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Swedish (OMX) Machinery Industry Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies37
  • 7D4.5%
  • 3M10.3%
  • 1Y10.8%
  • YTD4.5%

In the last week, the Machinery industry is up 4.5%, with Atlas Copco up 6.3%. In the same time, Enrad was down 5.4%. This takes the industry's 12 month performance to a gain of 11%. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sun, 26 Mar 2023SEK 1.9tSEK 1.1tSEK 97.3b22x19.9x1.8x
Tue, 21 Feb 2023SEK 2.1tSEK 1.1tSEK 97.4b22.9x21.1x1.9x
Thu, 19 Jan 2023SEK 2.1tSEK 1.0tSEK 101.9b19.6x20.3x2x
Price to Earnings Ratio

20.3x


Total Market Cap: SEK 2.1tTotal Earnings: SEK 101.9bTotal Revenue: SEK 1.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 20.3x202420252026
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 24.9x which is higher than its 3-year average PE of 20.3x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.3x.
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 Market2.90%
Industrials4.94%
Machinery4.53%
Industrial Machinery4.70%
Construction Machinery and Vehicles4.32%
Agricultural Machinery0.95%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 25.2x.
    • 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 25.6x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 24% 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 178.256.3%
+SEK 51.1b		1.5%PE31.5x
VOLV B AB VolvoSEK 309.303.9%
+SEK 23.4b		10.8%PE17.7x
SAND SandvikSEK 315.404.5%
+SEK 17.1b		54.8%PE26.8x
EPI A EpirocSEK 222.205.7%
+SEK 14.5b		15.8%PE31.2x
ALFA Alfa LavalSEK 492.305.1%
+SEK 9.9b		5.9%PE24.4x

Latest News

VOLV B
SEK 309.30
AB Volvo
7D
3.9%
1Y
10.8%

VOLV B: Future Earnings May Be Constrained By Truck Cycle Execution Risk

Analysts have lifted their AB Volvo price expectations into a higher SEK 290 to SEK 333 range, pointing to tariff advantages, new truck launches, and potential benefits to construction equipment from lower rates and German stimulus as key support for the updated targets. Analyst Commentary Recent Street research on AB Volvo reflects a mixed backdrop, with some firms lifting targets into the SEK 290 to SEK 333 range while others trim estimates and stay more cautious.
INDT
SEK 241.20
Indutrade
7D
2.7%
1Y
-13.5%

INDT: Expanded Acquisition Team And Lead Generation Will Support Future Upside

Analysts have modestly adjusted their price target for Indutrade to SEK271.67, reflecting slightly updated assumptions on discount rate, revenue growth, profit margin and future P/E multiples, while keeping their overall fair value view unchanged. What's in the News Indutrade AB is actively looking for acquisitions and investments, with management emphasizing that the company plans to continue focusing on "Indutrade like" targets rather than shifting its approach (Capital Markets Day 2025).
ATCO A
SEK 178.25
Atlas Copco
7D
6.3%
1Y
1.5%

ATCO A: Acquisition Firepower And Cycle Risks Will Shape Balanced Outlook

The analyst price target for Atlas Copco has been raised by about SEK 1.76 to SEK 177.35, as analysts factor in shifts in end market conditions, differing views on the pace of recovery and equipment risk, and updated assumptions for growth, margins, discount rate, and future P/E. Analyst Commentary Recent research views on Atlas Copco show a clear split, with some analysts lifting ratings and targets, while others are turning more cautious and trimming their expectations.
ALFA
SEK 492.30
Alfa Laval
7D
5.1%
1Y
5.9%

ALFA: Raised Guidance And Partnerships Will Support Balanced Medium Term Prospects

Narrative Update Alfa Laval's analyst price targets have moved slightly higher, with updated fair value now at SEK 479.33. Analysts are referencing recent target increases to SEK 540 and SEK 484 as support for this new level.
EPI A
SEK 222.20
Epiroc
7D
5.7%
1Y
15.8%

Here's Why Epiroc (STO:EPI A) Can Manage Its Debt Responsibly

Jan 05
Here's Why Epiroc (STO:EPI A) Can Manage Its Debt Responsibly
SAND
SEK 315.40
Sandvik
7D
4.5%
1Y
54.8%

Here's Why Sandvik (STO:SAND) Has Caught The Eye Of Investors

Jan 03
Here's Why Sandvik (STO:SAND) Has Caught The Eye Of Investors
CNCJO B
SEK 47.80
Concejo
7D
-1.4%
1Y
6.2%

These 4 Measures Indicate That Concejo (STO:CNCJO B) Is Using Debt Reasonably Well

Dec 30
These 4 Measures Indicate That Concejo (STO:CNCJO B) Is Using Debt Reasonably Well
SINT
SEK 102.00
SinterCast
7D
-1.9%
1Y
-4.2%
BEIA B
SEK 295.00
Beijer Alma
7D
2.4%
1Y
83.5%
ALIG
SEK 146.40
Alimak Group
7D
2.8%
1Y
31.2%

ALIG: Improved Future Margins Will Support Continued Upside Potential

Analysts have nudged their price target for Alimak Group slightly higher, from SEK 169.33 to SEK 171.00. They cited expectations of modestly improved profit margins offsetting somewhat slower projected revenue growth.
LYGRD
SEK 2.78
Lyckegård Group
7D
-3.5%
1Y
169.9%
BIOEX
SEK 2.19
Bioextrax
7D
-6.4%
1Y
-23.4%
BOMILL
SEK 0.57
BoMill
7D
-8.6%
1Y
-57.5%
AGES B
SEK 56.00
AGES Industri
7D
-1.8%
1Y
-18.4%
GARPCO B
SEK 268.00
Garpco Aktiebolag
7D
-2.2%
1Y
14.5%

Is Garpco Aktiebolag (NGM:GARPCO B) A Risky Investment?

Nov 06
Is Garpco Aktiebolag (NGM:GARPCO B) A Risky Investment?
ENRAD
SEK 12.25
Enrad
7D
-5.4%
1Y
-9.9%

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