Nokia
NOK
#937
Rank
$19.96 B
Marketcap
$3.60
Share price
1.69%
Change (1 day)
-22.91%
Change (1 year)

P/E ratio for Nokia (NOK)

P/E ratio as of March 2024 (TTM): 4.86

According to Nokia's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.86287. 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
20225.83-68.53%
202118.5-351.34%
2020-7.38-99.82%
2019< -10004932.49%
2018-80.1428.27%
2017-15.2-48%
2016-29.2-401.45%
20159.6853.32%
20146.31-116.23%
2013-38.9965.1%
2012-3.65-68.13%
2011-11.5-172.36%
201015.8-52.07%
200933.0237.46%
20089.79-34.06%
200714.8-1.88%
200615.1-17.65%
200518.44.66%
200417.6-9.18%
200319.3-3.76%
200220.1-59.82%
200150.0

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
38.0 680.75%๐Ÿ‡บ๐Ÿ‡ธ USA
26.8 451.69%๐Ÿ‡บ๐Ÿ‡ธ USA
91.8 1,786.75%๐Ÿ‡บ๐Ÿ‡ธ USA
16.1 231.22%๐Ÿ‡บ๐Ÿ‡ธ USA
34.8 614.60%๐Ÿ‡บ๐Ÿ‡ธ USA
16.2 232.23%๐Ÿ‡ฉ๐Ÿ‡ช Germany
-8.57-276.13%๐Ÿ‡ธ๐Ÿ‡ช 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.