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Swedish (OMX) Communications Industry Analysis

UpdatedSep 14, 2025
DataAggregated Company Financials
Companies11
  • 7D-1.3%
  • 3M-6.6%
  • 1Y-2.1%
  • YTD-16.9%

Over the last 7 days, the Communications industry has remained flat. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 3.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Sep 2025SEK 274.8bSEK 251.1bSEK 17.6b49.9x15.6x1.1x
Tue, 12 Aug 2025SEK 267.7bSEK 251.1bSEK 17.6b47.7x15.2x1.1x
Thu, 10 Jul 2025SEK 286.2bSEK 254.9bSEK 1.9b114.5x151x1.1x
Sat, 07 Jun 2025SEK 302.8bSEK 254.9bSEK 1.9b121.3x159.8x1.2x
Mon, 05 May 2025SEK 295.3bSEK 254.9bSEK 1.9b118x155.2x1.2x
Wed, 02 Apr 2025SEK 291.3bSEK 252.9bSEK 302.6m74.2x962.7x1.2x
Fri, 28 Feb 2025SEK 326.3bSEK 253.5bSEK 284.9m79.4x1145.3x1.3x
Sun, 26 Jan 2025SEK 312.5bSEK 253.5bSEK 332.9m54.2x938.9x1.2x
Tue, 24 Dec 2024SEK 325.1bSEK 252.5b-SEK 1,052,139,568.0041.7x-309x1.3x
Thu, 21 Nov 2024SEK 317.1bSEK 252.5b-SEK 1,049,129,568.0042.8x-302.3x1.3x
Sat, 19 Oct 2024SEK 322.4bSEK 252.5b-SEK 1,037,214,961.0040.1x-310.8x1.3x
Mon, 16 Sep 2024SEK 280.8bSEK 255.1b-SEK 35,428,883,961.0036.8x-7.9x1.1x
Wed, 14 Aug 2024SEK 264.6bSEK 255.1b-SEK 35,441,929,401.0034.5x-7.5x1x
Fri, 12 Jul 2024SEK 253.1bSEK 259.5b-SEK 24,911,100,401.0033.1x-10.2x1x
Sun, 09 Jun 2024SEK 248.9bSEK 259.5b-SEK 24,909,464,401.0030.9x-10x1x
Tue, 07 May 2024SEK 218.1bSEK 259.5b-SEK 24,906,205,227.0029.2x-8.8x0.8x
Thu, 04 Apr 2024SEK 222.8bSEK 268.8b-SEK 25,891,077,227.0028.4x-8.6x0.8x
Sat, 02 Mar 2024SEK 215.7bSEK 268.8b-SEK 25,891,554,425.0026.7x-8.3x0.8x
Mon, 29 Jan 2024SEK 231.9bSEK 268.7b-SEK 25,880,323,425.0033x-9x0.9x
Wed, 27 Dec 2023SEK 238.5bSEK 282.8b-SEK 23,167,536,425.0035.3x-10.3x0.8x
Fri, 24 Nov 2023SEK 201.3bSEK 282.8b-SEK 23,164,772,425.0032.4x-8.7x0.7x
Sun, 22 Oct 2023SEK 186.8bSEK 282.8b-SEK 23,158,109,962.0027.4x-8.1x0.7x
Tue, 19 Sep 2023SEK 212.0bSEK 286.1bSEK 12.7b22.4x16.7x0.7x
Thu, 17 Aug 2023SEK 202.5bSEK 286.1bSEK 12.7b23.4x15.9x0.7x
Sat, 15 Jul 2023SEK 201.2bSEK 286.1bSEK 12.7b24.7x15.8x0.7x
Mon, 12 Jun 2023SEK 220.7bSEK 284.0bSEK 17.9b28.5x12.3x0.8x
Wed, 10 May 2023SEK 212.6bSEK 283.9bSEK 17.9b29.4x11.9x0.7x
Fri, 07 Apr 2023SEK 234.2bSEK 276.1bSEK 19.2b26.7x12.2x0.8x
Sun, 05 Mar 2023SEK 229.1bSEK 275.9bSEK 19.2b35.5x11.9x0.8x
Tue, 31 Jan 2023SEK 228.3bSEK 275.9bSEK 19.2b36.6x11.9x0.8x
Thu, 29 Dec 2022SEK 227.4bSEK 261.1bSEK 23.1b32x9.8x0.9x
Sat, 26 Nov 2022SEK 240.5bSEK 260.8bSEK 23.1b34.9x10.4x0.9x
Mon, 24 Oct 2022SEK 222.2bSEK 260.6bSEK 23.1b27.3x9.6x0.9x
Wed, 21 Sep 2022SEK 259.5bSEK 248.7bSEK 23.6b41.3x11x1x
Price to Earnings Ratio

