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Swedish (OMX) Machinery Industry Analysis

UpdatedApr 24, 2026
DataAggregated Company Financials
Companies38
  • 7D1.0%
  • 3M4.0%
  • 1Y30.1%
  • YTD12.3%

In the last week, Machinery has been flat. As for the the longer term, the industry is up 31% over the past 12 months. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 24 Apr 2026SEK 2.9tSEK 1.1tSEK 106.5b26x27.5x2.6x
Sun, 22 Mar 2026SEK 2.5tSEK 1.2tSEK 106.7b20.7x23.8x2.2x
Tue, 17 Feb 2026SEK 3.0tSEK 1.1tSEK 106.7b24.5x27.9x2.6x
Thu, 15 Jan 2026SEK 2.7tSEK 1.2tSEK 109.9b24.9x24.9x2.3x
Sat, 13 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.4x23.6x2.2x
Mon, 10 Nov 2025SEK 2.4tSEK 1.2tSEK 109.9b24.1x22.2x2.1x
Wed, 08 Oct 2025SEK 2.5tSEK 1.2tSEK 113.3b22.8x22.2x2.1x
Fri, 05 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b22.7x21x2x
Sun, 03 Aug 2025SEK 2.3tSEK 1.2tSEK 113.3b23.6x20.4x2x
Tue, 01 Jul 2025SEK 2.3tSEK 1.2tSEK 123.4b23.2x18.8x1.9x
Thu, 29 May 2025SEK 2.4tSEK 1.2tSEK 123.4b23.8x19.1x1.9x
Sat, 26 Apr 2025SEK 2.3tSEK 1.2tSEK 123.4b22.1x18.5x1.9x
Mon, 24 Mar 2025SEK 2.6tSEK 1.2tSEK 125.4b24.7x20.3x2.1x
Wed, 19 Feb 2025SEK 2.8tSEK 1.2tSEK 125.6b27.6x22.2x2.3x
Fri, 17 Jan 2025SEK 2.5tSEK 1.2tSEK 124.3b26.2x20.4x2.1x
Sun, 15 Dec 2024SEK 2.5tSEK 1.2tSEK 124.3b26.4x20.2x2.1x
Tue, 12 Nov 2024SEK 2.6tSEK 1.2tSEK 124.4b27.3x20.7x2.1x
Thu, 10 Oct 2024SEK 2.6tSEK 1.2tSEK 130.0b25.2x20.2x2.1x
Sat, 07 Sep 2024SEK 2.4tSEK 1.2tSEK 130.0b25.5x18.4x1.9x
Mon, 05 Aug 2024SEK 2.4tSEK 1.2tSEK 129.9b23.8x18.7x2x
Wed, 03 Jul 2024SEK 2.6tSEK 1.2tSEK 125.4b26.6x21.1x2.1x
Fri, 31 May 2024SEK 2.7tSEK 1.2tSEK 125.4b25.4x21.5x2.2x
Sun, 28 Apr 2024SEK 2.6tSEK 1.2tSEK 125.4b26.1x21x2.1x
Tue, 26 Mar 2024SEK 2.7tSEK 1.2tSEK 127.0b24.4x21.1x2.1x
Thu, 22 Feb 2024SEK 2.5tSEK 1.2tSEK 126.9b22.9x19.6x2x
Sat, 20 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b21.1x19x1.9x
Mon, 18 Dec 2023SEK 2.4tSEK 1.2tSEK 119.8b22.3x20.2x2x
Wed, 15 Nov 2023SEK 2.2tSEK 1.2tSEK 118.5b21.8x18.4x1.8x
Fri, 13 Oct 2023SEK 2.2tSEK 1.2tSEK 111.4b23.3x19.8x1.8x
Sun, 10 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b22.3x19.3x1.8x
Tue, 08 Aug 2023SEK 2.2tSEK 1.2tSEK 111.4b23.8x19.7x1.8x
Thu, 06 Jul 2023SEK 2.2tSEK 1.1tSEK 106.2b23.8x20.5x1.9x
Sat, 03 Jun 2023SEK 2.2tSEK 1.1tSEK 106.2b24x20.9x1.9x
Mon, 01 May 2023SEK 2.2tSEK 1.1tSEK 106.1b23.8x20.4x1.9x
Price to Earnings Ratio

20.4x


Total Market Cap: SEK 2.2tTotal Earnings: SEK 106.1bTotal Revenue: SEK 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 20.8x202420252026
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 27.4x which is higher than its 3-year average PE of 20.8x.
  • The 3-year average PS ratio of 2.0x 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-0.30%
Industrials0.48%
Machinery1.01%
Agricultural Machinery9.88%
Industrial Machinery1.01%
Construction Machinery and Vehicles0.78%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 25.7x.
    • Analysts are expecting annual earnings growth of 10.6%, which is higher than its past year's earnings decline of 9.8% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 24.7x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 14% over the next 5 years.
  • However this is lower than its past earnings growth rate of 33% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 11% 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 186.951.9%
+SEK 17.3b		22.1%PE34.5x
INDT IndutradeSEK 251.607.2%
+SEK 6.2b		-7.9%PE35.8x
EPI A EpirocSEK 253.102.1%
+SEK 6.2b		24.6%PE35.6x
SAND SandvikSEK 400.200.7%
+SEK 3.6b		100.3%PE33.9x
HUSQ B HusqvarnaSEK 45.549.9%
+SEK 2.3b		-1.3%PE14.7x

