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Swedish (OMX) Machinery Industry Analysis

UpdatedFeb 15, 2026
DataAggregated Company Financials
Companies36
  • 7D0.3%
  • 3M23.4%
  • 1Y8.9%
  • YTD14.0%

The Machinery industry has been flat over the last week, but Epiroc has lost 3.3%. The past year has been better, since the industry has gained 8.9% in that time. 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
Sun, 15 Feb 2026SEK 3.0tSEK 1.1tSEK 106.7b24.6x27.9x2.6x
Tue, 13 Jan 2026SEK 2.7tSEK 1.2tSEK 109.9b25.1x25x2.3x
Thu, 11 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.3x23.5x2.2x
Sat, 08 Nov 2025SEK 2.4tSEK 1.2tSEK 110.0b24.2x22.1x2.1x
Mon, 06 Oct 2025SEK 2.5tSEK 1.2tSEK 113.3b22.9x22.2x2.1x
Wed, 03 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b22.4x20.8x2x
Fri, 01 Aug 2025SEK 2.4tSEK 1.2tSEK 113.3b24x21x2x
Sun, 29 Jun 2025SEK 2.4tSEK 1.2tSEK 123.4b24.6x19.1x1.9x
Tue, 27 May 2025SEK 2.4tSEK 1.2tSEK 123.4b23.4x19.1x1.9x
Thu, 24 Apr 2025SEK 2.2tSEK 1.2tSEK 123.8b21.1x18.1x1.9x
Sat, 22 Mar 2025SEK 2.6tSEK 1.2tSEK 125.4b24.7x20.3x2.1x
Mon, 17 Feb 2025SEK 2.7tSEK 1.2tSEK 125.6b27.1x21.8x2.3x
Wed, 15 Jan 2025SEK 2.5tSEK 1.2tSEK 124.3b25.5x19.8x2x
Fri, 13 Dec 2024SEK 2.5tSEK 1.2tSEK 124.3b26.5x20.4x2.1x
Sun, 10 Nov 2024SEK 2.6tSEK 1.2tSEK 124.4b27.3x20.6x2.1x
Tue, 08 Oct 2024SEK 2.6tSEK 1.2tSEK 130.0b25.2x20.3x2.1x
Thu, 05 Sep 2024SEK 2.5tSEK 1.2tSEK 130.0b26.4x19x2x
Sat, 03 Aug 2024SEK 2.4tSEK 1.2tSEK 129.9b23.8x18.7x2x
Mon, 01 Jul 2024SEK 2.6tSEK 1.2tSEK 125.4b26.5x21x2.1x
Wed, 29 May 2024SEK 2.7tSEK 1.2tSEK 125.4b25.8x21.8x2.2x
Fri, 26 Apr 2024SEK 2.6tSEK 1.2tSEK 125.7b25.7x20.5x2.1x
Sun, 24 Mar 2024SEK 2.7tSEK 1.2tSEK 127.0b24.6x21.3x2.2x
Tue, 20 Feb 2024SEK 2.5tSEK 1.2tSEK 126.9b22.7x19.4x2x
Thu, 18 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b21.1x19x1.8x
Sat, 16 Dec 2023SEK 2.4tSEK 1.2tSEK 119.8b22.3x20.2x2x
Mon, 13 Nov 2023SEK 2.1tSEK 1.2tSEK 118.5b20.9x17.9x1.7x
Wed, 11 Oct 2023SEK 2.2tSEK 1.2tSEK 111.4b23.3x19.5x1.8x
Fri, 08 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b22.2x19.4x1.8x
Sun, 06 Aug 2023SEK 2.2tSEK 1.2tSEK 111.4b24.1x19.6x1.8x
Tue, 04 Jul 2023SEK 2.2tSEK 1.1tSEK 106.2b24.1x20.9x1.9x
Thu, 01 Jun 2023SEK 2.1tSEK 1.1tSEK 106.3b22.9x20.2x1.9x
Sat, 29 Apr 2023SEK 2.2tSEK 1.1tSEK 104.4b23.8x20.7x1.9x
Mon, 27 Mar 2023SEK 1.9tSEK 1.1tSEK 97.3b22x19.9x1.8x
Wed, 22 Feb 2023SEK 2.0tSEK 1.1tSEK 97.4b22.7x20.7x1.9x
Price to Earnings Ratio

20.7x


Total Market Cap: SEK 2.0tTotal Earnings: SEK 97.4bTotal Revenue: SEK 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 20.5x202420252026
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 27.9x which is higher than its 3-year average PE of 20.5x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.6x.
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 Market-1.01%
Industrials-1.02%
Machinery0.27%
Industrial Machinery1.22%
Agricultural Machinery1.16%
Construction Machinery and Vehicles-1.50%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 25.4x.
    • Analysts are expecting annual earnings growth of 9.7%, which is higher than its past year's earnings decline of 5.3% 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 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 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 192.402.4%
+SEK 21.7b		2.5%PE35.5x
SAND SandvikSEK 376.801.3%
+SEK 6.3b		57.5%PE32.2x
SKF B AB SKFSEK 253.702.1%
+SEK 2.4b		9.7%PE29.4x
TREL B TrelleborgSEK 394.202.0%
+SEK 1.7b		-7.2%PE24.6x
HUSQ B HusqvarnaSEK 44.691.2%
+SEK 297.3m		-22.5%PE14.5x

