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Swedish (OMX) Machinery Industry Analysis

UpdatedDec 09, 2025
DataAggregated Company Financials
Companies37
  • 7D3.6%
  • 3M7.5%
  • 1Y0.9%
  • YTD6.9%

Atlas Copco is up 3.9%, leading the way for the Machinery industry, which has gained 3.4%. The industry has been flat over the past 12 months despite the gain this week. 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, 09 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.6x23.8x2.2x
Thu, 06 Nov 2025SEK 2.5tSEK 1.2tSEK 110.0b24x22.4x2.1x
Sat, 04 Oct 2025SEK 2.5tSEK 1.2tSEK 113.3b22.9x22.2x2.1x
Mon, 01 Sep 2025SEK 2.4tSEK 1.2tSEK 113.2b23.1x21.3x2x
Wed, 30 Jul 2025SEK 2.4tSEK 1.2tSEK 113.3b24.7x21.2x2x
Fri, 27 Jun 2025SEK 2.3tSEK 1.2tSEK 123.4b23.9x18.5x1.9x
Sun, 25 May 2025SEK 2.3tSEK 1.2tSEK 123.4b21.9x18.8x1.9x
Tue, 22 Apr 2025SEK 2.2tSEK 1.2tSEK 128.0b21.1x17x1.8x
Thu, 20 Mar 2025SEK 2.6tSEK 1.2tSEK 125.4b25.4x20.9x2.2x
Sat, 15 Feb 2025SEK 2.7tSEK 1.2tSEK 125.6b27.1x21.8x2.3x
Mon, 13 Jan 2025SEK 2.5tSEK 1.2tSEK 124.3b25.2x19.9x2x
Wed, 11 Dec 2024SEK 2.6tSEK 1.2tSEK 124.3b26.6x20.6x2.1x
Fri, 08 Nov 2024SEK 2.6tSEK 1.2tSEK 124.4b27.7x20.9x2.1x
Sun, 06 Oct 2024SEK 2.6tSEK 1.2tSEK 130.0b25.3x20.4x2.1x
Tue, 03 Sep 2024SEK 2.6tSEK 1.2tSEK 129.9b26.5x19.7x2.1x
Thu, 01 Aug 2024SEK 2.6tSEK 1.2tSEK 130.0b24.9x20x2.1x
Sat, 29 Jun 2024SEK 2.6tSEK 1.2tSEK 125.4b26.5x21x2.1x
Mon, 27 May 2024SEK 2.8tSEK 1.2tSEK 125.4b25.6x22.1x2.2x
Wed, 24 Apr 2024SEK 2.5tSEK 1.2tSEK 125.3b23.5x20.3x2x
Fri, 22 Mar 2024SEK 2.7tSEK 1.2tSEK 127.0b24.5x21.2x2.2x
Sun, 18 Feb 2024SEK 2.5tSEK 1.2tSEK 126.9b22.8x19.4x2x
Tue, 16 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b21.9x19.3x1.9x
Thu, 14 Dec 2023SEK 2.3tSEK 1.2tSEK 119.8b21.4x19.5x1.9x
Sat, 11 Nov 2023SEK 2.1tSEK 1.2tSEK 118.5b20.9x17.9x1.7x
Mon, 09 Oct 2023SEK 2.1tSEK 1.2tSEK 111.4b22.6x19.2x1.8x
Wed, 06 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b22.1x19.6x1.8x
Fri, 04 Aug 2023SEK 2.2tSEK 1.2tSEK 111.4b24.1x19.5x1.8x
Sun, 02 Jul 2023SEK 2.2tSEK 1.1tSEK 106.2b24.8x21x1.9x
Tue, 30 May 2023SEK 2.2tSEK 1.1tSEK 106.2b23.9x20.5x1.9x
Thu, 27 Apr 2023SEK 2.1tSEK 1.1tSEK 104.3b22.3x20x1.9x
Sat, 25 Mar 2023SEK 1.9tSEK 1.1tSEK 97.3b22x19.9x1.8x
Mon, 20 Feb 2023SEK 2.1tSEK 1.1tSEK 97.4b22.7x21.1x1.9x
Wed, 18 Jan 2023SEK 2.0tSEK 1.0tSEK 101.9b19.4x20x2x
Fri, 16 Dec 2022SEK 1.9tSEK 1.0tSEK 101.9b16.7x19x1.9x
Price to Earnings Ratio

19x


Total Market Cap: SEK 1.9tTotal Earnings: SEK 101.9bTotal Revenue: SEK 1.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 20.2x202320242025
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 23.7x which is higher than its 3-year average PE of 20.2x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 2.6% per year over the last three years.
  • Revenues for these companies have grown 4.0% 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 Market0.65%
Industrials2.23%
Machinery3.63%
Construction Machinery and Vehicles4.56%
Industrial Machinery3.19%
Agricultural Machinery1.35%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 25.1x.
    • 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 25.4x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 25% 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
ATCO A Atlas CopcoSEK 169.004.7%
+SEK 36.8b		-6.7%PE29.8x
VOLV B AB VolvoSEK 296.204.7%
+SEK 27.0b		2.9%PE16.9x
EPI A EpirocSEK 211.504.5%
+SEK 11.1b		0.3%PE29.7x
SAND SandvikSEK 293.002.3%
+SEK 8.2b		35.8%PE24.9x
ALFA Alfa LavalSEK 463.203.9%
+SEK 7.2b		-5.3%PE23x

