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Swedish (OMX) Machinery Industry Analysis

UpdatedJul 18, 2026
DataAggregated Company Financials
Companies38
  • 7D-1.7%
  • 3M-2.3%
  • 1Y25.6%
  • YTD12.2%

Over the last 7 days, the Machinery industry has dropped 1.7%, driven by Sandvik declining 14%. In the past year, the industry has gained 26%. 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
Sat, 18 Jul 2026SEK 2.9tSEK 1.1tSEK 105.6b28.1x27.8x2.6x
Mon, 15 Jun 2026SEK 2.9tSEK 1.1tSEK 104.8b25.9x27.5x2.5x
Wed, 13 May 2026SEK 2.8tSEK 1.1tSEK 104.7b25.6x27x2.5x
Fri, 10 Apr 2026SEK 2.9tSEK 1.2tSEK 106.7b24.2x26.9x2.5x
Sun, 08 Mar 2026SEK 2.8tSEK 1.2tSEK 106.7b22.8x26.3x2.4x
Tue, 03 Feb 2026SEK 2.9tSEK 1.2tSEK 106.4b25.6x27.1x2.5x
Thu, 01 Jan 2026SEK 2.6tSEK 1.2tSEK 109.9b24.7x23.7x2.2x
Sat, 29 Nov 2025SEK 2.5tSEK 1.2tSEK 109.9b24.2x22.9x2.1x
Mon, 27 Oct 2025SEK 2.5tSEK 1.2tSEK 110.7b24.4x23x2.2x
Wed, 24 Sep 2025SEK 2.5tSEK 1.2tSEK 113.3b22.7x21.8x2.1x
Fri, 22 Aug 2025SEK 2.4tSEK 1.2tSEK 113.3b23.5x21.2x2x
Sun, 20 Jul 2025SEK 2.3tSEK 1.2tSEK 113.0b24.1x20.7x2x
Tue, 17 Jun 2025SEK 2.3tSEK 1.2tSEK 123.4b23.6x18.8x1.9x
Thu, 15 May 2025SEK 2.4tSEK 1.2tSEK 123.4b22.3x19.6x2x
Sat, 12 Apr 2025SEK 2.1tSEK 1.2tSEK 125.5b21.5x17x1.8x
Mon, 10 Mar 2025SEK 2.7tSEK 1.2tSEK 125.4b25.9x21.5x2.2x
Wed, 05 Feb 2025SEK 2.6tSEK 1.2tSEK 125.3b27.1x21.1x2.2x
Fri, 03 Jan 2025SEK 2.4tSEK 1.2tSEK 124.3b26.3x19.6x2x
Sun, 01 Dec 2024SEK 2.5tSEK 1.2tSEK 124.3b26.6x19.7x2x
Tue, 29 Oct 2024SEK 2.6tSEK 1.2tSEK 124.5b28x20.7x2.1x
Thu, 26 Sep 2024SEK 2.6tSEK 1.2tSEK 130.0b25.6x19.9x2.1x
Sat, 24 Aug 2024SEK 2.5tSEK 1.2tSEK 129.9b24.6x19.5x2x
Mon, 22 Jul 2024SEK 2.6tSEK 1.2tSEK 129.8b24.7x19.8x2.1x
Wed, 19 Jun 2024SEK 2.6tSEK 1.2tSEK 125.4b27.6x21.1x2.1x
Fri, 17 May 2024SEK 2.7tSEK 1.2tSEK 125.4b25.9x21.6x2.2x
Sun, 14 Apr 2024SEK 2.6tSEK 1.2tSEK 127.0b23.8x20.4x2.1x
Tue, 12 Mar 2024SEK 2.6tSEK 1.2tSEK 127.0b23.1x20.2x2.1x
Thu, 08 Feb 2024SEK 2.4tSEK 1.2tSEK 126.9b22.1x18.7x1.9x
Sat, 06 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b22.5x19.2x1.9x
Mon, 04 Dec 2023SEK 2.3tSEK 1.2tSEK 119.8b22.2x19.1x1.9x
Wed, 01 Nov 2023SEK 2.1tSEK 1.2tSEK 118.6b20.8x17.4x1.7x
Fri, 29 Sep 2023SEK 2.1tSEK 1.2tSEK 111.4b22.3x19.1x1.8x
Sun, 27 Aug 2023SEK 2.1tSEK 1.2tSEK 111.3b20.6x19x1.8x
Tue, 25 Jul 2023SEK 2.2tSEK 1.2tSEK 111.4b24.5x19.7x1.8x
Price to Earnings Ratio

