Switch theme
Sign up to access all valuation multiples
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.
1865
78.4K+
LTM Revenue $22.1B
LTM EBITDA $3.5B
$25.3B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Nokia has a last 12-month revenue (LTM) of $22.1B and a last 12-month EBITDA of $3.5B.
In the most recent fiscal year, Nokia achieved revenue of $21.6B and an EBITDA of $3.9B.
Nokia expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Nokia valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $22.1B | XXX | $21.6B | XXX | XXX | XXX |
| Gross Profit | $10.2B | XXX | $10.0B | XXX | XXX | XXX |
| Gross Margin | 46% | XXX | 46% | XXX | XXX | XXX |
| EBITDA | $3.5B | XXX | $3.9B | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 18% | XXX | XXX | XXX |
| EBIT | $2.7B | XXX | $1.8B | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 8% | XXX | XXX | XXX |
| Net Profit | $2.2B | XXX | $1.4B | XXX | XXX | XXX |
| Net Margin | 10% | XXX | 7% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
As of May 30, 2025, Nokia's stock price is EUR 5 (or $5).
Nokia has current market cap of EUR 24.7B (or $27.7B), and EV of EUR 22.5B (or $25.3B).
See Nokia trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $25.3B | $27.7B | XXX | XXX | XXX | XXX | $0.39 |
Sign up to access valuation multiples like growth-adjusted P/E, next 12-month EV/Revenue, EBITDA multiples by industry and many more
Start Free TrialAs of May 30, 2025, Nokia has market cap of $27.7B and EV of $25.3B.
Nokia's trades at 1.2x EV/Revenue multiple, and 6.6x EV/EBITDA.
Equity research analysts estimate Nokia's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Nokia has a P/E ratio of 12.6x.
See valuation multiples for Nokia and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $27.7B | XXX | $27.7B | XXX | XXX | XXX |
| EV (current) | $25.3B | XXX | $25.3B | XXX | XXX | XXX |
| EV/Revenue | 1.1x | XXX | 1.2x | XXX | XXX | XXX |
| EV/EBITDA | 7.2x | XXX | 6.6x | XXX | XXX | XXX |
| EV/EBIT | 9.4x | XXX | 14.3x | XXX | XXX | XXX |
| EV/Gross Profit | 2.5x | XXX | n/a | XXX | XXX | XXX |
| P/E | 12.6x | XXX | 19.3x | XXX | XXX | XXX |
| EV/FCF | 15.8x | XXX | 11.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialNokia's last 12 month revenue growth is 5%
Nokia's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Nokia's rule of 40 is 18% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Nokia's rule of X is 29% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Nokia and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 16% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | -6% | XXX | -3% | XXX | XXX | XXX |
| Rule of 40 | 18% | XXX | 23% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 29% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 23% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 38% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| TKH Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Elsight | XXX | XXX | XXX | XXX | XXX | XXX |
| Intracom Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Optronics Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Thaicom | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Nokia acquired XXX companies to date.
Last acquisition by Nokia was XXXXXXXX, XXXXX XXXXX XXXXXX . Nokia acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| When was Nokia founded? | Nokia was founded in 1865. |
| Where is Nokia headquartered? | Nokia is headquartered in Finland. |
| How many employees does Nokia have? | As of today, Nokia has 78.4K+ employees. |
| Who is the CEO of Nokia? | Nokia's CEO is Mr. Pekka Lundmark. |
| Is Nokia publicy listed? | Yes, Nokia is a public company listed on HEL. |
| What is the stock symbol of Nokia? | Nokia trades under NOKIA ticker. |
| When did Nokia go public? | Nokia went public in 1981. |
| Who are competitors of Nokia? | Similar companies to Nokia include e.g. TKH Group, Elsight, Intracom Holdings, Optronics Technologies. |
| What is the current market cap of Nokia? | Nokia's current market cap is $27.7B |
| What is the current revenue of Nokia? | Nokia's last 12 months revenue is $22.1B. |
| What is the current revenue growth of Nokia? | Nokia revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Nokia? | Current revenue multiple of Nokia is 1.1x. |
| Is Nokia profitable? | Yes, Nokia is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Nokia? | Nokia's last 12 months EBITDA is $3.5B. |
| What is Nokia's EBITDA margin? | Nokia's last 12 months EBITDA margin is 16%. |
| What is the current EV/EBITDA multiple of Nokia? | Current EBITDA multiple of Nokia is 7.2x. |
| What is the current FCF of Nokia? | Nokia's last 12 months FCF is $1.6B. |
| What is Nokia's FCF margin? | Nokia's last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of Nokia? | Current FCF multiple of Nokia is 15.8x. |
Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.