Latest News

SAND
SEK 376.80
Sandvik
7D
1.3%
1Y
57.5%

Sandvik (STO:SAND) Has Announced That It Will Be Increasing Its Dividend To SEK6.00

Feb 13
Sandvik (STO:SAND) Has Announced That It Will Be Increasing Its Dividend To SEK6.00
ALIG
SEK 127.00
Alimak Group
7D
-10.3%
1Y
-4.5%

Alimak Group AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Feb 13
Alimak Group AB (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
BEIA B
SEK 234.00
Beijer Alma
7D
-14.1%
1Y
18.2%
FLEXQ
SEK 9.80
FlexQube
7D
0.2%
1Y
18.1%
VBG B
SEK 364.80
VBG Group
7D
-11.2%
1Y
7.1%

VBG B: Higher Forward P/E Will Support Stronger Share Repricing

Analysts have lifted their price target on VBG Group from SEK 405 to SEK 450, citing updated assumptions on the discount rate, revenue growth, profit margin, and a revised future P/E estimate. Valuation Changes Fair Value: Updated from SEK 405 to SEK 450, representing a higher target level based on the revised assumptions.
HUSQ B
SEK 44.69
Husqvarna
7D
1.2%
1Y
-22.5%
EPI A
SEK 260.10
Epiroc
7D
-3.3%
1Y
20.5%

Automation And Electrification Leadership Will Support Long Term Mining Equipment Demand

Catalysts About Epiroc Epiroc supplies equipment, tools, automation, electrification and digital solutions for mining and infrastructure customers globally. What are the underlying business or industry changes driving this perspective?
EPRO B
SEK 59.50
Electrolux Professional
7D
-3.7%
1Y
-21.3%

Electrolux Professional (STO:EPRO B) Is Increasing Its Dividend To SEK0.90

Feb 09
Electrolux Professional (STO:EPRO B) Is Increasing Its Dividend To SEK0.90
VOLV B
SEK 343.70
AB Volvo
7D
-0.6%
1Y
5.1%

VOLV B: Truck Cycle Uncertainty And Tariff Support Will Shape Medium-Term Returns

Analysts have lifted their price targets on AB Volvo, with the updated fair value estimate moving from SEK 288.51 to about SEK 323.56. This change reflects higher assumed revenue growth, a slightly lower discount rate, and a higher future P/E multiple, broadly in line with recent target increases from major banks.
ATCO A
SEK 192.40
Atlas Copco
7D
2.4%
1Y
2.5%

ATCO A: Acquisition Push And Mixed Cycle Views Will Shape Balanced Outlook

Analysts have lifted their fair value estimate for Atlas Copco from SEK 191.80 to SEK 193.25, reflecting updated revenue growth and P/E assumptions after a mix of recent target raises, trims and rating changes across the Street. Analyst Commentary Recent research on Atlas Copco has been mixed, with both valuation upgrades and downgrades coming through in quick succession.
INDT
SEK 227.40
Indutrade
7D
-2.8%
1Y
-29.8%

Quintessential serial acquirer

1. The Decentralized Compounder Indutrade’s narrative is built on the Swedish Serial Acquirer model, a story of stability through extreme diversification De-centralization: Unlike traditional conglomerates that centralize power, Indutrade’s narrative is small is beautiful.
SKF B
SEK 253.70
AB SKF
7D
2.1%
1Y
9.7%

SKF B: Index Addition And Clean Tech Plans Will Offset Rating Downgrades

Analysts have trimmed their price target for AB SKF to SEK 260.25 from about SEK 268.53, reflecting recent downgrades and revised assumptions for growth, margins and future P/E multiples. Analyst Commentary Recent research has leaned more cautious on AB SKF, with several downgrades and target trims pointing to a reassessment of growth, margins and the appropriate P/E multiple for the shares.
ALFA
SEK 509.20
Alfa Laval
7D
-0.2%
1Y
9.4%

ALFA: Future Margin Resilience Will Support Higher Fair Value Estimate

Analysts have revised their fair value estimate for Alfa Laval from SEK 530 to SEK 570, citing updated assumptions for revenue growth, profit margins and future P/E expectations. Analyst Commentary Recent research shows a mix of views around Alfa Laval, with some adjustments to price targets and assumptions feeding into the revised fair value estimate of SEK 570.
TREL B
SEK 394.20
Trelleborg
7D
2.0%
1Y
-7.2%

TREL B: Future View Will Balance Dividend Update And Fine Tuned Expectations

The analyst fair value estimate for Trelleborg has shifted slightly lower to SEK 410.70 from SEK 413.78, as analysts factor in revised revenue growth, profit margin and P/E assumptions alongside recent Street target tweaks in SEK 5 to SEK 10 increments. Analyst Commentary Bullish Takeaways Bullish analysts highlight the recent positive initiation from JPMorgan as a sign that large global firms are paying closer attention to Trelleborg's equity story, even with target tweaks occurring.
ENGCON B
SEK 83.90
engcon
7D
0.2%
1Y
-24.7%

engcon (STO:ENGCON B) Knows How To Allocate Capital Effectively

Jan 21
engcon (STO:ENGCON B) Knows How To Allocate Capital Effectively
BIOEX
SEK 2.84
Bioextrax
7D
10.9%
1Y
-10.1%