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Swedish (OMX) Machinery Industry Analysis

UpdatedJun 25, 2026
DataAggregated Company Financials
Companies38
  • 7D-1.5%
  • 3M11.3%
  • 1Y28.5%
  • YTD12.0%

The Machinery industry has been flat over the last week, but Epiroc has lost 5.8%. The past year has been better, since the industry has gained 28% in that time. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Jun 2026SEK 2.9tSEK 1.1tSEK 104.8b26.5x27.9x2.6x
Sat, 23 May 2026SEK 2.9tSEK 1.1tSEK 104.8b26.5x27.3x2.5x
Mon, 20 Apr 2026SEK 3.0tSEK 1.2tSEK 106.7b25.3x28.1x2.6x
Wed, 18 Mar 2026SEK 2.7tSEK 1.2tSEK 106.7b22x25.5x2.4x
Fri, 13 Feb 2026SEK 3.0tSEK 1.2tSEK 106.5b24.9x28x2.6x
Sun, 11 Jan 2026SEK 2.7tSEK 1.2tSEK 109.9b25x24.9x2.3x
Tue, 09 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.6x23.8x2.2x
Thu, 06 Nov 2025SEK 2.5tSEK 1.2tSEK 110.0b24x22.4x2.1x
Sat, 04 Oct 2025SEK 2.5tSEK 1.2tSEK 113.3b22.9x22.2x2.1x
Mon, 01 Sep 2025SEK 2.4tSEK 1.2tSEK 113.2b23.1x21.3x2x
Wed, 30 Jul 2025SEK 2.4tSEK 1.2tSEK 113.3b24.7x21.2x2x
Fri, 27 Jun 2025SEK 2.3tSEK 1.2tSEK 123.4b23.9x18.5x1.9x
Sun, 25 May 2025SEK 2.3tSEK 1.2tSEK 123.4b21.9x18.8x1.9x
Tue, 22 Apr 2025SEK 2.2tSEK 1.2tSEK 128.0b21.1x17x1.8x
Thu, 20 Mar 2025SEK 2.6tSEK 1.2tSEK 125.4b25.4x20.9x2.2x
Sat, 15 Feb 2025SEK 2.7tSEK 1.2tSEK 125.6b27.1x21.8x2.3x
Mon, 13 Jan 2025SEK 2.5tSEK 1.2tSEK 124.3b25.2x19.9x2x
Wed, 11 Dec 2024SEK 2.6tSEK 1.2tSEK 124.3b26.6x20.6x2.1x
Fri, 08 Nov 2024SEK 2.6tSEK 1.2tSEK 124.4b27.7x20.9x2.1x
Sun, 06 Oct 2024SEK 2.6tSEK 1.2tSEK 130.0b25.3x20.4x2.1x
Tue, 03 Sep 2024SEK 2.6tSEK 1.2tSEK 129.9b26.5x19.7x2.1x
Thu, 01 Aug 2024SEK 2.6tSEK 1.2tSEK 130.0b24.9x20x2.1x
Sat, 29 Jun 2024SEK 2.6tSEK 1.2tSEK 125.4b26.5x21x2.1x
Mon, 27 May 2024SEK 2.8tSEK 1.2tSEK 125.4b25.6x22.1x2.2x
Wed, 24 Apr 2024SEK 2.5tSEK 1.2tSEK 125.3b23.5x20.3x2x
Fri, 22 Mar 2024SEK 2.7tSEK 1.2tSEK 127.0b24.5x21.2x2.2x
Sun, 18 Feb 2024SEK 2.5tSEK 1.2tSEK 126.9b22.8x19.4x2x
Tue, 16 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b21.9x19.3x1.9x
Thu, 14 Dec 2023SEK 2.3tSEK 1.2tSEK 119.8b21.4x19.5x1.9x
Sat, 11 Nov 2023SEK 2.1tSEK 1.2tSEK 118.5b20.9x17.9x1.7x
Mon, 09 Oct 2023SEK 2.1tSEK 1.2tSEK 111.4b22.6x19.2x1.8x
Wed, 06 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b22.1x19.6x1.8x
Fri, 04 Aug 2023SEK 2.2tSEK 1.2tSEK 111.4b24.1x19.5x1.8x
Sun, 02 Jul 2023SEK 2.2tSEK 1.1tSEK 106.2b24.8x21x1.9x
Price to Earnings Ratio

