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Swedish (OMX) Machinery Industry Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies38
  • 7D2.6%
  • 3M7.1%
  • 1Y36.2%
  • YTD13.4%

In the last week, the Machinery industry is up 2.6%, with Atlas Copco up 5.4%. In the last 12 months, the industry was up 36%. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026SEK 3.0tSEK 1.2tSEK 106.7b25.4x27.8x2.6x
Thu, 19 Mar 2026SEK 2.7tSEK 1.2tSEK 106.7b22.2x25.6x2.4x
Sat, 14 Feb 2026SEK 3.0tSEK 1.1tSEK 106.7b24.6x27.9x2.6x
Mon, 12 Jan 2026SEK 2.7tSEK 1.2tSEK 109.9b25x24.9x2.3x
Wed, 10 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.4x23.5x2.2x
Fri, 07 Nov 2025SEK 2.4tSEK 1.2tSEK 110.0b24.4x22.2x2.1x
Sun, 05 Oct 2025SEK 2.5tSEK 1.2tSEK 113.3b22.9x22.2x2.1x
Tue, 02 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b23x21.3x2x
Thu, 31 Jul 2025SEK 2.4tSEK 1.2tSEK 113.3b24x21.3x2x
Sat, 28 Jun 2025SEK 2.4tSEK 1.2tSEK 123.4b24.6x19.1x1.9x
Mon, 26 May 2025SEK 2.3tSEK 1.2tSEK 123.4b21.9x18.8x1.9x
Wed, 23 Apr 2025SEK 2.2tSEK 1.2tSEK 128.0b21.2x17.1x1.8x
Fri, 21 Mar 2025SEK 2.6tSEK 1.2tSEK 125.4b25.3x20.7x2.1x
Sun, 16 Feb 2025SEK 2.7tSEK 1.2tSEK 125.6b27.1x21.8x2.3x
Tue, 14 Jan 2025SEK 2.5tSEK 1.2tSEK 124.3b25.2x19.7x2x
Thu, 12 Dec 2024SEK 2.6tSEK 1.2tSEK 124.3b26.5x20.5x2.1x
Sat, 09 Nov 2024SEK 2.6tSEK 1.2tSEK 124.4b27.3x20.6x2.1x
Mon, 07 Oct 2024SEK 2.6tSEK 1.2tSEK 130.0b25.3x20.4x2.1x
Wed, 04 Sep 2024SEK 2.5tSEK 1.2tSEK 130.0b27.1x19.4x2x
Fri, 02 Aug 2024SEK 2.5tSEK 1.2tSEK 129.9b24.6x19.4x2x
Sun, 30 Jun 2024SEK 2.6tSEK 1.2tSEK 125.4b26.5x21x2.1x
Tue, 28 May 2024SEK 2.8tSEK 1.2tSEK 125.4b25.6x22x2.2x
Thu, 25 Apr 2024SEK 2.6tSEK 1.2tSEK 125.6b26x20.9x2.1x
Sat, 23 Mar 2024SEK 2.7tSEK 1.2tSEK 127.0b24.6x21.3x2.2x
Mon, 19 Feb 2024SEK 2.5tSEK 1.2tSEK 126.9b22.8x19.4x2x
Wed, 17 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b21.9x19.3x1.9x
Fri, 15 Dec 2023SEK 2.4tSEK 1.2tSEK 119.8b21.8x19.9x1.9x
Sun, 12 Nov 2023SEK 2.1tSEK 1.2tSEK 118.5b20.9x17.9x1.7x
Tue, 10 Oct 2023SEK 2.1tSEK 1.2tSEK 111.4b22.1x18.8x1.7x
Thu, 07 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b22.2x19.7x1.8x
Sat, 05 Aug 2023SEK 2.2tSEK 1.2tSEK 111.4b24.1x19.6x1.8x
Mon, 03 Jul 2023SEK 2.2tSEK 1.1tSEK 106.2b24.8x21x1.9x
Wed, 31 May 2023SEK 2.2tSEK 1.1tSEK 106.3b23.2x20.5x1.9x
Fri, 28 Apr 2023SEK 2.2tSEK 1.1tSEK 104.2b23x20.8x1.9x
Price to Earnings Ratio

