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Swedish (OMX) Communications Equipment Industry Analysis

UpdatedSep 21, 2026
DataAggregated Company Financials
Companies10
  • 7D2.0%
  • 3M-9.7%
  • 1Y28.9%
  • YTDn/a

In the last week, the Communications Equipment industry is up 1.2%, with Telefonaktiebolaget LM Ericsson up 1.3%. In the same time, Net Insight was down 9.2%. This takes the industry's 12 month performance to a gain of 29%. Earnings are forecast to be flat in the coming years.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 21 Sep 2026SEK 358.5bSEK 233.1bSEK 25.1b19.1x14.3x1.5x
Wed, 19 Aug 2026SEK 345.3bSEK 233.1bSEK 25.1b18.9x13.8x1.5x
Fri, 17 Jul 2026SEK 344.7bSEK 233.2bSEK 25.1b32.2x13.7x1.5x
Sun, 14 Jun 2026SEK 417.9bSEK 236.5bSEK 25.6b43.7x16.3x1.8x
Tue, 12 May 2026SEK 414.9bSEK 236.5bSEK 25.6b47.2x16.2x1.8x
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
Price to Earnings Ratio

15.9x


Total Market Cap: SEK 201.7bTotal Earnings: SEK 12.7bTotal Revenue: SEK 286.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Communications Equipment Industry Price to Earnings3Y Average 61.4x202420252026
Current Industry PE
  • Investors are pessimistic on the Swedish Communications Equipment 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 14.3x which is lower than its 3-year average PE of 61.4x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Communications Equipment industry have grown 25% 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 Comparison

How does Swedish Communications Equipment compare with similar industries?

SE Market0.64%
Tech1.49%
Communications1.99%
Communications Equipment1.99%
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 99.982.0%
+SEK 6.4b		31.1%PE13.3x
HMS HMS NetworksSEK 535.002.7%
+SEK 702.7m		17.5%PE48.5x
WAYS Waystream HoldingSEK 39.702.6%
+SEK 8.8m		9.1%PE211.2x
GAPW B GapwavesSEK 12.101.7%
+SEK 7.3m		-43.5%PS5.6x
LUMEN LumenRadioSEK 52.000.8%
+SEK 5.0m		6.1%PE19.1x

Latest News

ERIC B
SEK 99.98
Telefonaktiebolaget LM Ericsson
7D
2.0%
1Y
31.1%
KEBNI B
SEK 0.82
KebNi
7D
2.3%
1Y
-64.0%
HMS
SEK 535.00
HMS Networks
7D
2.7%
1Y
17.5%
Narrative Update • Sep 18

HMS: Building Automation Acquisition And Higher Margins Will Support Future Upside

Analysts have reduced their SEK 704.0 price target on HMS Networks to SEK 661.0. This change reflects updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What’s in the News for HMS Networks HMS Networks, through its fully owned subsidiary HMS Industrial Networks SLU, has announced a friendly public takeover offer for ROBOT S.A., a Spanish supplier of sensors and building management systems that focuses on hotels.
NETI B
SEK 2.95
Net Insight
7D
-8.7%
1Y
-42.0%
GAPW B
SEK 12.10
Gapwaves
7D
1.7%
1Y
-43.5%
INCOAX
SEK 0.71
InCoax Networks
7D
-8.7%
1Y
-38.3%
F2M
SEK 0.018
Free2move Holding
7D
-5.3%
1Y
-35.7%
LUMEN
SEK 52.00
LumenRadio
7D
0.8%
1Y
6.1%
TAGM B
SEK 30.70
TagMaster
7D
-2.5%
1Y
102.0%
Analysis Article • Jul 25

TagMaster's (STO:TAGM B) Solid Earnings Are Supported By Other Strong Factors

Even though TagMaster AB (publ) ( STO:TAGM B ) posted strong earnings, investors appeared to be underwhelmed. We did...
MAVEN
SEK 4.99
Maven Wireless Sweden
7D
-1.4%
1Y
-37.8%
WAYS
SEK 39.70
Waystream Holding
7D
2.6%
1Y
9.1%