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

Swedish (OMX) Telecom Sector Analysis

UpdatedMay 12, 2026
DataAggregated Company Financials
Companies56
  • 7D1.0%
  • 3M10.2%
  • 1Y15.4%
  • YTD15.6%

The Telecom industry is up 1.0% in the last week, with Embracer Group up 11%. In the same time, Hacksaw was down 6.8%. This means that the industry has gained 15% over the past year. As for the next few years, earnings are expected to grow by 9.7% per annum.

Sector Valuation and Performance

Has the Swedish Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 12 May 2026SEK 451.8bSEK 199.0bSEK 16.1b21.7x28.1x2.3x
Thu, 09 Apr 2026SEK 442.3bSEK 197.5bSEK 10.8b21.7x40.9x2.2x
Sat, 07 Mar 2026SEK 427.3bSEK 198.2bSEK 10.6b23.1x40.2x2.2x
Mon, 02 Feb 2026SEK 395.9bSEK 198.2bSEK 7.3b26.8x54.2x2x
Wed, 31 Dec 2025SEK 403.7bSEK 210.3bSEK 8.1b25.6x50.1x1.9x
Fri, 28 Nov 2025SEK 396.6bSEK 210.5bSEK 8.1b25.5x48.8x1.9x
Sun, 26 Oct 2025SEK 407.6bSEK 210.4bSEK 7.2b27.4x56.7x1.9x
Tue, 23 Sep 2025SEK 404.7bSEK 211.2bSEK 7.0b26.5x58x1.9x
Thu, 21 Aug 2025SEK 407.6bSEK 211.8bSEK 6.8b28.1x59.6x1.9x
Sat, 19 Jul 2025SEK 410.2bSEK 212.1bSEK 4.7b28.4x88x1.9x
Mon, 16 Jun 2025SEK 374.6bSEK 210.3bSEK 3.3b28.2x115.2x1.8x
Wed, 14 May 2025SEK 380.3bSEK 227.9b-SEK 17,355,710,899.6425.3x-21.9x1.7x
Fri, 11 Apr 2025SEK 362.6bSEK 226.4b-SEK 17,876,207,956.6224.6x-20.3x1.6x
Sun, 09 Mar 2025SEK 368.2bSEK 226.4b-SEK 17,795,732,280.8924.9x-20.7x1.6x
Tue, 04 Feb 2025SEK 385.6bSEK 226.5b-SEK 18,757,155,481.9522.1x-20.6x1.7x
Thu, 02 Jan 2025SEK 351.6bSEK 225.9b-SEK 21,623,494,487.0522.8x-16.3x1.6x
Sat, 30 Nov 2024SEK 354.1bSEK 226.0b-SEK 21,511,363,065.0425.4x-16.5x1.6x
Mon, 28 Oct 2024SEK 358.5bSEK 228.5b-SEK 20,884,746,971.4122.8x-17.2x1.6x
Wed, 25 Sep 2024SEK 365.5bSEK 228.7b-SEK 22,330,095,865.3829.3x-16.4x1.6x
Fri, 23 Aug 2024SEK 348.9bSEK 228.8b-SEK 22,385,648,557.7529.2x-15.6x1.5x
Sun, 21 Jul 2024SEK 347.9bSEK 231.5b-SEK 17,634,019,580.5027.1x-19.7x1.5x
Tue, 18 Jun 2024SEK 317.6bSEK 230.7b-SEK 23,997,078,692.1226.1x-13.2x1.4x
Thu, 16 May 2024SEK 340.7bSEK 231.5b-SEK 5,123,011,087.1432.8x-66.5x1.5x
Sat, 13 Apr 2024SEK 319.1bSEK 212.9bSEK 3.7b22.9x85.6x1.5x
Mon, 11 Mar 2024SEK 290.3bSEK 212.4bSEK 3.9b23.5x75.3x1.4x
Wed, 07 Feb 2024SEK 294.3bSEK 229.8bSEK 1.1b25.6x276x1.3x
Fri, 05 Jan 2024SEK 310.5bSEK 234.6b-SEK 14,354,175,239.0029.1x-21.6x1.3x
Sun, 03 Dec 2023SEK 292.4bSEK 234.6b-SEK 14,364,045,274.0027.9x-20.4x1.2x
Tue, 31 Oct 2023SEK 269.7bSEK 231.6b-SEK 10,991,736,922.0026.2x-24.5x1.2x
Thu, 28 Sep 2023SEK 278.1bSEK 230.6b-SEK 10,427,007,458.0024.3x-26.7x1.2x
Sat, 26 Aug 2023SEK 280.3bSEK 231.3b-SEK 10,606,313,846.0021.3x-26.4x1.2x
Mon, 24 Jul 2023SEK 301.6bSEK 225.8b-SEK 13,228,388,962.0024x-22.8x1.3x
Wed, 21 Jun 2023SEK 300.8bSEK 223.5b-SEK 6,075,073,669.0017.8x-49.5x1.3x
Fri, 19 May 2023SEK 353.6bSEK 222.7b-SEK 11,928,684,581.0019.6x-29.6x1.6x
Price to Earnings Ratio

-29.6x


Total Market Cap: SEK 353.6bTotal Earnings: -SEK 11,928,684,581.00Total Revenue: SEK 222.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Telecom Sector Price to Earnings3Y Average 22.1x202420252026
Current Industry PE
  • Investors are optimistic on the Swedish Communication Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 28.1x which is higher than its 3-year average PE of 22.1x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • Total earnings for the Communication Services industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 3.7% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Swedish Telecom sector?

