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Swedish (OMX) Telecom Sector Analysis

UpdatedDec 11, 2025
DataAggregated Company Financials
Companies58
  • 7D-2.1%
  • 3M-6.4%
  • 1Y2.5%
  • YTD0.2%

Over the last 7 days, the Telecom industry has dropped 2.8%, driven by a pullback from Embracer Group of 32%. Over the past 12 months, the industry was up 3.1%. As for the next few years, earnings are expected to grow by 22% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 11 Dec 2025SEK 383.5bSEK 210.3bSEK 8.1b24.8x47.5x1.8x
Sat, 08 Nov 2025SEK 404.5bSEK 210.9bSEK 7.9b24.6x51.2x1.9x
Mon, 06 Oct 2025SEK 406.7bSEK 211.2bSEK 7.0b27.1x58.3x1.9x
Wed, 03 Sep 2025SEK 401.4bSEK 211.2bSEK 7.0b27.7x57.7x1.9x
Fri, 01 Aug 2025SEK 403.7bSEK 213.0bSEK 5.1b26.4x78.7x1.9x
Sun, 29 Jun 2025SEK 395.0bSEK 212.2bSEK 4.3b27x91.2x1.9x
Tue, 27 May 2025SEK 391.0bSEK 212.4bSEK 3.3b28.1x116.8x1.8x
Thu, 24 Apr 2025SEK 379.6bSEK 226.4b-SEK 17,790,919,109.5325x-21.3x1.7x
Sat, 22 Mar 2025SEK 376.2bSEK 226.4b-SEK 17,796,780,221.3124.4x-21.1x1.7x
Mon, 17 Feb 2025SEK 376.2bSEK 226.7b-SEK 20,416,487,455.6726.8x-18.4x1.7x
Wed, 15 Jan 2025SEK 359.6bSEK 225.9b-SEK 21,591,583,438.1722.7x-16.7x1.6x
Fri, 13 Dec 2024SEK 356.1bSEK 225.9b-SEK 21,639,966,086.3624.1x-16.5x1.6x
Sun, 10 Nov 2024SEK 351.2bSEK 228.6b-SEK 21,320,189,806.8822.5x-16.5x1.5x
Tue, 08 Oct 2024SEK 364.2bSEK 228.8b-SEK 22,334,159,148.9328.4x-16.3x1.6x
Thu, 05 Sep 2024SEK 359.8bSEK 228.9b-SEK 22,329,810,405.4829.6x-16.1x1.6x
Sat, 03 Aug 2024SEK 355.0bSEK 231.2b-SEK 17,841,947,179.1026.4x-19.9x1.5x
Mon, 01 Jul 2024SEK 329.3bSEK 230.9b-SEK 23,994,533,134.4826.5x-13.7x1.4x
Wed, 29 May 2024SEK 327.8bSEK 230.8b-SEK 24,016,749,223.0026.7x-13.6x1.4x
Fri, 26 Apr 2024SEK 323.6bSEK 231.6b-SEK 5,143,463,321.2927.7x-62.9x1.4x
Sun, 24 Mar 2024SEK 306.4bSEK 212.8bSEK 3.7b21.5x82.1x1.4x
Tue, 20 Feb 2024SEK 298.8bSEK 230.7b-SEK 3,218,196,081.9831.2x-92.9x1.3x
Thu, 18 Jan 2024SEK 299.8bSEK 234.7b-SEK 14,343,909,922.0025.7x-20.9x1.3x
Sat, 16 Dec 2023SEK 306.2bSEK 234.6b-SEK 14,353,555,512.0030.9x-21.3x1.3x
Mon, 13 Nov 2023SEK 283.4bSEK 232.0b-SEK 10,818,072,410.0027x-26.2x1.2x
Wed, 11 Oct 2023SEK 289.1bSEK 230.5b-SEK 10,431,608,896.0023.8x-27.7x1.3x
Fri, 08 Sep 2023SEK 287.7bSEK 230.7b-SEK 10,388,136,475.0025.1x-27.7x1.2x
Sun, 06 Aug 2023SEK 295.7bSEK 226.2b-SEK 13,066,935,862.0024x-22.6x1.3x
Tue, 04 Jul 2023SEK 300.6bSEK 223.5b-SEK 6,063,377,744.0018.6x-49.6x1.3x
Thu, 01 Jun 2023SEK 324.1bSEK 223.5b-SEK 6,163,807,755.0019.9x-52.6x1.4x
Sat, 29 Apr 2023SEK 388.1bSEK 221.5b-SEK 12,104,299,184.0021.2x-32.1x1.8x
Mon, 27 Mar 2023SEK 360.6bSEK 218.8b-SEK 9,405,891,998.0018.8x-38.3x1.6x
Wed, 22 Feb 2023SEK 366.6bSEK 218.4b-SEK 9,667,423,818.0022.9x-37.9x1.7x
Fri, 20 Jan 2023SEK 345.4bSEK 208.0bSEK 7.6b21.1x45.2x1.7x
Sun, 18 Dec 2022SEK 342.7bSEK 207.8bSEK 7.7b22.9x44.7x1.6x
Price to Earnings Ratio

