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Swedish (OMX) Communications Equipment Industry Analysis

UpdatedJun 22, 2026
DataAggregated Company Financials
Companies10
  • 7D-5.3%
  • 3M6.0%
  • 1Y35.6%
  • YTDn/a

Over the last 7 days, the Communications Equipment industry has dropped 5.3%, driven by a pullback from Telefonaktiebolaget LM Ericsson of 4.0%. This takes the industry's 12 month performance to a gain of 36%. In the next few years earnings are forecast to be pretty stable.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 22 Jun 2026SEK 395.8bSEK 236.5bSEK 25.6b43.1x15.5x1.7x
Wed, 20 May 2026SEK 430.3bSEK 236.5bSEK 25.6b46.6x16.8x1.8x
Fri, 17 Apr 2026SEK 395.2bSEK 242.2bSEK 28.8b32.3x13.7x1.6x
Sun, 15 Mar 2026SEK 385.3bSEK 242.2bSEK 28.8b31.7x13.4x1.6x
Tue, 10 Feb 2026SEK 359.1bSEK 242.2bSEK 28.8b46x12.5x1.5x
Thu, 08 Jan 2026SEK 328.8bSEK 245.7bSEK 25.0b46.8x13.1x1.3x
Sat, 06 Dec 2025SEK 327.5bSEK 245.7bSEK 25.0b52.2x13.1x1.3x
Mon, 03 Nov 2025SEK 350.2bSEK 245.7bSEK 25.0b60.7x14x1.4x
Wed, 01 Oct 2025SEK 284.7bSEK 251.1bSEK 17.6b47.4x16.2x1.1x
Fri, 29 Aug 2025SEK 278.6bSEK 251.1bSEK 17.6b51.4x15.8x1.1x
Sun, 27 Jul 2025SEK 263.4bSEK 251.2bSEK 17.6b47.5x15x1x
Tue, 24 Jun 2025SEK 286.7bSEK 254.9bSEK 1.9b112.7x151.2x1.1x
Thu, 22 May 2025SEK 314.4bSEK 254.9bSEK 1.9b125.2x165.9x1.2x
Sat, 19 Apr 2025SEK 283.6bSEK 254.6bSEK 1.9b56.7x147.9x1.1x
Mon, 17 Mar 2025SEK 305.8bSEK 253.5bSEK 295.3m74.8x1035.6x1.2x
Wed, 12 Feb 2025SEK 313.2bSEK 253.6bSEK 294.5m68.5x1063.3x1.2x
Fri, 10 Jan 2025SEK 338.2bSEK 252.5b-SEK 1,052,139,568.0041x-321.4x1.3x
Sun, 08 Dec 2024SEK 329.7bSEK 252.5b-SEK 1,052,139,568.0042.6x-313.3x1.3x
Tue, 05 Nov 2024SEK 324.3bSEK 252.5b-SEK 1,032,762,568.0036.1x-314x1.3x
Thu, 03 Oct 2024SEK 278.2bSEK 255.1b-SEK 35,428,883,961.0037.1x-7.9x1.1x
Sat, 31 Aug 2024SEK 283.1bSEK 255.1b-SEK 35,428,883,961.0036.4x-8x1.1x
Mon, 29 Jul 2024SEK 265.8bSEK 255.1b-SEK 35,441,929,401.0037.6x-7.5x1x
Wed, 26 Jun 2024SEK 241.5bSEK 259.5b-SEK 24,911,100,401.0029.6x-9.7x0.9x
Fri, 24 May 2024SEK 241.7bSEK 259.5b-SEK 24,906,564,997.0030.6x-9.7x0.9x
Sun, 21 Apr 2024SEK 215.4bSEK 259.4b-SEK 24,913,077,227.0028x-8.6x0.8x
Tue, 19 Mar 2024SEK 213.7bSEK 268.8b-SEK 25,893,300,227.0027x-8.3x0.8x
Thu, 15 Feb 2024SEK 210.8bSEK 268.7b-SEK 25,927,009,425.0032.9x-8.1x0.8x
Sat, 13 Jan 2024SEK 244.4bSEK 282.8b-SEK 23,167,536,425.0032.4x-10.5x0.9x
Mon, 11 Dec 2023SEK 225.9bSEK 282.8b-SEK 23,164,772,425.0032.7x-9.8x0.8x
Wed, 08 Nov 2023SEK 193.6bSEK 282.8b-SEK 23,157,381,425.0023.4x-8.4x0.7x
Fri, 06 Oct 2023SEK 199.2bSEK 286.2bSEK 12.7b22.6x15.7x0.7x
Sun, 03 Sep 2023SEK 215.6bSEK 286.1bSEK 12.7b22.6x17x0.8x
Tue, 01 Aug 2023SEK 203.6bSEK 286.1bSEK 12.7b25.6x16x0.7x
Thu, 29 Jun 2023SEK 211.7bSEK 284.0bSEK 17.9b25.8x11.8x0.7x
Price to Earnings Ratio

