P/E ratio for Nokia (NOK)
P/E ratio as of June 2024 (TTM): 5.20
According to Nokia's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.20057. At the end of 2022 the company had a P/E ratio of 5.83.
P/E ratio history for Nokia from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 5.83 | -68.53% |
| 2021 | 18.5 | -351.34% |
| 2020 | -7.38 | -99.82% |
| 2019 | < -1000 | 4932.49% |
| 2018 | -80.1 | 428.27% |
| 2017 | -15.2 | -48% |
| 2016 | -29.2 | -401.45% |
| 2015 | 9.68 | 53.32% |
| 2014 | 6.31 | -116.23% |
| 2013 | -38.9 | 965.1% |
| 2012 | -3.65 | -68.13% |
| 2011 | -11.5 | -172.36% |
| 2010 | 15.8 | -52.07% |
| 2009 | 33.0 | 237.46% |
| 2008 | 9.79 | -34.06% |
| 2007 | 14.8 | -1.88% |
| 2006 | 15.1 | -17.65% |
| 2005 | 18.4 | 4.66% |
| 2004 | 17.6 | -9.18% |
| 2003 | 19.3 | -3.76% |
| 2002 | 20.1 | -59.82% |
| 2001 | 50.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Microsoft MSFT | 35.8 | 587.97% | 🇺🇸 USA |
 Apple AAPL | 29.6 | 469.39% | 🇺🇸 USA |
 Amazon AMZN | 91.5 | 1,659.23% | 🇺🇸 USA |
 Cisco CSCO | 14.9 | 187.00% | 🇺🇸 USA |
 Motorola Solutions
MSI | 35.4 | 580.07% | 🇺🇸 USA |
 Siemens SIE.DE | 16.1 | 209.48% | 🇩🇪 Germany |
 Ericsson ERIC | -9.40 | -280.84% | 🇸🇪 Sweden |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.