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Swedish (OMX) Communications Industry Analysis

UpdatedFeb 11, 2026
DataAggregated Company Financials
Companies10
  • 7D1.6%
  • 3M3.9%
  • 1Y14.6%
  • YTD12.7%

The Communications industry is up 1.6% in the last week, with Telefonaktiebolaget LM Ericsson up 1.6%. Meanwhile, Gapwaves actually underperformed within the industry, shrinking 18% in the last week. This takes the industry's 12 month performance to a gain of 15%. As for the next few years, earnings are forecast to decline by 4.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Feb 2026SEK 359.1bSEK 242.2bSEK 28.8b46.6x12.5x1.5x
Fri, 09 Jan 2026SEK 315.0bSEK 245.7bSEK 25.0b45.7x12.6x1.3x
Sun, 07 Dec 2025SEK 327.5bSEK 245.7bSEK 25.0b52.2x13.1x1.3x
Tue, 04 Nov 2025SEK 355.4bSEK 245.7bSEK 25.0b59.8x14.2x1.4x
Thu, 02 Oct 2025SEK 287.4bSEK 251.1bSEK 17.6b46.8x16.3x1.1x
Sat, 30 Aug 2025SEK 278.8bSEK 251.1bSEK 17.6b51x15.8x1.1x
Mon, 28 Jul 2025SEK 263.4bSEK 251.2bSEK 17.6b47.5x15x1x
Wed, 25 Jun 2025SEK 292.3bSEK 254.9bSEK 1.9b115.1x154.2x1.1x
Fri, 23 May 2025SEK 310.8bSEK 254.9bSEK 1.9b123.3x164x1.2x
Sun, 20 Apr 2025SEK 283.6bSEK 254.6bSEK 1.9b56.7x147.9x1.1x
Tue, 18 Mar 2025SEK 305.8bSEK 253.5bSEK 295.3m76.4x1035.8x1.2x
Thu, 13 Feb 2025SEK 314.7bSEK 253.6bSEK 294.5m68.2x1068.5x1.2x
Sat, 11 Jan 2025SEK 334.7bSEK 252.5b-SEK 1,052,139,568.0041x-318.1x1.3x
Mon, 09 Dec 2024SEK 329.7bSEK 252.5b-SEK 1,052,139,568.0042.6x-313.3x1.3x
Wed, 06 Nov 2024SEK 323.0bSEK 252.5b-SEK 1,032,762,568.0036.1x-312.8x1.3x
Fri, 04 Oct 2024SEK 278.0bSEK 255.1b-SEK 35,428,883,961.0037.4x-7.8x1.1x
Sun, 01 Sep 2024SEK 283.1bSEK 255.1b-SEK 35,428,883,961.0036.4x-8x1.1x
Tue, 30 Jul 2024SEK 267.0bSEK 255.1b-SEK 35,441,929,401.0037.6x-7.5x1x
Thu, 27 Jun 2024SEK 242.3bSEK 259.5b-SEK 24,911,100,401.0030.4x-9.7x0.9x
Sat, 25 May 2024SEK 240.8bSEK 259.5b-SEK 24,906,564,997.0030.2x-9.7x0.9x
Mon, 22 Apr 2024SEK 215.4bSEK 259.4b-SEK 24,913,077,227.0028x-8.6x0.8x
Wed, 20 Mar 2024SEK 215.7bSEK 268.8b-SEK 25,893,300,227.0027.5x-8.3x0.8x
Fri, 16 Feb 2024SEK 213.3bSEK 268.7b-SEK 25,927,009,425.0031.5x-8.2x0.8x
Sun, 14 Jan 2024SEK 244.4bSEK 282.8b-SEK 23,167,536,425.0032.4x-10.5x0.9x
Tue, 12 Dec 2023SEK 226.7bSEK 282.8b-SEK 23,164,772,425.0033.4x-9.8x0.8x
Thu, 09 Nov 2023SEK 193.5bSEK 282.8b-SEK 23,157,381,425.0023.9x-8.4x0.7x
Sat, 07 Oct 2023SEK 197.9bSEK 286.2bSEK 12.7b22.2x15.6x0.7x
Mon, 04 Sep 2023SEK 215.6bSEK 286.1bSEK 12.7b22.6x17x0.8x
Wed, 02 Aug 2023SEK 205.1bSEK 286.1bSEK 12.7b25.6x16.1x0.7x
Fri, 30 Jun 2023SEK 225.3bSEK 284.0bSEK 17.9b25.2x12.6x0.8x
Sun, 28 May 2023SEK 220.1bSEK 283.9bSEK 17.9b30.5x12.3x0.8x
Tue, 25 Apr 2023SEK 212.5bSEK 283.8bSEK 17.9b26.9x11.9x0.7x
Thu, 23 Mar 2023SEK 214.2bSEK 276.1bSEK 19.2b28.3x11.1x0.8x
Sat, 18 Feb 2023SEK 229.1bSEK 275.9bSEK 19.2b37.8x11.9x0.8x
Price to Earnings Ratio

