Telefonaktiebolaget LM Ericsson (publ) (ERIC-B) - Net Assets
Based on the latest financial reports, Telefonaktiebolaget LM Ericsson (publ) (ERIC-B) has net assets worth Skr102.49 Billion SEK (≈ $11.03 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr282.48 Billion ≈ $30.40 Billion USD) and total liabilities (Skr179.98 Billion ≈ $19.37 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Telefonaktiebolaget LM Ericsson (publ) (ERIC-B) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Skr102.49 Billion |
| % of Total Assets | 36.28% |
| Annual Growth Rate | 6.92% |
| 5-Year Change | 9.16% |
| 10-Year Change | -36.9% |
| Growth Volatility | 519.11 |
Telefonaktiebolaget LM Ericsson (publ) - Net Assets Trend (1986–2024)
This chart illustrates how Telefonaktiebolaget LM Ericsson (publ)'s net assets have evolved over time, based on quarterly financial data. Also explore ERIC-B asset base for the complete picture of this company's asset base.
Annual Net Assets for Telefonaktiebolaget LM Ericsson (publ) (1986–2024)
The table below shows the annual net assets of Telefonaktiebolaget LM Ericsson (publ) from 1986 to 2024. For live valuation and market cap data, see market cap of Telefonaktiebolaget LM Ericsson (publ).
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | Skr92.98 Billion ≈ $10.01 Billion |
-4.54% |
| 2023-12-31 | Skr97.41 Billion ≈ $10.48 Billion |
-26.93% |
| 2022-12-31 | Skr133.30 Billion ≈ $14.35 Billion |
+24.47% |
| 2021-12-31 | Skr107.10 Billion ≈ $11.53 Billion |
+25.74% |
| 2020-12-31 | Skr85.18 Billion ≈ $9.17 Billion |
+4.03% |
| 2019-12-31 | Skr81.88 Billion ≈ $8.81 Billion |
-6.71% |
| 2018-12-31 | Skr87.77 Billion ≈ $9.45 Billion |
-12.38% |
| 2017-12-31 | Skr100.18 Billion ≈ $10.78 Billion |
-28.70% |
| 2016-12-31 | Skr140.49 Billion ≈ $15.12 Billion |
-4.66% |
| 2015-12-31 | Skr147.37 Billion ≈ $15.86 Billion |
+1.42% |
| 2014-12-31 | Skr145.31 Billion ≈ $15.64 Billion |
+2.60% |
| 2013-12-31 | Skr141.62 Billion ≈ $15.24 Billion |
+2.27% |
| 2012-12-31 | Skr138.48 Billion ≈ $14.90 Billion |
-4.67% |
| 2011-12-31 | Skr145.27 Billion ≈ $15.63 Billion |
-1.03% |
| 2010-12-31 | Skr146.78 Billion ≈ $15.80 Billion |
+3245.25% |
| 2009-12-31 | Skr4.39 Billion ≈ $472.20 Million |
-96.91% |
| 2008-12-31 | Skr142.08 Billion ≈ $15.29 Billion |
+5.02% |
| 2007-12-31 | Skr135.29 Billion ≈ $14.56 Billion |
+12.23% |
| 2006-12-31 | Skr120.54 Billion ≈ $12.97 Billion |
+14.31% |
| 2005-12-31 | Skr105.45 Billion ≈ $11.35 Billion |
+33.69% |
| 2004-12-31 | Skr78.88 Billion ≈ $8.49 Billion |
+25.75% |
| 2003-12-31 | Skr62.73 Billion ≈ $6.75 Billion |
-17.72% |
| 2002-12-31 | Skr76.24 Billion ≈ $8.20 Billion |
+5.76% |
| 2001-12-31 | Skr72.09 Billion ≈ $7.76 Billion |
-24.23% |
| 2000-12-31 | Skr95.13 Billion ≈ $10.24 Billion |
+33.45% |
| 1999-12-31 | Skr71.28 Billion ≈ $7.67 Billion |
+9.31% |
