Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Swedish (OMX) Communications Industry Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies10
  • 7D-3.1%
  • 3M-6.1%
  • 1Y-3.5%
  • YTD-1.7%

Over the last 7 days, the Communications industry has dropped 2.8%, driven by Telefonaktiebolaget LM Ericsson declining 3.3%. The industry has fallen 3.3% in the last year. As for the next few years, earnings are forecast to decline by 8.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Mon, 27 Mar 2023SEK 214.1bSEK 276.1bSEK 19.2b27.8x11.1x0.8x
Wed, 22 Feb 2023SEK 224.4bSEK 275.9bSEK 19.2b35.5x11.7x0.8x
Fri, 20 Jan 2023SEK 231.2bSEK 261.1bSEK 23.1b34.8x10x0.9x
Price to Earnings Ratio

10x


Total Market Cap: SEK 231.2bTotal Earnings: SEK 23.1bTotal Revenue: SEK 261.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Communications Industry Price to Earnings3Y Average 61.1x202420252026
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 12.5x which is lower than its 3-year average PE of 61.1x.
  • The 3-year average PS ratio of 1.00x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Communications industry have grown 2.7% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.0% 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 Market2.50%
Tech-0.44%
Communications-3.06%
Communications Equipment-3.06%
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
NETI B Net InsightSEK 3.953.7%
+SEK 47.7m		-43.3%PE229x
KEBNI B KebNiSEK 1.858.8%
+SEK 41.0m		64.8%PE87.2x
LUMEN LumenRadioSEK 61.704.6%
+SEK 34.0m		-36.9%PE45.1x
MAVEN Maven Wireless SwedenSEK 5.785.5%
+SEK 15.8m		-42.0%PS1.4x
INCOAX InCoax NetworksSEK 0.944.0%
+SEK 4.7m		-46.4%PS1.7x

Latest News

GAPW B
SEK 14.94
Gapwaves
7D
-0.1%
1Y
6.7%

GAPW B: New Radar And Defence Contracts Will Support Long Term Upside

Analysts have maintained their price target for Gapwaves at SEK 23.50, making only minor adjustments to inputs such as the discount rate and future P/E assumptions. These changes reflect fine tuning rather than any shift in their overall view.
HMS
SEK 401.00
HMS Networks
7D
-0.8%
1Y
-0.8%

HMS: Acquisition-Focused Expansion Will Drive Future Earnings Upside Potential

Analysts have kept their price target for HMS Networks steady at SEK545.00, with the unchanged fair value reflecting slightly adjusted assumptions on discount rate, revenue growth, profit margin and future P/E that they see as offsetting each other overall. What's in the News HMS Networks AB (publ) plans to continue looking for acquisitions as part of its growth approach, alongside its existing internal growth efforts (Key Developments).
ERIC B
SEK 86.66
Telefonaktiebolaget LM Ericsson
7D
-3.3%
1Y
-3.3%

ERIC B: Future EU Huawei Ban Could Limit Upside Despite Profit Margin Outlook

Analysts have lifted their fair value estimate for Telefonaktiebolaget LM Ericsson from SEK 56.0 to SEK 62.0, reflecting updated views on margins, discount rates and P/E assumptions, alongside recent price target increases from SEK 85 to SEK 95, SEK 93 to SEK 100.90 and SEK 55 to SEK 70 across several firms. Analyst Commentary Recent Street research around Telefonaktiebolaget LM Ericsson shows a mix of higher price targets with generally cautious ratings.
TAGM B
SEK 19.40
TagMaster
7D
0.8%
1Y
68.0%

Is There Now An Opportunity In TagMaster AB (publ) (STO:TAGM B)?

Jan 05
Is There Now An Opportunity In TagMaster AB (publ) (STO:TAGM B)?
KEBNI B
SEK 1.85
KebNi
7D
8.8%
1Y
64.8%
WAYS
SEK 39.70
Waystream Holding
7D
0.3%
1Y
143.3%

The Market Lifts Waystream Holding AB (publ) (STO:WAYS) Shares 26% But It Can Do More

Jan 01
The Market Lifts Waystream Holding AB (publ) (STO:WAYS) Shares 26% But It Can Do More
INCOAX
SEK 0.94
InCoax Networks
7D
4.0%
1Y
-46.4%
LUMEN
SEK 61.70
LumenRadio
7D
4.6%
1Y
-36.9%
MAVEN
SEK 5.78
Maven Wireless Sweden
7D
5.5%
1Y
-42.0%
NETI B
SEK 3.95
Net Insight
7D
3.7%
1Y
-43.3%
F2M
SEK 0.021
Free2move Holding
7D
-4.5%
1Y
0%