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Swedish (OMX) Machinery Industry Analysis

UpdatedJan 17, 2026
DataAggregated Company Financials
Companies37
  • 7D3.5%
  • 3M16.1%
  • 1Y9.9%
  • YTD8.2%

In the last week, the Machinery industry is up 4.6%, with Atlas Copco up 7.2%. This takes the industry's 12 month performance to a gain of 11%. Looking forward, earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 17 Jan 2026SEK 2.8tSEK 1.2tSEK 109.9b25.4x25.7x2.4x
Mon, 15 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.4x23.6x2.2x
Wed, 12 Nov 2025SEK 2.5tSEK 1.2tSEK 109.9b24.6x22.7x2.1x
Fri, 10 Oct 2025SEK 2.5tSEK 1.2tSEK 113.3b22.9x22x2.1x
Sun, 07 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b22.8x21.3x2x
Tue, 05 Aug 2025SEK 2.3tSEK 1.2tSEK 113.3b23.8x20.4x2x
Thu, 03 Jul 2025SEK 2.4tSEK 1.2tSEK 123.4b23.8x19.3x2x
Sat, 31 May 2025SEK 2.3tSEK 1.2tSEK 123.4b23.2x18.9x1.9x
Mon, 28 Apr 2025SEK 2.3tSEK 1.2tSEK 123.4b22.1x18.5x1.9x
Wed, 26 Mar 2025SEK 2.6tSEK 1.2tSEK 125.4b24.7x20.5x2.1x
Fri, 21 Feb 2025SEK 2.7tSEK 1.2tSEK 125.5b27.1x21.9x2.3x
Sun, 19 Jan 2025SEK 2.6tSEK 1.2tSEK 124.3b26.5x20.8x2.1x
Tue, 17 Dec 2024SEK 2.5tSEK 1.2tSEK 124.3b26.1x20x2x
Thu, 14 Nov 2024SEK 2.5tSEK 1.2tSEK 124.4b26x19.9x2x
Sat, 12 Oct 2024SEK 2.6tSEK 1.2tSEK 130.0b24.9x20.1x2.1x
Mon, 09 Sep 2024SEK 2.4tSEK 1.2tSEK 130.0b25.5x18.4x1.9x
Wed, 07 Aug 2024SEK 2.4tSEK 1.2tSEK 129.9b23.4x18.3x1.9x
Fri, 05 Jul 2024SEK 2.6tSEK 1.2tSEK 125.4b26.9x21x2.1x
Sun, 02 Jun 2024SEK 2.7tSEK 1.2tSEK 125.4b25.7x21.6x2.2x
Tue, 30 Apr 2024SEK 2.7tSEK 1.2tSEK 125.4b26.5x21.2x2.1x
Thu, 28 Mar 2024SEK 2.7tSEK 1.2tSEK 127.0b24.9x21x2.1x
Sat, 24 Feb 2024SEK 2.5tSEK 1.2tSEK 126.9b24.3x19.8x2x
Mon, 22 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b21.1x19x1.9x
Wed, 20 Dec 2023SEK 2.4tSEK 1.2tSEK 119.8b22.1x20.2x2x
Fri, 17 Nov 2023SEK 2.2tSEK 1.2tSEK 118.5b21.8x18.8x1.8x
Sun, 15 Oct 2023SEK 2.2tSEK 1.2tSEK 111.4b22.5x19.5x1.8x
Tue, 12 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b22.3x19.5x1.8x
Thu, 10 Aug 2023SEK 2.2tSEK 1.2tSEK 111.4b23.4x19.5x1.8x
Sat, 08 Jul 2023SEK 2.2tSEK 1.1tSEK 106.2b24.2x20.3x1.9x
Mon, 05 Jun 2023SEK 2.2tSEK 1.1tSEK 106.2b24x20.9x1.9x
Wed, 03 May 2023SEK 2.1tSEK 1.1tSEK 106.1b23x20.2x1.9x
Fri, 31 Mar 2023SEK 2.1tSEK 1.1tSEK 97.3b22.8x21.3x1.9x
Sun, 26 Feb 2023SEK 2.0tSEK 1.1tSEK 97.3b22.8x20.6x1.8x
Tue, 24 Jan 2023SEK 2.1tSEK 1.0tSEK 100.5b21.2x20.7x2x
Price to Earnings Ratio

20.7x


Total Market Cap: SEK 2.1tTotal Earnings: SEK 100.5bTotal Revenue: SEK 1.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 20.3x202420252026
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 25.6x which is higher than its 3-year average PE of 20.3x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 2.6% per year over the last three years.
  • Revenues for these companies have grown 4.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

SE Market1.36%
Industrials2.32%
Machinery3.51%
Industrial Machinery4.54%
Agricultural Machinery2.10%
Construction Machinery and Vehicles1.51%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 25.2x.
    • Analysts are expecting annual earnings growth of 9.7%, which is higher than its past year's earnings growth of 0.5% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 25.6x.
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 decline of 0.4% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 9.7% 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 191.107.2%
+SEK 62.6b		2.6%PE33.7x
SAND SandvikSEK 327.303.8%
+SEK 14.9b		56.2%PE27.8x
EPI A EpirocSEK 228.702.9%
+SEK 7.9b		12.8%PE32.1x
VOLV B AB VolvoSEK 312.401.0%
+SEK 6.3b		8.5%PE17.9x
ALFA Alfa LavalSEK 507.403.1%
+SEK 6.2b		6.1%PE25.1x

