Valuation Nokia Oyj

Equities

Market Closed - Nasdaq Helsinki Other stock markets 12:00:00 2026-04-16 EDT			5-day change	1st Jan Change
8.592 ^EUR	+0.70%		+6.65%	+54.20%

04-16	Nokia Forms Cybersecurity Partnership With Finland's Cinia	MT
04-16	Ålandsbanken downgrades outlook on Nokia	FW

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	31,473	24,175	16,899	23,017	31,170	48,151	-	-
Change	-	-23.19%	-30.1%	36.2%	35.42%	54.48%	-	-
Enterprise Value (EV) ¹	27,531	19,408	12,576	18,163	27,792	44,704	43,769	42,636
Change	-	-29.51%	-35.2%	44.42%	53.02%	60.86%	-2.09%	-2.59%
P/E ratio	19.2x	5.77x	25.4x	18.6x	46.4x	33.8x	26.7x	23.6x
PBR	1.81x	1.13x	0.82x	1.11x	1.48x	2.21x	2.13x	2.04x
PEG	-	0x	-0.3x	0.2x	-1x	0x	1x	1.8x
Capitalization / Revenue	1.42x	0.97x	0.76x	1.13x	1.57x	2.34x	2.26x	2.18x
EV / Revenue	1.24x	0.78x	0.57x	0.9x	1.4x	2.18x	2.05x	1.93x
EV / EBITDA	7.91x	5.06x	4.04x	5.02x	10.3x	14.1x	12.2x	11.3x
EV / EBIT	9.92x	6.24x	5.3x	6.93x	13.7x	19.1x	16.1x	14.3x
EV / FCF	13.3x	22.2x	18.9x	8.99x	19x	25.3x	21.9x	18.1x
FCF Yield	7.5%	4.5%	5.29%	11.1%	5.27%	3.96%	4.57%	5.54%
Dividend per Share ²	0.08	0.12	0.13	0.14	0.14	0.1443	0.1543	0.1646
Rate of return	1.44%	2.77%	4.26%	3.28%	2.51%	1.68%	1.8%	1.92%
EPS ²	0.29	0.75	0.12	0.23	0.12	0.2544	0.3218	0.3641
Distribution rate	27.6%	16%	108%	60.9%	117%	56.7%	47.9%	45.2%
Net sales ¹	22,202	24,911	22,258	20,279	19,904	20,534	21,350	22,086
EBITDA ¹	3,479	3,838	3,110	3,616	2,699	3,179	3,599	3,774
EBIT ¹	2,775	3,109	2,375	2,619	2,024	2,336	2,724	2,980
Net income ¹	1,623	4,250	665	1,277	651	1,374	1,738	2,033
Net Debt ¹	-3,942	-4,767	-4,323	-4,854	-3,378	-3,447	-4,382	-5,515
Reference price ²	5.574	4.327	3.052	4.274	5.572	8.592	8.592	8.592
Nbr of stocks (in thousands)	5,646,452	5,587,016	5,537,060	5,384,608	5,593,993	5,604,171	-	-
Announcement Date	2/3/22	1/26/23	1/25/24	1/30/25	1/29/26	-	-	-

¹EUR in Million²EUR

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
NOKIA OYJ	33.54x	2.16x	13.96x	1.69%	56.45B
CISCO SYSTEMS, INC.	26.95x	5.45x	14.15x	2.01%	325B
ARISTA NETWORKS, INC.	46.73x	15.77x	33.45x	-.--%	194B
FOXCONN INDUSTRIAL INTERNET CO., LTD.	19.69x	0.79x	14.48x	2.67%	168B
ZHONGJI INNOLIGHT CO., LTD.	34.71x	10.61x	29.79x	0.33%	127B
MOTOROLA SOLUTIONS, INC.	31.64x	6.31x	18.66x	1.11%	73.16B
CIENA CORPORATION	108.6x	10.99x	51.6x	-.--%	67.27B
UBIQUITI INC.	64.87x	-	-	-	60.92B
LUMENTUM HOLDINGS INC.	184.9x	20.83x	65.8x	-.--%	58.83B
GARMIN LTD.	28.38x	6.07x	21.35x	1.55%	51.17B
Average	58.00x	8.78x	29.25x	1.04%	118.24B
Weighted average by Cap.	45.12x	8.18x	24.88x	1.25%