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Nokia Oyj (NYSE:NOK)
EV/EBIT
-23.45 (As of Today)

EV/EBIT ratio is calculated as enterprise value divided by its Earnings Before Interest and Taxes (EBIT). As of today, Nokia Oyj's enterprise value is $20,741 Mil. Nokia Oyj's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $-885 Mil. Therefore, Nokia Oyj's EV/EBIT ratio for today is -23.45.

NOK' s EV/EBIT Range Over the Past 10 Years
Min: -301.2   Max: 58.5
Current: -25.19

-301.2
58.5

During the past 13 years, the highest EV/EBIT Ratio of Nokia Oyj was 58.50. The lowest was -301.20. And the median was 10.90.

NOK's EV/EBIT is ranked lower than
99.99% of the 335 Companies
in the Global Communication Equipment industry.

( Industry Median: 15.67 vs. NOK: -25.19 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Nokia Oyj's enterprise value for the quarter that ended in Sep. 2016 was $28,032 Mil. Nokia Oyj's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was $-885 Mil. Nokia Oyj's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2016 was -3.16%.


Definition

Nokia Oyj's EV/EBIT for today is calculated as:

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=20740.810/-884.641510585
=-23.45

Nokia Oyj's current Enterprise Value is $20,741 Mil.
Nokia Oyj's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was 700.435729847 (Dec. 2015 ) + -792.873051225 (Mar. 2016 ) + -853.93258427 (Jun. 2016 ) + 61.7283950617 (Sep. 2016 ) = $-885 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

This is a more accurate valuation of companies' operation because it consider the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt).

Nokia Oyj's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2016 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2016 )=EBIT (TTM)/Enterprise Value (Q: Sep. 2016 )
=-884.641510585/28032.3628783
=-3.16 %

Nokia Oyj's Enterprise Value for the quarter that ended in Sep. 2016 was $28,032 Mil.
Nokia Oyj's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2016 was 700.435729847 (Dec. 2015 ) + -792.873051225 (Mar. 2016 ) + -853.93258427 (Jun. 2016 ) + 61.7283950617 (Sep. 2016 ) = $-885 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Enterprise Value, Earnings Yield (Joel Greenblatt), Earnings Before Interest and Taxes (EBIT)


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Nokia Oyj Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 9.6111.768.4724.4911.51-8.30-246.4226.8614.0310.88

Nokia Oyj Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
ev2ebit 11.2013.9714.0315.6711.7712.1910.8830.44-48.02-32.28
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