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

Swedish (OMX) Machinery Industry Analysis

UpdatedJun 19, 2026
DataAggregated Company Financials
Companies38
  • 7D6.4%
  • 3M18.3%
  • 1Y32.0%
  • YTD15.1%

The Machinery industry is up 6.4% in the last week, with Atlas Copco up 7.9%. In the last 12 months, the industry was up 32%. 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
Fri, 19 Jun 2026SEK 3.0tSEK 1.1tSEK 104.8b26.5x28.7x2.7x
Sun, 17 May 2026SEK 2.8tSEK 1.1tSEK 104.7b26x26.7x2.5x
Tue, 14 Apr 2026SEK 2.9tSEK 1.2tSEK 106.7b24.5x27.1x2.5x
Thu, 12 Mar 2026SEK 2.8tSEK 1.2tSEK 106.7b22.8x26.6x2.5x
Sat, 07 Feb 2026SEK 3.0tSEK 1.2tSEK 106.6b24.9x27.8x2.6x
Mon, 05 Jan 2026SEK 2.6tSEK 1.2tSEK 109.9b24.7x23.8x2.2x
Wed, 03 Dec 2025SEK 2.5tSEK 1.2tSEK 109.9b24.2x22.9x2.1x
Fri, 31 Oct 2025SEK 2.5tSEK 1.2tSEK 109.9b24.6x22.8x2.1x
Sun, 28 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b22.3x21.3x2x
Tue, 26 Aug 2025SEK 2.4tSEK 1.2tSEK 113.2b23.5x21.4x2x
Thu, 24 Jul 2025SEK 2.4tSEK 1.2tSEK 113.3b24.4x21.3x2x
Sat, 21 Jun 2025SEK 2.3tSEK 1.2tSEK 123.4b24x18.5x1.9x
Mon, 19 May 2025SEK 2.4tSEK 1.2tSEK 123.4b22.8x19.6x2x
Wed, 16 Apr 2025SEK 2.2tSEK 1.2tSEK 125.5b21.4x17.8x1.8x
Fri, 14 Mar 2025SEK 2.6tSEK 1.2tSEK 125.4b24.9x20.6x2.1x
Sun, 09 Feb 2025SEK 2.6tSEK 1.2tSEK 125.5b26.2x21.1x2.2x
Tue, 07 Jan 2025SEK 2.4tSEK 1.2tSEK 124.3b26.2x19.6x2x
Thu, 05 Dec 2024SEK 2.6tSEK 1.2tSEK 124.3b26x20.6x2.1x
Sat, 02 Nov 2024SEK 2.5tSEK 1.2tSEK 124.3b27.7x20.1x2x
Mon, 30 Sep 2024SEK 2.7tSEK 1.2tSEK 130.0b26.2x20.6x2.1x
Wed, 28 Aug 2024SEK 2.5tSEK 1.2tSEK 129.9b23.1x19.4x2x
Fri, 26 Jul 2024SEK 2.5tSEK 1.2tSEK 130.0b24.6x19.6x2x
Sun, 23 Jun 2024SEK 2.6tSEK 1.2tSEK 125.4b27.6x21.1x2.1x
Tue, 21 May 2024SEK 2.8tSEK 1.2tSEK 125.4b25.7x22x2.2x
Thu, 18 Apr 2024SEK 2.6tSEK 1.2tSEK 128.1b23.4x20.3x2.1x
Sat, 16 Mar 2024SEK 2.7tSEK 1.2tSEK 127.0b23.4x20.9x2.1x
Mon, 12 Feb 2024SEK 2.4tSEK 1.2tSEK 126.9b22.1x18.7x1.9x
Wed, 10 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b22.6x19.3x1.9x
Fri, 08 Dec 2023SEK 2.3tSEK 1.2tSEK 119.8b22x19.4x1.9x
Sun, 05 Nov 2023SEK 2.1tSEK 1.2tSEK 118.6b21.7x17.9x1.7x
Tue, 03 Oct 2023SEK 2.1tSEK 1.2tSEK 111.4b22.8x19.3x1.8x
Thu, 31 Aug 2023SEK 2.2tSEK 1.2tSEK 111.3b20.8x19.5x1.8x
Sat, 29 Jul 2023SEK 2.2tSEK 1.2tSEK 111.4b24.1x20x1.9x
Mon, 26 Jun 2023SEK 2.2tSEK 1.1tSEK 106.2b24x20.5x1.9x
Price to Earnings Ratio

