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	20.5	-259.23%	🇺🇸 USA
Nokia NOK	6.77	-152.45%	🇫🇮 Finland
QUALCOMM QCOM	23.7	-284.03%	🇺🇸 USA
Juniper Networks JNPR	31.6	-344.96%	🇺🇸 USA
Motorola Solutions MSI	42.0	-425.69%	🇺🇸 USA
Microsoft MSFT	33.5	-359.80%	🇺🇸 USA
IBM IBM	32.8	-354.48%	🇺🇸 USA
Ciena CIEN	50.1	-488.52%	🇺🇸 USA
HP HPQ	12.8	-199.59%	🇺🇸 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.