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Swedish (OMX) Machinery Industry Analysis

UpdatedJun 12, 2026
DataAggregated Company Financials
Companies38
  • 7D-3.0%
  • 3M2.8%
  • 1Y21.3%
  • YTD8.2%

Over the last 7 days, the Machinery industry has dropped 3.0%, driven by AB Volvo declining 4.8%. Over the past 12 months, the industry was up 21%. 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
Sat, 13 Jun 2026SEK 2.8tSEK 1.1tSEK 104.8b25.6x27x2.5x
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
Price to Earnings Ratio

20.9x


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 21.2x202420252026
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 27.0x which is higher than its 3-year average PE of 21.2x.
  • 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 Market-2.06%
Industrials-2.23%
Machinery-3.01%
Industrial Machinery-1.87%
Agricultural Machinery-3.60%
Construction Machinery and Vehicles-5.15%
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 11.6%, 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 24.1x.
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 12% 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 185.953.7%
+SEK 32.7b		21.6%PE34.8x
SALT B SaltX Technology HoldingSEK 7.3110.3%
+SEK 156.9m		83.2%PS30.3x
ALIG Alimak GroupSEK 109.800.5%
+SEK 63.5m		-22.3%PE20.5x
GARPCO B Garpco AktiebolagSEK 276.006.2%
+SEK 16.8m		11.3%PS0.4x
XANO B XANO IndustriSEK 49.100.4%
+SEK 11.9m		-15.6%PE17.2x

Latest News

VOLV B
SEK 315.10
AB Volvo
7D
-2.0%
1Y
19.1%
INDT
SEK 188.90
Indutrade
7D
-2.4%
1Y
-26.3%
SKF B
SEK 237.90
AB SKF
7D
-3.5%
1Y
15.2%
Narrative Update • Jun 11

SKF B: Mixed Rating Shifts And AI Push Will Shape Balanced Outlook

Narrative Update The analyst price target for AB SKF has been revised slightly higher to SEK 258.41 from SEK 257.24, as analysts factor in modest adjustments to discount rates, revenue growth assumptions, profit margins, and future P/E expectations following a mix of recent target changes and rating updates across the Street. Analyst Commentary Recent research updates on AB SKF point to a mixed view, with some analysts lifting ratings or targets while others trim targets or downgrade the stock.
SAND
SEK 378.60
Sandvik
7D
-0.3%
1Y
79.9%
ATCO A
SEK 185.95
Atlas Copco
7D
3.7%
1Y
21.6%
Narrative Update • Jun 08

ATCO A: Special Dividend And Split Ratings Will Shape Future Returns

Atlas Copco's analyst price target has been adjusted slightly, with the updated fair value estimate moving from SEK 195.14 to SEK 194.43 as analysts factor in mixed recent target changes and more balanced assumptions on revenue growth, margins and future P/E levels. Analyst Commentary Recent Street research on Atlas Copco has been mixed, with price target increases, reductions and a couple of upgrades all feeding into the slight reduction in the aggregated fair value estimate.
EPI A
SEK 266.50
Epiroc
7D
-2.5%
1Y
25.8%
Narrative Update • Jun 07

EPI A: Autonomy Partnerships And African Orders Will Support Steady Future P/E

Analysts have raised their price target on Epiroc from SEK 266.40 to SEK 272.20, citing updated assumptions for fair value, discount rate, revenue growth, profit margins and future P/E that are now slightly different from prior estimates. What's in the News Epiroc and Heidelberg Materials are working on a proof of concept in Western Australia to adapt Epiroc's LinkOA autonomy platform for driverless haul trucks in quarry operations, extending LinkOA beyond mining into the aggregates sector.
TREL B
SEK 407.20
Trelleborg
7D
-2.1%
1Y
18.3%
LYGRD
SEK 3.07
Lyckegård Group
7D
1.7%
1Y
65.1%
ALIG
SEK 109.80
Alimak Group
7D
0.5%
1Y
-22.3%
Narrative Update • Jun 03

ALIG: Acquisition Pipeline And Dividend Policy Will Support Future Upside Potential

Analysts have reiterated their SEK 143.0 price target on Alimak Group, with the unchanged fair value and only small model tweaks to discount rate, revenue growth, profit margin and future P/E signaling a steady view of the stock’s long term fundamentals. What's in the News No recent company specific news items, periodical articles or key developments were provided for Alimak Group, so there are currently no discrete headlines to highlight for this section.
BEIA B
SEK 289.50
Beijer Alma
7D
-4.1%
1Y
31.9%
Narrative Update • Jun 03

BEIA B: Stable Dividend Framework And Steady Outlook Will Support Fair Value

Analysts are keeping Beijer Alma's fair value target steady at SEK325, with only small model adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions guiding this narrative update. What's in the News The Annual General Meeting on April 28, 2026, approved a dividend of SEK 4 per share for the 2025 financial year, based on the Board of Directors' proposal.
ALFA
SEK 530.80
Alfa Laval
7D
-1.6%
1Y
31.6%
Narrative Update • Jun 03

ALFA: Fair Outlook Weighs Tanker Order Upside Against Execution And Pricing Risks

Narrative Update on Alfa Laval The updated analyst price target for Alfa Laval rises from about SEK 518 to SEK 547. This reflects adjustments to fair value and underlying assumptions such as revenue growth, profit margin and discount rate, as analysts balance recent target trims and downgrades with several target increases and an upgrade to Equal Weight.
GARPCO B
SEK 276.00
Garpco Aktiebolag
7D
6.2%
1Y
11.3%
SALT B
SEK 7.31
SaltX Technology Holding
7D
10.3%
1Y
83.2%
FLEXQ
SEK 24.00
FlexQube
7D
1.7%
1Y
365.1%
XANO B
SEK 49.10
XANO Industri
7D
0.4%
1Y
-15.6%
AERW B
SEK 2.49
Aerowash
7D
20.9%
1Y
-69.3%