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Nokia Oyj (MEX:NOK N) Cyclically Adjusted Book per Share : MXN77.75 (As of Mar. 2025)


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What is Nokia Oyj Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Nokia Oyj's adjusted book value per share for the three months ended in Mar. 2025 was MXN85.207. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN77.75 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Nokia Oyj's average Cyclically Adjusted Book Growth Rate was 3.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 8.30% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 4.60% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 0.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Nokia Oyj was 13.50% per year. The lowest was -3.80% per year. And the median was 1.10% per year.

As of today (2025-05-30), Nokia Oyj's current stock price is MXN102.00. Nokia Oyj's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN77.75. Nokia Oyj's Cyclically Adjusted PB Ratio of today is 1.31.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Nokia Oyj was 2.22. The lowest was 0.80. And the median was 1.50.


Nokia Oyj Cyclically Adjusted Book per Share Historical Data

The historical data trend for Nokia Oyj's Cyclically Adjusted Book per Share 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.

* Premium members only.

Nokia Oyj Cyclically Adjusted Book per Share Chart

Nokia Oyj Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 68.17 63.36 60.39 62.68 77.56

Nokia Oyj Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 61.99 65.74 - 77.56 77.75

Competitive Comparison of Nokia Oyj's Cyclically Adjusted Book per Share

For the Communication Equipment subindustry, Nokia Oyj's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


Nokia Oyj's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nokia Oyj's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Nokia Oyj's Cyclically Adjusted PB Ratio falls into.


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Nokia Oyj Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Nokia Oyj's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=85.207/123.0100*123.0100
=85.207

Current CPI (Mar. 2025) = 123.0100.

Nokia Oyj Quarterly Data

Book Value per Share CPI Adj_Book
201506 42.699 100.030 52.508
201509 46.709 100.130 57.382
201512 49.271 99.990 60.614
201603 69.574 100.080 85.515
201606 68.276 100.390 83.660
201609 69.910 100.540 85.534
201612 76.392 101.020 93.021
201703 68.638 100.910 83.670
201706 61.644 101.140 74.974
201709 64.007 101.320 77.709
201712 67.224 101.510 81.462
201803 63.325 101.730 76.571
201806 61.706 102.320 74.183
201809 58.437 102.600 70.062
201812 61.061 102.710 73.129
201903 58.458 102.870 69.903
201906 55.430 103.360 65.968
201909 55.686 103.540 66.157
201912 57.290 103.650 67.991
202003 73.538 103.490 87.409
202006 70.505 103.320 83.941
202009 70.115 103.710 83.163
202012 53.698 103.890 63.581
202103 59.158 104.870 69.391
202106 60.702 105.360 70.871
202109 69.946 106.290 80.949
202112 71.411 107.490 81.722
202203 69.956 110.950 77.560
202206 71.497 113.570 77.440
202209 69.863 114.920 74.781
202212 78.858 117.320 82.683
202303 73.583 119.750 75.586
202306 70.911 120.690 72.274
202309 71.487 121.280 72.507
202312 68.798 121.540 69.630
202403 68.907 122.360 69.273
202406 75.050 122.230 75.529
202409 0.000 122.260 0.000
202412 83.958 122.390 84.383
202503 85.207 123.010 85.207

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Nokia Oyj  (MEX:NOK N) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Nokia Oyj's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=102.00/77.75
=1.31

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Nokia Oyj was 2.22. The lowest was 0.80. And the median was 1.50.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Nokia Oyj Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Nokia Oyj's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Nokia Oyj Business Description

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Nokia provides telecom equipment and services that are used to build wireless and fixed-line networks. It operates in four segments. The mobile networks segment, which sells equipment and services to telecom carriers to power public wireless networks, is the largest. Network infrastructure focuses on fixed networks, including infrastructure, solutions, and components for IP networks, optical networks, and submarine networks. Cloud and network services is a nascent segment catering to enterprises, offering as-a-service platforms. Nokia also has a sizable research division and patent business, where it licenses technology used by handset providers, consumer electronics firms, and other firms making electronic and Internet of Things products.

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