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Swedish (OMX) Machinery Industry Analysis

UpdatedJul 28, 2026
DataAggregated Company Financials
Companies38
  • 7D4.1%
  • 3M7.5%
  • 1Y26.2%
  • YTD16.0%

Over the last 7 days, the Machinery industry has risen 4.1%, driven by gains in Atlas Copco and AB Volvo of 4.0% and 5.0%, respectively. This takes the industry's 12 month performance to a gain of 26%. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 28 Jul 2026SEK 3.0tSEK 1.2tSEK 111.2b24.8x27.3x2.6x
Thu, 25 Jun 2026SEK 2.9tSEK 1.1tSEK 104.8b26.5x27.9x2.6x
Sat, 23 May 2026SEK 2.9tSEK 1.1tSEK 104.8b26.5x27.3x2.5x
Mon, 20 Apr 2026SEK 3.0tSEK 1.2tSEK 106.7b25.3x28.1x2.6x
Wed, 18 Mar 2026SEK 2.7tSEK 1.2tSEK 106.7b22x25.5x2.4x
Fri, 13 Feb 2026SEK 3.0tSEK 1.2tSEK 106.5b24.9x28x2.6x
Sun, 11 Jan 2026SEK 2.7tSEK 1.2tSEK 109.9b25x24.9x2.3x
Tue, 09 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.6x23.8x2.2x
Thu, 06 Nov 2025SEK 2.5tSEK 1.2tSEK 110.0b24x22.4x2.1x
Sat, 04 Oct 2025SEK 2.5tSEK 1.2tSEK 113.3b22.9x22.2x2.1x
Mon, 01 Sep 2025SEK 2.4tSEK 1.2tSEK 113.2b23.1x21.3x2x
Wed, 30 Jul 2025SEK 2.4tSEK 1.2tSEK 113.3b24.7x21.2x2x
Fri, 27 Jun 2025SEK 2.3tSEK 1.2tSEK 123.4b23.9x18.5x1.9x
Sun, 25 May 2025SEK 2.3tSEK 1.2tSEK 123.4b21.9x18.8x1.9x
Tue, 22 Apr 2025SEK 2.2tSEK 1.2tSEK 128.0b21.1x17x1.8x
Thu, 20 Mar 2025SEK 2.6tSEK 1.2tSEK 125.4b25.4x20.9x2.2x
Sat, 15 Feb 2025SEK 2.7tSEK 1.2tSEK 125.6b27.1x21.8x2.3x
Mon, 13 Jan 2025SEK 2.5tSEK 1.2tSEK 124.3b25.2x19.9x2x
Wed, 11 Dec 2024SEK 2.6tSEK 1.2tSEK 124.3b26.6x20.6x2.1x
Fri, 08 Nov 2024SEK 2.6tSEK 1.2tSEK 124.4b27.7x20.9x2.1x
Sun, 06 Oct 2024SEK 2.6tSEK 1.2tSEK 130.0b25.3x20.4x2.1x
Tue, 03 Sep 2024SEK 2.6tSEK 1.2tSEK 129.9b26.5x19.7x2.1x
Thu, 01 Aug 2024SEK 2.6tSEK 1.2tSEK 130.0b24.9x20x2.1x
Sat, 29 Jun 2024SEK 2.6tSEK 1.2tSEK 125.4b26.5x21x2.1x
Mon, 27 May 2024SEK 2.8tSEK 1.2tSEK 125.4b25.6x22.1x2.2x
Wed, 24 Apr 2024SEK 2.5tSEK 1.2tSEK 125.3b23.5x20.3x2x
Fri, 22 Mar 2024SEK 2.7tSEK 1.2tSEK 127.0b24.5x21.2x2.2x
Sun, 18 Feb 2024SEK 2.5tSEK 1.2tSEK 126.9b22.8x19.4x2x
Tue, 16 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b21.9x19.3x1.9x
Thu, 14 Dec 2023SEK 2.3tSEK 1.2tSEK 119.8b21.4x19.5x1.9x
Sat, 11 Nov 2023SEK 2.1tSEK 1.2tSEK 118.5b20.9x17.9x1.7x
Mon, 09 Oct 2023SEK 2.1tSEK 1.2tSEK 111.4b22.6x19.2x1.8x
Wed, 06 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b22.1x19.6x1.8x
Fri, 04 Aug 2023SEK 2.2tSEK 1.2tSEK 111.4b24.1x19.5x1.8x
Price to Earnings Ratio

19.5x


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 21.5x202420252026
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 27.3x which is higher than its 3-year average PE of 21.5x.
  • 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 Market2.12%
Industrials2.77%
Machinery4.13%
Construction Machinery and Vehicles5.07%
Industrial Machinery3.66%
Agricultural Machinery3.07%
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 12.4%, which is higher than its past year's earnings decline of 5.2% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 23.4x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Industrial 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
VOLV B AB VolvoSEK 364.707.4%
+SEK 51.2b		28.2%PE20.7x
SKF B AB SKFSEK 259.203.4%
+SEK 3.9b		11.1%PE26.2x
TREL B TrelleborgSEK 423.802.5%
+SEK 2.3b		18.2%PE24.9x
HUSQ B HusqvarnaSEK 39.3510.6%
+SEK 2.2b		-28.5%PE15.8x
SAND SandvikSEK 348.400.4%
+SEK 1.9b		43.3%PE25.9x