21x


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 28.0x 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 2.6x.
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 Market-0.80%
Industrials-1.10%
Machinery-1.47%
Industrial Machinery-1.15%
Construction Machinery and Vehicles-2.06%
Agricultural Machinery-3.48%
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 11.7%, 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 23.9x.
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
ALFA Alfa LavalSEK 557.201.8%
+SEK 4.1b		41.5%PE28.2x
SKF B AB SKFSEK 248.402.1%
+SEK 2.3b		17.6%PE30.1x
TREL B TrelleborgSEK 417.600.7%
+SEK 670.2m		19.7%PE25.7x
ALIG Alimak GroupSEK 118.803.3%
+SEK 402.2m		-16.6%PE22.2x
ARENIT SDB Arenit IndustrieSEK 81.0011.0%
+SEK 190.8m		n/an/a

Latest News

EPI A
SEK 258.30
Epiroc
7D
-5.8%
1Y
25.0%
Narrative Update • Jun 22

EPI A: Autonomy Expansion And Equipment Partnerships Will Support Steady Future P/E

Analysts have nudged their fair value estimate for Epiroc up slightly from SEK 272.20 to SEK 274.35, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. What's in the News Epiroc won an order from Heidelberg Materials to adapt and implement its LinkOA autonomous solution for driverless haul trucks at a quarry in Western Australia, extending LinkOA from mining into the aggregates sector.
SAND
SEK 386.90
Sandvik
7D
-2.6%
1Y
81.9%
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...
VOLV B
SEK 318.20
AB Volvo
7D
-0.3%
1Y
23.1%
Analysis Article • Jun 20

AB Volvo (OM:VOLV B) Stock Could Be 5.3% Undervalued After Texas Driverless Freight Launch

AB Volvo (OM:VOLV B) is in focus after Volvo Autonomous Solutions and AVI-SPL began commercial driverless freight operations in Texas, alongside a separate agreement to advance hydrogen fuel system technology for heavy-duty Volvo engines. See our latest analysis for AB Volvo. These autonomous freight and hydrogen engine initiatives come as AB Volvo’s share price sits at SEK321.6, with a 90 day share price return of 11.63% and a 1 year total shareholder return of 30.02%, suggesting momentum...
INDT
SEK 189.60
Indutrade
7D
-0.7%
1Y
-25.7%
Narrative Update • Jun 18

INDT: Fair Outlook Will Balance Lower P/E Assumptions And Createc Acquisition

Indutrade's analyst price target has been revised from SEK 230 to SEK 211, as analysts factor in updated assumptions on discount rates, revenue growth, profit margins and future P/E multiples, in line with recent Street research. What’s in the News for Indutrade Indutrade has signed an agreement to acquire all shares in Createc GmbH & Co. KG, a German specialist in high-performance composite components serving medical instruments, sealing solutions, pump bearing applications, medical technology, energy and process industry customers.
HUSQ B
SEK 37.33
Husqvarna
7D
-3.5%
1Y
-23.6%
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.
ALIG
SEK 118.80
Alimak Group
7D
3.3%
1Y
-16.6%
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.
BEIA B
SEK 289.00
Beijer Alma
7D
-1.7%
1Y
29.3%
Narrative Update • Jun 17

BEIA B: Dividend Structure And Refined Assumptions Will Support Fair Value

Analysts have nudged their fair value estimate for Beijer Alma stock from SEK 325 to SEK 328.50, citing updated assumptions around discount rates, revenue growth and profit margins, as well as a slightly adjusted future P/E multiple. What’s in the News for Beijer Alma Beijer Alma shareholders approved a dividend of SEK 4 per share for 2025 at the Annual General Meeting held on April 28, 2026, in line with the Board of Directors’ proposal.
TREL B
SEK 417.60
Trelleborg
7D
0.7%
1Y
19.7%
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 557.20
Alfa Laval
7D
1.8%
1Y
41.5%
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.
FREEM
SEK 2.10
Freemelt Holding
7D
24.3%
1Y
4.5%
EPRO B
SEK 43.25
Electrolux Professional
7D
-6.1%
1Y
-33.9%
Narrative Update • Jun 12

EPRO B: Scandinavian Design Experiences Will Support Future Upside Potential

Analysts have maintained their fair value target for Electrolux Professional at SEK 67, making only small adjustments to assumptions such as the discount rate and future P/E to reflect updated risk and earnings expectations. What's in the News Electrolux Group, under the Electrolux brand, presented "The Swedish Home" installation at Milan Design Week 2026, focusing on calm, clarity and emotional wellbeing in modern homes, rooted in Scandinavian design principles.
SKF B
SEK 248.40
AB SKF
7D
2.1%
1Y
17.6%
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 190.15
Atlas Copco
7D
-1.7%
1Y
26.9%
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.
GARPCO B
SEK 270.00
Garpco Aktiebolag
7D
5.5%
1Y
14.4%
ARENIT SDB
SEK 81.00
Arenit Industrie
7D
11.0%
1Y
n/a
SALT B
SEK 7.41
SaltX Technology Holding
7D
2.1%
1Y
86.4%