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Swedish (OMX) Communications Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies10
  • 7D2.9%
  • 3M12.9%
  • 1Y15.5%
  • YTD17.2%

In the last week, the Communications industry is up 2.9%, with Telefonaktiebolaget LM Ericsson up 2.4%. This takes the industry's 12 month performance to a gain of 16%. As for the next few years, earnings are forecast to decline by 4.9% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Mar 2026SEK 373.4bSEK 242.2bSEK 28.8b30.4x13x1.5x
Wed, 28 Jan 2026SEK 354.2bSEK 242.0bSEK 28.8b48.4x12.3x1.5x
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
Price to Earnings Ratio

11.8x


Total Market Cap: SEK 227.3bTotal 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 13.0x 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 1.5x.
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 Market1.88%
Tech3.45%
Communications2.89%
Communications Equipment2.89%
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 104.553.7%
+SEK 12.3b		17.2%PE12.3x
HMS HMS NetworksSEK 426.2010.1%
+SEK 2.0b		-13.1%PE49.2x
GAPW B GapwavesSEK 12.6024.5%
+SEK 90.1m		-3.8%PS5x
LUMEN LumenRadioSEK 61.9012.5%
+SEK 86.8m		-25.2%PE45.2x
NETI B Net InsightSEK 2.257.7%
+SEK 54.5m		-53.3%PS1.5x

Latest News

ERIC B
SEK 104.55
Telefonaktiebolaget LM Ericsson
7D
3.7%
1Y
17.2%
GAPW B
SEK 12.60
Gapwaves
7D
24.5%
1Y
-3.8%

GAPW B: New ADAS Radar Contracts Will Support Future Upside Potential

Narrative update on Gapwaves Analysts have kept their Gapwaves fair value estimate unchanged at SEK22.5 per share, with slight adjustments to the discount rate, long-term revenue growth, profit margin and future P/E assumptions. These revisions support a steady view of the price target.
NETI B
SEK 2.25
Net Insight
7D
7.7%
1Y
-53.3%

NETI B: Future CEO Transition Will Support Long-Term Earnings Outlook

Analysts have reduced their fair value estimate for Net Insight from SEK 9.0 to SEK 5.5, citing updated assumptions for the discount rate, revenue growth, profit margins and future P/E multiples. What's in the News Net Insight issued earnings guidance for the fourth quarter of 2025, indicating expected net sales of approximately SEK 117 million compared with SEK 134 million and EBIT of approximately SEK 5 million, which is in line with SEK 5 million previously reported (company guidance).
HMS
SEK 426.20
HMS Networks
7D
10.1%
1Y
-13.1%

HMS: Recent Rating Upgrades And Dividend Proposal Will Support Future Upside

Analysts have lifted their price target on HMS Networks to SEK 550, up from SEK 480, citing updated research that points to slightly stronger assumptions for long term growth and profitability, supported by recent rating upgrades. Analyst Commentary Recent research has pointed to a more constructive view on HMS Networks, with bullish analysts updating their models and signalling greater confidence in the company’s long term growth and profitability assumptions.
WAYS
SEK 38.80
Waystream Holding
7D
-3.2%
1Y
140.7%
KEBNI B
SEK 1.46
KebNi
7D
-1.1%
1Y
-0.4%
MAVEN
SEK 4.02
Maven Wireless Sweden
7D
-2.0%
1Y
-55.2%
TAGM B
SEK 25.00
TagMaster
7D
2.5%
1Y
71.8%

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
LUMEN
SEK 61.90
LumenRadio
7D
12.5%
1Y
-25.2%

LumenRadio (STO:LUMEN) Is Looking To Continue Growing Its Returns On Capital

Feb 10
LumenRadio (STO:LUMEN) Is Looking To Continue Growing Its Returns On Capital
INCOAX
SEK 0.50
InCoax Networks
7D
-7.7%
1Y
-73.0%
F2M
SEK 0.018
Free2move Holding
7D
-10.0%
1Y
-14.3%