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Nokia Oyj (NYSE:NOK)
EV/EBIT
10.48 (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 $18,192 Mil. Nokia Oyj's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was $1,736 Mil. Therefore, Nokia Oyj's EV/EBIT ratio for today is 10.48.

NOK' s EV/EBIT Range Over the Past 10 Years
Min: -254.9   Max: 170.5
Current: 10.74

-254.9
170.5

During the past 13 years, the highest EV/EBIT Ratio of Nokia Oyj was 170.50. The lowest was -254.90. And the median was 11.10.

NOK's EV/EBIT is ranked higher than
68% of the 344 Companies
in the Global Communication Equipment industry.

( Industry Median: 16.77 vs. NOK: 10.74 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt). Nokia Oyj's enterprise value for the quarter that ended in Sep. 2015 was $20,233 Mil. Nokia Oyj's earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was $1,736 Mil. Nokia Oyj's Earnings Yield (Joel Greenblatt) for the quarter that ended in Sep. 2015 was 8.58%.


Definition

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

EV/EBIT=Enterprise Value (Today)/Earnings Before Interest and Taxes (EBIT) (TTM)
=18191.648/1735.85071746
=10.48

Nokia Oyj's current Enterprise Value is $18,192 Mil.
Nokia Oyj's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was 538.840937115 (Dec. 2014 ) + 256.493506494 (Mar. 2015 ) + 570.145903479 (Jun. 2015 ) + 370.37037037 (Sep. 2015 ) = $1,736 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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. 2015 is calculated as:

Earnings Yield (Joel Greenblatt) (Q: Sep. 2015 )=EBIT (TTM)/Enterprise Value (Q: Sep. 2015 )
=1735.85071746/20232.9861585
=8.58 %

Nokia Oyj's Enterprise Value for the quarter that ended in Sep. 2015 was $20,233 Mil.
Nokia Oyj's Earnings Before Interest and Taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2015 was 538.840937115 (Dec. 2014 ) + 256.493506494 (Mar. 2015 ) + 570.145903479 (Jun. 2015 ) + 370.37037037 (Sep. 2015 ) = $1,736 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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 own currency.

Nokia Oyj Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
ev2ebit 9.6111.768.4725.599.31-9.65-3.4720.85126.3810.83

Nokia Oyj Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
ev2ebit 23.9420.8515.0810.4245.80126.38144.4749.7612.0910.83
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