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

Swedish (OMX) Communications Equipment Industry Analysis

UpdatedAug 29, 2025
DataAggregated Company Financials
Companies11
  • 7D1.8%
  • 3M-6.4%
  • 1Y-1.2%
  • YTDn/a

Over the last 7 days, the Communications Equipment industry has risen 1.8%, driven by gains from Telefonaktiebolaget LM Ericsson of 1.7%. Overall in the last year, the industry is flat. Earnings are forecast to grow by 4.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sat, 27 May 2023SEK 220.1bSEK 283.9bSEK 17.9b30.5x12.3x0.8x
Mon, 24 Apr 2023SEK 213.4bSEK 283.8bSEK 17.9b26.9x12x0.8x
Wed, 22 Mar 2023SEK 214.0bSEK 276.1bSEK 19.2b29x11.1x0.8x
Fri, 17 Feb 2023SEK 231.3bSEK 275.9bSEK 19.2b38.1x12x0.8x
Sun, 15 Jan 2023SEK 238.5bSEK 261.1bSEK 23.1b35.5x10.3x0.9x
Tue, 13 Dec 2022SEK 249.2bSEK 261.0bSEK 23.1b28.1x10.8x1x
Thu, 10 Nov 2022SEK 226.9bSEK 260.7bSEK 23.1b33.6x9.8x0.9x
Sat, 08 Oct 2022SEK 248.6bSEK 248.7bSEK 23.6b36.1x10.6x1x
Mon, 05 Sep 2022SEK 288.1bSEK 248.7bSEK 23.6b46.6x12.2x1.2x
Price to Earnings Ratio

12.2x


Total Market Cap: SEK 288.1bTotal Earnings: SEK 23.6bTotal Revenue: SEK 248.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Communications Equipment Industry Price to Earnings3Y Average 60.7x202320242025
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 15.8x which is lower than its 3-year average PE of 60.7x.
  • The 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Communications Equipment industry have declined 9.2% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does Swedish Communications Equipment compare with similar industries?

SE Market-0.041%
Tech0.98%
Communications1.82%
Communications Equipment1.82%
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
HMS HMS NetworksSEK 460.201.8%
+SEK 411.5m		5.8%PE62.6x
GAPW B GapwavesSEK 19.009.3%
+SEK 50.5m		-2.4%PS6.9x
WAYS Waystream HoldingSEK 39.401.8%
+SEK 5.6m		91.3%PS2.4x
INCOAX InCoax NetworksSEK 1.052.4%
+SEK 3.3m		-52.3%PS1.6x

Latest News

ERIC B
SEK 75.30
Telefonaktiebolaget LM Ericsson
7D
-0.3%
1Y
-1.6%
KEBNI B
SEK 2.53
KebNi
7D
-0.6%
1Y
83.2%
NETI B
SEK 4.51
Net Insight
7D
-0.2%
1Y
-33.8%

Media Streaming And 5G Sync Will Unlock New Markets

Despite upgraded revenue growth forecasts, Net Insight’s forward P/E valuation has declined substantially, driving a reduction in the consensus analyst price target from SEK7.25 to SEK5.50. What's in the News Net Insight is collaborating with Turk Telekom and Parallel Wireless to advance 6G Open RAN standardization, focusing on GPS/GNSS-independent synchronization technology.
INCOAX
SEK 1.05
InCoax Networks
7D
2.4%
1Y
-52.3%
HMS
SEK 460.20
HMS Networks
7D
1.8%
1Y
5.8%

Red Lion And PEAK-System Integration Will Drive Efficiency Improvements

The upward revision in HMS Networks’ price target is primarily driven by a significant increase in consensus revenue growth forecasts, while profit margins remain stable, resulting in the target rising from SEK496.67 to SEK528.33. Valuation Changes Summary of Valuation Changes for HMS Networks The Consensus Analyst Price Target has risen from SEK496.67 to SEK528.33.
WAYS
SEK 39.40
Waystream Holding
7D
1.8%
1Y
91.3%
GAPW B
SEK 19.00
Gapwaves
7D
9.3%
1Y
-2.4%
MAVEN
SEK 9.36
Maven Wireless Sweden
7D
-3.3%
1Y
-28.5%

Market Might Still Lack Some Conviction On Maven Wireless Sweden AB (Publ) (STO:MAVEN) Even After 31% Share Price Boost

Jul 25
Market Might Still Lack Some Conviction On Maven Wireless Sweden AB (Publ) (STO:MAVEN) Even After 31% Share Price Boost
TAGM B
SEK 16.20
TagMaster
7D
-2.1%
1Y
-10.0%
LUMEN
SEK 51.50
LumenRadio
7D
-4.6%
1Y
-52.6%
HDW B
SEK 0.51
Hitech & Development Wireless Sweden Holding
7D
-27.5%
1Y
-92.6%
F2M
SEK 0.026
Free2move Holding
7D
-13.3%
1Y
-3.7%