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Nokia Oyj (BSP:NOKI34) Cyclically Adjusted PS Ratio : 1.01 (As of May. 06, 2025)


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What is Nokia Oyj Cyclically Adjusted PS Ratio?

As of today (2025-05-06), Nokia Oyj's current share price is R$27.72. Nokia Oyj's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was R$27.52. Nokia Oyj's Cyclically Adjusted PS Ratio for today is 1.01.

The historical rank and industry rank for Nokia Oyj's Cyclically Adjusted PS Ratio or its related term are showing as below:

BSP:NOKI34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.47   Med: 0.79   Max: 1.61
Current: 1

During the past years, Nokia Oyj's highest Cyclically Adjusted PS Ratio was 1.61. The lowest was 0.47. And the median was 0.79.

BSP:NOKI34's Cyclically Adjusted PS Ratio is ranked better than
53.53% of 1842 companies
in the Hardware industry
Industry Median: 1.1 vs BSP:NOKI34: 1.00

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Nokia Oyj's adjusted revenue per share data for the three months ended in Mar. 2025 was R$5.080. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is R$27.52 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nokia Oyj Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Nokia Oyj's Cyclically Adjusted PS 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.

* Premium members only.

Nokia Oyj Cyclically Adjusted PS Ratio Chart

Nokia Oyj Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.80 1.39 1.01 0.69 0.97

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 PS Ratio 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 0.74 0.80 0.89 0.97 1.09

Competitive Comparison of Nokia Oyj's Cyclically Adjusted PS Ratio

For the Communication Equipment subindustry, Nokia Oyj's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio Distribution in the Hardware Industry

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

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


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Nokia Oyj Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Nokia Oyj's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=27.72/27.52
=1.01

* 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.

Nokia Oyj's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=5.08/123.0600*123.0600
=5.080

Current CPI (Mar. 2025) = 123.0600.

Nokia Oyj Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 2.583 100.030 3.178
201509 3.368 100.130 4.139
201512 3.865 99.990 4.757
201603 4.003 100.080 4.922
201606 3.716 100.390 4.555
201609 3.729 100.540 4.564
201612 4.076 101.020 4.965
201703 3.151 100.910 3.843
201706 3.669 101.140 4.464
201709 3.643 101.320 4.425
201712 4.638 101.510 5.623
201803 3.566 101.730 4.314
201806 4.189 102.320 5.038
201809 4.683 102.600 5.617
201812 5.332 102.710 6.388
201903 3.902 102.870 4.668
201906 4.431 103.360 5.276
201909 4.582 103.540 5.446
201912 5.513 103.650 6.545
202003 4.730 103.490 5.624
202006 5.283 103.320 6.292
202009 5.972 103.710 7.086
202012 7.301 103.890 8.648
202103 6.028 104.870 7.074
202106 5.681 105.360 6.635
202109 5.892 106.290 6.822
202112 7.161 107.490 8.198
202203 5.137 110.950 5.698
202206 5.519 113.570 5.980
202209 5.717 114.920 6.122
202212 6.199 117.320 6.502
202303 5.784 119.750 5.944
202306 5.092 120.690 5.192
202309 3.732 121.280 3.787
202312 4.875 121.540 4.936
202403 4.323 122.360 4.348
202406 4.655 122.230 4.687
202409 4.558 122.260 4.588
202412 7.115 122.390 7.154
202503 5.080 123.060 5.080

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.


Nokia Oyj  (BSP:NOKI34) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Nokia Oyj Cyclically Adjusted PS Ratio Related Terms

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


Nokia Oyj Business Description

Industry
Address
Karakaari 7, Espoo, FIN, 02610
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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