Latest News

SKF B
SEK 255.00
AB SKF
7D
2.5%
1Y
17.3%
OXE
SEK 0.33
OXE Marine
7D
-15.2%
1Y
3.7%

Here's Why OXE Marine (STO:OXE) Can Afford Some Debt

Jan 16
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TROAX
SEK 147.40
Troax Group
7D
-2.3%
1Y
-31.9%

Troax Group AB (publ)'s (STO:TROAX) P/E Is On The Mark

Jan 15
Troax Group AB (publ)'s (STO:TROAX) P/E Is On The Mark
BEIA B
SEK 288.00
Beijer Alma
7D
-2.4%
1Y
72.5%

When Should You Buy Beijer Alma AB (publ) (STO:BEIA B)?

Jan 15
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TREL B
SEK 387.70
Trelleborg
7D
-0.5%
1Y
-3.8%

Is It Too Late To Consider Buying Trelleborg AB (publ) (STO:TREL B)?

Jan 13
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INDT
SEK 236.80
Indutrade
7D
-1.8%
1Y
-20.2%

Slowing Rates Of Return At Indutrade (STO:INDT) Leave Little Room For Excitement

Jan 12
Slowing Rates Of Return At Indutrade (STO:INDT) Leave Little Room For Excitement
EPI A
SEK 228.70
Epiroc
7D
2.9%
1Y
12.8%

EPI A: Index Inclusion And Autonomous Mining Will Support Balanced Outlook

Analysts have nudged their fair value estimate for Epiroc higher from SEK 208.50 to about SEK 213.11, citing updated assumptions around the discount rate, revenue growth, profit margins and future P/E that modestly reshape their overall valuation framework. What's in the News Epiroc AB (publ) is being added to the OMX Nordic 40 Index, reflecting its inclusion in a major regional benchmark index (Index Constituent Adds).
SAND
SEK 327.30
Sandvik
7D
3.8%
1Y
56.2%

SAND: Higher P/E Assumptions Will Expose Execution Risk Going Forward

Analysts have lifted their price target on Sandvik from about SEK 177 to SEK 212, reflecting updated assumptions on growth, profitability and P/E that are in line with recent target increases from Citi, RBC and Rothschild & Co Redburn. Analyst Commentary Recent Street research around Sandvik has centered on refreshed price targets and rating changes, giving you a clearer sense of how the market is framing risk and reward.
EPRO B
SEK 62.40
Electrolux Professional
7D
-2.8%
1Y
-10.7%
VOLV B
SEK 312.40
AB Volvo
7D
1.0%
1Y
8.5%

VOLV B: Future Earnings May Be Constrained By Truck Cycle Execution Risk

Analysts have lifted their AB Volvo price expectations into a higher SEK 290 to SEK 333 range, pointing to tariff advantages, new truck launches, and potential benefits to construction equipment from lower rates and German stimulus as key support for the updated targets. Analyst Commentary Recent Street research on AB Volvo reflects a mixed backdrop, with some firms lifting targets into the SEK 290 to SEK 333 range while others trim estimates and stay more cautious.
ATCO A
SEK 191.10
Atlas Copco
7D
7.2%
1Y
2.6%

ATCO A: Acquisition Firepower And Cycle Risks Will Shape Balanced Outlook

The analyst price target for Atlas Copco has been raised by about SEK 1.76 to SEK 177.35, as analysts factor in shifts in end market conditions, differing views on the pace of recovery and equipment risk, and updated assumptions for growth, margins, discount rate, and future P/E. Analyst Commentary Recent research views on Atlas Copco show a clear split, with some analysts lifting ratings and targets, while others are turning more cautious and trimming their expectations.
XANO B
SEK 88.30
XANO Industri
7D
5.7%
1Y
53.0%

What XANO Industri AB (publ)'s (STO:XANO B) 35% Share Price Gain Is Not Telling You

Jan 08
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ALFA
SEK 507.40
Alfa Laval
7D
3.1%
1Y
6.1%

ALFA: Raised Guidance And Partnerships Will Support Balanced Medium Term Prospects

Narrative Update Alfa Laval's analyst price targets have moved slightly higher, with updated fair value now at SEK 479.33. Analysts are referencing recent target increases to SEK 540 and SEK 484 as support for this new level.
HUSQ B
SEK 48.01
Husqvarna
7D
2.1%
1Y
-17.8%

HUSQ B: AI Mowers Will Drive Future Recovery Despite Structural Headwinds

Analysts have reduced their price target on Husqvarna by SEK 5 to SEK 50, citing Q3 results that highlight ongoing structural challenges and limited upside until the company presents a more convincing recovery and growth plan. Analyst Commentary Bullish analysts acknowledge that the near term is constrained by execution risk and structural headwinds, but they highlight several areas where Husqvarna could surprise positively if management delivers on its strategic agenda.
SALT B
SEK 3.99
SaltX Technology Holding
7D
-2.8%
1Y
3.8%
ENGCON B
SEK 81.80
engcon
7D
-1.9%
1Y
-14.6%

engcon (STO:ENGCON B) Could Easily Take On More Debt

Nov 26
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