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Swedish (OMX) Machinery Industry Analysis

UpdatedApr 30, 2026
DataAggregated Company Financials
Companies38
  • 7D-3.5%
  • 3M-1.5%
  • 1Y24.8%
  • YTD7.7%

Over the last 7 days, the Machinery industry has dropped 4.0%, driven by a pullback from Atlas Copco of 6.7%. In contrast, Husqvarna has gained 8.9%. Over the past 12 months, the industry was up 26%. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Apr 2026SEK 2.8tSEK 1.1tSEK 105.1b25.2x26.8x2.5x
Sat, 28 Mar 2026SEK 2.6tSEK 1.2tSEK 106.7b21.2x24.4x2.3x
Mon, 23 Feb 2026SEK 3.0tSEK 1.2tSEK 106.7b25x28.3x2.6x
Wed, 21 Jan 2026SEK 2.8tSEK 1.2tSEK 109.9b24.9x25.2x2.4x
Fri, 19 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.2x23.4x2.2x
Sun, 16 Nov 2025SEK 2.4tSEK 1.2tSEK 109.9b24.1x22.2x2.1x
Tue, 14 Oct 2025SEK 2.5tSEK 1.2tSEK 113.3b22.9x21.9x2.1x
Thu, 11 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b23.2x21.3x2x
Sat, 09 Aug 2025SEK 2.4tSEK 1.2tSEK 113.3b24.1x21x2x
Mon, 07 Jul 2025SEK 2.4tSEK 1.2tSEK 123.4b23.9x19.1x1.9x
Wed, 04 Jun 2025SEK 2.3tSEK 1.2tSEK 123.4b24.4x18.7x1.9x
Fri, 02 May 2025SEK 2.3tSEK 1.2tSEK 123.3b21.1x18.4x1.9x
Sun, 30 Mar 2025SEK 2.5tSEK 1.2tSEK 125.5b23.6x19.7x2x
Tue, 25 Feb 2025SEK 2.7tSEK 1.2tSEK 125.5b26.9x21.6x2.2x
Thu, 23 Jan 2025SEK 2.6tSEK 1.2tSEK 124.3b27.6x20.9x2.1x
Sat, 21 Dec 2024SEK 2.4tSEK 1.2tSEK 124.3b26.1x19.4x2x
Mon, 18 Nov 2024SEK 2.5tSEK 1.2tSEK 124.4b25.5x19.8x2x
Wed, 16 Oct 2024SEK 2.6tSEK 1.2tSEK 130.0b25.2x19.7x2.1x
Fri, 13 Sep 2024SEK 2.4tSEK 1.2tSEK 130.0b25.9x18.8x2x
Sun, 11 Aug 2024SEK 2.4tSEK 1.2tSEK 129.9b24.5x18.7x2x
Tue, 09 Jul 2024SEK 2.6tSEK 1.2tSEK 125.4b26.8x20.9x2.1x
Thu, 06 Jun 2024SEK 2.7tSEK 1.2tSEK 125.4b25.3x21.6x2.2x
Sat, 04 May 2024SEK 2.6tSEK 1.2tSEK 125.4b26.7x20.9x2.1x
Mon, 01 Apr 2024SEK 2.6tSEK 1.2tSEK 127.0b24.9x20.4x2.1x
Wed, 28 Feb 2024SEK 2.5tSEK 1.2tSEK 127.0b24.6x19.8x2x
Fri, 26 Jan 2024SEK 2.3tSEK 1.2tSEK 120.4b21.4x19.3x1.9x
Sun, 24 Dec 2023SEK 2.4tSEK 1.2tSEK 119.8b22.2x20.1x2x
Tue, 21 Nov 2023SEK 2.2tSEK 1.2tSEK 119.8b21.7x18.7x1.8x
Thu, 19 Oct 2023SEK 2.1tSEK 1.2tSEK 116.8b21.9x18.1x1.7x
Sat, 16 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b22.2x19.4x1.8x
Mon, 14 Aug 2023SEK 2.2tSEK 1.2tSEK 111.4b23.5x19.4x1.8x
Wed, 12 Jul 2023SEK 2.2tSEK 1.1tSEK 106.2b24x20.5x1.9x
Fri, 09 Jun 2023SEK 2.2tSEK 1.1tSEK 106.2b24x21.1x2x
Sun, 07 May 2023SEK 2.2tSEK 1.1tSEK 106.1b24.2x20.3x1.9x
Price to Earnings Ratio

