Nokia Oyj (OHEL:NOKIA) PB Ratio

: 0.85 (As of Today)

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The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-16), Nokia Oyj's share price is €3.166. Nokia Oyj's Book Value per Share for the quarter that ended in Dec. 2023 was €3.72. Hence, Nokia Oyj's PB Ratio of today is 0.85.

Good Sign:

Nokia Oyj stock PB Ratio (=0.85) is close to 10-year low of 0.78

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

OHEL:NOKIA' s PB Ratio Range Over the Past 10 Years
Min: 0.78 Med: 1.61 Max: 3.66
Current: 0.85

During the past 13 years, Nokia Oyj's highest PB Ratio was 3.66. The lowest was 0.78. And the median was 1.61.

OHEL:NOKIA's PB Ratio is ranked better than
81.28% of 2393 companies
in the Hardware industry
Industry Median: 1.79 vs OHEL:NOKIA: 0.85

During the past 12 months, Nokia Oyj's average Book Value Per Share Growth Rate was -2.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 18.80% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 8.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 5.00% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Nokia Oyj was 45.30% per year. The lowest was -23.40% per year. And the median was 6.55% per year.

Back to Basics: PB Ratio

Nokia Oyj PB Ratio Historical Data

The historical data trend for Nokia Oyj's PB 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

1.21

1.42

1.81

1.13

0.82

Nokia Oyj Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
PB Ratio																1.13	1.18	1.00	0.93	0.82

Competitive Comparison

For the Communication Equipment subindustry, Nokia Oyj's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio Distribution

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

* The bar in red indicates where Nokia Oyj's PB Ratio falls into.

Nokia Oyj PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Nokia Oyj's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	3.166	/	3.717
	=	0.85

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Nokia Oyj (OHEL:NOKIA) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Nokia Oyj PB Ratio Related Terms

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Nokia Oyj (OHEL:NOKIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nokia Oyj (OHEL:NOKIA) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

NOKBF:USA NOK:USA NOKIA SEK:Sweden NOK N:Mexico NOKIA:Italy 0K8D:UK NOKIAh:UK 0HAF:UK NOKIA:France NOA3:Germany NOKIA:Czech Republic NOKI34:Brazil NOKI:Austria NOK:Argentina

Address

Karakaari 7, Espoo, FIN, FI-02610

Website

http://www.nokia.com

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.

Nokia Oyj (OHEL:NOKIA) Headlines

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