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Swedish (OMX) Communications Industry Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies10
  • 7D-1.4%
  • 3M24.9%
  • 1Y34.9%
  • YTD22.2%

Over the last 7 days, the Communications industry has dropped 1.4%, driven by a pullback from Telefonaktiebolaget LM Ericsson of 1.6%. In the past year, the industry has gained 35%. In the next few years earnings are forecast to be pretty stable.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Apr 2026SEK 389.5bSEK 236.5bSEK 25.5b41.3x15.3x1.6x
Fri, 20 Mar 2026SEK 381.8bSEK 242.2bSEK 28.8b35.6x13.3x1.6x
Sun, 15 Feb 2026SEK 351.2bSEK 242.1bSEK 28.8b39.8x12.2x1.5x
Tue, 13 Jan 2026SEK 313.3bSEK 245.7bSEK 25.0b46x12.5x1.3x
Thu, 11 Dec 2025SEK 325.2bSEK 245.7bSEK 25.0b51.2x13x1.3x
Sat, 08 Nov 2025SEK 337.9bSEK 245.7bSEK 25.0b58.4x13.5x1.4x
Mon, 06 Oct 2025SEK 288.1bSEK 251.1bSEK 17.6b48x16.4x1.1x
Wed, 03 Sep 2025SEK 272.4bSEK 251.1bSEK 17.6b50.1x15.5x1.1x
Fri, 01 Aug 2025SEK 263.1bSEK 251.1bSEK 17.6b48.9x14.9x1x
Sun, 29 Jun 2025SEK 294.6bSEK 254.9bSEK 1.9b116.7x155.4x1.2x
Tue, 27 May 2025SEK 305.7bSEK 254.9bSEK 1.9b121x161.3x1.2x
Thu, 24 Apr 2025SEK 292.1bSEK 254.9bSEK 1.9b65.2x151.7x1.1x
Sat, 22 Mar 2025SEK 306.6bSEK 253.5bSEK 293.0m76.1x1046.3x1.2x
Mon, 17 Feb 2025SEK 314.6bSEK 253.6bSEK 302.9m83.3x1038.6x1.2x
Wed, 15 Jan 2025SEK 331.0bSEK 252.5b-SEK 1,052,139,568.0041.2x-314.6x1.3x
Fri, 13 Dec 2024SEK 330.8bSEK 252.5b-SEK 1,052,139,568.0042.2x-314.4x1.3x
Sun, 10 Nov 2024SEK 320.9bSEK 252.5b-SEK 1,039,310,568.0033.1x-308.7x1.3x
Tue, 08 Oct 2024SEK 282.3bSEK 255.1b-SEK 35,428,883,961.0037.8x-8x1.1x
Thu, 05 Sep 2024SEK 281.2bSEK 255.1b-SEK 35,428,883,961.0037.1x-7.9x1.1x
Sat, 03 Aug 2024SEK 263.0bSEK 255.1b-SEK 35,441,929,401.0035.9x-7.4x1x
Mon, 01 Jul 2024SEK 246.9bSEK 259.5b-SEK 24,911,100,401.0032.7x-9.9x1x
Wed, 29 May 2024SEK 240.3bSEK 259.5b-SEK 24,906,564,997.0030.9x-9.6x0.9x
Fri, 26 Apr 2024SEK 217.2bSEK 259.4b-SEK 24,922,753,227.0029.4x-8.7x0.8x
Sun, 24 Mar 2024SEK 219.3bSEK 268.8b-SEK 25,893,300,227.0027.5x-8.5x0.8x
Tue, 20 Feb 2024SEK 214.8bSEK 268.7b-SEK 25,907,696,425.0031.1x-8.3x0.8x
Thu, 18 Jan 2024SEK 240.9bSEK 282.8b-SEK 23,167,536,425.0033x-10.4x0.9x
Sat, 16 Dec 2023SEK 235.2bSEK 282.8b-SEK 23,167,536,425.0034.4x-10.2x0.8x
Mon, 13 Nov 2023SEK 191.8bSEK 282.8b-SEK 23,164,772,425.0024.6x-8.3x0.7x
Wed, 11 Oct 2023SEK 203.4bSEK 286.2bSEK 12.7b22.3x16x0.7x
Fri, 08 Sep 2023SEK 219.0bSEK 286.1bSEK 12.7b21.8x17.2x0.8x
Sun, 06 Aug 2023SEK 205.2bSEK 286.1bSEK 12.7b24.7x16.2x0.7x
Tue, 04 Jul 2023SEK 228.4bSEK 284.0bSEK 17.9b25.3x12.8x0.8x
Thu, 01 Jun 2023SEK 217.3bSEK 283.9bSEK 17.9b28.9x12.2x0.8x
Sat, 29 Apr 2023SEK 217.9bSEK 283.8bSEK 17.9b26.9x12.2x0.8x
Price to Earnings Ratio

