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Swedish (OMX) Machinery Industry Analysis

UpdatedJan 29, 2026
DataAggregated Company Financials
Companies37
  • 7D1.6%
  • 3M13.5%
  • 1Y7.0%
  • YTD8.9%

Over the last 7 days, the Machinery industry has risen 1.6%, and Epiroc contributed the most with a gain of 9.0%. This means that the industry has gained 7.0% over the past year. Looking forward, 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
Thu, 29 Jan 2026SEK 2.8tSEK 1.2tSEK 108.6b24.9x26.2x2.4x
Sat, 27 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.4x23.4x2.2x
Mon, 24 Nov 2025SEK 2.4tSEK 1.2tSEK 109.9b23.2x21.9x2.1x
Wed, 22 Oct 2025SEK 2.5tSEK 1.2tSEK 111.1b23.6x22.4x2.1x
Fri, 19 Sep 2025SEK 2.5tSEK 1.2tSEK 113.3b23.3x21.6x2.1x
Sun, 17 Aug 2025SEK 2.4tSEK 1.2tSEK 113.3b23.9x21.1x2x
Tue, 15 Jul 2025SEK 2.4tSEK 1.2tSEK 123.4b24.2x19.4x2x
Thu, 12 Jun 2025SEK 2.4tSEK 1.2tSEK 123.4b23.7x19.1x1.9x
Sat, 10 May 2025SEK 2.3tSEK 1.2tSEK 123.3b21.6x18.7x1.9x
Mon, 07 Apr 2025SEK 2.1tSEK 1.2tSEK 125.5b21.2x17.1x1.8x
Wed, 05 Mar 2025SEK 2.6tSEK 1.2tSEK 125.4b25.3x20.6x2.1x
Fri, 31 Jan 2025SEK 2.7tSEK 1.2tSEK 124.2b29.1x21.5x2.2x
Sun, 29 Dec 2024SEK 2.4tSEK 1.2tSEK 124.3b26.4x19.5x2x
Tue, 26 Nov 2024SEK 2.4tSEK 1.2tSEK 124.4b24.8x19.7x2x
Thu, 24 Oct 2024SEK 2.5tSEK 1.2tSEK 124.3b27.8x20.3x2.1x
Sat, 21 Sep 2024SEK 2.5tSEK 1.2tSEK 130.0b26.2x19.4x2x
Mon, 19 Aug 2024SEK 2.5tSEK 1.2tSEK 129.9b24.4x19.3x2x
Wed, 17 Jul 2024SEK 2.7tSEK 1.2tSEK 125.4b26.2x21.3x2.1x
Fri, 14 Jun 2024SEK 2.7tSEK 1.2tSEK 125.4b27.3x21.8x2.2x
Sun, 12 May 2024SEK 2.7tSEK 1.2tSEK 125.4b27.7x21.8x2.2x
Tue, 09 Apr 2024SEK 2.6tSEK 1.2tSEK 127.0b24.7x20.7x2.1x
Thu, 07 Mar 2024SEK 2.6tSEK 1.2tSEK 127.0b22.5x20.1x2x
Sat, 03 Feb 2024SEK 2.4tSEK 1.3tSEK 126.7b21.9x18.8x1.9x
Mon, 01 Jan 2024SEK 2.4tSEK 1.2tSEK 119.8b22.3x20.2x2x
Wed, 29 Nov 2023SEK 2.2tSEK 1.2tSEK 119.8b21.9x18.8x1.8x
Fri, 27 Oct 2023SEK 2.1tSEK 1.2tSEK 117.8b21.3x17.4x1.7x
Sun, 24 Sep 2023SEK 2.1tSEK 1.2tSEK 111.4b22.4x19.1x1.8x
Tue, 22 Aug 2023SEK 2.1tSEK 1.2tSEK 111.3b20.6x19x1.8x
Thu, 20 Jul 2023SEK 2.2tSEK 1.2tSEK 110.8b24.6x19.4x1.8x
Sat, 17 Jun 2023SEK 2.2tSEK 1.1tSEK 106.2b24.1x21.1x2x
Mon, 15 May 2023SEK 2.2tSEK 1.1tSEK 106.1b23.6x20.3x1.9x
Wed, 12 Apr 2023SEK 2.0tSEK 1.1tSEK 97.3b22.2x21x1.9x
Fri, 10 Mar 2023SEK 2.1tSEK 1.1tSEK 97.3b22.8x21.1x1.9x
Sun, 05 Feb 2023SEK 2.1tSEK 1.1tSEK 98.2b23x21.5x2x
Price to Earnings Ratio

