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Swedish (OMX) Machinery Industry Analysis

UpdatedJun 01, 2026
DataAggregated Company Financials
Companies38
  • 7D-1.6%
  • 3M-0.9%
  • 1Y25.4%
  • YTD10.0%

Over the last 7 days, the Machinery industry has dropped 1.6%, driven by Atlas Copco declining 5.3%. On the other hand Impact Coatings is actually up 28%. This takes the industry's 12 month performance to a gain of 25%. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Jun 2026SEK 2.9tSEK 1.1tSEK 104.8b25.5x27.5x2.5x
Thu, 30 Apr 2026SEK 2.8tSEK 1.1tSEK 105.1b25.2x26.8x2.5x
Sat, 28 Mar 2026SEK 2.6tSEK 1.2tSEK 106.7b21.2x24.4x2.3x
Mon, 23 Feb 2026SEK 3.0tSEK 1.2tSEK 106.7b25x28.3x2.6x
Wed, 21 Jan 2026SEK 2.8tSEK 1.2tSEK 109.9b24.9x25.2x2.4x
Fri, 19 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.2x23.4x2.2x
Sun, 16 Nov 2025SEK 2.4tSEK 1.2tSEK 109.9b24.1x22.2x2.1x
Tue, 14 Oct 2025SEK 2.5tSEK 1.2tSEK 113.3b22.9x21.9x2.1x
Thu, 11 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b23.2x21.3x2x
Sat, 09 Aug 2025SEK 2.4tSEK 1.2tSEK 113.3b24.1x21x2x
Mon, 07 Jul 2025SEK 2.4tSEK 1.2tSEK 123.4b23.9x19.1x1.9x
Wed, 04 Jun 2025SEK 2.3tSEK 1.2tSEK 123.4b24.4x18.7x1.9x
Fri, 02 May 2025SEK 2.3tSEK 1.2tSEK 123.3b21.1x18.4x1.9x
Sun, 30 Mar 2025SEK 2.5tSEK 1.2tSEK 125.5b23.6x19.7x2x
Tue, 25 Feb 2025SEK 2.7tSEK 1.2tSEK 125.5b26.9x21.6x2.2x
Thu, 23 Jan 2025SEK 2.6tSEK 1.2tSEK 124.3b27.6x20.9x2.1x
Sat, 21 Dec 2024SEK 2.4tSEK 1.2tSEK 124.3b26.1x19.4x2x
Mon, 18 Nov 2024SEK 2.5tSEK 1.2tSEK 124.4b25.5x19.8x2x
Wed, 16 Oct 2024SEK 2.6tSEK 1.2tSEK 130.0b25.2x19.7x2.1x
Fri, 13 Sep 2024SEK 2.4tSEK 1.2tSEK 130.0b25.9x18.8x2x
Sun, 11 Aug 2024SEK 2.4tSEK 1.2tSEK 129.9b24.5x18.7x2x
Tue, 09 Jul 2024SEK 2.6tSEK 1.2tSEK 125.4b26.8x20.9x2.1x
Thu, 06 Jun 2024SEK 2.7tSEK 1.2tSEK 125.4b25.3x21.6x2.2x
Sat, 04 May 2024SEK 2.6tSEK 1.2tSEK 125.4b26.7x20.9x2.1x
Mon, 01 Apr 2024SEK 2.6tSEK 1.2tSEK 127.0b24.9x20.4x2.1x
Wed, 28 Feb 2024SEK 2.5tSEK 1.2tSEK 127.0b24.6x19.8x2x
Fri, 26 Jan 2024SEK 2.3tSEK 1.2tSEK 120.4b21.4x19.3x1.9x
Sun, 24 Dec 2023SEK 2.4tSEK 1.2tSEK 119.8b22.2x20.1x2x
Tue, 21 Nov 2023SEK 2.2tSEK 1.2tSEK 119.8b21.7x18.7x1.8x
Thu, 19 Oct 2023SEK 2.1tSEK 1.2tSEK 116.8b21.9x18.1x1.7x
Sat, 16 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b22.2x19.4x1.8x
Mon, 14 Aug 2023SEK 2.2tSEK 1.2tSEK 111.4b23.5x19.4x1.8x
Wed, 12 Jul 2023SEK 2.2tSEK 1.1tSEK 106.2b24x20.5x1.9x
Fri, 09 Jun 2023SEK 2.2tSEK 1.1tSEK 106.2b24x21.1x2x
Price to Earnings Ratio

