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Swedish (OMX) Machinery Industry Analysis

UpdatedJan 23, 2026
DataAggregated Company Financials
Companies37
  • 7D0.005%
  • 3M10.9%
  • 1Y6.6%
  • YTD8.0%

In the last week, the Machinery industry is up 2.2%, with Atlas Copco up 5.9%. In the last 12 months, the industry was up 7.9%. As for the next few years, earnings are expected to grow by 10% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 23 Jan 2026SEK 2.8tSEK 1.2tSEK 109.9b25.2x25.7x2.4x
Sun, 21 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.3x23.4x2.2x
Tue, 18 Nov 2025SEK 2.4tSEK 1.2tSEK 109.9b23.9x22x2.1x
Thu, 16 Oct 2025SEK 2.5tSEK 1.2tSEK 113.3b22.6x21.9x2.1x
Sat, 13 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b23.1x21.4x2.1x
Mon, 11 Aug 2025SEK 2.4tSEK 1.2tSEK 113.3b24.1x21x2x
Wed, 09 Jul 2025SEK 2.4tSEK 1.2tSEK 123.4b23.6x19.3x2x
Fri, 06 Jun 2025SEK 2.4tSEK 1.2tSEK 123.4b24.6x19.1x1.9x
Sun, 04 May 2025SEK 2.3tSEK 1.2tSEK 123.3b21.1x18.6x1.9x
Tue, 01 Apr 2025SEK 2.4tSEK 1.2tSEK 125.5b22.9x19.2x2x
Thu, 27 Feb 2025SEK 2.8tSEK 1.2tSEK 125.5b26.9x22x2.3x
Sat, 25 Jan 2025SEK 2.7tSEK 1.2tSEK 124.4b28.6x21.6x2.2x
Mon, 23 Dec 2024SEK 2.4tSEK 1.2tSEK 124.3b26.1x19.4x2x
Wed, 20 Nov 2024SEK 2.4tSEK 1.2tSEK 124.4b24.6x19.5x2x
Fri, 18 Oct 2024SEK 2.5tSEK 1.2tSEK 130.0b25.3x19.6x2x
Sun, 15 Sep 2024SEK 2.5tSEK 1.2tSEK 130.0b25.9x19x2x
Tue, 13 Aug 2024SEK 2.4tSEK 1.2tSEK 129.9b24.1x18.7x2x
Thu, 11 Jul 2024SEK 2.6tSEK 1.2tSEK 125.4b26.1x20.6x2.1x
Sat, 08 Jun 2024SEK 2.7tSEK 1.2tSEK 125.4b25.5x21.6x2.2x
Mon, 06 May 2024SEK 2.6tSEK 1.2tSEK 125.4b26.8x20.9x2.1x
Wed, 03 Apr 2024SEK 2.6tSEK 1.2tSEK 127.0b24.8x20.4x2.1x
Fri, 01 Mar 2024SEK 2.5tSEK 1.2tSEK 127.0b24.4x19.8x2x
Sun, 28 Jan 2024SEK 2.3tSEK 1.3tSEK 126.6b21.4x18.3x1.9x
Tue, 26 Dec 2023SEK 2.4tSEK 1.2tSEK 119.8b22.2x20.1x2x
Thu, 23 Nov 2023SEK 2.3tSEK 1.2tSEK 119.8b22.1x18.8x1.8x
Sat, 21 Oct 2023SEK 2.0tSEK 1.2tSEK 116.8b21.4x17.4x1.7x
Mon, 18 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b22.1x19.6x1.8x
Wed, 16 Aug 2023SEK 2.1tSEK 1.2tSEK 111.4b23.1x19.2x1.8x
Fri, 14 Jul 2023SEK 2.2tSEK 1.1tSEK 106.2b24.3x20.6x1.9x
Sun, 11 Jun 2023SEK 2.2tSEK 1.1tSEK 106.2b23.9x21x1.9x
Tue, 09 May 2023SEK 2.2tSEK 1.1tSEK 106.1b24x20.4x1.9x
Thu, 06 Apr 2023SEK 2.0tSEK 1.1tSEK 97.3b22x20.8x1.9x
Sat, 04 Mar 2023SEK 2.1tSEK 1.1tSEK 97.3b23.2x21.5x1.9x
Mon, 30 Jan 2023SEK 2.0tSEK 1.1tSEK 99.5b21.3x20.5x1.9x
Price to Earnings Ratio

20.5x


Total Market Cap: SEK 2.0tTotal Earnings: SEK 99.5bTotal Revenue: SEK 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 20.4x202420252026
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 25.5x which is higher than its 3-year average PE of 20.4x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 3.4% per year over the last three years.
  • Revenues for these companies have grown 3.2% 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-1.41%
Industrials-0.82%
Machinery0.0054%
Industrial Machinery0.30%
Construction Machinery and Vehicles-0.49%
Agricultural Machinery-3.32%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 25.3x.
    • 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 23% 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 190.501.3%
+SEK 12.2b		0.4%PE33.6x
SAND SandvikSEK 330.700.7%
+SEK 2.8b		43.7%PE28.1x
VOLV B AB VolvoSEK 315.800.1%
+SEK 610.0m		8.5%PE18x
ALFA Alfa LavalSEK 509.600.2%
+SEK 413.3m		4.4%PE25.3x
XANO B XANO IndustriSEK 88.002.4%
+SEK 124.6m		56.0%PE22.8x