21.5x


Total Market Cap: SEK 2.1tTotal Earnings: SEK 98.2bTotal 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 26.2x 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 2.4x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 3.4% per year over the last three years.
  • Revenues for these companies have grown 2.7% 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 Market1.03%
Industrials0.40%
Machinery1.59%
Construction Machinery and Vehicles5.33%
Agricultural Machinery0.15%
Industrial Machinery-0.25%
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 9.8%, 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 25.7x.
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 9.8% 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
EPI A EpirocSEK 254.9013.2%
+SEK 36.0b		18.8%PE35.8x
SAND SandvikSEK 354.107.1%
+SEK 29.4b		53.1%PE30.2x
VOLV B AB VolvoSEK 323.002.3%
+SEK 14.6b		3.1%PE19.1x
ALFA Alfa LavalSEK 514.000.9%
+SEK 1.8b		3.8%PE25.5x
SKF B AB SKFSEK 251.801.1%
+SEK 1.3b		10.5%PE23.6x

Latest News

VOLV B
SEK 323.00
AB Volvo
7D
2.3%
1Y
3.1%
SAND
SEK 354.10
Sandvik
7D
7.1%
1Y
53.1%
ATCO A
SEK 183.50
Atlas Copco
7D
-3.7%
1Y
-0.3%
EPI A
SEK 254.90
Epiroc
7D
13.2%
1Y
18.8%

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

Jan 29
Epiroc (STO:EPI A) Has Affirmed Its Dividend Of SEK1.90
TREL B
SEK 362.60
Trelleborg
7D
-4.5%
1Y
-13.5%
BEIA B
SEK 270.50
Beijer Alma
7D
-5.4%
1Y
54.2%
INDT
SEK 210.20
Indutrade
7D
-7.3%
1Y
-31.0%

INDT: Expanded Acquisition Pipeline Will Support Long-Term Earnings Resilience

Analysts have trimmed their price target on Indutrade slightly to SEK 314.62 from SEK 320.21, citing updated assumptions that combine a small adjustment to discount rates with modest tweaks to growth, margins and the future P/E multiple. What's in the News Indutrade AB is actively looking for acquisitions, with management emphasizing a continued focus on acquiring "Indutrade like" companies rather than changing its approach.
ALFA
SEK 514.00
Alfa Laval
7D
0.9%
1Y
3.8%

ALFA: Rising P E Multiples Will Exceed Comfortable Execution Risk Limits

Analysts have increased their fair value estimate for Alfa Laval from SEK 348.52 to SEK 420.00. This change reflects updated assumptions around growth, profitability and P/E multiples, in line with higher Street price targets rising from SEK 468 to SEK 540.
HUSQ B
SEK 44.77
Husqvarna
7D
-3.8%
1Y
-26.0%

Why Husqvarna AB (publ) (STO:HUSQ B) Could Be Worth Watching

Jan 22
Why Husqvarna AB (publ) (STO:HUSQ B) Could Be Worth Watching
SKF B
SEK 251.80
AB SKF
7D
1.1%
1Y
10.5%

SKF B: Index Inclusion And Clean Tech Initiatives Will Temper Mixed Rating Outlook

Analysts have nudged their fair value estimate for AB SKF to SEK 268.53 from SEK 264.44, reflecting recent Street research in which some firms raised price targets while others turned more cautious on growth assumptions and valuation multiples. Analyst Commentary Bullish Takeaways Bullish analysts lifting price targets toward the mid SEK 200s signal confidence that the current share price still leaves room for upside in their models.
ENGCON B
SEK 78.30
engcon
7D
1.2%
1Y
-24.7%

engcon (STO:ENGCON B) Knows How To Allocate Capital Effectively

Jan 21
engcon (STO:ENGCON B) Knows How To Allocate Capital Effectively
TROAX
SEK 147.60
Troax Group
7D
-1.6%
1Y
-36.4%
OXE
SEK 0.38
OXE Marine
7D
23.1%
1Y
-0.5%

Here's Why OXE Marine (STO:OXE) Can Afford Some Debt

Jan 16
Here's Why OXE Marine (STO:OXE) Can Afford Some Debt
ALIG
SEK 136.60
Alimak Group
7D
-1.7%
1Y
17.8%

Alimak Group AB (publ)'s (STO:ALIG) Share Price Not Quite Adding Up

Jan 16
Alimak Group AB (publ)'s (STO:ALIG) Share Price Not Quite Adding Up
EPRO B
SEK 62.40
Electrolux Professional
7D
3.7%
1Y
-18.6%
VBG B
SEK 396.80
VBG Group
7D
-0.8%
1Y
21.9%