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Swedish (OMX) Machinery Industry Analysis

UpdatedJul 12, 2026
DataAggregated Company Financials
Companies38
  • 7D-2.9%
  • 3M3.3%
  • 1Y23.1%
  • YTD14.2%

Over the last 7 days, the Machinery industry has dropped 2.9%, driven by declines in Atlas Copco and Sandvik of 3.2% and 5.1%, respectively. On the other hand Arenit Industrie is actually up 10%. In the past year, the industry has gained 23%. 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
Sun, 12 Jul 2026SEK 3.0tSEK 1.1tSEK 104.8b26.4x28.5x2.6x
Tue, 09 Jun 2026SEK 2.9tSEK 1.1tSEK 104.8b26.4x27.6x2.6x
Thu, 07 May 2026SEK 3.0tSEK 1.1tSEK 104.7b26.6x28.5x2.6x
Sat, 04 Apr 2026SEK 2.7tSEK 1.2tSEK 106.7b23.7x25.3x2.4x
Mon, 02 Mar 2026SEK 3.1tSEK 1.2tSEK 106.7b24.7x28.7x2.7x
Wed, 28 Jan 2026SEK 2.9tSEK 1.2tSEK 109.9b25x25.9x2.4x
Fri, 26 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.4x23.4x2.2x
Sun, 23 Nov 2025SEK 2.4tSEK 1.2tSEK 109.9b23.2x21.9x2.1x
Tue, 21 Oct 2025SEK 2.5tSEK 1.2tSEK 111.1b23.3x22.4x2.1x
Thu, 18 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b23.1x21.3x2x
Sat, 16 Aug 2025SEK 2.4tSEK 1.2tSEK 113.3b23.9x21.1x2x
Mon, 14 Jul 2025SEK 2.4tSEK 1.2tSEK 123.4b24.3x19.6x2x
Wed, 11 Jun 2025SEK 2.4tSEK 1.2tSEK 123.4b24x19.3x2x
Fri, 09 May 2025SEK 2.3tSEK 1.2tSEK 123.3b23.4x18.6x1.9x
Sun, 06 Apr 2025SEK 2.1tSEK 1.2tSEK 125.5b21.2x17.1x1.8x
Tue, 04 Mar 2025SEK 2.7tSEK 1.2tSEK 125.4b26.4x21.6x2.2x
Thu, 30 Jan 2025SEK 2.7tSEK 1.2tSEK 125.4b28.7x21.3x2.2x
Sat, 28 Dec 2024SEK 2.4tSEK 1.2tSEK 124.3b26.4x19.5x2x
Mon, 25 Nov 2024SEK 2.4tSEK 1.2tSEK 124.4b24.7x19.7x2x
Wed, 23 Oct 2024SEK 2.5tSEK 1.2tSEK 125.3b27.1x20.1x2.1x
Fri, 20 Sep 2024SEK 2.6tSEK 1.2tSEK 130.0b26.4x19.6x2x
Sun, 18 Aug 2024SEK 2.5tSEK 1.2tSEK 129.9b24.4x19.3x2x
Tue, 16 Jul 2024SEK 2.7tSEK 1.2tSEK 125.4b26.6x21.3x2.1x
Thu, 13 Jun 2024SEK 2.7tSEK 1.2tSEK 125.4b27.3x21.4x2.2x
Sat, 11 May 2024SEK 2.7tSEK 1.2tSEK 125.4b27.7x21.8x2.2x
Mon, 08 Apr 2024SEK 2.6tSEK 1.2tSEK 127.0b24.7x20.6x2.1x
Wed, 06 Mar 2024SEK 2.5tSEK 1.2tSEK 127.0b22.4x20x2x
Fri, 02 Feb 2024SEK 2.4tSEK 1.3tSEK 126.4b22.2x18.7x1.9x
Sun, 31 Dec 2023SEK 2.4tSEK 1.2tSEK 119.8b22.3x20.2x2x
Tue, 28 Nov 2023SEK 2.3tSEK 1.2tSEK 119.8b22x18.8x1.8x
Thu, 26 Oct 2023SEK 2.0tSEK 1.2tSEK 117.3b20.6x17.5x1.7x
Sat, 23 Sep 2023SEK 2.1tSEK 1.2tSEK 111.4b22.4x19.1x1.8x
Mon, 21 Aug 2023SEK 2.1tSEK 1.2tSEK 111.3b21x19x1.8x
Wed, 19 Jul 2023SEK 2.2tSEK 1.1tSEK 106.2b24.8x20.8x1.9x
Price to Earnings Ratio

20.8x


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 21.4x202420252026
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 28.5x which is higher than its 3-year average PE of 21.4x.
  • 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 Market-1.78%
Industrials-2.92%
Machinery-2.94%
Construction Machinery and Vehicles-1.32%
Industrial Machinery-3.73%
Agricultural Machinery-4.37%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 26.1x.
    • Analysts are expecting annual earnings growth of 12.0%, which is higher than its past year's earnings decline of 15.5% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 23.6x.
Forecasted Growth
  • Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings decline of 6.6% per year.
  • In contrast, the Agricultural Machinery industry is expected to see its earnings grow by 11% 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
ARENIT SDB Arenit IndustrieSEK 97.8010.1%
+SEK 214.6m		n/an/a
AGES B AGES IndustriSEK 52.509.8%
+SEK 34.0m		-10.7%PE23.5x
OPTI OptiCept TechnologiesSEK 3.116.1%
+SEK 15.4m		-17.7%PS7.3x
SINT SinterCastSEK 106.001.9%
+SEK 14.1m		-7.4%PE33.8x
BIOEX BioextraxSEK 2.784.9%
+SEK 6.2m		-15.8%PS99.8x

