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Swedish (OMX) Industrial Machinery Industry Analysis

UpdatedMay 23, 2026
DataAggregated Company Financials
Companies29
  • 7D4.3%
  • 3M-4.7%
  • 1Y26.1%
  • YTDn/a

In the last week, the Industrial Machinery industry is up 2.1%, with Sandvik up 8.1%. During this same period, the SaltX Technology Holding underperformed, falling 6.4%. This takes the industry's 12 month performance to a gain of 23%. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 23 May 2026SEK 1.9tSEK 550.7bSEK 60.9b26.5x30.8x3.4x
Mon, 20 Apr 2026SEK 2.0tSEK 554.7bSEK 61.3b25.3x32.6x3.6x
Wed, 18 Mar 2026SEK 1.8tSEK 554.6bSEK 61.3b23.6x28.7x3.2x
Fri, 13 Feb 2026SEK 1.9tSEK 555.2bSEK 61.1b25.2x31.5x3.5x
Sun, 11 Jan 2026SEK 1.8tSEK 560.9bSEK 63.8b25.6x28.2x3.2x
Tue, 09 Dec 2025SEK 1.7tSEK 561.0bSEK 63.8b24.9x26.9x3.1x
Thu, 06 Nov 2025SEK 1.7tSEK 561.2bSEK 63.8b24.2x25.9x2.9x
Sat, 04 Oct 2025SEK 1.7tSEK 563.9bSEK 64.4b22.9x25.8x2.9x
Mon, 01 Sep 2025SEK 1.5tSEK 563.9bSEK 64.3b22.9x23.9x2.7x
Wed, 30 Jul 2025SEK 1.5tSEK 564.0bSEK 64.4b23.4x23.8x2.7x
Fri, 27 Jun 2025SEK 1.5tSEK 573.3bSEK 66.7b22.9x21.9x2.6x
Sun, 25 May 2025SEK 1.5tSEK 573.1bSEK 66.7b21.9x22.2x2.6x
Tue, 22 Apr 2025SEK 1.4tSEK 570.9bSEK 66.9b21.1x20.9x2.5x
Thu, 20 Mar 2025SEK 1.7tSEK 570.7bSEK 64.4b25.4x25.9x2.9x
Sat, 15 Feb 2025SEK 1.8tSEK 570.8bSEK 64.5b27.1x27.4x3.1x
Mon, 13 Jan 2025SEK 1.6tSEK 567.5bSEK 61.9b26.5x26.3x2.9x
Wed, 11 Dec 2024SEK 1.7tSEK 567.5bSEK 61.9b27.7x27x2.9x
Fri, 08 Nov 2024SEK 1.7tSEK 567.5bSEK 61.9b28.1x27.3x3x
Sun, 06 Oct 2024SEK 1.8tSEK 571.2bSEK 63.0b25.3x28x3.1x
Tue, 03 Sep 2024SEK 1.7tSEK 571.2bSEK 63.0b26.5x27x3x
Thu, 01 Aug 2024SEK 1.7tSEK 571.3bSEK 63.0b25.6x27.6x3x
Sat, 29 Jun 2024SEK 1.8tSEK 569.9bSEK 62.4b27.2x28.1x3.1x
Mon, 27 May 2024SEK 1.8tSEK 570.0bSEK 62.4b25.6x29.4x3.2x
Wed, 24 Apr 2024SEK 1.7tSEK 568.7bSEK 61.8b26.1x26.8x2.9x
Fri, 22 Mar 2024SEK 1.7tSEK 570.5bSEK 64.4b26.3x27x3x
Sun, 18 Feb 2024SEK 1.6tSEK 570.3bSEK 64.2b24.4x25.2x2.8x
Tue, 16 Jan 2024SEK 1.5tSEK 562.7bSEK 62.6b21.9x24.2x2.7x
Thu, 14 Dec 2023SEK 1.5tSEK 562.7bSEK 62.6b21.4x24.3x2.7x
Sat, 11 Nov 2023SEK 1.4tSEK 556.4bSEK 61.3b20.9x22.7x2.5x
Mon, 09 Oct 2023SEK 1.4tSEK 548.1bSEK 59.6b22.7x23x2.5x
Wed, 06 Sep 2023SEK 1.4tSEK 548.2bSEK 59.6b22.3x23.5x2.6x
Fri, 04 Aug 2023SEK 1.4tSEK 548.2bSEK 59.6b25.3x23.2x2.5x
Sun, 02 Jul 2023SEK 1.5tSEK 520.8bSEK 55.7b26.2x26.1x2.8x
Tue, 30 May 2023SEK 1.5tSEK 520.7bSEK 55.7b27.2x26.1x2.8x
Price to Earnings Ratio

26.1x


Total Market Cap: SEK 1.5tTotal Earnings: SEK 55.7bTotal Revenue: SEK 520.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Industrial Machinery Industry Price to Earnings3Y Average 25.9x202420252026
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 30.5x which is higher than its 3-year average PE of 25.9x.
  • The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 3.4x.
Past Earnings Growth
  • The earnings for companies in the Industrial Machinery industry have grown 3.0% 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 Comparison

How does Swedish Industrial Machinery compare with similar industries?

SE Market3.21%
Industrials2.83%
Machinery2.33%
Industrial Machinery4.31%
Agricultural Machinery0.32%
Construction Machinery and Vehicles-1.24%
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 382.408.1%
+SEK 36.0b		87.0%PE32.3x
ATCO A Atlas CopcoSEK 177.202.5%
+SEK 21.2b		13.8%PE33.1x
SKF B AB SKFSEK 239.605.6%
+SEK 5.8b		18.7%PE29x
ALFA Alfa LavalSEK 551.402.6%
+SEK 5.7b		36.0%PE27.9x
TREL B TrelleborgSEK 399.604.7%
+SEK 4.0b		15.1%PE24.6x

Latest News

TROAX
SEK 111.00
Troax Group
7D
6.1%
1Y
-24.6%
GARPCO B
SEK 258.00
Garpco Aktiebolag
7D
-6.5%
1Y
0.8%
CNCJO B
SEK 47.90
Concejo
7D
-0.8%
1Y
13.0%
ALFA
SEK 551.40
Alfa Laval
7D
2.6%
1Y
36.0%
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.
CI
SEK 0.15
Cell Impact
7D
-9.0%
1Y
-65.7%
SALT B
SEK 6.39
SaltX Technology Holding
7D
-6.4%
1Y
48.4%
ATCO A
SEK 177.20
Atlas Copco
7D
2.5%
1Y
13.8%
SINT
SEK 101.50
SinterCast
7D
-1.0%
1Y
-8.6%
TREL B
SEK 399.60
Trelleborg
7D
4.7%
1Y
15.1%
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 382.40
Sandvik
7D
8.1%
1Y
87.0%
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.
FREEM
SEK 1.34
Freemelt Holding
7D
-0.4%
1Y
-44.3%
BEIA B
SEK 312.00
Beijer Alma
7D
3.1%
1Y
52.2%
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 200.00
Indutrade
7D
5.8%
1Y
-23.4%
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.
IMPC
SEK 2.89
Impact Coatings
7D
-1.0%
1Y
-6.2%
CCC
SEK 13.25
Cavotec Group
7D
-0.4%
1Y
n/a
SKF B
SEK 239.60
AB SKF
7D
5.6%
1Y
18.7%