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Swedish (OMX) Communications Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies10
  • 7D1.9%
  • 3M19.0%
  • 1Y44.6%
  • YTD20.7%

In the last week, the Communications industry is up 1.9%, with Telefonaktiebolaget LM Ericsson up 1.7%. This means that the industry has gained 45% over the past year. As for the next few years, earnings are forecast to decline by 4.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026SEK 384.2bSEK 242.2bSEK 28.8b33.7x13.3x1.6x
Tue, 03 Mar 2026SEK 373.4bSEK 242.2bSEK 28.8b30.4x13x1.5x
Thu, 29 Jan 2026SEK 348.0bSEK 242.2bSEK 28.8b49.1x12.1x1.4x
Sat, 27 Dec 2025SEK 323.7bSEK 245.7bSEK 25.0b47.4x12.9x1.3x
Mon, 24 Nov 2025SEK 327.4bSEK 245.7bSEK 25.0b53x13.1x1.3x
Wed, 22 Oct 2025SEK 323.4bSEK 245.6bSEK 25.0b68.2x13x1.3x
Fri, 19 Sep 2025SEK 279.9bSEK 251.1bSEK 17.6b50.8x15.9x1.1x
Sun, 17 Aug 2025SEK 272.4bSEK 251.1bSEK 17.6b49x15.5x1.1x
Tue, 15 Jul 2025SEK 283.0bSEK 254.9bSEK 1.9b108.3x145.4x1.1x
Thu, 12 Jun 2025SEK 297.0bSEK 254.9bSEK 1.9b117.7x156.7x1.2x
Sat, 10 May 2025SEK 293.3bSEK 254.9bSEK 1.9b117x154.7x1.2x
Mon, 07 Apr 2025SEK 265.6bSEK 252.9bSEK 302.6m67.9x877.5x1x
Wed, 05 Mar 2025SEK 313.2bSEK 253.5bSEK 284.9m77.4x1099.5x1.2x
Fri, 31 Jan 2025SEK 313.7bSEK 253.6bSEK 297.2m53.7x1055.4x1.2x
Sun, 29 Dec 2024SEK 327.1bSEK 252.5b-SEK 1,052,139,568.0042.2x-310.9x1.3x
Tue, 26 Nov 2024SEK 322.1bSEK 252.5b-SEK 1,052,139,568.0043x-306.1x1.3x
Thu, 24 Oct 2024SEK 323.2bSEK 252.4b-SEK 1,037,215,961.0038x-311.6x1.3x
Sat, 21 Sep 2024SEK 283.5bSEK 255.1b-SEK 35,428,883,961.0036.9x-8x1.1x
Mon, 19 Aug 2024SEK 274.3bSEK 255.1b-SEK 35,426,975,961.0035x-7.7x1.1x
Wed, 17 Jul 2024SEK 262.5bSEK 255.0b-SEK 35,461,486,401.0040x-7.4x1x
Fri, 14 Jun 2024SEK 242.2bSEK 259.5b-SEK 24,911,100,401.0031.8x-9.7x0.9x
Sun, 12 May 2024SEK 221.6bSEK 259.5b-SEK 24,894,925,997.0029.1x-8.9x0.9x
Tue, 09 Apr 2024SEK 211.4bSEK 268.8b-SEK 25,891,077,227.0029.4x-8.2x0.8x
Thu, 07 Mar 2024SEK 217.8bSEK 268.8b-SEK 25,891,554,425.0027.5x-8.4x0.8x
Sat, 03 Feb 2024SEK 217.3bSEK 268.7b-SEK 25,911,459,425.0031.6x-8.4x0.8x
Mon, 01 Jan 2024SEK 240.0bSEK 282.8b-SEK 23,167,536,425.0035.4x-10.4x0.8x
Wed, 29 Nov 2023SEK 199.3bSEK 282.8b-SEK 23,164,772,425.0033.4x-8.6x0.7x
Fri, 27 Oct 2023SEK 188.4bSEK 282.8b-SEK 23,158,109,962.0023.8x-8.1x0.7x
Sun, 24 Sep 2023SEK 213.7bSEK 286.1bSEK 12.7b22.4x16.8x0.7x
Tue, 22 Aug 2023SEK 205.5bSEK 286.1bSEK 12.7b22.8x16.2x0.7x
Thu, 20 Jul 2023SEK 199.3bSEK 286.1bSEK 12.7b25.5x15.7x0.7x
Sat, 17 Jun 2023SEK 225.5bSEK 284.0bSEK 17.9b27x12.6x0.8x
Mon, 15 May 2023SEK 210.4bSEK 283.9bSEK 17.9b29.1x11.8x0.7x
Wed, 12 Apr 2023SEK 233.2bSEK 276.1bSEK 19.2b26.7x12.1x0.8x
Price to Earnings Ratio

12.1x


Total Market Cap: SEK 233.2bTotal Earnings: SEK 19.2bTotal Revenue: SEK 276.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Communications Industry Price to Earnings3Y Average 61.2x202420252026
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 13.3x which is lower than its 3-year average PE of 61.2x.
  • The 3-year average PS ratio of 1.0x 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 14% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.3% 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 Market3.68%
Tech1.83%
Communications1.92%
Communications Equipment1.92%
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
ERIC B Telefonaktiebolaget LM EricssonSEK 107.801.7%
+SEK 6.0b		49.5%PE12.6x
HMS HMS NetworksSEK 432.605.8%
+SEK 1.2b		3.2%PE49.9x
NETI B Net InsightSEK 2.414.8%
+SEK 37.4m		-45.0%PS1.6x
TAGM B TagMasterSEK 25.406.3%
+SEK 22.0m		88.1%PE17.6x
MAVEN Maven Wireless SwedenSEK 5.104.7%
+SEK 12.2m		-42.0%PS1.3x

Latest News

GAPW B
SEK 11.02
Gapwaves
7D
0.2%
1Y
-24.9%
ERIC B
SEK 107.80
Telefonaktiebolaget LM Ericsson
7D
1.7%
1Y
49.5%

ERIC B: Trusted Tech Alliance Participation Will Support Higher Future Earnings Multiple

Analysts have raised the fair value estimate for Telefonaktiebolaget LM Ericsson from SEK 109.00 to SEK 121.00, citing recent target price increases, upgrades from several firms, and updated assumptions regarding revenue growth, margins, and future P/E levels. Analyst Commentary Recent Street research on Telefonaktiebolaget LM Ericsson reflects a mixed but active view, with both upgrades and downgrades, as well as several revisions to price targets in SEK terms.
MAVEN
SEK 5.10
Maven Wireless Sweden
7D
4.7%
1Y
-42.0%
NETI B
SEK 2.41
Net Insight
7D
4.8%
1Y
-45.0%
KEBNI B
SEK 1.31
KebNi
7D
0.9%
1Y
-1.7%
HMS
SEK 432.60
HMS Networks
7D
5.8%
1Y
3.2%
LUMEN
SEK 59.00
LumenRadio
7D
0.3%
1Y
-25.2%
WAYS
SEK 41.80
Waystream Holding
7D
-1.2%
1Y
102.9%
TAGM B
SEK 25.40
TagMaster
7D
6.3%
1Y
88.1%

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
F2M
SEK 0.018
Free2move Holding
7D
-5.3%
1Y
-35.7%