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Swedish (OMX) Communications Industry Analysis

UpdatedSep 01, 2025
DataAggregated Company Financials
Companies11
  • 7D-0.3%
  • 3M-7.1%
  • 1Y-1.0%
  • YTD-15.7%

The Communications industry has stayed flat over the last week. Furthermore, the industry has been flat for the past year as well. As for the next few years, earnings are expected to grow by 4.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 01 Sep 2025SEK 278.8bSEK 251.1bSEK 17.6b51x15.8x1.1x
Wed, 30 Jul 2025SEK 273.2bSEK 251.1bSEK 17.6b49.2x15.5x1.1x
Fri, 27 Jun 2025SEK 290.0bSEK 254.9bSEK 1.9b114.5x153x1.1x
Sun, 25 May 2025SEK 303.5bSEK 254.9bSEK 1.9b119.9x160.1x1.2x
Tue, 22 Apr 2025SEK 283.7bSEK 254.6bSEK 1.9b56.7x147.9x1.1x
Thu, 20 Mar 2025SEK 305.2bSEK 253.5bSEK 293.0m77x1041.7x1.2x
Sat, 15 Feb 2025SEK 314.6bSEK 253.6bSEK 302.9m83.3x1038.6x1.2x
Mon, 13 Jan 2025SEK 334.7bSEK 252.5b-SEK 1,052,139,568.0041x-318.1x1.3x
Wed, 11 Dec 2024SEK 331.3bSEK 252.5b-SEK 1,052,139,568.0042.7x-314.9x1.3x
Fri, 08 Nov 2024SEK 319.3bSEK 252.5b-SEK 1,040,198,568.0034.5x-307x1.3x
Sun, 06 Oct 2024SEK 280.6bSEK 255.1b-SEK 35,428,883,961.0038x-7.9x1.1x
Tue, 03 Sep 2024SEK 281.7bSEK 255.1b-SEK 35,428,883,961.0037x-8x1.1x
Thu, 01 Aug 2024SEK 271.4bSEK 255.1b-SEK 35,441,929,401.0036.9x-7.7x1.1x
Sat, 29 Jun 2024SEK 246.9bSEK 259.5b-SEK 24,911,100,401.0032.7x-9.9x1x
Mon, 27 May 2024SEK 240.8bSEK 259.5b-SEK 24,906,564,997.0030.2x-9.7x0.9x
Wed, 24 Apr 2024SEK 220.7bSEK 259.4b-SEK 24,919,303,227.0027.7x-8.9x0.9x
Fri, 22 Mar 2024SEK 219.9bSEK 268.8b-SEK 25,893,300,227.0028.8x-8.5x0.8x
Sun, 18 Feb 2024SEK 213.5bSEK 268.7b-SEK 25,907,696,425.0031.8x-8.2x0.8x
Tue, 16 Jan 2024SEK 243.3bSEK 282.8b-SEK 23,167,536,425.0032.3x-10.5x0.9x
Thu, 14 Dec 2023SEK 227.0bSEK 282.8b-SEK 23,164,772,425.0031.9x-9.8x0.8x
Sat, 11 Nov 2023SEK 191.8bSEK 282.8b-SEK 23,156,741,425.0024.6x-8.3x0.7x
Mon, 09 Oct 2023SEK 197.9bSEK 286.2bSEK 12.7b22.2x15.6x0.7x
Wed, 06 Sep 2023SEK 219.2bSEK 286.1bSEK 12.7b22.2x17.3x0.8x
Fri, 04 Aug 2023SEK 203.4bSEK 286.1bSEK 12.7b24.4x16x0.7x
Sun, 02 Jul 2023SEK 226.4bSEK 284.0bSEK 17.9b25.7x12.7x0.8x
Tue, 30 May 2023SEK 220.0bSEK 283.9bSEK 17.9b29.5x12.3x0.8x
Thu, 27 Apr 2023SEK 212.0bSEK 283.8bSEK 17.9b26.9x11.9x0.7x
Sat, 25 Mar 2023SEK 214.1bSEK 276.1bSEK 19.2b27.8x11.1x0.8x
Mon, 20 Feb 2023SEK 229.1bSEK 275.9bSEK 19.2b35.7x11.9x0.8x
Wed, 18 Jan 2023SEK 234.9bSEK 261.1bSEK 23.1b36.4x10.2x0.9x
Fri, 16 Dec 2022SEK 236.7bSEK 261.0bSEK 23.1b28.6x10.2x0.9x
Sun, 13 Nov 2022SEK 233.3bSEK 260.7bSEK 23.1b36.3x10.1x0.9x
Tue, 11 Oct 2022SEK 248.1bSEK 248.7bSEK 23.6b35x10.5x1x
Thu, 08 Sep 2022SEK 284.3bSEK 248.7bSEK 23.6b45.9x12.1x1.1x
Price to Earnings Ratio

