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Swedish (OMX) Machinery Industry Analysis

UpdatedJun 27, 2026
DataAggregated Company Financials
Companies38
  • 7D-2.4%
  • 3M12.7%
  • 1Y24.7%
  • YTD12.3%

In the last week, the Machinery industry is flat overall, with Atlas Copco standing out by going down 3.3%. As for the the longer term, the industry is up 31% over the past 12 months. 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
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
Sun, 06 Aug 2023SEK 2.2tSEK 1.2tSEK 111.4b24.1x19.6x1.8x
Tue, 04 Jul 2023SEK 2.2tSEK 1.1tSEK 106.2b24.1x20.9x1.9x
Price to Earnings Ratio

20.9x


Total Market Cap: SEK 2.2tTotal Earnings: SEK 106.2bTotal Revenue: SEK 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 21.3x202420252026
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 28.5x which is higher than its 3-year average PE of 21.3x.
  • 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-0.81%
Industrials-1.86%
Machinery-2.41%
Construction Machinery and Vehicles-1.94%
Agricultural Machinery-2.54%
Industrial Machinery-2.64%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 26.0x.
    • Analysts are expecting annual earnings growth of 11.7%, which is higher than its past year's earnings decline of 15.5% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 23.9x.
Forecasted Growth
  • Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings decline of 6.6% per year.
  • In contrast, the Agricultural 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 324.600.9%
+SEK 6.1b		20.6%PE20.1x
INDT IndutradeSEK 198.004.7%
+SEK 3.2b		-24.5%PE28.4x
ALFA Alfa LavalSEK 559.201.2%
+SEK 2.7b		39.6%PE28.3x
ALIG Alimak GroupSEK 119.002.2%
+SEK 275.2m		-18.9%PE22.2x
ARENIT SDB Arenit IndustrieSEK 80.009.6%
+SEK 166.9m		n/an/a

Latest News

SKF B
SEK 246.30
AB SKF
7D
0.08%
1Y
12.0%
Narrative Update • Jun 25

SKF B: Mixed Rating Shifts And AI Partnership Will Shape Balanced Outlook

The analyst price target for AB SKF has been raised by SEK 2 to reflect slightly higher fair value estimates, with analysts citing modestly adjusted assumptions for revenue, profit margins, and future P/E as key drivers of the change. Analyst Commentary Recent Street research on AB SKF shows a mix of optimism and caution, with several firms adjusting price targets and ratings as they reassess assumptions around earnings power, execution, and appropriate P/E levels.
VOLV B
SEK 324.60
AB Volvo
7D
0.9%
1Y
20.6%
Narrative Update • Jun 24

VOLV B: Autonomous And Hydrogen Truck Progress Will Support Stronger Long Term Earnings

The analyst price target for AB Volvo has been raised to SEK 395 from SEK 385. Analysts point to the company's perceived structural strength, highlighted at recent events, as a key support for the updated valuation assumptions.
ATCO A
SEK 189.45
Atlas Copco
7D
-3.3%
1Y
22.4%
Narrative Update • Jun 24

ATCO A: Dividend Payouts And Split Ratings Will Shape Future Returns

The analyst price target for Atlas Copco has been lifted by analysts to SEK 199.33 from SEK 194.43, reflecting updated assumptions around revenue growth, profit margins, a slightly higher future P/E multiple, and recent mixed but generally supportive Street research on the stock. Analyst Commentary Recent Street research on Atlas Copco presents a mix of upbeat and cautious views, with several analysts adjusting price targets in both directions and a couple of rating upgrades.
VBG B
SEK 307.50
VBG Group
7D
-3.5%
1Y
18.1%
Narrative Update • Jun 23

VBG B: Czech Production Consolidation Will Support Future Upside Repricing Potential

VBG Group's analyst price target has been held broadly steady around SEK 435. Analysts point to only minor tweaks in discount rate, revenue growth, profit margin and future P/E assumptions rather than any major shift in their overall view.
EPI A
SEK 255.90
Epiroc
7D
-7.7%
1Y
20.5%
Narrative Update • Jun 22

EPI A: Autonomy Expansion And Equipment Partnerships Will Support Steady Future P/E

Analysts have nudged their fair value estimate for Epiroc up slightly from SEK 272.20 to SEK 274.35, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. What's in the News Epiroc won an order from Heidelberg Materials to adapt and implement its LinkOA autonomous solution for driverless haul trucks at a quarry in Western Australia, extending LinkOA from mining into the aggregates sector.
SAND
SEK 385.70
Sandvik
7D
-5.2%
1Y
75.8%
Analysis Article • Jun 20

