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Swedish (OMX) Machinery Industry Analysis

UpdatedJul 04, 2026
DataAggregated Company Financials
Companies38
  • 7D4.8%
  • 3M13.8%
  • 1Y30.5%
  • YTD17.6%

The Machinery is pretty flat in the last 7 days, but Atlas Copco has stood out, gaining 4.2%. As for the the longer term, the industry is up 26% over the past 12 months. Looking forward, 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, 04 Jul 2026SEK 3.1tSEK 1.1tSEK 104.8b27.7x29.3x2.7x
Mon, 01 Jun 2026SEK 2.9tSEK 1.1tSEK 104.8b25.5x27.5x2.5x
Wed, 29 Apr 2026SEK 2.8tSEK 1.1tSEK 105.2b25.3x26.9x2.5x
Fri, 27 Mar 2026SEK 2.6tSEK 1.2tSEK 106.7b21.4x24.7x2.3x
Sun, 22 Feb 2026SEK 3.0tSEK 1.2tSEK 106.7b25x28.3x2.6x
Tue, 20 Jan 2026SEK 2.8tSEK 1.2tSEK 109.9b25x25.1x2.4x
Thu, 18 Dec 2025SEK 2.5tSEK 1.2tSEK 109.9b23.7x23x2.2x
Sat, 15 Nov 2025SEK 2.4tSEK 1.2tSEK 109.9b24.1x22.2x2.1x
Mon, 13 Oct 2025SEK 2.5tSEK 1.2tSEK 113.3b22.5x21.8x2.1x
Wed, 10 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b23.2x21.4x2.1x
Fri, 08 Aug 2025SEK 2.4tSEK 1.2tSEK 113.3b24.2x20.9x2x
Sun, 06 Jul 2025SEK 2.4tSEK 1.2tSEK 123.4b23.9x19.1x1.9x
Tue, 03 Jun 2025SEK 2.3tSEK 1.2tSEK 123.4b23.8x18.6x1.9x
Thu, 01 May 2025SEK 2.3tSEK 1.2tSEK 123.2b21.5x18.4x1.9x
Sat, 29 Mar 2025SEK 2.5tSEK 1.2tSEK 125.5b23.6x19.7x2x
Mon, 24 Feb 2025SEK 2.7tSEK 1.2tSEK 125.5b26.8x21.7x2.2x
Wed, 22 Jan 2025SEK 2.6tSEK 1.2tSEK 124.3b27.6x20.9x2.1x
Fri, 20 Dec 2024SEK 2.4tSEK 1.2tSEK 124.3b26x19.5x2x
Sun, 17 Nov 2024SEK 2.5tSEK 1.2tSEK 124.4b25.5x19.8x2x
Tue, 15 Oct 2024SEK 2.6tSEK 1.2tSEK 130.0b24.9x20.1x2.1x
Thu, 12 Sep 2024SEK 2.4tSEK 1.2tSEK 130.0b25.6x18.5x1.9x
Sat, 10 Aug 2024SEK 2.4tSEK 1.2tSEK 129.9b24.5x18.7x2x
Mon, 08 Jul 2024SEK 2.6tSEK 1.2tSEK 125.4b26.8x20.8x2.1x
Wed, 05 Jun 2024SEK 2.7tSEK 1.2tSEK 125.4b25.6x21.4x2.2x
Fri, 03 May 2024SEK 2.6tSEK 1.2tSEK 125.4b26.5x20.8x2.1x
Sun, 31 Mar 2024SEK 2.6tSEK 1.2tSEK 127.0b24.9x20.4x2.1x
Tue, 27 Feb 2024SEK 2.5tSEK 1.2tSEK 127.0b24.6x19.9x2x
Thu, 25 Jan 2024SEK 2.3tSEK 1.2tSEK 119.6b21.4x19.5x1.9x
Sat, 23 Dec 2023SEK 2.4tSEK 1.2tSEK 119.8b22.2x20.1x2x
Mon, 20 Nov 2023SEK 2.2tSEK 1.2tSEK 119.8b21.6x18.5x1.8x
Wed, 18 Oct 2023SEK 2.2tSEK 1.2tSEK 111.4b21.9x19.4x1.8x
Fri, 15 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b22.2x19.4x1.8x
Sun, 13 Aug 2023SEK 2.2tSEK 1.2tSEK 111.4b23.5x19.4x1.8x
Tue, 11 Jul 2023SEK 2.2tSEK 1.1tSEK 106.2b24x20.4x1.9x
Price to Earnings Ratio

20.4x


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 21.3x202420252026
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 28.6x which is higher than its 3-year average PE of 21.3x.
  • 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 Market3.36%
Industrials4.76%
Machinery4.77%
Industrial Machinery5.14%
Construction Machinery and Vehicles4.15%
Agricultural Machinery-1.52%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 26.1x.
    • Analysts are expecting annual earnings growth of 11.7%, which is higher than its past year's earnings decline of 15.5% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 23.8x.
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 10% 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 197.404.2%
+SEK 38.8b		25.9%PE36.9x
SAND SandvikSEK 411.806.8%
+SEK 32.7b		85.6%PE34.8x
VOLV B AB VolvoSEK 337.704.0%
+SEK 26.6b		28.7%PE20.9x
EPI A EpirocSEK 267.204.4%
+SEK 13.7b		26.9%PE38x
ALFA Alfa LavalSEK 588.805.3%
+SEK 12.2b		44.3%PE29.8x

