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Swedish (OMX) Machinery Industry Analysis

UpdatedSep 01, 2026
DataAggregated Company Financials
Companies38
  • 7D0.8%
  • 3M7.3%
  • 1Y29.4%
  • YTD19.4%

Over the last 7 days, the Machinery industry has remained flat, although notably Husqvarna gained 3.1%. The past year has been better, since the industry has gained 29% in that time. 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, 01 Sep 2026SEK 3.1tSEK 1.2tSEK 111.1b25.1x28.1x2.7x
Thu, 30 Jul 2026SEK 3.0tSEK 1.2tSEK 111.2b24.7x26.9x2.6x
Sat, 27 Jun 2026SEK 2.9tSEK 1.1tSEK 104.8b26.8x28x2.6x
Mon, 25 May 2026SEK 2.9tSEK 1.1tSEK 104.8b26.5x27.3x2.5x
Wed, 22 Apr 2026SEK 2.9tSEK 1.1tSEK 106.5b25.4x27.6x2.6x
Fri, 20 Mar 2026SEK 2.6tSEK 1.2tSEK 106.7b21x24.2x2.2x
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
Price to Earnings Ratio

19.4x


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 21.7x202420252026
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 28.1x which is higher than its 3-year average PE of 21.7x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.7x.
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 Market0.65%
Industrials0.91%
Machinery0.76%
Agricultural Machinery3.46%
Industrial Machinery1.20%
Construction Machinery and Vehicles-0.17%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 26.5x.
    • Analysts are expecting annual earnings growth of 13.0%, 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 22.9x.
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 growth rate of 11% per year.
  • In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 13% 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
HUSQ B HusqvarnaSEK 38.593.1%
+SEK 657.7m		-25.8%PE15.5x
ENGCON B engconSEK 67.802.7%
+SEK 274.5m		-8.4%PE41.3x
BEIA B Beijer AlmaSEK 300.001.0%
+SEK 180.8m		23.5%PE24.1x
TROAX Troax GroupSEK 145.201.4%
+SEK 119.7m		5.2%PE317.7x
CCC Cavotec GroupSEK 12.702.0%
+SEK 26.7m		-19.4%PS0.7x

Latest News

ATCO A
SEK 199.50
Atlas Copco
7D
-2.3%
1Y
34.3%
SAND
SEK 373.90
Sandvik
7D
-5.3%
1Y
59.1%
ALFA
SEK 563.80
Alfa Laval
7D
-1.9%
1Y
32.8%
Narrative Update • Aug 26

ALFA: Fair Outlook As Incremental Rating Shifts Test Execution Delivery

The analyst price target for Alfa Laval has been raised from SEK 547 to SEK 589, reflecting updated assumptions on revenue growth and a series of higher SEK 540 to SEK 650 price targets from Citi, RBC Capital, Morgan Stanley, JPMorgan, Deutsche Bank, and Pareto in recent research. Analyst Commentary Recent research on Alfa Laval shows a cluster of higher price targets, with views spread across Neutral, Equal Weight, Outperform and Buy ratings.
BIOEX
SEK 2.33
Bioextrax
7D
4.0%
1Y
-29.8%
VOLV B
SEK 345.00
AB Volvo
7D
-1.7%
1Y
23.7%
Narrative Update • Aug 18

VOLV B: Order Strength Will Eventually Clash With Margin Execution Risks

The analyst fair value estimate for AB Volvo has increased from SEK 270 to SEK 280. Analysts cite stronger truck order trends in North America, higher management sales forecasts in Europe and China, and recent price target increases across several firms as support for the change.
SKF B
SEK 269.30
AB SKF
7D
-1.1%
1Y
13.7%
Narrative Update • Aug 17

SKF B: Incremental Rating Shifts And Robotics JV Will Shape Balanced Outlook

Analysts have lifted the fair value estimate for AB SKF to SEK 266.06 from SEK 260.76, reflecting higher Street price targets toward SEK 270 to SEK 290 and updated assumptions for slightly stronger revenue growth, profit margins and a lower future P/E. Analyst Commentary Recent Street research on AB SKF shows a tight cluster of price targets between SEK 230 and SEK 290.
INDT
SEK 247.20
Indutrade
7D
-0.4%
1Y
7.9%
Narrative Update • Aug 15

INDT: Recent Rating Upgrade And CFO Appointment Will Support Future Upside

Analysts now place Indutrade's fair value at SEK 280.75, up from SEK 248.13. This reflects updated assumptions on revenue growth, profitability and future P/E, alongside recent Street views that range from a SEK 211 target with a Neutral stance to a SEK 229 target with a Buy rating.
HUSQ B
SEK 38.59
Husqvarna
7D
3.1%
1Y
-25.8%
Narrative Update • Aug 13

HUSQ B: CFO Transition And Lowered Jefferies Outlook Will Shape Future Rerating

Analysts have trimmed their price target on Husqvarna to SEK 40 from SEK 45, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E, which together point to a more conservative valuation profile. What’s in the News for Husqvarna Husqvarna Group appointed Patrik Johnsson as Chief Financial Officer, succeeding Terry Burke.
EPI A
SEK 258.30
Epiroc
7D
-3.9%
1Y
32.9%
Narrative Update • Aug 03

EPI A: Connectivity Partnerships And Autonomy Rollout Will Support Balanced Outlook

Analysts have lifted their price target for Epiroc from SEK185 to about SEK222.63, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E that together support a higher valuation framework. What’s in the News for Epiroc Epiroc Mexico and Rajant Corporation agreed a partnership to offer deployment ready Kinetic Mesh wireless connectivity for mining customers in Mexico, with a focus on more reliable communications for mobile equipment fleets and support for automation.
CCC
SEK 12.70
Cavotec Group
7D
2.0%
1Y
-19.4%
TROAX
SEK 145.20
Troax Group
7D
1.4%
1Y
5.2%
Narrative Update • Jul 24

TROAX: North American Automation Expansion Will Drive Future Upside Potential

The latest Narrative Update on Troax Group reflects a revised analyst price target to SEK157.79 from SEK137.11. Analysts point to updated assumptions around revenue growth, profit margin expectations, and a lower future P/E multiple as key drivers of the change.
VBG B
SEK 310.50
VBG Group
7D
-3.9%
1Y
6.1%
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...
BEIA B
SEK 300.00
Beijer Alma
7D
1.0%
1Y
23.5%
Analysis Article • Jul 21

The Beijer Alma AB (publ) (STO:BEIA B) Second-Quarter Results Are Out And Analysts Have Published New Forecasts

It's been a good week for Beijer Alma AB (publ) ( STO:BEIA B ) shareholders, because the company has just released its...
ENGCON B
SEK 67.80
engcon
7D
2.7%
1Y
-8.4%
ARENIT SDB
SEK 103.00
Arenit Industrie
7D
1.0%
1Y
n/a
AERW B
SEK 2.49
Aerowash
7D
20.9%
1Y
-69.3%