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Swedish (OMX) Telecom Services and Carriers Industry Analysis

UpdatedSep 16, 2026
DataAggregated Company Financials
Companies6
  • 7D4.1%
  • 3M-3.6%
  • 1Y28.4%
  • YTD17.2%

The Telecom Services and Carriers industry is up 4.1% in the last week, with Telia Company up 4.6%. In the same time, Ovzon was down 8.6%. In the last 12 months, the industry was up 28%. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

Has the Swedish Telecom Services and Carriers Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 16 Sep 2026SEK 195.9bSEK 87.7bSEK 5.1b34.4x38.1x2.2x
Fri, 14 Aug 2026SEK 181.3bSEK 87.7bSEK 5.2b34.5x35x2.1x
Sun, 12 Jul 2026SEK 190.2bSEK 86.7bSEK 4.9b36.4x38.9x2.2x
Tue, 09 Jun 2026SEK 205.3bSEK 86.7bSEK 4.9b37.3x42x2.4x
Thu, 07 May 2026SEK 206.5bSEK 86.7bSEK 4.9b32x42.3x2.4x
Sat, 04 Apr 2026SEK 200.0bSEK 86.6bSEK 5.2b37.1x38.2x2.3x
Mon, 02 Mar 2026SEK 195.2bSEK 86.6bSEK 5.2b36x37.3x2.3x
Wed, 28 Jan 2026SEK 176.2bSEK 96.6bSEK 5.7b29x31x1.8x
Fri, 26 Dec 2025SEK 166.8bSEK 96.6bSEK 5.7b28.2x29.4x1.7x
Sun, 23 Nov 2025SEK 158.9bSEK 96.5bSEK 5.7b26.7x27.8x1.6x
Tue, 21 Oct 2025SEK 154.9bSEK 96.5bSEK 5.6b27.2x27.5x1.6x
Thu, 18 Sep 2025SEK 156.4bSEK 96.5bSEK 5.6b28.5x27.8x1.6x
Sat, 16 Aug 2025SEK 153.7bSEK 96.2bSEK 5.5b29x27.8x1.6x
Mon, 14 Jul 2025SEK 145.4bSEK 96.6bSEK 5.1b28x28.3x1.5x
Wed, 11 Jun 2025SEK 153.0bSEK 96.6bSEK 5.1b28.2x29.9x1.6x
Fri, 09 May 2025SEK 154.0bSEK 96.5bSEK 5.1b27.3x30.2x1.6x
Sun, 06 Apr 2025SEK 150.9bSEK 95.8bSEK 3.9b24.5x38.6x1.6x
Tue, 04 Mar 2025SEK 148.1bSEK 95.8bSEK 4.0b25.8x37.4x1.5x
Thu, 30 Jan 2025SEK 138.0bSEK 95.1bSEK 1.3b33.1x105.5x1.5x
Sat, 28 Dec 2024SEK 131.1bSEK 95.1bSEK 1.3b32.4x100.2x1.4x
Mon, 25 Nov 2024SEK 134.5bSEK 95.1bSEK 1.3b33.3x102.7x1.4x
Wed, 23 Oct 2024SEK 133.0bSEK 95.3bSEK 616.1m21.8x215.9x1.4x
Fri, 20 Sep 2024SEK 141.5bSEK 95.3bSEK 617.9m22.7x229x1.5x
Sun, 18 Aug 2024SEK 133.5bSEK 95.2bSEK 600.6m22.1x222.3x1.4x
Tue, 16 Jul 2024SEK 123.1bSEK 94.8b-SEK 152,387,791.0020.5x-808x1.3x
Thu, 13 Jun 2024SEK 115.9bSEK 94.8b-SEK 152,387,791.0022x-760.5x1.2x
Sat, 11 May 2024SEK 111.2bSEK 94.8b-SEK 199,724,791.0019.9x-557x1.2x
Mon, 08 Apr 2024SEK 115.4bSEK 95.3b-SEK 243,257,791.0020.1x-474.6x1.2x
Wed, 06 Mar 2024SEK 103.8bSEK 95.3b-SEK 242,203,791.0021.1x-428.4x1.1x
Fri, 02 Feb 2024SEK 112.6bSEK 95.3b-SEK 299,955,577.0019.5x-375.3x1.2x
Sun, 31 Dec 2023SEK 109.1bSEK 100.3b-SEK 15,548,955,577.0018.4x-7x1.1x
Tue, 28 Nov 2023SEK 104.6bSEK 100.3b-SEK 15,543,995,577.0018.3x-6.7x1x
Thu, 26 Oct 2023SEK 99.9bSEK 100.3b-SEK 15,570,693,577.0017.1x-6.4x1x
Sat, 23 Sep 2023SEK 100.5bSEK 99.5b-SEK 15,428,077,517.0017.4x-6.5x1x
Price to Earnings Ratio

-6.5x


Total Market Cap: SEK 100.5bTotal Earnings: -SEK 15,428,077,517.00Total Revenue: SEK 99.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Swedish Telecom Services and Carriers Industry Price to Earnings3Y Average -43.8x202420252026
Current Industry PE
  • Investors are optimistic on the Swedish Telecom industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 38.1x which is higher than its 3-year average PE of -43.8x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • Total earnings for the Telecom industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 4.1% 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 industry?

SE Market-2.77%
Telecom3.20%
Telecom Services and Carriers4.12%
Integrated Telecom Services4.46%
Alternative Carriers-8.59%
Industry PE
  • Investors are most optimistic about the Alternative Carriers industry even though it's trading below its 3-year average PE ratio of 225x.
    • Analysts are expecting annual earnings growth of 9.7% and investors are willing to pay a premium for that growth.
  • Investors are most pessimistic about the Integrated Telecom Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 16% per year.
  • In contrast, the Alternative Carriers industry is expected to see its earnings grow by 9.7% 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
TELIA Telia CompanySEK 47.696.7%
+SEK 11.8b		31.8%PE38.2x
BAHN B BahnhofSEK 59.700.2%
+SEK 10.8m		-1.6%PE34.4x

Latest News

TELIA
SEK 47.69
Telia Company
7D
6.7%
1Y
31.8%
Narrative Update • Sep 10

TELIA: Future Returns Will Rely On Earnings Quality And Sovereign AI Initiatives

Telia Company’s updated analyst price target has shifted from SEK 60 to SEK 57, reflecting a modest recalibration by analysts as they factor in recent Street targets around SEK 45 to SEK 51 and slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E. Analyst Commentary on Telia Company Recent Street research on Telia Company shows a mix of recalibrated targets and more balanced ratings.
WYLD
SEK 0.27
Wyld Networks
7D
-4.9%
1Y
-93.6%
SONE
SEK 4.83
Sonetel
7D
-13.4%
1Y
-42.8%
TRANS
SEK 4.57
Transtema Group
7D
-8.6%
1Y
-63.2%
BAHN B
SEK 59.70
Bahnhof
7D
0.2%
1Y
-1.6%
OVZON
SEK 37.00
Ovzon
7D
-7.3%
1Y
4.8%
Narrative Update • Jul 22

OVZON: Future NATO And European Contracts Will Support Bullish Re Rating

Analysts have lifted their fair value price target for Ovzon from SEK45.60 to SEK65.00 as they factor in a higher discount rate, lower projected revenue growth and profit margins, and a materially higher future P/E assumption. What’s in the News for Ovzon Ovzon AB received a supplementary order from a European customer for additional mobile satellite terminals worth SEK 36 million, with deliveries scheduled during 2026, source: company client announcement.