Narrative Update • May 01

The Communications Equipment industry is up 4.4% in the last week, with Telefonaktiebolaget LM Ericsson up 4.3%. Meanwhile, InCoax Networks actually underperformed within the industry, shrinking 17% in the last week. This means that the industry has gained 37% over the past year. Looking forward, earnings are expected to remain mostly flat in the next few years.
Has the Swedish Communications Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 08 May 2026 | SEK 402.1b | SEK 236.5b | SEK 25.6b | 45x | 15.7x | 1.7x |
| Sun, 05 Apr 2026 | SEK 384.2b | SEK 242.2b | SEK 28.8b | 33.7x | 13.3x | 1.6x |
| Tue, 03 Mar 2026 | SEK 373.4b | SEK 242.2b | SEK 28.8b | 30.4x | 13x | 1.5x |
| Thu, 29 Jan 2026 | SEK 348.0b | SEK 242.2b | SEK 28.8b | 49.1x | 12.1x | 1.4x |
| Sat, 27 Dec 2025 | SEK 323.7b | SEK 245.7b | SEK 25.0b | 47.4x | 12.9x | 1.3x |
| Mon, 24 Nov 2025 | SEK 327.4b | SEK 245.7b | SEK 25.0b | 53x | 13.1x | 1.3x |
| Wed, 22 Oct 2025 | SEK 323.4b | SEK 245.6b | SEK 25.0b | 68.2x | 13x | 1.3x |
| Fri, 19 Sep 2025 | SEK 279.9b | SEK 251.1b | SEK 17.6b | 50.8x | 15.9x | 1.1x |
| Sun, 17 Aug 2025 | SEK 272.4b | SEK 251.1b | SEK 17.6b | 49x | 15.5x | 1.1x |
| Tue, 15 Jul 2025 | SEK 283.0b | SEK 254.9b | SEK 1.9b | 108.3x | 145.4x | 1.1x |
| Thu, 12 Jun 2025 | SEK 297.0b | SEK 254.9b | SEK 1.9b | 117.7x | 156.7x | 1.2x |
| Sat, 10 May 2025 | SEK 293.3b | SEK 254.9b | SEK 1.9b | 117x | 154.7x | 1.2x |
| Mon, 07 Apr 2025 | SEK 265.6b | SEK 252.9b | SEK 302.6m | 67.9x | 877.5x | 1x |
| Wed, 05 Mar 2025 | SEK 313.2b | SEK 253.5b | SEK 284.9m | 77.4x | 1099.5x | 1.2x |
| Fri, 31 Jan 2025 | SEK 313.7b | SEK 253.6b | SEK 297.2m | 53.7x | 1055.4x | 1.2x |
| Sun, 29 Dec 2024 | SEK 327.1b | SEK 252.5b | -SEK 1,052,139,568.00 | 42.2x | -310.9x | 1.3x |
| Tue, 26 Nov 2024 | SEK 322.1b | SEK 252.5b | -SEK 1,052,139,568.00 | 43x | -306.1x | 1.3x |
| Thu, 24 Oct 2024 | SEK 323.2b | SEK 252.4b | -SEK 1,037,215,961.00 | 38x | -311.6x | 1.3x |
| Sat, 21 Sep 2024 | SEK 283.5b | SEK 255.1b | -SEK 35,428,883,961.00 | 36.9x | -8x | 1.1x |
| Mon, 19 Aug 2024 | SEK 274.3b | SEK 255.1b | -SEK 35,426,975,961.00 | 35x | -7.7x | 1.1x |
| Wed, 17 Jul 2024 | SEK 262.5b | SEK 255.0b | -SEK 35,461,486,401.00 | 40x | -7.4x | 1x |
| Fri, 14 Jun 2024 | SEK 242.2b | SEK 259.5b | -SEK 24,911,100,401.00 | 31.8x | -9.7x | 0.9x |
| Sun, 12 May 2024 | SEK 221.6b | SEK 259.5b | -SEK 24,894,925,997.00 | 29.1x | -8.9x | 0.9x |
| Tue, 09 Apr 2024 | SEK 211.4b | SEK 268.8b | -SEK 25,891,077,227.00 | 29.4x | -8.2x | 0.8x |
| Thu, 07 Mar 2024 | SEK 217.8b | SEK 268.8b | -SEK 25,891,554,425.00 | 27.5x | -8.4x | 0.8x |
| Sat, 03 Feb 2024 | SEK 217.3b | SEK 268.7b | -SEK 25,911,459,425.00 | 31.6x | -8.4x | 0.8x |
| Mon, 01 Jan 2024 | SEK 240.0b | SEK 282.8b | -SEK 23,167,536,425.00 | 35.4x | -10.4x | 0.8x |
| Wed, 29 Nov 2023 | SEK 199.3b | SEK 282.8b | -SEK 23,164,772,425.00 | 33.4x | -8.6x | 0.7x |
| Fri, 27 Oct 2023 | SEK 188.4b | SEK 282.8b | -SEK 23,158,109,962.00 | 23.8x | -8.1x | 0.7x |
| Sun, 24 Sep 2023 | SEK 213.7b | SEK 286.1b | SEK 12.7b | 22.4x | 16.8x | 0.7x |
| Tue, 22 Aug 2023 | SEK 205.5b | SEK 286.1b | SEK 12.7b | 22.8x | 16.2x | 0.7x |
| Thu, 20 Jul 2023 | SEK 199.3b | SEK 286.1b | SEK 12.7b | 25.5x | 15.7x | 0.7x |
| Sat, 17 Jun 2023 | SEK 225.5b | SEK 284.0b | SEK 17.9b | 27x | 12.6x | 0.8x |
| Mon, 15 May 2023 | SEK 210.4b | SEK 283.9b | SEK 17.9b | 29.1x | 11.8x | 0.7x |
11.8x
How does Swedish Communications Equipment compare with similar industries?
| SE Market | 3.67% | |
| Tech | 3.76% | |
| Communications | 4.42% | |
| Communications Equipment | 4.42% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ERIC B Telefonaktiebolaget LM Ericsson | SEK 109.45 | 1.0% +SEK 3.7b | 35.1% | PE14.5x | |
| HMS HMS Networks | SEK 556.00 | 3.2% +SEK 853.3m | 29.3% | PE57.9x | |
| NETI B Net Insight | SEK 3.59 | 7.8% +SEK 88.5m | 27.8% | PE197.6x | |
| TAGM B TagMaster | SEK 33.40 | 11.3% +SEK 49.8m | 199.6% | PE23.1x | |
| KEBNI B KebNi | SEK 1.33 | 15.1% +SEK 48.0m | -26.9% | PS3.2x |