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

Swedish (OMX) Communications Industry Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies10
  • 7D3.1%
  • 3M26.5%
  • 1Y54.1%
  • YTD24.4%

The Communications industry is up 3.1% in the last week, with Telefonaktiebolaget LM Ericsson up 2.9%. In the same time, KebNi was down 14%. This takes the industry's 12 month performance to a gain of 54%. In the next few years, earnings are forecast to decline by 4.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
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
Price to Earnings Ratio

12.2x


Total Market Cap: SEK 217.1bTotal Earnings: SEK 17.9bTotal Revenue: SEK 283.8bTotal 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 13.8x which is lower than its 3-year average PE of 61.2x.
  • The 3-year average PS ratio of 1.1x 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 Market4.42%
Tech4.40%
Communications3.09%
Communications Equipment3.09%
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 110.952.9%
+SEK 10.5b		57.0%PE13x
HMS HMS NetworksSEK 459.206.1%
+SEK 1.3b		32.6%PE53x
GAPW B GapwavesSEK 11.766.7%
+SEK 26.9m		-10.1%PS4.7x
TAGM B TagMasterSEK 27.006.3%
+SEK 23.4m		132.8%PE18.7x
LUMEN LumenRadioSEK 60.803.1%
+SEK 22.6m		-10.9%PE40.1x

Latest News

WAYS
SEK 41.70
Waystream Holding
7D
-0.2%
1Y
73.0%
INCOAX
SEK 0.48
InCoax Networks
7D
7.5%
1Y
-65.4%
GAPW B
SEK 11.76
Gapwaves
7D
6.7%
1Y
-10.1%

GAPW B: New Gotmic And Desay Orders Will Support Future Upside

Gapwaves’ latest Narrative Update keeps the analyst price target steady at SEK22.0. Analysts cite unchanged assumptions for fair value, discount rate, revenue growth, profit margin and future P/E as the basis for this reaffirmed view. What's in the News Gapwaves received an initial order of about SEK 1.5 million from Gotmic AB to design and develop waveguide packaging for high power amplifier modules, with delivery expected during 2026 (Key Developments).
NETI B
SEK 2.48
Net Insight
7D
2.7%
1Y
-46.0%

NETI B: New CEO Transition And Live Media Rollout Will Drive Upside

Analysts have kept their SEK 4.25 price target for Net Insight broadly unchanged, pointing to only marginal adjustments in discount rate, revenue growth, profit margin and future P/E assumptions rather than any shift in their core view. What's in the News Net Insight introduced Nimbra Live Intelligence, described as an Open Media Platform for Live, aimed at treating live media operations as one predictable system across networks, clouds and organizations, with a focus on predictable behavior during congestion, failures and peak events (Key Developments).
HMS
SEK 459.20
HMS Networks
7D
6.1%
1Y
32.6%

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.
ERIC B
SEK 110.95
Telefonaktiebolaget LM Ericsson
7D
2.9%
1Y
57.0%

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 4.68
Maven Wireless Sweden
7D
-8.2%
1Y
-48.3%
KEBNI B
SEK 1.12
KebNi
7D
-14.4%
1Y
-17.6%
LUMEN
SEK 60.80
LumenRadio
7D
3.1%
1Y
-10.9%
TAGM B
SEK 27.00
TagMaster
7D
6.3%
1Y
132.8%

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 0.016
Free2move Holding
7D
-11.1%
1Y
-42.9%