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Swedish (OMX) Communications Industry Analysis

UpdatedJan 27, 2026
DataAggregated Company Financials
Companies10
  • 7D9.0%
  • 3M1.1%
  • 1Y7.7%
  • YTD6.7%

The Communications industry is up 9.0% in the last week, with Telefonaktiebolaget LM Ericsson up 9.9%. Meanwhile, Net Insight actually underperformed within the industry, shrinking 33% in the last week. This takes the industry's 12 month performance to a gain of 7.7%. In the next few years, earnings are forecast to decline by 5.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 28 Jan 2026SEK 339.9bSEK 242.0bSEK 28.8b48.2x11.8x1.4x
Fri, 26 Dec 2025SEK 323.7bSEK 245.7bSEK 25.0b47.4x12.9x1.3x
Sun, 23 Nov 2025SEK 327.4bSEK 245.7bSEK 25.0b53x13.1x1.3x
Tue, 21 Oct 2025SEK 323.4bSEK 245.6bSEK 25.0b60.5x13x1.3x
Thu, 18 Sep 2025SEK 275.6bSEK 251.1bSEK 17.6b49.7x15.7x1.1x
Sat, 16 Aug 2025SEK 272.4bSEK 251.2bSEK 17.6b49x15.5x1.1x
Mon, 14 Jul 2025SEK 283.9bSEK 254.9bSEK 1.9b109x145.9x1.1x
Wed, 11 Jun 2025SEK 298.6bSEK 254.9bSEK 1.9b118.5x157.5x1.2x
Fri, 09 May 2025SEK 295.1bSEK 254.9bSEK 1.9b117.8x155.1x1.2x
Sun, 06 Apr 2025SEK 265.6bSEK 252.9bSEK 302.6m67.9x877.5x1x
Tue, 04 Mar 2025SEK 326.8bSEK 253.5bSEK 284.9m79.4x1147.2x1.3x
Thu, 30 Jan 2025SEK 313.6bSEK 253.6bSEK 297.2m52.8x1055.3x1.2x
Sat, 28 Dec 2024SEK 327.1bSEK 252.5b-SEK 1,052,139,568.0042.2x-310.9x1.3x
Mon, 25 Nov 2024SEK 321.6bSEK 252.5b-SEK 1,052,139,568.0043.1x-305.7x1.3x
Wed, 23 Oct 2024SEK 321.0bSEK 252.4b-SEK 1,037,215,961.0040x-309.5x1.3x
Fri, 20 Sep 2024SEK 280.2bSEK 255.1b-SEK 35,428,883,961.0036.6x-7.9x1.1x
Sun, 18 Aug 2024SEK 274.3bSEK 255.1b-SEK 35,426,975,961.0035x-7.7x1.1x
Tue, 16 Jul 2024SEK 256.6bSEK 255.0b-SEK 35,454,906,401.0036.1x-7.2x1x
Thu, 13 Jun 2024SEK 241.2bSEK 259.5b-SEK 24,911,100,401.0031.7x-9.7x0.9x
Sat, 11 May 2024SEK 221.6bSEK 259.5b-SEK 24,894,925,997.0029.1x-8.9x0.9x
Mon, 08 Apr 2024SEK 209.7bSEK 268.8b-SEK 25,891,077,227.0028.8x-8.1x0.8x
Wed, 06 Mar 2024SEK 215.0bSEK 268.8b-SEK 25,891,554,425.0026.4x-8.3x0.8x
Fri, 02 Feb 2024SEK 217.8bSEK 268.7b-SEK 25,880,323,425.0033x-8.4x0.8x
Sun, 31 Dec 2023SEK 240.0bSEK 282.8b-SEK 23,167,536,425.0035.4x-10.4x0.8x
Tue, 28 Nov 2023SEK 201.2bSEK 282.8b-SEK 23,164,772,425.0033.5x-8.7x0.7x
Thu, 26 Oct 2023SEK 187.8bSEK 282.8b-SEK 23,158,109,962.0024x-8.1x0.7x
Sat, 23 Sep 2023SEK 213.7bSEK 286.1bSEK 12.7b22.4x16.8x0.7x
Mon, 21 Aug 2023SEK 205.5bSEK 286.1bSEK 12.7b23.1x16.2x0.7x
Wed, 19 Jul 2023SEK 194.8bSEK 286.1bSEK 12.7b24.3x15.3x0.7x
Fri, 16 Jun 2023SEK 222.0bSEK 284.0bSEK 17.9b26.9x12.4x0.8x
Sun, 14 May 2023SEK 210.4bSEK 283.9bSEK 17.9b29.1x11.8x0.7x
Tue, 11 Apr 2023SEK 234.2bSEK 276.1bSEK 19.2b26.7x12.2x0.8x
Thu, 09 Mar 2023SEK 227.3bSEK 276.1bSEK 19.2b32x11.8x0.8x
Sat, 04 Feb 2023SEK 236.6bSEK 275.9bSEK 19.1b36.6x12.4x0.9x
Price to Earnings Ratio

12.4x


Total Market Cap: SEK 236.6bTotal Earnings: SEK 19.1bTotal Revenue: SEK 275.9bTotal 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 11.8x 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 1.4x.
Past Earnings Growth
  • The earnings for companies in the Communications industry have grown 15% 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 Market1.02%
Tech3.65%
Communications9.03%
Communications Equipment9.03%
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 99.0014.6%
+SEK 41.9b		16.3%PE11.6x
HMS HMS NetworksSEK 412.206.2%
+SEK 1.2b		-17.8%PE47.3x
LUMEN LumenRadioSEK 66.204.4%
+SEK 35.2m		-33.1%PE48.4x
TAGM B TagMasterSEK 19.106.1%
+SEK 16.1m		57.2%PE13.2x
WAYS Waystream HoldingSEK 40.001.3%
+SEK 4.0m		161.1%PE582.7x

Latest News

ERIC B
SEK 99.00
Telefonaktiebolaget LM Ericsson
7D
14.6%
1Y
16.3%
NETI B
SEK 2.16
Net Insight
7D
-36.8%
1Y
-69.1%
HMS
SEK 412.20
HMS Networks
7D
6.2%
1Y
-17.8%
GAPW B
SEK 14.46
Gapwaves
7D
-0.8%
1Y
9.2%

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.
TAGM B
SEK 19.10
TagMaster
7D
6.1%
1Y
57.2%

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 1.72
KebNi
7D
-2.3%
1Y
62.6%
WAYS
SEK 40.00
Waystream Holding
7D
1.3%
1Y
161.1%

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 0.67
InCoax Networks
7D
-22.7%
1Y
-61.3%
LUMEN
SEK 66.20
LumenRadio
7D
4.4%
1Y
-33.1%
MAVEN
SEK 5.06
Maven Wireless Sweden
7D
-6.3%
1Y
-57.8%
F2M
SEK 0.021
Free2move Holding
7D
10.5%
1Y
-16.0%