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Swedish (OMX) Industrial Machinery Industry Analysis

UpdatedApr 08, 2026
DataAggregated Company Financials
Companies29
  • 7D2.1%
  • 3M-1.6%
  • 1Y32.2%
  • YTDn/a

Atlas Copco is up 3.8%, leading the way for the Industrial Machinery industry, which has gained 4.1%. During this same period, the Impact Coatings underperformed, falling 13%. In the last 12 months, the industry was up 28%. Looking forward, earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 Apr 2026SEK 1.8tSEK 554.8bSEK 61.3b23.8x29x3.2x
Fri, 06 Mar 2026SEK 1.9tSEK 554.6bSEK 61.3b24.3x30.4x3.4x
Sun, 01 Feb 2026SEK 1.8tSEK 554.5bSEK 61.4b25.6x30x3.3x
Tue, 30 Dec 2025SEK 1.7tSEK 561.0bSEK 63.8b25.4x26.7x3x
Thu, 27 Nov 2025SEK 1.6tSEK 561.0bSEK 63.8b24.3x25.6x2.9x
Sat, 25 Oct 2025SEK 1.7tSEK 561.0bSEK 64.2b24.6x26.7x3x
Mon, 22 Sep 2025SEK 1.6tSEK 563.9bSEK 64.4b23.4x24.9x2.8x
Wed, 20 Aug 2025SEK 1.5tSEK 564.0bSEK 64.4b23.6x24.1x2.7x
Fri, 18 Jul 2025SEK 1.6tSEK 571.0bSEK 66.4b24x23.9x2.8x
Sun, 15 Jun 2025SEK 1.5tSEK 573.2bSEK 66.7b22.4x22.2x2.6x
Tue, 13 May 2025SEK 1.5tSEK 573.2bSEK 66.6b22.1x23.2x2.7x
Thu, 10 Apr 2025SEK 1.3tSEK 570.6bSEK 64.4b20.8x20.4x2.3x
Sat, 08 Mar 2025SEK 1.7tSEK 570.7bSEK 64.4b25.9x26.8x3x
Mon, 03 Feb 2025SEK 1.7tSEK 570.4bSEK 64.1b28.6x27.3x3.1x
Wed, 01 Jan 2025SEK 1.6tSEK 567.5bSEK 61.9b26.9x25.5x2.8x
Fri, 29 Nov 2024SEK 1.6tSEK 567.5bSEK 61.9b26x25.8x2.8x
Sun, 27 Oct 2024SEK 1.7tSEK 569.5bSEK 62.0b26.4x26.7x2.9x
Tue, 24 Sep 2024SEK 1.7tSEK 571.2bSEK 63.0b26.2x26.7x2.9x
Thu, 22 Aug 2024SEK 1.7tSEK 571.2bSEK 62.9b25.5x26.6x2.9x
Sat, 20 Jul 2024SEK 1.7tSEK 570.3bSEK 62.6b25.1x26.9x3x
Mon, 17 Jun 2024SEK 1.8tSEK 569.8bSEK 62.3b26.9x28.2x3.1x
Wed, 15 May 2024SEK 1.8tSEK 570.0bSEK 62.3b25.8x28.9x3.2x
Fri, 12 Apr 2024SEK 1.7tSEK 570.6bSEK 64.4b26.1x26.1x2.9x
Sun, 10 Mar 2024SEK 1.7tSEK 570.4bSEK 64.4b25.1x26.1x2.9x
Tue, 06 Feb 2024SEK 1.5tSEK 568.3bSEK 63.9b22.2x24.2x2.7x
Thu, 04 Jan 2024SEK 1.5tSEK 562.7bSEK 62.6b22.2x24.5x2.7x
Sat, 02 Dec 2023SEK 1.5tSEK 562.7bSEK 62.6b21.8x23.9x2.7x
Mon, 30 Oct 2023SEK 1.3tSEK 556.5bSEK 61.3b21.5x21.6x2.4x
Wed, 27 Sep 2023SEK 1.3tSEK 548.1bSEK 59.6b22.1x22.4x2.4x
Fri, 25 Aug 2023SEK 1.4tSEK 548.2bSEK 59.6b21.8x22.8x2.5x
Sun, 23 Jul 2023SEK 1.4tSEK 548.0bSEK 59.7b25.3x23.5x2.6x
Tue, 20 Jun 2023SEK 1.5tSEK 520.8bSEK 55.7b27.3x26.3x2.8x
Thu, 18 May 2023SEK 1.4tSEK 520.4bSEK 55.6b25.2x25.7x2.7x
Sat, 15 Apr 2023SEK 1.4tSEK 492.7bSEK 53.0b23.7x25.5x2.7x
Price to Earnings Ratio

25.5x


Total Market Cap: SEK 1.4tTotal Earnings: SEK 53.0bTotal Revenue: SEK 492.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Industrial Machinery Industry Price to Earnings3Y Average 25.6x202420252026
Current Industry PE
  • Investors are optimistic on the Swedish Industrial Machinery industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 28.8x which is higher than its 3-year average PE of 25.6x.
  • The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Industrial Machinery industry have grown 5.0% per year over the last three years.
  • Revenues for these companies have grown 4.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Swedish Industrial Machinery compare with similar industries?

