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

Swedish (OMX) Communications Industry Analysis

UpdatedFeb 06, 2026
DataAggregated Company Financials
Companies10
  • 7D3.1%
  • 3M5.0%
  • 1Y14.9%
  • YTD11.4%

The Communications industry is up 3.1% in the last week, with Telefonaktiebolaget LM Ericsson up 3.4%. In the last 12 months, the industry was up 15%. In the next few years, earnings are forecast to decline by 4.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 06 Feb 2026SEK 355.2bSEK 242.2bSEK 28.8b46.1x12.3x1.5x
Sun, 04 Jan 2026SEK 318.4bSEK 245.7bSEK 25.0b46.1x12.7x1.3x
Tue, 02 Dec 2025SEK 331.2bSEK 245.7bSEK 25.0b52.5x13.2x1.3x
Thu, 30 Oct 2025SEK 347.5bSEK 245.7bSEK 25.0b60x13.9x1.4x
Sat, 27 Sep 2025SEK 279.0bSEK 251.1bSEK 17.6b48.2x15.8x1.1x
Mon, 25 Aug 2025SEK 279.5bSEK 251.1bSEK 17.6b50.9x15.9x1.1x
Wed, 23 Jul 2025SEK 267.1bSEK 251.1bSEK 17.6b48.1x15.2x1.1x
Fri, 20 Jun 2025SEK 292.4bSEK 254.9bSEK 1.9b114.6x154.3x1.1x
Sun, 18 May 2025SEK 306.8bSEK 254.9bSEK 1.9b123.6x161.9x1.2x
Tue, 15 Apr 2025SEK 267.7bSEK 252.9bSEK 302.6m59x884.5x1.1x
Thu, 13 Mar 2025SEK 298.1bSEK 253.5bSEK 295.3m73.7x1009.6x1.2x
Sat, 08 Feb 2025SEK 308.8bSEK 253.6bSEK 294.5m68.5x1048.4x1.2x
Mon, 06 Jan 2025SEK 330.3bSEK 252.5b-SEK 1,052,139,568.0042.1x-313.9x1.3x
Wed, 04 Dec 2024SEK 327.7bSEK 252.5b-SEK 1,052,139,568.0042.2x-311.5x1.3x
Fri, 01 Nov 2024SEK 328.2bSEK 252.5b-SEK 1,025,797,961.0034.7x-319.9x1.3x
Sun, 29 Sep 2024SEK 286.0bSEK 255.1b-SEK 35,428,883,961.0036.1x-8.1x1.1x
Tue, 27 Aug 2024SEK 281.2bSEK 255.1b-SEK 35,428,011,961.0036.1x-7.9x1.1x
Thu, 25 Jul 2024SEK 262.1bSEK 255.1b-SEK 35,441,929,401.0037.5x-7.4x1x
Sat, 22 Jun 2024SEK 237.3bSEK 259.5b-SEK 24,911,100,401.0029.9x-9.5x0.9x
Mon, 20 May 2024SEK 234.6bSEK 259.5b-SEK 24,906,564,997.0030.6x-9.4x0.9x
Wed, 17 Apr 2024SEK 205.8bSEK 268.8b-SEK 25,891,077,227.0028.1x-7.9x0.8x
Fri, 15 Mar 2024SEK 222.9bSEK 268.8b-SEK 25,893,300,227.0027.5x-8.6x0.8x
Sun, 11 Feb 2024SEK 217.7bSEK 268.7b-SEK 25,911,459,425.0031.4x-8.4x0.8x
Tue, 09 Jan 2024SEK 238.7bSEK 282.8b-SEK 23,167,536,425.0031.4x-10.3x0.8x
Thu, 07 Dec 2023SEK 221.6bSEK 282.8b-SEK 23,164,772,425.0031.8x-9.6x0.8x
Sat, 04 Nov 2023SEK 192.7bSEK 282.8b-SEK 23,163,195,962.0024.3x-8.3x0.7x
Mon, 02 Oct 2023SEK 202.1bSEK 286.2bSEK 12.7b22.4x15.9x0.7x
Wed, 30 Aug 2023SEK 211.4bSEK 286.1bSEK 12.7b21.9x16.6x0.7x
Fri, 28 Jul 2023SEK 205.4bSEK 286.1bSEK 12.7b25.7x16.2x0.7x
Sun, 25 Jun 2023SEK 211.0bSEK 284.0bSEK 17.9b26.4x11.8x0.7x
Tue, 23 May 2023SEK 216.9bSEK 283.9bSEK 17.9b29.9x12.1x0.8x
Thu, 20 Apr 2023SEK 217.1bSEK 283.8bSEK 17.9b26.8x12.2x0.8x
Sat, 18 Mar 2023SEK 212.5bSEK 276.1bSEK 19.2b29.6x11.1x0.8x
Mon, 13 Feb 2023SEK 226.1bSEK 275.9bSEK 19.2b34.6x11.8x0.8x
Price to Earnings Ratio

11.8x


Total Market Cap: SEK 226.1bTotal Earnings: SEK 19.2bTotal Revenue: SEK 275.9bTotal 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 12.3x 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 15% 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 Market0.87%
Tech-1.12%
Communications3.07%
Communications Equipment3.07%
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 99.443.4%
+SEK 10.8b		19.6%PE11.7x
TAGM B TagMasterSEK 20.305.7%
+SEK 16.1m		27.3%PE14x
MAVEN Maven Wireless SwedenSEK 5.065.9%
+SEK 14.7m		-58.5%PS1.2x
WAYS Waystream HoldingSEK 41.303.5%
+SEK 11.3m		172.4%PE601.6x
INCOAX InCoax NetworksSEK 0.702.3%
+SEK 2.1m		-56.1%PS1.2x

Latest News

TAGM B
SEK 20.30
TagMaster
7D
5.7%
1Y
27.3%
HMS
SEK 399.60
HMS Networks
7D
-0.5%
1Y
-22.9%
ERIC B
SEK 99.44
Telefonaktiebolaget LM Ericsson
7D
3.4%
1Y
19.6%

ERIC B: European Vendor Shifts And Higher Profit Assumptions Will Support Balanced Outlook

Analysts have lifted their price targets on Telefonaktiebolaget LM Ericsson, supporting a fair value move from SEK 106 to about SEK 109 as they factor in updated assumptions on growth, profitability and a lower future P/E multiple. Analyst Commentary Recent Street research on Telefonaktiebolaget LM Ericsson shows a cluster of price target adjustments that align with the move in fair value from SEK 106 to about SEK 109.
LUMEN
SEK 62.00
LumenRadio
7D
-6.1%
1Y
-39.2%
NETI B
SEK 1.93
Net Insight
7D
-10.9%
1Y
-72.3%
KEBNI B
SEK 1.62
KebNi
7D
-0.5%
1Y
61.9%
MAVEN
SEK 5.06
Maven Wireless Sweden
7D
5.9%
1Y
-58.5%
GAPW B
SEK 13.90
Gapwaves
7D
-4.0%
1Y
-2.0%

GAPW B: New Radar Contracts And Funding Will Support Long Term Upside

Analysts have kept their fair value estimate for Gapwaves steady at SEK23.50, with only small tweaks to assumptions on discount rate, revenue growth, profit margin and future P/E. These changes reflect fine tuning rather than a change in overall view.
WAYS
SEK 41.30
Waystream Holding
7D
3.5%
1Y
172.4%

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 0.70
InCoax Networks
7D
2.3%
1Y
-56.1%
F2M
SEK 0.022
Free2move Holding
7D
10.0%
1Y
10.0%