Nokia
NOK
#651
Rank
$27.49 B
Marketcap
$4.86
Share price
2.10%
Change (1 day)
-18.18%
Change (1 year)

P/E ratio for Nokia (NOK)

P/E ratio as of February 2023 (TTM): 14.2

According to Nokia's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.1791. At the end of 2021 the company had a P/E ratio of 18.5.

P/E ratio history for Nokia from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202118.5-351.34%
2020-7.38-99.82%
2019< -10004932.49%
2018-80.1428.27%
2017-15.2-55.15%
2016-33.8-449.51%
20159.6853.32%
20146.31
2011-11.5

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
28.0 97.62%๐Ÿ‡บ๐Ÿ‡ธ USA
23.7 67.05%๐Ÿ‡บ๐Ÿ‡ธ USA
94.5 566.59%๐Ÿ‡บ๐Ÿ‡ธ USA
17.5 23.66%๐Ÿ‡บ๐Ÿ‡ธ USA
37.1 161.72%๐Ÿ‡บ๐Ÿ‡ธ USA
36.2 155.62%๐Ÿ‡ฉ๐Ÿ‡ช Germany
10.7-24.61%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.