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Swedish (OMX) Machinery Industry Analysis

UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies36
  • 7D-0.7%
  • 3M25.1%
  • 1Y10.5%
  • YTD14.8%

Over the last 7 days, the Machinery industry has remained flat, although notably Epiroc declined by 3.5%. The past year has been better, since the industry has gained 6.7% in that time. 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
Thu, 19 Feb 2026SEK 3.0tSEK 1.2tSEK 106.7b24.4x28.1x2.6x
Sat, 17 Jan 2026SEK 2.8tSEK 1.2tSEK 109.9b25.4x25.7x2.4x
Mon, 15 Dec 2025SEK 2.6tSEK 1.2tSEK 109.9b24.4x23.6x2.2x
Wed, 12 Nov 2025SEK 2.5tSEK 1.2tSEK 109.9b24.6x22.7x2.1x
Fri, 10 Oct 2025SEK 2.5tSEK 1.2tSEK 113.3b22.9x22x2.1x
Sun, 07 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b22.8x21.3x2x
Tue, 05 Aug 2025SEK 2.3tSEK 1.2tSEK 113.3b23.8x20.4x2x
Thu, 03 Jul 2025SEK 2.4tSEK 1.2tSEK 123.4b23.8x19.3x2x
Sat, 31 May 2025SEK 2.3tSEK 1.2tSEK 123.4b23.2x18.9x1.9x
Mon, 28 Apr 2025SEK 2.3tSEK 1.2tSEK 123.4b22.1x18.5x1.9x
Wed, 26 Mar 2025SEK 2.6tSEK 1.2tSEK 125.4b24.7x20.5x2.1x
Fri, 21 Feb 2025SEK 2.7tSEK 1.2tSEK 125.5b27.1x21.9x2.3x
Sun, 19 Jan 2025SEK 2.6tSEK 1.2tSEK 124.3b26.5x20.8x2.1x
Tue, 17 Dec 2024SEK 2.5tSEK 1.2tSEK 124.3b26.1x20x2x
Thu, 14 Nov 2024SEK 2.5tSEK 1.2tSEK 124.4b26x19.9x2x
Sat, 12 Oct 2024SEK 2.6tSEK 1.2tSEK 130.0b24.9x20.1x2.1x
Mon, 09 Sep 2024SEK 2.4tSEK 1.2tSEK 130.0b25.5x18.4x1.9x
Wed, 07 Aug 2024SEK 2.4tSEK 1.2tSEK 129.9b23.4x18.3x1.9x
Fri, 05 Jul 2024SEK 2.6tSEK 1.2tSEK 125.4b26.9x21x2.1x
Sun, 02 Jun 2024SEK 2.7tSEK 1.2tSEK 125.4b25.7x21.6x2.2x
Tue, 30 Apr 2024SEK 2.7tSEK 1.2tSEK 125.4b26.5x21.2x2.1x
Thu, 28 Mar 2024SEK 2.7tSEK 1.2tSEK 127.0b24.9x21x2.1x
Sat, 24 Feb 2024SEK 2.5tSEK 1.2tSEK 126.9b24.3x19.8x2x
Mon, 22 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b21.1x19x1.9x
Wed, 20 Dec 2023SEK 2.4tSEK 1.2tSEK 119.8b22.1x20.2x2x
Fri, 17 Nov 2023SEK 2.2tSEK 1.2tSEK 118.5b21.8x18.8x1.8x
Sun, 15 Oct 2023SEK 2.2tSEK 1.2tSEK 111.4b22.5x19.5x1.8x
Tue, 12 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b22.3x19.5x1.8x
Thu, 10 Aug 2023SEK 2.2tSEK 1.2tSEK 111.4b23.4x19.5x1.8x
Sat, 08 Jul 2023SEK 2.2tSEK 1.1tSEK 106.2b24.2x20.3x1.9x
Mon, 05 Jun 2023SEK 2.2tSEK 1.1tSEK 106.2b24x20.9x1.9x
Wed, 03 May 2023SEK 2.1tSEK 1.1tSEK 106.1b23x20.2x1.9x
Fri, 31 Mar 2023SEK 2.1tSEK 1.1tSEK 97.3b22.8x21.3x1.9x
Sun, 26 Feb 2023SEK 2.0tSEK 1.1tSEK 97.3b22.8x20.6x1.8x
Price to Earnings Ratio

20.6x


Total Market Cap: SEK 2.0tTotal Earnings: SEK 97.3bTotal Revenue: SEK 1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 20.5x202420252026
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 27.8x which is higher than its 3-year average PE of 20.5x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 3.1% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Swedish Industrials industry?

SE Market-0.44%
Industrials-1.00%
Machinery-0.69%
Industrial Machinery-0.19%
Construction Machinery and Vehicles-1.57%
Agricultural Machinery-2.82%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 25.4x.
    • Analysts are expecting annual earnings growth of 9.7%, which is higher than its past year's earnings decline of 5.3% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 25.5x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 15% over the next 5 years.
  • However this is lower than its past earnings growth rate of 33% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 9.7% 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 194.900.8%
+SEK 7.5b		5.4%PE35.9x
ALFA Alfa LavalSEK 521.801.5%
+SEK 3.1b		12.5%PE26.1x
TROAX Troax GroupSEK 96.403.4%
+SEK 191.5m		-53.5%PE40.2x
XANO B XANO IndustriSEK 69.304.7%
+SEK 183.9m		15.7%PE23.1x
LYGRD Lyckegård GroupSEK 2.9219.7%
+SEK 32.7m		122.9%PS1x

