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Swedish (OMX) Communications Industry Analysis

UpdatedJan 21, 2026
DataAggregated Company Financials
Companies10
  • 7D-0.8%
  • 3M-4.8%
  • 1Y-10.0%
  • YTD-2.2%

In the last week, Communications has been flat. As for the longer term, the industry has declined 10% in the last year. Looking forward, earnings are forecast to decline by 8.7% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 Jan 2026SEK 311.5bSEK 245.7bSEK 25.0b46.3x12.4x1.3x
Fri, 19 Dec 2025SEK 325.4bSEK 245.7bSEK 25.0b47.8x13x1.3x
Sun, 16 Nov 2025SEK 338.6bSEK 245.7bSEK 25.0b56.3x13.5x1.4x
Tue, 14 Oct 2025SEK 286.7bSEK 251.1bSEK 17.6b49.9x16.3x1.1x
Thu, 11 Sep 2025SEK 278.0bSEK 251.1bSEK 17.6b50.6x15.8x1.1x
Sat, 09 Aug 2025SEK 267.3bSEK 251.1bSEK 17.6b48.2x15.2x1.1x
Mon, 07 Jul 2025SEK 299.3bSEK 254.9bSEK 1.9b119.1x157.9x1.2x
Wed, 04 Jun 2025SEK 300.0bSEK 254.9bSEK 1.9b119.5x158.3x1.2x
Fri, 02 May 2025SEK 296.3bSEK 254.9bSEK 1.9b118.3x155.8x1.2x
Sun, 30 Mar 2025SEK 289.7bSEK 252.9bSEK 302.6m73.2x957.3x1.1x
Tue, 25 Feb 2025SEK 313.4bSEK 253.5bSEK 289.7m80.5x1081.9x1.2x
Thu, 23 Jan 2025SEK 346.2bSEK 252.5b-SEK 1,052,139,568.0042.2x-329.1x1.4x
Sat, 21 Dec 2024SEK 324.0bSEK 252.5b-SEK 1,052,139,568.0039.6x-308x1.3x
Mon, 18 Nov 2024SEK 315.5bSEK 252.5b-SEK 1,039,309,568.0033.3x-303.6x1.2x
Wed, 16 Oct 2024SEK 314.9bSEK 252.5b-SEK 944,883,961.0037.4x-333.2x1.2x
Fri, 13 Sep 2024SEK 278.5bSEK 255.1b-SEK 35,428,883,961.0036.7x-7.9x1.1x
Sun, 11 Aug 2024SEK 260.5bSEK 255.1b-SEK 35,441,929,401.0034.7x-7.3x1x
Tue, 09 Jul 2024SEK 253.4bSEK 259.5b-SEK 24,911,100,401.0032.9x-10.2x1x
Thu, 06 Jun 2024SEK 247.5bSEK 259.5b-SEK 24,906,564,997.0029.9x-9.9x1x
Sat, 04 May 2024SEK 216.5bSEK 259.5b-SEK 24,906,205,227.0028.7x-8.7x0.8x
Mon, 01 Apr 2024SEK 220.2bSEK 268.8b-SEK 25,891,077,227.0028.7x-8.5x0.8x
Wed, 28 Feb 2024SEK 215.8bSEK 268.8b-SEK 25,887,446,425.0025.6x-8.3x0.8x
Fri, 26 Jan 2024SEK 232.1bSEK 268.7b-SEK 25,839,536,425.0033.3x-9x0.9x
Sun, 24 Dec 2023SEK 238.5bSEK 282.8b-SEK 23,167,536,425.0035.3x-10.3x0.8x
Tue, 21 Nov 2023SEK 202.7bSEK 282.8b-SEK 23,164,772,425.0030.5x-8.7x0.7x
Thu, 19 Oct 2023SEK 188.5bSEK 282.8b-SEK 23,147,256,366.0024.3x-8.1x0.7x
Sat, 16 Sep 2023SEK 212.0bSEK 286.1bSEK 12.7b22.6x16.7x0.7x
Mon, 14 Aug 2023SEK 206.1bSEK 286.1bSEK 12.7b24x16.2x0.7x
Wed, 12 Jul 2023SEK 221.8bSEK 284.0bSEK 17.9b24.8x12.4x0.8x
Fri, 09 Jun 2023SEK 219.8bSEK 284.0bSEK 17.9b28x12.3x0.8x
Sun, 07 May 2023SEK 215.8bSEK 283.9bSEK 17.9b29.9x12.1x0.8x
Tue, 04 Apr 2023SEK 227.7bSEK 276.1bSEK 19.2b27x11.9x0.8x
Thu, 02 Mar 2023SEK 219.5bSEK 276.0bSEK 19.2b38.4x11.4x0.8x
Sat, 28 Jan 2023SEK 228.3bSEK 275.9bSEK 19.2b36.8x11.9x0.8x
Price to Earnings Ratio

11.9x


Total Market Cap: SEK 228.3bTotal Earnings: SEK 19.2bTotal 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 12.4x 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 9.4% per year over the last three years.
  • Meanwhile revenues for these companies have declined 3.8% 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 Market-1.01%
Tech-3.89%
Communications-0.78%
Communications Equipment-0.78%
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
LUMEN LumenRadioSEK 63.401.8%
+SEK 13.8m		-35.8%PE46.3x
WAYS Waystream HoldingSEK 39.501.3%
+SEK 4.0m		141.7%PE575.4x

Latest News

ERIC B
SEK 86.42
Telefonaktiebolaget LM Ericsson
7D
-0.7%
1Y
-9.6%
NETI B
SEK 3.42
Net Insight
7D
-12.2%
1Y
-51.2%
GAPW B
SEK 14.58
Gapwaves
7D
-2.3%
1Y
5.3%

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 388.20
HMS Networks
7D
-1.4%
1Y
-11.7%

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 18.00
TagMaster
7D
-9.3%
1Y
48.8%

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 1.76
KebNi
7D
-7.2%
1Y
72.2%
WAYS
SEK 39.50
Waystream Holding
7D
1.3%
1Y
141.7%

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 0.86
InCoax Networks
7D
-9.3%
1Y
-49.9%
LUMEN
SEK 63.40
LumenRadio
7D
1.8%
1Y
-35.8%
MAVEN
SEK 5.40
Maven Wireless Sweden
7D
-2.9%
1Y
-54.6%