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Swedish (OMX) Machinery Industry Analysis

UpdatedJul 10, 2026
DataAggregated Company Financials
Companies38
  • 7D-1.0%
  • 3M2.1%
  • 1Y20.7%
  • YTD13.7%

Over the last 7 days, the Machinery industry has dropped 2.6%, driven by a pullback from Atlas Copco of 1.0%. In the past year, the industry has gained 21%. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Jul 2026SEK 3.0tSEK 1.1tSEK 104.8b26.3x28.3x2.6x
Sun, 07 Jun 2026SEK 2.9tSEK 1.1tSEK 104.8b26.4x27.6x2.6x
Tue, 05 May 2026SEK 2.8tSEK 1.1tSEK 104.7b25.2x26.7x2.5x
Thu, 02 Apr 2026SEK 2.8tSEK 1.2tSEK 106.7b24.2x25.8x2.4x
Sat, 28 Feb 2026SEK 3.1tSEK 1.2tSEK 106.7b24.7x28.7x2.7x
Mon, 26 Jan 2026SEK 2.8tSEK 1.2tSEK 109.9b25.1x25.7x2.4x
Wed, 24 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.4x23.4x2.2x
Fri, 21 Nov 2025SEK 2.4tSEK 1.2tSEK 109.9b23.4x21.9x2x
Sun, 19 Oct 2025SEK 2.4tSEK 1.2tSEK 110.8b23.1x22x2.1x
Tue, 16 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b23.2x21.4x2x
Thu, 14 Aug 2025SEK 2.4tSEK 1.2tSEK 113.3b23.8x20.9x2x
Sat, 12 Jul 2025SEK 2.5tSEK 1.2tSEK 123.4b24.4x19.9x2x
Mon, 09 Jun 2025SEK 2.4tSEK 1.2tSEK 123.4b24.6x19.1x1.9x
Wed, 07 May 2025SEK 2.3tSEK 1.2tSEK 123.3b21.1x18.3x1.9x
Fri, 04 Apr 2025SEK 2.2tSEK 1.2tSEK 125.5b21.8x17.8x1.8x
Sun, 02 Mar 2025SEK 2.7tSEK 1.2tSEK 125.5b26.5x21.5x2.2x
Tue, 28 Jan 2025SEK 2.7tSEK 1.2tSEK 124.4b28.7x21.6x2.2x
Thu, 26 Dec 2024SEK 2.4tSEK 1.2tSEK 124.3b26.2x19.3x2x
Sat, 23 Nov 2024SEK 2.4tSEK 1.2tSEK 124.4b24.7x19.7x2x
Mon, 21 Oct 2024SEK 2.6tSEK 1.2tSEK 125.9b25.3x20.4x2.1x
Wed, 18 Sep 2024SEK 2.5tSEK 1.2tSEK 130.0b26.2x19.2x2x
Fri, 16 Aug 2024SEK 2.5tSEK 1.2tSEK 129.9b24.3x19.3x2x
Sun, 14 Jul 2024SEK 2.7tSEK 1.2tSEK 125.4b27.1x21.5x2.2x
Tue, 11 Jun 2024SEK 2.7tSEK 1.2tSEK 125.4b25.5x21.6x2.2x
Thu, 09 May 2024SEK 2.7tSEK 1.2tSEK 125.4b27.2x21.5x2.2x
Sat, 06 Apr 2024SEK 2.6tSEK 1.2tSEK 127.0b24.7x20.6x2.1x
Mon, 04 Mar 2024SEK 2.5tSEK 1.2tSEK 127.0b22.9x20x2x
Wed, 31 Jan 2024SEK 2.3tSEK 1.3tSEK 126.6b21.5x18.3x1.8x
Fri, 29 Dec 2023SEK 2.4tSEK 1.2tSEK 119.8b22.1x20.2x2x
Sun, 26 Nov 2023SEK 2.2tSEK 1.2tSEK 119.8b22.1x18.7x1.8x
Tue, 24 Oct 2023SEK 2.0tSEK 1.2tSEK 117.2b21.3x17.2x1.7x
Thu, 21 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b22.7x19.6x1.8x
Sat, 19 Aug 2023SEK 2.1tSEK 1.2tSEK 111.3b21x19x1.8x
Mon, 17 Jul 2023SEK 2.2tSEK 1.1tSEK 106.2b24.5x20.4x1.9x
Price to Earnings Ratio

