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Nokia Oyj (MEX:NOK N) Cyclically Adjusted PS Ratio : 1.00 (As of Jul. 04, 2025)


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What is Nokia Oyj Cyclically Adjusted PS Ratio?

As of today (2025-07-04), Nokia Oyj's current share price is MXN98.00. Nokia Oyj's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was MXN98.07. Nokia Oyj's Cyclically Adjusted PS Ratio for today is 1.00.

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

MEX:NOK N' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.47   Med: 0.8   Max: 1.61
Current: 0.99

During the past years, Nokia Oyj's highest Cyclically Adjusted PS Ratio was 1.61. The lowest was 0.47. And the median was 0.80.

MEX:NOK N's Cyclically Adjusted PS Ratio is ranked better than
55.23% of 1836 companies
in the Hardware industry
Industry Median: 1.18 vs MEX:NOK N: 0.99

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 MXN18.048. 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 MXN98.07 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
=98.00/98.07
=1.00

* 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)
=18.048/123.0100*123.0100
=18.048

Current CPI (Mar. 2025) = 123.0100.

Nokia Oyj Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 13.027 100.030 16.020
201509 14.582 100.130 17.914
201512 17.125 99.990 21.068
201603 18.635 100.080 22.905
201606 20.075 100.390 24.598
201609 22.163 100.540 27.116
201612 25.055 101.020 30.509
201703 18.970 100.910 23.125
201706 20.126 101.140 24.478
201709 21.107 101.320 25.625
201712 27.644 101.510 33.499
201803 19.755 101.730 23.887
201806 21.827 102.320 26.241
201809 21.318 102.600 25.559
201812 26.960 102.710 32.288
201903 19.709 102.870 23.568
201906 22.074 103.360 26.271
201909 21.957 103.540 26.086
201912 25.330 103.650 30.061
202003 22.698 103.490 26.979
202006 23.503 103.320 27.982
202009 24.432 103.710 28.979
202012 28.230 103.890 33.425
202103 21.865 104.870 25.647
202106 22.489 105.360 26.256
202109 22.948 106.290 26.558
202112 25.977 107.490 29.728
202203 20.553 110.950 22.787
202206 21.998 113.570 23.826
202209 21.931 114.920 23.475
202212 23.039 117.320 24.156
202303 20.016 119.750 20.561
202306 17.985 120.690 18.331
202309 13.164 121.280 13.352
202312 16.889 121.540 17.093
202403 14.408 122.360 14.485
202406 15.834 122.230 15.935
202409 16.207 122.260 16.306
202412 24.321 122.390 24.444
202503 18.048 123.010 18.048

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  (MEX:NOK N) 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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