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Swedish (OMX) Machinery Industry Analysis

UpdatedMay 25, 2026
DataAggregated Company Financials
Companies38
  • 7D2.2%
  • 3M-6.5%
  • 1Y21.5%
  • YTD9.4%

Over the last 7 days, the Machinery industry has risen 2.2%, driven by gains from Sandvik of 5.7%. This takes the industry's 12 month performance to a gain of 21%. 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
Mon, 25 May 2026SEK 2.9tSEK 1.1tSEK 104.8b26.5x27.3x2.5x
Wed, 22 Apr 2026SEK 2.9tSEK 1.1tSEK 106.5b25.4x27.6x2.6x
Fri, 20 Mar 2026SEK 2.6tSEK 1.2tSEK 106.7b21x24.2x2.2x
Sun, 15 Feb 2026SEK 3.0tSEK 1.1tSEK 106.7b24.6x27.9x2.6x
Tue, 13 Jan 2026SEK 2.7tSEK 1.2tSEK 109.9b25.1x25x2.3x
Thu, 11 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.3x23.5x2.2x
Sat, 08 Nov 2025SEK 2.4tSEK 1.2tSEK 110.0b24.2x22.1x2.1x
Mon, 06 Oct 2025SEK 2.5tSEK 1.2tSEK 113.3b22.9x22.2x2.1x
Wed, 03 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b22.4x20.8x2x
Fri, 01 Aug 2025SEK 2.4tSEK 1.2tSEK 113.3b24x21x2x
Sun, 29 Jun 2025SEK 2.4tSEK 1.2tSEK 123.4b24.6x19.1x1.9x
Tue, 27 May 2025SEK 2.4tSEK 1.2tSEK 123.4b23.4x19.1x1.9x
Thu, 24 Apr 2025SEK 2.2tSEK 1.2tSEK 123.8b21.1x18.1x1.9x
Sat, 22 Mar 2025SEK 2.6tSEK 1.2tSEK 125.4b24.7x20.3x2.1x
Mon, 17 Feb 2025SEK 2.7tSEK 1.2tSEK 125.6b27.1x21.8x2.3x
Wed, 15 Jan 2025SEK 2.5tSEK 1.2tSEK 124.3b25.5x19.8x2x
Fri, 13 Dec 2024SEK 2.5tSEK 1.2tSEK 124.3b26.5x20.4x2.1x
Sun, 10 Nov 2024SEK 2.6tSEK 1.2tSEK 124.4b27.3x20.6x2.1x
Tue, 08 Oct 2024SEK 2.6tSEK 1.2tSEK 130.0b25.2x20.3x2.1x
Thu, 05 Sep 2024SEK 2.5tSEK 1.2tSEK 130.0b26.4x19x2x
Sat, 03 Aug 2024SEK 2.4tSEK 1.2tSEK 129.9b23.8x18.7x2x
Mon, 01 Jul 2024SEK 2.6tSEK 1.2tSEK 125.4b26.5x21x2.1x
Wed, 29 May 2024SEK 2.7tSEK 1.2tSEK 125.4b25.8x21.8x2.2x
Fri, 26 Apr 2024SEK 2.6tSEK 1.2tSEK 125.7b25.7x20.5x2.1x
Sun, 24 Mar 2024SEK 2.7tSEK 1.2tSEK 127.0b24.6x21.3x2.2x
Tue, 20 Feb 2024SEK 2.5tSEK 1.2tSEK 126.9b22.7x19.4x2x
Thu, 18 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b21.1x19x1.8x
Sat, 16 Dec 2023SEK 2.4tSEK 1.2tSEK 119.8b22.3x20.2x2x
Mon, 13 Nov 2023SEK 2.1tSEK 1.2tSEK 118.5b20.9x17.9x1.7x
Wed, 11 Oct 2023SEK 2.2tSEK 1.2tSEK 111.4b23.3x19.5x1.8x
Fri, 08 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b22.2x19.4x1.8x
Sun, 06 Aug 2023SEK 2.2tSEK 1.2tSEK 111.4b24.1x19.6x1.8x
Tue, 04 Jul 2023SEK 2.2tSEK 1.1tSEK 106.2b24.1x20.9x1.9x
Thu, 01 Jun 2023SEK 2.1tSEK 1.1tSEK 106.3b22.9x20.2x1.9x
Price to Earnings Ratio

