P/E ratio for Ericsson (ERIC)

P/E ratio history for Ericsson from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Cisco CSCO	15.6	-238.87%	🇺🇸 USA
Nokia NOK	5.74	-150.95%	🇫🇮 Finland
QUALCOMM QCOM	24.5	-317.01%	🇺🇸 USA
Juniper Networks JNPR	33.7	-399.48%	🇺🇸 USA
Motorola Solutions MSI	42.5	-477.41%	🇺🇸 USA
Microsoft MSFT	34.7	-407.55%	🇺🇸 USA
IBM IBM	26.3	-333.43%	🇺🇸 USA
Ciena CIEN	34.4	-404.87%	🇺🇸 USA
HP HPQ	14.5	-229.04%	🇺🇸 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.