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Swedish (OMX) Machinery Industry Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies37
  • 7D-0.6%
  • 3M-0.7%
  • 1Y-1.6%
  • YTD-1.4%

Over the last 7 days, the Machinery industry has dropped 1.6%, driven by a pullback from Sandvik of 3.9%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 24 Nov 2025SEK 2.4tSEK 1.2tSEK 109.9b23.2x21.9x2.1x
Wed, 22 Oct 2025SEK 2.5tSEK 1.2tSEK 111.1b23.6x22.4x2.1x
Fri, 19 Sep 2025SEK 2.5tSEK 1.2tSEK 113.3b23.3x21.6x2.1x
Sun, 17 Aug 2025SEK 2.4tSEK 1.2tSEK 113.3b23.9x21.1x2x
Tue, 15 Jul 2025SEK 2.4tSEK 1.2tSEK 123.4b24.2x19.4x2x
Thu, 12 Jun 2025SEK 2.4tSEK 1.2tSEK 123.4b23.7x19.1x1.9x
Sat, 10 May 2025SEK 2.3tSEK 1.2tSEK 123.3b21.6x18.7x1.9x
Mon, 07 Apr 2025SEK 2.1tSEK 1.2tSEK 125.5b21.2x17.1x1.8x
Wed, 05 Mar 2025SEK 2.6tSEK 1.2tSEK 125.4b25.3x20.6x2.1x
Fri, 31 Jan 2025SEK 2.7tSEK 1.2tSEK 124.2b29.1x21.5x2.2x
Sun, 29 Dec 2024SEK 2.4tSEK 1.2tSEK 124.3b26.4x19.5x2x
Tue, 26 Nov 2024SEK 2.4tSEK 1.2tSEK 124.4b24.8x19.7x2x
Thu, 24 Oct 2024SEK 2.5tSEK 1.2tSEK 124.3b27.8x20.3x2.1x
Sat, 21 Sep 2024SEK 2.5tSEK 1.2tSEK 130.0b26.2x19.4x2x
Mon, 19 Aug 2024SEK 2.5tSEK 1.2tSEK 129.9b24.4x19.3x2x
Wed, 17 Jul 2024SEK 2.7tSEK 1.2tSEK 125.4b26.2x21.3x2.1x
Fri, 14 Jun 2024SEK 2.7tSEK 1.2tSEK 125.4b27.3x21.8x2.2x
Sun, 12 May 2024SEK 2.7tSEK 1.2tSEK 125.4b27.7x21.8x2.2x
Tue, 09 Apr 2024SEK 2.6tSEK 1.2tSEK 127.0b24.7x20.7x2.1x
Thu, 07 Mar 2024SEK 2.6tSEK 1.2tSEK 127.0b22.5x20.1x2x
Sat, 03 Feb 2024SEK 2.4tSEK 1.3tSEK 126.7b21.9x18.8x1.9x
Mon, 01 Jan 2024SEK 2.4tSEK 1.2tSEK 119.8b22.3x20.2x2x
Wed, 29 Nov 2023SEK 2.2tSEK 1.2tSEK 119.8b21.9x18.8x1.8x
Fri, 27 Oct 2023SEK 2.1tSEK 1.2tSEK 117.8b21.3x17.4x1.7x
Sun, 24 Sep 2023SEK 2.1tSEK 1.2tSEK 111.4b22.4x19.1x1.8x
Tue, 22 Aug 2023SEK 2.1tSEK 1.2tSEK 111.3b20.6x19x1.8x
Thu, 20 Jul 2023SEK 2.2tSEK 1.2tSEK 110.8b24.6x19.4x1.8x
Sat, 17 Jun 2023SEK 2.2tSEK 1.1tSEK 106.2b24.1x21.1x2x
Mon, 15 May 2023SEK 2.2tSEK 1.1tSEK 106.1b23.6x20.3x1.9x
Wed, 12 Apr 2023SEK 2.0tSEK 1.1tSEK 97.3b22.2x21x1.9x
Fri, 10 Mar 2023SEK 2.1tSEK 1.1tSEK 97.3b22.8x21.1x1.9x
Sun, 05 Feb 2023SEK 2.1tSEK 1.1tSEK 98.2b23x21.5x2x
Tue, 03 Jan 2023SEK 1.9tSEK 1.0tSEK 101.9b17x18.7x1.8x
Thu, 01 Dec 2022SEK 1.9tSEK 1.0tSEK 101.7b16.8x19.1x1.9x
Price to Earnings Ratio