Latest News

AGES B
SEK 52.50
AGES Industri
7D
9.8%
1Y
-10.7%
SKF B
SEK 259.50
AB SKF
7D
-2.4%
1Y
16.4%
Narrative Update • Jul 10

SKF B: Recent Robotics Deals Will Likely Fail To Justify Rich Pricing

The analyst fair value estimate for AB SKF has been adjusted from SEK 205.0 to SEK 209.32, with analysts pointing to a series of recent price target revisions in the SEK 230 to SEK 280 range as support for the higher valuation. Analyst Commentary Recent research on AB SKF points to a mixed backdrop, with several large banks lifting price targets while pockets of caution remain.
ATCO A
SEK 191.10
Atlas Copco
7D
-3.2%
1Y
19.0%
Narrative Update • Jul 08

ATCO A: Rich P E And Dividend Payouts Will Test Sentiment

The analyst fair value estimate for Atlas Copco has been raised from SEK 140.20 to SEK 150.76, reflecting updated price targets and mixed, but generally supportive, recent Street research commentary from several firms. Analyst Commentary Recent Street research on Atlas Copco has been mixed, with some firms lifting price targets while others have trimmed their expectations or expressed more cautious views.
SAND
SEK 390.90
Sandvik
7D
-5.1%
1Y
70.2%
Narrative Update • Jul 06

SAND: Mining Orders And Filtration Acquisition Will Support Higher Future Fair Value

The analyst fair value estimate for Sandvik has been raised by SEK 10 to SEK 460, reflecting a mix of higher SEK 445, SEK 425 and other revised price targets from recent analyst updates on the stock. Analyst Commentary Recent research on Sandvik points to a mix of views, but the latest fair value adjustment is anchored in several bullish price target revisions that highlight confidence in the company’s execution and earnings power.
EPI A
SEK 257.60
Epiroc
7D
-3.6%
1Y
19.3%
Narrative Update • Jul 06

EPI A: Autonomy And Key Partnerships Will Support Stronger Long-Term Outlook

Analysts have raised their price target on Epiroc from SEK 280 to SEK 330, citing updated assumptions for revenue growth, profit margins and future P/E that they say support a higher fair value estimate. What’s in the News for Epiroc AlphaValue/Baader Europe upgraded Epiroc to Buy and raised its price target, with the firm citing increased confidence in Epiroc’s outlook (source: AlphaValue/Baader Europe).
TREL B
SEK 411.00
Trelleborg
7D
-2.0%
1Y
10.4%
Narrative Update • Jul 03

TREL B: Future View Will Balance Expanded Buybacks And Recent Rating Upgrade

Trelleborg’s analyst price target has been raised from SEK 420.09 to SEK 428.73, as analysts point to updated assumptions around fair value, revenue growth, profit margin and future P/E following recent positive Street research, including an upgrade to Buy with a SEK 460 target. What’s in the News for Trelleborg Trelleborg has commenced a share repurchase program from April 27, 2026, authorized to buy back up to 12,718,000 class B shares, equal to 5.45% of its issued share capital, with total treasury holdings capped at 10% of issued share capital.
INDT
SEK 210.40
Indutrade
7D
-1.6%
1Y
-21.7%
Narrative Update • Jul 02

INDT: Upgraded Rating And Refined Assumptions Will Support Future Upside Potential

Analysts have trimmed their fair value estimate for Indutrade to SEK 248.13 per share. This reflects an updated mix of a lower assumed future P/E, a slightly higher discount rate, and revised revenue growth and margin expectations that underpin recent price target changes ranging from SEK 211 to SEK 229.
OPTI
SEK 3.11
OptiCept Technologies
7D
6.1%
1Y
-17.7%
ALFA
SEK 560.00
Alfa Laval
7D
-4.9%
1Y
33.6%
Narrative Update • Jul 01

ALFA: Elevated P E Multiples Will Test Renewable Contract Execution Risks

The updated analyst price target for Alfa Laval now stands at SEK 420.61, compared with the prior SEK 430.00. This reflects a blend of recent target increases toward SEK 580 and reductions toward SEK 370 as analysts reassess assumptions on growth, margins and valuation multiples.
VOLV B
SEK 336.90
AB Volvo
7D
-0.2%
1Y
23.4%
Narrative Update • Jun 24

VOLV B: Autonomous And Hydrogen Truck Progress Will Support Stronger Long Term Earnings

The analyst price target for AB Volvo has been raised to SEK 395 from SEK 385. Analysts point to the company's perceived structural strength, highlighted at recent events, as a key support for the updated valuation assumptions.
BIOEX
SEK 2.78
Bioextrax
7D
4.9%
1Y
-15.8%
GARPCO B
SEK 260.00
Garpco Aktiebolag
7D
1.6%
1Y
8.3%
SINT
SEK 106.00
SinterCast
7D
1.9%
1Y
-7.4%
ARENIT SDB
SEK 97.80
Arenit Industrie
7D
10.1%
1Y
n/a
AERW B
SEK 2.49
Aerowash
7D
20.9%
1Y
-69.3%
BAWAT
SEK 1.14
Bawat Water Technologies
7D
5.6%
1Y
62.9%