21.1x


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 21.1x202420252026
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 27.5x which is higher than its 3-year average PE of 21.1x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.5x.
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-1.63%
Industrials-1.45%
Machinery-1.57%
Construction Machinery and Vehicles1.28%
Agricultural Machinery-2.07%
Industrial Machinery-3.04%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 25.9x.
    • Analysts are expecting annual earnings growth of 11.5%, which is higher than its past year's earnings decline of 14.9% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 24.2x.
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 Industrial 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
IMPC Impact CoatingsSEK 4.0228.0%
+SEK 92.6m		22.9%PS8.2x
ARENIT SDB Arenit IndustrieSEK 76.603.2%
+SEK 57.2m		n/an/a
SINT SinterCastSEK 108.007.5%
+SEK 52.8m		-5.7%PE34.4x
SALT B SaltX Technology HoldingSEK 6.632.3%
+SEK 34.6m		49.8%PS27.4x
OPTI OptiCept TechnologiesSEK 2.4717.6%
+SEK 24.0m		-38.3%PS4.4x

Latest News

EPI A
SEK 266.50
Epiroc
7D
-1.1%
1Y
25.4%
INDT
SEK 187.60
Indutrade
7D
-8.6%
1Y
-27.3%
OPTI
SEK 2.47
OptiCept Technologies
7D
17.6%
1Y
-38.3%
TREL B
SEK 387.60
Trelleborg
7D
-3.7%
1Y
11.8%
PCOM B
SEK 1.71
Precomp Solutions
7D
34.6%
1Y
115.1%
SKF B
SEK 235.90
AB SKF
7D
-4.0%
1Y
12.7%
Narrative Update • May 28

SKF B: Mixed Rating Shifts Will Shape Balanced SEK 257 Return Profile

AB SKF’s updated analyst price target has been adjusted slightly lower to about SEK 257 as analysts weigh mixed recent target changes and ratings shifts against updated assumptions for growth, margins and P/E. Analyst Commentary Recent research shows a mix of upgraded ratings alongside both higher and lower price targets, which leaves the stock sitting in the middle of a tug of war between confidence in execution and questions around valuation and earnings power.
SINT
SEK 108.00
SinterCast
7D
7.5%
1Y
-5.7%
VOLV B
SEK 314.60
AB Volvo
7D
-2.3%
1Y
21.7%
Narrative Update • May 27

VOLV B: Elevated Hopes For Truck Margins Will Likely Pressure Future Returns

Analysts have lifted the fair value estimate for AB Volvo from SEK 262 to SEK 270, citing updated assumptions for slightly higher revenue growth, profit margins, and future P/E multiples, along with recent Street research that includes higher price targets and mixed but generally constructive coverage. Analyst Commentary Recent Street research on AB Volvo paints a mixed picture, with some firms raising price targets and others turning more cautious.
ARENIT SDB
SEK 76.60
Arenit Industrie
7D
3.2%
1Y
n/a
ALFA
SEK 511.20
Alfa Laval
7D
-7.3%
1Y
27.1%
Narrative Update • May 19

ALFA: Future Tanker Orders And Order Momentum Will Support Higher Fair Value Estimate

Narrative Update The analyst price target for Alfa Laval has been raised by SEK 29, with recent research citing updated views on order momentum and a more balanced valuation as the basis for this change. Analyst Commentary Recent research on Alfa Laval shows a mix of views, but there is a clear pocket of bullish analysts who see room for the stock to perform in line with, or better than, their updated valuation work.
SALT B
SEK 6.63
SaltX Technology Holding
7D
2.3%
1Y
49.8%
FLEXQ
SEK 24.80
FlexQube
7D
5.1%
1Y
394.0%
ATCO A
SEK 172.80
Atlas Copco
7D
-5.3%
1Y
13.7%
SAND
SEK 369.30
Sandvik
7D
-5.2%
1Y
77.8%
Narrative Update • May 08

SAND: Higher Multiple Expectations Will Likely Cap Returns Despite Mixed Sector Positioning

Analysts have lifted the Sandvik fair value estimate from SEK 329.30 to SEK 381.65. This reflects a series of recent price target increases in the SEK 12 to SEK 80 range and several upgrades that highlight expectations for higher revenue growth, slightly stronger margins and a higher future P/E multiple.
IMPC
SEK 4.02
Impact Coatings
7D
28.0%
1Y
22.9%
AERW B
SEK 2.49
Aerowash
7D
20.9%
1Y
-69.3%