Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Swedish (OMX) Communications Industry Analysis

UpdatedFeb 23, 2026
DataAggregated Company Financials
Companies10
  • 7D3.5%
  • 3M9.9%
  • 1Y15.8%
  • YTD14.0%

The Communications industry is up 3.5% in the last week, with Telefonaktiebolaget LM Ericsson up 2.5%. In the last 12 months, the industry was up 16%. 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
Tue, 24 Feb 2026SEK 363.3bSEK 242.2bSEK 28.8b31.8x12.6x1.5x
Thu, 22 Jan 2026SEK 311.6bSEK 245.7bSEK 25.0b46.2x12.4x1.3x
Sat, 20 Dec 2025SEK 326.2bSEK 245.7bSEK 25.0b47.9x13x1.3x
Mon, 17 Nov 2025SEK 338.6bSEK 245.7bSEK 25.0b56.3x13.5x1.4x
Wed, 15 Oct 2025SEK 333.3bSEK 245.6bSEK 25.0b50x13.4x1.4x
Fri, 12 Sep 2025SEK 278.0bSEK 251.1bSEK 17.6b50.7x15.8x1.1x
Sun, 10 Aug 2025SEK 267.3bSEK 251.1bSEK 17.6b48.2x15.2x1.1x
Tue, 08 Jul 2025SEK 299.4bSEK 254.9bSEK 1.9b118.8x158x1.2x
Thu, 05 Jun 2025SEK 302.7bSEK 254.9bSEK 1.9b120.8x159.7x1.2x
Sat, 03 May 2025SEK 295.3bSEK 254.9bSEK 1.9b118x155.2x1.2x
Mon, 31 Mar 2025SEK 289.7bSEK 252.9bSEK 302.6m73.2x957.3x1.1x
Wed, 26 Feb 2025SEK 321.5bSEK 253.5bSEK 289.7m79.9x1109.7x1.3x
Fri, 24 Jan 2025SEK 353.8bSEK 252.5b-SEK 1,052,139,568.0043.1x-336.3x1.4x
Sun, 22 Dec 2024SEK 324.0bSEK 252.5b-SEK 1,052,139,568.0039.6x-308x1.3x
Tue, 19 Nov 2024SEK 317.9bSEK 252.5b-SEK 1,049,129,568.0043.1x-303x1.3x
Thu, 17 Oct 2024SEK 319.5bSEK 252.5b-SEK 944,883,961.0037.2x-338.1x1.3x
Sat, 14 Sep 2024SEK 280.8bSEK 255.1b-SEK 35,428,883,961.0036.8x-7.9x1.1x
Mon, 12 Aug 2024SEK 260.5bSEK 255.1b-SEK 35,441,929,401.0034.7x-7.3x1x
Wed, 10 Jul 2024SEK 251.2bSEK 259.5b-SEK 24,911,100,401.0032.5x-10.1x1x
Fri, 07 Jun 2024SEK 247.5bSEK 259.5b-SEK 24,906,564,997.0029.9x-9.9x1x
Sun, 05 May 2024SEK 216.5bSEK 259.5b-SEK 24,906,205,227.0028.7x-8.7x0.8x
Tue, 02 Apr 2024SEK 220.2bSEK 268.8b-SEK 25,891,077,227.0028.7x-8.5x0.8x
Thu, 29 Feb 2024SEK 213.6bSEK 268.8b-SEK 25,891,554,425.0026.8x-8.2x0.8x
Sat, 27 Jan 2024SEK 231.9bSEK 268.7b-SEK 25,880,323,425.0033x-9x0.9x
Mon, 25 Dec 2023SEK 238.5bSEK 282.8b-SEK 23,167,536,425.0035.3x-10.3x0.8x
Wed, 22 Nov 2023SEK 200.8bSEK 282.8b-SEK 23,164,772,425.0030.5x-8.7x0.7x
Fri, 20 Oct 2023SEK 187.3bSEK 282.8b-SEK 23,147,256,366.0023.6x-8.1x0.7x
Sun, 17 Sep 2023SEK 211.2bSEK 286.1bSEK 12.7b23x16.6x0.7x
Tue, 15 Aug 2023SEK 207.1bSEK 286.1bSEK 12.7b24x16.3x0.7x
Thu, 13 Jul 2023SEK 224.9bSEK 284.0bSEK 17.9b25.1x12.6x0.8x
Sat, 10 Jun 2023SEK 220.7bSEK 284.0bSEK 17.9b28.5x12.3x0.8x
Mon, 08 May 2023SEK 215.8bSEK 283.9bSEK 17.9b29.9x12.1x0.8x
Wed, 05 Apr 2023SEK 228.0bSEK 276.1bSEK 19.2b26.8x11.9x0.8x
Fri, 03 Mar 2023SEK 220.5bSEK 276.0bSEK 19.2b35.1x11.5x0.8x
Price to Earnings Ratio

11.5x


Total Market Cap: SEK 220.5bTotal Earnings: SEK 19.2bTotal Revenue: SEK 276.0bTotal 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 12.6x 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 1.5x.
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 Market1.86%
Tech3.18%
Communications3.49%
Communications Equipment3.49%
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 100.852.5%
+SEK 8.2b		18.6%PE11.8x
LUMEN LumenRadioSEK 55.003.6%
+SEK 23.9m		-42.7%PE40.2x

Latest News

HMS
SEK 387.20
HMS Networks
7D
-0.6%
1Y
-22.1%

HMS: Recent Rating Upgrades And Dividend Proposal Will Support Future Upside

Analysts have lifted their price target on HMS Networks to SEK 550, up from SEK 480, citing updated research that points to slightly stronger assumptions for long term growth and profitability, supported by recent rating upgrades. Analyst Commentary Recent research has pointed to a more constructive view on HMS Networks, with bullish analysts updating their models and signalling greater confidence in the company’s long term growth and profitability assumptions.
WAYS
SEK 40.10
Waystream Holding
7D
-1.0%
1Y
135.6%
GAPW B
SEK 10.12
Gapwaves
7D
-9.3%
1Y
-25.5%
ERIC B
SEK 100.85
Telefonaktiebolaget LM Ericsson
7D
2.5%
1Y
18.6%

ERIC B: Trusted Tech Alliance And New Partnerships Will Shape Risk Balance

Analysts have nudged their average price target on Telefonaktiebolaget LM Ericsson higher by roughly SEK 4 per share, citing updated assumptions for modest revenue growth, improved profit margins, and a slightly lower future P/E, even with a small lift in the discount rate. Analyst Commentary Recent Street research on Telefonaktiebolaget LM Ericsson has focused largely on fine tuning price targets, with several firms adjusting their estimates by SEK 1 to SEK 3 per share.
NETI B
SEK 2.09
Net Insight
7D
-1.2%
1Y
-59.1%
KEBNI B
SEK 1.48
KebNi
7D
-2.5%
1Y
4.2%
MAVEN
SEK 4.10
Maven Wireless Sweden
7D
-1.9%
1Y
-54.6%
TAGM B
SEK 24.40
TagMaster
7D
-1.6%
1Y
63.2%

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
LUMEN
SEK 55.00
LumenRadio
7D
3.6%
1Y
-42.7%

LumenRadio (STO:LUMEN) Is Looking To Continue Growing Its Returns On Capital

Feb 10
LumenRadio (STO:LUMEN) Is Looking To Continue Growing Its Returns On Capital
INCOAX
SEK 0.54
InCoax Networks
7D
-2.9%
1Y
-69.9%