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Swedish (OMX) Machinery Industry Analysis

UpdatedAug 17, 2026
DataAggregated Company Financials
Companies38
  • 7D-1.8%
  • 3M8.8%
  • 1Y27.3%
  • YTD16.5%

Over the last 7 days, the Machinery industry has dropped 1.8%, driven by a pullback from AB Volvo of 4.3%. Over the past 12 months, the industry was up 27%. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 17 Aug 2026SEK 3.0tSEK 1.2tSEK 111.2b25.5x27.4x2.6x
Wed, 15 Jul 2026SEK 3.0tSEK 1.1tSEK 104.8b26.8x28.4x2.6x
Fri, 12 Jun 2026SEK 2.8tSEK 1.1tSEK 104.8b25.6x27x2.5x
Sun, 10 May 2026SEK 2.9tSEK 1.1tSEK 104.7b25.8x27.5x2.5x
Tue, 07 Apr 2026SEK 2.7tSEK 1.2tSEK 106.7b23.7x25.3x2.4x
Thu, 05 Mar 2026SEK 2.9tSEK 1.2tSEK 106.7b23.7x27.3x2.5x
Sat, 31 Jan 2026SEK 2.8tSEK 1.2tSEK 107.4b24.2x26.5x2.5x
Mon, 29 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.4x23.4x2.2x
Wed, 26 Nov 2025SEK 2.5tSEK 1.2tSEK 109.9b23.9x22.6x2.1x
Fri, 24 Oct 2025SEK 2.5tSEK 1.2tSEK 111.2b23.8x22.6x2.1x
Sun, 21 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b23.2x21.6x2.1x
Tue, 19 Aug 2025SEK 2.4tSEK 1.2tSEK 113.3b23.5x20.9x2x
Thu, 17 Jul 2025SEK 2.4tSEK 1.2tSEK 123.3b24.5x19.4x2x
Sat, 14 Jun 2025SEK 2.3tSEK 1.2tSEK 123.4b23.5x18.7x1.9x
Mon, 12 May 2025SEK 2.3tSEK 1.2tSEK 123.3b21.6x18.7x1.9x
Wed, 09 Apr 2025SEK 2.1tSEK 1.2tSEK 125.5b21.3x16.6x1.7x
Fri, 07 Mar 2025SEK 2.7tSEK 1.2tSEK 125.4b25.8x21.6x2.2x
Sun, 02 Feb 2025SEK 2.7tSEK 1.2tSEK 125.3b27.5x21.4x2.2x
Tue, 31 Dec 2024SEK 2.4tSEK 1.2tSEK 124.3b26x19.4x2x
Thu, 28 Nov 2024SEK 2.4tSEK 1.2tSEK 124.4b25x19.6x2x
Sat, 26 Oct 2024SEK 2.5tSEK 1.2tSEK 124.7b28.2x20.4x2.1x
Mon, 23 Sep 2024SEK 2.5tSEK 1.2tSEK 130.0b26.2x19.4x2x
Wed, 21 Aug 2024SEK 2.5tSEK 1.2tSEK 129.9b25.1x19.3x2x
Fri, 19 Jul 2024SEK 2.6tSEK 1.2tSEK 125.4b25.4x20.9x2.1x
Sun, 16 Jun 2024SEK 2.6tSEK 1.2tSEK 125.4b26.9x21x2.1x
Tue, 14 May 2024SEK 2.7tSEK 1.2tSEK 125.4b27.3x21.6x2.2x
Thu, 11 Apr 2024SEK 2.6tSEK 1.2tSEK 127.0b24.3x20.7x2.1x
Sat, 09 Mar 2024SEK 2.6tSEK 1.2tSEK 127.0b23x20.4x2.1x
Mon, 05 Feb 2024SEK 2.4tSEK 1.3tSEK 126.7b21.9x18.8x1.9x
Wed, 03 Jan 2024SEK 2.4tSEK 1.2tSEK 119.8b22.3x20.1x2x
Fri, 01 Dec 2023SEK 2.3tSEK 1.2tSEK 119.8b21.6x19x1.8x
Sun, 29 Oct 2023SEK 2.0tSEK 1.2tSEK 118.6b20.2x17.3x1.7x
Tue, 26 Sep 2023SEK 2.1tSEK 1.2tSEK 111.4b22.1x19.2x1.8x
Thu, 24 Aug 2023SEK 2.1tSEK 1.2tSEK 111.3b20.7x19.1x1.8x
Price to Earnings Ratio

