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Swedish (OMX) Machinery Industry Analysis

UpdatedAug 31, 2026
DataAggregated Company Financials
Companies38
  • 7D1.7%
  • 3M8.2%
  • 1Y30.5%
  • YTD20.5%

The Machinery industry is up 1.7% in the last week, with Atlas Copco up 2.2%. This takes the industry's 12 month performance to a gain of 31%. 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
Mon, 31 Aug 2026SEK 3.1tSEK 1.2tSEK 111.1b25.5x28.3x2.7x
Wed, 29 Jul 2026SEK 3.0tSEK 1.2tSEK 111.2b24.9x27.1x2.6x
Fri, 26 Jun 2026SEK 3.0tSEK 1.1tSEK 104.8b26.7x28.5x2.6x
Sun, 24 May 2026SEK 2.9tSEK 1.1tSEK 104.8b26.5x27.3x2.5x
Tue, 21 Apr 2026SEK 3.0tSEK 1.2tSEK 106.7b25.4x27.8x2.6x
Thu, 19 Mar 2026SEK 2.7tSEK 1.2tSEK 106.7b22.2x25.6x2.4x
Sat, 14 Feb 2026SEK 3.0tSEK 1.1tSEK 106.7b24.6x27.9x2.6x
Mon, 12 Jan 2026SEK 2.7tSEK 1.2tSEK 109.9b25x24.9x2.3x
Wed, 10 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.4x23.5x2.2x
Fri, 07 Nov 2025SEK 2.4tSEK 1.2tSEK 110.0b24.4x22.2x2.1x
Sun, 05 Oct 2025SEK 2.5tSEK 1.2tSEK 113.3b22.9x22.2x2.1x
Tue, 02 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b23x21.3x2x
Thu, 31 Jul 2025SEK 2.4tSEK 1.2tSEK 113.3b24x21.3x2x
Sat, 28 Jun 2025SEK 2.4tSEK 1.2tSEK 123.4b24.6x19.1x1.9x
Mon, 26 May 2025SEK 2.3tSEK 1.2tSEK 123.4b21.9x18.8x1.9x
Wed, 23 Apr 2025SEK 2.2tSEK 1.2tSEK 128.0b21.2x17.1x1.8x
Fri, 21 Mar 2025SEK 2.6tSEK 1.2tSEK 125.4b25.3x20.7x2.1x
Sun, 16 Feb 2025SEK 2.7tSEK 1.2tSEK 125.6b27.1x21.8x2.3x
Tue, 14 Jan 2025SEK 2.5tSEK 1.2tSEK 124.3b25.2x19.7x2x
Thu, 12 Dec 2024SEK 2.6tSEK 1.2tSEK 124.3b26.5x20.5x2.1x
Sat, 09 Nov 2024SEK 2.6tSEK 1.2tSEK 124.4b27.3x20.6x2.1x
Mon, 07 Oct 2024SEK 2.6tSEK 1.2tSEK 130.0b25.3x20.4x2.1x
Wed, 04 Sep 2024SEK 2.5tSEK 1.2tSEK 130.0b27.1x19.4x2x
Fri, 02 Aug 2024SEK 2.5tSEK 1.2tSEK 129.9b24.6x19.4x2x
Sun, 30 Jun 2024SEK 2.6tSEK 1.2tSEK 125.4b26.5x21x2.1x
Tue, 28 May 2024SEK 2.8tSEK 1.2tSEK 125.4b25.6x22x2.2x
Thu, 25 Apr 2024SEK 2.6tSEK 1.2tSEK 125.6b26x20.9x2.1x
Sat, 23 Mar 2024SEK 2.7tSEK 1.2tSEK 127.0b24.6x21.3x2.2x
Mon, 19 Feb 2024SEK 2.5tSEK 1.2tSEK 126.9b22.8x19.4x2x
Wed, 17 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b21.9x19.3x1.9x
Fri, 15 Dec 2023SEK 2.4tSEK 1.2tSEK 119.8b21.8x19.9x1.9x
Sun, 12 Nov 2023SEK 2.1tSEK 1.2tSEK 118.5b20.9x17.9x1.7x
Tue, 10 Oct 2023SEK 2.1tSEK 1.2tSEK 111.4b22.1x18.8x1.7x
Thu, 07 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b22.2x19.7x1.8x
Price to Earnings Ratio

19.7x


Total Market Cap: SEK 2.2tTotal Earnings: SEK 111.4bTotal Revenue: SEK 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 21.7x202420252026
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 28.3x which is higher than its 3-year average PE of 21.7x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.7x.
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 Market1.35%
Industrials1.65%
Machinery1.66%
Agricultural Machinery3.15%
Industrial Machinery2.15%
Construction Machinery and Vehicles0.66%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 26.5x.
    • Analysts are expecting annual earnings growth of 13.0%, which is higher than its past year's earnings decline of 5.2% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 23.0x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 13% 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 207.902.2%
+SEK 22.0b		35.7%PE38.1x
SAND SandvikSEK 393.101.6%
+SEK 7.5b		64.5%PE29.3x
ALFA Alfa LavalSEK 577.202.0%
+SEK 4.6b		33.9%PE29.1x
SKF B AB SKFSEK 277.803.6%
+SEK 4.4b		14.3%PE28.1x
EPI A EpirocSEK 268.601.2%
+SEK 4.0b		35.1%PE36.8x