12.2x


Total Market Cap: SEK 217.9bTotal Earnings: SEK 17.9bTotal Revenue: SEK 283.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Communications Industry Price to Earnings3Y Average 61.3x202420252026
Current Industry PE
  • Investors are pessimistic on the Swedish Communications industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 15.3x which is lower than its 3-year average PE of 61.3x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Communications industry have grown 13% per year over the last three years.
  • Meanwhile revenues for these companies have declined 5.9% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Swedish Tech industry?

SE Market1.01%
Tech3.59%
Communications-1.38%
Communications Equipment-1.38%
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
HMS HMS NetworksSEK 477.600.4%
+SEK 90.3m		15.7%PE55.1x
NETI B Net InsightSEK 2.755.6%
+SEK 49.4m		-39.8%PS1.8x
GAPW B GapwavesSEK 12.908.4%
+SEK 36.3m		-1.7%PS5x
INCOAX InCoax NetworksSEK 0.7551.5%
+SEK 33.5m		-47.6%PS1.3x
MAVEN Maven Wireless SwedenSEK 5.2013.5%
+SEK 32.9m		-42.2%PS1.3x

Latest News

NETI B
SEK 2.76
Net Insight
7D
6.6%
1Y
-38.2%
ERIC B
SEK 108.45
Telefonaktiebolaget LM Ericsson
7D
-1.6%
1Y
35.6%

Telefonaktiebolaget LM Ericsson (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Apr 21
Telefonaktiebolaget LM Ericsson (publ) Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
HMS
SEK 482.40
HMS Networks
7D
1.4%
1Y
36.8%

HMS: Recent Upgrades And Proposed Dividend Are Expected To Support Future Upside

Analysts keep their SEK 570.00 price target for HMS Networks intact, citing slightly higher modeled revenue growth and profit margin assumptions, partly offset by a modestly lower future P/E multiple after recent upgrades from Danske Bank and Nordea. Analyst Commentary Recent Street research on HMS Networks points to a more confident tone, with bullish analysts highlighting a combination of growth potential, execution and valuation support behind their upgraded views.
GAPW B
SEK 13.10
Gapwaves
7D
19.1%
1Y
0.5%
KEBNI B
SEK 1.03
KebNi
7D
1.5%
1Y
-22.1%
MAVEN
SEK 5.22
Maven Wireless Sweden
7D
13.7%
1Y
-45.2%
INCOAX
SEK 0.74
InCoax Networks
7D
64.4%
1Y
-47.5%
LUMEN
SEK 62.60
LumenRadio
7D
1.6%
1Y
-1.1%
TAGM B
SEK 27.30
TagMaster
7D
1.1%
1Y
124.7%

There's Been No Shortage Of Growth Recently For TagMaster's (STO:TAGM B) Returns On Capital

Feb 10
There's Been No Shortage Of Growth Recently For TagMaster's (STO:TAGM B) Returns On Capital