20.2x


Total Market Cap: SEK 2.1tTotal Earnings: SEK 106.3bTotal 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 27.3x 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 Market2.74%
Industrials2.58%
Machinery2.22%
Industrial Machinery3.32%
Agricultural Machinery1.74%
Construction Machinery and Vehicles0.16%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 25.9x.
    • Analysts are expecting annual earnings growth of 11.4%, 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 24.3x.
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
SAND SandvikSEK 382.405.7%
+SEK 26.0b		83.4%PE32.3x
ATCO A Atlas CopcoSEK 177.202.4%
+SEK 20.0b		12.2%PE33.1x
ALFA Alfa LavalSEK 551.401.9%
+SEK 4.2b		34.8%PE27.9x
SKF B AB SKFSEK 239.603.6%
+SEK 3.8b		16.7%PE29x
INDT IndutradeSEK 200.004.2%
+SEK 2.9b		-25.0%PE28.7x

Latest News

CNCJO B
SEK 47.90
Concejo
7D
-1.8%
1Y
13.5%
ALFA
SEK 551.40
Alfa Laval
7D
1.9%
1Y
34.8%
Narrative Update • May 19

ALFA: Future Tanker Orders And Order Momentum Will Support Higher Fair Value Estimate

Narrative Update The analyst price target for Alfa Laval has been raised by SEK 29, with recent research citing updated views on order momentum and a more balanced valuation as the basis for this change. Analyst Commentary Recent research on Alfa Laval shows a mix of views, but there is a clear pocket of bullish analysts who see room for the stock to perform in line with, or better than, their updated valuation work.
SALT B
SEK 6.39
SaltX Technology Holding
7D
-4.3%
1Y
46.6%
VOLV B
SEK 314.80
AB Volvo
7D
0.4%
1Y
16.3%
EPI A
SEK 264.70
Epiroc
7D
-0.7%
1Y
23.1%
Narrative Update • May 15

EPI A: African Automation Orders And Emissions Shift Will Support Steady Future P/E

Analysts have raised their price target for Epiroc from SEK 242.53 to SEK 266.40, citing updated assumptions for revenue growth, profit margin and the future P/E multiple. What's in the News Epiroc won a large order for mining equipment from Mopani Copper Mines in Zambia, valued at about US$20 million (SEK 180 million), including Minetruck haulers, Scooptram loaders and related service, with deliveries under way and scheduled to finish by year end (Key Developments).
ATCO A
SEK 177.20
Atlas Copco
7D
2.4%
1Y
12.2%
XANO B
SEK 49.40
XANO Industri
7D
-0.9%
1Y
-11.8%
SINT
SEK 101.50
SinterCast
7D
-1.5%
1Y
-8.6%
AGES B
SEK 48.60
AGES Industri
7D
-0.4%
1Y
-6.9%
Analysis Article • May 13

Solid Earnings May Not Tell The Whole Story For AGES Industri (STO:AGES B)

The recent earnings posted by AGES Industri AB (publ) ( STO:AGES B ) were solid, but the stock didn't move as much as...
BOMILL
SEK 0.43
BoMill
7D
-2.7%
1Y
-33.2%
TREL B
SEK 399.60
Trelleborg
7D
2.8%
1Y
13.6%
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.
SAND
SEK 382.40
Sandvik
7D
5.7%
1Y
83.4%
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.
BEIA B
SEK 312.00
Beijer Alma
7D
3.8%
1Y
41.2%
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 200.00
Indutrade
7D
4.2%
1Y
-25.0%
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.
SKF B
SEK 239.60
AB SKF
7D
3.6%
1Y
16.7%
HYCO
SEK 1.65
Hybricon
7D
-10.8%
1Y
-3.5%