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	19.2	-250.52%	🇺🇸 USA
Nokia NOK	5.67	-144.40%	🇫🇮 Finland
QUALCOMM QCOM	25.2	-297.20%	🇺🇸 USA
Juniper Networks JNPR	31.2	-344.53%	🇺🇸 USA
Motorola Solutions MSI	48.8	-482.23%	🇺🇸 USA
Microsoft MSFT	37.2	-391.02%	🇺🇸 USA
IBM IBM	29.8	-333.54%	🇺🇸 USA
Ciena CIEN	46.7	-465.15%	🇺🇸 USA
HP HPQ	15.6	-222.01%	🇺🇸 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.