20.8x


Total Market Cap: SEK 2.2tTotal Earnings: SEK 104.2bTotal Revenue: SEK 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 20.8x202420252026
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 20.8x.
  • The 3-year average PS ratio of 2.0x 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 Market2.74%
Industrials2.90%
Machinery2.58%
Industrial Machinery3.82%
Agricultural Machinery2.94%
Construction Machinery and Vehicles0.14%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 25.7x.
    • Analysts are expecting annual earnings growth of 10.4%, which is higher than its past year's earnings decline of 8.3% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 24.7x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 14% 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 10% 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 189.005.4%
+SEK 47.2b		26.5%PE34.8x
INDT IndutradeSEK 253.4014.1%
+SEK 11.4b		-3.7%PE36.1x
ALFA Alfa LavalSEK 565.202.1%
+SEK 4.9b		44.5%PE28.2x
VOLV B AB VolvoSEK 322.800.7%
+SEK 4.5b		28.4%PE19.1x
SKF B AB SKFSEK 247.604.1%
+SEK 4.4b		42.6%PE28.7x

Latest News

EPRO B
SEK 54.50
Electrolux Professional
7D
-0.5%
1Y
-1.4%
BEIA B
SEK 275.50
Beijer Alma
7D
4.6%
1Y
56.7%
TREL B
SEK 390.60
Trelleborg
7D
3.4%
1Y
24.4%

TREL B: Future View Will Balance Conviction List Status And Trimmed Expectations

Analysts have lowered the Trelleborg price target by SEK 10 to SEK 405.9, reflecting slightly revised assumptions on the discount rate, revenue growth, profit margin and future P/E, while still emphasizing the company’s focus on structural growth areas. Analyst Commentary Recent research updates on Trelleborg show a mix of optimism on the company’s focus areas and caution around the assumptions used to value the shares.
INDT
SEK 253.40
Indutrade
7D
14.1%
1Y
-3.7%

INDT: Refined Assumptions And Acquisition Plans Will Shape Fairly Valued Outlook

Analysts have trimmed their SEK price target on Indutrade slightly to around SEK 260, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E after recent research commentary and an upgrade at Kepler Cheuvreux. Analyst Commentary Recent research commentary around the upgrade has focused on how Indutrade’s current valuation lines up with its execution track record and assumptions for growth, margins and future P/E.
VOLV B
SEK 322.80
AB Volvo
7D
0.7%
1Y
28.4%

VOLV B: Hydrogen Zero Emission Progress Will Support Stronger Long Term Earnings Power

The analyst fair value estimate for AB Volvo has been adjusted slightly higher to SEK 385 from SEK 380, as analysts balance recent target cuts with ongoing target increases and updated assumptions on revenue growth, profit margins, and future P/E levels. Analyst Commentary Recent research on AB Volvo shows a mix of caution and optimism, with the revised fair value estimate sitting slightly above many of the latest price targets cited in Street research.
ALFA
SEK 565.20
Alfa Laval
7D
2.1%
1Y
44.5%

ALFA: Elevated P E Multiples Will Test Tanker Order Momentum

Analyst price targets for Alfa Laval have been adjusted modestly higher, with recent SEK-based target increases at Citi, JPMorgan, Deutsche Bank, and Morgan Stanley partly offset by a downgrade at Pareto. Analysts highlight order momentum in tankers and a valuation they view as more reasonable.
ATCO A
SEK 189.00
Atlas Copco
7D
5.4%
1Y
26.5%
VBG B
SEK 357.00
VBG Group
7D
-1.7%
1Y
33.6%

VBG B: Stable Margins And Steady Assumptions Will Support Future Repricing

Analysts maintained the fair value for VBG Group at SEK445, making only minor adjustments to inputs such as the discount rate, revenue growth, profit margin and future P/E assumptions that support this stable price target assessment. Valuation Changes Fair Value: Held steady at SEK445, with no change between the previous and updated estimate.
SALT B
SEK 3.82
SaltX Technology Holding
7D
-2.4%
1Y
-18.7%
EPI A
SEK 251.60
Epiroc
7D
-1.0%
1Y
32.2%
SKF B
SEK 247.60
AB SKF
7D
4.1%
1Y
42.6%
SAND
SEK 398.80
Sandvik
7D
0.4%
1Y
114.1%

SAND: Fair Value View Balances Mining Upswing Orders With Restructuring And Dividend

Sandvik's analyst fair value estimate has been updated from SEK 380 to SEK 430 as analysts factor in higher forecast revenue growth, slightly stronger margins, and a modestly lower assumed discount rate, in line with a series of recent price target revisions across the Street. Analyst Commentary Recent Street research on Sandvik shows a mix of views, but with a clear cluster of bullish analysts lifting price targets over the past few months.
OPTI
SEK 1.88
OptiCept Technologies
7D
-3.4%
1Y
-55.2%
OXE
SEK 0.26
OXE Marine
7D
-7.9%
1Y
-5.5%
AGES B
SEK 52.00
AGES Industri
7D
-1.9%
1Y
-8.8%
BAWAT
SEK 1.05
Bawat Water Technologies
7D
-11.0%
1Y
15.4%