Nokian Tyres (FRA:NRE) Forward PE Ratio : 0.00 (As of May. 24, 2024)

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What is Nokian Tyres Forward PE Ratio?

Nokian Tyres's Forward PE Ratio for today is 0.00.

Nokian Tyres's PE Ratio without NRI for today is 200.70.

Nokian Tyres's PE Ratio for today is 180.63.

Nokian Tyres Forward PE Ratio Historical Data

The historical data trend for Nokian Tyres's Forward PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nokian Tyres Forward PE Ratio Chart

Nokian Tyres Annual Data

Trend

2015-12

2016-04

2017-12

2018-12

2019-10

Forward PE Ratio

17.79

12.95

16.34

11.89

12.48

Nokian Tyres Quarterly Data
	2015-12	2016-03	2017-12	2018-03	2018-06	2018-09	2018-12	2019-03
Forward PE Ratio	17.79	13.76	16.34	15.46	15.41	15.82	11.89	14.14

Competitive Comparison of Nokian Tyres's Forward PE Ratio

For the Auto Parts subindustry, Nokian Tyres's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nokian Tyres's Forward PE Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nokian Tyres's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where Nokian Tyres's Forward PE Ratio falls into.

Nokian Tyres Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

Nokian Tyres (FRA:NRE) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

Nokian Tyres Forward PE Ratio Related Terms

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Nokian Tyres (FRA:NRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nokian Tyres PLC (FRA:NRE) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

NKRKY:USA NKRKF:USA 1TYRES:Italy 0FFY:UK TYRES:Finland

Address

Pirkkalaistie 7, P.O. Box 20, Nokia, FIN, 37101

Website

https://www.nokiantyres.com

Nokian Tyres plc develops and manufactures rubber tires under the Nokian Tyres brand name for passenger cars, vans, trucks and heavy machinery. The company sells tires to wholesale distributors and through company-owned retail stores, which are operated under the Vianor brand name. The firm organizes itself into three segments based on product and distribution type: Passenger Car Tyres, Heavy Tyres, and Vianor. The passenger car tires segment generates the majority of revenue.