Ericsson
ERIC
#903
Rank
$20.33 B
Marketcap
$5.88
Share price
-3.61%
Change (1 day)
10.73%
Change (1 year)

P/E ratio for Ericsson (ERIC)

P/E ratio as of June 2024 (TTM): -9.14

According to Ericsson's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -9.14026. 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
202210.7-23.79%
202114.1-29.23%
202019.9-81.48%
2019108-369.02%
2018-40.0617.08%
2017-5.58-106.66%
201683.7332.88%
201519.3-19.86%
201424.113.49%
201321.3-43.62%
201237.7117.13%
201117.4-24.06%
201022.9-62.84%
200961.6313.73%
200814.931.08%
200711.4-35.36%
200617.61.39%
200517.3-13.14%
200419.9-198.49%
2003-20.2436.65%
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
38.1-516.84%๐Ÿ‡บ๐Ÿ‡ธ USA
14.7-261.17%๐Ÿ‡บ๐Ÿ‡ธ USA
22.2-342.82%๐Ÿ‡บ๐Ÿ‡ธ USA
15.6-270.57%๐Ÿ‡บ๐Ÿ‡ธ USA
31.2-441.17%๐Ÿ‡บ๐Ÿ‡ธ USA
33.7-468.31%๐Ÿ‡บ๐Ÿ‡ธ USA
37.0-505.25%๐Ÿ‡บ๐Ÿ‡ธ USA
5.01-154.83%๐Ÿ‡ซ๐Ÿ‡ฎ Finland
32.4-454.95%๐Ÿ‡บ๐Ÿ‡ธ 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.