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Swedish (OMX) Machinery Industry Analysis

UpdatedJul 21, 2026
DataAggregated Company Financials
Companies38
  • 7D-1.8%
  • 3M-0.9%
  • 1Y23.1%
  • YTD11.4%

Over the last 7 days, the Machinery industry has dropped 1.8%, driven by Sandvik declining 14%. Over the past 12 months, the industry was up 23%. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Jul 2026SEK 2.9tSEK 1.2tSEK 111.2b24x26.2x2.5x
Thu, 18 Jun 2026SEK 3.0tSEK 1.1tSEK 104.8b26.5x28.4x2.6x
Sat, 16 May 2026SEK 2.8tSEK 1.1tSEK 104.7b26x26.7x2.5x
Mon, 13 Apr 2026SEK 2.9tSEK 1.2tSEK 106.7b24.6x27.3x2.5x
Wed, 11 Mar 2026SEK 2.9tSEK 1.2tSEK 106.7b22.8x26.8x2.5x
Fri, 06 Feb 2026SEK 3.0tSEK 1.2tSEK 106.7b24.7x27.7x2.6x
Sun, 04 Jan 2026SEK 2.6tSEK 1.2tSEK 109.9b24.7x23.8x2.2x
Tue, 02 Dec 2025SEK 2.5tSEK 1.2tSEK 109.9b24.3x22.9x2.1x
Thu, 30 Oct 2025SEK 2.5tSEK 1.2tSEK 110.9b24.3x22.7x2.1x
Sat, 27 Sep 2025SEK 2.4tSEK 1.2tSEK 113.3b22.3x21.3x2x
Mon, 25 Aug 2025SEK 2.5tSEK 1.2tSEK 113.2b23.6x21.7x2.1x
Wed, 23 Jul 2025SEK 2.4tSEK 1.2tSEK 113.3b23.6x20.8x2x
Fri, 20 Jun 2025SEK 2.3tSEK 1.2tSEK 123.4b24.1x18.5x1.9x
Sun, 18 May 2025SEK 2.4tSEK 1.2tSEK 123.4b22.8x19.6x2x
Tue, 15 Apr 2025SEK 2.2tSEK 1.2tSEK 125.5b21.2x17.4x1.8x
Thu, 13 Mar 2025SEK 2.6tSEK 1.2tSEK 125.4b25.1x20.8x2.1x
Sat, 08 Feb 2025SEK 2.6tSEK 1.2tSEK 125.5b26.2x21.1x2.2x
Mon, 06 Jan 2025SEK 2.4tSEK 1.2tSEK 124.3b26.2x19.6x2x
Wed, 04 Dec 2024SEK 2.5tSEK 1.2tSEK 124.4b26x20.3x2.1x
Fri, 01 Nov 2024SEK 2.5tSEK 1.2tSEK 124.4b27.4x20.3x2.1x
Sun, 29 Sep 2024SEK 2.7tSEK 1.2tSEK 130.0b26.2x20.6x2.1x
Tue, 27 Aug 2024SEK 2.5tSEK 1.2tSEK 129.9b24.1x19.5x2x
Thu, 25 Jul 2024SEK 2.6tSEK 1.2tSEK 130.0b24.6x19.7x2.1x
Sat, 22 Jun 2024SEK 2.6tSEK 1.2tSEK 125.4b27.6x21.1x2.1x
Mon, 20 May 2024SEK 2.7tSEK 1.2tSEK 125.4b25.9x21.6x2.2x
Wed, 17 Apr 2024SEK 2.6tSEK 1.2tSEK 127.0b23.7x20.7x2.1x
Fri, 15 Mar 2024SEK 2.6tSEK 1.2tSEK 127.0b23.2x20.7x2.1x
Sun, 11 Feb 2024SEK 2.4tSEK 1.2tSEK 126.9b22.1x18.7x1.9x
Tue, 09 Jan 2024SEK 2.3tSEK 1.2tSEK 119.8b22.5x19.4x1.9x
Thu, 07 Dec 2023SEK 2.3tSEK 1.2tSEK 119.8b22.2x19.5x1.9x
Sat, 04 Nov 2023SEK 2.1tSEK 1.2tSEK 118.6b21.7x17.9x1.7x
Mon, 02 Oct 2023SEK 2.1tSEK 1.2tSEK 111.4b22.5x19.3x1.8x
Wed, 30 Aug 2023SEK 2.2tSEK 1.2tSEK 111.3b20.8x19.5x1.8x
Fri, 28 Jul 2023SEK 2.2tSEK 1.2tSEK 111.4b24.3x19.8x1.8x
Price to Earnings Ratio

19.8x


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 21.4x202420252026
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 26.2x which is higher than its 3-year average PE of 21.4x.
  • 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 Market-0.20%
Industrials0.33%
Machinery-1.84%
Agricultural Machinery2.55%
Construction Machinery and Vehicles-1.72%
Industrial Machinery-1.95%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 26.2x.
    • Analysts are expecting annual earnings growth of 12.2%, 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 23.5x.
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 12% 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 193.852.6%
+SEK 23.7b		26.9%PE35.5x
INDT IndutradeSEK 243.8013.8%
+SEK 10.8b		-0.8%PE33.1x
VOLV B AB VolvoSEK 338.701.0%
+SEK 6.9b		28.1%PE19.2x
TROAX Troax GroupSEK 139.2041.2%
+SEK 2.4b		-4.8%PE307.2x
ALIG Alimak GroupSEK 122.808.1%
+SEK 973.7m		-21.4%PE23.6x

