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Swedish (OMX) Communications Industry Analysis

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies10
  • 7D3.5%
  • 3M1.5%
  • 1Y13.6%
  • YTD10.5%

Over the last 7 days, the Communications industry has risen 1.7%, driven by gains from Telefonaktiebolaget LM Ericsson of 1.6%. During this same period, the Net Insight underperformed, falling 6.7%. In the last 12 months, the industry was up 12%. Looking forward, earnings are forecast to decline by 4.6% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Feb 2026SEK 351.8bSEK 242.2bSEK 28.8b47.6x12.2x1.5x
Thu, 01 Jan 2026SEK 327.0bSEK 245.7bSEK 25.0b48x13.1x1.3x
Sat, 29 Nov 2025SEK 331.2bSEK 245.7bSEK 25.0b54x13.2x1.3x
Mon, 27 Oct 2025SEK 327.0bSEK 245.7bSEK 25.0b58.4x13.1x1.3x
Wed, 24 Sep 2025SEK 287.6bSEK 251.1bSEK 17.6b49.7x16.3x1.1x
Fri, 22 Aug 2025SEK 273.6bSEK 251.1bSEK 17.6b49.8x15.5x1.1x
Sun, 20 Jul 2025SEK 268.0bSEK 251.1bSEK 17.6b47.5x15.2x1.1x
Tue, 17 Jun 2025SEK 294.0bSEK 254.9bSEK 1.9b115.1x155.1x1.2x
Thu, 15 May 2025SEK 299.7bSEK 254.9bSEK 1.9b121.2x158.1x1.2x
Sat, 12 Apr 2025SEK 257.0bSEK 252.9bSEK 302.6m56.1x849.3x1x
Mon, 10 Mar 2025SEK 317.3bSEK 253.5bSEK 295.3m75.7x1074.6x1.3x
Wed, 05 Feb 2025SEK 309.8bSEK 253.6bSEK 297.2m55x1042.5x1.2x
Fri, 03 Jan 2025SEK 331.0bSEK 252.5b-SEK 1,052,139,568.0042.6x-314.6x1.3x
Sun, 01 Dec 2024SEK 320.8bSEK 252.5b-SEK 1,052,139,568.0043x-304.9x1.3x
Tue, 29 Oct 2024SEK 329.9bSEK 252.5b-SEK 1,031,683,961.0033.5x-319.8x1.3x
Thu, 26 Sep 2024SEK 287.3bSEK 255.1b-SEK 35,428,883,961.0036.6x-8.1x1.1x
Sat, 24 Aug 2024SEK 278.3bSEK 255.1b-SEK 35,427,568,961.0035.9x-7.9x1.1x
Mon, 22 Jul 2024SEK 259.7bSEK 255.1b-SEK 35,441,929,401.0037.3x-7.3x1x
Wed, 19 Jun 2024SEK 235.2bSEK 259.5b-SEK 24,911,100,401.0030.2x-9.4x0.9x
Fri, 17 May 2024SEK 232.5bSEK 259.5b-SEK 24,900,625,997.0030.3x-9.3x0.9x
Sun, 14 Apr 2024SEK 207.0bSEK 268.8b-SEK 25,891,077,227.0028.6x-8x0.8x
Tue, 12 Mar 2024SEK 218.4bSEK 268.8b-SEK 25,893,300,227.0027.6x-8.4x0.8x
Thu, 08 Feb 2024SEK 212.9bSEK 268.7b-SEK 25,911,459,425.0031.3x-8.2x0.8x
Sat, 06 Jan 2024SEK 237.9bSEK 282.8b-SEK 23,167,536,425.0031.6x-10.3x0.8x
Mon, 04 Dec 2023SEK 199.3bSEK 282.8b-SEK 23,164,772,425.0032.8x-8.6x0.7x
Wed, 01 Nov 2023SEK 189.6bSEK 282.8b-SEK 23,176,756,962.0024.3x-8.2x0.7x
Fri, 29 Sep 2023SEK 198.9bSEK 286.1bSEK 12.7b22.1x15.7x0.7x
Sun, 27 Aug 2023SEK 205.7bSEK 286.1bSEK 12.7b22x16.2x0.7x
Tue, 25 Jul 2023SEK 205.4bSEK 286.1bSEK 12.7b25.2x16.2x0.7x
Thu, 22 Jun 2023SEK 217.7bSEK 284.0bSEK 17.9b26.3x12.2x0.8x
Sat, 20 May 2023SEK 216.8bSEK 283.9bSEK 17.9b29.9x12.1x0.8x
Mon, 17 Apr 2023SEK 234.8bSEK 276.0bSEK 19.2b26.7x12.2x0.9x
Wed, 15 Mar 2023SEK 219.7bSEK 276.1bSEK 19.2b31.2x11.4x0.8x
Fri, 10 Feb 2023SEK 229.1bSEK 275.9bSEK 19.2b35.3x11.9x0.8x
Price to Earnings Ratio

11.9x


Total Market Cap: SEK 229.1bTotal 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 12.0x 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 1.4x.
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 Market0.21%
Tech1.10%
Communications3.49%
Communications Equipment3.49%
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 98.503.6%
+SEK 11.3b		17.9%PE11.5x
HMS HMS NetworksSEK 398.603.4%
+SEK 662.4m		-22.5%PE46x
WAYS Waystream HoldingSEK 42.406.0%
+SEK 19.4m		180.8%PE617.6x
KEBNI B KebNiSEK 1.763.6%
+SEK 17.0m		71.1%PE82.9x
TAGM B TagMasterSEK 19.602.6%
+SEK 7.3m		56.8%PE13.6x

Latest News

LUMEN
SEK 65.10
LumenRadio
7D
-1.2%
1Y
-34.0%
NETI B
SEK 2.18
Net Insight
7D
-6.2%
1Y
-68.4%
KEBNI B
SEK 1.76
KebNi
7D
3.6%
1Y
71.1%
MAVEN
SEK 4.80
Maven Wireless Sweden
7D
-4.0%
1Y
-59.7%
HMS
SEK 398.60
HMS Networks
7D
3.4%
1Y
-22.5%
ERIC B
SEK 98.50
Telefonaktiebolaget LM Ericsson
7D
3.6%
1Y
17.9%
GAPW B
SEK 14.36
Gapwaves
7D
-1.8%
1Y
5.1%

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.
TAGM B
SEK 19.60
TagMaster
7D
2.6%
1Y
56.8%

Is There Now An Opportunity In TagMaster AB (publ) (STO:TAGM B)?

Jan 05
Is There Now An Opportunity In TagMaster AB (publ) (STO:TAGM B)?
WAYS
SEK 42.40
Waystream Holding
7D
6.0%
1Y
180.8%

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 0.61
InCoax Networks
7D
-23.8%
1Y
-62.9%
F2M
SEK 0.02
Free2move Holding
7D
-4.8%
1Y
0%