ERIC
9/9 ScoreTelefonaktiebolaget LM Ericsson (publ)
Analysis Date: February 16, 2026
Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides communication infrastructure, services, and software solutions to the telecom and other sectors. It operates through four segments: Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks segment offers radio access network solutions for various network spectrum bands, including integrated high-performing hardware and software. This segment also provides integrated antenna and transport solutions; and a range of service portfolio covering network deployment and support. The Digital Services segment offers software-based solutions for business support systems, operational support systems, communication services, core networks, and cloud infrastructure. The Managed Services segment provides networks and IT managed, network design and optimization, and application development and maintenance services to telecom operators. The Emerging Business and Other segment includes emerging businesses comprising Internet of Things; iconectiv; Cradlepoint that offers wireless edge WAN 4G and 5G enterprise solutions; and Red Bee Media, MediaKind, and other new businesses. It operates in North America, Europe and Latin America, the Middle East and Africa, South East Asia, Oceania, India, North East Asia, and internationally. Telefonaktiebolaget LM Ericsson (publ) was founded in 1876 and is headquartered in Stockholm, Sweden.
Buffettology Criteria
All 9 of 9 criteria passed
High ROE
Return on Equity > 12%
Value: 29.6%
High ROIC
Return on Invested Capital > 9%
Value: 14.0%
Cash Machine
FCF / Assets > 5%
Value: 10.2%
Fair Valuation
Earnings Yield > 3.5%
Value: 8.7%
Share Buybacks
Share Count is Dropping
Value: 0.0%
Defensible Moat
Gross Profit Margin > 40%
Value: 48.1%
Simple Business
Not in a speculative sector (e.g., Biotech)
Value: Technology
Conservative Debt
Debt to Equity < 1.5
Value: 0.42x
Consistent Growth
5-Year Growth is Positive
Value: 71.1%
Analysis Summary
Ericsson appears to be a business that understands how to put capital to work effectively, evidenced by its strong ROE and ROIC. The company sports a healthy balance sheet and a durable moat, which gives us confidence it can navigate the ever-changing technological landscape. While consistent growth is a positive sign, we'll be keeping an eye on the cash conversion to ensure it remains robust over the long haul.
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