Latest News

TREL B
SEK 392.20
Trelleborg
7D
1.9%
1Y
20.0%
SALT B
SEK 3.98
SaltX Technology Holding
7D
-6.5%
1Y
-14.7%
ALFA
SEK 545.80
Alfa Laval
7D
-2.6%
1Y
36.5%
SKF B
SEK 233.00
AB SKF
7D
-2.8%
1Y
27.2%
ATCO A
SEK 186.95
Atlas Copco
7D
1.9%
1Y
22.1%

ATCO A: Special Dividend And Mixed Rating Shifts Will Shape Future Returns

The analyst price target for Atlas Copco has been adjusted slightly higher to SEK 194.80. Analysts point to updated assumptions on revenue growth, profitability and future P/E multiples as key drivers behind the change.
INDT
SEK 251.60
Indutrade
7D
7.2%
1Y
-7.9%

INDT: Refined Assumptions And Acquisition Plans Will Shape Fairly Valued Outlook

Analysts have trimmed their SEK price target on Indutrade slightly to around SEK 260, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E after recent research commentary and an upgrade at Kepler Cheuvreux. Analyst Commentary Recent research commentary around the upgrade has focused on how Indutrade’s current valuation lines up with its execution track record and assumptions for growth, margins and future P/E.
VOLV B
SEK 317.20
AB Volvo
7D
0.3%
1Y
22.6%

VOLV B: Hydrogen Zero Emission Progress Will Support Stronger Long Term Earnings Power

The analyst fair value estimate for AB Volvo has been adjusted slightly higher to SEK 385 from SEK 380, as analysts balance recent target cuts with ongoing target increases and updated assumptions on revenue growth, profit margins, and future P/E levels. Analyst Commentary Recent research on AB Volvo shows a mix of caution and optimism, with the revised fair value estimate sitting slightly above many of the latest price targets cited in Street research.
HUSQ B
SEK 45.54
Husqvarna
7D
9.9%
1Y
-1.3%
VBG B
SEK 351.00
VBG Group
7D
-1.0%
1Y
25.8%

VBG B: Stable Margins And Steady Assumptions Will Support Future Repricing

Analysts maintained the fair value for VBG Group at SEK445, making only minor adjustments to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions that support this stable price target assessment. Valuation Changes Fair Value: Held steady at SEK445, with no change between the previous and updated estimate.
XANO B
SEK 60.00
XANO Industri
7D
-0.5%
1Y
41.3%
ALIG
SEK 117.60
Alimak Group
7D
1.9%
1Y
2.8%

ALIG: Acquisition Focus And Dividend Commitment Will Support Future Upside Potential

Analysts have kept their SEK target for Alimak Group broadly unchanged at around SEK 149, with only small model tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Alimak Group is actively looking for acquisition opportunities, with management highlighting ongoing work to identify targets and use the company’s balance sheet flexibility for potential deals (Key Developments).
EPI A
SEK 253.10
Epiroc
7D
2.1%
1Y
24.6%
ENGCON B
SEK 63.20
engcon
7D
-5.8%
1Y
-33.5%

ENGCON B: Patent Rulings And Recalibrated Assumptions Will Support Future Upside

Analysts have trimmed their price target on engcon to SEK 90 from SEK 100, reflecting updated assumptions in their models while maintaining a broadly supportive stance on the shares. Analyst Commentary Bullish analysts continue to view the SEK 90 price target as consistent with a supportive stance on engcon, even after trimming their assumptions.
SAND
SEK 400.20
Sandvik
7D
0.7%
1Y
100.3%

SAND: Fair Value View Balances Mining Upswing Orders With Restructuring And Dividend

Sandvik's analyst fair value estimate has been updated from SEK 380 to SEK 430 as analysts factor in higher forecast revenue growth, slightly stronger margins, and a modestly lower assumed discount rate, in line with a series of recent price target revisions across the Street. Analyst Commentary Recent Street research on Sandvik shows a mix of views, but with a clear cluster of bullish analysts lifting price targets over the past few months.
FLEXQ
SEK 25.20
FlexQube
7D
-3.4%
1Y
261.0%
ENRAD
SEK 9.50
Enrad
7D
-5.0%
1Y
-2.3%

We Think Enrad (NGM:ENRAD) Can Easily Afford To Drive Business Growth

Oct 14
We Think Enrad (NGM:ENRAD) Can Easily Afford To Drive Business Growth