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Swedish (OMX) Machinery Industry Analysis

UpdatedMay 20, 2026
DataAggregated Company Financials
Companies38
  • 7D-1.6%
  • 3M-7.4%
  • 1Y14.5%
  • YTD6.3%

Over the last 7 days, the Machinery industry has dropped 2.7%, driven by a pullback from Atlas Copco of 2.7%. This takes the industry's 12 month performance to a gain of 15%. 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
Wed, 20 May 2026SEK 2.8tSEK 1.1tSEK 104.8b25.9x26.6x2.5x
Fri, 17 Apr 2026SEK 2.9tSEK 1.2tSEK 106.7b24.7x27.3x2.5x
Sun, 15 Mar 2026SEK 2.8tSEK 1.2tSEK 106.7b22.1x25.8x2.4x
Tue, 10 Feb 2026SEK 3.0tSEK 1.2tSEK 106.6b24.9x27.9x2.6x
Thu, 08 Jan 2026SEK 2.7tSEK 1.2tSEK 109.9b25x24.8x2.3x
Sat, 06 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.5x23.7x2.2x
Mon, 03 Nov 2025SEK 2.5tSEK 1.2tSEK 110.0b24.4x22.6x2.1x
Wed, 01 Oct 2025SEK 2.4tSEK 1.2tSEK 113.3b22.5x21.3x2x
Fri, 29 Aug 2025SEK 2.4tSEK 1.2tSEK 113.2b23.2x21.4x2.1x
Sun, 27 Jul 2025SEK 2.4tSEK 1.2tSEK 113.3b24.6x21.4x2x
Tue, 24 Jun 2025SEK 2.3tSEK 1.2tSEK 123.4b23.5x18.3x1.9x
Thu, 22 May 2025SEK 2.4tSEK 1.2tSEK 123.4b22.8x19.5x2x
Sat, 19 Apr 2025SEK 2.2tSEK 1.2tSEK 128.0b21.1x17x1.8x
Mon, 17 Mar 2025SEK 2.6tSEK 1.2tSEK 125.4b25.2x20.9x2.2x
Wed, 12 Feb 2025SEK 2.7tSEK 1.2tSEK 125.5b26.3x21.2x2.2x
Fri, 10 Jan 2025SEK 2.5tSEK 1.2tSEK 124.3b25.5x20.2x2.1x
Sun, 08 Dec 2024SEK 2.6tSEK 1.2tSEK 124.4b26.3x20.7x2.1x
Tue, 05 Nov 2024SEK 2.5tSEK 1.2tSEK 124.3b27.4x20.1x2x
Thu, 03 Oct 2024SEK 2.6tSEK 1.2tSEK 130.0b24.9x20.2x2.1x
Sat, 31 Aug 2024SEK 2.6tSEK 1.2tSEK 129.9b26.9x19.8x2.1x
Mon, 29 Jul 2024SEK 2.6tSEK 1.2tSEK 130.0b25.1x19.7x2.1x
Wed, 26 Jun 2024SEK 2.6tSEK 1.2tSEK 125.4b26.8x20.9x2.1x
Fri, 24 May 2024SEK 2.8tSEK 1.2tSEK 125.4b25.7x22.1x2.2x
Sun, 21 Apr 2024SEK 2.6tSEK 1.2tSEK 128.1b23.2x20x2x
Tue, 19 Mar 2024SEK 2.6tSEK 1.2tSEK 127.0b23.1x20.7x2.1x
Thu, 15 Feb 2024SEK 2.4tSEK 1.2tSEK 126.9b22.1x18.8x1.9x
Sat, 13 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b22.7x19.5x1.9x
Mon, 11 Dec 2023SEK 2.3tSEK 1.2tSEK 119.8b22x19.5x1.9x
Wed, 08 Nov 2023SEK 2.1tSEK 1.2tSEK 118.6b22.3x17.7x1.7x
Fri, 06 Oct 2023SEK 2.1tSEK 1.2tSEK 111.4b22.1x18.9x1.8x
Sun, 03 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b21.1x19.3x1.8x
Tue, 01 Aug 2023SEK 2.2tSEK 1.2tSEK 111.4b24.2x20.1x1.9x
Thu, 29 Jun 2023SEK 2.2tSEK 1.1tSEK 106.2b24.5x20.7x1.9x
Sat, 27 May 2023SEK 2.2tSEK 1.1tSEK 106.3b24x20.6x1.9x
Price to Earnings Ratio

