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Swedish (OMX) Communications Industry Analysis

UpdatedFeb 16, 2026
DataAggregated Company Financials
Companies10
  • 7D-2.2%
  • 3M6.6%
  • 1Y11.5%
  • YTD10.2%

Over the last 7 days, the Communications industry has dropped 1.4%, driven by a pullback from Telefonaktiebolaget LM Ericsson of 1.4%. Meanwhile, Net Insight actually outperformed within the industry, gaining 12% in the last week. In the past year, the industry has gained 12%. As for the next few years, earnings are forecast to decline by 4.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 16 Feb 2026SEK 351.2bSEK 242.1bSEK 28.8b39.8x12.2x1.5x
Wed, 14 Jan 2026SEK 314.0bSEK 245.7bSEK 25.0b45.5x12.5x1.3x
Fri, 12 Dec 2025SEK 327.4bSEK 245.7bSEK 25.0b51.3x13.1x1.3x
Sun, 09 Nov 2025SEK 337.9bSEK 245.7bSEK 25.0b58.4x13.5x1.4x
Tue, 07 Oct 2025SEK 291.3bSEK 251.1bSEK 17.6b48.8x16.5x1.2x
Thu, 04 Sep 2025SEK 273.2bSEK 251.1bSEK 17.6b49.4x15.5x1.1x
Sat, 02 Aug 2025SEK 259.1bSEK 251.1bSEK 17.6b47.8x14.7x1x
Mon, 30 Jun 2025SEK 294.6bSEK 254.9bSEK 1.9b116.7x155.4x1.2x
Wed, 28 May 2025SEK 307.7bSEK 254.9bSEK 1.9b122.1x162.4x1.2x
Fri, 25 Apr 2025SEK 289.8bSEK 254.9bSEK 1.9b68.1x150.5x1.1x
Sun, 23 Mar 2025SEK 306.6bSEK 253.5bSEK 293.0m76.1x1046.3x1.2x
Tue, 18 Feb 2025SEK 315.0bSEK 253.6bSEK 302.9m83.2x1039.9x1.2x
Thu, 16 Jan 2025SEK 343.3bSEK 252.5b-SEK 1,052,139,568.0041.3x-326.3x1.4x
Sat, 14 Dec 2024SEK 330.0bSEK 252.5b-SEK 1,052,139,568.0041.5x-313.7x1.3x
Mon, 11 Nov 2024SEK 320.9bSEK 252.5b-SEK 1,039,310,568.0033.1x-308.7x1.3x
Wed, 09 Oct 2024SEK 283.6bSEK 255.1b-SEK 35,428,883,961.0037.6x-8x1.1x
Fri, 06 Sep 2024SEK 280.8bSEK 255.1b-SEK 35,428,883,961.0036.8x-7.9x1.1x
Sun, 04 Aug 2024SEK 263.0bSEK 255.1b-SEK 35,441,929,401.0035.9x-7.4x1x
Tue, 02 Jul 2024SEK 251.5bSEK 259.5b-SEK 24,911,100,401.0032.4x-10.1x1x
Thu, 30 May 2024SEK 238.3bSEK 259.5b-SEK 24,906,564,997.0030x-9.6x0.9x
Sat, 27 Apr 2024SEK 218.5bSEK 259.4b-SEK 24,922,753,227.0029.2x-8.8x0.8x
Mon, 25 Mar 2024SEK 219.3bSEK 268.8b-SEK 25,893,300,227.0027.5x-8.5x0.8x
Wed, 21 Feb 2024SEK 213.8bSEK 268.7b-SEK 25,907,696,425.0030.1x-8.3x0.8x
Fri, 19 Jan 2024SEK 243.5bSEK 282.8b-SEK 23,167,536,425.0033.1x-10.5x0.9x
Sun, 17 Dec 2023SEK 235.2bSEK 282.8b-SEK 23,167,536,425.0034.4x-10.2x0.8x
Tue, 14 Nov 2023SEK 191.5bSEK 282.8b-SEK 23,164,772,425.0024.7x-8.3x0.7x
Thu, 12 Oct 2023SEK 202.0bSEK 286.2bSEK 12.7b22x15.9x0.7x
Sat, 09 Sep 2023SEK 215.0bSEK 286.1bSEK 12.7b22x16.9x0.8x
Mon, 07 Aug 2023SEK 205.2bSEK 286.1bSEK 12.7b24.7x16.2x0.7x
Wed, 05 Jul 2023SEK 228.4bSEK 284.0bSEK 17.9b25.7x12.8x0.8x
Fri, 02 Jun 2023SEK 219.3bSEK 283.9bSEK 17.9b28.9x12.3x0.8x
Sun, 30 Apr 2023SEK 217.9bSEK 283.9bSEK 17.9b30.8x12.2x0.8x
Tue, 28 Mar 2023SEK 217.6bSEK 276.1bSEK 19.2b27.6x11.3x0.8x
Thu, 23 Feb 2023SEK 221.3bSEK 275.9bSEK 19.2b34.5x11.5x0.8x
Price to Earnings Ratio

11.5x


Total Market Cap: SEK 221.3bTotal 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 12.2x 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-1.42%
Tech-1.17%
Communications-2.20%
Communications Equipment-2.20%
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
NETI B Net InsightSEK 2.3211.3%
+SEK 80.0m		-65.6%PS1.5x
TAGM B TagMasterSEK 23.402.6%
+SEK 8.8m		52.9%PE16.2x
MAVEN Maven Wireless SwedenSEK 4.433.0%
+SEK 6.9m		-55.3%PS1.2x
F2M Free2move HoldingSEK 0.0239.5%
+SEK 487.0k		4.5%PS0.4x

Latest News

GAPW B
SEK 11.32
Gapwaves
7D
-7.1%
1Y
-16.5%

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 1.51
KebNi
7D
-13.8%
1Y
32.5%
MAVEN
SEK 4.43
Maven Wireless Sweden
7D
3.0%
1Y
-55.3%
NETI B
SEK 2.32
Net Insight
7D
11.3%
1Y
-65.6%
HMS
SEK 393.60
HMS Networks
7D
-1.2%
1Y
-23.4%
TAGM B
SEK 23.40
TagMaster
7D
2.6%
1Y
52.9%

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 54.50
LumenRadio
7D
-11.5%
1Y
-45.4%

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
ERIC B
SEK 98.42
Telefonaktiebolaget LM Ericsson
7D
-2.2%
1Y
15.6%

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.
WAYS
SEK 40.50
Waystream Holding
7D
-2.2%
1Y
183.2%

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 0.56
InCoax Networks
7D
-3.1%
1Y
-62.8%
F2M
SEK 0.023
Free2move Holding
7D
9.5%
1Y
4.5%