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Swedish (OMX) Machinery Industry Analysis

UpdatedMay 06, 2026
DataAggregated Company Financials
Companies38
  • 7D0.9%
  • 3M-4.5%
  • 1Y26.3%
  • YTD8.9%

Over the last 7 days, the Machinery industry has dropped 3.5%, driven by a pullback from AB Volvo of 0.8%. On the other hand Epiroc is actually up 10%. This takes the industry's 12 month performance to a gain of 22%. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 06 May 2026SEK 2.9tSEK 1.1tSEK 104.7b25.8x27.2x2.5x
Fri, 03 Apr 2026SEK 2.7tSEK 1.2tSEK 106.7b23.7x25.4x2.4x
Sun, 01 Mar 2026SEK 3.1tSEK 1.2tSEK 106.7b24.7x28.7x2.7x
Tue, 27 Jan 2026SEK 2.9tSEK 1.2tSEK 109.9b25.2x26x2.4x
Thu, 25 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.4x23.4x2.2x
Sat, 22 Nov 2025SEK 2.4tSEK 1.2tSEK 109.9b23.2x21.9x2.1x
Mon, 20 Oct 2025SEK 2.4tSEK 1.2tSEK 110.8b23.1x22x2.1x
Wed, 17 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b23.1x21.3x2x
Fri, 15 Aug 2025SEK 2.4tSEK 1.2tSEK 113.3b23.8x21.1x2x
Sun, 13 Jul 2025SEK 2.4tSEK 1.2tSEK 123.4b24.3x19.6x2x
Tue, 10 Jun 2025SEK 2.4tSEK 1.2tSEK 123.4b24x19.1x1.9x
Thu, 08 May 2025SEK 2.3tSEK 1.2tSEK 123.3b21.2x18.4x1.9x
Sat, 05 Apr 2025SEK 2.1tSEK 1.2tSEK 125.5b21.2x17.1x1.8x
Mon, 03 Mar 2025SEK 2.7tSEK 1.2tSEK 125.5b26.5x21.5x2.2x
Wed, 29 Jan 2025SEK 2.6tSEK 1.2tSEK 124.4b28.5x21.2x2.2x
Fri, 27 Dec 2024SEK 2.4tSEK 1.2tSEK 124.3b26.2x19.3x2x
Sun, 24 Nov 2024SEK 2.4tSEK 1.2tSEK 124.4b24.7x19.7x2x
Tue, 22 Oct 2024SEK 2.5tSEK 1.2tSEK 125.3b25.2x20.3x2.1x
Thu, 19 Sep 2024SEK 2.5tSEK 1.2tSEK 130.0b25.9x19.1x2x
Sat, 17 Aug 2024SEK 2.5tSEK 1.2tSEK 129.9b24.4x19.3x2x
Mon, 15 Jul 2024SEK 2.7tSEK 1.2tSEK 125.4b27.1x21.5x2.2x
Wed, 12 Jun 2024SEK 2.7tSEK 1.2tSEK 125.4b27.5x21.4x2.2x
Fri, 10 May 2024SEK 2.7tSEK 1.2tSEK 125.4b27.2x21.5x2.2x
Sun, 07 Apr 2024SEK 2.6tSEK 1.2tSEK 127.0b24.7x20.6x2.1x
Tue, 05 Mar 2024SEK 2.5tSEK 1.2tSEK 127.0b22.8x20x2x
Thu, 01 Feb 2024SEK 2.3tSEK 1.3tSEK 126.6b21.5x18.5x1.9x
Sat, 30 Dec 2023SEK 2.4tSEK 1.2tSEK 119.8b22.3x20.3x2x
Mon, 27 Nov 2023SEK 2.2tSEK 1.2tSEK 119.8b22.1x18.7x1.8x
Wed, 25 Oct 2023SEK 2.0tSEK 1.2tSEK 117.2b20.7x17.2x1.7x
Fri, 22 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b22.4x19.3x1.8x
Sun, 20 Aug 2023SEK 2.1tSEK 1.2tSEK 111.3b21x19x1.8x
Tue, 18 Jul 2023SEK 2.2tSEK 1.1tSEK 106.2b24.7x20.5x1.9x
Thu, 15 Jun 2023SEK 2.3tSEK 1.1tSEK 106.2b24.1x21.4x2x
Sat, 13 May 2023SEK 2.2tSEK 1.1tSEK 106.1b23.6x20.3x1.9x
Price to Earnings Ratio

