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Swedish (OMX) Communications Industry Analysis

UpdatedMar 30, 2026
DataAggregated Company Financials
Companies10
  • 7D-0.05%
  • 3M16.0%
  • 1Y30.1%
  • YTD18.4%

In the last week, Communications has been flat. The past year has been better, since the industry has gained 30% in that time. In the next few years, earnings are forecast to decline by 4.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 30 Mar 2026SEK 376.9bSEK 242.2bSEK 28.8b34.1x13.1x1.6x
Wed, 25 Feb 2026SEK 355.6bSEK 242.2bSEK 28.8b30.8x12.3x1.5x
Fri, 23 Jan 2026SEK 309.6bSEK 245.7bSEK 25.0b46x12.4x1.3x
Sun, 21 Dec 2025SEK 326.2bSEK 245.7bSEK 25.0b47.9x13x1.3x
Tue, 18 Nov 2025SEK 335.9bSEK 245.7bSEK 25.0b55.3x13.4x1.4x
Thu, 16 Oct 2025SEK 329.3bSEK 245.6bSEK 25.0b48.9x13.2x1.3x
Sat, 13 Sep 2025SEK 274.8bSEK 251.1bSEK 17.6b49.9x15.6x1.1x
Mon, 11 Aug 2025SEK 267.3bSEK 251.1bSEK 17.6b48.2x15.2x1.1x
Wed, 09 Jul 2025SEK 299.6bSEK 254.9bSEK 1.9b119.1x158.1x1.2x
Fri, 06 Jun 2025SEK 302.8bSEK 254.9bSEK 1.9b121.3x159.8x1.2x
Sun, 04 May 2025SEK 295.3bSEK 254.9bSEK 1.9b118x155.2x1.2x
Tue, 01 Apr 2025SEK 285.5bSEK 252.9bSEK 302.6m71.5x943.3x1.1x
Thu, 27 Feb 2025SEK 325.4bSEK 253.5bSEK 284.9m79.7x1142.2x1.3x
Sat, 25 Jan 2025SEK 312.5bSEK 252.5b-SEK 1,052,139,568.0043.9x-297x1.2x
Mon, 23 Dec 2024SEK 324.0bSEK 252.5b-SEK 1,052,139,568.0039.6x-308x1.3x
Wed, 20 Nov 2024SEK 319.5bSEK 252.5b-SEK 1,049,129,568.0042.9x-304.6x1.3x
Fri, 18 Oct 2024SEK 316.8bSEK 252.5b-SEK 944,883,961.0036.6x-335.3x1.3x
Sun, 15 Sep 2024SEK 280.8bSEK 255.1b-SEK 35,428,883,961.0036.8x-7.9x1.1x
Tue, 13 Aug 2024SEK 263.2bSEK 255.1b-SEK 35,441,929,401.0034.5x-7.4x1x
Thu, 11 Jul 2024SEK 253.3bSEK 259.5b-SEK 24,911,100,401.0032.7x-10.2x1x
Sat, 08 Jun 2024SEK 248.9bSEK 259.5b-SEK 24,906,564,997.0030.9x-10x1x
Mon, 06 May 2024SEK 216.5bSEK 259.5b-SEK 24,906,205,227.0028.7x-8.7x0.8x
Wed, 03 Apr 2024SEK 221.0bSEK 268.8b-SEK 25,891,077,227.0028.3x-8.5x0.8x
Fri, 01 Mar 2024SEK 214.7bSEK 268.8b-SEK 25,891,554,425.0027.1x-8.3x0.8x
Sun, 28 Jan 2024SEK 231.9bSEK 268.7b-SEK 25,880,323,425.0033x-9x0.9x
Tue, 26 Dec 2023SEK 238.5bSEK 282.8b-SEK 23,167,536,425.0035.3x-10.3x0.8x
Thu, 23 Nov 2023SEK 200.6bSEK 282.8b-SEK 23,164,772,425.0030.5x-8.7x0.7x
Sat, 21 Oct 2023SEK 186.8bSEK 282.8b-SEK 23,147,256,366.0023.4x-8.1x0.7x
Mon, 18 Sep 2023SEK 211.2bSEK 286.1bSEK 12.7b23x16.6x0.7x
Wed, 16 Aug 2023SEK 206.1bSEK 286.1bSEK 12.7b23.2x16.2x0.7x
Fri, 14 Jul 2023SEK 224.7bSEK 284.0bSEK 17.9b24.5x12.6x0.8x
Sun, 11 Jun 2023SEK 220.7bSEK 284.0bSEK 17.9b28.5x12.3x0.8x
Tue, 09 May 2023SEK 215.9bSEK 283.9bSEK 17.9b29.5x12.1x0.8x
Thu, 06 Apr 2023SEK 230.1bSEK 276.1bSEK 19.2b26.8x12x0.8x
Price to Earnings Ratio

