Nokia Oyj
OMXH:NOKIA

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Nokia Oyj
OMXH:NOKIA
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Price: 4.224 EUR -0.79% Market Closed
Market Cap: 23B EUR
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Relative Value

The Relative Value of one NOKIA stock under the Base Case scenario is 4.862 EUR. Compared to the current market price of 4.224 EUR, Nokia Oyj is Undervalued by 13%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

NOKIA Relative Value
Base Case
4.862 EUR
Undervaluation 13%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

1.2
P/S
P/S
Price to Sales
1.2
vs History
12
vs Industry
61
Median 3Y
1
Median 5Y
1
Industry
2
Forward
1.2
More Details
55.6
P/E
P/E
Price to Earnings
55.6
vs History
9
vs Industry
26
Median 3Y
16.2
Median 5Y
16.2
Industry
28.7
Forward
13
More Details
5.5
P/OCF
P/OCF
Price to OCF
5.5
vs History
95
vs Industry
39
Median 3Y
14
Median 5Y
12.2
Industry
15.5
More Details
8.1
P/FCFE
P/FCFE
Price to FCFE
8.1
vs History
53
vs Industry
21
Median 3Y
14.9
Median 5Y
8.8
Industry
17.1
More Details
1.1
P/B
P/B
Price to Book Value
1.1
vs History
58
vs Industry
62
Median 3Y
1.1
Median 5Y
1.2
Industry
2.2
More Details
0.9
EV/S
EV/S
Enterprise Value to Sales
0.9
vs History
25
vs Industry
64
Median 3Y
0.8
Median 5Y
0.8
Industry
2
Forward
0.9
More Details
2
EV/GP
EV/GP
Enterprise Value to Gross Profit
2
vs History
46
vs Industry
70
Median 3Y
1.9
Median 5Y
2
Industry
6.6
More Details
6.5
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
6.5
vs History
44
vs Industry
46
Median 3Y
5.9
Median 5Y
6.3
Industry
16.1
Forward
5.4
More Details
10.6
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
10.6
vs History
50
vs Industry
39
Median 3Y
9.3
Median 5Y
10.8
Industry
22.9
Forward
7.3
More Details
4.2
EV/OCF
EV/OCF
Enterprise Value to OCF
4.2
vs History
95
vs Industry
41
Median 3Y
11.6
Median 5Y
10.4
Industry
14
More Details
4.7
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
4.7
vs History
82
vs Industry
31
Median 3Y
17.4
Median 5Y
10.7
Industry
14.2
More Details
0.7
EV/IC
EV/IC
Enterprise Value to IC
0.7
vs History
44
vs Industry
71
Median 3Y
0.7
Median 5Y
0.6
Industry
1.8
More Details

Multiples Across Competitors

NOKIA Competitors Multiples
Nokia Oyj Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
FI
Nokia Oyj
OMXH:NOKIA
23B EUR 1.2 55.6 6.5 10.6
US
Cisco Systems Inc
NASDAQ:CSCO
232.6B USD 4.4 24.8 16.9 21.1
US
Arista Networks Inc
NYSE:ANET
142.1B USD 21.5 53.3 47.3 48.3
US
Motorola Solutions Inc
NYSE:MSI
78.4B USD 7.4 50.2 27.3 30.7
SE
Telefonaktiebolaget LM Ericsson
STO:ERIC B
296.9B SEK 1.2 -217.5 9.3 14.3
CN
ZTE Corp
SZSE:000063
178.8B CNY 1.4 19 16.9 16.9
US
Ubiquiti Inc
NYSE:UI
20.8B USD 10.3 53.2 37.7 39.1
CN
Zhongji Innolight Co Ltd
SZSE:300308
142.5B CNY 8.1 36.4 34.1 34.1
US
F5 Inc
NASDAQ:FFIV
14.7B USD 5.2 25.9 17.5 20.4
TW
Accton Technology Corp
TWSE:2345
423.1B TWD 4.5 43.5 31.7 34.6
US
Juniper Networks Inc
NYSE:JNPR
12.3B USD 2.4 49.3 25.5 38.4
P/E Multiple
Earnings Growth P/E to Growth
FI
Nokia Oyj
OMXH:NOKIA
Average P/E: 41.1
55.6
185%
0.3
US
Cisco Systems Inc
NASDAQ:CSCO
24.8
68%
0.4
US
Arista Networks Inc
NYSE:ANET
53.3
77%
0.7
US
Motorola Solutions Inc
NYSE:MSI
50.2
58%
0.9
SE
Telefonaktiebolaget LM Ericsson
STO:ERIC B
Negative Multiple: -217.5 N/A N/A
CN
ZTE Corp
SZSE:000063
19
30%
0.6
US
Ubiquiti Inc
NYSE:UI
53.2
76%
0.7
CN
Zhongji Innolight Co Ltd
SZSE:300308
36.4
381%
0.1
US
F5 Inc
NASDAQ:FFIV
25.9
75%
0.3
TW
Accton Technology Corp
TWSE:2345
43.5
92%
0.5
US
Juniper Networks Inc
NYSE:JNPR
49.3
117%
0.4
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
FI
Nokia Oyj
OMXH:NOKIA
Average EV/EBITDA: 24.6
6.5
29%
0.2
US
Cisco Systems Inc
NASDAQ:CSCO
16.9
46%
0.4
US
Arista Networks Inc
NYSE:ANET
47.3
94%
0.5
US
Motorola Solutions Inc
NYSE:MSI
27.3
48%
0.6
SE
Telefonaktiebolaget LM Ericsson
STO:ERIC B
9.3
30%
0.3
CN
ZTE Corp
SZSE:000063
16.9
73%
0.2
US
Ubiquiti Inc
NYSE:UI
37.7
58%
0.6
CN
Zhongji Innolight Co Ltd
SZSE:300308
34.1
543%
0.1
US
F5 Inc
NASDAQ:FFIV
17.5
53%
0.3
TW
Accton Technology Corp
TWSE:2345
31.7
74%
0.4
US
Juniper Networks Inc
NYSE:JNPR
25.5
36%
0.7

See Also

Summary
NOKIA intrinsic value, competitors valuation, and company profile.
DCF Valuation
NOKIA stock valuation using Discount Cash Flow valuation method.
Relative Valuation
NOKIA stock valuation using valuation multiples.
Wall Street Estimates
NOKIA price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
NOKIA stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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