20.4x


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 21.3x202420252026
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 21.3x.
  • 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-0.65%
Industrials-1.35%
Machinery-1.00%
Construction Machinery and Vehicles-0.19%
Industrial Machinery-1.38%
Agricultural 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 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
VOLV B AB VolvoSEK 334.400.6%
+SEK 4.3b		20.7%PE20.7x
INDT IndutradeSEK 208.800.5%
+SEK 364.3m		-24.0%PE30x
ARENIT SDB Arenit IndustrieSEK 97.009.0%
+SEK 190.8m		n/an/a
XANO B XANO IndustriSEK 49.703.5%
+SEK 100.8m		-26.3%PE17.4x
AGES B AGES IndustriSEK 54.0016.4%
+SEK 55.0m		-8.2%PE14.9x

Latest News

AGES B
SEK 54.00
AGES Industri
7D
16.4%
1Y
-8.2%
ATCO A
SEK 190.80
Atlas Copco
7D
-1.0%
1Y
16.7%
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 389.00
Sandvik
7D
-1.4%
1Y
66.9%
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 255.60
Epiroc
7D
-1.9%
1Y
17.3%
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).
INDT
SEK 208.80
Indutrade
7D
0.5%
1Y
-24.0%
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 3.15
OptiCept Technologies
7D
15.6%
1Y
-20.9%
HUSQ B
SEK 35.28
Husqvarna
7D
-3.0%
1Y
-32.9%
Narrative Update • Jul 01

HUSQ B: Business Exit And SEB Upgrade Will Support Future Rerating

The analyst price target for Husqvarna has been adjusted from SEK 50.25 to SEK 46.20, with analysts citing updated assumptions around discount rates, revenue growth, profit margins and future P/E, in line with recent research such as the upgrade from SEB Equities. What’s in the News for Husqvarna Husqvarna plans to discontinue its non core stone diamond tools business within the Construction Division, including shutting down manufacturing operations in Belgium, Portugal and Greece, as well as all related global service centers and sales activities, with a full withdrawal expected by the end of 2026.
ALFA
SEK 560.20
Alfa Laval
7D
-3.2%
1Y
32.4%
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.
SKF B
SEK 257.60
AB SKF
7D
-1.2%
1Y
13.9%
Narrative Update • Jun 25

SKF B: Mixed Rating Shifts And AI Partnership Will Shape Balanced Outlook

The analyst price target for AB SKF has been raised by SEK 2 to reflect slightly higher fair value estimates, with analysts citing modestly adjusted assumptions for revenue, profit margins, and future P/E as key drivers of the change. Analyst Commentary Recent Street research on AB SKF shows a mix of optimism and caution, with several firms adjusting price targets and ratings as they reassess assumptions around earnings power, execution, and appropriate P/E levels.
VOLV B
SEK 334.40
AB Volvo
7D
0.6%
1Y
20.7%
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.
ALIG
SEK 112.00
Alimak Group
7D
-5.7%
1Y
-28.2%
Narrative Update • Jun 17

ALIG: Stable Margins And Lower Risk Assumptions Will Support Future Upside Potential

Analysts have kept their SEK 143.0 price target for Alimak Group broadly in line with prior estimates, citing only small tweaks to inputs such as the discount rate, revenue growth assumptions, profit margin outlook and future P/E expectations. What’s in the News for Alimak Group No recent company specific news items for Alimak Group were identified in the provided sources.
BEIA B
SEK 281.00
Beijer Alma
7D
-5.4%
1Y
14.7%
Narrative Update • Jun 17

BEIA B: Dividend Structure And Refined Assumptions Will Support Fair Value

Analysts have nudged their fair value estimate for Beijer Alma stock from SEK 325 to SEK 328.50, citing updated assumptions around discount rates, revenue growth and profit margins, as well as a slightly adjusted future P/E multiple. What’s in the News for Beijer Alma Beijer Alma shareholders approved a dividend of SEK 4 per share for 2025 at the Annual General Meeting held on April 28, 2026, in line with the Board of Directors’ proposal.
SINT
SEK 106.50
SinterCast
7D
1.4%
1Y
-7.0%
ARENIT SDB
SEK 97.00
Arenit Industrie
7D
9.0%
1Y
n/a
XANO B
SEK 49.70
XANO Industri
7D
3.5%
1Y
-26.3%
AERW B
SEK 2.49
Aerowash
7D
20.9%
1Y
-69.3%