Latest News

VOLV B
SEK 364.70
AB Volvo
7D
7.4%
1Y
28.2%
FREEM
SEK 1.50
Freemelt Holding
7D
-7.7%
1Y
-50.6%
New Narrative • Jul 26

Two-Minute Drill: Freemelt (STO: FREEM)

Market Cap: €37M Industry: Industrial 3D Printing / Advanced Manufacturing Most investors think Freemelt is another small 3D-printing company, but there is way more nuance to discover. I think it's a company sitting at the intersection of three powerful megatrends: defence, fusion energy and state-of-the-art medical manufacturing.
ALFA
SEK 557.00
Alfa Laval
7D
-1.4%
1Y
31.2%
OXE
SEK 0.19
OXE Marine
7D
-27.2%
1Y
-68.9%
SKF B
SEK 259.20
AB SKF
7D
3.4%
1Y
11.1%
Narrative Update • Jul 24

SKF B: Rich P E Looks Vulnerable As Margin Delivery Risks Persist

The updated analyst price target for AB SKF shifts to SEK 205.00 from SEK 209.32, reflecting Street research that points to SEK 230.00 to SEK 290.00 targets, as analysts factor in slightly firmer margin assumptions and a lower future P/E. Analyst Commentary Recent Street research on AB SKF highlights a mix of views on the stock, with several firms adjusting price targets into the SEK 230.00 to SEK 290.00 range.
EPRO B
SEK 48.00
Electrolux Professional
7D
9.2%
1Y
-28.7%
Narrative Update • Jul 22

EPRO B: Higher Margin Outlook Will Support Future Upside Potential

Analysts have raised their SEK price target on Electrolux Professional from SEK 67 to SEK 73, citing updated assumptions around revenue growth, profit margin and future P/E, which feed into a slightly lower discount rate in their valuation work. What’s in the News for Electrolux Professional No recent company specific news items were identified in the provided sources for Electrolux Professional.
ATCO A
SEK 196.60
Atlas Copco
7D
-0.5%
1Y
28.7%
Narrative Update • Jul 22

ATCO A: Capex Upcycle Exposure Will Support Higher Future Earnings Power

The analyst fair value estimate for Atlas Copco has shifted from SEK 220.0 to SEK 250.0 as analysts point to higher assumed revenue growth, slightly stronger profit margins, a modestly higher future P/E, and broad support from recent Street price target increases. Analyst Commentary Recent Street research on Atlas Copco has turned more constructive, with several high profile firms lifting price targets and, in one case, upgrading the stock rating.
VBG B
SEK 328.00
VBG Group
7D
7.2%
1Y
14.8%
Analysis Article • Jul 22

VBG Group AB (publ) (STO:VBG B) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates

Last week, you might have seen that VBG Group AB (publ) ( STO:VBG B ) released its second-quarter result to the market...
SAND
SEK 348.40
Sandvik
7D
0.4%
1Y
43.3%
Narrative Update • Jul 21

SAND: Mining Contract Wins And Q2 Execution Will Drive Further Upside

For Sandvik, the analyst fair value estimate has been raised from SEK 383.95 to SEK 394.15. This reflects updated views on valuation after recent price target revisions and rating changes across the Street research.
ENGCON B
SEK 66.00
engcon
7D
-2.7%
1Y
-14.1%
INDT
SEK 244.20
Indutrade
7D
1.2%
1Y
0.9%
Analysis Article • Jul 19

Results: Indutrade AB (publ) Exceeded Expectations And The Consensus Has Updated Its Estimates

Indutrade AB (publ) ( STO:INDT ) investors will be delighted, with the company turning in some strong numbers with its...
TREL B
SEK 423.80
Trelleborg
7D
2.5%
1Y
18.2%
Narrative Update • Jul 18

TREL B: Share Repurchases And Dividend Policy Will Sustain Rich P/E

Analysts have raised their price target on Trelleborg to SEK 460, up from a previous fair value estimate of about SEK 340. They cite updated assumptions that include slightly higher revenue growth, modestly stronger profit margins and a lower future P/E multiple.
HUSQ B
SEK 39.35
Husqvarna
7D
10.6%
1Y
-28.5%
Narrative Update • Jul 15

HUSQ B: Portfolio Exit And Leadership Change Will Shape A Steady Path

The Husqvarna analyst price target has been reduced from SEK 42.0 to SEK 39.0, as analysts factor in a slightly higher discount rate, modestly adjusted profit margin expectations, and a lower assumed future P/E multiple, even though projected revenue growth is now set at a higher level than before. What’s in the News for Husqvarna Husqvarna plans to discontinue its non core stone diamond tools business within the Construction Division.
AGES B
SEK 48.40
AGES Industri
7D
-4.2%
1Y
-17.4%
ARENIT SDB
SEK 99.00
Arenit Industrie
7D
-2.9%
1Y
n/a
IMPC
SEK 3.35
Impact Coatings
7D
-15.8%
1Y
-29.3%