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Swedish (OMX) Machinery Industry Analysis

UpdatedJun 08, 2026
DataAggregated Company Financials
Companies38
  • 7D3.2%
  • 3M0.8%
  • 1Y22.7%
  • YTD10.5%

Over the last 7 days, the Machinery industry has risen 3.2%, driven by gains from Atlas Copco of 3.7%. This takes the industry's 12 month performance to a gain of 23%. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Jun 2026SEK 2.9tSEK 1.1tSEK 104.8b26.4x27.6x2.6x
Thu, 07 May 2026SEK 3.0tSEK 1.1tSEK 104.7b26.6x28.5x2.6x
Sat, 04 Apr 2026SEK 2.7tSEK 1.2tSEK 106.7b23.7x25.3x2.4x
Mon, 02 Mar 2026SEK 3.1tSEK 1.2tSEK 106.7b24.7x28.7x2.7x
Wed, 28 Jan 2026SEK 2.9tSEK 1.2tSEK 109.9b25x25.9x2.4x
Fri, 26 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.4x23.4x2.2x
Sun, 23 Nov 2025SEK 2.4tSEK 1.2tSEK 109.9b23.2x21.9x2.1x
Tue, 21 Oct 2025SEK 2.5tSEK 1.2tSEK 111.1b23.3x22.4x2.1x
Thu, 18 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b23.1x21.3x2x
Sat, 16 Aug 2025SEK 2.4tSEK 1.2tSEK 113.3b23.9x21.1x2x
Mon, 14 Jul 2025SEK 2.4tSEK 1.2tSEK 123.4b24.3x19.6x2x
Wed, 11 Jun 2025SEK 2.4tSEK 1.2tSEK 123.4b24x19.3x2x
Fri, 09 May 2025SEK 2.3tSEK 1.2tSEK 123.3b23.4x18.6x1.9x
Sun, 06 Apr 2025SEK 2.1tSEK 1.2tSEK 125.5b21.2x17.1x1.8x
Tue, 04 Mar 2025SEK 2.7tSEK 1.2tSEK 125.4b26.4x21.6x2.2x
Thu, 30 Jan 2025SEK 2.7tSEK 1.2tSEK 125.4b28.7x21.3x2.2x
Sat, 28 Dec 2024SEK 2.4tSEK 1.2tSEK 124.3b26.4x19.5x2x
Mon, 25 Nov 2024SEK 2.4tSEK 1.2tSEK 124.4b24.7x19.7x2x
Wed, 23 Oct 2024SEK 2.5tSEK 1.2tSEK 125.3b27.1x20.1x2.1x
Fri, 20 Sep 2024SEK 2.6tSEK 1.2tSEK 130.0b26.4x19.6x2x
Sun, 18 Aug 2024SEK 2.5tSEK 1.2tSEK 129.9b24.4x19.3x2x
Tue, 16 Jul 2024SEK 2.7tSEK 1.2tSEK 125.4b26.6x21.3x2.1x
Thu, 13 Jun 2024SEK 2.7tSEK 1.2tSEK 125.4b27.3x21.4x2.2x
Sat, 11 May 2024SEK 2.7tSEK 1.2tSEK 125.4b27.7x21.8x2.2x
Mon, 08 Apr 2024SEK 2.6tSEK 1.2tSEK 127.0b24.7x20.6x2.1x
Wed, 06 Mar 2024SEK 2.5tSEK 1.2tSEK 127.0b22.4x20x2x
Fri, 02 Feb 2024SEK 2.4tSEK 1.3tSEK 126.4b22.2x18.7x1.9x
Sun, 31 Dec 2023SEK 2.4tSEK 1.2tSEK 119.8b22.3x20.2x2x
Tue, 28 Nov 2023SEK 2.3tSEK 1.2tSEK 119.8b22x18.8x1.8x
Thu, 26 Oct 2023SEK 2.0tSEK 1.2tSEK 117.3b20.6x17.5x1.7x
Sat, 23 Sep 2023SEK 2.1tSEK 1.2tSEK 111.4b22.4x19.1x1.8x
Mon, 21 Aug 2023SEK 2.1tSEK 1.2tSEK 111.3b21x19x1.8x
Wed, 19 Jul 2023SEK 2.2tSEK 1.1tSEK 106.2b24.8x20.8x1.9x
Fri, 16 Jun 2023SEK 2.3tSEK 1.1tSEK 106.2b24x21.3x2x
Price to Earnings Ratio

