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Swedish (OMX) Communications Industry Analysis

UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies10
  • 7D2.1%
  • 3M9.0%
  • 1Y14.8%
  • YTD12.8%

The Communications industry is up 2.1% in the last week, with Telefonaktiebolaget LM Ericsson up 2.3%. Meanwhile, KebNi actually underperformed within the industry, shrinking 20% in the last week. This takes the industry's 12 month performance to a gain of 15%. 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
Thu, 19 Feb 2026SEK 359.5bSEK 242.1bSEK 28.8b37.3x12.5x1.5x
Sat, 17 Jan 2026SEK 316.0bSEK 245.7bSEK 25.0b46.3x12.6x1.3x
Mon, 15 Dec 2025SEK 323.3bSEK 245.7bSEK 25.0b50.9x12.9x1.3x
Wed, 12 Nov 2025SEK 343.1bSEK 245.7bSEK 25.0b59.7x13.7x1.4x
Fri, 10 Oct 2025SEK 290.4bSEK 251.1bSEK 17.6b49.8x16.5x1.2x
Sun, 07 Sep 2025SEK 278.4bSEK 251.1bSEK 17.6b50x15.8x1.1x
Tue, 05 Aug 2025SEK 265.2bSEK 251.1bSEK 17.6b48.1x15.1x1.1x
Thu, 03 Jul 2025SEK 297.9bSEK 254.9bSEK 1.9b117.9x157.2x1.2x
Sat, 31 May 2025SEK 297.4bSEK 254.9bSEK 1.9b119x156.9x1.2x
Mon, 28 Apr 2025SEK 292.1bSEK 254.9bSEK 1.9b116.7x151.5x1.1x
Wed, 26 Mar 2025SEK 307.2bSEK 253.5bSEK 293.0m76.7x1048.6x1.2x
Fri, 21 Feb 2025SEK 315.7bSEK 253.5bSEK 289.7m81.5x1089.8x1.2x
Sun, 19 Jan 2025SEK 344.2bSEK 252.5b-SEK 1,052,139,568.0044x-327.1x1.4x
Tue, 17 Dec 2024SEK 329.6bSEK 252.5b-SEK 1,052,139,568.0041.3x-313.3x1.3x
Thu, 14 Nov 2024SEK 318.2bSEK 252.5b-SEK 1,039,310,568.0032.9x-306.2x1.3x
Sat, 12 Oct 2024SEK 284.2bSEK 255.1b-SEK 35,428,883,961.0037.5x-8x1.1x
Mon, 09 Sep 2024SEK 275.8bSEK 255.1b-SEK 35,428,883,961.0037x-7.8x1.1x
Wed, 07 Aug 2024SEK 255.5bSEK 255.1b-SEK 35,441,929,401.0034.7x-7.2x1x
Fri, 05 Jul 2024SEK 244.7bSEK 259.5b-SEK 24,911,100,401.0031.9x-9.8x0.9x
Sun, 02 Jun 2024SEK 244.4bSEK 259.5b-SEK 24,906,564,997.0031.4x-9.8x0.9x
Tue, 30 Apr 2024SEK 215.7bSEK 259.4b-SEK 24,922,753,227.0029.6x-8.7x0.8x
Thu, 28 Mar 2024SEK 221.3bSEK 268.8b-SEK 25,893,300,227.0029.6x-8.5x0.8x
Sat, 24 Feb 2024SEK 215.3bSEK 268.8b-SEK 25,900,871,425.0032.9x-8.3x0.8x
Mon, 22 Jan 2024SEK 234.9bSEK 282.8b-SEK 23,167,536,425.0033.1x-10.1x0.8x
Wed, 20 Dec 2023SEK 234.5bSEK 282.8b-SEK 23,167,536,425.0034.6x-10.1x0.8x
Fri, 17 Nov 2023SEK 198.4bSEK 282.8b-SEK 23,164,772,425.0025.5x-8.6x0.7x
Sun, 15 Oct 2023SEK 201.9bSEK 286.2bSEK 12.7b21.8x15.9x0.7x
Tue, 12 Sep 2023SEK 216.0bSEK 286.1bSEK 12.7b22x17x0.8x
Thu, 10 Aug 2023SEK 205.5bSEK 286.1bSEK 12.7b24.2x16.2x0.7x
Sat, 08 Jul 2023SEK 223.5bSEK 284.0bSEK 17.9b24.9x12.5x0.8x
Mon, 05 Jun 2023SEK 219.4bSEK 284.0bSEK 17.9b28.3x12.3x0.8x
Wed, 03 May 2023SEK 214.7bSEK 283.9bSEK 17.9b30.9x12x0.8x
Fri, 31 Mar 2023SEK 226.8bSEK 276.1bSEK 19.2b27.3x11.8x0.8x
Sun, 26 Feb 2023SEK 219.9bSEK 276.0bSEK 19.2b36.5x11.4x0.8x
Price to Earnings Ratio

11.4x


Total Market Cap: SEK 219.9bTotal 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 12.5x 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 Market-0.44%
Tech1.52%
Communications2.10%
Communications Equipment2.10%
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 100.952.3%
+SEK 7.6b		19.0%PE11.8x
NETI B Net InsightSEK 2.119.3%
+SEK 60.9m		-59.8%PS1.4x
TAGM B TagMasterSEK 24.908.7%
+SEK 29.3m		63.3%PE17.2x
WAYS Waystream HoldingSEK 41.600.7%
+SEK 2.4m		183.0%PE606x

Latest News

NETI B
SEK 2.11
Net Insight
7D
9.3%
1Y
-59.8%
ERIC B
SEK 100.95
Telefonaktiebolaget LM Ericsson
7D
2.3%
1Y
19.0%
GAPW B
SEK 10.58
Gapwaves
7D
-11.1%
1Y
-23.8%

Gapwaves AB (publ) (STO:GAPW B) Shares Slammed 25% But Getting In Cheap Might Be Difficult Regardless

Feb 15
Gapwaves AB (publ) (STO:GAPW B) Shares Slammed 25% But Getting In Cheap Might Be Difficult Regardless
KEBNI B
SEK 1.39
KebNi
7D
-20.2%
1Y
3.7%
MAVEN
SEK 4.06
Maven Wireless Sweden
7D
-7.3%
1Y
-56.7%
HMS
SEK 394.80
HMS Networks
7D
-0.4%
1Y
-21.5%
TAGM B
SEK 24.90
TagMaster
7D
8.7%
1Y
63.3%

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 51.00
LumenRadio
7D
-7.3%
1Y
-48.3%

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
WAYS
SEK 41.60
Waystream Holding
7D
0.7%
1Y
183.0%

The Market Lifts Waystream Holding AB (publ) (STO:WAYS) Shares 26% But It Can Do More

Jan 01
The Market Lifts Waystream Holding AB (publ) (STO:WAYS) Shares 26% But It Can Do More
F2M
SEK 0.019
Free2move Holding
7D
-17.4%
1Y
5.6%