Latest News

EPI A
SEK 232.70
Epiroc
7D
-8.4%
1Y
13.5%
Analysis Article • 9h

The Epiroc AB (publ) (STO:EPI A) Second-Quarter Results Are Out And Analysts Have Published New Forecasts

Shareholders might have noticed that Epiroc AB (publ) ( STO:EPI A ) filed its quarterly result this time last week. The...
BEIA B
SEK 290.00
Beijer Alma
7D
3.2%
1Y
13.9%
Analysis Article • 9h

The Beijer Alma AB (publ) (STO:BEIA B) Second-Quarter Results Are Out And Analysts Have Published New Forecasts

It's been a good week for Beijer Alma AB (publ) ( STO:BEIA B ) shareholders, because the company has just released its...
VOLV B
SEK 338.70
AB Volvo
7D
1.0%
1Y
28.1%
Analysis Article • 10h

AB Volvo (publ) (STO:VOLV B) Interim Results: Here's What Analysts Are Forecasting For This Year

AB Volvo (publ) ( STO:VOLV B ) came out with its half-yearly results last week, and we wanted to see how the business...
ENGCON B
SEK 68.00
engcon
7D
8.8%
1Y
-14.1%
INDT
SEK 243.80
Indutrade
7D
13.8%
1Y
-0.8%
Analysis Article • Jul 19

Results: Indutrade AB (publ) Exceeded Expectations And The Consensus Has Updated Its Estimates

Indutrade AB (publ) ( STO:INDT ) investors will be delighted, with the company turning in some strong numbers with its...
SKF B
SEK 245.20
AB SKF
7D
-5.6%
1Y
4.5%
SAND
SEK 335.50
Sandvik
7D
-13.8%
1Y
40.4%
VBG B
SEK 302.00
VBG Group
7D
-2.9%
1Y
4.5%
ALIG
SEK 122.80
Alimak Group
7D
8.1%
1Y
-21.4%
TROAX
SEK 139.20
Troax Group
7D
41.2%
1Y
-4.8%
Analysis Article • Jul 18

Troax Group AB (publ) Reported A Surprise Loss, And Analysts Have Updated Their Forecasts

Shareholders will be ecstatic, with their stake up 38% over the past week following Troax Group AB (publ) 's...
TREL B
SEK 408.60
Trelleborg
7D
-0.1%
1Y
13.6%
Narrative Update • Jul 18

TREL B: Share Repurchases And Dividend Policy Will Sustain Rich P/E

Analysts have raised their price target on Trelleborg to SEK 460, up from a previous fair value estimate of about SEK 340. They cite updated assumptions that include slightly higher revenue growth, modestly stronger profit margins and a lower future P/E multiple.
ATCO A
SEK 193.85
Atlas Copco
7D
2.6%
1Y
26.9%
HUSQ B
SEK 36.63
Husqvarna
7D
2.6%
1Y
-30.5%
Narrative Update • Jul 15

HUSQ B: Portfolio Exit And Leadership Change Will Shape A Steady Path

The Husqvarna analyst price target has been reduced from SEK 42.0 to SEK 39.0, as analysts factor in a slightly higher discount rate, modestly adjusted profit margin expectations, and a lower assumed future P/E multiple, even though projected revenue growth is now set at a higher level than before. What’s in the News for Husqvarna Husqvarna plans to discontinue its non core stone diamond tools business within the Construction Division.
ALFA
SEK 556.80
Alfa Laval
7D
-0.4%
1Y
32.2%
Narrative Update • Jul 15

ALFA: Elevated P E Multiples Will Face Renewable Contract Delivery Risks

Alfa Laval's updated fair value estimate has moved to SEK 443.94 from SEK 420.61, reflecting a reset of revenue growth, margin and P/E assumptions in line with recent analyst price target changes between SEK 370 and SEK 580. Analyst Commentary Recent Street research on Alfa Laval shows a wide range of price targets, with some analysts taking a more cautious stance even as others lift their estimates.
EPRO B
SEK 43.85
Electrolux Professional
7D
-1.1%
1Y
-37.5%
Narrative Update • Jun 12

EPRO B: Scandinavian Design Experiences Will Support Future Upside Potential

Analysts have maintained their fair value target for Electrolux Professional at SEK 67, making only small adjustments to assumptions such as the discount rate and future P/E to reflect updated risk and earnings expectations. What's in the News Electrolux Group, under the Electrolux brand, presented "The Swedish Home" installation at Milan Design Week 2026, focusing on calm, clarity and emotional wellbeing in modern homes, rooted in Scandinavian design principles.
ARENIT SDB
SEK 101.00
Arenit Industrie
7D
-7.8%
1Y
n/a