Latest News

ENGCON B
SEK 71.00
engcon
7D
-18.0%
1Y
-35.5%
BOMILL
SEK 0.51
BoMill
7D
12.9%
1Y
-55.4%
INDT
SEK 224.60
Indutrade
7D
-2.4%
1Y
-29.8%
HUSQ B
SEK 43.97
Husqvarna
7D
-3.0%
1Y
-20.7%

HUSQ B: Golf Partnerships And Cautious Outlook Will Shape A Steady Path

Analysts have trimmed their price target on Husqvarna by SEK 2 to SEK 42, citing updates to fair value assumptions, a slightly higher discount rate, more cautious revenue and margin expectations, and a higher projected future P/E multiple. Analyst Commentary Bearish analysts have highlighted that the latest SEK 2 trim to the price target, to SEK 42, fits into a wider pattern of cautious revisions around Husqvarna.
SAND
SEK 379.80
Sandvik
7D
-1.8%
1Y
62.4%

Sandvik (STO:SAND) Has Announced That It Will Be Increasing Its Dividend To SEK6.00

Feb 13
Sandvik (STO:SAND) Has Announced That It Will Be Increasing Its Dividend To SEK6.00
XANO B
SEK 69.30
XANO Industri
7D
4.7%
1Y
15.7%

We Think XANO Industri's (STO:XANO B) Robust Earnings Are Conservative

Feb 13
We Think XANO Industri's (STO:XANO B) Robust Earnings Are Conservative
LYGRD
SEK 2.92
Lyckegård Group
7D
19.7%
1Y
122.9%
EPI A
SEK 258.80
Epiroc
7D
-2.7%
1Y
20.2%

Automation And Electrification Leadership Will Support Long Term Mining Equipment Demand

Catalysts About Epiroc Epiroc supplies equipment, tools, automation, electrification and digital solutions for mining and infrastructure customers globally. What are the underlying business or industry changes driving this perspective?
CCC
SEK 13.55
Cavotec Group
7D
1.1%
1Y
n/a
EPRO B
SEK 58.10
Electrolux Professional
7D
-5.7%
1Y
-24.9%

Electrolux Professional (STO:EPRO B) Is Increasing Its Dividend To SEK0.90

Feb 09
Electrolux Professional (STO:EPRO B) Is Increasing Its Dividend To SEK0.90
VOLV B
SEK 345.70
AB Volvo
7D
-0.8%
1Y
5.1%

VOLV B: Truck Cycle Uncertainty And Tariff Support Will Shape Medium-Term Returns

Analysts have lifted their price targets on AB Volvo, with the updated fair value estimate moving from SEK 288.51 to about SEK 323.56. This change reflects higher assumed revenue growth, a slightly lower discount rate, and a higher future P/E multiple, broadly in line with recent target increases from major banks.
TROAX
SEK 96.40
Troax Group
7D
3.4%
1Y
-53.5%

TROAX: Centralised Swedish Production Will Drive Future Efficiency And Earnings Repricing

Analysts have lowered their price target for Troax Group from about SEK 194.74 to about SEK 180.90, citing updated assumptions that combine higher projected revenue growth and a richer future P/E multiple with a lower profit margin and a slightly higher discount rate. What's in the News The Board of Directors suggests a dividend of €0.24 per share for the period January to December 2025, compared with €0.34 previously.
ATCO A
SEK 194.90
Atlas Copco
7D
0.8%
1Y
5.4%

ATCO A: Acquisition Push And Mixed Cycle Views Will Shape Balanced Outlook

Analysts have lifted their fair value estimate for Atlas Copco from SEK 191.80 to SEK 193.25, reflecting updated revenue growth and P/E assumptions after a mix of recent target raises, trims and rating changes across the Street. Analyst Commentary Recent research on Atlas Copco has been mixed, with both valuation upgrades and downgrades coming through in quick succession.
ALFA
SEK 521.80
Alfa Laval
7D
1.5%
1Y
12.5%

ALFA: Future Margin Resilience Will Support Higher Fair Value Estimate

Analysts have revised their fair value estimate for Alfa Laval from SEK 530 to SEK 570, citing updated assumptions for revenue growth, profit margins and future P/E expectations. Analyst Commentary Recent research shows a mix of views around Alfa Laval, with some adjustments to price targets and assumptions feeding into the revised fair value estimate of SEK 570.
TREL B
SEK 390.30
Trelleborg
7D
-1.6%
1Y
-7.5%

TREL B: Future View Will Balance Dividend Update And Fine Tuned Expectations

The analyst fair value estimate for Trelleborg has shifted slightly lower to SEK 410.70 from SEK 413.78, as analysts factor in revised revenue growth, profit margin and P/E assumptions alongside recent Street target tweaks in SEK 5 to SEK 10 increments. Analyst Commentary Bullish Takeaways Bullish analysts highlight the recent positive initiation from JPMorgan as a sign that large global firms are paying closer attention to Trelleborg's equity story, even with target tweaks occurring.
OXE
SEK 0.33
OXE Marine
7D
5.1%
1Y
-15.5%

Slammed 29% OXE Marine AB (publ) (STO:OXE) Screens Well Here But There Might Be A Catch

Feb 04
Slammed 29% OXE Marine AB (publ) (STO:OXE) Screens Well Here But There Might Be A Catch