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Swedish (OMX) Machinery Industry Analysis

UpdatedJul 02, 2026
DataAggregated Company Financials
Companies38
  • 7D2.3%
  • 3M10.8%
  • 1Y25.8%
  • YTD14.5%

Over the last 7 days, the Machinery industry has risen 2.3%, driven by gains in Atlas Copco and AB Volvo of 2.4% and 2.9%, respectively. This means that the industry has gained 26% over the past year. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Jul 2026SEK 3.0tSEK 1.1tSEK 104.8b26.9x28.6x2.6x
Sat, 30 May 2026SEK 2.9tSEK 1.1tSEK 104.8b25.5x27.5x2.5x
Mon, 27 Apr 2026SEK 2.9tSEK 1.1tSEK 105.2b25.7x27.8x2.6x
Wed, 25 Mar 2026SEK 2.6tSEK 1.2tSEK 106.7b20.8x24.5x2.3x
Fri, 20 Feb 2026SEK 3.0tSEK 1.2tSEK 106.7b24.7x28.1x2.6x
Sun, 18 Jan 2026SEK 2.8tSEK 1.2tSEK 109.9b25.4x25.7x2.4x
Tue, 16 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.4x23.6x2.2x
Thu, 13 Nov 2025SEK 2.5tSEK 1.2tSEK 109.9b24.7x22.7x2.1x
Sat, 11 Oct 2025SEK 2.5tSEK 1.2tSEK 113.3b22.5x21.8x2.1x
Mon, 08 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b22.8x21.3x2x
Wed, 06 Aug 2025SEK 2.3tSEK 1.2tSEK 113.3b24.2x20.6x2x
Fri, 04 Jul 2025SEK 2.4tSEK 1.2tSEK 123.4b24.1x19.2x2x
Sun, 01 Jun 2025SEK 2.3tSEK 1.2tSEK 123.4b23.2x18.9x1.9x
Tue, 29 Apr 2025SEK 2.3tSEK 1.2tSEK 123.4b22.1x18.5x1.9x
Thu, 27 Mar 2025SEK 2.5tSEK 1.2tSEK 125.4b24.4x20.3x2.1x
Sat, 22 Feb 2025SEK 2.7tSEK 1.2tSEK 125.5b26.8x21.8x2.2x
Mon, 20 Jan 2025SEK 2.6tSEK 1.2tSEK 124.3b26.5x20.8x2.1x
Wed, 18 Dec 2024SEK 2.5tSEK 1.2tSEK 124.3b25.6x20x2x
Fri, 15 Nov 2024SEK 2.5tSEK 1.2tSEK 124.4b26.3x20x2x
Sun, 13 Oct 2024SEK 2.6tSEK 1.2tSEK 130.0b24.9x20.1x2.1x
Tue, 10 Sep 2024SEK 2.4tSEK 1.2tSEK 130.0b25.8x18.7x1.9x
Thu, 08 Aug 2024SEK 2.4tSEK 1.2tSEK 129.9b24.1x18.7x1.9x
Sat, 06 Jul 2024SEK 2.6tSEK 1.2tSEK 125.4b26.8x20.8x2.1x
Mon, 03 Jun 2024SEK 2.7tSEK 1.2tSEK 125.4b25.7x21.6x2.2x
Wed, 01 May 2024SEK 2.6tSEK 1.2tSEK 125.4b26.9x21.1x2.1x
Fri, 29 Mar 2024SEK 2.6tSEK 1.2tSEK 127.0b24.9x20.4x2.1x
Sun, 25 Feb 2024SEK 2.5tSEK 1.2tSEK 127.0b24.6x19.8x2x
Tue, 23 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b21.2x19.3x1.9x
Thu, 21 Dec 2023SEK 2.4tSEK 1.2tSEK 119.8b22.3x20.2x2x
Sat, 18 Nov 2023SEK 2.2tSEK 1.2tSEK 118.5b22x18.7x1.8x
Mon, 16 Oct 2023SEK 2.2tSEK 1.2tSEK 111.4b22.5x19.5x1.8x
Wed, 13 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b22.3x19.4x1.8x
Fri, 11 Aug 2023SEK 2.2tSEK 1.2tSEK 111.3b23.2x19.6x1.8x
Sun, 09 Jul 2023SEK 2.2tSEK 1.1tSEK 106.2b24.2x20.3x1.9x
Price to Earnings Ratio

20.3x


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 Market1.34%
Industrials1.97%
Machinery2.27%
Industrial Machinery2.34%
Construction Machinery and Vehicles2.24%
Agricultural Machinery-2.87%
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 194.752.4%
+SEK 22.4b		23.8%PE36.4x
VOLV B AB VolvoSEK 327.502.9%
+SEK 18.9b		20.8%PE20.3x
SAND SandvikSEK 395.602.2%
+SEK 10.9b		77.4%PE33.5x
ALFA Alfa LavalSEK 579.203.9%
+SEK 9.1b		42.3%PE29.3x
INDT IndutradeSEK 204.407.8%
+SEK 5.4b		-22.6%PE29.4x

Latest News

OPTI
SEK 2.76
OptiCept Technologies
7D
-4.8%
1Y
-29.9%
ALFA
SEK 579.20
Alfa Laval
7D
3.9%
1Y
42.3%
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 411.20
Trelleborg
7D
-1.5%
1Y
13.1%
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?
SKF B
SEK 248.80
AB SKF
7D
0.2%
1Y
13.3%
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 327.50
AB Volvo
7D
2.9%
1Y
20.8%
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 194.75
Atlas Copco
7D
2.4%
1Y
23.8%
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.
EPI A
SEK 260.90
Epiroc
7D
1.0%
1Y
23.1%
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 395.60
Sandvik
7D
2.2%
1Y
77.4%
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...
TROAX
SEK 101.40
Troax Group
7D
-3.1%
1Y
-32.1%
Narrative Update • Jun 18

TROAX: Recycled Guarding Solutions Will Support Margins And Future Dividend Appeal

Analysts have nudged their price target for Troax Group slightly higher to about SEK 151 from around SEK 150, reflecting updated assumptions on the discount rate, revenue growth, profit margin and future P/E multiples. What’s in the News for Troax Group Troax is launching Smart Fix Re:Cycled, described as the world's first machine guarding mesh panel made entirely from recycled and low emission materials, as part of its Re:Guarding programme, source: company key developments.
INDT
SEK 204.40
Indutrade
7D
7.8%
1Y
-22.6%
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.
ENGCON B
SEK 62.20
engcon
7D
-4.7%
1Y
-31.3%
Narrative Update • Jun 18

ENGCON B: Legal Victory And Leadership Transition Will Support Future Upside

Analysts have kept their SEK fair value estimate for engcon unchanged at SEK 82, citing broadly stable assumptions for the discount rate, revenue growth, profit margin and future P/E. What’s in the News for engcon Krister Blomgren is set to leave the role as CEO of engcon AB (publ) after around 15 years in the position, following discussions with the company’s board.
HUSQ B
SEK 36.26
Husqvarna
7D
-2.9%
1Y
-28.2%
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 118.00
Alimak Group
7D
-0.7%
1Y
-19.3%
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 292.00
Beijer Alma
7D
1.0%
1Y
21.4%
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.
CI
SEK 0.079
Cell Impact
7D
-26.7%
1Y
-77.7%
SALT B
SEK 5.61
SaltX Technology Holding
7D
-24.3%
1Y
-5.4%