44.7x


Total Market Cap: SEK 342.7bTotal Earnings: SEK 7.7bTotal Revenue: SEK 207.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Telecom Sector Price to Earnings3Y Average 14.8x202320242025
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 47.5x which is higher than its 3-year average PE of 14.8x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Communication Services industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

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

SE Market0.68%
Telecom-2.14%
Interactive Media and Services2.91%
Media-0.20%
Wireless Telecom-0.77%
Telecom Services and Carriers-0.87%
Entertainment-9.55%
Industry PE
  • Investors are most optimistic about the Interactive Media and Services industry even though it's trading below its 3-year average PE ratio of 169x.
    • Analysts are expecting annual earnings growth of 46.0%, which is higher than its past year's earnings growth of 18.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Interactive Media and Services industry, expecting annual earnings growth of 46% over the next 5 years.
  • This is better than its past earnings growth rate of 18% per year.
  • In contrast, the Wireless Telecom industry is expected to see its earnings grow by 11% 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
HEM Hemnet GroupSEK 180.5011.4%
+SEK 1.7b		-48.2%PE31.5x
OVZON OvzonSEK 34.4011.1%
+SEK 384.8m		167.5%PS6.7x
HACK HacksawSEK 64.030.9%
+SEK 170.6m		n/aPE14.3x
VPLAY B Viaplay GroupSEK 0.922.4%
+SEK 99.1m		33.4%PS0.2x
GCOR Gaming CorpsSEK 1.105.3%
+SEK 8.0m		86.4%PS3.3x

Latest News

PDX
SEK 160.10
Paradox Interactive
7D
-5.0%
1Y
-18.8%
EMBRAC B
SEK 60.65
Embracer Group
7D
-31.5%
1Y
-69.4%
HEM
SEK 180.50
Hemnet Group
7D
11.4%
1Y
-48.2%

HEM: Margin Expansion And Buybacks Will Support Medium Term Cash Flow Stability

Hemnet Group's updated narrative fair value has been revised lower to approximately SEK 282 from SEK 294, as analysts trim price targets across the sector, citing slightly softer revenue growth expectations despite improving profit margins and a modestly lower forward P E multiple. Analyst Commentary Recent Street revisions for Hemnet Group have been characterized by a series of lower price targets, signaling a more cautious stance on near term upside even as the company continues to execute on profitability improvements.
TELIA
SEK 37.51
Telia Company
7D
-1.1%
1Y
21.8%

Telia Company (STO:TELIA) Is Due To Pay A Dividend Of SEK0.50

Dec 09
Telia Company (STO:TELIA) Is Due To Pay A Dividend Of SEK0.50
SF
SEK 6.40
Stillfront Group
7D
-4.5%
1Y
-21.0%
GCOR
SEK 1.10
Gaming Corps
7D
5.3%
1Y
86.4%
TEL2 B
SEK 147.90
Tele2
7D
-0.8%
1Y
30.8%

Returns At Tele2 (STO:TEL2 B) Are On The Way Up

Dec 03
Returns At Tele2 (STO:TEL2 B) Are On The Way Up
KAR
SEK 97.70
Karnov Group
7D
-2.1%
1Y
17.1%
MTG B
SEK 111.80
Modern Times Group MTG
7D
-1.1%
1Y
20.5%

MTG B: Share Repurchase and New Divisions Will Drive Earnings Momentum

Analysts have revised their price target for Modern Times Group MTG, maintaining the fair value estimate at SEK 155.67. They cited shifts in projected profit margins and future earnings multiples as the reason for this adjustment.
OVZON
SEK 34.40
Ovzon
7D
11.1%
1Y
167.5%

Market Participants Recognise Ovzon AB (publ)'s (STO:OVZON) Revenues

Nov 28
Market Participants Recognise Ovzon AB (publ)'s (STO:OVZON) Revenues
SONE
SEK 7.40
Sonetel
7D
5.7%
1Y
61.6%
CTM
SEK 1.69
Catena Media
7D
3.0%
1Y
-64.3%
BRE2
SEK 2.93
Bredband2 i Skandinavien
7D
0.2%
1Y
49.7%
HACK
SEK 64.03
Hacksaw
7D
0.9%
1Y
n/a
VPLAY B
SEK 0.92
Viaplay Group
7D
2.4%
1Y
33.4%

Positive Sentiment Still Eludes Viaplay Group AB (publ) (STO:VPLAY B) Following 26% Share Price Slump

Nov 04
Positive Sentiment Still Eludes Viaplay Group AB (publ) (STO:VPLAY B) Following 26% Share Price Slump
ACAST
SEK 30.75
Acast
7D
-4.8%
1Y
105.0%