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Swedish (OMX) Machinery Industry Analysis

UpdatedMay 27, 2026
DataAggregated Company Financials
Companies38
  • 7D4.1%
  • 3M-5.3%
  • 1Y22.8%
  • YTD10.7%

Atlas Copco is up 4.8%, leading the way for the Machinery industry, which has gained 4.1%. This takes the industry's 12 month performance to a gain of 23%. 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
Thu, 28 May 2026SEK 2.9tSEK 1.1tSEK 104.8b25.8x27.6x2.6x
Sat, 25 Apr 2026SEK 2.9tSEK 1.1tSEK 106.8b25.7x27.4x2.5x
Mon, 23 Mar 2026SEK 2.5tSEK 1.2tSEK 106.7b20.7x23.8x2.2x
Wed, 18 Feb 2026SEK 3.0tSEK 1.1tSEK 106.7b24.6x27.8x2.6x
Fri, 16 Jan 2026SEK 2.8tSEK 1.2tSEK 109.9b25.1x25.6x2.4x
Sun, 14 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.4x23.6x2.2x
Tue, 11 Nov 2025SEK 2.5tSEK 1.2tSEK 109.9b24.4x22.4x2.1x
Thu, 09 Oct 2025SEK 2.5tSEK 1.2tSEK 113.3b23x22.3x2.1x
Sat, 06 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b22.8x21.3x2x
Mon, 04 Aug 2025SEK 2.3tSEK 1.2tSEK 113.3b23.6x20.4x2x
Wed, 02 Jul 2025SEK 2.3tSEK 1.2tSEK 123.4b23.2x18.8x1.9x
Fri, 30 May 2025SEK 2.4tSEK 1.2tSEK 123.4b23.8x19.1x1.9x
Sun, 27 Apr 2025SEK 2.3tSEK 1.2tSEK 123.4b22.1x18.5x1.9x
Tue, 25 Mar 2025SEK 2.6tSEK 1.2tSEK 125.4b24.7x20.4x2.1x
Thu, 20 Feb 2025SEK 2.8tSEK 1.2tSEK 125.6b27.6x22.2x2.3x
Sat, 18 Jan 2025SEK 2.6tSEK 1.2tSEK 124.3b26.5x20.8x2.1x
Mon, 16 Dec 2024SEK 2.5tSEK 1.2tSEK 124.3b26.4x20.2x2.1x
Wed, 13 Nov 2024SEK 2.5tSEK 1.2tSEK 124.4b26.3x20x2x
Fri, 11 Oct 2024SEK 2.6tSEK 1.2tSEK 130.0b24.7x19.9x2.1x
Sun, 08 Sep 2024SEK 2.4tSEK 1.2tSEK 130.0b25.5x18.4x1.9x
Tue, 06 Aug 2024SEK 2.4tSEK 1.2tSEK 129.9b23x18.4x1.9x
Thu, 04 Jul 2024SEK 2.6tSEK 1.2tSEK 125.4b27.2x21x2.1x
Sat, 01 Jun 2024SEK 2.7tSEK 1.2tSEK 125.4b25.7x21.6x2.2x
Mon, 29 Apr 2024SEK 2.6tSEK 1.2tSEK 125.4b26.1x21x2.1x
Wed, 27 Mar 2024SEK 2.7tSEK 1.2tSEK 127.0b24.8x21.2x2.2x
Fri, 23 Feb 2024SEK 2.5tSEK 1.2tSEK 126.9b24.4x19.8x2x
Sun, 21 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b21.1x19x1.9x
Tue, 19 Dec 2023SEK 2.4tSEK 1.2tSEK 119.8b21.9x20.2x2x
Thu, 16 Nov 2023SEK 2.2tSEK 1.2tSEK 118.5b22x18.8x1.8x
Sat, 14 Oct 2023SEK 2.2tSEK 1.2tSEK 111.4b22.5x19.5x1.8x
Mon, 11 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b22.3x19.3x1.8x
Wed, 09 Aug 2023SEK 2.2tSEK 1.2tSEK 111.4b23.5x19.4x1.8x
Fri, 07 Jul 2023SEK 2.1tSEK 1.1tSEK 106.2b24.1x20.2x1.9x
Sun, 04 Jun 2023SEK 2.2tSEK 1.1tSEK 106.2b24x20.9x1.9x
Price to Earnings Ratio

