Share structure
Value and trading volume
Industrivärden’s Class A and C shares are listed on the Stockholm Stock Exchange (Nasdaq Stockholm), Large Cap segment. At year-end 2025, Industrivärden’s market capitalization was SEK 179,325 mn (150,847).
Trading volume in Industrivärden shares on the Stockholm Stock Exchange in 2025 totaled SEK 42,940 mn (39,819), corresponding to a turnover rate of 12% for Class A shares (12%) and 35% for Class C shares (44%). Average daily trading volume was approximately 117,000 Class A shares and approximately 350,000 Class C shares.
Share and shareholder structure
Industrivärden had approximately 196,000 shareholders (191,000) at year-end.
A significant majority of shareholders are private individuals, while a significant share of the capital is owned by institutional investors, such as pension and asset management companies, and foundations. Foreign shareholders own 23% (23%) of the capital.
At year-end 2025 share capital totaled SEK 1,088 mn, distributed among 431,899,108 registered shares with a share quota value of SEK 2.52. Each Class A share carries entitlement to one vote, and each Class C share carries entitlement to 1/10 of a vote. All shares carry equal entitlement to the Company’s assets, earnings and dividends.
Return
Since Industrivärden’s introduction on the stock market in 1945, the Class A shares
have generated a total return of approximately 3,570,000%, compared with approximately 1,510,000% for the total return index (SIXRX).
Standard deviation and beta describe the stock's volatility compared with its average return, and volatility compared with the market, respectively. Industrivärden’s Class A and C shares had standard deviations of 8.3% and 8.2%, respectively, and beta values in relation to the total return index (SIXRX) of 1.06 and 1.05, respectively, for the full-year 2025.
Share structure on February 28, 2026
Share class |
No. of shares |
No. of votes |
Capital, % |
Votes, % |
| A (1 vote) | 212,135,902 | 212,135,902.0 | 49.1 | 90.6 |
| C (1/10 vote) | 219,763,206 | 21,976,320.6 | 50.9 | 9.4 |
| Total | 431,899,108 | 234,112,222.6 | 100.0 | 100.0 |
Employee ownership
Industrivärden encourages its employees to make private investments in Industrivärden shares, as this aligns the interests of the Company’s employees with other shareholders. The long-term incentive programs adopted by the Annual General Meeting make up part of employees’ total compensation and aim to increase employees’ ownership of stock in the Company.
Shareholder structure