| 1998-12-31 | Skr65.21 Billion ≈ $7.02 Billion |
+13.80% |
| 1997-12-31 | Skr57.30 Billion ≈ $6.17 Billion |
+30.71% |
| 1996-12-31 | Skr43.84 Billion ≈ $4.72 Billion |
+22.87% |
| 1995-12-31 | Skr35.68 Billion ≈ $3.84 Billion |
+42.38% |
| 1994-12-31 | Skr25.06 Billion ≈ $2.70 Billion |
+7.54% |
| 1993-12-31 | Skr23.30 Billion ≈ $2.51 Billion |
+21.24% |
| 1992-12-31 | Skr19.22 Billion ≈ $2.07 Billion |
+1.54% |
| 1991-12-31 | Skr18.93 Billion ≈ $2.04 Billion |
+13.53% |
| 1990-12-31 | Skr16.67 Billion ≈ $1.79 Billion |
+52.31% |
| 1989-12-31 | Skr10.95 Billion ≈ $1.18 Billion |
+26.56% |
| 1988-12-31 | Skr8.65 Billion ≈ $930.85 Million |
+15.41% |
| 1987-12-31 | Skr7.50 Billion ≈ $806.58 Million |
+2.34% |
| 1986-12-31 | Skr7.32 Billion ≈ $788.13 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Telefonaktiebolaget LM Ericsson (publ)'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 4368.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Skr42.30 Billion | 44.86% |
| Common Stock | Skr16.74 Billion | 17.76% |
| Other Comprehensive Income | Skr10.52 Billion | 11.15% |
| Other Components | Skr24.73 Billion | 26.23% |
| Total Equity | Skr94.28 Billion | 100.00% |
Telefonaktiebolaget LM Ericsson (publ) Competitors by Market Cap
The table below lists competitors of Telefonaktiebolaget LM Ericsson (publ) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EMCOR Group Inc
NYSE:EME
|
$35.85 Billion |
|
CHINA PAC.IN.GR.GDR/5 YC1
F:75CB
|
$35.85 Billion |
|
Interactive Brokers Group Inc
NASDAQ:IBKR
|
$35.85 Billion |
|
Keysight Technologies Inc
NYSE:KEYS
|
$35.96 Billion |
|
Nucor Corp
NYSE:NUE
|
$35.76 Billion |
|
Nutrien Ltd
TO:NTR
|
$35.75 Billion |
|
Muyuan Foodstuff Co Ltd
SHE:002714
|
$35.73 Billion |
|
Las Vegas Sands Corp
NYSE:LVS
|
$35.70 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Telefonaktiebolaget LM Ericsson (publ)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 98,673,000,000 to 94,284,000,000, a change of -4,389,000,000 (-4.4%).
- Net income of 20,000,000 contributed positively to equity growth.
- Dividend payments of 9,233,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 3,756,000,000.
- Other factors increased equity by 1,068,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Skr20.00 Million | +0.02% |
| Dividends Paid | Skr9.23 Billion | -9.79% |
| Other Comprehensive Income | Skr3.76 Billion | +3.98% |
| Other Changes | Skr1.07 Billion | +1.13% |
| Total Change | Skr- | -4.45% |
Book Value vs Market Value Analysis
This analysis compares Telefonaktiebolaget LM Ericsson (publ)'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.84x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 20.57x to 3.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-12-31 | Skr5.27 | Skr108.35 | x |
| 1987-12-31 | Skr5.87 | Skr108.35 | x |
| 1988-12-31 | Skr6.05 | Skr108.35 | x |