Latest News

TROAX
SEK 137.40
Troax Group
7D
-1.2%
1Y
-40.6%
ATCO A
SEK 169.00
Atlas Copco
7D
4.7%
1Y
-6.7%
VOLV B
SEK 296.20
AB Volvo
7D
4.7%
1Y
2.9%

VOLV B: Margin Resilience And Tariff Headwinds Will Shape Medium-Term Outlook

Analysts have nudged their blended fair value estimate for AB Volvo slightly lower, trimming the target by about SEK 1 to roughly SEK 289 per share. Modestly softer long term revenue growth assumptions and recent Street target cuts offset improving margin expectations and a still constructive rating mix.
ALFA
SEK 463.20
Alfa Laval
7D
3.9%
1Y
-5.3%

ALFA: Raised Guidance And Partnerships Will Support Balanced Long Term Performance

Alfa Laval's analyst fair value estimate has inched higher to approximately SEK 470 from about SEK 468, as analysts factor in modestly stronger long term revenue growth, slightly improved margins, and a higher forward earnings multiple reflected in recent price target increases and rating upgrades. Analyst Commentary Recent updates from bullish analysts highlight a constructive view on Alfa Laval's earnings power and execution, with price targets moving meaningfully above the current fair value estimate and prior expectations.
HUSQ B
SEK 45.79
Husqvarna
7D
1.4%
1Y
-31.3%

HUSQ B Ongoing Restructuring And AI Mowers Will Support Future Margin Recovery

Narrative Update on Husqvarna Analysts have trimmed their Husqvarna price target by SEK 5 to SEK 50, reflecting Q3 results that highlight innovation led growth but also ongoing structural challenges and limited upside until a clearer recovery and growth plan is presented. Analyst Commentary Recent commentary highlights a mixed outlook for Husqvarna, with analysts recognizing progress on innovation while questioning the timing and visibility of a sustained recovery in earnings and returns.
EPI A
SEK 211.50
Epiroc
7D
4.5%
1Y
0.3%

Epiroc AB (publ) (STO:EPI A) Investors Are Less Pessimistic Than Expected

Dec 02
Epiroc AB (publ) (STO:EPI A) Investors Are Less Pessimistic Than Expected
INDT
SEK 236.20
Indutrade
7D
1.6%
1Y
-17.5%

A Look At The Intrinsic Value Of Indutrade AB (publ) (STO:INDT)

Nov 30
A Look At The Intrinsic Value Of Indutrade AB (publ) (STO:INDT)
SAND
SEK 293.00
Sandvik
7D
2.3%
1Y
35.8%

SAND: Price Upgrades Will Drive Near-Term Momentum Amid Sector Headwinds

Sandvik's analyst price target has been increased, with new targets ranging up to SEK 335, as analysts cite continued improvements in fundamentals and sustained positive momentum across recent research updates. Analyst Commentary Recent analyst research reflects a range of perspectives on Sandvik's outlook, marked chiefly by several upward price target revisions as well as a notable downgrade amid the broader sector context.
SALT B
SEK 4.39
SaltX Technology Holding
7D
-8.4%
1Y
14.8%
SKF B
SEK 250.40
AB SKF
7D
1.1%
1Y
11.8%

SKF B: Outlook Will Balance Autos Spin-Off Potential And Sector Volatility

Analysts have slightly increased their fair value estimate for AB SKF from SEK 260.79 to SEK 266.86. This revision reflects stronger profit margins and expectations for improved long-term performance, despite recent variations in price targets among major research firms.
OPTI
SEK 2.90
OptiCept Technologies
7D
-13.9%
1Y
-44.2%
FREEM
SEK 1.53
Freemelt Holding
7D
-7.9%
1Y
-28.7%

Is Freemelt Holding (STO:FREEM) In A Good Position To Deliver On Growth Plans?

Nov 19
Is Freemelt Holding (STO:FREEM) In A Good Position To Deliver On Growth Plans?
AGES B
SEK 54.40
AGES Industri
7D
-4.6%
1Y
-17.6%
BEIA B
SEK 279.50
Beijer Alma
7D
-0.5%
1Y
51.6%

Market Participants Recognise Beijer Alma AB (publ)'s (STO:BEIA B) Earnings

Nov 17
Market Participants Recognise Beijer Alma AB (publ)'s (STO:BEIA B) Earnings
EPRO B
SEK 63.70
Electrolux Professional
7D
-3.5%
1Y
-8.1%
ENRAD
SEK 11.10
Enrad
7D
-7.5%
1Y
31.4%

We Think Enrad (NGM:ENRAD) Can Easily Afford To Drive Business Growth

Oct 14
We Think Enrad (NGM:ENRAD) Can Easily Afford To Drive Business Growth