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Nokia Oyj (LTS:0HAF) Cyclically Adjusted Revenue per Share : €4.47 (As of Mar. 2024)


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What is Nokia Oyj Cyclically Adjusted Revenue 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 Revenue per Share and 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 for the three months ended in Mar. 2024 was €0.839. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €4.47 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Nokia Oyj's average Cyclically Adjusted Revenue Growth Rate was 1.40% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 4.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -4.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -9.60% 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 Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Nokia Oyj was 7.90% per year. The lowest was -17.60% per year. And the median was -6.50% per year.

As of today (2024-05-13), Nokia Oyj's current stock price is €3.49975. Nokia Oyj's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €4.47. Nokia Oyj's Cyclically Adjusted PS Ratio of today is 0.78.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Nokia Oyj was 1.61. The lowest was 0.26. And the median was 0.74.


Nokia Oyj Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Nokia Oyj's Cyclically Adjusted Revenue 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 Revenue per Share Chart

Nokia Oyj Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.80 3.97 4.00 4.37 4.49

Nokia Oyj Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue 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 4.38 4.46 4.48 4.49 4.47

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

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.



Nokia Oyj Cyclically Adjusted Revenue 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 Revenue per Share and 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.

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

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue 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 Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

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

For example, Nokia Oyj's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.839/121.2200*121.2200
=0.839

Current CPI (Mar. 2024) = 121.2200.

Nokia Oyj Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 0.714 100.147 0.864
201409 0.834 100.726 1.004
201412 0.879 100.229 1.063
201503 0.742 100.120 0.898
201506 0.740 100.030 0.897
201509 0.769 100.130 0.931
201512 0.914 99.990 1.108
201603 0.972 100.080 1.177
201606 0.966 100.390 1.166
201609 1.021 100.540 1.231
201612 1.152 101.020 1.382
201703 0.942 100.910 1.132
201706 0.991 101.140 1.188
201709 0.976 101.320 1.168
201712 1.189 101.510 1.420
201803 0.882 101.730 1.051
201806 0.951 102.320 1.127
201809 0.977 102.600 1.154
201812 1.207 102.710 1.425
201903 0.899 102.870 1.059
201906 1.017 103.360 1.193
201909 1.010 103.540 1.182
201912 1.209 103.650 1.414
202003 0.876 103.490 1.026
202006 0.904 103.320 1.061
202009 0.939 103.710 1.098
202012 1.167 103.890 1.362
202103 0.899 104.870 1.039
202106 0.938 105.360 1.079
202109 0.949 106.290 1.082
202112 1.121 107.490 1.264
202203 0.937 110.950 1.024
202206 1.034 113.570 1.104
202209 1.101 114.920 1.161
202212 1.319 117.320 1.363
202303 1.037 119.750 1.050
202306 1.017 120.690 1.021
202309 0.890 121.280 0.890
202312 1.033 121.220 1.033
202403 0.839 121.220 0.839

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


Nokia Oyj  (LTS:0HAF) Cyclically Adjusted Revenue per Share Explanation

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

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS 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 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 Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=3.49975/4.47
=0.78

* 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 PS Ratio of Nokia Oyj was 1.61. The lowest was 0.26. And the median was 0.74.


Be Aware

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


Nokia Oyj Cyclically Adjusted Revenue per Share Related Terms

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


Nokia Oyj (LTS:0HAF) 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, followed closely by network infrastructure. 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 with 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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