It contains the following runic text: ᚢᛒᚨᛉ...ubazᚺᛁᛏᛖhite᛬÷ᚺᚨᚱᚨᛒᚨᚾᚨᛉh=arabana=z¶¶ᚺᚨᛁᛏh=ait...¶¶ᛖᚲekᛖᚱᛁᛚᚨᛉe=rilazᚱᚢᚾᛟᛉrunozᚹᚨᚱᛁᛏᚢwarituᚢᛒᚨᛉ ᚺᛁᛏᛖ ᛬ ᚺᚨᚱᚨᛒᚨᚾᚨᛉ ¶ ᚺᚨᛁᛏ ¶ ᛖᚲ ᛖᚱᛁᛚᚨᛉ ᚱᚢᚾᛟᛉ ᚹᚨᚱᛁᛏᚢ...ubaz hite ÷ h=arabana=z ¶ h=ait... ¶ ek e=rilaz runoz warituLeubaz am I called.

If the name is preserved, it was likely the man's name Ubaz (owl), but many assume that the name was Leubaz (pleasant), which is a name element known from another migration age runestone in Skärkind, Östergötland, that is designated as Ög 171.

In addition, the size of the last line of the text is smaller than the main section and "write the runes" is in a curved, serpentine fashion.

According to a tradition from the 18th century, the older form of the name Järsberg was Jarlsberg ("Earl's hill"), and the monuments in the vicinity were remainders of the old earldom.

Moreover, according to older information there was an additional stone circle at a small distance to the south of the field where the runestone is raised.

The disappearance of the monuments convinced many scholars that the Järsberg runestone had been erected on a tumulus and several interpretations of the inscription have made this assumption.

[4] In order to arrive at a definitive conclusion, the Swedish National Heritage Board made an excavation in 1975, but no traces of any graves could be found.

The Swedish author Jan Andersson has written a novel Jag, Herulen: En värmländsk historia about the making of the stone.

The book is based on the theory that Erilaz refers to the Heruli, a Germanic tribe which Procopius reported had returned to Scandinavia.