Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Swedish (OMX) Machinery Industry Analysis

UpdatedAug 05, 2026
DataAggregated Company Financials
Companies38
  • 7D4.1%
  • 3M5.4%
  • 1Y34.9%
  • YTD20.1%

The Machinery industry is up 4.1% in the last week, with Atlas Copco up 8.3%. This takes the industry's 12 month performance to a gain of 35%. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 06 Aug 2026SEK 3.1tSEK 1.2tSEK 111.2b25.7x28.2x2.7x
Sat, 04 Jul 2026SEK 3.1tSEK 1.1tSEK 104.8b27.7x29.3x2.7x
Mon, 01 Jun 2026SEK 2.9tSEK 1.1tSEK 104.8b25.5x27.5x2.5x
Wed, 29 Apr 2026SEK 2.8tSEK 1.1tSEK 105.2b25.3x26.9x2.5x
Fri, 27 Mar 2026SEK 2.6tSEK 1.2tSEK 106.7b21.4x24.7x2.3x
Sun, 22 Feb 2026SEK 3.0tSEK 1.2tSEK 106.7b25x28.3x2.6x
Tue, 20 Jan 2026SEK 2.8tSEK 1.2tSEK 109.9b25x25.1x2.4x
Thu, 18 Dec 2025SEK 2.5tSEK 1.2tSEK 109.9b23.7x23x2.2x
Sat, 15 Nov 2025SEK 2.4tSEK 1.2tSEK 109.9b24.1x22.2x2.1x
Mon, 13 Oct 2025SEK 2.5tSEK 1.2tSEK 113.3b22.5x21.8x2.1x
Wed, 10 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b23.2x21.4x2.1x
Fri, 08 Aug 2025SEK 2.4tSEK 1.2tSEK 113.3b24.2x20.9x2x
Sun, 06 Jul 2025SEK 2.4tSEK 1.2tSEK 123.4b23.9x19.1x1.9x
Tue, 03 Jun 2025SEK 2.3tSEK 1.2tSEK 123.4b23.8x18.6x1.9x
Thu, 01 May 2025SEK 2.3tSEK 1.2tSEK 123.2b21.5x18.4x1.9x
Sat, 29 Mar 2025SEK 2.5tSEK 1.2tSEK 125.5b23.6x19.7x2x
Mon, 24 Feb 2025SEK 2.7tSEK 1.2tSEK 125.5b26.8x21.7x2.2x
Wed, 22 Jan 2025SEK 2.6tSEK 1.2tSEK 124.3b27.6x20.9x2.1x
Fri, 20 Dec 2024SEK 2.4tSEK 1.2tSEK 124.3b26x19.5x2x
Sun, 17 Nov 2024SEK 2.5tSEK 1.2tSEK 124.4b25.5x19.8x2x
Tue, 15 Oct 2024SEK 2.6tSEK 1.2tSEK 130.0b24.9x20.1x2.1x
Thu, 12 Sep 2024SEK 2.4tSEK 1.2tSEK 130.0b25.6x18.5x1.9x
Sat, 10 Aug 2024SEK 2.4tSEK 1.2tSEK 129.9b24.5x18.7x2x
Mon, 08 Jul 2024SEK 2.6tSEK 1.2tSEK 125.4b26.8x20.8x2.1x
Wed, 05 Jun 2024SEK 2.7tSEK 1.2tSEK 125.4b25.6x21.4x2.2x
Fri, 03 May 2024SEK 2.6tSEK 1.2tSEK 125.4b26.5x20.8x2.1x
Sun, 31 Mar 2024SEK 2.6tSEK 1.2tSEK 127.0b24.9x20.4x2.1x
Tue, 27 Feb 2024SEK 2.5tSEK 1.2tSEK 127.0b24.6x19.9x2x
Thu, 25 Jan 2024SEK 2.3tSEK 1.2tSEK 119.6b21.4x19.5x1.9x
Sat, 23 Dec 2023SEK 2.4tSEK 1.2tSEK 119.8b22.2x20.1x2x
Mon, 20 Nov 2023SEK 2.2tSEK 1.2tSEK 119.8b21.6x18.5x1.8x
Wed, 18 Oct 2023SEK 2.2tSEK 1.2tSEK 111.4b21.9x19.4x1.8x
Fri, 15 Sep 2023SEK 2.2tSEK 1.2tSEK 111.4b22.2x19.4x1.8x
Sun, 13 Aug 2023SEK 2.2tSEK 1.2tSEK 111.4b23.5x19.4x1.8x
Price to Earnings Ratio

19.4x


Total Market Cap: SEK 2.2tTotal Earnings: SEK 111.4bTotal Revenue: SEK 1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Machinery Industry Price to Earnings3Y Average 21.5x202420252026
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 28.2x which is higher than its 3-year average PE of 21.5x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.7x.
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%
Industrials2.87%
Machinery4.12%
Industrial Machinery4.91%
Construction Machinery and Vehicles2.67%
Agricultural Machinery1.61%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 26.3x.
    • Analysts are expecting annual earnings growth of 12.5%, which is higher than its past year's earnings decline of 5.2% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 23.3x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 13% 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 210.208.3%
+SEK 78.5b		46.0%PE38.5x
SAND SandvikSEK 374.508.0%
+SEK 34.7b		60.4%PE27.9x
EPI A EpirocSEK 253.907.4%
+SEK 21.1b		29.6%PE34.8x
ALFA Alfa LavalSEK 567.403.7%
+SEK 8.3b		35.1%PE28.6x
VOLV B AB VolvoSEK 366.400.6%
+SEK 4.7b		32.1%PE20.8x

