Telefonaktiebolaget L M Ericsson (Telefonaktiebolaget L M Ericsson) Forward PE Ratio

: 9.94 (As of Today)

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Telefonaktiebolaget L M Ericsson's Forward PE Ratio for today is 9.94.

Telefonaktiebolaget L M Ericsson's PE Ratio without NRI for today is 5.11.

Telefonaktiebolaget L M Ericsson's PE Ratio for today is 0.00.

Telefonaktiebolaget L M Ericsson Forward PE Ratio Historical Data

The historical data trend for Telefonaktiebolaget L M Ericsson's Forward PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Telefonaktiebolaget L M Ericsson Annual Data

Trend

2015-12

2016-12

2017-12

2018-12

2019-12

2020-12

2021-12

2022-12

2023-12

2024-04

Forward PE Ratio

12.25

15.60

36.76

20.75

16.00

15.63

13.97

8.33

11.53

10.14

Telefonaktiebolaget L M Ericsson Quarterly Data
	2015-12	2016-03	2016-06	2016-09	2016-12	2017-03	2017-06	2017-09	2017-12	2018-03	2018-06	2018-09	2018-12	2019-03	2019-06	2019-09	2019-12	2020-03	2020-06	2020-09	2020-12	2021-03	2021-06	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12	2023-03	2023-06	2023-09	2023-12	2024-03
Forward PE Ratio	12.25	11.33	11.68	11.86	15.60	23.31	25.19	20.70	36.76	65.36	63.29	25.58	20.75	22.17	24.04	15.87	16.00	16.42	20.41	16.31	15.63	19.46	17.51	14.31	13.97	10.45	9.68	8.32	8.33	9.19	13.44	8.09	11.53	11.57

Competitive Comparison

For the Communication Equipment subindustry, Telefonaktiebolaget L M Ericsson's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Telefonaktiebolaget L M Ericsson Forward PE Ratio Distribution

For the Hardware industry and Technology sector, Telefonaktiebolaget L M Ericsson's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Telefonaktiebolaget L M Ericsson's Forward PE Ratio falls into.

Telefonaktiebolaget L M Ericsson Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

Telefonaktiebolaget L M Ericsson (OTCPK:ERIXF) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

Telefonaktiebolaget L M Ericsson Forward PE Ratio Related Terms

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Telefonaktiebolaget L M Ericsson (Telefonaktiebolaget L M Ericsson) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Telefonaktiebolaget L M Ericsson (OTCPK:ERIXF) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

ERIC:USA ERIC B:Sweden ERIC A:Sweden ERIC:Mexico 1ERICB:Italy ERICBs:UK 0O87:UK ERIBR:Finland ERCB:Germany E1RI34:Brazil ERIC:Argentina

Address

Torshamnsgatan 21, Kista, Stockholm, SWE, SE-164 83

Website

https://www.ericsson.com

Ericsson provides telecom equipment and services that are primarily used to build and facilitate mobile networks through operations in three segments: networks, cloud and software services, and enterprises. The firm's customers have historically been primarily wireless carriers, but the firm is making a push to cater more to other enterprises as well, both as they try to take advantage of 5G capabilities and on other "as-a-service" communications platforms. The company also licenses its patents to handset manufacturers so their devices are compatible with wireless networks.