Latest News

CI
SEK 0.077
Cell Impact
7D
-11.5%
1Y
-74.4%
EPI A
SEK 267.20
Epiroc
7D
4.4%
1Y
26.9%
INDT
SEK 213.80
Indutrade
7D
8.0%
1Y
-19.9%
Narrative Update • Jul 02

INDT: Upgraded Rating And Refined Assumptions Will Support Future Upside Potential

Analysts have trimmed their fair value estimate for Indutrade to SEK 248.13 per share. This reflects an updated mix of a lower assumed future P/E, a slightly higher discount rate, and revised revenue growth and margin expectations that underpin recent price target changes ranging from SEK 211 to SEK 229.
HUSQ B
SEK 37.27
Husqvarna
7D
-1.6%
1Y
-26.9%
Narrative Update • Jul 01

HUSQ B: Business Exit And SEB Upgrade Will Support Future Rerating

The analyst price target for Husqvarna has been adjusted from SEK 50.25 to SEK 46.20, with analysts citing updated assumptions around discount rates, revenue growth, profit margins and future P/E, in line with recent research such as the upgrade from SEB Equities. What’s in the News for Husqvarna Husqvarna plans to discontinue its non core stone diamond tools business within the Construction Division, including shutting down manufacturing operations in Belgium, Portugal and Greece, as well as all related global service centers and sales activities, with a full withdrawal expected by the end of 2026.
ALFA
SEK 588.80
Alfa Laval
7D
5.3%
1Y
44.3%
Narrative Update • Jul 01

ALFA: Elevated P E Multiples Will Test Renewable Contract Execution Risks

The updated analyst price target for Alfa Laval now stands at SEK 420.61, compared with the prior SEK 430.00. This reflects a blend of recent target increases toward SEK 580 and reductions toward SEK 370 as analysts reassess assumptions on growth, margins and valuation multiples.
TREL B
SEK 419.60
Trelleborg
7D
1.5%
1Y
15.6%
New Narrative • Jul 01

Rising CapEx And Project Volatility Will Pressure Margins And Future Earnings

Catalysts About Trelleborg Trelleborg develops engineered polymer and sealing solutions for industrial, medical, aerospace and automotive applications. What are the underlying business or industry changes driving this perspective?
FREEM
SEK 2.05
Freemelt Holding
7D
-1.4%
1Y
-17.0%
Narrative Update • Jun 26

FREEM: Recent Order Momentum Will Mask Near-Term Earnings Risk

Analysts have raised their price target for Freemelt Holding from SEK 1.40 to SEK 1.60, citing updated assumptions related to discount rates, revenue growth, profit margins and future P/E expectations. What’s in the News for Freemelt Holding Freemelt Holding secured an order from TAE Technologies to conduct a feasibility study, starting with printing tungsten components as part of an engineering evaluation and manufacturing demonstration, with the aim of progressing towards industrial application of additive manufacturing.
SKF B
SEK 265.80
AB SKF
7D
7.9%
1Y
23.2%
Narrative Update • Jun 25

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

The analyst price target for AB SKF has been raised by SEK 2 to reflect slightly higher fair value estimates, with analysts citing modestly adjusted assumptions for revenue, profit margins, and future P/E as key drivers of the change. Analyst Commentary Recent Street research on AB SKF shows a mix of optimism and caution, with several firms adjusting price targets and ratings as they reassess assumptions around earnings power, execution, and appropriate P/E levels.
VOLV B
SEK 337.70
AB Volvo
7D
4.0%
1Y
28.7%
Narrative Update • Jun 24

VOLV B: Autonomous And Hydrogen Truck Progress Will Support Stronger Long Term Earnings

The analyst price target for AB Volvo has been raised to SEK 395 from SEK 385. Analysts point to the company's perceived structural strength, highlighted at recent events, as a key support for the updated valuation assumptions.
ATCO A
SEK 197.40
Atlas Copco
7D
4.2%
1Y
25.9%
Narrative Update • Jun 24

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

The analyst price target for Atlas Copco has been lifted by analysts to SEK 199.33 from SEK 194.43, reflecting updated assumptions around revenue growth, profit margins, a slightly higher future P/E multiple, and recent mixed but generally supportive Street research on the stock. Analyst Commentary Recent Street research on Atlas Copco presents a mix of upbeat and cautious views, with several analysts adjusting price targets in both directions and a couple of rating upgrades.
SAND
SEK 411.80
Sandvik
7D
6.8%
1Y
85.6%
Analysis Article • Jun 20

Sandvik (OM:SAND) Stock Looks 5.9% Overvalued After Barminco Mining Order

Sandvik’s new Barminco order puts mining demand in focus Sandvik (OM:SAND) has secured a SEK 350 million equipment order from Australian mining contractor Barminco for the Bellevue Gold Project, including underground loaders, trucks, drill rigs, and ongoing tools and service support. See our latest analysis for Sandvik. Sandvik’s recent SEK 350 million Barminco contract comes as momentum in the stock has been strong, with a 90 day share price return of 21.73% and a 1 year total shareholder...
CCC
SEK 11.85
Cavotec Group
7D
-7.1%
1Y
n/a
GARPCO B
SEK 256.00
Garpco Aktiebolag
7D
-1.5%
1Y
0%
OXE
SEK 0.28
OXE Marine
7D
-1.7%
1Y
-2.7%
SALT B
SEK 5.81
SaltX Technology Holding
7D
-19.0%
1Y
2.7%
BAWAT
SEK 1.08
Bawat Water Technologies
7D
-6.1%
1Y
66.2%