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

Swedish (OMX) Machinery Industry Analysis

UpdatedMay 11, 2026
DataAggregated Company Financials
Companies38
  • 7D1.1%
  • 3M-3.7%
  • 1Y25.1%
  • YTD9.9%

The Machinery industry is up 1.1% in the last week, with Atlas Copco up 5.8%. This means that the industry has gained 25% over the past year. 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
Mon, 11 May 2026SEK 2.9tSEK 1.1tSEK 104.7b25.8x27.5x2.5x
Wed, 08 Apr 2026SEK 2.7tSEK 1.2tSEK 106.7b23.8x25.5x2.4x
Fri, 06 Mar 2026SEK 2.9tSEK 1.2tSEK 106.7b23.2x26.9x2.5x
Sun, 01 Feb 2026SEK 2.8tSEK 1.2tSEK 106.4b25x26.7x2.5x
Tue, 30 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.6x23.6x2.2x
Thu, 27 Nov 2025SEK 2.5tSEK 1.2tSEK 109.9b24x22.7x2.1x
Sat, 25 Oct 2025SEK 2.5tSEK 1.2tSEK 110.7b24.4x23x2.2x
Mon, 22 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b23.2x21.6x2.1x
Wed, 20 Aug 2025SEK 2.4tSEK 1.2tSEK 113.3b23.9x21.5x2.1x
Fri, 18 Jul 2025SEK 2.4tSEK 1.2tSEK 123.1b24.1x19.8x2x
Sun, 15 Jun 2025SEK 2.3tSEK 1.2tSEK 123.4b23.5x18.7x1.9x
Tue, 13 May 2025SEK 2.4tSEK 1.2tSEK 123.4b22.4x19.6x2x
Thu, 10 Apr 2025SEK 2.0tSEK 1.2tSEK 125.5b20.8x16.1x1.7x
Sat, 08 Mar 2025SEK 2.7tSEK 1.2tSEK 125.4b25.9x21.5x2.2x
Mon, 03 Feb 2025SEK 2.7tSEK 1.2tSEK 125.3b27.5x21.4x2.2x
Wed, 01 Jan 2025SEK 2.4tSEK 1.2tSEK 124.3b26x19.4x2x
Fri, 29 Nov 2024SEK 2.4tSEK 1.2tSEK 124.4b25.6x19.6x2x
Sun, 27 Oct 2024SEK 2.5tSEK 1.2tSEK 124.7b28.2x20.4x2.1x
Tue, 24 Sep 2024SEK 2.5tSEK 1.2tSEK 130.0b26.2x19.4x2x
Thu, 22 Aug 2024SEK 2.5tSEK 1.2tSEK 129.9b24.7x19.3x2x
Sat, 20 Jul 2024SEK 2.6tSEK 1.2tSEK 130.3b25.1x19.8x2.1x
Mon, 17 Jun 2024SEK 2.6tSEK 1.2tSEK 125.4b26.9x21x2.1x
Wed, 15 May 2024SEK 2.7tSEK 1.2tSEK 125.4b25.8x21.7x2.2x
Fri, 12 Apr 2024SEK 2.6tSEK 1.2tSEK 127.0b24.2x20.4x2.1x
Sun, 10 Mar 2024SEK 2.6tSEK 1.2tSEK 127.0b23x20.4x2.1x
Tue, 06 Feb 2024SEK 2.3tSEK 1.2tSEK 126.6b22x18.5x1.9x
Thu, 04 Jan 2024SEK 2.4tSEK 1.2tSEK 119.8b22.2x19.7x1.9x
Sat, 02 Dec 2023SEK 2.3tSEK 1.2tSEK 119.8b21.8x19.1x1.9x
Mon, 30 Oct 2023SEK 2.0tSEK 1.2tSEK 118.6b20.2x17.3x1.7x
Wed, 27 Sep 2023SEK 2.1tSEK 1.2tSEK 111.4b21.7x18.9x1.8x
Fri, 25 Aug 2023SEK 2.1tSEK 1.2tSEK 111.3b20.7x19x1.8x
Sun, 23 Jul 2023SEK 2.2tSEK 1.2tSEK 111.4b24.5x19.5x1.8x
Tue, 20 Jun 2023SEK 2.2tSEK 1.1tSEK 106.2b24.3x20.9x1.9x
Thu, 18 May 2023SEK 2.2tSEK 1.1tSEK 106.1b23.2x20.4x1.9x
Price to Earnings Ratio

