Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Nokia Oyj's Enterprise Value is MXN1,211,677 Mil.
Nokia Oyj's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was MXN24,832 Mil. Therefore, Nokia Oyj's EV-to-EBIT ratio for today is 48.80.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Nokia Oyj's Enterprise Value is MXN1,211,677 Mil.
Nokia Oyj's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was MXN47,524 Mil. Therefore, Nokia Oyj's EV-to-EBITDA ratio for today is 25.50.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Nokia Oyj's Enterprise Value is MXN1,211,677 Mil.
Nokia Oyj's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was MXN425,567 Mil. Therefore, Nokia Oyj's EV-to-Revenue ratio for today is 2.85.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Nokia Oyj's Enterprise Value is MXN1,211,677 Mil.
Nokia Oyj's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was MXN29,047 Mil. Therefore, Nokia Oyj's EV-to-FCF ratio for today is 41.71.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Nokia Oyj (MEX:NOKN) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Nokia Oyj's current Enterprise Value is MXN1,211,677 Mil.
Nokia Oyj's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN24,832 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Nokia Oyj's current Enterprise Value is MXN1,211,677 Mil.
Nokia Oyj's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN47,524 Mil.
Nokia Oyj's current Enterprise Value is MXN1,211,677 Mil.
Nokia Oyj's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN425,567 Mil.
Nokia Oyj's current Enterprise Value is MXN1,211,677 Mil.
Nokia Oyj's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN41,623 Mil.
Nokia Oyj's current Enterprise Value is MXN1,211,677 Mil.
Nokia Oyj's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN29,047 Mil.
* 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 Enterprise Value Related Terms
Nokia Oyj Enterprise Value Historical Data
* Premium members only.
The historical data trend for Nokia Oyj's Enterprise Value 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.
MEX:NOKN vs CSCO, CIEN, MSI: Enterprise Value Comparison
For the Communication Equipment subindustry, Nokia Oyj's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Hardware Industry
For the Hardware industry and Technology sector, Nokia Oyj's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Nokia Oyj's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Nokia Oyj's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
What does a Enterprise Value of MXN1,211,677 Mil mean?
Nokia Oyj (MEX:NOKN) has a Enterprise Value of MXN1,211,677 Mil as of Jun. 27, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Nokia Oyj and its competitors.
Is Nokia Oyj's Enterprise Value too high?
Nokia Oyj's current Enterprise Value is MXN1,211,677 Mil. Overall, Nokia Oyj has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nokia Oyj's Enterprise Value compare to CSCO and CIEN?
Nokia Oyj's Enterprise Value of MXN1,211,677 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Hardware company?
A good Enterprise Value depends on the Hardware industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Nokia Oyj and its competitors. Nokia Oyj's current Enterprise Value is MXN1,211,677 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nokia Oyj stock overvalued right now?
Based on GuruFocus' analysis, Nokia Oyj (MEX:NOKN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN84.28, compared to a current price of MXN224.80 — trading 166.7% above its estimated fair value. The current Enterprise Value is MXN1,211,677 Mil. Nokia Oyj's overall GF Score™ is 47/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Nokia Oyj (MEX:NOKN), the current Enterprise Value is MXN1,211,677 Mil as of Jun. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nokia Oyj (MEX:NOKN) Overvalued in 2026?
Based on GuruFocus' analysis, Nokia Oyj stock appears to be overvalued.
The current stock price of MXN224.80 is trading 166.7% above its estimated GF Value™ of MXN84.28.
GuruFocus considers Nokia Oyj to be Significantly Overvalued.
Key valuation signals for MEX:NOKN:
Enterprise Value: MXN1,211,677 Mil
GF Value™: MXN84.28 vs. price of MXN224.80 (166.7% above fair value)
No single metric tells the full story. See the MEX:NOKN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nokia is a networking equipment vendor focused primarily on supporting wireless networks and, to a growing extent, Internet Protocol and optical systems. The firm operates three segments. The mobile infrastructure segment sells equipment and software used to operate the core of carrier and enterprise wireless networks. Network infrastructure comprises IP, optical, and fixed-network equipment, including switching and routing equipment, optical components, and devices used in fiber-to-the-premises networks. The portfolio business comprises businesses considered noncore to Nokia in the future, including fixed wireless access customer premises equipment, enterprise campus edge, and microwave radio.
47GF Score
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