12x


Total Market Cap: SEK 230.1bTotal 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 13.1x 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 Market0.097%
Tech-1.59%
Communications-0.048%
Communications Equipment-0.048%
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 107.001.8%
+SEK 6.2b		37.7%PE12.5x
HMS HMS NetworksSEK 419.202.5%
+SEK 515.9m		-5.0%PE48.4x
LUMEN LumenRadioSEK 59.809.1%
+SEK 62.9m		-20.8%PE39.4x
NETI B Net InsightSEK 2.331.8%
+SEK 13.6m		-49.8%PS1.5x
GAPW B GapwavesSEK 10.900.9%
+SEK 3.6m		-21.2%PS4.4x

Latest News

HMS
SEK 419.20
HMS Networks
7D
2.5%
1Y
-5.0%
LUMEN
SEK 59.80
LumenRadio
7D
9.1%
1Y
-20.8%
NETI B
SEK 2.33
Net Insight
7D
1.8%
1Y
-49.8%

NETI B: New CEO And Live Media Platform Rollout Will Support Upside

Analysts have raised their price target on Net Insight from SEK 3.00 to SEK 4.25, citing updated assumptions for revenue growth, profit margins and future P/E, which contribute to a slightly lower discount rate. What's in the News Net Insight introduced a full IP JPEG XS solution designed for ultra low latency real time production, with capacity for up to 192 Full HD or 90 UHD streams per device in ST 2110 environments.
GAPW B
SEK 10.90
Gapwaves
7D
0.9%
1Y
-21.2%

GAPW B: New Desay SV Radar Order Will Drive Future Upside

Analysts now estimate Gapwaves' fair value at SEK22.0, down from SEK22.5, reflecting slightly adjusted assumptions around the discount rate, revenue growth, profit margin and future P/E multiples. What's in the News Gapwaves received an order from Desay SV to design, develop, and deliver waveguide antenna prototypes for next generation automotive front radar sensors used in ADAS applications, under a new frame agreement between the companies (Key Developments).
KEBNI B
SEK 1.27
KebNi
7D
-3.6%
1Y
-8.0%
ERIC B
SEK 107.00
Telefonaktiebolaget LM Ericsson
7D
1.8%
1Y
37.7%

ERIC B: Cost Cuts And 6G Hype Will Likely Fail To Justify Valuation

Ericsson's analyst price target has moved from SEK 62 to SEK 65, as analysts factor in expected earnings benefits from cost cuts and identified growth opportunities highlighted in recent research updates. Analyst Commentary Recent Street research on Telefonaktiebolaget LM Ericsson has included a mix of price target adjustments and a rating upgrade, reflecting differing views on how effectively the company can convert cost savings and identified opportunities into sustained earnings.
INCOAX
SEK 0.45
InCoax Networks
7D
-8.1%
1Y
-72.7%
WAYS
SEK 42.30
Waystream Holding
7D
-3.9%
1Y
94.5%
MAVEN
SEK 5.00
Maven Wireless Sweden
7D
-3.8%
1Y
-46.5%
TAGM B
SEK 24.20
TagMaster
7D
0.8%
1Y
74.1%

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