19.1x


Total Market Cap: SEK 1.9tTotal Earnings: SEK 101.7bTotal Revenue: SEK 1.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 20.1x202320242025
Current Industry PE
  • Investors are relatively neutral on the Swedish Machinery industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 20.1x.
  • The industry is trading close to its 3-year average PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 2.6% per year over the last three years.
  • Revenues for these companies have grown 4.0% 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 Market-1.78%
Industrials-1.72%
Machinery-0.62%
Agricultural Machinery1.29%
Construction Machinery and Vehicles1.05%
Industrial Machinery-1.46%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 25.0x.
    • 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 Construction Machinery and Vehicles industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 14.5x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 25% 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 269.402.1%
+SEK 11.2b		-0.1%PE15.4x
SKF B AB SKFSEK 238.100.4%
+SEK 409.8m		14.1%PE22.3x
HUSQ B HusqvarnaSEK 43.991.2%
+SEK 308.8m		-28.6%PE17.7x
ALIG Alimak GroupSEK 138.801.3%
+SEK 190.5m		16.6%PE21.1x
TROAX Troax GroupSEK 136.202.1%
+SEK 167.6m		-35.3%PE34.2x

Latest News

VOLV B
SEK 269.40
AB Volvo
7D
2.1%
1Y
-0.1%

VOLV B: Margin Pressures And Tariff Risks Will Shape Near-Term Prospects

AB Volvo's average analyst price target has declined slightly, as recent updates reflect concerns among analysts about potential margin pressures and tariff headwinds. This has resulted in revised estimates ranging from SEK 242 to SEK 298.
ALFA
SEK 432.40
Alfa Laval
7D
-3.1%
1Y
-9.0%

ALFA: Recent Upgrades And Partnerships Will Support Durable Performance Ahead

The fair value estimate for Alfa Laval has increased modestly by SEK 1.71 to SEK 467.64. This adjustment reflects analysts' improved outlook based on recent upward revisions in price targets, alongside expectations of steady revenue growth and profitability.
INDT
SEK 225.40
Indutrade
7D
-2.3%
1Y
-17.7%
HUSQ B
SEK 43.99
Husqvarna
7D
1.2%
1Y
-28.6%

HUSQ B: Ongoing Restructuring Efforts And AI Rollouts Will Drive Margin Improvement

Analysts have lowered their price target for Husqvarna from SEK 55 to SEK 50, citing ongoing structural challenges as well as the need for clear management strategies to spur future growth. Analyst Commentary Recent analyst assessments reflect a balanced view of Husqvarna's prospects, highlighting both the company's strengths and areas where caution is warranted by investors.
BEIA B
SEK 272.00
Beijer Alma
7D
-1.6%
1Y
62.9%

Market Participants Recognise Beijer Alma AB (publ)'s (STO:BEIA B) Earnings

Nov 17
Market Participants Recognise Beijer Alma AB (publ)'s (STO:BEIA B) Earnings
TREL B
SEK 374.60
Trelleborg
7D
-2.8%
1Y
4.8%

TREL B: Revenue Outlook And Price Expectations Will Shape Share Moves

Analysts have raised their price target for Trelleborg from SEK 365 to SEK 370, citing modest improvements in revenue growth as well as expectations for a higher future price-to-earnings ratio. Analyst Commentary Bullish Takeaways A modest upward revision of the price target signals analysts' confidence in Trelleborg's potential for incremental revenue growth.
SAND
SEK 277.10
Sandvik
7D
-2.7%
1Y
36.4%

SAND: Continued Execution Will Determine Fair Value Stability Amid Sector Shifts

Sandvik's analyst price target has increased modestly to SEK 282.56, as analysts cite a series of upward revisions from major institutions. This reflects continued optimism around the company's growth prospects.
SKF B
SEK 238.10
AB SKF
7D
0.4%
1Y
14.1%

SKF B: Share Outlook Will Balance Automotive Spin-Off Hopes and Market Risks

Analysts have marginally increased their fair value estimate for AB SKF to SEK 260.79 from SEK 257, following recent adjustments in price targets in light of mixed outlooks on the company's growth prospects and profit margins. Analyst Commentary Recent analyst updates highlight a mix of optimism and caution regarding AB SKF’s growth outlook and share valuation.
ALIG
SEK 138.80
Alimak Group
7D
1.3%
1Y
16.6%

ALIG: Profit Margins And Revenue Outlook Will Drive Upside Potential

Analysts have maintained their price target for Alimak Group at SEK 169.33. They cite steady outlooks on profitability and revenue growth projections.
ATCO A
SEK 152.85
Atlas Copco
7D
-0.5%
1Y
-11.9%
EPRO B
SEK 64.40
Electrolux Professional
7D
-2.4%
1Y
-1.7%
SINT
SEK 106.00
SinterCast
7D
2.4%
1Y
-1.9%
TROAX
SEK 136.20
Troax Group
7D
2.1%
1Y
-35.3%
XANO B
SEK 64.00
XANO Industri
7D
1.6%
1Y
10.2%
EPI A
SEK 191.60
Epiroc
7D
-1.3%
1Y
-2.2%

Epiroc AB (publ) Just Missed Earnings - But Analysts Have Updated Their Models

Nov 01
Epiroc AB (publ) Just Missed Earnings - But Analysts Have Updated Their Models
ENGCON B
SEK 73.60
engcon
7D
0.3%
1Y
-38.7%

engcon AB (publ) Just Missed Earnings - But Analysts Have Updated Their Models

Oct 31
engcon AB (publ) Just Missed Earnings - But Analysts Have Updated Their Models