| 1989-12-31 | Skr7.87 | Skr108.35 | x |
| 1990-12-31 | Skr10.89 | Skr108.35 | x |
| 1991-12-31 | Skr10.55 | Skr108.35 | x |
| 1992-12-31 | Skr12.87 | Skr108.35 | x |
| 1993-12-31 | Skr15.66 | Skr108.35 | x |
| 1994-12-31 | Skr19.72 | Skr108.35 | x |
| 1995-12-31 | Skr22.97 | Skr108.35 | x |
| 1996-12-31 | Skr25.63 | Skr108.35 | x |
| 1997-12-31 | Skr33.48 | Skr108.35 | x |
| 1998-12-31 | Skr39.54 | Skr108.35 | x |
| 1999-12-31 | Skr43.77 | Skr108.35 | x |
| 2000-12-31 | Skr58.15 | Skr108.35 | x |
| 2001-12-31 | Skr43.32 | Skr108.35 | x |
| 2002-12-31 | Skr29.08 | Skr108.35 | x |
| 2003-12-31 | Skr19.07 | Skr108.35 | x |
| 2004-12-31 | Skr24.58 | Skr108.35 | x |
| 2005-12-31 | Skr33.01 | Skr108.35 | x |
| 2006-12-31 | Skr37.73 | Skr108.35 | x |
| 2007-12-31 | Skr42.08 | Skr108.35 | x |
| 2008-12-31 | Skr43.97 | Skr108.35 | x |
| 2009-12-31 | Skr1.23 | Skr108.35 | x |
| 2010-12-31 | Skr44.98 | Skr108.35 | x |
| 2011-12-31 | Skr44.26 | Skr108.35 | x |
| 2012-12-31 | Skr42.16 | Skr108.35 | x |
| 2013-12-31 | Skr43.05 | Skr108.35 | x |
| 2014-12-31 | Skr44.13 | Skr108.35 | x |
| 2015-12-31 | Skr43.32 | Skr108.35 | x |
| 2016-12-31 | Skr42.33 | Skr108.35 | x |
| 2017-12-31 | Skr30.01 | Skr108.35 | x |
| 2018-12-31 | Skr26.21 | Skr108.35 | x |
| 2019-12-31 | Skr24.87 | Skr108.35 | x |
| 2020-12-31 | Skr26.06 | Skr108.35 | x |
| 2021-12-31 | Skr32.65 | Skr108.35 | x |
| 2022-12-31 | Skr40.44 | Skr108.35 | x |
| 2023-12-31 | Skr29.63 | Skr108.35 | x |
| 2024-12-31 | Skr28.24 | Skr108.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Telefonaktiebolaget LM Ericsson (publ) utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.01%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 3.10x
- Recent ROE (0.02%) is below the historical average (1.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 7.72% | 1.74% | 0.94x | 4.69x | Skr-167.34 Million |
| 1987 | 9.84% | 2.22% | 1.00x | 4.46x | Skr-11.79 Million |
| 1988 | 15.22% | 4.13% | 0.92x | 4.01x | Skr451.17 Million |
| 1989 | 16.71% | 4.66% | 0.97x | 3.70x | Skr734.44 Million |
| 1990 | 20.59% | 7.39% | 0.99x | 2.82x | Skr1.77 Billion |
| 1991 | 5.28% | 1.93% | 0.92x | 2.96x | Skr-796.42 Million |
| 1992 | 2.75% | 1.02% | 0.84x | 3.22x | Skr-1.26 Billion |
| 1993 | 13.31% | 4.46% | 0.94x | 3.17x | Skr704.64 Million |
| 1994 | 16.95% | 4.68% | 1.16x | 3.13x | Skr1.62 Billion |
| 1995 | 15.87% | 5.46% | 1.10x | 2.65x | Skr1.99 Billion |
| 1996 | 17.57% | 5.65% | 1.12x | 2.77x | Skr3.06 Billion |
| 1997 | 22.70% | 7.12% | 1.14x | 2.80x | Skr6.72 Billion |
| 1998 | 20.66% | 7.07% | 1.10x | 2.65x | Skr6.73 Billion |
| 1999 | 17.54% | 5.63% | 1.06x | 2.93x | Skr5.21 Billion |
| 2000 | 22.92% | 7.68% | 1.09x | 2.73x | Skr11.93 Billion |
| 2001 | -31.01% | -9.17% | 0.93x | 3.65x | Skr-28.11 Billion |
| 2002 | -25.83% | -13.04% | 0.70x | 2.83x | Skr-26.43 Billion |
