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Swedish (OMX) Machinery Industry Analysis

UpdatedApr 13, 2026
DataAggregated Company Financials
Companies38
  • 7D7.7%
  • 3M6.2%
  • 1Y34.1%
  • YTD11.4%

Over the last 7 days, the Machinery industry has risen 7.7%, driven by gains from Atlas Copco of 7.9%. In the last 12 months, the industry was up 34%. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 13 Apr 2026SEK 2.9tSEK 1.2tSEK 106.7b24.6x27.3x2.5x
Wed, 11 Mar 2026SEK 2.9tSEK 1.2tSEK 106.7b22.8x26.8x2.5x
Fri, 06 Feb 2026SEK 3.0tSEK 1.2tSEK 106.7b24.7x27.7x2.6x
Sun, 04 Jan 2026SEK 2.6tSEK 1.2tSEK 109.9b24.7x23.8x2.2x
Tue, 02 Dec 2025SEK 2.5tSEK 1.2tSEK 109.9b24.3x22.9x2.1x
Thu, 30 Oct 2025SEK 2.5tSEK 1.2tSEK 110.9b24.3x22.7x2.1x
Sat, 27 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b22.3x21.3x2x
Mon, 25 Aug 2025SEK 2.5tSEK 1.2tSEK 113.2b23.6x21.7x2.1x
Wed, 23 Jul 2025SEK 2.4tSEK 1.2tSEK 113.3b23.6x20.8x2x
Fri, 20 Jun 2025SEK 2.3tSEK 1.2tSEK 123.4b24.1x18.5x1.9x
Sun, 18 May 2025SEK 2.4tSEK 1.2tSEK 123.4b22.8x19.6x2x
Tue, 15 Apr 2025SEK 2.2tSEK 1.2tSEK 125.5b21.2x17.4x1.8x
Thu, 13 Mar 2025SEK 2.6tSEK 1.2tSEK 125.4b25.1x20.8x2.1x
Sat, 08 Feb 2025SEK 2.6tSEK 1.2tSEK 125.5b26.2x21.1x2.2x
Mon, 06 Jan 2025SEK 2.4tSEK 1.2tSEK 124.3b26.2x19.6x2x
Wed, 04 Dec 2024SEK 2.5tSEK 1.2tSEK 124.4b26x20.3x2.1x
Fri, 01 Nov 2024SEK 2.5tSEK 1.2tSEK 124.4b27.4x20.3x2.1x
Sun, 29 Sep 2024SEK 2.7tSEK 1.2tSEK 130.0b26.2x20.6x2.1x
Tue, 27 Aug 2024SEK 2.5tSEK 1.2tSEK 129.9b24.1x19.5x2x
Thu, 25 Jul 2024SEK 2.6tSEK 1.2tSEK 130.0b24.6x19.7x2.1x
Sat, 22 Jun 2024SEK 2.6tSEK 1.2tSEK 125.4b27.6x21.1x2.1x
Mon, 20 May 2024SEK 2.7tSEK 1.2tSEK 125.4b25.9x21.6x2.2x
Wed, 17 Apr 2024SEK 2.6tSEK 1.2tSEK 127.0b23.7x20.7x2.1x
Fri, 15 Mar 2024SEK 2.6tSEK 1.2tSEK 127.0b23.2x20.7x2.1x
Sun, 11 Feb 2024SEK 2.4tSEK 1.2tSEK 126.9b22.1x18.7x1.9x
Tue, 09 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b22.5x19.4x1.9x
Thu, 07 Dec 2023SEK 2.3tSEK 1.2tSEK 119.8b22.2x19.5x1.9x
Sat, 04 Nov 2023SEK 2.1tSEK 1.2tSEK 118.6b21.7x17.9x1.7x
Mon, 02 Oct 2023SEK 2.1tSEK 1.2tSEK 111.4b22.5x19.3x1.8x
Wed, 30 Aug 2023SEK 2.2tSEK 1.2tSEK 111.3b20.8x19.5x1.8x
Fri, 28 Jul 2023SEK 2.2tSEK 1.2tSEK 111.4b24.3x19.8x1.8x
Sun, 25 Jun 2023SEK 2.2tSEK 1.1tSEK 106.2b24x20.5x1.9x
Tue, 23 May 2023SEK 2.2tSEK 1.1tSEK 106.1b24.9x20.8x1.9x
Thu, 20 Apr 2023SEK 2.1tSEK 1.1tSEK 97.3b23x21.7x1.9x
Price to Earnings Ratio

21.7x


Total Market Cap: SEK 2.1tTotal Earnings: SEK 97.3bTotal Revenue: SEK 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 20.8x202420252026
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 20.8x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 3.1% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Swedish Industrials industry?