Latest News

VOLV B
SEK 366.40
AB Volvo
7D
0.6%
1Y
32.1%
Narrative Update • Aug 04

VOLV B: Autonomous Truck And Hydrogen Engine Expansion Will Support Future Earnings

Analysts have raised the fair value estimate for AB Volvo shares from SEK 395.00 to about SEK 444.15, citing recent upward revisions to Street price targets and updated assumptions for revenue growth, profit margins and future P/E levels. Analyst Commentary Recent Street research on AB Volvo shows a cluster of higher price targets and a rating upgrade that point to growing confidence in how the company is executing and how the stock is valued.
EPI A
SEK 253.90
Epiroc
7D
7.4%
1Y
29.6%
Narrative Update • Aug 03

EPI A: Connectivity Partnerships And Autonomy Rollout Will Support Balanced Outlook

Analysts have lifted their price target for Epiroc from SEK185 to about SEK222.63, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E that together support a higher valuation framework. What’s in the News for Epiroc Epiroc Mexico and Rajant Corporation agreed a partnership to offer deployment ready Kinetic Mesh wireless connectivity for mining customers in Mexico, with a focus on more reliable communications for mobile equipment fleets and support for automation.
TREL B
SEK 436.00
Trelleborg
7D
3.7%
1Y
25.9%
Narrative Update • Aug 01

TREL B: Future View Will Balance Expanded Buybacks And Mixed Rating Signals

Trelleborg's updated analyst price target rises to SEK 446 from SEK 429, with analysts pointing to slightly higher revenue growth assumptions, a modestly lower discount rate and a recalibrated future P/E multiple as key drivers of the change. Analyst Commentary Recent Street research on Trelleborg shows a mix of cautious and constructive views on the stock, with price targets set in both CHF and SEK.
INDT
SEK 248.60
Indutrade
7D
4.0%
1Y
7.1%
Narrative Update • Jul 31

INDT: Fair Outlook Will Balance Mixed Broker Views And New CFO Appointment

Analysts have lifted the indicative fair value for Indutrade to SEK 261 from SEK 211, citing updated assumptions on discount rates, revenue growth, profit margins and future P/E levels, as well as recent changes in broker price targets and ratings. Analyst Commentary Recent street research on Indutrade shows a mix of views, with some analysts more upbeat on the stock and others resetting expectations.
ALFA
SEK 567.40
Alfa Laval
7D
3.7%
1Y
35.1%
Narrative Update • Jul 29

ALFA: Future Order Momentum In Energy Transition Projects Will Support Higher Fair Value Estimate

The analyst fair value estimate for Alfa Laval has been raised from SEK 635 to SEK 690. This reflects a series of recent price target increases from multiple banks as analysts update their assumptions on growth, margins and required returns.
CCC
SEK 12.20
Cavotec Group
7D
-2.4%
1Y
-31.1%
SKF B
SEK 264.20
AB SKF
7D
3.2%
1Y
15.7%
Narrative Update • Jul 24

SKF B: Rich P E Looks Vulnerable As Margin Delivery Risks Persist

The updated analyst price target for AB SKF shifts to SEK 205.00 from SEK 209.32, reflecting Street research that points to SEK 230.00 to SEK 290.00 targets, as analysts factor in slightly firmer margin assumptions and a lower future P/E. Analyst Commentary Recent Street research on AB SKF highlights a mix of views on the stock, with several firms adjusting price targets into the SEK 230.00 to SEK 290.00 range.
ATCO A
SEK 210.20
Atlas Copco
7D
8.3%
1Y
46.0%
Narrative Update • Jul 22

ATCO A: Capex Upcycle Exposure Will Support Higher Future Earnings Power

The analyst fair value estimate for Atlas Copco has shifted from SEK 220.0 to SEK 250.0 as analysts point to higher assumed revenue growth, slightly stronger profit margins, a modestly higher future P/E, and broad support from recent Street price target increases. Analyst Commentary Recent Street research on Atlas Copco has turned more constructive, with several high profile firms lifting price targets and, in one case, upgrading the stock rating.
VBG B
SEK 324.50
VBG Group
7D
-1.1%
1Y
18.9%
Analysis Article • Jul 22

VBG Group AB (publ) (STO:VBG B) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates

Last week, you might have seen that VBG Group AB (publ) ( STO:VBG B ) released its second-quarter result to the market...
SAND
SEK 374.50
Sandvik
7D
8.0%
1Y
60.4%
Narrative Update • Jul 21

SAND: Mining Contract Wins And Q2 Execution Will Drive Further Upside

For Sandvik, the analyst fair value estimate has been raised from SEK 383.95 to SEK 394.15. This reflects updated views on valuation after recent price target revisions and rating changes across the Street research.
ENGCON B
SEK 65.10
engcon
7D
-0.5%
1Y
-18.1%
AGES B
SEK 46.80
AGES Industri
7D
-3.3%
1Y
-13.7%
OPTI
SEK 2.69
OptiCept Technologies
7D
-4.3%
1Y
-35.6%
BIOEX
SEK 2.30
Bioextrax
7D
-10.2%
1Y
-34.5%
ARENIT SDB
SEK 102.00
Arenit Industrie
7D
-3.8%
1Y
n/a
IMPC
SEK 3.20
Impact Coatings
7D
-8.0%
1Y
-21.0%