SE Market1.06%
Industrials1.36%
Machinery1.88%
Industrial Machinery2.13%
Construction Machinery and Vehicles1.43%
Agricultural Machinery1.00%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SAND SandvikSEK 370.103.6%
+SEK 15.9b		108.0%PE31.6x
ATCO A Atlas CopcoSEK 166.201.9%
+SEK 14.9b		17.4%PE30.6x
ALFA Alfa LavalSEK 524.003.2%
+SEK 6.7b		36.7%PE26.2x
TREL B TrelleborgSEK 351.600.8%
+SEK 627.4m		9.2%PE21.9x
BEIA B Beijer AlmaSEK 246.503.1%
+SEK 452.0m		46.6%PE26.2x

Latest News

ATCO A
SEK 166.20
Atlas Copco
7D
1.9%
1Y
17.4%

ATCO A: Special Dividend And Operating Leverage Will Support Future Upside

Narrative Update Analysts have made a small downward tweak to the Atlas Copco price target, trimming it by SEK 0.25, as they balance mixed recent broker actions with slightly adjusted assumptions for revenue, profit margins and future P/E. Analyst Commentary Recent research on Atlas Copco has been mixed, with several firms adjusting ratings and price targets in different directions over a short period.
OPTI
SEK 2.12
OptiCept Technologies
7D
-7.0%
1Y
-45.8%
EPRO B
SEK 51.50
Electrolux Professional
7D
2.2%
1Y
-6.5%
TROAX
SEK 98.80
Troax Group
7D
2.6%
1Y
-39.2%

TROAX: Swedish Reshoring And Automation Will Support Future Upside

Analysts have adjusted their price target for Troax Group slightly, with fair value now at SEK156.29 compared with the previous SEK158.01. The change reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E multiples.
INDT
SEK 211.80
Indutrade
7D
-1.2%
1Y
-14.7%

INDT: Upgraded Outlook And Acquisition Pipeline Will Support Future Earnings Resilience

Analysts have made a slight adjustment to their price target for Indutrade to SEK 315.42 from SEK 315.49. This change reflects updated assumptions around discount rates, revenue growth, profit margins and future P/E following recent research.
TREL B
SEK 351.60
Trelleborg
7D
0.8%
1Y
9.2%

TREL B: Future View Will Center On Conviction List Portfolio Shift

Analysts have nudged their fair value estimate for Trelleborg down by about SEK 3 to SEK 405.9, reflecting slightly higher discount rate assumptions and recent SEK 10 target trims at Citi and JPMorgan, even as some research highlights the company’s push towards structural growth areas. Analyst Commentary Recent research has focused on how Trelleborg is repositioning its portfolio, while also fine tuning valuation assumptions through a series of price target updates.
ALFA
SEK 524.00
Alfa Laval
7D
3.2%
1Y
36.7%

ALFA: Fair Outlook Balances Tanker Demand Opportunities With Execution And Pricing Risks

Alfa Laval's analyst fair value estimate has moved from SEK 479.33 to SEK 518.13. Analysts attribute this change to higher price targets from JPMorgan, Deutsche Bank and Morgan Stanley, along with updated assumptions for revenue growth, profit margin and future P/E as key drivers of this shift.
SINT
SEK 89.80
SinterCast
7D
-4.9%
1Y
-13.3%
BEIA B
SEK 246.50
Beijer Alma
7D
3.1%
1Y
46.6%
ALIG
SEK 106.60
Alimak Group
7D
-0.4%
1Y
-7.5%

ALIG: Acquisition Pipeline And Dividend Policy Will Support Future Upside Potential

Analysts have kept Alimak Group's SEK 148.67 price target unchanged, citing only small adjustments to the discount rate and future P/E assumptions, with no new Street research to materially shift the valuation view. What's in the News Alimak Group AB is actively looking for acquisitions, with management highlighting ongoing work on potential deals supported by relatively low leverage and available financial capacity (Key Developments).
SAND
SEK 370.10
Sandvik
7D
3.6%
1Y
108.0%

SAND: Elevated P/E Assumptions Will Expose Mining Cycle Execution Risk

The updated analyst price target for Sandvik now reflects a fair value estimate of SEK 226.86, up from SEK 216.17, with analysts pointing to higher Street targets in the SEK 355 to SEK 404 range and slightly revised assumptions for growth, profitability, and future P/E multiples. Analyst Commentary Recent Street research around Sandvik presents a split picture, with several higher price targets on one side and more cautious positioning on the other.
SALT B
SEK 3.98
SaltX Technology Holding
7D
-5.7%
1Y
-19.6%

We're Keeping An Eye On SaltX Technology Holding's (STO:SALT B) Cash Burn Rate

Mar 24
We're Keeping An Eye On SaltX Technology Holding's (STO:SALT B) Cash Burn Rate
SKF B
SEK 223.20
AB SKF
7D
-0.4%
1Y
32.9%

SKF B: Mixed Rating Shifts Will Support Constructive SEK 260 Upside Potential

Analysts have made a modest upward shift in the SEK price target for AB SKF, with recent SEK 260 updates described in the context of mixed rating changes and revised expectations for margins, discount rates and future P/E multiples. Analyst Commentary Recent research on AB SKF reflects a mixed backdrop, with some firms adjusting price targets higher toward SEK 260 while several large houses have moved to more cautious ratings.
XANO B
SEK 55.20
XANO Industri
7D
-2.0%
1Y
8.2%
CCC
SEK 12.90
Cavotec Group
7D
6.6%
1Y
n/a
BIOEX
SEK 2.52
Bioextrax
7D
-10.0%
1Y
2.4%