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Swedish (OMX) Machinery Industry Analysis

UpdatedDec 17, 2025
DataAggregated Company Financials
Companies37
  • 7D-0.6%
  • 3M6.6%
  • 1Y3.0%
  • YTD5.2%

The Machinery industry has stayed flat over the last week. As for the the longer term, the industry is up 4.1% over the past 12 months. 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
Wed, 17 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.2x23.3x2.2x
Fri, 14 Nov 2025SEK 2.5tSEK 1.2tSEK 109.9b24.1x22.4x2.1x
Sun, 12 Oct 2025SEK 2.5tSEK 1.2tSEK 113.3b22.5x21.8x2.1x
Tue, 09 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b23.4x21.5x2.1x
Thu, 07 Aug 2025SEK 2.3tSEK 1.2tSEK 113.3b23.8x20.5x2x
Sat, 05 Jul 2025SEK 2.4tSEK 1.2tSEK 123.4b23.9x19.1x1.9x
Mon, 02 Jun 2025SEK 2.3tSEK 1.2tSEK 123.4b23.2x18.9x1.9x
Wed, 30 Apr 2025SEK 2.2tSEK 1.2tSEK 123.2b21.5x18.2x1.9x
Fri, 28 Mar 2025SEK 2.5tSEK 1.2tSEK 125.4b24.1x20.1x2.1x
Sun, 23 Feb 2025SEK 2.7tSEK 1.2tSEK 125.5b26.8x21.7x2.2x
Tue, 21 Jan 2025SEK 2.6tSEK 1.2tSEK 124.3b27.1x20.8x2.1x
Thu, 19 Dec 2024SEK 2.5tSEK 1.2tSEK 124.3b26.3x20.1x2x
Sat, 16 Nov 2024SEK 2.5tSEK 1.2tSEK 124.4b25.5x20x2x
Mon, 14 Oct 2024SEK 2.6tSEK 1.2tSEK 130.0b24.9x20.1x2.1x
Wed, 11 Sep 2024SEK 2.4tSEK 1.2tSEK 130.0b25.5x18.5x1.9x
Fri, 09 Aug 2024SEK 2.4tSEK 1.2tSEK 129.9b24.1x18.7x2x
Sun, 07 Jul 2024SEK 2.6tSEK 1.2tSEK 125.4b26.8x20.8x2.1x
Tue, 04 Jun 2024SEK 2.7tSEK 1.2tSEK 125.4b25.3x21.6x2.2x
Thu, 02 May 2024SEK 2.6tSEK 1.2tSEK 125.4b26.9x21.1x2.1x
Sat, 30 Mar 2024SEK 2.6tSEK 1.2tSEK 127.0b24.9x20.4x2.1x
Mon, 26 Feb 2024SEK 2.5tSEK 1.2tSEK 127.0b24.6x19.8x2x
Wed, 24 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b21.3x19.4x1.9x
Fri, 22 Dec 2023SEK 2.4tSEK 1.2tSEK 119.8b22.2x20.1x2x
Sun, 19 Nov 2023SEK 2.2tSEK 1.2tSEK 119.8b21.6x18.5x1.8x
Tue, 17 Oct 2023SEK 2.2tSEK 1.2tSEK 111.4b21.9x19.4x1.8x
Thu, 14 Sep 2023SEK 2.1tSEK 1.2tSEK 111.4b22.2x19.2x1.8x
Sat, 12 Aug 2023SEK 2.2tSEK 1.2tSEK 111.4b23.5x19.4x1.8x
Mon, 10 Jul 2023SEK 2.2tSEK 1.1tSEK 106.2b24.2x20.3x1.9x
Wed, 07 Jun 2023SEK 2.2tSEK 1.1tSEK 106.2b24.2x20.9x1.9x
Fri, 05 May 2023SEK 2.1tSEK 1.1tSEK 106.1b23.5x20.2x1.9x
Sun, 02 Apr 2023SEK 2.1tSEK 1.1tSEK 97.3b22.7x21.7x1.9x
Tue, 28 Feb 2023SEK 2.0tSEK 1.1tSEK 97.3b22.9x20.8x1.9x
Thu, 26 Jan 2023SEK 2.1tSEK 1.0tSEK 100.5b21.1x20.5x2x
Sat, 24 Dec 2022SEK 1.9tSEK 1.0tSEK 101.9b16.7x18.5x1.8x
Price to Earnings Ratio

18.5x


Total Market Cap: SEK 1.9tTotal Earnings: SEK 101.9bTotal Revenue: SEK 1.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 20.2x202320242025
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 23.6x which is higher than its 3-year average PE of 20.2x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 2.6% per year over the last three years.
  • Revenues for these companies have grown 4.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Swedish Industrials industry?

SE Market0.061%
Industrials-0.28%
Machinery-0.59%
Agricultural Machinery1.81%
Construction Machinery and Vehicles-0.065%
Industrial Machinery-0.89%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 25.1x.
    • Analysts are expecting annual earnings growth of 10.0%, which is higher than its past year's earnings growth of 0.5% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 25.4x.
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 decline of 0.4% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 10.0% 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 292.000.7%
+SEK 4.1b		5.9%PE16.7x
INDT IndutradeSEK 238.601.7%
+SEK 1.5b		-15.3%PE32.6x
TROAX Troax GroupSEK 146.406.9%
+SEK 562.5m		-34.9%PE37x
EPRO B Electrolux ProfessionalSEK 65.102.8%
+SEK 517.3m		-3.6%PE27.9x
HUSQ B HusqvarnaSEK 46.911.9%
+SEK 491.7m		-22.7%PE18.8x

Latest News

SALT B
SEK 4.20
SaltX Technology Holding
7D
-7.5%
1Y
29.6%
VOLV B
SEK 292.00
AB Volvo
7D
0.7%
1Y
5.9%

Are Investors Undervaluing AB Volvo (publ) (STO:VOLV B) By 36%?

