they link to stronger truck order trends and updated sales expectations across key regions. Analyst Commentary Recent research on AB Volvo highlights a split between more optimistic and more cautious views, with price targets now spread between SEK 290 and SEK 376 and ratings ranging from Buy to Underweight.
TREL B
SEK 448.80
Trelleborg
7D
-0.7%
1Y
19.9%
Analysis Article • Sep 15

Should You Think About Buying Trelleborg AB (publ) (STO:TREL B) Now?

Trelleborg AB (publ) ( STO:TREL B ) saw a decent share price growth of 11% on the OM over the last few months. The...
ALFA
SEK 545.80
Alfa Laval
7D
-0.4%
1Y
26.8%
ENRAD
SEK 9.20
Enrad
7D
8.2%
1Y
-10.7%
EPI A
SEK 252.10
Epiroc
7D
-1.0%
1Y
25.1%
SALT B
SEK 5.16
SaltX Technology Holding
7D
1.6%
1Y
-36.2%
IMPC
SEK 3.21
Impact Coatings
7D
7.4%
1Y
-5.0%
CNCJO B
SEK 48.40
Concejo
7D
2.5%
1Y
-8.7%
FLEXQ
SEK 38.40
FlexQube
7D
2.7%
1Y
228.2%
INDT
SEK 244.80
Indutrade
7D
1.5%
1Y
6.3%
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.
TROAX
SEK 152.40
Troax Group
7D
1.2%
1Y
4.7%
Narrative Update • Jul 24

TROAX: North American Automation Expansion Will Drive Future Upside Potential

The latest Narrative Update on Troax Group reflects a revised analyst price target to SEK157.79 from SEK137.11. Analysts point to updated assumptions around revenue growth, profit margin expectations, and a lower future P/E multiple as key drivers of the change.
ENGCON B
SEK 72.90
engcon
7D
6.0%
1Y
-6.4%
ALIG
SEK 120.60
Alimak Group
7D
-3.5%
1Y
-25.1%