SE Market4.42%
Industrials5.89%
Machinery7.71%
Agricultural Machinery8.32%
Industrial Machinery8.03%
Construction Machinery and Vehicles7.09%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 25.7x.
    • Analysts are expecting annual earnings growth of 10.4%, which is higher than its past year's earnings decline of 8.3% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 24.8x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 15% over the next 5 years.
  • However this is lower than its past earnings growth rate of 33% per year.
  • In contrast, the Industrial 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 179.307.8%
+SEK 63.1b		18.3%PE33.1x
SAND SandvikSEK 397.208.4%
+SEK 38.6b		112.3%PE33.9x
EPI A EpirocSEK 254.209.4%
+SEK 26.5b		34.3%PE35.7x
VOLV B AB VolvoSEK 320.603.9%
+SEK 24.4b		29.0%PE18.9x
ALFA Alfa LavalSEK 553.407.7%
+SEK 16.5b		41.6%PE27.7x

Latest News

SALT B
SEK 3.92
SaltX Technology Holding
7D
-4.6%
1Y
-23.7%
EPI A
SEK 254.20
Epiroc
7D
9.4%
1Y
34.3%
SKF B
SEK 237.90
AB SKF
7D
6.4%
1Y
34.0%
SAND
SEK 397.20
Sandvik
7D
8.4%
1Y
112.3%

SAND: Fair Value View Balances Mining Upswing Orders With Restructuring And Dividend

Sandvik's analyst fair value estimate has been updated from SEK 380 to SEK 430 as analysts factor in higher forecast revenue growth, slightly stronger margins, and a modestly lower assumed discount rate, in line with a series of recent price target revisions across the Street. Analyst Commentary Recent Street research on Sandvik shows a mix of views, but with a clear cluster of bullish analysts lifting price targets over the past few months.
VOLV B
SEK 320.60
AB Volvo
7D
3.9%
1Y
29.0%
NOTEK
SEK 11.80
Norditek Group
7D
-7.8%
1Y
14.6%
ATCO A
SEK 179.30
Atlas Copco
7D
7.8%
1Y
18.3%

ATCO A: Special Dividend And Operating Leverage Will Support Future Upside

Narrative Update Analysts have made a small downward tweak to the Atlas Copco price target, trimming it by SEK 0.25, as they balance mixed recent broker actions with slightly adjusted assumptions for revenue, profit margins and future P/E. Analyst Commentary Recent research on Atlas Copco has been mixed, with several firms adjusting ratings and price targets in different directions over a short period.
OPTI
SEK 1.94
OptiCept Technologies
7D
-11.0%
1Y
-53.2%
INDT
SEK 222.00
Indutrade
7D
5.0%
1Y
-15.4%

INDT: Upgraded Outlook And Acquisition Pipeline Will Support Future Earnings Resilience

Analysts have made a slight adjustment to their price target for Indutrade to SEK 315.42 from SEK 315.49. This change reflects updated assumptions around discount rates, revenue growth, profit margins and future P/E following recent research.
TREL B
SEK 377.60
Trelleborg
7D
8.0%
1Y
18.1%

TREL B: Future View Will Center On Conviction List Portfolio Shift

Analysts have nudged their fair value estimate for Trelleborg down by about SEK 3 to SEK 405.9, reflecting slightly higher discount rate assumptions and recent SEK 10 target trims at Citi and JPMorgan, even as some research highlights the company’s push towards structural growth areas. Analyst Commentary Recent research has focused on how Trelleborg is repositioning its portfolio, while also fine tuning valuation assumptions through a series of price target updates.
ALFA
SEK 553.40
Alfa Laval
7D
7.7%
1Y
41.6%

ALFA: Fair Outlook Balances Tanker Demand Opportunities With Execution And Pricing Risks

Alfa Laval's analyst fair value estimate has moved from SEK 479.33 to SEK 518.13. Analysts attribute this change to higher price targets from JPMorgan, Deutsche Bank and Morgan Stanley, along with updated assumptions for revenue growth, profit margin and future P/E as key drivers of this shift.
SINT
SEK 89.20
SinterCast
7D
-4.1%
1Y
-12.8%
OXE
SEK 0.28
OXE Marine
7D
-4.1%
1Y
-5.4%
ARENIT SDB
SEK 76.20
Arenit Industrie
7D
-1.0%
1Y
n/a
GARPCO B
SEK 244.00
Garpco Aktiebolag
7D
-4.7%
1Y
14.0%
BIOEX
SEK 2.47
Bioextrax
7D
-8.2%
1Y
0.8%