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Swedish (OMX) Communications Equipment Industry Analysis

UpdatedMay 07, 2026
DataAggregated Company Financials
Companies10
  • 7D4.4%
  • 3M13.4%
  • 1Y36.9%
  • YTDn/a

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.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 08 May 2026SEK 402.1bSEK 236.5bSEK 25.6b45x15.7x1.7x
Sun, 05 Apr 2026SEK 384.2bSEK 242.2bSEK 28.8b33.7x13.3x1.6x
Tue, 03 Mar 2026SEK 373.4bSEK 242.2bSEK 28.8b30.4x13x1.5x
Thu, 29 Jan 2026SEK 348.0bSEK 242.2bSEK 28.8b49.1x12.1x1.4x
Sat, 27 Dec 2025SEK 323.7bSEK 245.7bSEK 25.0b47.4x12.9x1.3x
Mon, 24 Nov 2025SEK 327.4bSEK 245.7bSEK 25.0b53x13.1x1.3x
Wed, 22 Oct 2025SEK 323.4bSEK 245.6bSEK 25.0b68.2x13x1.3x
Fri, 19 Sep 2025SEK 279.9bSEK 251.1bSEK 17.6b50.8x15.9x1.1x
Sun, 17 Aug 2025SEK 272.4bSEK 251.1bSEK 17.6b49x15.5x1.1x
Tue, 15 Jul 2025SEK 283.0bSEK 254.9bSEK 1.9b108.3x145.4x1.1x
Thu, 12 Jun 2025SEK 297.0bSEK 254.9bSEK 1.9b117.7x156.7x1.2x
Sat, 10 May 2025SEK 293.3bSEK 254.9bSEK 1.9b117x154.7x1.2x
Mon, 07 Apr 2025SEK 265.6bSEK 252.9bSEK 302.6m67.9x877.5x1x
Wed, 05 Mar 2025SEK 313.2bSEK 253.5bSEK 284.9m77.4x1099.5x1.2x
Fri, 31 Jan 2025SEK 313.7bSEK 253.6bSEK 297.2m53.7x1055.4x1.2x
Sun, 29 Dec 2024SEK 327.1bSEK 252.5b-SEK 1,052,139,568.0042.2x-310.9x1.3x
Tue, 26 Nov 2024SEK 322.1bSEK 252.5b-SEK 1,052,139,568.0043x-306.1x1.3x
Thu, 24 Oct 2024SEK 323.2bSEK 252.4b-SEK 1,037,215,961.0038x-311.6x1.3x
Sat, 21 Sep 2024SEK 283.5bSEK 255.1b-SEK 35,428,883,961.0036.9x-8x1.1x
Mon, 19 Aug 2024SEK 274.3bSEK 255.1b-SEK 35,426,975,961.0035x-7.7x1.1x
Wed, 17 Jul 2024SEK 262.5bSEK 255.0b-SEK 35,461,486,401.0040x-7.4x1x
Fri, 14 Jun 2024SEK 242.2bSEK 259.5b-SEK 24,911,100,401.0031.8x-9.7x0.9x
Sun, 12 May 2024SEK 221.6bSEK 259.5b-SEK 24,894,925,997.0029.1x-8.9x0.9x
Tue, 09 Apr 2024SEK 211.4bSEK 268.8b-SEK 25,891,077,227.0029.4x-8.2x0.8x
Thu, 07 Mar 2024SEK 217.8bSEK 268.8b-SEK 25,891,554,425.0027.5x-8.4x0.8x
Sat, 03 Feb 2024SEK 217.3bSEK 268.7b-SEK 25,911,459,425.0031.6x-8.4x0.8x
Mon, 01 Jan 2024SEK 240.0bSEK 282.8b-SEK 23,167,536,425.0035.4x-10.4x0.8x
Wed, 29 Nov 2023SEK 199.3bSEK 282.8b-SEK 23,164,772,425.0033.4x-8.6x0.7x
Fri, 27 Oct 2023SEK 188.4bSEK 282.8b-SEK 23,158,109,962.0023.8x-8.1x0.7x
Sun, 24 Sep 2023SEK 213.7bSEK 286.1bSEK 12.7b22.4x16.8x0.7x
Tue, 22 Aug 2023SEK 205.5bSEK 286.1bSEK 12.7b22.8x16.2x0.7x
Thu, 20 Jul 2023SEK 199.3bSEK 286.1bSEK 12.7b25.5x15.7x0.7x
Sat, 17 Jun 2023SEK 225.5bSEK 284.0bSEK 17.9b27x12.6x0.8x
Mon, 15 May 2023SEK 210.4bSEK 283.9bSEK 17.9b29.1x11.8x0.7x
Price to Earnings Ratio

11.8x


Total Market Cap: SEK 210.4bTotal Earnings: SEK 17.9bTotal Revenue: SEK 283.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Communications Equipment Industry Price to Earnings3Y Average 61.3x202420252026
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 15.7x which is lower than its 3-year average PE of 61.3x.
  • 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 Market3.67%
Tech3.76%
Communications4.42%
Communications Equipment4.42%
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 109.451.0%
+SEK 3.7b		35.1%PE14.5x
HMS HMS NetworksSEK 556.003.2%
+SEK 853.3m		29.3%PE57.9x
NETI B Net InsightSEK 3.597.8%
+SEK 88.5m		27.8%PE197.6x
TAGM B TagMasterSEK 33.4011.3%
+SEK 49.8m		199.6%PE23.1x
KEBNI B KebNiSEK 1.3315.1%
+SEK 48.0m		-26.9%PS3.2x

Latest News

INCOAX
SEK 0.58
InCoax Networks
7D
-18.0%
1Y
-62.8%
WAYS
SEK 40.20
Waystream Holding
7D
-1.7%
1Y
48.9%
GAPW B
SEK 10.86
Gapwaves
7D
0.6%
1Y
-17.2%
HMS
SEK 556.00
HMS Networks
7D
3.2%
1Y
29.3%
ERIC B
SEK 109.45
Telefonaktiebolaget LM Ericsson
7D
1.0%
1Y
35.1%
Narrative Update • May 01

ERIC B: Trusted Tech Alliance And Cost Discipline Will Support Higher Future Multiple

Analysts have trimmed their consolidated price target for Telefonaktiebolaget LM Ericsson to SEK 121, with recent SEK 4 to SEK 10 target increases from some firms and a SEK 1 reduction from another. This reflects mixed views around cost cuts, profit margins and future P/E assumptions.
MAVEN
SEK 4.34
Maven Wireless Sweden
7D
1.2%
1Y
-43.5%
TAGM B
SEK 33.40
TagMaster
7D
11.3%
1Y
199.6%
LUMEN
SEK 66.40
LumenRadio
7D
1.2%
1Y
14.9%
KEBNI B
SEK 1.33
KebNi
7D
15.1%
1Y
-26.9%
NETI B
SEK 3.59
Net Insight
7D
7.8%
1Y
27.8%
Narrative Update • Apr 25

NETI B: PNT Technology Wins Are Expected To Drive Future Upside

Net Insight's updated analyst price target has shifted lower to reflect a revised fair value of SEK 3.75. Analysts now apply a higher discount rate, more cautious revenue growth and profit margin assumptions, and a higher future P/E multiple in their models.