NOK Relative Valuation
NOK's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, NOK is overvalued; if below, it's undervalued.
Historical Valuation
Nokia Oyj (NOK) is now in the Fair zone, suggesting that its current forward PE ratio of 16.28 is considered Fairly compared with the five-year average of 11.94. The fair price of Nokia Oyj (NOK) is between 5.61 to 7.85 according to relative valuation methord.
Relative Value
Fair Zone
5.61-7.85
Current Price：6.17
Fair
17.15
PE
1Y
3Y
5Y
Trailing
Forward
9.31
EV/EBITDA
Nokia Oyj. (NOK) has a current EV/EBITDA of 9.31. The 5-year average EV/EBITDA is 6.23. The thresholds are as follows: Strongly Undervalued below 3.80, Undervalued between 3.80 and 5.02, Fairly Valued between 7.45 and 5.02, Overvalued between 7.45 and 8.67, and Strongly Overvalued above 8.67. The current Forward EV/EBITDA of 9.31 falls within the Strongly Overvalued range.
11.96
EV/EBIT
Nokia Oyj. (NOK) has a current EV/EBIT of 11.96. The 5-year average EV/EBIT is 8.20. The thresholds are as follows: Strongly Undervalued below 4.91, Undervalued between 4.91 and 6.56, Fairly Valued between 9.84 and 6.56, Overvalued between 9.84 and 11.49, and Strongly Overvalued above 11.49. The current Forward EV/EBIT of 11.96 falls within the Strongly Overvalued range.
1.43
PS
Nokia Oyj. (NOK) has a current PS of 1.43. The 5-year average PS is 1.06. The thresholds are as follows: Strongly Undervalued below 0.73, Undervalued between 0.73 and 0.89, Fairly Valued between 1.22 and 0.89, Overvalued between 1.22 and 1.39, and Strongly Overvalued above 1.39. The current Forward PS of 1.43 falls within the Strongly Overvalued range.
13.79
P/OCF
Nokia Oyj. (NOK) has a current P/OCF of 13.79. The 5-year average P/OCF is 10.69. The thresholds are as follows: Strongly Undervalued below 4.89, Undervalued between 4.89 and 7.79, Fairly Valued between 13.59 and 7.79, Overvalued between 13.59 and 16.49, and Strongly Overvalued above 16.49. The current Forward P/OCF of 13.79 falls within the Overvalued range.
16.72
P/FCF
Nokia Oyj. (NOK) has a current P/FCF of 16.72. The 5-year average P/FCF is 15.30. The thresholds are as follows: Strongly Undervalued below 5.73, Undervalued between 5.73 and 10.52, Fairly Valued between 20.09 and 10.52, Overvalued between 20.09 and 24.87, and Strongly Overvalued above 24.87. The current Forward P/FCF of 16.72 falls within the Historic Trend Line -Fairly Valued range.
Nokia Oyj (NOK) has a current Price-to-Book (P/B) ratio of 1.48. Compared to its 3-year average P/B ratio of 1.06 , the current P/B ratio is approximately 40.33% higher. Relative to its 5-year average P/B ratio of 1.27, the current P/B ratio is about 16.54% higher. Nokia Oyj (NOK) has a Forward Free Cash Flow (FCF) yield of approximately 4.34%. Compared to its 3-year average FCF yield of 6.09%, the current FCF yield is approximately -28.77% lower. Relative to its 5-year average FCF yield of 6.43% , the current FCF yield is about -32.55% lower.
1.47
P/B
Median3y
1.06
Median5y
1.27
4.36
FCF Yield
Median3y
6.09
Median5y
6.43
Competitors Valuation Multiple
The average P/S ratio for NOK's competitors is 1.43, providing a benchmark for relative valuation. Nokia Oyj Corp (NOK) exhibits a P/S ratio of 1.43, which is 0.00% above the industry average. Given its robust revenue growth of 18.73%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of NOK increased by 39.05% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 19.60 to 33.59.
The secondary factor is the Revenue Growth, contributed 18.73%to the performance.
Overall, the performance of NOK in the past 1 year is driven by P/E Change. Which is more unsustainable.
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FAQ
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