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Swedish (OMX) Machinery Industry Analysis

UpdatedAug 20, 2026
DataAggregated Company Financials
Companies38
  • 7D-2.7%
  • 3M5.5%
  • 1Y24.0%
  • YTD14.5%

Over the last 7 days, the Machinery industry has dropped 2.7%, driven by Atlas Copco declining 4.7%. In the past year, the industry has gained 24%. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 20 Aug 2026SEK 3.0tSEK 1.2tSEK 111.2b23.4x26.9x2.6x
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
Price to Earnings Ratio

19x


Total Market Cap: SEK 2.1tTotal Earnings: SEK 111.3bTotal Revenue: SEK 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 21.6x202420252026
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 26.9x which is higher than its 3-year average PE of 21.6x.
  • 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 Market-1.13%
Industrials-2.27%
Machinery-2.68%
Construction Machinery and Vehicles-1.67%
Industrial Machinery-3.16%
Agricultural Machinery-4.75%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 26.4x.
    • Analysts are expecting annual earnings growth of 12.9%, 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 23.1x.
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
SAND SandvikSEK 368.702.8%
+SEK 12.7b		54.3%PE27.4x
EPI A EpirocSEK 257.603.6%
+SEK 10.8b		31.1%PE35.3x
INDT IndutradeSEK 241.200.2%
+SEK 145.7m		4.1%PE32.8x
XANO B XANO IndustriSEK 50.001.1%
+SEK 32.6m		-20.0%PE17.7x
ARENIT SDB Arenit IndustrieSEK 103.001.0%
+SEK 23.8m		n/an/a

Latest News

SINT
SEK 107.50
SinterCast
7D
2.9%
1Y
2.4%
NFGAB
SEK 27.60
Nordic Flanges Group
7D
41.5%
1Y
232.5%
ATCO A
SEK 201.20
Atlas Copco
7D
-4.1%
1Y
34.9%
Narrative Update • Aug 19

ATCO A: Rich P E Will Be Tested By Semiconductor Capex Dependence

Atlas Copco's analyst price target has been raised by SEK 4.54 to SEK 168.03 as analysts factor in higher forecast revenue growth, a slightly adjusted discount rate, and updated views on margins and future P/E, with recent target increases from several banks reflecting this recalibration. Analyst Commentary Recent Street research on Atlas Copco shows a split in opinion on the stock, with several large banks increasing price targets while a minority of bearish analysts keep a more cautious stance.
VOLV B
SEK 340.00
AB Volvo
7D
-0.03%
1Y
15.8%
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 259.90
AB SKF
7D
-0.5%
1Y
9.0%
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.
SAND
SEK 368.70
Sandvik
7D
2.8%
1Y
54.3%
INDT
SEK 241.20
Indutrade
7D
0.2%
1Y
4.1%
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 36.97
Husqvarna
7D
-4.0%
1Y
-34.8%
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.
ALFA
SEK 548.40
Alfa Laval
7D
-2.6%
1Y
26.0%
Narrative Update • Aug 12

ALFA: Elevated P E Multiples Will Confront Renewable Contract Execution Risks

The updated analyst price target for Alfa Laval rises from SEK 443.94 to SEK 461.78, reflecting Street research that cites revised SEK 540 to SEK 650 targets and modest adjustments to revenue growth, the discount rate and future P/E assumptions. Analyst Commentary Recent Street research on Alfa Laval shows a wide range of price targets, with several firms clustered between SEK 540 and SEK 650.
EPI A
SEK 257.60
Epiroc
7D
3.6%
1Y
31.1%
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.
TREL B
SEK 425.20
Trelleborg
7D
-2.8%
1Y
21.2%
Narrative Update • Aug 01

TREL B: Future View Will Balance Expanded Buybacks And Mixed Rating Signals

Trelleborg's updated analyst price target rises to SEK 446 from SEK 429, with analysts pointing to slightly higher revenue growth assumptions, a modestly lower discount rate and a recalibrated future P/E multiple as key drivers of the change. Analyst Commentary Recent Street research on Trelleborg shows a mix of cautious and constructive views on the stock, with price targets set in both CHF and SEK.
BEIA B
SEK 292.50
Beijer Alma
7D
-2.7%
1Y
14.3%
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...
ALIG
SEK 122.80
Alimak Group
7D
-5.0%
1Y
-23.6%
XANO B
SEK 50.00
XANO Industri
7D
1.1%
1Y
-20.0%
CNCJO B
SEK 49.20
Concejo
7D
4.2%
1Y
9.1%
ARENIT SDB
SEK 103.00
Arenit Industrie
7D
1.0%
1Y
n/a