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Swedish (OMX) Machinery Industry Analysis

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies38
  • 7D1.9%
  • 3M3.6%
  • 1Y23.7%
  • YTD11.5%

The Machinery industry is up 1.9% in the last week, with Atlas Copco up 2.3%. This means that the industry has gained 24% over the past year. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Jun 2026SEK 2.9tSEK 1.1tSEK 104.8b26.4x27.9x2.6x
Sun, 03 May 2026SEK 2.8tSEK 1.1tSEK 104.7b25.3x27.2x2.5x
Tue, 31 Mar 2026SEK 2.6tSEK 1.2tSEK 106.7b23.2x24.5x2.3x
Thu, 26 Feb 2026SEK 3.0tSEK 1.2tSEK 106.7b25x28.6x2.7x
Sat, 24 Jan 2026SEK 2.8tSEK 1.2tSEK 109.9b25.1x25.7x2.4x
Mon, 22 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.3x23.4x2.2x
Wed, 19 Nov 2025SEK 2.4tSEK 1.2tSEK 109.9b23.3x21.6x2x
Fri, 17 Oct 2025SEK 2.5tSEK 1.2tSEK 113.3b22.7x22.1x2.1x
Sun, 14 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b23.1x21.4x2.1x
Tue, 12 Aug 2025SEK 2.4tSEK 1.2tSEK 113.3b24x20.8x2x
Thu, 10 Jul 2025SEK 2.4tSEK 1.2tSEK 123.4b23.8x19.5x2x
Sat, 07 Jun 2025SEK 2.4tSEK 1.2tSEK 123.4b24.6x19.1x1.9x
Mon, 05 May 2025SEK 2.3tSEK 1.2tSEK 123.3b21.1x18.6x1.9x
Wed, 02 Apr 2025SEK 2.4tSEK 1.2tSEK 125.5b23.1x19.3x2x
Fri, 28 Feb 2025SEK 2.7tSEK 1.2tSEK 125.5b26.6x21.6x2.2x
Sun, 26 Jan 2025SEK 2.7tSEK 1.2tSEK 124.4b28.6x21.6x2.2x
Tue, 24 Dec 2024SEK 2.4tSEK 1.2tSEK 124.3b26.2x19.3x2x
Thu, 21 Nov 2024SEK 2.4tSEK 1.2tSEK 124.4b24.2x19.4x2x
Sat, 19 Oct 2024SEK 2.6tSEK 1.2tSEK 125.9b25.3x20.4x2.1x
Mon, 16 Sep 2024SEK 2.5tSEK 1.2tSEK 130.0b25.9x19x2x
Wed, 14 Aug 2024SEK 2.5tSEK 1.2tSEK 129.9b23.8x18.9x2x
Fri, 12 Jul 2024SEK 2.6tSEK 1.2tSEK 125.4b26.7x20.8x2.1x
Sun, 09 Jun 2024SEK 2.7tSEK 1.2tSEK 125.4b25.5x21.6x2.2x
Tue, 07 May 2024SEK 2.6tSEK 1.2tSEK 125.4b27x21.1x2.1x
Thu, 04 Apr 2024SEK 2.6tSEK 1.2tSEK 127.0b24.4x20.4x2.1x
Sat, 02 Mar 2024SEK 2.5tSEK 1.2tSEK 127.0b24.8x20x2x
Mon, 29 Jan 2024SEK 2.3tSEK 1.3tSEK 126.6b21.4x18.3x1.9x
Wed, 27 Dec 2023SEK 2.4tSEK 1.2tSEK 119.8b22.2x20.1x2x
Fri, 24 Nov 2023SEK 2.3tSEK 1.2tSEK 119.8b21.9x18.8x1.8x
Sun, 22 Oct 2023SEK 2.0tSEK 1.2tSEK 116.7b21.7x17.4x1.7x
Tue, 19 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b22.6x19.6x1.8x
Thu, 17 Aug 2023SEK 2.1tSEK 1.2tSEK 111.3b21.6x19.3x1.8x
Sat, 15 Jul 2023SEK 2.2tSEK 1.1tSEK 106.2b24.5x20.4x1.9x
Mon, 12 Jun 2023SEK 2.2tSEK 1.1tSEK 106.2b23.9x21x1.9x
Price to Earnings Ratio

21x


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 21.1x202420252026
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 27.9x which is higher than its 3-year average PE of 21.1x.
  • 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 Market0.03%
Industrials0.49%
Machinery1.91%
Industrial Machinery2.26%
Construction Machinery and Vehicles1.32%
Agricultural Machinery-0.82%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 25.9x.
    • Analysts are expecting annual earnings growth of 11.6%, which is higher than its past year's earnings decline of 14.9% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 24.2x.
Forecasted Growth
  • Analysts are most optimistic on the Construction Machinery and Vehicles industry, expecting annual earnings growth of 14% 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 12% 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 179.251.0%
+SEK 8.8b		13.6%PE33.5x
ALFA Alfa LavalSEK 539.403.9%
+SEK 8.3b		30.2%PE27.3x
SAND SandvikSEK 379.800.9%
+SEK 4.1b		77.6%PE32.1x
TREL B TrelleborgSEK 416.003.1%
+SEK 2.8b		17.9%PE25.6x
SKF B AB SKFSEK 246.601.5%
+SEK 1.7b		15.2%PE29.9x

