Telefonaktiebolaget LM Ericsson (publ)ERIC

Where ERIC's P/B sits inside its own 10-year distribution, with the yearly high, low and average.

$11.14+0.07 (+0.63%)Previous close
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ERIC P/B: current value, 10-year range and year-by-year history

P/B History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
ERIC P/B historyERIC P/B from Oct 2023 to Sep 2026: low 1.53, high 4.19, latest 2.97.1.312.092.863.634.4Oct 23May 24Dec 24Jul 25Mar 26Sep 26med 3

ERIC P/B by year

Yearly range of ERIC’s p/b from 2016 to 2026. Over the full period it ranged from 1.1 to 4.6, averaging 2.7.

ERIC P/B — yearly low, average, high and year-end values
YearLowAverageHighYear-end
20262.63.34.23.0
20252.53.03.52.7
20241.62.63.63.2
20231.31.52.02.0
20221.42.33.61.5
20213.13.94.63.1
20202.53.84.53.9
20192.83.43.83.5
20181.82.42.92.9
20171.21.51.81.7
20161.11.21.31.3

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How much the market pays relative to the company's accounting net worth (assets minus liabilities). P/B < 1 means the market values the company below what the books say it owns.

FormulaPrice / Book Value Per Share
Full guide
How to read this chart

Most useful for asset-heavy businesses: banks, insurers, REITs. A P/B near its historical low suggests the market is paying unusually little for the net assets.

Key caveats
  • Goodwill and intangibles from acquisitions can inflate book value significantly — some analysts prefer tangible book value.
  • Low P/B in technology or software companies is usually irrelevant: their value is in IP and people, not balance sheet assets.
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