Latest News

TREL B
SEK 379.50
Trelleborg
7D
-1.9%
1Y
-7.0%

TREL B: Future View Will Balance Neutral Stance And Fine Tuned Assumptions

Narrative Update The analyst price target for Trelleborg has edged lower to SEK 385 from SEK 390, as analysts reflect slightly adjusted assumptions on discount rates, growth, profitability and future P/E, while remaining broadly aligned with recent Street research updates. Analyst Commentary Recent research adjusts the price target for Trelleborg to SEK 385 from SEK 390, with analysts keeping a Neutral stance.
HUSQ B
SEK 46.55
Husqvarna
7D
-3.3%
1Y
-21.3%

Why Husqvarna AB (publ) (STO:HUSQ B) Could Be Worth Watching

Jan 22
Why Husqvarna AB (publ) (STO:HUSQ B) Could Be Worth Watching
SKF B
SEK 249.00
AB SKF
7D
-2.4%
1Y
11.8%

SKF B: Index Inclusion And Clean Tech Initiatives Will Temper Mixed Rating Outlook

Analysts have nudged their fair value estimate for AB SKF to SEK 268.53 from SEK 264.44, reflecting recent Street research in which some firms raised price targets while others turned more cautious on growth assumptions and valuation multiples. Analyst Commentary Bullish Takeaways Bullish analysts lifting price targets toward the mid SEK 200s signal confidence that the current share price still leaves room for upside in their models.
ENGCON B
SEK 77.40
engcon
7D
-5.7%
1Y
-30.3%

engcon (STO:ENGCON B) Knows How To Allocate Capital Effectively

Jan 21
engcon (STO:ENGCON B) Knows How To Allocate Capital Effectively
TROAX
SEK 150.00
Troax Group
7D
0.9%
1Y
-31.5%
ALFA
SEK 509.60
Alfa Laval
7D
0.2%
1Y
4.4%

Alfa Laval (STO:ALFA) Is Experiencing Growth In Returns On Capital

Jan 19
Alfa Laval (STO:ALFA) Is Experiencing Growth In Returns On Capital
ALIG
SEK 139.00
Alimak Group
7D
-6.6%
1Y
20.0%

Alimak Group AB (publ)'s (STO:ALIG) Share Price Not Quite Adding Up

Jan 16
Alimak Group AB (publ)'s (STO:ALIG) Share Price Not Quite Adding Up
INDT
SEK 226.80
Indutrade
7D
-3.8%
1Y
-24.7%

Slowing Rates Of Return At Indutrade (STO:INDT) Leave Little Room For Excitement

Jan 12
Slowing Rates Of Return At Indutrade (STO:INDT) Leave Little Room For Excitement
EPI A
SEK 225.10
Epiroc
7D
-1.6%
1Y
5.2%

EPI A: Index Inclusion And Autonomous Mining Will Support Balanced Outlook

Analysts have nudged their fair value estimate for Epiroc higher from SEK 208.50 to about SEK 213.11, citing updated assumptions around the discount rate, revenue growth, profit margins and future P/E that modestly reshape their overall valuation framework. What's in the News Epiroc AB (publ) is being added to the OMX Nordic 40 Index, reflecting its inclusion in a major regional benchmark index (Index Constituent Adds).
SAND
SEK 330.70
Sandvik
7D
0.7%
1Y
43.7%

SAND: Higher P/E Assumptions Will Expose Execution Risk Going Forward

Analysts have lifted their price target on Sandvik from about SEK 177 to SEK 212, reflecting updated assumptions on growth, profitability and P/E that are in line with recent target increases from Citi, RBC and Rothschild & Co Redburn. Analyst Commentary Recent Street research around Sandvik has centered on refreshed price targets and rating changes, giving you a clearer sense of how the market is framing risk and reward.
EPRO B
SEK 60.20
Electrolux Professional
7D
-4.0%
1Y
-17.8%
VOLV B
SEK 315.80
AB Volvo
7D
0.1%
1Y
8.5%

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.
ATCO A
SEK 190.50
Atlas Copco
7D
1.3%
1Y
0.4%

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.
XANO B
SEK 88.00
XANO Industri
7D
2.4%
1Y
56.0%

What XANO Industri AB (publ)'s (STO:XANO B) 35% Share Price Gain Is Not Telling You

Jan 08
What XANO Industri AB (publ)'s (STO:XANO B) 35% Share Price Gain Is Not Telling You
SALT B
SEK 4.22
SaltX Technology Holding
7D
3.9%
1Y
20.6%
CCC
SEK 14.95
Cavotec Group
7D
7.6%
1Y
n/a