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Swedish (OMX) Machinery Industry Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies37
  • 7D-4.1%
  • 3M-0.3%
  • 1Y-0.5%
  • YTD-1.9%

Over the last 7 days, the Machinery industry has dropped 4.1%, driven by Atlas Copco declining 6.0%. In contrast, Enrad has gained 12%. Over the last year, the industry has been flat overall. Looking forward, 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
Fri, 21 Nov 2025SEK 2.4tSEK 1.2tSEK 109.9b23.4x21.8x2x
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
Wed, 14 Jun 2023SEK 2.3tSEK 1.1tSEK 106.2b24.2x21.3x2x
Fri, 12 May 2023SEK 2.1tSEK 1.1tSEK 106.1b24x20.2x1.9x
Sun, 09 Apr 2023SEK 2.0tSEK 1.1tSEK 97.3b22.3x20.6x1.8x
Tue, 07 Mar 2023SEK 2.1tSEK 1.1tSEK 97.3b23.1x21.6x1.9x
Thu, 02 Feb 2023SEK 2.0tSEK 1.1tSEK 100.0b21.4x20.3x1.9x
Sat, 31 Dec 2022SEK 1.9tSEK 1.0tSEK 101.9b16.6x18.7x1.8x
Mon, 28 Nov 2022SEK 2.0tSEK 1.0tSEK 101.7b17.2x19.4x1.9x
Price to Earnings Ratio

19.4x


Total Market Cap: SEK 2.0tTotal Earnings: SEK 101.7bTotal Revenue: SEK 1.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 20.1x202320242025
Current Industry PE
  • Investors are relatively neutral on the Swedish Machinery industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 20.1x.
  • The industry is trading close to its 3-year average PS ratio of 2.0x.
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 Market-4.34%
Industrials-4.75%
Machinery-4.09%
Construction Machinery and Vehicles-1.70%
Agricultural Machinery-2.14%
Industrial Machinery-5.26%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 25.0x.
    • Analysts are expecting annual earnings growth of 9.9%, which is higher than its past year's earnings growth of 0.5% per year.
  • Investors are most pessimistic about the Construction Machinery and Vehicles industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 14.5x.
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 9.9% 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
ALIG Alimak GroupSEK 138.001.0%
+SEK 148.2m		16.9%PE21x
VBG B VBG GroupSEK 372.000.5%
+SEK 50.0m		28.5%PE22x
SINT SinterCastSEK 106.003.9%
+SEK 28.2m		0%PE26.6x
GARPCO B Garpco AktiebolagSEK 260.0010.2%
+SEK 25.2m		11.1%PS0.4x
ENRAD EnradSEK 12.058.1%
+SEK 24.3m		56.5%PS5.6x

Latest News

INDT
SEK 226.20
Indutrade
7D
-4.9%
1Y
-16.1%
HUSQ B
SEK 43.53
Husqvarna
7D
-4.1%
1Y
-27.6%

HUSQ B: Ongoing Restructuring Efforts And AI Rollouts Will Drive Margin Improvement

Analysts have lowered their price target for Husqvarna from SEK 55 to SEK 50, citing ongoing structural challenges as well as the need for clear management strategies to spur future growth. Analyst Commentary Recent analyst assessments reflect a balanced view of Husqvarna's prospects, highlighting both the company's strengths and areas where caution is warranted by investors.
TREL B
SEK 378.60
Trelleborg
7D
-2.5%
1Y
8.0%

TREL B: Revenue Outlook And Price Expectations Will Shape Share Moves

Analysts have raised their price target for Trelleborg from SEK 365 to SEK 370, citing modest improvements in revenue growth as well as expectations for a higher future price-to-earnings ratio. Analyst Commentary Bullish Takeaways A modest upward revision of the price target signals analysts' confidence in Trelleborg's potential for incremental revenue growth.
SAND
SEK 279.10
Sandvik
7D
-3.4%
1Y
38.0%

SAND: Continued Execution Will Determine Fair Value Stability Amid Sector Shifts

Sandvik's analyst price target has increased modestly to SEK 282.56, as analysts cite a series of upward revisions from major institutions. This reflects continued optimism around the company's growth prospects.
ALIG
SEK 138.00
Alimak Group
7D
1.0%
1Y
16.9%

ALIG: Profit Margins And Revenue Outlook Will Drive Upside Potential

Analysts have maintained their price target for Alimak Group at SEK 169.33. They cite steady outlooks on profitability and revenue growth projections.
ATCO A
SEK 153.05
Atlas Copco
7D
-2.8%
1Y
-11.4%
VBG B
SEK 372.00
VBG Group
7D
0.5%
1Y
28.5%
OXE
SEK 0.40
OXE Marine
7D
3.4%
1Y
11.1%

Positive Sentiment Still Eludes OXE Marine AB (publ) (STO:OXE) Following 27% Share Price Slump

Nov 09
Positive Sentiment Still Eludes OXE Marine AB (publ) (STO:OXE) Following 27% Share Price Slump
LYGRD
SEK 2.62
Lyckegård Group
7D
11.0%
1Y
142.6%
SINT
SEK 106.00
SinterCast
7D
3.9%
1Y
0%
GARPCO B
SEK 260.00
Garpco Aktiebolag
7D
10.2%
1Y
11.1%

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

Nov 06
Is Garpco Aktiebolag (NGM:GARPCO B) A Risky Investment?
ALFA
SEK 435.10
Alfa Laval
7D
-4.2%
1Y
-8.7%

ALFA: Recent Ratings Upgrades Will Drive Confidence Amid Margin and Competition Risks

The analyst fair value estimate for Alfa Laval has increased from SEK 452.29 to SEK 465.93. This reflects analysts’ higher price targets, driven by an updated industry outlook and recent research upgrades.
VOLV B
SEK 266.10
AB Volvo
7D
-0.6%
1Y
-1.2%

VOLV B: Margin Improvements Will Drive Upside Despite Tariff Headwinds

AB Volvo’s analyst price target was reduced from SEK 294.88 to SEK 289.50, as analysts pointed to softer anticipated revenue growth and persistent margin concerns. Analyst Commentary Recent street research surrounding AB Volvo reflects a mix of optimistic and cautionary perspectives as analysts adjust price targets and ratings, citing evolving business dynamics.
EPI A
SEK 190.80
Epiroc
7D
-2.8%
1Y
-2.5%

Epiroc AB (publ) Just Missed Earnings - But Analysts Have Updated Their Models

Nov 01
Epiroc AB (publ) Just Missed Earnings - But Analysts Have Updated Their Models
ENRAD
SEK 12.05
Enrad
7D
8.1%
1Y
56.5%

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
BAWAT
SEK 1.15
Bawat Water Technologies
7D
11.7%
1Y
16.2%