11.8x


Total Market Cap: SEK 211.7bTotal Earnings: SEK 17.9bTotal Revenue: SEK 284.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Communications Equipment Industry Price to Earnings3Y Average 61.5x202420252026
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 15.5x which is lower than its 3-year average PE of 61.5x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Communications Equipment industry have grown 13% per year over the last three years.
  • Meanwhile revenues for these companies have declined 5.9% 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 Market0.44%
Tech-2.56%
Communications-5.28%
Communications Equipment-5.28%
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
GAPW B GapwavesSEK 18.027.3%
+SEK 44.3m		37.6%PS7.3x
NETI B Net InsightSEK 4.042.1%
+SEK 28.9m		5.2%PE222.4x
LUMEN LumenRadioSEK 64.801.6%
+SEK 12.6m		9.3%PE34.3x

Latest News

HMS
SEK 508.00
HMS Networks
7D
-2.8%
1Y
28.9%
Analysis Article • 18h

HMS Networks (OM:HMS) Stock Could Be 12.2% Undervalued After New Ethernet Market Data

HMS Networks stock reacts to new industrial Ethernet market data HMS Networks (OM:HMS) has drawn fresh attention after releasing 2025 industrial networking statistics showing industrial Ethernet technologies accounted for 79% of new nodes, with fieldbus usage continuing to decline. The data also highlights 12% growth in industrial Ethernet and confirms that Profinet, Ethernet/IP, and EtherCat together represented 75% of the global industrial Ethernet market, underscoring the role of HMS...
MAVEN
SEK 5.00
Maven Wireless Sweden
7D
-6.7%
1Y
-35.4%
ERIC B
SEK 111.95
Telefonaktiebolaget LM Ericsson
7D
-2.3%
1Y
42.0%
TAGM B
SEK 40.00
TagMaster
7D
-5.9%
1Y
169.4%
INCOAX
SEK 1.10
InCoax Networks
7D
-25.2%
1Y
-27.2%
NETI B
SEK 4.04
Net Insight
7D
2.1%
1Y
5.2%
Narrative Update • Jun 15

NETI B: Live Media Cloud Expansion Will Drive Future Upside Potential

Analysts have lifted their price target for Net Insight from SEK4.25 to SEK4.65, citing updated assumptions for revenue growth, profit margins and a lower assumed future P/E multiple as the key drivers behind the change. What's in the News Multinational technology company deploying Net Insight's Nimbra Edge contribution network with Nimbra 520 for remote production of internal live events, supporting cloud based workflows across global corporate locations (client announcement).
GAPW B
SEK 18.02
Gapwaves
7D
7.3%
1Y
37.6%
Narrative Update • Jun 07

GAPW B: New Supply Agreements Will Support Future Waveguide Upside Potential

Analysts have reduced their price target for Gapwaves from SEK22 to SEK20, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations. What's in the News Gapwaves has entered into an agreement with global manufacturer AT&S for the production of antenna layers used in the company’s Multi Layer Waveguide (MLW) antennas, adding an automotive qualified European supplier to its supply chain.
WAYS
SEK 40.60
Waystream Holding
7D
-2.2%
1Y
10.0%
LUMEN
SEK 64.80
LumenRadio
7D
1.6%
1Y
9.3%
KEBNI B
SEK 1.24
KebNi
7D
-1.5%
1Y
-37.1%