Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Swedish (OMX) Machinery Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies37
  • 7D4.5%
  • 3M22.2%
  • 1Y12.6%
  • YTD13.7%

Over the last 7 days, the Machinery industry has risen 4.5%, driven by gains from AB Volvo of 6.7%. This takes the industry's 12 month performance to a gain of 13%. Earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026SEK 3.0tSEK 1.2tSEK 106.6b24.9x27.8x2.6x
Tue, 06 Jan 2026SEK 2.6tSEK 1.2tSEK 109.9b24.7x24.1x2.3x
Thu, 04 Dec 2025SEK 2.5tSEK 1.2tSEK 109.9b24.3x23x2.2x
Sat, 01 Nov 2025SEK 2.5tSEK 1.2tSEK 109.9b24.5x22.6x2.1x
Mon, 29 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b22.3x21.3x2x
Wed, 27 Aug 2025SEK 2.4tSEK 1.2tSEK 113.2b23.4x21.4x2x
Fri, 25 Jul 2025SEK 2.4tSEK 1.2tSEK 113.3b24.7x21.4x2x
Sun, 22 Jun 2025SEK 2.3tSEK 1.2tSEK 123.4b24x18.5x1.9x
Tue, 20 May 2025SEK 2.4tSEK 1.2tSEK 123.4b22.4x19.7x2x
Thu, 17 Apr 2025SEK 2.2tSEK 1.2tSEK 128.0b21.3x17.2x1.8x
Sat, 15 Mar 2025SEK 2.6tSEK 1.2tSEK 125.4b25.2x20.9x2.2x
Mon, 10 Feb 2025SEK 2.6tSEK 1.2tSEK 125.5b26.2x21.1x2.2x
Wed, 08 Jan 2025SEK 2.5tSEK 1.2tSEK 124.3b25.2x20x2x
Fri, 06 Dec 2024SEK 2.6tSEK 1.2tSEK 124.3b25.8x20.6x2.1x
Sun, 03 Nov 2024SEK 2.5tSEK 1.2tSEK 124.3b27.7x20.1x2x
Tue, 01 Oct 2024SEK 2.7tSEK 1.2tSEK 130.0b25.8x20.4x2.1x
Thu, 29 Aug 2024SEK 2.5tSEK 1.2tSEK 129.9b24.4x19.4x2x
Sat, 27 Jul 2024SEK 2.6tSEK 1.2tSEK 130.0b25.1x19.7x2.1x
Mon, 24 Jun 2024SEK 2.6tSEK 1.2tSEK 125.4b27.6x21.1x2.1x
Wed, 22 May 2024SEK 2.8tSEK 1.2tSEK 125.4b25.6x22x2.2x
Fri, 19 Apr 2024SEK 2.6tSEK 1.2tSEK 128.1b23.7x20.3x2.1x
Sun, 17 Mar 2024SEK 2.7tSEK 1.2tSEK 127.0b23.4x20.9x2.1x
Tue, 13 Feb 2024SEK 2.4tSEK 1.2tSEK 126.9b22.1x18.8x1.9x
Thu, 11 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b22.3x19.3x1.9x
Sat, 09 Dec 2023SEK 2.3tSEK 1.2tSEK 119.8b22x19.5x1.9x
Mon, 06 Nov 2023SEK 2.1tSEK 1.2tSEK 118.6b21.7x17.9x1.7x
Wed, 04 Oct 2023SEK 2.1tSEK 1.2tSEK 111.4b22.3x19.2x1.8x
Fri, 01 Sep 2023SEK 2.2tSEK 1.2tSEK 111.3b20.7x19.3x1.8x
Sun, 30 Jul 2023SEK 2.2tSEK 1.2tSEK 111.4b24.1x20x1.9x
Tue, 27 Jun 2023SEK 2.2tSEK 1.1tSEK 106.2b24.1x20.6x1.9x
Thu, 25 May 2023SEK 2.1tSEK 1.1tSEK 106.1b24.7x20.1x1.9x
Sat, 22 Apr 2023SEK 2.1tSEK 1.1tSEK 103.6b22.7x20.3x1.9x
Mon, 20 Mar 2023SEK 1.9tSEK 1.1tSEK 97.3b22.6x19.8x1.8x
Wed, 15 Feb 2023SEK 2.0tSEK 1.1tSEK 97.5b23x21x1.9x
Price to Earnings Ratio

21x


Total Market Cap: SEK 2.0tTotal Earnings: SEK 97.5bTotal Revenue: SEK 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 20.4x202420252026
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 20.4x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 3.0% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