11.9x


Total Market Cap: SEK 229.1bTotal Earnings: SEK 19.2bTotal Revenue: SEK 275.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Communications Industry Price to Earnings3Y Average 61.2x202420252026
Current Industry PE
  • Investors are pessimistic on the Swedish Communications 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 12.5x which is lower than its 3-year average PE of 61.2x.
  • The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Communications industry have grown 14% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.3% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Swedish Tech industry?

SE Market1.59%
Tech-0.20%
Communications1.58%
Communications Equipment1.58%
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 100.601.6%
+SEK 5.3b		19.0%PE11.8x
HMS HMS NetworksSEK 403.802.2%
+SEK 441.6m		-21.6%PE46.6x
TAGM B TagMasterSEK 22.0016.7%
+SEK 46.1m		46.2%PE15.2x
KEBNI B KebNiSEK 1.774.1%
+SEK 19.2m		76.6%PE83.3x

Latest News

NETI B
SEK 2.10
Net Insight
7D
-1.6%
1Y
-69.3%
HMS
SEK 403.80
HMS Networks
7D
2.2%
1Y
-21.6%
GAPW B
SEK 11.66
Gapwaves
7D
-17.5%
1Y
-17.9%

Gapwaves AB (publ) (STO:GAPW B) Analysts Are Cutting Their Estimates: Here's What You Need To Know

Feb 10
Gapwaves AB (publ) (STO:GAPW B) Analysts Are Cutting Their Estimates: Here's What You Need To Know
TAGM B
SEK 22.00
TagMaster
7D
16.7%
1Y
46.2%

There's Been No Shortage Of Growth Recently For TagMaster's (STO:TAGM B) Returns On Capital

Feb 10
There's Been No Shortage Of Growth Recently For TagMaster's (STO:TAGM B) Returns On Capital
LUMEN
SEK 57.60
LumenRadio
7D
-8.4%
1Y
-42.1%

LumenRadio (STO:LUMEN) Is Looking To Continue Growing Its Returns On Capital

Feb 10
LumenRadio (STO:LUMEN) Is Looking To Continue Growing Its Returns On Capital
MAVEN
SEK 4.48
Maven Wireless Sweden
7D
-9.5%
1Y
-54.7%
ERIC B
SEK 100.60
Telefonaktiebolaget LM Ericsson
7D
1.6%
1Y
19.0%

ERIC B: European Vendor Shifts And Higher Profit Assumptions Will Support Balanced Outlook

Analysts have lifted their price targets on Telefonaktiebolaget LM Ericsson, supporting a fair value move from SEK 106 to about SEK 109 as they factor in updated assumptions on growth, profitability and a lower future P/E multiple. Analyst Commentary Recent Street research on Telefonaktiebolaget LM Ericsson shows a cluster of price target adjustments that align with the move in fair value from SEK 106 to about SEK 109.
KEBNI B
SEK 1.77
KebNi
7D
4.1%
1Y
76.6%
WAYS
SEK 41.00
Waystream Holding
7D
-2.6%
1Y
182.4%

The Market Lifts Waystream Holding AB (publ) (STO:WAYS) Shares 26% But It Can Do More

Jan 01
The Market Lifts Waystream Holding AB (publ) (STO:WAYS) Shares 26% But It Can Do More
INCOAX
SEK 0.61
InCoax Networks
7D
-4.7%
1Y
-58.9%
F2M
SEK 0.021
Free2move Holding
7D
-8.7%
1Y
0%