| 2003 | -17.93% | -9.21% | 0.65x | 3.02x | Skr-16.88 Billion |
| 2004 | 24.61% | 14.41% | 0.72x | 2.37x | Skr11.37 Billion |
| 2005 | 23.23% | 16.02% | 0.73x | 2.00x | Skr13.84 Billion |
| 2006 | 21.86% | 14.77% | 0.83x | 1.79x | Skr14.20 Billion |
| 2007 | 16.28% | 11.63% | 0.77x | 1.83x | Skr8.44 Billion |
| 2008 | 8.01% | 5.40% | 0.73x | 2.03x | Skr-2.81 Billion |
| 2009 | -219.42% | -12.32% | 2.08x | 8.56x | Skr-8.96 Billion |
| 2010 | 7.68% | 5.48% | 0.72x | 1.94x | Skr-3.36 Billion |
| 2011 | 8.52% | 5.37% | 0.81x | 1.96x | Skr-2.12 Billion |
| 2012 | 4.22% | 2.54% | 0.83x | 2.01x | Skr-7.91 Billion |
| 2013 | 8.56% | 5.28% | 0.84x | 1.92x | Skr-2.02 Billion |
| 2014 | 8.02% | 5.07% | 0.78x | 2.03x | Skr-2.86 Billion |
| 2015 | 9.25% | 5.49% | 0.87x | 1.94x | Skr-1.10 Billion |
| 2016 | 1.23% | 0.77% | 0.79x | 2.03x | Skr-12.27 Billion |
| 2017 | -35.37% | -17.49% | 0.77x | 2.62x | Skr-45.16 Billion |
| 2018 | -7.51% | -3.10% | 0.78x | 3.09x | Skr-15.23 Billion |
| 2019 | 2.69% | 0.98% | 0.82x | 3.35x | Skr-6.03 Billion |
| 2020 | 20.17% | 7.52% | 0.86x | 3.13x | Skr8.82 Billion |
| 2021 | 20.86% | 9.77% | 0.76x | 2.81x | Skr11.82 Billion |
| 2022 | 13.89% | 6.90% | 0.78x | 2.59x | Skr5.24 Billion |
| 2023 | -26.80% | -10.04% | 0.85x | 3.14x | Skr-36.31 Billion |
| 2024 | 0.02% | 0.01% | 0.85x | 3.10x | Skr-9.41 Billion |
Industry Comparison
This section compares Telefonaktiebolaget LM Ericsson (publ)'s net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $835,988,988
- Average return on equity (ROE) among peers: -37.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Telefonaktiebolaget LM Ericsson (publ) (ERIC-B) | Skr102.49 Billion | 7.72% | 1.76x | $35.81 Billion |
| Alcadon Group AB (ALCA) | $59.98 Million | 37.34% | 3.20x | $85.73 Million |
| DORO AB (DORO) | $287.00 Million | 21.11% | 1.61x | $105.09 Million |
| Ependion AB (EPEN) | $688.68 Million | 9.43% | 1.97x | $436.84 Million |
| Telefonaktiebolaget LM Ericsson (publ) (ERIC-A) | $4.39 Billion | -195.33% | 6.62x | $3.06 Billion |
| Gapwaves AB Series B (GAPW-B) | $79.95 Million | -55.01% | 0.18x | $33.38 Million |
| Hitech & Development Wireless Sweden Holding AB (publ) (HDW-B) | $4.68 Million | 5.27% | 3.71x | $588.92K |
| HMS Networks AB (publ) (HMS) | $342.06 Million | 15.25% | 0.22x | $2.91 Billion |
| Hexatronic Group AB (HTRO) | $1.65 Billion | 15.36% | 1.86x | $843.81 Million |
| InCoax Networks AB (INCOAX) | $26.18 Million | -188.34% | 0.56x | $10.06 Million |
About Telefonaktiebolaget LM Ericsson (publ)
Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions to communications service providers, enterprises, and the public sector. It operates through Networks; Cloud Software and Services; Enterprise; and Other segments. The Networks segment offers hardware and software solutions, and related service offerings. This segment also provides radio… Read more