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Swedish (OMX) Communications Industry Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies10
  • 7D1.3%
  • 3M-1.8%
  • 1Y-6.6%
  • YTD0.1%

The Communications industry is up 1.3% in the last week, with Telefonaktiebolaget LM Ericsson up 1.2%. In the past year, the industry is down 6.6%. 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
Fri, 16 Jan 2026SEK 319.0bSEK 245.7bSEK 25.0b46.7x12.7x1.3x
Sun, 14 Dec 2025SEK 323.3bSEK 245.7bSEK 25.0b50.9x12.9x1.3x
Tue, 11 Nov 2025SEK 337.9bSEK 245.7bSEK 25.0b59.3x13.5x1.4x
Thu, 09 Oct 2025SEK 294.8bSEK 251.1bSEK 17.6b49.5x16.7x1.2x
Sat, 06 Sep 2025SEK 278.4bSEK 251.1bSEK 17.6b50x15.8x1.1x
Mon, 04 Aug 2025SEK 259.1bSEK 251.1bSEK 17.6b47.8x14.7x1x
Wed, 02 Jul 2025SEK 294.8bSEK 254.9bSEK 1.9b116.5x155.5x1.2x
Fri, 30 May 2025SEK 306.4bSEK 254.9bSEK 1.9b121.8x161.6x1.2x
Sun, 27 Apr 2025SEK 292.1bSEK 254.9bSEK 1.9b116.7x151.5x1.1x
Tue, 25 Mar 2025SEK 307.7bSEK 253.5bSEK 293.0m76.7x1050.2x1.2x
Thu, 20 Feb 2025SEK 316.6bSEK 253.6bSEK 302.9m84.2x1045.1x1.2x
Sat, 18 Jan 2025SEK 344.2bSEK 252.5b-SEK 1,052,139,568.0044x-327.1x1.4x
Mon, 16 Dec 2024SEK 330.0bSEK 252.5b-SEK 1,052,139,568.0041.5x-313.7x1.3x
Wed, 13 Nov 2024SEK 316.9bSEK 252.5b-SEK 1,039,310,568.0034.1x-304.9x1.3x
Fri, 11 Oct 2024SEK 283.9bSEK 255.1b-SEK 35,428,883,961.0037.5x-8x1.1x
Sun, 08 Sep 2024SEK 275.8bSEK 255.1b-SEK 35,428,883,961.0037x-7.8x1.1x
Tue, 06 Aug 2024SEK 254.7bSEK 255.1b-SEK 35,441,929,401.0034.3x-7.2x1x
Thu, 04 Jul 2024SEK 247.3bSEK 259.5b-SEK 24,911,100,401.0032.4x-9.9x1x
Sat, 01 Jun 2024SEK 244.4bSEK 259.5b-SEK 24,906,564,997.0031.4x-9.8x0.9x
Mon, 29 Apr 2024SEK 218.5bSEK 259.4b-SEK 24,922,753,227.0029.2x-8.8x0.8x
Wed, 27 Mar 2024SEK 219.5bSEK 268.8b-SEK 25,893,300,227.0028.2x-8.5x0.8x
Fri, 23 Feb 2024SEK 213.9bSEK 268.8b-SEK 25,894,960,425.0030.1x-8.3x0.8x
Sun, 21 Jan 2024SEK 234.9bSEK 282.8b-SEK 23,167,536,425.0033.1x-10.1x0.8x
Tue, 19 Dec 2023SEK 235.2bSEK 282.8b-SEK 23,167,536,425.0034.1x-10.2x0.8x
Thu, 16 Nov 2023SEK 198.5bSEK 282.8b-SEK 23,164,772,425.0024.6x-8.6x0.7x
Sat, 14 Oct 2023SEK 201.9bSEK 286.2bSEK 12.7b21.8x15.9x0.7x
Mon, 11 Sep 2023SEK 215.0bSEK 286.1bSEK 12.7b22x16.9x0.8x
Wed, 09 Aug 2023SEK 204.3bSEK 286.1bSEK 12.7b24.4x16.1x0.7x
Fri, 07 Jul 2023SEK 223.4bSEK 284.0bSEK 17.9b25.1x12.5x0.8x
Sun, 04 Jun 2023SEK 219.4bSEK 284.0bSEK 17.9b28.3x12.3x0.8x
Tue, 02 May 2023SEK 217.9bSEK 283.9bSEK 17.9b30.8x12.2x0.8x
Thu, 30 Mar 2023SEK 218.9bSEK 276.1bSEK 19.2b27.4x11.4x0.8x
Sat, 25 Feb 2023SEK 219.9bSEK 275.9bSEK 19.2b36.5x11.4x0.8x
Mon, 23 Jan 2023SEK 221.2bSEK 261.1bSEK 23.1b36.3x9.6x0.8x
Price to Earnings Ratio

9.6x


Total Market Cap: SEK 221.2bTotal Earnings: SEK 23.1bTotal Revenue: SEK 261.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Communications Industry Price to Earnings3Y Average 61.2x202420252026
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 12.7x which is lower than its 3-year average PE of 61.2x.
  • 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 Market2.61%
Tech0.09%
Communications1.26%
Communications Equipment1.26%
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 88.321.2%
+SEK 3.6b		-6.4%PE11.9x
HMS HMS NetworksSEK 407.402.2%
+SEK 441.6m		-3.6%PE46.7x
KEBNI B KebNiSEK 1.857.5%
+SEK 35.6m		73.9%PE87.3x
INCOAX InCoax NetworksSEK 0.903.2%
+SEK 3.7m		-48.0%PS1.6x

Latest News

ERIC B
SEK 88.32
Telefonaktiebolaget LM Ericsson
7D
1.2%
1Y
-6.4%
NETI B
SEK 3.66
Net Insight
7D
-3.4%
1Y
-48.2%
GAPW B
SEK 14.80
Gapwaves
7D
-1.3%
1Y
2.1%

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 407.40
HMS Networks
7D
2.2%
1Y
-3.6%

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).
TAGM B
SEK 18.85
TagMaster
7D
-0.3%
1Y
59.7%

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
7.5%
1Y
73.9%
WAYS
SEK 38.90
Waystream Holding
7D
-1.5%
1Y
150.0%

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 0.90
InCoax Networks
7D
3.2%
1Y
-48.0%
LUMEN
SEK 60.50
LumenRadio
7D
-0.8%
1Y
-39.2%
MAVEN
SEK 5.44
Maven Wireless Sweden
7D
-11.7%
1Y
-47.2%
F2M
SEK 0.019
Free2move Holding
7D
-9.5%
1Y
-17.4%