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Swedish (OMX) Communications Industry Analysis

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies10
  • 7D-0.1%
  • 3M18.1%
  • 1Y35.1%
  • YTD21.3%

The Communications is pretty flat in the last 7 days, but HMS Networks has stood out, gaining 5.5%. As for the the longer term, the industry is up 35% over the past 12 months. As for the next few years, earnings are forecast to decline by 4.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Apr 2026SEK 386.3bSEK 242.2bSEK 28.8b33.6x13.4x1.6x
Sat, 28 Feb 2026SEK 373.4bSEK 242.2bSEK 28.8b30.4x13x1.5x
Mon, 26 Jan 2026SEK 339.2bSEK 242.0bSEK 28.8b46x11.8x1.4x
Wed, 24 Dec 2025SEK 323.7bSEK 245.7bSEK 25.0b47.4x12.9x1.3x
Fri, 21 Nov 2025SEK 329.8bSEK 245.7bSEK 25.0b54.1x13.2x1.3x
Sun, 19 Oct 2025SEK 324.6bSEK 245.6bSEK 25.0b59.9x13x1.3x
Tue, 16 Sep 2025SEK 273.8bSEK 251.1bSEK 17.6b49.8x15.6x1.1x
Thu, 14 Aug 2025SEK 270.4bSEK 251.1bSEK 17.6b48.6x15.4x1.1x
Sat, 12 Jul 2025SEK 287.3bSEK 254.9bSEK 1.9b115.3x151.6x1.1x
Mon, 09 Jun 2025SEK 302.8bSEK 254.9bSEK 1.9b121.3x159.8x1.2x
Wed, 07 May 2025SEK 292.7bSEK 254.9bSEK 1.9b116.9x153.9x1.1x
Fri, 04 Apr 2025SEK 273.3bSEK 252.9bSEK 302.6m71.9x903.2x1.1x
Sun, 02 Mar 2025SEK 323.0bSEK 253.5bSEK 284.9m78.9x1133.7x1.3x
Tue, 28 Jan 2025SEK 312.5bSEK 253.5bSEK 332.9m55x938.9x1.2x
Thu, 26 Dec 2024SEK 325.1bSEK 252.5b-SEK 1,052,139,568.0041.7x-309x1.3x
Sat, 23 Nov 2024SEK 321.6bSEK 252.5b-SEK 1,052,139,568.0043.1x-305.7x1.3x
Mon, 21 Oct 2024SEK 322.4bSEK 252.5b-SEK 1,037,214,961.0040.1x-310.8x1.3x
Wed, 18 Sep 2024SEK 276.3bSEK 255.1b-SEK 35,428,883,961.0036.4x-7.8x1.1x
Fri, 16 Aug 2024SEK 271.5bSEK 255.1b-SEK 35,441,929,401.0034.9x-7.7x1.1x
Sun, 14 Jul 2024SEK 264.5bSEK 255.0b-SEK 35,454,906,401.0036.6x-7.5x1x
Tue, 11 Jun 2024SEK 248.9bSEK 259.5b-SEK 24,911,100,401.0031.7x-10x1x
Thu, 09 May 2024SEK 220.7bSEK 259.5b-SEK 24,894,925,997.0028.8x-8.9x0.9x
Sat, 06 Apr 2024SEK 209.7bSEK 268.8b-SEK 25,891,077,227.0028.8x-8.1x0.8x
Mon, 04 Mar 2024SEK 215.7bSEK 268.8b-SEK 25,891,554,425.0026.7x-8.3x0.8x
Wed, 31 Jan 2024SEK 225.7bSEK 268.7b-SEK 25,880,323,425.0032.8x-8.7x0.8x
Fri, 29 Dec 2023SEK 240.6bSEK 282.8b-SEK 23,167,536,425.0036x-10.4x0.9x
Sun, 26 Nov 2023SEK 201.8bSEK 282.8b-SEK 23,164,772,425.0033.4x-8.7x0.7x
Tue, 24 Oct 2023SEK 188.0bSEK 282.8b-SEK 23,158,109,962.0027.1x-8.1x0.7x
Thu, 21 Sep 2023SEK 215.1bSEK 286.1bSEK 12.7b22.5x16.9x0.8x
Sat, 19 Aug 2023SEK 205.5bSEK 286.1bSEK 12.7b23.1x16.2x0.7x
Mon, 17 Jul 2023SEK 201.2bSEK 286.1bSEK 12.7b24.7x15.8x0.7x
Wed, 14 Jun 2023SEK 223.6bSEK 284.0bSEK 17.9b28.3x12.5x0.8x
Fri, 12 May 2023SEK 208.3bSEK 283.9bSEK 17.9b29.2x11.6x0.7x
Sun, 09 Apr 2023SEK 234.2bSEK 276.1bSEK 19.2b26.7x12.2x0.8x
Price to Earnings Ratio

12.2x


Total Market Cap: SEK 234.2bTotal Earnings: SEK 19.2bTotal Revenue: SEK 276.1bTotal 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 13.4x 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 1.6x.
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 Market2.73%
Tech-0.26%
Communications-0.13%
Communications Equipment-0.13%
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 436.805.5%
+SEK 1.1b		-4.0%PE50.4x
TAGM B TagMasterSEK 25.805.7%
+SEK 20.5m		84.9%PE17.8x
MAVEN Maven Wireless SwedenSEK 5.207.2%
+SEK 18.6m		-41.2%PS1.3x
GAPW B GapwavesSEK 11.302.9%
+SEK 11.6m		-16.5%PS4.5x
NETI B Net InsightSEK 2.410.6%
+SEK 5.1m		-48.2%PS1.6x

Latest News

MAVEN
SEK 5.20
Maven Wireless Sweden
7D
7.2%
1Y
-41.2%
NETI B
SEK 2.41
Net Insight
7D
0.6%
1Y
-48.2%
ERIC B
SEK 108.30
Telefonaktiebolaget LM Ericsson
7D
-0.5%
1Y
39.6%
KEBNI B
SEK 1.24
KebNi
7D
-8.5%
1Y
-13.6%
HMS
SEK 436.80
HMS Networks
7D
5.5%
1Y
-4.0%
LUMEN
SEK 59.00
LumenRadio
7D
0.2%
1Y
-24.0%
GAPW B
SEK 11.30
Gapwaves
7D
2.9%
1Y
-16.5%

GAPW B: New Desay SV Radar Order Will Drive Future Upside

Analysts now estimate Gapwaves' fair value at SEK22.0, down from SEK22.5, reflecting slightly adjusted assumptions around the discount rate, revenue growth, profit margin and future P/E multiples. What's in the News Gapwaves received an order from Desay SV to design, develop, and deliver waveguide antenna prototypes for next generation automotive front radar sensors used in ADAS applications, under a new frame agreement between the companies (Key Developments).
INCOAX
SEK 0.45
InCoax Networks
7D
-8.5%
1Y
-73.2%
WAYS
SEK 41.70
Waystream Holding
7D
-2.8%
1Y
91.7%
TAGM B
SEK 25.80
TagMaster
7D
5.7%
1Y
84.9%

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
F2M
SEK 0.018
Free2move Holding
7D
-5.3%
1Y
-37.9%