11x


Total Market Cap: SEK 259.5bTotal 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 Market0.40%
Tech-0.68%
Communications-1.30%
Communications Equipment-1.30%
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 447.200.3%
+SEK 70.3m		3.9%PE60.9x
LUMEN LumenRadioSEK 49.253.0%
+SEK 18.2m		-54.9%PE34.8x
GAPW B GapwavesSEK 21.351.9%
+SEK 12.5m		14.8%PS7.8x
INCOAX InCoax NetworksSEK 1.246.0%
+SEK 9.2m		-44.1%PS1.9x
F2M Free2move HoldingSEK 0.03110.7%
+SEK 730.5k		3.3%PS0.4x

Latest News

HMS
SEK 447.20
HMS Networks
7D
0.3%
1Y
3.9%
NETI B
SEK 4.97
Net Insight
7D
-1.6%
1Y
-28.7%

Net Insight AB (publ)'s (STO:NETI B) 26% Jump Shows Its Popularity With Investors

Sep 08
Net Insight AB (publ)'s (STO:NETI B) 26% Jump Shows Its Popularity With Investors
MAVEN
SEK 8.02
Maven Wireless Sweden
7D
-2.9%
1Y
-34.8%

Maven Wireless Sweden AB (Publ) (STO:MAVEN) Might Not Be As Mispriced As It Looks After Plunging 27%

Sep 08
Maven Wireless Sweden AB (Publ) (STO:MAVEN) Might Not Be As Mispriced As It Looks After Plunging 27%
ERIC B
SEK 74.28
Telefonaktiebolaget LM Ericsson
7D
-1.5%
1Y
-2.1%

Accelerating 5G And AI Expansion Will Drive Telecom Modernization

As both the forward P/E and revenue growth forecasts for Telefonaktiebolaget LM Ericsson remained essentially flat, analyst estimates on fair value were unchanged, with the price target holding steady at SEK78.65. What's in the News Ericsson is in advanced talks to invest several hundred million dollars for a minority stake in Intel's newly spun-off networking and edge business, NEX, deepening an already close supplier relationship; Intel is seeking additional investors and continues to retain a stake in NEX (Bloomberg, Key Developments).
HDW B
SEK 0.49
Hitech & Development Wireless Sweden Holding
7D
1.2%
1Y
-90.2%
KEBNI B
SEK 2.38
KebNi
7D
-0.2%
1Y
98.3%
INCOAX
SEK 1.24
InCoax Networks
7D
6.0%
1Y
-44.1%
WAYS
SEK 36.50
Waystream Holding
7D
-3.2%
1Y
79.8%
GAPW B
SEK 21.35
Gapwaves
7D
1.9%
1Y
14.8%
TAGM B
SEK 16.00
TagMaster
7D
-0.9%
1Y
-0.6%
LUMEN
SEK 49.25
LumenRadio
7D
3.0%
1Y
-54.9%
F2M
SEK 0.031
Free2move Holding
7D
10.7%
1Y
3.3%