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

Swedish (OMX) Machinery Industry Analysis

UpdatedSep 22, 2026
DataAggregated Company Financials
Companies39
  • 7D2.4%
  • 3M3.4%
  • 1Y24.6%
  • YTD16.1%

The Machinery industry is up 2.4% in the last week, with Atlas Copco up 4.5%. This means that the industry has gained 25% over the past year. 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
Tue, 22 Sep 2026SEK 3.0tSEK 1.2tSEK 111.1b23.8x27.3x2.6x
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
Price to Earnings Ratio

19.1x


Total Market Cap: SEK 2.1tTotal Earnings: SEK 111.4bTotal Revenue: SEK 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 21.9x202420252026
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 27.3x which is higher than its 3-year average PE of 21.9x.
  • 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 Market1.84%
Industrials2.85%
Machinery2.39%
Industrial Machinery3.37%
Construction Machinery and Vehicles0.62%
Agricultural Machinery-5.85%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 26.6x.
    • Analysts are expecting annual earnings growth of 13.1%, 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 22.7x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Industrial Machinery 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
ATCO A Atlas CopcoSEK 202.004.5%
+SEK 42.7b		25.2%PE37x
EPI A EpirocSEK 257.304.9%
+SEK 14.5b		29.4%PE35.2x
SAND SandvikSEK 375.402.1%
+SEK 9.8b		45.8%PE27.9x
ALFA Alfa LavalSEK 556.404.2%
+SEK 9.2b		28.2%PE28.1x
INDT IndutradeSEK 248.803.0%
+SEK 2.6b		9.2%PE33.8x

Latest News

BEIA B
SEK 304.00
Beijer Alma
7D
4.6%
1Y
16.3%
Analysis Article • 10h

With EPS Growth And More, Beijer Alma (STO:BEIA B) Makes An Interesting Case

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
HUSQ B
SEK 34.48
Husqvarna
7D
-5.9%
1Y
-29.9%
Narrative Update • Sep 18

HUSQ B: FCC Approval And Product Expansion Will Support A Steady Path

Analysts have revised their fair value estimate for Husqvarna to SEK 35 from SEK 39, reflecting a recent reduction in the Street price target to SEK 40 from SEK 45 as they reassess assumptions on growth, margins and future P/E levels. What’s in the News for Husqvarna Husqvarna Group received Conditional Approval from the U.S. Federal Communications Commission for four foreign-produced advanced robotic mower platforms, according to the FCC’s Public Safety and Homeland Security Bureau on 9 September 2026.
ARENIT SDB
SEK 92.20
Arenit Industrie
7D
-11.3%
1Y
n/a
SAND
SEK 375.40
Sandvik
7D
2.1%
1Y
45.8%
ATCO A
SEK 202.00
Atlas Copco
7D
4.5%
1Y
25.2%
Narrative Update • Sep 17

ATCO A: Capex Upcycle And New Service Center Will Drive Future Earnings Power

The analyst price target for Atlas Copco has been adjusted from SEK 250 to SEK 256, with analysts pointing to updated revenue growth assumptions and a series of recent target increases across the Street as key factors behind the change. Analyst Commentary Recent Street research on Atlas Copco points to a cluster of bullish analysts lifting price targets and, in one case, upgrading the stock.
VOLV B
SEK 331.10
AB Volvo
7D
-1.3%
1Y
21.4%
Narrative Update • Sep 15

VOLV B: Truck Order Momentum And Electrification Efforts Will Shape Balanced Future Returns

Analysts have lifted the blended price target for AB Volvo to around SEK 356, reflecting a series of recent target increases from SEK 290 up to SEK 376 that they link to stronger truck order trends and updated sales expectations across key regions. Analyst Commentary Recent research on AB Volvo highlights a split between more optimistic and more cautious views, with price targets now spread between SEK 290 and SEK 376 and ratings ranging from Buy to Underweight.
ALFA
SEK 556.40
Alfa Laval
7D
4.2%
1Y
28.2%
SKF B
SEK 268.50
AB SKF
7D
1.8%
1Y
13.8%
EPI A
SEK 257.30
Epiroc
7D
4.9%
1Y
29.4%
FLEXQ
SEK 36.80
FlexQube
7D
-4.2%
1Y
193.2%
FREEM
SEK 1.67
Freemelt Holding
7D
-10.3%
1Y
-14.5%
INDT
SEK 248.80
Indutrade
7D
3.0%
1Y
9.2%
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.
CCC
SEK 11.20
Cavotec Group
7D
-5.9%
1Y
-30.4%
ENGCON B
SEK 74.40
engcon
7D
9.3%
1Y
-3.1%
ALIG
SEK 120.80
Alimak Group
7D
-0.3%
1Y
-24.5%
XANO B
SEK 48.75
XANO Industri
7D
-0.8%
1Y
-14.0%