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 |
|---|---|---|
| 2021 | 18.5 | -351.34% |
| 2020 | -7.38 | -99.82% |
| 2019 | < -1000 | 4932.49% |
| 2018 | -80.1 | 428.27% |
| 2017 | -15.2 | -55.15% |
| 2016 | -33.8 | -449.51% |
| 2015 | 9.68 | 53.32% |
| 2014 | 6.31 | |
| 2011 | -11.5 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Microsoft MSFT | 28.0 | 97.62% | 🇺🇸 USA |
 Apple AAPL | 23.7 | 67.05% | 🇺🇸 USA |
 Amazon AMZN | 94.5 | 566.59% | 🇺🇸 USA |
 Cisco CSCO | 17.5 | 23.66% | 🇺🇸 USA |
 Motorola Solutions
MSI | 37.1 | 161.72% | 🇺🇸 USA |
 Siemens SIE.DE | 36.2 | 155.62% | 🇩🇪 Germany |
 Ericsson ERIC | 10.7 | -24.61% | 🇸🇪 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.