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Swedish (OMX) Communications Industry Analysis

UpdatedApr 09, 2026
DataAggregated Company Financials
Companies10
  • 7D2.5%
  • 3M25.7%
  • 1Y59.5%
  • YTD24.3%

The Communications industry is up 2.6% in the last week, with Telefonaktiebolaget LM Ericsson up 2.4%. In the same time, KebNi was down 12%. This means that the industry has gained 50% over the past year. As for the next few years, earnings are forecast to decline by 4.9% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 Apr 2026SEK 396.0bSEK 242.2bSEK 28.8b33.7x13.8x1.6x
Sat, 07 Mar 2026SEK 366.8bSEK 242.2bSEK 28.8b32.4x12.7x1.5x
Mon, 02 Feb 2026SEK 345.9bSEK 242.2bSEK 28.8b48.1x12x1.4x
Wed, 31 Dec 2025SEK 327.0bSEK 245.7bSEK 25.0b48x13.1x1.3x
Fri, 28 Nov 2025SEK 332.8bSEK 245.7bSEK 25.0b54.9x13.3x1.4x
Sun, 26 Oct 2025SEK 327.0bSEK 245.7bSEK 25.0b58.4x13.1x1.3x
Tue, 23 Sep 2025SEK 281.8bSEK 251.1bSEK 17.6b49.5x16x1.1x
Thu, 21 Aug 2025SEK 274.3bSEK 251.1bSEK 17.6b51.3x15.6x1.1x
Sat, 19 Jul 2025SEK 268.0bSEK 251.2bSEK 17.6b43.3x15.2x1.1x
Mon, 16 Jun 2025SEK 289.5bSEK 254.9bSEK 1.9b113.5x152.7x1.1x
Wed, 14 May 2025SEK 303.9bSEK 254.9bSEK 1.9b122.6x160.3x1.2x
Fri, 11 Apr 2025SEK 258.7bSEK 252.9bSEK 302.6m61.2x854.9x1x
Sun, 09 Mar 2025SEK 317.3bSEK 253.5bSEK 295.3m75.7x1074.6x1.3x
Tue, 04 Feb 2025SEK 311.1bSEK 253.6bSEK 297.2m53.2x1046.9x1.2x
Thu, 02 Jan 2025SEK 327.2bSEK 252.5b-SEK 1,052,139,568.0042.3x-311x1.3x
Sat, 30 Nov 2024SEK 320.8bSEK 252.5b-SEK 1,052,139,568.0043x-304.9x1.3x
Mon, 28 Oct 2024SEK 325.7bSEK 252.5b-SEK 1,031,683,961.0033.3x-315.7x1.3x
Wed, 25 Sep 2024SEK 285.3bSEK 255.1b-SEK 35,428,883,961.0036.6x-8.1x1.1x
Fri, 23 Aug 2024SEK 275.3bSEK 255.1b-SEK 35,426,975,961.0035.5x-7.8x1.1x
Sun, 21 Jul 2024SEK 259.7bSEK 255.1b-SEK 35,441,929,401.0037.3x-7.3x1x
Tue, 18 Jun 2024SEK 233.6bSEK 259.5b-SEK 24,911,100,401.0031.2x-9.4x0.9x
Thu, 16 May 2024SEK 228.8bSEK 259.5b-SEK 24,900,625,997.0030.2x-9.2x0.9x
Sat, 13 Apr 2024SEK 207.0bSEK 268.8b-SEK 25,891,077,227.0028.6x-8x0.8x
Mon, 11 Mar 2024SEK 217.5bSEK 268.8b-SEK 25,893,300,227.0027.5x-8.4x0.8x
Wed, 07 Feb 2024SEK 215.3bSEK 268.7b-SEK 25,911,459,425.0031.1x-8.3x0.8x
Fri, 05 Jan 2024SEK 239.9bSEK 282.8b-SEK 23,167,536,425.0035.1x-10.4x0.8x
Sun, 03 Dec 2023SEK 199.3bSEK 282.8b-SEK 23,164,772,425.0032.8x-8.6x0.7x
Tue, 31 Oct 2023SEK 185.6bSEK 282.8b-SEK 23,176,756,962.0024.5x-8x0.7x
Thu, 28 Sep 2023SEK 201.7bSEK 286.1bSEK 12.7b21.5x15.9x0.7x
Sat, 26 Aug 2023SEK 205.7bSEK 286.1bSEK 12.7b22x16.2x0.7x
Mon, 24 Jul 2023SEK 202.9bSEK 286.1bSEK 12.7b25.5x16x0.7x
Wed, 21 Jun 2023SEK 223.4bSEK 284.0bSEK 17.9b26.9x12.5x0.8x
Fri, 19 May 2023SEK 211.3bSEK 283.9bSEK 17.9b29.6x11.8x0.7x
Sun, 16 Apr 2023SEK 234.8bSEK 276.0bSEK 19.2b26.7x12.2x0.9x
Price to Earnings Ratio

12.2x


Total Market Cap: SEK 234.8bTotal 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 13.5x 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 1.6x.
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 Market2.33%
Tech2.63%
Communications2.50%
Communications Equipment2.50%
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 110.952.4%
+SEK 8.8b		63.8%PE13x
HMS HMS NetworksSEK 454.404.0%
+SEK 883.4m		24.4%PE52.5x
LUMEN LumenRadioSEK 60.602.7%
+SEK 20.1m		-12.3%PE39.9x
TAGM B TagMasterSEK 26.703.5%
+SEK 13.2m		114.5%PE18.5x
INCOAX InCoax NetworksSEK 0.499.1%
+SEK 5.4m		-63.3%PS0.9x

Latest News

HMS
SEK 454.40
HMS Networks
7D
4.0%
1Y
24.4%

HMS: Recent Rating Upgrades Will Support Shares If Execution Remains Solid

Analysts have lifted their price target for HMS Networks to SEK 483, citing slightly stronger assumptions for long term revenue growth and profitability along with recent rating upgrades from major banks. Analyst Commentary Recent research has highlighted a mix of confidence in the long term story for HMS Networks and a more careful stance on shorter term execution and valuation risks.
GAPW B
SEK 11.10
Gapwaves
7D
-1.8%
1Y
-14.7%
ERIC B
SEK 110.95
Telefonaktiebolaget LM Ericsson
7D
2.4%
1Y
63.8%

ERIC B: Trusted Tech Alliance Participation Will Support Higher Future Earnings Multiple

Analysts have raised the fair value estimate for Telefonaktiebolaget LM Ericsson from SEK 109.00 to SEK 121.00, citing recent target price increases, upgrades from several firms, and updated assumptions regarding revenue growth, margins, and future P/E levels. Analyst Commentary Recent Street research on Telefonaktiebolaget LM Ericsson reflects a mixed but active view, with both upgrades and downgrades, as well as several revisions to price targets in SEK terms.
MAVEN
SEK 4.64
Maven Wireless Sweden
7D
-10.8%
1Y
-43.8%
NETI B
SEK 2.34
Net Insight
7D
-2.7%
1Y
-44.2%
KEBNI B
SEK 1.10
KebNi
7D
-11.8%
1Y
-4.1%
LUMEN
SEK 60.60
LumenRadio
7D
2.7%
1Y
-12.3%
INCOAX
SEK 0.49
InCoax Networks
7D
9.1%
1Y
-63.3%
WAYS
SEK 41.80
Waystream Holding
7D
0.2%
1Y
94.4%
TAGM B
SEK 26.70
TagMaster
7D
3.5%
1Y
114.5%

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
F2M
SEK 0.019
Free2move Holding
7D
5.6%
1Y
-24.0%