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Swedish (OMX) Communications Industry Analysis

UpdatedJul 21, 2026
DataAggregated Company Financials
Companies10
  • 7D-15.9%
  • 3M-12.7%
  • 1Y27.5%
  • YTD6.7%

Over the last 7 days, the Communications industry has dropped 16%, driven by Telefonaktiebolaget LM Ericsson declining 17%. Meanwhile, Maven Wireless Sweden actually outperformed within the industry, gaining 8.3% in the last week. This takes the industry's 12 month performance to a gain of 27%. Looking forward, earnings are expected to remain mostly flat in the next few years.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Jul 2026SEK 337.0bSEK 233.1bSEK 25.1b20.5x13.4x1.4x
Thu, 18 Jun 2026SEK 394.9bSEK 236.5bSEK 25.6b43.1x15.4x1.7x
Sat, 16 May 2026SEK 426.3bSEK 236.5bSEK 25.6b47.2x16.7x1.8x
Mon, 13 Apr 2026SEK 396.2bSEK 242.2bSEK 28.8b33.6x13.8x1.6x
Wed, 11 Mar 2026SEK 371.3bSEK 242.2bSEK 28.8b32.3x12.9x1.5x
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
Price to Earnings Ratio

16.2x


Total Market Cap: SEK 205.4bTotal Earnings: SEK 12.7bTotal Revenue: SEK 286.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Communications Industry Price to Earnings3Y Average 61.5x202420252026
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 61.5x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Communications industry have grown 26% per year over the last three years.
  • Meanwhile revenues for these companies have declined 6.6% 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-0.20%
Tech-7.36%
Communications-15.95%
Communications Equipment-15.95%
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
MAVEN Maven Wireless SwedenSEK 5.427.1%
+SEK 20.3m		-38.1%PS1.6x
INCOAX InCoax NetworksSEK 1.088.0%
+SEK 10.5m		-25.3%PS3x
WAYS Waystream HoldingSEK 39.601.8%
+SEK 6.1m		-5.7%PE210.7x

Latest News

NETI B
SEK 2.29
Net Insight
7D
-9.9%
1Y
-42.5%
TAGM B
SEK 36.20
TagMaster
7D
-15.2%
1Y
123.5%
GAPW B
SEK 13.80
Gapwaves
7D
-14.0%
1Y
-0.7%
ERIC B
SEK 92.80
Telefonaktiebolaget LM Ericsson
7D
-5.8%
1Y
28.1%
Narrative Update • Jul 17

ERIC B: Chip Cost Pressures And Leadership Change Will Constrain Future Upside

Analysts have trimmed the fair value estimate for Ericsson to SEK 68.00, reflecting a modestly lower blended price target as some firms reduce their SEK-based targets while others turn more constructive on the stock. Analyst Commentary Recent research on Telefonaktiebolaget LM Ericsson highlights a mix of views, with some firms trimming SEK-based price targets and others shifting to a more positive stance.
HMS
SEK 471.60
HMS Networks
7D
-2.5%
1Y
13.0%
Analysis Article • Jul 17

HMS Networks AB (publ) (STO:HMS) Just Released Its Second-Quarter Earnings: Here's What Analysts Think

As you might know, HMS Networks AB (publ) ( STO:HMS ) recently reported its quarterly numbers. The result was positive...
LUMEN
SEK 54.40
LumenRadio
7D
-10.8%
1Y
-2.3%
WAYS
SEK 39.60
Waystream Holding
7D
1.8%
1Y
-5.7%
KEBNI B
SEK 1.07
KebNi
7D
-2.6%
1Y
-60.0%
Analysis Article • Jul 09

One KebNi AB (publ) (STO:KEBNI B) Broker Analyst Just Cut Their Revenue Numbers By 17%

The latest analyst coverage could presage a bad day for KebNi AB (publ) ( STO:KEBNI B ), with the covering analyst...
MAVEN
SEK 5.42
Maven Wireless Sweden
7D
7.1%
1Y
-38.1%
INCOAX
SEK 1.08
InCoax Networks
7D
8.0%
1Y
-25.3%