Sandvik (OM:SAND) Stock Looks 5.9% Overvalued After Barminco Mining Order

Sandvik’s new Barminco order puts mining demand in focus Sandvik (OM:SAND) has secured a SEK 350 million equipment order from Australian mining contractor Barminco for the Bellevue Gold Project, including underground loaders, trucks, drill rigs, and ongoing tools and service support. See our latest analysis for Sandvik. Sandvik’s recent SEK 350 million Barminco contract comes as momentum in the stock has been strong, with a 90 day share price return of 21.73% and a 1 year total shareholder...
INDT
SEK 198.00
Indutrade
7D
4.7%
1Y
-24.5%
Narrative Update • Jun 18

INDT: Fair Outlook Will Balance Lower P/E Assumptions And Createc Acquisition

Indutrade's analyst price target has been revised from SEK 230 to SEK 211, as analysts factor in updated assumptions on discount rates, revenue growth, profit margins and future P/E multiples, in line with recent Street research. What’s in the News for Indutrade Indutrade has signed an agreement to acquire all shares in Createc GmbH & Co. KG, a German specialist in high-performance composite components serving medical instruments, sealing solutions, pump bearing applications, medical technology, energy and process industry customers.
ENGCON B
SEK 62.60
engcon
7D
-5.3%
1Y
-31.2%
Narrative Update • Jun 18

ENGCON B: Legal Victory And Leadership Transition Will Support Future Upside

Analysts have kept their SEK fair value estimate for engcon unchanged at SEK 82, citing broadly stable assumptions for the discount rate, revenue growth, profit margin and future P/E. What’s in the News for engcon Krister Blomgren is set to leave the role as CEO of engcon AB (publ) after around 15 years in the position, following discussions with the company’s board.
CCC
SEK 12.75
Cavotec Group
7D
5.4%
1Y
n/a
HUSQ B
SEK 37.86
Husqvarna
7D
-2.6%
1Y
-25.5%
Narrative Update • Jun 17

HUSQ B: Business Exit And SEB Upgrade Will Support Future Re Rating

The updated analyst price target for Husqvarna now stands at SEK 50.25, up from SEK 47.75, with analysts citing revised assumptions on revenue growth, profit margins, and future P/E multiples following recent research updates, including the SEB Equities upgrade. What’s in the News for Husqvarna Husqvarna plans to discontinue its non core stone diamond tools business within the Construction Division.
ALIG
SEK 119.00
Alimak Group
7D
2.2%
1Y
-18.9%
Narrative Update • Jun 17

ALIG: Stable Margins And Lower Risk Assumptions Will Support Future Upside Potential

Analysts have kept their SEK 143.0 price target for Alimak Group broadly in line with prior estimates, citing only small tweaks to inputs such as the discount rate, revenue growth assumptions, profit margin outlook and future P/E expectations. What’s in the News for Alimak Group No recent company specific news items for Alimak Group were identified in the provided sources.
TREL B
SEK 413.60
Trelleborg
7D
-1.6%
1Y
14.4%
Narrative Update • Jun 17

TREL B: Future View Will Weigh Gomet Deal Against Expanded Buybacks

The analyst price target for Trelleborg has moved slightly higher to SEK 420, supported by analysts pointing to updated assumptions on growth, margins and discount rate, alongside recent Street views that include an upgrade to Buy with a SEK 460 target and a separate SEK 10 reduction from Citi. Analyst Commentary Recent Street research on Trelleborg gives a mixed but useful read on how the stock is being viewed, with one upgrade alongside a small price target trim that both feed into the current SEK 420 analyst price target.
ALFA
SEK 559.20
Alfa Laval
7D
1.2%
1Y
39.6%
Narrative Update • Jun 17

ALFA: Fair Outlook Balances Mixed Rating Shifts With Execution Risks

Alfa Laval's analyst price target has been adjusted within a mixed research backdrop, as some firms have trimmed SEK based targets while others have raised them. Analysts generally point to updated assumptions on discount rates, profitability and P/E expectations to support their revised views.
FREEM
SEK 2.08
Freemelt Holding
7D
26.4%
1Y
-3.3%
EPRO B
SEK 42.40
Electrolux Professional
7D
-7.4%
1Y
-38.0%
Narrative Update • Jun 12

EPRO B: Scandinavian Design Experiences Will Support Future Upside Potential

Analysts have maintained their fair value target for Electrolux Professional at SEK 67, making only small adjustments to assumptions such as the discount rate and future P/E to reflect updated risk and earnings expectations. What's in the News Electrolux Group, under the Electrolux brand, presented "The Swedish Home" installation at Milan Design Week 2026, focusing on calm, clarity and emotional wellbeing in modern homes, rooted in Scandinavian design principles.
ARENIT SDB
SEK 80.00
Arenit Industrie
7D
9.6%
1Y
n/a