20.3x


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 20.9x202420252026
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 26.9x which is higher than its 3-year average PE of 20.9x.
  • 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-3.69%
Industrials-4.52%
Machinery-3.54%
Agricultural Machinery9.68%
Construction Machinery and Vehicles0.81%
Industrial Machinery-5.83%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 25.8x.
    • Analysts are expecting annual earnings growth of 10.7%, which is higher than its past year's earnings decline of 10.1% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 24.6x.
Forecasted Growth
  • Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings decline of 9.2% 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
EPI A EpirocSEK 258.002.6%
+SEK 7.9b		23.6%PE36.3x
HUSQ B HusqvarnaSEK 43.619.8%
+SEK 2.2b		-3.2%PE12.7x
BEIA B Beijer AlmaSEK 287.505.3%
+SEK 873.8m		43.0%PE28.1x
VOLV B AB VolvoSEK 318.200.09%
+SEK 610.0m		21.2%PE19.7x
SALT B SaltX Technology HoldingSEK 5.7849.7%
+SEK 382.0m		23.6%PS24.7x

Latest News

SAND
SEK 380.30
Sandvik
7D
-3.1%
1Y
90.1%
ATCO A
SEK 172.35
Atlas Copco
7D
-7.9%
1Y
15.0%
BEIA B
SEK 287.50
Beijer Alma
7D
5.3%
1Y
43.0%
EPI A
SEK 258.00
Epiroc
7D
2.6%
1Y
23.6%
EPRO B
SEK 46.35
Electrolux Professional
7D
-13.7%
1Y
-17.7%
ENGCON B
SEK 65.90
engcon
7D
1.7%
1Y
-29.4%
HUSQ B
SEK 43.61
Husqvarna
7D
9.8%
1Y
-3.2%

HUSQ B: Refined Assumptions And Higher Future P/E Will Support Repricing

Analysts have raised their price target for Husqvarna to SEK 63 from SEK 60, citing updated assumptions on revenue growth, profit margins, and future P/E, along with recent mixed research that includes an upgrade at SEB Equities and a SEK 5 price target reduction at Jefferies. Analyst Commentary Bullish analysts are framing the revised SEK 63 price target as a reflection of updated views on Husqvarna's ability to support current valuation levels through revenue growth, profit margins, and the assumed future P/E multiple.
INDT
SEK 198.40
Indutrade
7D
-20.7%
1Y
-23.9%
VOLV B
SEK 318.20
AB Volvo
7D
0.09%
1Y
21.2%
ALIG
SEK 106.40
Alimak Group
7D
-9.2%
1Y
-12.8%

ALIG: Acquisition Pipeline And Dividend Policy Will Drive Future Upside Potential

Analysts have slightly adjusted their view on Alimak Group, trimming the implied fair value from SEK148.67 to SEK148.00 as updated assumptions for the discount rate, revenue growth, profit margin and future P/E are incorporated into their models. What's in the News Alimak Group AB is actively looking for acquisition opportunities, with management highlighting ongoing work on potential deals and pointing to relatively low leverage as giving the company room to act (Key Developments).
SALT B
SEK 5.78
SaltX Technology Holding
7D
49.7%
1Y
23.6%
TREL B
SEK 375.60
Trelleborg
7D
-1.2%
1Y
12.9%
ALFA
SEK 536.40
Alfa Laval
7D
-2.1%
1Y
34.1%
SKF B
SEK 228.20
AB SKF
7D
-1.0%
1Y
20.4%
CI
SEK 0.22
Cell Impact
7D
42.4%
1Y
-72.9%
GARPCO B
SEK 270.00
Garpco Aktiebolag
7D
7.1%
1Y
10.7%