20.5x


Total Market Cap: SEK 2.2tTotal Earnings: SEK 106.2bTotal Revenue: SEK 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 21.2x202420252026
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 28.7x which is higher than its 3-year average PE of 21.2x.
  • 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 Market2.18%
Industrials4.07%
Machinery6.36%
Industrial Machinery7.49%
Construction Machinery and Vehicles4.38%
Agricultural Machinery-3.50%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 26.0x.
    • Analysts are expecting annual earnings growth of 11.6%, which is higher than its past year's earnings decline of 14.9% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 24.0x.
Forecasted Growth
  • Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings decline of 6.6% per year.
  • In contrast, the Agricultural Machinery industry is expected to see its earnings grow by 12% 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 195.857.9%
+SEK 69.8b		29.7%PE36.6x
SAND SandvikSEK 406.7010.6%
+SEK 49.0b		94.1%PE34.4x
VOLV B AB VolvoSEK 321.603.7%
+SEK 23.4b		24.9%PE19.9x
EPI A EpirocSEK 277.205.9%
+SEK 18.6b		33.4%PE39.4x
ALFA Alfa LavalSEK 552.605.5%
+SEK 11.8b		37.9%PE27.9x

Latest News

EPI A
SEK 277.20
Epiroc
7D
5.9%
1Y
33.4%
HUSQ B
SEK 38.86
Husqvarna
7D
-3.5%
1Y
-20.1%
Narrative Update • Jun 17

HUSQ B: Business Exit And SEB Upgrade Will Support Future Re Rating

The updated analyst price target for Husqvarna now stands at SEK 50.25, up from SEK 47.75, with analysts citing revised assumptions on revenue growth, profit margins, and future P/E multiples following recent research updates, including the SEB Equities upgrade. What’s in the News for Husqvarna Husqvarna plans to discontinue its non core stone diamond tools business within the Construction Division.
SAND
SEK 406.70
Sandvik
7D
10.6%
1Y
94.1%
ALIG
SEK 116.40
Alimak Group
7D
7.0%
1Y
-17.6%
Narrative Update • Jun 17

ALIG: Stable Margins And Lower Risk Assumptions Will Support Future Upside Potential

Analysts have kept their SEK 143.0 price target for Alimak Group broadly in line with prior estimates, citing only small tweaks to inputs such as the discount rate, revenue growth assumptions, profit margin outlook and future P/E expectations. What’s in the News for Alimak Group No recent company specific news items for Alimak Group were identified in the provided sources.
TREL B
SEK 420.20
Trelleborg
7D
4.1%
1Y
21.8%
Narrative Update • Jun 17

TREL B: Future View Will Weigh Gomet Deal Against Expanded Buybacks

The analyst price target for Trelleborg has moved slightly higher to SEK 420, supported by analysts pointing to updated assumptions on growth, margins and discount rate, alongside recent Street views that include an upgrade to Buy with a SEK 460 target and a separate SEK 10 reduction from Citi. Analyst Commentary Recent Street research on Trelleborg gives a mixed but useful read on how the stock is being viewed, with one upgrade alongside a small price target trim that both feed into the current SEK 420 analyst price target.
ALFA
SEK 552.60
Alfa Laval
7D
5.5%
1Y
37.9%
Narrative Update • Jun 17

ALFA: Fair Outlook Balances Mixed Rating Shifts With Execution Risks

Alfa Laval's analyst price target has been adjusted within a mixed research backdrop, as some firms have trimmed SEK based targets while others have raised them. Analysts generally point to updated assumptions on discount rates, profitability and P/E expectations to support their revised views.
VOLV B
SEK 321.60
AB Volvo
7D
3.7%
1Y
24.9%
SKF B
SEK 246.10
AB SKF
7D
4.7%
1Y
18.7%
Narrative Update • Jun 11

SKF B: Mixed Rating Shifts And AI Push Will Shape Balanced Outlook

Narrative Update The analyst price target for AB SKF has been revised slightly higher to SEK 258.41 from SEK 257.24, as analysts factor in modest adjustments to discount rates, revenue growth assumptions, profit margins, and future P/E expectations following a mix of recent target changes and rating updates across the Street. Analyst Commentary Recent research updates on AB SKF point to a mixed view, with some analysts lifting ratings or targets while others trim targets or downgrade the stock.
ATCO A
SEK 195.85
Atlas Copco
7D
7.9%
1Y
29.7%
Narrative Update • Jun 08

ATCO A: Special Dividend And Split Ratings Will Shape Future Returns

Atlas Copco's analyst price target has been adjusted slightly, with the updated fair value estimate moving from SEK 195.14 to SEK 194.43 as analysts factor in mixed recent target changes and more balanced assumptions on revenue growth, margins and future P/E levels. Analyst Commentary Recent Street research on Atlas Copco has been mixed, with price target increases, reductions and a couple of upgrades all feeding into the slight reduction in the aggregated fair value estimate.
OPTI
SEK 2.75
OptiCept Technologies
7D
-15.6%
1Y
-38.0%
CNCJO B
SEK 48.30
Concejo
7D
-1.4%
1Y
19.6%
GARPCO B
SEK 258.00
Garpco Aktiebolag
7D
-1.5%
1Y
9.3%
SINT
SEK 105.50
SinterCast
7D
-1.4%
1Y
-9.4%
ENRAD
SEK 9.00
Enrad
7D
-7.2%
1Y
-17.1%
CI
SEK 0.092
Cell Impact
7D
-29.7%
1Y
-77.7%
IMPC
SEK 4.00
Impact Coatings
7D
-8.7%
1Y
34.7%