Dec 16
Are Investors Undervaluing AB Volvo (publ) (STO:VOLV B) By 36%?
TROAX
SEK 146.40
Troax Group
7D
6.9%
1Y
-34.9%

Why Troax Group AB (publ) (STO:TROAX) Could Be Worth Watching

Dec 15
Why Troax Group AB (publ) (STO:TROAX) Could Be Worth Watching
SKF B
SEK 241.10
AB SKF
7D
-2.8%
1Y
11.9%

SKF B: Autos Spin-Off And New Steel Development Will Shape Future Outlook

Analysts have modestly reduced their fair value estimate for AB SKF to roughly SEK 267 from about SEK 267 previously, reflecting slightly lower revenue growth and margin assumptions, as well as a mixed but still constructive range of updated price targets from the Street. Analyst Commentary Recent Street research presents a mixed but generally constructive view on AB SKF, with price targets clustering in the mid to high SEK 200s and ratings ranging from Neutral to Buy.
ATCO A
SEK 164.00
Atlas Copco
7D
-1.7%
1Y
-7.2%

ATCO A Will Balance Acquisition Push With Cycle And Margin Risks

Analysts have nudged their fair value estimate for Atlas Copco slightly higher to approximately SEK 176 from SEK 175, reflecting a modestly stronger outlook for revenue growth and profitability despite mixed target revisions across the Street. Analyst Commentary Street research remains divided on Atlas Copco, with recent target changes highlighting contrasting views on the pace and quality of the company’s recovery.
TREL B
SEK 386.60
Trelleborg
7D
-1.5%
1Y
-0.7%

TREL B: Shares Will Reflect Modest Margin Progress And Easing Discount Rate Risk

Analysts have nudged their price target on Trelleborg slightly higher, lifting the fair value estimate from SEK 415.25 to SEK 416.25 as modestly lower discount rates and a marginally stronger long term profit outlook support a small upward revision. Analyst Commentary Recent Street research suggests that while the latest price target increase is modest, it reflects a gradual improvement in confidence around Trelleborg's medium term prospects rather than a radical shift in outlook.
ALFA
SEK 458.40
Alfa Laval
7D
-0.07%
1Y
-1.5%

We Think Alfa Laval (STO:ALFA) Can Stay On Top Of Its Debt

Dec 14
We Think Alfa Laval (STO:ALFA) Can Stay On Top Of Its Debt
SAND
SEK 291.50
Sandvik
7D
-0.07%
1Y
41.9%

SAND: Medium Term Revenue Outlook Will Support Upside From Recent Buy Upgrades

We raise our Sandvik fair value estimate to SEK 335 from SEK 300, reflecting analysts' higher price targets and improved expectations for medium term revenue growth, which are partly offset by slightly lower margin assumptions and a marginally higher discount rate. Analyst Commentary Bullish analysts have recently reiterated a constructive stance on Sandvik, highlighting a combination of solid execution, improving end market conditions, and scope for further margin enhancement as key drivers of upside to the current share price.
BEIA B
SEK 283.50
Beijer Alma
7D
2.3%
1Y
69.4%

Estimating The Intrinsic Value Of Beijer Alma AB (publ) (STO:BEIA B)

Dec 12
Estimating The Intrinsic Value Of Beijer Alma AB (publ) (STO:BEIA B)
INDT
SEK 238.60
Indutrade
7D
1.7%
1Y
-15.3%

INDT: Future Acquisition Pipeline Will Drive Upside Despite Margin Headwinds

Analysts have trimmed their fair value estimate for Indutrade from SEK 275 to about SEK 272, reflecting slightly lower profit margin and valuation assumptions, even as revenue growth expectations edge higher, following a recent downgrade to Hold from Buy and a SEK 235 price target on the stock. Analyst Commentary Analysts are reassessing Indutrade’s risk reward profile following the recent downgrade, with a more balanced view emerging between the company’s structural growth strengths and near term valuation and margin pressures.
HUSQ B
SEK 46.91
Husqvarna
7D
1.9%
1Y
-22.7%

HUSQ B Ongoing Restructuring And AI Mowers Will Support Future Margin Recovery

Narrative Update on Husqvarna Analysts have trimmed their Husqvarna price target by SEK 5 to SEK 50, reflecting Q3 results that highlight innovation led growth but also ongoing structural challenges and limited upside until a clearer recovery and growth plan is presented. Analyst Commentary Recent commentary highlights a mixed outlook for Husqvarna, with analysts recognizing progress on innovation while questioning the timing and visibility of a sustained recovery in earnings and returns.
EPI A
SEK 209.10
Epiroc
7D
-2.1%
1Y
2.8%

Epiroc AB (publ) (STO:EPI A) Investors Are Less Pessimistic Than Expected

Dec 02
Epiroc AB (publ) (STO:EPI A) Investors Are Less Pessimistic Than Expected
ENGCON B
SEK 79.70
engcon
7D
4.2%
1Y
-21.9%

engcon (STO:ENGCON B) Could Easily Take On More Debt

Nov 26
engcon (STO:ENGCON B) Could Easily Take On More Debt
CCC
SEK 12.95
Cavotec Group
7D
-7.5%
1Y
n/a
EPRO B
SEK 65.10
Electrolux Professional
7D
2.8%
1Y
-3.6%
XANO B
SEK 74.20
XANO Industri
7D
10.3%
1Y
27.1%