P/E ratio for Ericsson (ERIC)
P/E ratio as of June 2024 (TTM): -9.40
According to Ericsson's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -9.40452. At the end of 2022 the company had a P/E ratio of 10.7.
P/E ratio history for Ericsson from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.7 | -23.79% |
| 2021 | 14.1 | -29.23% |
| 2020 | 19.9 | -81.48% |
| 2019 | 108 | -369.02% |
| 2018 | -40.0 | 617.08% |
| 2017 | -5.58 | -106.66% |
| 2016 | 83.7 | 332.88% |
| 2015 | 19.3 | -19.86% |
| 2014 | 24.1 | 13.49% |
| 2013 | 21.3 | -43.62% |
| 2012 | 37.7 | 117.13% |
| 2011 | 17.4 | -24.06% |
| 2010 | 22.9 | -62.84% |
| 2009 | 61.6 | 313.73% |
| 2008 | 14.9 | 31.08% |
| 2007 | 11.4 | -35.36% |
| 2006 | 17.6 | 1.39% |
| 2005 | 17.3 | -13.14% |
| 2004 | 19.9 | -198.49% |
| 2003 | -20.2 | 436.65% |
| 2002 | -3.77 | -81.91% |
| 2001 | -20.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Microsoft MSFT | 35.8 | -480.44% | 🇺🇸 USA |
 Cisco CSCO | 14.9 | -258.71% | 🇺🇸 USA |
 IBM IBM | 21.7 | -331.13% | 🇺🇸 USA |
 HP HPQ | 16.4 | -274.46% | 🇺🇸 USA |
 Juniper Networks
JNPR | 30.8 | -427.67% | 🇺🇸 USA |
 QUALCOMM QCOM | 31.7 | -436.58% | 🇺🇸 USA |
 Motorola Solutions
MSI | 35.4 | -476.07% | 🇺🇸 USA |
 Nokia NOK | 5.20 | -155.30% | 🇫🇮 Finland |
 Ciena CIEN | 32.1 | -441.48% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.