20.9x


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 27.6x 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 Market2.86%
Industrials3.52%
Machinery4.07%
Industrial Machinery4.50%
Construction Machinery and Vehicles3.31%
Agricultural Machinery2.01%
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 11.4%, 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 24.3x.
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 Industrial 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 325.204.0%
+SEK 25.2b		21.7%PE20.1x
ATCO A Atlas CopcoSEK 179.852.8%
+SEK 23.7b		14.5%PE33.6x
SAND SandvikSEK 387.304.6%
+SEK 21.2b		83.7%PE32.8x
EPI A EpirocSEK 272.604.0%
+SEK 12.8b		27.1%PE38.8x
SKF B AB SKFSEK 250.907.0%
+SEK 7.5b		19.2%PE30.4x

Latest News

EPRO B
SEK 47.90
Electrolux Professional
7D
4.6%
1Y
-25.5%
EPI A
SEK 272.60
Epiroc
7D
4.0%
1Y
27.1%
VOLV B
SEK 325.20
AB Volvo
7D
4.0%
1Y
21.7%
INDT
SEK 197.10
Indutrade
7D
-0.7%
1Y
-25.0%
BIOEX
SEK 2.59
Bioextrax
7D
-6.8%
1Y
-17.8%
VBG B
SEK 337.50
VBG Group
7D
-3.6%
1Y
30.1%
ALFA
SEK 536.40
Alfa Laval
7D
-1.7%
1Y
30.1%
Narrative Update • May 19

ALFA: Future Tanker Orders And Order Momentum Will Support Higher Fair Value Estimate

Narrative Update The analyst price target for Alfa Laval has been raised by SEK 29, with recent research citing updated views on order momentum and a more balanced valuation as the basis for this change. Analyst Commentary Recent research on Alfa Laval shows a mix of views, but there is a clear pocket of bullish analysts who see room for the stock to perform in line with, or better than, their updated valuation work.
FLEXQ
SEK 23.00
FlexQube
7D
-5.0%
1Y
342.3%
ATCO A
SEK 179.85
Atlas Copco
7D
2.8%
1Y
14.5%
ENGCON B
SEK 72.00
engcon
7D
4.2%
1Y
-22.0%
AGES B
SEK 48.00
AGES Industri
7D
-2.8%
1Y
-7.7%
Analysis Article • May 13

Solid Earnings May Not Tell The Whole Story For AGES Industri (STO:AGES B)

The recent earnings posted by AGES Industri AB (publ) ( STO:AGES B ) were solid, but the stock didn't move as much as...
BOMILL
SEK 0.44
BoMill
7D
-8.8%
1Y
-34.6%
TREL B
SEK 402.60
Trelleborg
7D
1.6%
1Y
14.0%
Narrative Update • May 09

TREL B: Future View Will Weigh Conviction List Status Against Trimmed Assumptions

Analysts have updated their view on Trelleborg with a revised price target of SEK 412.64, compared with the previous SEK 405.90. This change reflects Citi's SEK 10 trim and the stock's recent addition to a European conviction list, as analysts emphasize the company's focus on structural growth areas and adjusted assumptions for growth, margins and future P/E.
SAND
SEK 387.30
Sandvik
7D
4.6%
1Y
83.7%
Narrative Update • May 08

SAND: Higher Multiple Expectations Will Likely Cap Returns Despite Mixed Sector Positioning

Analysts have lifted the Sandvik fair value estimate from SEK 329.30 to SEK 381.65. This reflects a series of recent price target increases in the SEK 12 to SEK 80 range and several upgrades that highlight expectations for higher revenue growth, slightly stronger margins and a higher future P/E multiple.
CCC
SEK 12.55
Cavotec Group
7D
-6.0%
1Y
n/a
SKF B
SEK 250.90
AB SKF
7D
7.0%
1Y
19.2%