Latest News

OPTI
SEK 1.95
OptiCept Technologies
7D
-21.6%
1Y
-60.8%
ATCO A
SEK 206.00
Atlas Copco
7D
1.3%
1Y
34.5%
SAND
SEK 384.40
Sandvik
7D
-0.7%
1Y
60.8%
ALFA
SEK 574.80
Alfa Laval
7D
1.6%
1Y
33.3%
Narrative Update • Aug 26

ALFA: Fair Outlook As Incremental Rating Shifts Test Execution Delivery

The analyst price target for Alfa Laval has been raised from SEK 547 to SEK 589, reflecting updated assumptions on revenue growth and a series of higher SEK 540 to SEK 650 price targets from Citi, RBC Capital, Morgan Stanley, JPMorgan, Deutsche Bank, and Pareto in recent research. Analyst Commentary Recent research on Alfa Laval shows a cluster of higher price targets, with views spread across Neutral, Equal Weight, Outperform and Buy ratings.
IMPC
SEK 2.65
Impact Coatings
7D
-12.3%
1Y
-33.2%
VOLV B
SEK 346.20
AB Volvo
7D
-0.2%
1Y
20.0%
Narrative Update • Aug 18

VOLV B: Order Strength Will Eventually Clash With Margin Execution Risks

The analyst fair value estimate for AB Volvo has increased from SEK 270 to SEK 280. Analysts cite stronger truck order trends in North America, higher management sales forecasts in Europe and China, and recent price target increases across several firms as support for the change.
SKF B
SEK 278.00
AB SKF
7D
3.7%
1Y
14.4%
Narrative Update • Aug 17

SKF B: Incremental Rating Shifts And Robotics JV Will Shape Balanced Outlook

Analysts have lifted the fair value estimate for AB SKF to SEK 266.06 from SEK 260.76, reflecting higher Street price targets toward SEK 270 to SEK 290 and updated assumptions for slightly stronger revenue growth, profit margins and a lower future P/E. Analyst Commentary Recent Street research on AB SKF shows a tight cluster of price targets between SEK 230 and SEK 290.
FREEM
SEK 1.22
Freemelt Holding
7D
-10.9%
1Y
-42.5%
INDT
SEK 252.40
Indutrade
7D
3.1%
1Y
7.3%
Narrative Update • Aug 15

INDT: Recent Rating Upgrade And CFO Appointment Will Support Future Upside

Analysts now place Indutrade's fair value at SEK 280.75, up from SEK 248.13. This reflects updated assumptions on revenue growth, profitability and future P/E, alongside recent Street views that range from a SEK 211 target with a Neutral stance to a SEK 229 target with a Buy rating.
HUSQ B
SEK 38.10
Husqvarna
7D
3.5%
1Y
-27.8%
Narrative Update • Aug 13

HUSQ B: CFO Transition And Lowered Jefferies Outlook Will Shape Future Rerating

Analysts have trimmed their price target on Husqvarna to SEK 40 from SEK 45, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E, which together point to a more conservative valuation profile. What’s in the News for Husqvarna Husqvarna Group appointed Patrik Johnsson as Chief Financial Officer, succeeding Terry Burke.
EPI A
SEK 264.60
Epiroc
7D
-0.3%
1Y
33.1%
Narrative Update • Aug 03

EPI A: Connectivity Partnerships And Autonomy Rollout Will Support Balanced Outlook

Analysts have lifted their price target for Epiroc from SEK185 to about SEK222.63, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E that together support a higher valuation framework. What’s in the News for Epiroc Epiroc Mexico and Rajant Corporation agreed a partnership to offer deployment ready Kinetic Mesh wireless connectivity for mining customers in Mexico, with a focus on more reliable communications for mobile equipment fleets and support for automation.
TREL B
SEK 450.00
Trelleborg
7D
2.9%
1Y
22.2%
Narrative Update • Aug 01

TREL B: Future View Will Balance Expanded Buybacks And Mixed Rating Signals

Trelleborg's updated analyst price target rises to SEK 446 from SEK 429, with analysts pointing to slightly higher revenue growth assumptions, a modestly lower discount rate and a recalibrated future P/E multiple as key drivers of the change. Analyst Commentary Recent Street research on Trelleborg shows a mix of cautious and constructive views on the stock, with price targets set in both CHF and SEK.
CCC
SEK 12.20
Cavotec Group
7D
-2.4%
1Y
-26.5%
VBG B
SEK 313.00
VBG Group
7D
-1.1%
1Y
2.3%
Analysis Article • Jul 22

VBG Group AB (publ) (STO:VBG B) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates

Last week, you might have seen that VBG Group AB (publ) ( STO:VBG B ) released its second-quarter result to the market...
ENGCON B
SEK 69.00
engcon
7D
7.6%
1Y
-10.3%
ALIG
SEK 130.40
Alimak Group
7D
5.2%
1Y
-16.5%