19.1x


Total Market Cap: SEK 2.1tTotal Earnings: SEK 111.3bTotal Revenue: SEK 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 21.6x202420252026
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 27.4x which is higher than its 3-year average PE of 21.6x.
  • 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-1.02%
Industrials-1.24%
Machinery-1.85%
Industrial Machinery-1.05%
Agricultural Machinery-3.22%
Construction Machinery and Vehicles-3.40%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 26.4x.
    • Analysts are expecting annual earnings growth of 12.9%, 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 23.1x.
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
SKF B AB SKFSEK 265.101.4%
+SEK 1.7b		13.1%PE26.8x
FLEXQ FlexQubeSEK 46.2014.6%
+SEK 101.6m		392.5%PS4.8x
SALT B SaltX Technology HoldingSEK 6.145.0%
+SEK 66.9m		-24.4%PS25.4x
CNCJO B ConcejoSEK 48.202.6%
+SEK 14.0m		11.3%PE2.9x
IMPC Impact CoatingsSEK 3.113.7%
+SEK 11.6m		-25.8%PS6.4x

Latest News

SAND
SEK 361.40
Sandvik
7D
-1.6%
1Y
52.7%
INDT
SEK 238.00
Indutrade
7D
-1.6%
1Y
2.0%
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.
VOLV B
SEK 342.70
AB Volvo
7D
-3.4%
1Y
18.7%
HUSQ B
SEK 37.73
Husqvarna
7D
-3.9%
1Y
-32.6%
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.
ALFA
SEK 558.80
Alfa Laval
7D
-2.1%
1Y
32.5%
Narrative Update • Aug 12

ALFA: Elevated P E Multiples Will Confront Renewable Contract Execution Risks

The updated analyst price target for Alfa Laval rises from SEK 443.94 to SEK 461.78, reflecting Street research that cites revised SEK 540 to SEK 650 targets and modest adjustments to revenue growth, the discount rate and future P/E assumptions. Analyst Commentary Recent Street research on Alfa Laval shows a wide range of price targets, with several firms clustered between SEK 540 and SEK 650.
FLEXQ
SEK 46.20
FlexQube
7D
14.6%
1Y
392.5%
CI
SEK 0.067
Cell Impact
7D
24.1%
1Y
-56.8%
ATCO A
SEK 207.80
Atlas Copco
7D
-1.4%
1Y
40.5%
Narrative Update • Aug 05

ATCO A: Rich P E Will Be Tested By Semiconductor Capex Cyclicality

Atlas Copco's analyst price target has been raised, with fair value moving from SEK 150.76 to SEK 163.49. Analysts point to the company as a key beneficiary of the current capex upcycle in semiconductors and general industrial spending, and have adjusted assumptions on revenue growth, profit margins and future P/E accordingly.
EPI A
SEK 250.10
Epiroc
7D
-2.2%
1Y
29.6%
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 435.00
Trelleborg
7D
-1.0%
1Y
23.1%
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.
OXE
SEK 0.23
OXE Marine
7D
3.2%
1Y
-51.0%
SKF B
SEK 265.10
AB SKF
7D
1.4%
1Y
13.1%
Narrative Update • Jul 24

SKF B: Rich P E Looks Vulnerable As Margin Delivery Risks Persist

The updated analyst price target for AB SKF shifts to SEK 205.00 from SEK 209.32, reflecting Street research that points to SEK 230.00 to SEK 290.00 targets, as analysts factor in slightly firmer margin assumptions and a lower future P/E. Analyst Commentary Recent Street research on AB SKF highlights a mix of views on the stock, with several firms adjusting price targets into the SEK 230.00 to SEK 290.00 range.
NOTEK
SEK 11.25
Norditek Group
7D
4.7%
1Y
-19.4%
CNCJO B
SEK 48.20
Concejo
7D
2.6%
1Y
11.3%
SALT B
SEK 6.14
SaltX Technology Holding
7D
5.0%
1Y
-24.4%
IMPC
SEK 3.11
Impact Coatings
7D
3.7%
1Y
-25.8%