12.1x


Total Market Cap: SEK 284.3bTotal Earnings: SEK 23.6bTotal Revenue: SEK 248.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Communications Industry Price to Earnings3Y Average 60.7x202320242025
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 15.8x which is lower than its 3-year average PE of 60.7x.
  • The 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Communications industry have declined 9.2% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Swedish Tech industry?

SE Market-1.81%
Tech-1.40%
Communications-0.33%
Communications Equipment-0.33%
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
HMS HMS NetworksSEK 460.202.0%
+SEK 461.7m		7.4%PE62.6x
GAPW B GapwavesSEK 19.007.7%
+SEK 42.4m		0.3%PS6.9x
KEBNI B KebNiSEK 2.531.0%
+SEK 6.8m		89.8%PE448.4x
INCOAX InCoax NetworksSEK 1.052.9%
+SEK 3.9m		-52.9%PS1.6x

Latest News

ERIC B
SEK 75.30
Telefonaktiebolaget LM Ericsson
7D
-0.6%
1Y
-1.2%
KEBNI B
SEK 2.53
KebNi
7D
1.0%
1Y
89.8%
NETI B
SEK 4.51
Net Insight
7D
-0.3%
1Y
-35.4%

Media Streaming And 5G Sync Will Unlock New Markets

Despite upgraded revenue growth forecasts, Net Insight’s forward P/E valuation has declined substantially, driving a reduction in the consensus analyst price target from SEK7.25 to SEK5.50. What's in the News Net Insight is collaborating with Turk Telekom and Parallel Wireless to advance 6G Open RAN standardization, focusing on GPS/GNSS-independent synchronization technology.
INCOAX
SEK 1.05
InCoax Networks
7D
2.9%
1Y
-52.9%
HMS
SEK 460.20
HMS Networks
7D
2.0%
1Y
7.4%

Red Lion And PEAK-System Integration Will Drive Efficiency Improvements

The upward revision in HMS Networks’ price target is primarily driven by a significant increase in consensus revenue growth forecasts, while profit margins remain stable, resulting in the target rising from SEK496.67 to SEK528.33. Valuation Changes Summary of Valuation Changes for HMS Networks The Consensus Analyst Price Target has risen from SEK496.67 to SEK528.33.
WAYS
SEK 39.40
Waystream Holding
7D
-1.3%
1Y
95.5%
GAPW B
SEK 19.00
Gapwaves
7D
7.7%
1Y
0.3%
MAVEN
SEK 9.36
Maven Wireless Sweden
7D
-1.3%
1Y
-26.6%

Market Might Still Lack Some Conviction On Maven Wireless Sweden AB (Publ) (STO:MAVEN) Even After 31% Share Price Boost

Jul 25
Market Might Still Lack Some Conviction On Maven Wireless Sweden AB (Publ) (STO:MAVEN) Even After 31% Share Price Boost
TAGM B
SEK 16.20
TagMaster
7D
-1.2%
1Y
-2.1%
LUMEN
SEK 51.50
LumenRadio
7D
-5.0%
1Y
-53.2%
HDW B
SEK 0.51
Hitech & Development Wireless Sweden Holding
7D
-33.9%
1Y
-92.3%
F2M
SEK 0.026
Free2move Holding
7D
-10.3%
1Y
-10.3%