21.3x


Total Market Cap: SEK 2.3tTotal Earnings: SEK 106.2bTotal Revenue: SEK 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 21.1x202420252026
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 27.6x which is higher than its 3-year average PE of 21.1x.
  • 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 Market0.20%
Industrials1.58%
Machinery3.22%
Industrial Machinery3.84%
Construction Machinery and Vehicles2.25%
Agricultural Machinery-4.19%
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 180.904.7%
+SEK 39.5b		14.9%PE33.8x
VOLV B AB VolvoSEK 323.602.9%
+SEK 18.3b		22.3%PE20x
ALFA Alfa LavalSEK 538.405.3%
+SEK 11.2b		30.0%PE27.2x
SAND SandvikSEK 376.201.9%
+SEK 8.7b		75.5%PE31.8x
TREL B TrelleborgSEK 415.007.1%
+SEK 6.1b		17.5%PE25.5x

Latest News

EPI A
SEK 270.00
Epiroc
7D
1.3%
1Y
25.1%
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.
INDT
SEK 194.50
Indutrade
7D
3.7%
1Y
-26.3%
TREL B
SEK 415.00
Trelleborg
7D
7.1%
1Y
17.5%
HUSQ B
SEK 41.58
Husqvarna
7D
-1.1%
1Y
-15.8%
VBG B
SEK 313.00
VBG Group
7D
-2.0%
1Y
22.5%
Narrative Update • Jun 05

VBG B: New Czech Facility Consolidation Will Support Future Repricing Potential

Analysts have reiterated a price target of SEK435 for VBG Group, with only marginal tweaks to inputs such as discount rate, long term revenue growth, profit margin and future P/E supporting this unchanged view. What's in the News VBG Group plans to invest about SEK 200 million in a new production facility in Dobrany, Czech Republic, to consolidate Ringfeder Power Transmission manufacturing currently split between Neunkirchen, Germany, and Dobrany, Czech Republic.
VOLV B
SEK 323.60
AB Volvo
7D
2.9%
1Y
22.3%
ALFA
SEK 538.40
Alfa Laval
7D
5.3%
1Y
30.0%
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.
SAND
SEK 376.20
Sandvik
7D
1.9%
1Y
75.5%
Narrative Update • Jun 02

SAND: Higher P/E Assumptions Will Test Mining Cycle Delivery Timing

Sandvik's updated fair value estimate has moved from SEK 226.86 to SEK 268.47. Analysts point to a series of recent price target adjustments and mixed rating changes that reflect revised assumptions for growth, margins and future P/E expectations.
SKF B
SEK 244.90
AB SKF
7D
3.8%
1Y
15.6%
Narrative Update • May 28

SKF B: Mixed Rating Shifts Will Shape Balanced SEK 257 Return Profile

AB SKF’s updated analyst price target has been adjusted slightly lower to about SEK 257 as analysts weigh mixed recent target changes and ratings shifts against updated assumptions for growth, margins and P/E. Analyst Commentary Recent research shows a mix of upgraded ratings alongside both higher and lower price targets, which leaves the stock sitting in the middle of a tug of war between confidence in execution and questions around valuation and earnings power.
BIOEX
SEK 2.36
Bioextrax
7D
-9.2%
1Y
-27.2%
ARENIT SDB
SEK 73.20
Arenit Industrie
7D
-4.4%
1Y
n/a
ENRAD
SEK 8.76
Enrad
7D
-5.4%
1Y
-21.1%
FLEXQ
SEK 23.30
FlexQube
7D
-6.0%
1Y
375.5%
ATCO A
SEK 180.90
Atlas Copco
7D
4.7%
1Y
14.9%
XANO B
SEK 48.75
XANO Industri
7D
-1.2%
1Y
-18.9%
CCC
SEK 11.60
Cavotec Group
7D
-7.6%
1Y
n/a