SE Market1.70%
Telecom1.02%
Telecom Services and Carriers2.32%
Entertainment0.66%
Media0.23%
Interactive Media and Services-0.23%
Wireless Telecom-0.46%
Industry PE
  • Investors are most optimistic about the Entertainment industry which is trading above its 3-year average PE ratio of 8.2x.
    • Analysts are expecting annual earnings growth of 30.1%, which is higher than its past year's earnings decline of 66.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Entertainment industry, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings decline of 66% per year.
  • In contrast, the Wireless Telecom industry is expected to see its earnings decline by 15% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
EMBRAC B Embracer GroupSEK 69.7811.4%
+SEK 1.6b		-44.7%PE3.8x
MTG B Modern Times Group MTGSEK 133.307.2%
+SEK 1.1b		20.0%PE1450.2x
ACAST AcastSEK 34.706.1%
+SEK 364.9m		132.9%PS2.4x
TELIA Telia CompanySEK 48.970.2%
+SEK 353.9m		40.0%PE41.5x
TEL2 B Tele2SEK 185.250.2%
+SEK 312.1m		34.8%PE12.7x

Latest News

TEL2 B
SEK 185.25
Tele2
7D
0.2%
1Y
34.8%
EMBRAC B
SEK 69.78
Embracer Group
7D
11.4%
1Y
-44.7%
BAHN B
SEK 55.20
Bahnhof
7D
3.4%
1Y
-4.7%
KAR
SEK 70.20
Karnov Group
7D
2.9%
1Y
-21.9%
Analysis Article • May 10

Earnings Update: Karnov Group AB (publ) (STO:KAR) Just Reported Its First-Quarter Results And Analysts Are Updating Their Forecasts

Investors in Karnov Group AB (publ) ( STO:KAR ) had a good week, as its shares rose 7.6% to close at kr72.00 following...
ACAST
SEK 34.70
Acast
7D
6.1%
1Y
132.9%
Analysis Article • May 08

Earnings Update: Acast AB (publ) (STO:ACAST) Just Reported And Analysts Are Boosting Their Estimates

Shareholders of Acast AB (publ) ( STO:ACAST ) will be pleased this week, given that the stock price is up 10% to...
MTG B
SEK 133.30
Modern Times Group MTG
7D
7.2%
1Y
20.0%
Analysis Article • May 07

We Think Modern Times Group MTG's (STO:MTG B) Profit Is Only A Baseline For What They Can Achieve

Modern Times Group MTG AB's ( STO:MTG B ) strong earnings report was rewarded with a positive stock price move. We did...
HACK
SEK 74.50
Hacksaw
7D
-6.8%
1Y
n/a
G5EN
SEK 51.40
G5 Entertainment
7D
-3.6%
1Y
-52.5%
STORY B
SEK 93.15
Storytel
7D
-0.9%
1Y
-2.7%
VPLAY B
SEK 1.37
Viaplay Group
7D
-3.5%
1Y
137.4%
OVZON
SEK 49.58
Ovzon
7D
-9.0%
1Y
82.6%
Narrative Update • May 05

OVZON: Defence Reliance And New SATCOM Services Will Shape Fairly Balanced Outlook

Analysts have maintained their SEK 56.8 price target for Ovzon, supported by updated assumptions that now reflect a revenue growth rate of 1.88%, a profit margin of 30.99% and a forward P/E of 24.57x. What's in the News Ovzon introduced the Ovzon T8, described as the smallest mobile satellite terminal in its class, aimed at military, civil defense, and commercial users for mission-critical connectivity across air, land, and sea (Key Developments).
HEM
SEK 107.70
Hemnet Group
7D
-6.4%
1Y
-66.3%
Narrative Update • May 05

HEM: Reset Market Expectations Will Pressure Future Earnings Profile

Hemnet Group's analyst price target has been revised lower from SEK 110 to SEK 83, as analysts adjust assumptions around discount rates, long term revenue growth, profit margins and future P/E multiples in line with recent target cuts from several major banks. Analyst Commentary Recent Street research on Hemnet Group points to a more cautious tone, with several major banks trimming their price targets and reassessing assumptions around growth, margins and appropriate P/E levels.
STAR B
SEK 0.11
Starbreeze
7D
-19.3%
1Y
-48.6%
TELIA
SEK 48.97
Telia Company
7D
0.2%
1Y
40.0%
Narrative Update • May 01

TELIA: Norwegian Network Merger Will Test Elevated Dividend And Rating Expectations

Narrative Update: Telia Company The analyst price target for Telia Company has been raised from SEK 30.0 to SEK 30.7. This reflects analysts' updated assumptions on revenue growth, profit margins and discount rate, alongside a series of recent SEK-based target increases from several banks and a mixed but generally constructive research tone. Analyst Commentary Recent research on Telia Company shows a mix of price target adjustments and rating changes that point to a more balanced, and in some areas cautious, stance on the shares.
EG7
SEK 20.70
Enad Global 7
7D
16.0%
1Y
91.0%
TRANS
SEK 3.50
Transtema Group
7D
-38.2%
1Y
-76.3%