20.6x


Total Market Cap: SEK 2.2tTotal Earnings: SEK 106.3bTotal Revenue: SEK 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 21x202420252026
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 26.8x which is higher than its 3-year average PE of 21.0x.
  • The 3-year average PS ratio of 2.1x 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 Market0.71%
Industrials-0.97%
Machinery-1.57%
Industrial Machinery-0.78%
Construction Machinery and Vehicles-3.01%
Agricultural Machinery-3.04%
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 11.2%, 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 24.4x.
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
ALFA Alfa LavalSEK 543.601.7%
+SEK 3.7b		28.6%PE27.5x
TREL B TrelleborgSEK 391.402.8%
+SEK 2.4b		8.5%PE24.1x
INDT IndutradeSEK 195.601.8%
+SEK 1.3b		-28.8%PE28.1x
SAND SandvikSEK 360.600.2%
+SEK 752.6m		68.0%PE30.5x
ENGCON B engconSEK 68.004.8%
+SEK 472.7m		-29.2%PE44.2x

Latest News

ALFA
SEK 543.60
Alfa Laval
7D
1.7%
1Y
28.6%
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.
SALT B
SEK 6.31
SaltX Technology Holding
7D
6.9%
1Y
45.7%
VOLV B
SEK 310.20
AB Volvo
7D
-2.8%
1Y
12.3%
EPI A
SEK 260.10
Epiroc
7D
-3.8%
1Y
17.9%
Narrative Update • May 15

EPI A: African Automation Orders And Emissions Shift Will Support Steady Future P/E

Analysts have raised their price target for Epiroc from SEK 242.53 to SEK 266.40, citing updated assumptions for revenue growth, profit margin and the future P/E multiple. What's in the News Epiroc won a large order for mining equipment from Mopani Copper Mines in Zambia, valued at about US$20 million (SEK 180 million), including Minetruck haulers, Scooptram loaders and related service, with deliveries under way and scheduled to finish by year end (Key Developments).
ATCO A
SEK 171.50
Atlas Copco
7D
-2.7%
1Y
3.9%
XANO B
SEK 49.95
XANO Industri
7D
6.3%
1Y
0.8%
HUSQ B
SEK 42.60
Husqvarna
7D
-3.1%
1Y
-15.3%
Narrative Update • May 15

HUSQ B: SEB Upgrade And Refined Assumptions Will Support Repricing

Analysts have maintained their SEK 63.00 price target for Husqvarna, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E, along with new Street research that includes a recent upgrade at SEB Equities. Analyst Commentary Recent Street research on Husqvarna highlights a more constructive tone from bullish analysts, who are aligning around updated assumptions for discount rates, revenue trends, profit margins and future P/E levels.
ENGCON B
SEK 68.00
engcon
7D
4.8%
1Y
-29.2%
TREL B
SEK 391.40
Trelleborg
7D
2.8%
1Y
8.5%
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 360.60
Sandvik
7D
0.2%
1Y
68.0%
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.
EPRO B
SEK 45.60
Electrolux Professional
7D
3.1%
1Y
-27.6%
BEIA B
SEK 301.00
Beijer Alma
7D
-0.2%
1Y
41.0%
Analysis Article • May 05

Investors Can Find Comfort In Beijer Alma's (STO:BEIA B) Earnings Quality

The market was pleased with the recent earnings report from Beijer Alma AB (publ) ( STO:BEIA B ), despite the profit...
INDT
SEK 195.60
Indutrade
7D
1.8%
1Y
-28.8%
Narrative Update • May 04

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.
CCC
SEK 13.45
Cavotec Group
7D
-3.2%
1Y
n/a
SKF B
SEK 230.40
AB SKF
7D
-0.8%
1Y
9.1%
ARENIT SDB
SEK 72.00
Arenit Industrie
7D
-2.2%
1Y
n/a