NOK has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
As of today, Nokia Oyj's current share price is $7.62. Nokia Oyj's E10 for the quarter that ended in Dec. 2014 was $0.11. Nokia Oyj's Shiller P/E Ratio for today is 69.27.
During the past 13 years, Nokia Oyj's highest Shiller P/E Ratio was 86.33. The lowest was 2.26. And the median was 16.27.
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Nokia Oyj's adjusted earnings per share data for the three months ended in Dec. 2014 was $0.137. Since most companies do not have as long as 10 years history, here we use 6 years to calculate. Add all the adjusted EPS for the past 6 years together and divide 6 will get our E10, which is $0.11 for the trailing six years ended in Dec. 2014.
For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.
The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
Nokia Oyj's Shiller P/E Ratio for today is calculated as
|Shiller P/E Ratio||=||Share Price||/||E10|
Nokia Oyj's E10 for the fiscal year that ended in Dec14 is calculated as:
For example, Nokia Oyj's adjusted earnings per share data for the three months ended in Dec. 2014 was:
|Adj_EPS||=||Earnigns per Share||/||CPI of Dec. 2014||*||CPI of Current|
Since most companies do not have as long as 10 years history, GuruFocus uses 6 years to do the calculation.
Current CPI = 235.483.
Nokia Oyj Quarterly Data
|per share eps||-0.335||0.067||-0.091||-0.079||-0.027||-0.010||-0.083||0.829||0.245||0.137|
|per share eps||0.122||0.073||0.183||0.266||0.126||-0.144||-0.028||-0.380||-0.464||-0.090|
|per share eps||0.039||0.182||-0.219||0.372|
Add all the adjusted EPS together and divide 6 will get our E10.
Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller P/E should give similar results to regular P/E.
Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.
The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a companys business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.
Nokia Oyj Annual Data
Nokia Oyj Quarterly Data