Latest News

OPTI
SEK 3.50
OptiCept Technologies
7D
64.9%
1Y
-13.5%
HUSQ B
SEK 41.55
Husqvarna
7D
-4.3%
1Y
-14.9%
VOLV B
SEK 321.50
AB Volvo
7D
-1.2%
1Y
22.2%
INDT
SEK 193.60
Indutrade
7D
0.05%
1Y
-27.2%
Narrative Update • Jun 04

INDT: Ongoing Acquisitions And Disciplined Capital Allocation Will Support Future Earnings Resilience

Analysts have kept their SEK 305.0 price target for Indutrade unchanged, citing only minor tweaks to assumptions around the discount rate, revenue growth, profit margin and future P/E that did not materially affect their overall valuation view. What's in the News Indutrade has agreed to acquire all shares in German composite component specialist Createc GmbH & Co. KG, which focuses on high performance components for medical instruments, sealing solutions and pump bearing applications, with Createc to be included in Indutrade's Life Science business area.
ENGCON B
SEK 66.00
engcon
7D
-6.6%
1Y
-32.7%
Narrative Update • Jun 03

ENGCON B: Legal Outcome Will Support Future Upside Potential

Analysts have maintained their SEK fair value estimate for engcon at SEK 82.0, making only minor adjustments to assumptions on discount rate, profit margin, and future P/E, which together support this unchanged price target. What's in the News Krister Blomgren is set to leave the role of CEO of engcon AB after 15 years, following discussions with the board.
ALIG
SEK 109.20
Alimak Group
7D
-2.2%
1Y
-24.2%
Narrative Update • Jun 03

ALIG: Acquisition Pipeline And Dividend Policy Will Support Future Upside Potential

Analysts have reiterated their SEK 143.0 price target on Alimak Group, with the unchanged fair value and only small model tweaks to discount rate, revenue growth, profit margin and future P/E signaling a steady view of the stock’s long term fundamentals. What's in the News No recent company specific news items, periodical articles or key developments were provided for Alimak Group, so there are currently no discrete headlines to highlight for this section.
BEIA B
SEK 302.00
Beijer Alma
7D
-1.0%
1Y
32.7%
Narrative Update • Jun 03

BEIA B: Stable Dividend Framework And Steady Outlook Will Support Fair Value

Analysts are keeping Beijer Alma's fair value target steady at SEK325, with only small model adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions guiding this narrative update. What's in the News The Annual General Meeting on April 28, 2026, approved a dividend of SEK 4 per share for the 2025 financial year, based on the Board of Directors' proposal.
ALFA
SEK 539.40
Alfa Laval
7D
3.9%
1Y
30.2%
Narrative Update • Jun 03

ALFA: Fair Outlook Weighs Tanker Order Upside Against Execution And Pricing Risks

Narrative Update on Alfa Laval The updated analyst price target for Alfa Laval rises from about SEK 518 to SEK 547. This reflects adjustments to fair value and underlying assumptions such as revenue growth, profit margin and discount rate, as analysts balance recent target trims and downgrades with several target increases and an upgrade to Equal Weight.
SAND
SEK 379.80
Sandvik
7D
0.9%
1Y
77.6%
Narrative Update • Jun 02

SAND: Higher P/E Assumptions Will Test Mining Cycle Delivery Timing

Sandvik's updated fair value estimate has moved from SEK 226.86 to SEK 268.47. Analysts point to a series of recent price target adjustments and mixed rating changes that reflect revised assumptions for growth, margins and future P/E expectations.
TREL B
SEK 416.00
Trelleborg
7D
3.1%
1Y
17.9%
Narrative Update • Jun 01

TREL B: Future View Will Balance Citi Cut Against Expanded Buyback Plans

Analysts have made a small upward adjustment to their fair value estimate for Trelleborg, lifting the price target by about SEK 3 to SEK 415.55. This reflects updated assumptions on discount rate, revenue growth and future P/E, while incorporating recent Street research including Citi's SEK 10 price target cut.
EPI A
SEK 273.20
Epiroc
7D
-0.5%
1Y
25.7%
EPRO B
SEK 47.70
Electrolux Professional
7D
-1.5%
1Y
-26.3%
Narrative Update • May 29

EPRO B: Design Led Kitchen Experiences Will Support Future Upside

Analysts have adjusted the fair value estimate for Electrolux Professional from SEK 64 to SEK 67. This change reflects updated assumptions on the discount rate, revenue growth, profit margins, and a higher future P/E multiple.
SKF B
SEK 246.60
AB SKF
7D
1.5%
1Y
15.2%
Narrative Update • May 28

SKF B: Mixed Rating Shifts Will Shape Balanced SEK 257 Return Profile

AB SKF’s updated analyst price target has been adjusted slightly lower to about SEK 257 as analysts weigh mixed recent target changes and ratings shifts against updated assumptions for growth, margins and P/E. Analyst Commentary Recent research shows a mix of upgraded ratings alongside both higher and lower price targets, which leaves the stock sitting in the middle of a tug of war between confidence in execution and questions around valuation and earnings power.
VBG B
SEK 317.00
VBG Group
7D
-3.1%
1Y
24.4%
ATCO A
SEK 179.25
Atlas Copco
7D
1.0%
1Y
13.6%
IMPC
SEK 4.60
Impact Coatings
7D
36.1%
1Y
48.9%