20.4x


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 21x202420252026
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 27.5x which is higher than its 3-year average PE of 21.0x.
  • The 3-year average PS ratio of 2.1x 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 Market0.77%
Industrials0.69%
Machinery1.12%
Agricultural Machinery2.04%
Construction Machinery and Vehicles1.53%
Industrial Machinery0.88%
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 11.1%, 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 24.5x.
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 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
ATCO A Atlas CopcoSEK 180.055.6%
+SEK 46.3b		11.0%PE33.7x
VOLV B AB VolvoSEK 324.203.7%
+SEK 23.4b		17.5%PE20x
EPI A EpirocSEK 275.006.5%
+SEK 20.3b		23.5%PE39.1x
SKF B AB SKFSEK 235.303.8%
+SEK 3.9b		12.0%PE28.5x
TREL B TrelleborgSEK 388.003.8%
+SEK 3.2b		6.2%PE23.9x

Latest News

XANO B
SEK 48.50
XANO Industri
7D
-13.4%
1Y
-1.0%
TREL B
SEK 388.00
Trelleborg
7D
3.8%
1Y
6.2%
Narrative Update • May 09

TREL B: Future View Will Weigh Conviction List Status Against Trimmed Assumptions

Analysts have updated their view on Trelleborg with a revised price target of SEK 412.64, compared with the previous SEK 405.90. This change reflects Citi's SEK 10 trim and the stock's recent addition to a European conviction list, as analysts emphasize the company's focus on structural growth areas and adjusted assumptions for growth, margins and future P/E.
HUSQ B
SEK 44.65
Husqvarna
7D
3.7%
1Y
-10.7%
VOLV B
SEK 324.20
AB Volvo
7D
3.7%
1Y
17.5%
TROAX
SEK 103.20
Troax Group
7D
-3.0%
1Y
-30.2%
Narrative Update • May 08

TROAX: Reshoring And Automation Will Support Stronger Margins And Dividend Appeal

Analysts have adjusted their price target for Troax Group to SEK149.99 from SEK152.03, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E multiples. What's in the News The Annual General Meeting on 22 April 2026 approved a dividend of €0.24 per share.
SAND
SEK 368.10
Sandvik
7D
-1.3%
1Y
69.0%
Narrative Update • May 08

SAND: Higher Multiple Expectations Will Likely Cap Returns Despite Mixed Sector Positioning

Analysts have lifted the Sandvik fair value estimate from SEK 329.30 to SEK 381.65. This reflects a series of recent price target increases in the SEK 12 to SEK 80 range and several upgrades that highlight expectations for higher revenue growth, slightly stronger margins and a higher future P/E multiple.
ATCO A
SEK 180.05
Atlas Copco
7D
5.6%
1Y
11.0%
EPI A
SEK 275.00
Epiroc
7D
6.5%
1Y
23.5%
FREEM
SEK 1.34
Freemelt Holding
7D
-7.6%
1Y
28.8%
VBG B
SEK 351.00
VBG Group
7D
8.7%
1Y
25.8%
EPRO B
SEK 45.40
Electrolux Professional
7D
-1.8%
1Y
-28.6%
BEIA B
SEK 303.50
Beijer Alma
7D
6.3%
1Y
42.8%
Analysis Article • May 05

Investors Can Find Comfort In Beijer Alma's (STO:BEIA B) Earnings Quality

The market was pleased with the recent earnings report from Beijer Alma AB (publ) ( STO:BEIA B ), despite the profit...
INDT
SEK 194.50
Indutrade
7D
-1.1%
1Y
-29.2%
Narrative Update • May 04

INDT: Upgraded Outlook And Capital Allocation Will Support Future Earnings Resilience

Analysts have trimmed their 12 month price target for Indutrade from SEK 315 to SEK 305, reflecting updated views on fair value, discount rate and long term revenue and margin assumptions following recent research, such as the upgrade at Kepler Cheuvreux. Analyst Commentary Recent research points to a mixed but generally constructive setup for Indutrade, with price targets adjusted to reflect updated assumptions on valuation, discount rates and long term revenue and margin profiles.
ENGCON B
SEK 66.70
engcon
7D
-3.8%
1Y
-26.7%
Analysis Article • May 03

engcon AB (publ) Just Recorded A 8.6% EPS Beat: Here's What Analysts Are Forecasting Next

engcon AB (publ) ( STO:ENGCON B ) investors will be delighted, with the company turning in some strong numbers with its...
ALFA
SEK 544.00
Alfa Laval
7D
-0.1%
1Y
31.7%
Narrative Update • May 03

ALFA: Future Tanker Orders Will Support Higher Fair Value Estimate

Alfa Laval's analyst fair value estimate has shifted from SEK 570 to SEK 635. This reflects a mix of higher SEK-based price targets from several banks and updated assumptions on revenue growth, profit margins and future P/E that analysts see as better aligned with recent order and valuation trends.
SKF B
SEK 235.30
AB SKF
7D
3.8%
1Y
12.0%