Valuation Nokia Oyj

Equities

Real-time Estimate Tradegate Other stock markets 09:42:02 17/03/2026 GMT			5-day change	1st Jan Change
7.440 ^EUR	-0.64%		+10.22%	+32.81%

03-16	NVIDIA, T-Mobile and Partners Integrate Physical Ai Applications on Ai-Ran-Ready Infrastructure	CI
03-16	European Equities Rise in Monday Trading; BP Gets US Government's Authorization for Gulf of Mexico Project	MT

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	41,955	-	-
Change	-	-23.19%	-30.1%	36.2%	35.42%	34.6%	-	-
Enterprise Value (EV) ¹	27,531	19,408	12,576	18,163	27,792	38,717	37,890	36,924
Change	-	-29.51%	-35.2%	44.42%	53.02%	39.31%	-2.13%	-2.55%
P/E ratio	19.2x	5.77x	25.4x	18.6x	46.4x	30x	23.9x	20.9x
PBR	1.81x	1.13x	0.82x	1.11x	1.48x	1.93x	1.86x	1.79x
PEG	-	0x	-0.3x	0.2x	-1x	0x	0.9x	1.4x
Capitalization / Revenue	1.42x	0.97x	0.76x	1.13x	1.57x	2.05x	1.98x	1.91x
EV / Revenue	1.24x	0.78x	0.57x	0.9x	1.4x	1.89x	1.78x	1.68x
EV / EBITDA	7.91x	5.06x	4.04x	5.02x	10.3x	12.4x	10.8x	9.98x
EV / EBIT	9.92x	6.24x	5.3x	6.93x	13.7x	16.9x	14.2x	12.6x
EV / FCF	13.3x	22.2x	18.9x	8.99x	19x	21.6x	18.9x	15.8x
FCF Yield	7.5%	4.5%	5.29%	11.1%	5.27%	4.62%	5.28%	6.33%
Dividend per Share ²	0.08	0.12	0.13	0.14	0.14	0.1434	0.1541	0.167
Rate of return	1.44%	2.77%	4.26%	3.28%	2.51%	1.92%	2.06%	2.23%
EPS ²	0.29	0.75	0.12	0.23	0.12	0.25	0.313	0.3591
Distribution rate	27.6%	16%	108%	60.9%	117%	57.4%	49.2%	46.5%
Net sales ¹	22,202	24,911	22,258	20,279	19,904	20,475	21,229	21,945
EBITDA ¹	3,479	3,838	3,110	3,616	2,699	3,113	3,508	3,700
EBIT ¹	2,775	3,109	2,375	2,619	2,024	2,291	2,676	2,935
Net income ¹	1,623	4,250	665	1,277	651	1,387	1,731	1,992
Net Debt ¹	-3,942	-4,767	-4,323	-4,854	-3,378	-3,238	-4,065	-5,031
Reference price ²	5.574	4.327	3.052	4.274	5.572	7.488	7.488	7.488
Nbr of stocks (in thousands)	5,646,452	5,587,016	5,537,060	5,384,608	5,593,993	5,602,948	-	-
Announcement Date	03/02/22	26/01/23	25/01/24	30/01/25	29/01/26	-	-	-

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	29.95x	1.89x	12.44x	1.92%	48.17B
CISCO SYSTEMS, INC.	25.82x	5.23x	13.57x	2.09%	312B
ARISTA NETWORKS, INC.	41.13x	13.67x	29.04x	-.--%	170B
FOXCONN INDUSTRIAL INTERNET CO., LTD.	17.75x	0.71x	12.66x	3.19%	152B
ZHONGJI INNOLIGHT CO., LTD.	59.23x	16.45x	46.12x	0.23%	90.51B
MOTOROLA SOLUTIONS, INC.	33.63x	6.68x	19.73x	1.03%	77.99B
CIENA CORPORATION	83.2x	8.43x	39.54x	-.--%	51.45B
UBIQUITI INC.	51.72x	-	-	-	46.95B
GARMIN LTD.	25.07x	5.32x	18.71x	1.76%	45.2B
LUMENTUM HOLDINGS INC.	149.73x	16.09x	50.37x	-.--%	44.61B
Average	51.72x	8.27x	26.91x	1.14%	103.83B
Weighted average by Cap.	40.14x	7.62x	22.72x	1.42%