Telefonaktiebolaget LM Ericsson (publ)

kr 102.20As of Sun 8 Nov 2026, 12:00 UTC

STO:ERIC-BTechnology

Country Sweden

PE (Fwd) •••

TSR 10Y CAGR 11.85%

Div yield 2.94%

ROE 18.09%

Communication Equipment

Beta (5Y) 0.49

PE TTM 17.56

TSR TTM 9.94%

Mkt cap kr 332.2B

ROIC 26.09%

SE Grade™

—

Value

Quality

Moat

Consensus

Reference

kr 112

9.47%

103.68%

Hold 5|5|6|0|11

TTM

FYE 31 Dec SEK

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

15.68

Revenuekr B

36.75

39.39

42.25

43.69

46.29

47.45

49.20

51.16

54.31

58.06

17.13

4.63%

5.25%

9.15

Revenue growth%

21.04

22.06

22.98

25.03

27.42

29.12

32.11

29.38

26.46

23.49

26.61

29.12

25.75

3.73

Gross margin%

14.61

14.27

15.81

17.99

20.24

20.17

23.08

23.26

22.28

19.40

3.77

22.28

19.79

18.26

Operating margin%

11.80

8.84

6.04

4.07

4.14

1.19

0.40

11.11

0.40

2.63

6.18

Net margin%

21.71

22.71

25.13

24.70

24.82

26.02

23.59

25.04

27.66

25.54

24.47

25.54

24.93

30.69

P/E ratio (avg)x

22.17

23.02

24.48

25.85

25.37

24.70

24.45

27.93

30.96

30.85

34.57

27.93

25.04

18.80

EV/EBITx

9.878

9.265

9.513

8.730

9.865

10.37

10.59

10.15

10.20

9.586

16.74

10.20

9.871

22.83

FCF yield (avg)%

16.97

16.04

13.44

13.17

15.38

14.75

15.90

14.19

11.92

11.98

6.67

14.19

14.47

12.49

FCF margin%

28.37

28.14

30.79

31.89

34.05

33.98

31.43

33.71

32.98

33.19

13.03

33.19

32.44

1.614

FCF / Net incomex

0.508

0.497

0.524

0.603

0.617

0.602

0.569

0.648

0.678

0.645

0.703

0.645

0.603

16.10

ROIC%

7.27

8.15

5.43

6.23

3.37

3.64

5.11

8.06

9.32

8.08

29.24

8.06

6.75

17.81

Return on equity%

15.29

12.78

12.69

14.58

14.10

16.74

19.60

19.34

21.59

20.09

13.22

19.60

16.02

26.62

Return on assets%

7.85

9.18

7.19

5.46

6.40

5.51

4.92

6.14

9.13

11.69

5.54

6.14

6.79

10.08

EPSkr

7.33

7.00

8.23

9.25

10.86

11.20

11.76

12.49

14.78

16.12

10.65

8.23%

8.00%

—

2.57

EPS growth%

25.41

27.34

29.83

31.71

32.67

32.94

31.18

31.13

32.24

31.62

4.95

31.62

31.40

1.74

Bookvalue per shkr

4.53

4.65

4.11

4.28

4.79

5.10

4.60

4.28

3.90

4.02

9.78

(3.42%)

(0.66%)

—

10.80

FCF per sharekr

2.52

2.85

3.08

2.89

3.17

3.62

3.33

3.07

3.33

3.06

9.10

(0.70%)

1.47%

—

8.76

Dividend per shkr

3.70

3.26

3.10

2.96

2.95

3.12

3.45

3.74

3.26

3.58

7.66

3.99%

(0.32%)

—

5.02

Div yield (avg)%

7.14

9.02

11.58

9.37

10.12

9.39

6.46

3.69

5.79

5.90

6.26

5.90

8.08

11.11

Payout ratio%

13.62

15.77

14.66

11.88

10.96

12.69

13.80

10.95

11.96

13.37

6.66

12.69

13.03

3.226

Shares (diluted)B

4.323

4.505

4.635

4.943

5.467

5.604

5.819

6.326

7.088

6.960

3.193

4.95%

6.16%

12.39

Buyback yield%

19.54

19.76

21.37

18.40

15.88

15.56

18.30

19.03

20.84

17.89

4.13

18.30

18.71

1.726

D/E ratiox

1.716

1.834

1.812

1.990

2.184

2.301

2.593

2.733

2.641

2.462

0.979

2.593

2.243

20.75

Enterprise valuekr B

26.28

24.24

22.13

24.25

24.21

22.68

21.40

20.84

22.12

22.58

39.12

(1.38%)

(1.81%)

66.06

LT debtkr B

10.39

9.717

10.71

10.84

10.26

9.629

9.800

9.436

8.584

8.693

61.74

(3.27%)

(2.10%)

Peers (US$33.59B)

Cap (US$)

Hexagon AB (publ)

29.12B

25.06x

Telia Company AB (publ)

19.52B

36.50x

HMS Networks AB (publ)

2.386B

42.68x

Ciena Corporation

34.51B

54.39x

Capital

TTM

10Y

Leveragex

0.943

(1.324)

(0.902)

EBIT/Intx

0.773

2.625

2.507

Own earn%

102.20

(82.33)

(83.87)

Sh yield%

17.41

24.76

26.32

Owners

Insiders/Inst%

14.96

83.88

Short interest%

0.62

SBC / revenue%

5.06

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

0–12

$1 testx

0.0

Incr. ROIC%

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions to communications service providers, enterprises, and the public sector in the Americas, Europe, the Middle East, Africa, Northeast Asia, Southeast Asia, Oceania, and India. It operates through Networks; Cloud Software and Services; Enterprise; and Other segments.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

kr 58.06B

5.25%

1.00×

Cost of revenue

kr 36.17B

5.29%

1.00×

Operating expenses

kr 5.800B

5.29%

1.00×