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Swedish (OMX) Communications Industry Analysis

UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies10
  • 7D4.3%
  • 3M10.5%
  • 1Y14.6%
  • YTD13.5%

In the last week, the Communications industry is up 2.1%, with Telefonaktiebolaget LM Ericsson up 2.3%. In the same time, KebNi was down 20%. In the last 12 months, the industry was up 15%. Looking forward, earnings are forecast to decline by 4.9% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Feb 2026SEK 361.8bSEK 242.1bSEK 28.8b39.5x12.6x1.5x
Sun, 18 Jan 2026SEK 316.0bSEK 245.7bSEK 25.0b46.3x12.6x1.3x
Tue, 16 Dec 2025SEK 324.0bSEK 245.7bSEK 25.0b50.9x12.9x1.3x
Thu, 13 Nov 2025SEK 345.7bSEK 245.7bSEK 25.0b59.9x13.8x1.4x
Sat, 11 Oct 2025SEK 291.0bSEK 251.1bSEK 17.6b50x16.5x1.2x
Mon, 08 Sep 2025SEK 278.4bSEK 251.1bSEK 17.6b50x15.8x1.1x
Wed, 06 Aug 2025SEK 265.2bSEK 251.1bSEK 17.6b48.8x15.1x1.1x
Fri, 04 Jul 2025SEK 299.6bSEK 254.9bSEK 1.9b119x158.1x1.2x
Sun, 01 Jun 2025SEK 297.4bSEK 254.9bSEK 1.9b119x156.9x1.2x
Tue, 29 Apr 2025SEK 291.2bSEK 254.9bSEK 1.9b116.7x151.1x1.1x
Thu, 27 Mar 2025SEK 301.1bSEK 253.5bSEK 292.7m74x1028.9x1.2x
Sat, 22 Feb 2025SEK 314.4bSEK 253.5bSEK 289.7m81x1085.4x1.2x
Mon, 20 Jan 2025SEK 344.2bSEK 252.5b-SEK 1,052,139,568.0044x-327.1x1.4x
Wed, 18 Dec 2024SEK 326.9bSEK 252.5b-SEK 1,052,139,568.0041.4x-310.7x1.3x
Fri, 15 Nov 2024SEK 318.5bSEK 252.5b-SEK 1,039,310,568.0033.9x-306.4x1.3x
Sun, 13 Oct 2024SEK 284.2bSEK 255.1b-SEK 35,428,883,961.0037.5x-8x1.1x
Tue, 10 Sep 2024SEK 279.3bSEK 255.1b-SEK 35,428,883,961.0036.9x-7.9x1.1x
Thu, 08 Aug 2024SEK 259.2bSEK 255.1b-SEK 35,441,929,401.0035.3x-7.3x1x
Sat, 06 Jul 2024SEK 245.5bSEK 259.5b-SEK 24,911,100,401.0031.7x-9.9x0.9x
Mon, 03 Jun 2024SEK 244.4bSEK 259.5b-SEK 24,906,564,997.0031.4x-9.8x0.9x
Wed, 01 May 2024SEK 214.5bSEK 259.5b-SEK 24,910,449,227.0028.8x-8.6x0.8x
Fri, 29 Mar 2024SEK 220.2bSEK 268.8b-SEK 25,893,300,227.0029.6x-8.5x0.8x
Sun, 25 Feb 2024SEK 215.3bSEK 268.8b-SEK 25,887,446,425.0026.9x-8.3x0.8x
Tue, 23 Jan 2024SEK 234.0bSEK 282.8b-SEK 23,167,536,425.0033x-10.1x0.8x
Thu, 21 Dec 2023SEK 238.1bSEK 282.8b-SEK 23,167,536,425.0035.5x-10.3x0.8x
Sat, 18 Nov 2023SEK 199.6bSEK 282.8b-SEK 23,164,772,425.0028.1x-8.6x0.7x
Mon, 16 Oct 2023SEK 201.9bSEK 286.2bSEK 12.7b21.8x15.9x0.7x
Wed, 13 Sep 2023SEK 212.7bSEK 286.1bSEK 12.7b21.9x16.7x0.7x
Fri, 11 Aug 2023SEK 208.7bSEK 286.1bSEK 12.7b23.9x16.4x0.7x
Sun, 09 Jul 2023SEK 223.5bSEK 284.0bSEK 17.9b24.9x12.5x0.8x
Tue, 06 Jun 2023SEK 219.7bSEK 284.0bSEK 17.9b28.2x12.3x0.8x
Thu, 04 May 2023SEK 215.7bSEK 283.9bSEK 17.9b30.3x12.1x0.8x
Sat, 01 Apr 2023SEK 229.6bSEK 276.1bSEK 19.2b27.3x11.9x0.8x
Mon, 27 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 Market0.67%
Tech3.62%
Communications4.26%
Communications Equipment4.26%
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 101.654.6%
+SEK 14.8b		18.7%PE11.9x
NETI B Net InsightSEK 2.083.9%
+SEK 26.2m		-61.4%PS1.4x
KEBNI B KebNiSEK 1.520.4%
+SEK 1.6m		3.7%PS3.1x

Latest News

NETI B
SEK 2.08
Net Insight
7D
3.9%
1Y
-61.4%
ERIC B
SEK 101.65
Telefonaktiebolaget LM Ericsson
7D
4.6%
1Y
18.7%
GAPW B
SEK 10.70
Gapwaves
7D
-8.4%
1Y
-20.6%

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 1.52
KebNi
7D
0.4%
1Y
3.7%
MAVEN
SEK 4.06
Maven Wireless Sweden
7D
-7.7%
1Y
-55.8%
HMS
SEK 392.60
HMS Networks
7D
-0.05%
1Y
-22.0%
TAGM B
SEK 23.20
TagMaster
7D
-5.7%
1Y
53.6%

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 54.00
LumenRadio
7D
-0.6%
1Y
-44.8%

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 39.30
Waystream Holding
7D
-3.0%
1Y
161.0%

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
INCOAX
SEK 0.54
InCoax Networks
7D
-0.4%
1Y
-66.3%
F2M
SEK 0.019
Free2move Holding
7D
-17.4%
1Y
5.6%