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Swedish (OMX) Communications Industry Analysis

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies10
  • 7D0.7%
  • 3M18.7%
  • 1Y43.7%
  • YTD36.6%

The Communications industry has been flat over the last week, but Gapwaves has lost 9.5%. The past year has been better, since the industry has gained 44% in that time. Earnings are forecast to be flat in the coming years.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Jun 2026SEK 434.4bSEK 236.5bSEK 25.6b46x17x1.8x
Mon, 04 May 2026SEK 392.1bSEK 236.5bSEK 25.6b45.2x15.3x1.7x
Wed, 01 Apr 2026SEK 378.6bSEK 242.2bSEK 28.8b34.3x13.1x1.6x
Fri, 27 Feb 2026SEK 362.4bSEK 242.2bSEK 28.8b30.6x12.6x1.5x
Sun, 25 Jan 2026SEK 339.2bSEK 242.0bSEK 28.8b46x11.8x1.4x
Tue, 23 Dec 2025SEK 326.4bSEK 245.7bSEK 25.0b47.9x13x1.3x
Thu, 20 Nov 2025SEK 326.9bSEK 245.7bSEK 25.0b53.9x13.1x1.3x
Sat, 18 Oct 2025SEK 324.6bSEK 245.6bSEK 25.0b59.9x13x1.3x
Mon, 15 Sep 2025SEK 274.8bSEK 251.1bSEK 17.6b49.9x15.6x1.1x
Wed, 13 Aug 2025SEK 269.9bSEK 251.1bSEK 17.6b47.8x15.3x1.1x
Fri, 11 Jul 2025SEK 287.3bSEK 254.9bSEK 1.9b115.3x151.6x1.1x
Sun, 08 Jun 2025SEK 302.8bSEK 254.9bSEK 1.9b121.3x159.8x1.2x
Tue, 06 May 2025SEK 294.1bSEK 254.9bSEK 1.9b117.5x154.6x1.2x
Thu, 03 Apr 2025SEK 285.9bSEK 252.9bSEK 302.6m73.7x944.7x1.1x
Sat, 01 Mar 2025SEK 326.3bSEK 253.5bSEK 284.9m78.9x1145.4x1.3x
Mon, 27 Jan 2025SEK 312.5bSEK 253.5bSEK 332.9m54.2x938.9x1.2x
Wed, 25 Dec 2024SEK 325.1bSEK 252.5b-SEK 1,052,139,568.0041.7x-309x1.3x
Fri, 22 Nov 2024SEK 317.5bSEK 252.5b-SEK 1,049,129,568.0042.6x-302.6x1.3x
Sun, 20 Oct 2024SEK 322.4bSEK 252.5b-SEK 1,037,214,961.0040.1x-310.8x1.3x
Tue, 17 Sep 2024SEK 278.0bSEK 255.1b-SEK 35,428,883,961.0036.8x-7.8x1.1x
Thu, 15 Aug 2024SEK 265.6bSEK 255.1b-SEK 35,441,929,401.0035.1x-7.5x1x
Sat, 13 Jul 2024SEK 264.5bSEK 259.5b-SEK 24,911,100,401.0033.1x-10.6x1x
Mon, 10 Jun 2024SEK 248.9bSEK 259.5b-SEK 24,911,100,401.0030.9x-10x1x
Wed, 08 May 2024SEK 221.5bSEK 259.5b-SEK 24,902,442,227.0029x-8.9x0.9x
Fri, 05 Apr 2024SEK 216.5bSEK 268.8b-SEK 25,891,077,227.0028.4x-8.4x0.8x
Sun, 03 Mar 2024SEK 215.7bSEK 268.8b-SEK 25,891,554,425.0026.7x-8.3x0.8x
Tue, 30 Jan 2024SEK 229.8bSEK 268.7b-SEK 25,880,323,425.0033x-8.9x0.9x
Thu, 28 Dec 2023SEK 240.2bSEK 282.8b-SEK 23,167,536,425.0034.8x-10.4x0.8x
Sat, 25 Nov 2023SEK 201.8bSEK 282.8b-SEK 23,164,772,425.0033.4x-8.7x0.7x
Mon, 23 Oct 2023SEK 186.8bSEK 282.8b-SEK 23,158,109,962.0027.4x-8.1x0.7x
Wed, 20 Sep 2023SEK 212.7bSEK 286.1bSEK 12.7b22.1x16.7x0.7x
Fri, 18 Aug 2023SEK 204.1bSEK 286.1bSEK 12.7b23.1x16.1x0.7x
Sun, 16 Jul 2023SEK 201.2bSEK 286.1bSEK 12.7b24.7x15.8x0.7x
Tue, 13 Jun 2023SEK 220.6bSEK 284.0bSEK 17.9b28.8x12.3x0.8x
Price to Earnings Ratio

12.3x


Total Market Cap: SEK 220.6bTotal Earnings: SEK 17.9bTotal Revenue: SEK 284.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Communications Industry Price to Earnings3Y Average 61.4x202420252026
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 17.0x which is lower than its 3-year average PE of 61.4x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • The earnings for companies in the Communications industry have grown 13% per year over the last three years.
  • Meanwhile revenues for these companies have declined 5.9% 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-1.09%
Tech0.21%
Communications0.74%
Communications Equipment0.74%
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 121.000.7%
+SEK 3.0b		46.0%PE16x
HMS HMS NetworksSEK 542.500.8%
+SEK 225.9m		20.6%PE56.5x
MAVEN Maven Wireless SwedenSEK 6.0013.2%
+SEK 39.5m		-19.6%PS1.8x
NETI B Net InsightSEK 4.140.7%
+SEK 10.2m		18.8%PE227.6x
INCOAX InCoax NetworksSEK 1.502.7%
+SEK 5.3m		-11.2%PS4.4x

Latest News

INCOAX
SEK 1.50
InCoax Networks
7D
2.7%
1Y
-11.2%
HMS
SEK 542.50
HMS Networks
7D
0.8%
1Y
20.6%
ERIC B
SEK 121.00
Telefonaktiebolaget LM Ericsson
7D
0.7%
1Y
46.0%
Narrative Update • Jun 03

ERIC B: Future Defence And Maritime Alliances May Mask Execution Risk

Analysts have lifted their blended price target for Telefonaktiebolaget LM Ericsson to reflect a fair value shift from about SEK 92 to roughly SEK 99, citing recent target increases at several firms and updated views on earnings power, profitability and valuation multiples. Analyst Commentary Recent Street research on Telefonaktiebolaget LM Ericsson shows a mix of higher price targets, one small reduction, and rating changes in both directions, which together help explain the modest lift in the blended fair value estimate.
GAPW B
SEK 15.94
Gapwaves
7D
-9.5%
1Y
22.2%
NETI B
SEK 4.14
Net Insight
7D
0.7%
1Y
18.8%
Narrative Update • Jun 01

NETI B: Live Media And Space Timing Projects Will Support Earnings Outlook

Analysts have kept their SEK price target for Net Insight steady while tweaking underlying assumptions on the discount rate, revenue growth, profit margins and future P/E. This signals a refined view of the stock rather than a major shift in conviction.
TAGM B
SEK 40.70
TagMaster
7D
-1.2%
1Y
215.5%
MAVEN
SEK 6.00
Maven Wireless Sweden
7D
13.2%
1Y
-19.6%
WAYS
SEK 40.80
Waystream Holding
7D
-2.6%
1Y
28.3%
LUMEN
SEK 66.80
LumenRadio
7D
-0.6%
1Y
4.0%
KEBNI B
SEK 1.20
KebNi
7D
-2.5%
1Y
-39.9%