19.7x


Total Market Cap: SEK 2.2tTotal Earnings: SEK 111.4bTotal Revenue: SEK 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 21.4x202420252026
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 27.8x which is higher than its 3-year average PE of 21.4x.
  • 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 Market0.052%
Industrials0.40%
Machinery-1.70%
Agricultural Machinery2.39%
Industrial Machinery-1.57%
Construction Machinery and Vehicles-2.05%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 26.2x.
    • Analysts are expecting annual earnings growth of 10.5%, 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 23.5x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 20% over the next 5 years.
  • However this is lower than its past earnings growth rate of 102% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 11% 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 195.502.3%
+SEK 21.5b		30.4%PE35.8x
INDT IndutradeSEK 248.2018.0%
+SEK 13.8b		0.6%PE33.7x
VOLV B AB VolvoSEK 339.100.7%
+SEK 4.5b		30.5%PE21x
TROAX Troax GroupSEK 140.0037.8%
+SEK 2.3b		-4.0%PE309.5x
TREL B TrelleborgSEK 417.001.5%
+SEK 1.3b		16.5%PE24.5x

Latest News

INDT
SEK 248.20
Indutrade
7D
18.0%
1Y
0.6%
SAND
SEK 338.10
Sandvik
7D
-13.5%
1Y
42.5%
ALIG
SEK 125.00
Alimak Group
7D
10.6%
1Y
-20.0%
ATCO A
SEK 195.50
Atlas Copco
7D
2.3%
1Y
30.4%
TREL B
SEK 417.00
Trelleborg
7D
1.5%
1Y
16.5%
TROAX
SEK 140.00
Troax Group
7D
37.8%
1Y
-4.0%
ALFA
SEK 559.60
Alfa Laval
7D
-0.07%
1Y
31.9%
Narrative Update • Jul 15

ALFA: Elevated P E Multiples Will Face Renewable Contract Delivery Risks

Alfa Laval's updated fair value estimate has moved to SEK 443.94 from SEK 420.61, reflecting a reset of revenue growth, margin and P/E assumptions in line with recent analyst price target changes between SEK 370 and SEK 580. Analyst Commentary Recent Street research on Alfa Laval shows a wide range of price targets, with some analysts taking a more cautious stance even as others lift their estimates.
XANO B
SEK 47.65
XANO Industri
7D
-2.3%
1Y
-22.3%
SKF B
SEK 249.10
AB SKF
7D
-4.0%
1Y
7.5%
Narrative Update • Jul 10

SKF B: Recent Robotics Deals Will Likely Fail To Justify Rich Pricing

The analyst fair value estimate for AB SKF has been adjusted from SEK 205.0 to SEK 209.32, with analysts pointing to a series of recent price target revisions in the SEK 230 to SEK 280 range as support for the higher valuation. Analyst Commentary Recent research on AB SKF points to a mixed backdrop, with several large banks lifting price targets while pockets of caution remain.
ENGCON B
SEK 68.10
engcon
7D
9.1%
1Y
-18.5%
EPI A
SEK 235.00
Epiroc
7D
-8.8%
1Y
17.2%
Narrative Update • Jul 06

EPI A: Autonomy And Key Partnerships Will Support Stronger Long-Term Outlook

Analysts have raised their price target on Epiroc from SEK 280 to SEK 330, citing updated assumptions for revenue growth, profit margins and future P/E that they say support a higher fair value estimate. What’s in the News for Epiroc AlphaValue/Baader Europe upgraded Epiroc to Buy and raised its price target, with the firm citing increased confidence in Epiroc’s outlook (source: AlphaValue/Baader Europe).
OPTI
SEK 2.86
OptiCept Technologies
7D
-8.2%
1Y
-21.0%
VOLV B
SEK 339.10
AB Volvo
7D
0.7%
1Y
30.5%
Narrative Update • Jun 24

VOLV B: Autonomous And Hydrogen Truck Progress Will Support Stronger Long Term Earnings

The analyst price target for AB Volvo has been raised to SEK 395 from SEK 385. Analysts point to the company's perceived structural strength, highlighted at recent events, as a key support for the updated valuation assumptions.
ENRAD
SEK 9.00
Enrad
7D
-6.6%
1Y
-12.6%
Analysis Article • Jun 20

Companies Like Enrad (NGM:ENRAD) Are In A Position To Invest In Growth

We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made...
BEIA B
SEK 296.00
Beijer Alma
7D
4.6%
1Y
11.1%
Narrative Update • Jun 17

BEIA B: Dividend Structure And Refined Assumptions Will Support Fair Value

Analysts have nudged their fair value estimate for Beijer Alma stock from SEK 325 to SEK 328.50, citing updated assumptions around discount rates, revenue growth and profit margins, as well as a slightly adjusted future P/E multiple. What’s in the News for Beijer Alma Beijer Alma shareholders approved a dividend of SEK 4 per share for 2025 at the Annual General Meeting held on April 28, 2026, in line with the Board of Directors’ proposal.
FLEXQ
SEK 28.20
FlexQube
7D
-5.4%
1Y
295.0%