20.3x


Total Market Cap: SEK 2.2tTotal Earnings: SEK 106.1bTotal Revenue: SEK 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 20.9x202420252026
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 26.7x which is higher than its 3-year average PE of 20.9x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.5x.
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 Market0.33%
Industrials0.46%
Machinery0.91%
Construction Machinery and Vehicles2.63%
Industrial Machinery0.093%
Agricultural Machinery-3.39%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 25.8x.
    • Analysts are expecting annual earnings growth of 11.1%, 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 24.5x.
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 10% 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
EPI A EpirocSEK 266.0010.3%
+SEK 30.2b		24.4%PE37.8x
ALFA Alfa LavalSEK 550.803.5%
+SEK 7.6b		40.2%PE27.8x
ENGCON B engconSEK 69.0015.0%
+SEK 1.4b		-26.0%PE44.8x
SALT B SaltX Technology HoldingSEK 6.3361.7%
+SEK 480.4m		50.0%PS27.1x
SKF B AB SKFSEK 230.500.4%
+SEK 409.8m		21.8%PE27.9x

Latest News

ATCO A
SEK 175.15
Atlas Copco
7D
-0.09%
1Y
17.0%
VBG B
SEK 331.00
VBG Group
7D
-0.7%
1Y
24.3%
EPRO B
SEK 46.50
Electrolux Professional
7D
1.0%
1Y
-18.8%
HUSQ B
SEK 42.48
Husqvarna
7D
-3.4%
1Y
-5.2%
INDT
SEK 195.10
Indutrade
7D
-4.5%
1Y
-25.5%

INDT: Upgraded Outlook And Capital Allocation Will Support Future Earnings Resilience

Analysts have trimmed their 12 month price target for Indutrade from SEK 315 to SEK 305, reflecting updated views on fair value, discount rate and long term revenue and margin assumptions following recent research, such as the upgrade at Kepler Cheuvreux. Analyst Commentary Recent research points to a mixed but generally constructive setup for Indutrade, with price targets adjusted to reflect updated assumptions on valuation, discount rates and long term revenue and margin profiles.
VOLV B
SEK 318.00
AB Volvo
7D
-0.8%
1Y
22.6%

VOLV B: Hydrogen Partnerships And Mixed Sentiment Will Shape Future Returns

The updated analyst price target for AB Volvo has increased to SEK 339.60 from SEK 331.56, reflecting recent Street research that includes several target increases alongside a mix of neutral and more cautious views from analysts. Analyst Commentary Recent research on AB Volvo reflects a mix of optimism around valuation support and execution, alongside more cautious views on the stock's risk and reward balance.
ENGCON B
SEK 69.00
engcon
7D
15.0%
1Y
-26.0%

engcon AB (publ) Just Recorded A 8.6% EPS Beat: Here's What Analysts Are Forecasting Next

May 03
engcon AB (publ) Just Recorded A 8.6% EPS Beat: Here's What Analysts Are Forecasting Next
ALFA
SEK 550.80
Alfa Laval
7D
3.5%
1Y
40.2%

ALFA: Future Tanker Orders Will Support Higher Fair Value Estimate

Alfa Laval's analyst fair value estimate has shifted from SEK 570 to SEK 635. This reflects a mix of higher SEK-based price targets from several banks and updated assumptions on revenue growth, profit margins and future P/E that analysts see as better aligned with recent order and valuation trends.
EPI A
SEK 266.00
Epiroc
7D
10.3%
1Y
24.4%

Analysts Are Updating Their Epiroc AB (publ) (STO:EPI A) Estimates After Its First-Quarter Results

May 02
Analysts Are Updating Their Epiroc AB (publ) (STO:EPI A) Estimates After Its First-Quarter Results
XANO B
SEK 59.00
XANO Industri
7D
1.9%
1Y
40.5%
ALIG
SEK 107.00
Alimak Group
7D
-3.6%
1Y
-13.6%

Alimak Group AB (publ) (STO:ALIG) First-Quarter Results: Here's What Analysts Are Forecasting For This Year

May 01
Alimak Group AB (publ) (STO:ALIG) First-Quarter Results: Here's What Analysts Are Forecasting For This Year
SAND
SEK 381.80
Sandvik
7D
-0.6%
1Y
90.0%
SALT B
SEK 6.33
SaltX Technology Holding
7D
61.7%
1Y
50.0%
TREL B
SEK 382.80
Trelleborg
7D
0.5%
1Y
13.5%
SKF B
SEK 230.50
AB SKF
7D
0.4%
1Y
21.8%
ARENIT SDB
SEK 75.00
Arenit Industrie
7D
-2.6%
1Y
n/a