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Nokia Oyj (OSTO:NOKIA SEK) Cyclically Adjusted PS Ratio : 1.00 (As of Jul. 15, 2025)


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What is Nokia Oyj Cyclically Adjusted PS Ratio?

As of today (2025-07-15), Nokia Oyj's current share price is kr47.95. Nokia Oyj's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was kr48.16. 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:

OSTO:NOKIA SEK' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.47   Med: 0.8   Max: 1.61
Current: 0.96

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.

OSTO:NOKIA SEK's Cyclically Adjusted PS Ratio is ranked better than
56.13% of 1835 companies
in the Hardware industry
Industry Median: 1.17 vs OSTO:NOKIA SEK: 0.96

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 kr8.939. 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 kr48.16 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
=47.95/48.16
=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)
=8.939/123.0100*123.0100
=8.939

Current CPI (Mar. 2025) = 123.0100.

Nokia Oyj Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 6.862 100.030 8.438
201509 7.219 100.130 8.869
201512 8.459 99.990 10.406
201603 9.028 100.080 11.096
201606 9.015 100.390 11.046
201609 9.779 100.540 11.965
201612 11.189 101.020 13.625
201703 8.981 100.910 10.948
201706 9.662 101.140 11.751
201709 9.315 101.320 11.309
201712 11.813 101.510 14.315
201803 8.961 101.730 10.835
201806 9.776 102.320 11.753
201809 10.188 102.600 12.215
201812 12.399 102.710 14.850
201903 9.442 102.870 11.291
201906 10.812 103.360 12.867
201909 10.798 103.540 12.828
201912 12.668 103.650 15.034
202003 9.529 103.490 11.326
202006 9.480 103.320 11.287
202009 9.794 103.710 11.617
202012 11.868 103.890 14.052
202103 9.138 104.870 10.719
202106 9.486 105.360 11.075
202109 9.647 106.290 11.165
202112 11.510 107.490 13.172
202203 9.874 110.950 10.947
202206 10.973 113.570 11.885
202209 11.895 114.920 12.732
202212 12.264 117.320 12.859
202303 11.634 119.750 11.951
202306 11.297 120.690 11.514
202309 8.377 121.280 8.496
202312 10.206 121.540 10.329
202403 9.039 122.360 9.087
202406 9.064 122.230 9.122
202409 8.419 122.260 8.471
202412 12.810 122.390 12.875
202503 8.939 123.010 8.939

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  (OSTO:NOKIA SEK) 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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