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The Screen · Technology · Communication Equipment
Telefonaktiebolaget L M Ericsson ADR
ERIC · NASDAQ · USD · Market cap $30.1B · 87,521 employees
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 E…
Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical passes the values gate
Price9.22 USD
Fair value7.26
Ethical score70.0/100
Our investment reviews on this name
2026-10-02Read Markdown9.22+0.0% to today
2026-08-28Read Accumulation10.38-11.2% to today
2026-07-02Read Markup12.28-25.0% to today
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Telefonaktiebolaget L M Ericsson ADR holds its Distribution at $9.22. The statistical read favours the buyers, held for 26 days.
As held on the ledger · 2026-10-01
Phase
Distribution · caution
Quantitative state
The statistical read favours the buyers, held for 26 days
Price at the screen
$9.22
Valuation
12.45 trailing · 15.04 forward price to earnings
Values screen
PASS· score 70.0
Beta
0.51
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
14.42%
Below 33%
Interest-bearing debt is just 14.4% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
16.26%
Below 33%
Cash held in interest-bearing accounts and securities is 16.3% of assets, under the one-third limit.
Pass
Receivables
30.17%
Below 49%
Money owed to the company is 30.2% of assets, under the 49% limit.
Pass
Revenue purity
0.98%
Below 5%
Only 1.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Clears, in Plain English
Telefonaktiebolaget L M Ericsson clears all five screens. Its business is in a permissible area, its interest-bearing debt is about 14%, inside the ~33% line, and almost none of its income is interest, so it passes.
Read as at 2026-10-04. It updates when the underlying figures move, and past reads are kept below.
Fair value range in USD, drawn from the 2026-10-01 screen. The gold marker is the market price at the same screen. The price runs 21.2% above the base estimate.
Third-party analyst targets: 6 covering, consensus Underperform. The average target sits −2% from the screen price.
Reading the gap · Both our model and the Street see limited upside at this price.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-10-01 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Ericsson networks the calls, yet sales keep shrinking
Think of Ericsson as the firm that keeps phone signals flowing across continents. Every time a call connects in Lagos or a 5G tower lights up in Stockholm, its kit is often in the middle. Yet revenue is falling 6 percent and the shares sit 22 percent above our fair value of 7.65 dollars, which is why the opportunity rating is none.
The business earns an 11 percent profit margin and posts a healthy 26 percent return on equity, while clearing our ethical screen. A narrow moat and a 15.8 times forward multiple, however, leave little room for error when growth is negative and six analysts carry an underperform consensus with a 10 dollar median target.
Risk sits with further revenue pressure and a competitive equipment market that can quickly erode margins. Currency swings from its Swedish base add another layer of volatility. Analysis, not advice.
The risks · The things to watch: its business and earnings are exposed to Sweden and to currency swings.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
ERIC trades on NASDAQ (the company is based in Sweden). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-10-02Markdown · changed$9.22-11.2%Entry 6
The framework has shifted from accumulation to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 11.2% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it A, carrying a low risk profile. Technically it is holding around 32% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 42%. Our forward projection puts the odds of a 10% gain over the next month near 33%. The street (6 analysts) rates it underperform, with a mean price target of $10.
The framework has shifted from markup to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 5.7% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it A, carrying a low risk profile. Technically it is holding around 32% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 42%. Our forward projection puts the odds of a 10% gain over the next month near 33%. The street (6 analysts) rates it underperform, with a mean price target of $10.
2026-07-27Markup$9.82-20.0%Entry 4
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 20.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 32% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 42%. Our forward projection puts the odds of a 10% gain over the next month near 33%. The street (6 analysts) rates it underperform, with a mean price target of $10.
2026-07-18Markup$12.28+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 32% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 42%. Our forward projection puts the odds of a 10% gain over the next month near 33%. The street (6 analysts) rates it underperform, with a mean price target of $10.
2026-07-03Markup$12.28+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Markup$12.28Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