SE Market2.14%
Industrials3.67%
Machinery4.51%
Construction Machinery and Vehicles6.99%
Industrial Machinery3.32%
Agricultural Machinery-3.24%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 25.3x.
    • Analysts are expecting annual earnings growth of 9.7%, which is higher than its past year's earnings decline of 5.3% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 25.6x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 15% over the next 5 years.
  • However this is lower than its past earnings growth rate of 33% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 9.7% 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 345.706.7%
+SEK 44.1b		11.1%PE20.4x
SAND SandvikSEK 371.805.7%
+SEK 25.2b		62.9%PE31.7x
EPI A EpirocSEK 269.107.8%
+SEK 23.5b		27.8%PE37.8x
ATCO A Atlas CopcoSEK 187.952.3%
+SEK 20.5b		2.3%PE34.6x
INDT IndutradeSEK 234.0012.0%
+SEK 9.1b		-22.9%PE33.3x

Latest News

VBG B
SEK 410.60
VBG Group
7D
6.8%
1Y
26.0%

Returns On Capital At VBG Group (STO:VBG B) Have Hit The Brakes

Feb 07
Returns On Capital At VBG Group (STO:VBG B) Have Hit The Brakes
INDT
SEK 234.00
Indutrade
7D
12.0%
1Y
-22.9%

Quintessential serial acquirer

1. The Decentralized Compounder Indutrade’s narrative is built on the Swedish Serial Acquirer model, a story of stability through extreme diversification De-centralization: Unlike traditional conglomerates that centralize power, Indutrade’s narrative is small is beautiful.
HUSQ B
SEK 44.17
Husqvarna
7D
-3.2%
1Y
-16.5%
TROAX
SEK 103.00
Troax Group
7D
-29.0%
1Y
-52.5%
XANO B
SEK 67.40
XANO Industri
7D
-25.8%
1Y
19.5%
SKF B
SEK 248.50
AB SKF
7D
6.8%
1Y
14.0%

SKF B: Index Addition And Clean Tech Plans Will Offset Rating Downgrades

Analysts have trimmed their price target for AB SKF to SEK 260.25 from about SEK 268.53, reflecting recent downgrades and revised assumptions for growth, margins and future P/E multiples. Analyst Commentary Recent research has leaned more cautious on AB SKF, with several downgrades and target trims pointing to a reassessment of growth, margins and the appropriate P/E multiple for the shares.
CI
SEK 0.14
Cell Impact
7D
-28.6%
1Y
-88.6%
ALFA
SEK 510.40
Alfa Laval
7D
-1.4%
1Y
10.5%

ALFA: Future Margin Resilience Will Support Higher Fair Value Estimate

Analysts have revised their fair value estimate for Alfa Laval from SEK 530 to SEK 570, citing updated assumptions for revenue growth, profit margins and future P/E expectations. Analyst Commentary Recent research shows a mix of views around Alfa Laval, with some adjustments to price targets and assumptions feeding into the revised fair value estimate of SEK 570.
TREL B
SEK 386.50
Trelleborg
7D
7.4%
1Y
-7.0%

TREL B: Future View Will Balance Dividend Update And Fine Tuned Expectations

The analyst fair value estimate for Trelleborg has shifted slightly lower to SEK 410.70 from SEK 413.78, as analysts factor in revised revenue growth, profit margin and P/E assumptions alongside recent Street target tweaks in SEK 5 to SEK 10 increments. Analyst Commentary Bullish Takeaways Bullish analysts highlight the recent positive initiation from JPMorgan as a sign that large global firms are paying closer attention to Trelleborg's equity story, even with target tweaks occurring.
SAND
SEK 371.80
Sandvik
7D
5.7%
1Y
62.9%
ATCO A
SEK 187.95
Atlas Copco
7D
2.3%
1Y
2.3%
OXE
SEK 0.31
OXE Marine
7D
-7.1%
1Y
-9.5%

Slammed 29% OXE Marine AB (publ) (STO:OXE) Screens Well Here But There Might Be A Catch

Feb 04
Slammed 29% OXE Marine AB (publ) (STO:OXE) Screens Well Here But There Might Be A Catch
VOLV B
SEK 345.70
AB Volvo
7D
6.7%
1Y
11.1%
EPI A
SEK 269.10
Epiroc
7D
7.8%
1Y
27.8%

Epiroc (STO:EPI A) Has Affirmed Its Dividend Of SEK1.90

Jan 29
Epiroc (STO:EPI A) Has Affirmed Its Dividend Of SEK1.90
SALT B
SEK 3.96
SaltX Technology Holding
7D
-8.0%
1Y
15.5%
CCC
SEK 13.80
Cavotec Group
7D
-6.4%
1Y
n/a