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Friday 6 November 2026 Export ERIC’s income statement to Excel — free account

Ericsson

ERIC Technology Communication Equipment

Ericsson’s revenue for fiscal 2025 (year ended December 2025) was $24.2 billion, up 3.15% from fiscal 2024.

Revenue
+4.35%
EPS
−48.6%
Free cash flow
−30.0%
Total debt
+0.61%

Quarter to September 2026, against a year earlier

10.24 0.20 −1.92%
Market cap
$31.3B
P/E
16.8×
Fwd P/E
—
Dividend yield
3.12%
F-score
8/9
Altman Z
2.89
Beneish M
−2.53
Dividend safety
70/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Ericsson (ERIC) P/B ratio

Alert me on P/B ratio

As of 6 November 2026, Ericsson (ERIC) trades at a P/B ratio of 2.9×. Over the past ten years it has ranged from 0.9× (November 2016) to 4.9× (March 2021); the current reading is higher than 63% of that period. That is above the Communication Equipment industry median of 1.7× and above the Technology sector median of 2.5×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 2.9× (6.51%)
FY2024 3.1× 35.83%
FY2023 2.2× 50.12%
FY2022 1.5× (48.33%)
FY2021 2.9× (32.25%)
FY2020 4.3× 27.64%
FY2019 3.4× 15.96%
FY2018 2.9× 55.11%
FY2017 1.9× 62.22%
FY2016 1.1× (35.66%)

Quarterly newest first

Period P/B ratio Change
Sep 2026 2.6× (20.91%)
Jun 2026 3.3× (1.66%)
Mar 2026 3.3× 16.79%
Dec 2025 2.9× 11.54%
43 more quarters

Against its own ten years

Low 0.9× High 4.9×
Ten-year median 2.3×
Current reading's percentile 62

P/B ratio against peers

Company P/B ratio
NOK Nokia Corporation compare 1.7×
HPE Hewlett Packard Enterprise Company compare 2.3×
ERIC Ericsson 3.0×
ASTS AST SpaceMobile, Inc. compare 3.8×
ZBRA Zebra Technologies Corporation compare 4.3×
LITE Lumentum Holdings Inc. compare 10.5×
CIEN Ciena Corporation compare 10.9×
UI Ubiquiti Inc. compare 21.6×
MSI Motorola Solutions, Inc. compare 27.8×
Communication Equipment industry median 1.7×
Technology sector median 2.5×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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