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Swedish (OMX) Communications Industry Analysis

UpdatedJul 19, 2026
DataAggregated Company Financials
Companies10
  • 7D-12.7%
  • 3M-11.3%
  • 1Y28.9%
  • YTD8.4%

Over the last 7 days, the Communications industry has dropped 13%, driven by Telefonaktiebolaget LM Ericsson declining 14%. Over the past 12 months, the industry was up 29%. Earnings are forecast to be flat in the coming years.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 19 Jul 2026SEK 342.5bSEK 233.1bSEK 25.1b21x13.6x1.5x
Tue, 16 Jun 2026SEK 411.6bSEK 236.5bSEK 25.6b44.1x16.1x1.7x
Thu, 14 May 2026SEK 426.3bSEK 236.5bSEK 25.6b46.6x16.7x1.8x
Sat, 11 Apr 2026SEK 396.2bSEK 242.2bSEK 28.8b33.6x13.8x1.6x
Mon, 09 Mar 2026SEK 366.8bSEK 242.2bSEK 28.8b32.4x12.7x1.5x
Wed, 04 Feb 2026SEK 353.6bSEK 242.2bSEK 28.8b46x12.3x1.5x
Fri, 02 Jan 2026SEK 327.0bSEK 245.7bSEK 25.0b48x13.1x1.3x
Sun, 30 Nov 2025SEK 331.2bSEK 245.7bSEK 25.0b54x13.2x1.3x
Tue, 28 Oct 2025SEK 328.2bSEK 245.7bSEK 25.0b60.1x13.1x1.3x
Thu, 25 Sep 2025SEK 284.1bSEK 251.1bSEK 17.6b48.1x16.1x1.1x
Sat, 23 Aug 2025SEK 279.5bSEK 251.1bSEK 17.6b50.9x15.9x1.1x
Mon, 21 Jul 2025SEK 268.0bSEK 251.1bSEK 17.6b47.5x15.2x1.1x
Wed, 18 Jun 2025SEK 290.2bSEK 254.9bSEK 1.9b113.4x153.1x1.1x
Fri, 16 May 2025SEK 303.9bSEK 254.9bSEK 1.9b122.5x160.4x1.2x
Sun, 13 Apr 2025SEK 257.0bSEK 252.9bSEK 302.6m56.1x849.3x1x
Tue, 11 Mar 2025SEK 314.1bSEK 253.5bSEK 295.3m73.6x1063.9x1.2x
Thu, 06 Feb 2025SEK 308.8bSEK 253.6bSEK 297.2m54.8x1038.9x1.2x
Sat, 04 Jan 2025SEK 330.3bSEK 252.5b-SEK 1,052,139,568.0042.1x-313.9x1.3x
Mon, 02 Dec 2024SEK 320.8bSEK 252.5b-SEK 1,052,139,568.0043x-304.9x1.3x
Wed, 30 Oct 2024SEK 330.3bSEK 252.5b-SEK 1,031,683,961.0034.4x-320.1x1.3x
Fri, 27 Sep 2024SEK 288.9bSEK 255.1b-SEK 35,428,883,961.0036.4x-8.2x1.1x
Sun, 25 Aug 2024SEK 278.3bSEK 255.1b-SEK 35,428,011,961.0035.9x-7.9x1.1x
Tue, 23 Jul 2024SEK 264.3bSEK 255.1b-SEK 35,441,929,401.0037.2x-7.5x1x
Thu, 20 Jun 2024SEK 233.9bSEK 259.5b-SEK 24,911,100,401.0029.9x-9.4x0.9x
Sat, 18 May 2024SEK 234.3bSEK 259.5b-SEK 24,900,625,997.0030.6x-9.4x0.9x
Mon, 15 Apr 2024SEK 207.0bSEK 268.8b-SEK 25,891,077,227.0028.6x-8x0.8x
Wed, 13 Mar 2024SEK 221.8bSEK 268.8b-SEK 25,893,300,227.0027.5x-8.6x0.8x
Fri, 09 Feb 2024SEK 216.1bSEK 268.7b-SEK 25,911,459,425.0031.5x-8.3x0.8x
Sun, 07 Jan 2024SEK 237.9bSEK 282.8b-SEK 23,167,536,425.0031.6x-10.3x0.8x
Tue, 05 Dec 2023SEK 207.1bSEK 282.8b-SEK 23,164,772,425.0032.5x-8.9x0.7x
Thu, 02 Nov 2023SEK 189.6bSEK 282.8b-SEK 23,176,756,962.0024x-8.2x0.7x
Sat, 30 Sep 2023SEK 202.1bSEK 286.2bSEK 12.7b22.4x15.9x0.7x
Mon, 28 Aug 2023SEK 205.7bSEK 286.1bSEK 12.7b22x16.2x0.7x
Wed, 26 Jul 2023SEK 205.7bSEK 286.1bSEK 12.7b25.4x16.2x0.7x
Price to Earnings Ratio

16.2x


Total Market Cap: SEK 205.7bTotal Earnings: SEK 12.7bTotal Revenue: SEK 286.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Communications Industry Price to Earnings3Y Average 61.5x202420252026
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 13.6x 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 1.5x.
Past Earnings Growth
  • The earnings for companies in the Communications industry have grown 26% per year over the last three years.
  • Meanwhile revenues for these companies have declined 6.6% 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 Market0.052%
Tech-6.04%
Communications-12.72%
Communications Equipment-12.72%
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
KEBNI B KebNiSEK 1.081.9%
+SEK 5.5m		-54.8%PS2.6x

Latest News

TAGM B
SEK 35.00
TagMaster
7D
-17.8%
1Y
125.1%
GAPW B
SEK 14.00
Gapwaves
7D
-18.1%
1Y
7.7%
ERIC B
SEK 95.26
Telefonaktiebolaget LM Ericsson
7D
-13.6%
1Y
31.0%
Narrative Update • Jul 17

ERIC B: Chip Cost Pressures And Leadership Change Will Constrain Future Upside

Analysts have trimmed the fair value estimate for Ericsson to SEK 68.00, reflecting a modestly lower blended price target as some firms reduce their SEK-based targets while others turn more constructive on the stock. Analyst Commentary Recent research on Telefonaktiebolaget LM Ericsson highlights a mix of views, with some firms trimming SEK-based price targets and others shifting to a more positive stance.
NETI B
SEK 2.40
Net Insight
7D
-6.8%
1Y
-35.5%
HMS
SEK 482.40
HMS Networks
7D
-1.0%
1Y
14.9%
Analysis Article • Jul 17

HMS Networks AB (publ) (STO:HMS) Just Released Its Second-Quarter Earnings: Here's What Analysts Think

As you might know, HMS Networks AB (publ) ( STO:HMS ) recently reported its quarterly numbers. The result was positive...
LUMEN
SEK 57.40
LumenRadio
7D
-4.7%
1Y
10.0%
KEBNI B
SEK 1.08
KebNi
7D
1.9%
1Y
-54.8%
Analysis Article • Jul 09

One KebNi AB (publ) (STO:KEBNI B) Broker Analyst Just Cut Their Revenue Numbers By 17%

The latest analyst coverage could presage a bad day for KebNi AB (publ) ( STO:KEBNI B ), with the covering analyst...
INCOAX
SEK 0.98
InCoax Networks
7D
-3.5%
1Y
-31.2%