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Elisa Oyj
OTC:ELMUY

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Elisa Oyj
OTC:ELMUY
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Price: 32.75 USD Market Closed
Market Cap: $10.8B

EV/EBITDA

10.3
Current
1%
Cheaper
vs 3-y average of 10.4

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
10.3
=
Enterprise Value
$7.9B
/
EBITDA
€761.1m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
10.3
=
Enterprise Value
$7.9B
/
EBITDA
€761.1m

Valuation Scenarios

Elisa Oyj is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (10.4), the stock would be worth $33.11 (1% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-16%
Maximum Upside
+12%
Average Upside
1%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 10.3 $32.75
0%
3-Year Average 10.4 $33.11
+1%
5-Year Average 11 $35.01
+7%
Industry Average 8.7 $27.54
-16%
Country Average 11.5 $36.56
+12%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
$7.9B
/
Jan 2026
€761.1m
=
10.3
Current
$7.9B
/
Dec 2026
€862m
=
9.1
Forward
$7.9B
/
Dec 2027
€888.3m
=
8.9
Forward
$7.9B
/
Dec 2028
€906.9m
=
8.7
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
FI
Elisa Oyj
OTC:ELMUY
6.6B USD 10.3 19.4
US
Verizon Communications Inc
NYSE:VZ
199.1B USD 6.3 11.6
US
AT&T Inc
NYSE:T
187.3B USD 6.4 8.6
DE
Deutsche Telekom AG
XETRA:DTE
133.2B EUR 4.9 13.9
CN
China Telecom Corp Ltd
SSE:601728
545.4B CNY 11.8 16.2
JP
Nippon Telegraph and Telephone Corp
TSE:9432
12.5T JPY 5.2 11.6
SG
Singapore Telecommunications Ltd
SGX:Z74
77.4B SGD 22.3 12.5
FR
Orange SA
PAR:ORA
47.7B EUR 5.8 88.6
SA
Saudi Telecom Company SJSC
SAU:7010
189.1B SAR 7.6 12.8
CH
Swisscom AG
SIX:SCMN
34B CHF 7.2 27
AU
Telstra Group Ltd
F:5KB
36.7B EUR 20.5 27

Market Distribution

In line with most companies in Finland
Percentile
67th
Based on 419 companies
67th percentile
15.5
Low
0.5 — 8.7
Typical Range
8.7 — 16.5
High
16.5 —
Distribution Statistics
Finland
Min 0.5
30th Percentile 8.7
Median 11.5
70th Percentile 16.5
Max 368.3

Elisa Oyj
Glance View

Market Cap
10.8B USD
Industry
Telecommunication

Elisa Oyj, a telecommunications powerhouse based in Finland, has masterfully woven itself into the digital fabric of the nation, showcasing a legacy that dates back to the 19th century. The company, which began its journey as a mere telegraph operator, has evolved into an innovative leader in the telecommunications sector, providing services that span mobile and fixed network access, broadband subscriptions, cloud-based services, and ICT solutions. Elisa's transformation is characterized by a relentless commitment to embracing technological advancements, ensuring their network infrastructure is not just robust, but continually redefined to meet the increasing demands of connectivity. This adaptability is evident in their deployment of next-generation services like 5G, ensuring users experience seamless communication, and an unmatched digital lifestyle. Their business model is multifaceted, anchored primarily in maintaining a substantial subscriber base which fuels a recurring revenue stream. By offering broad subscription plans for individual, public, and business customers, Elisa has developed a sustainable approach to growth that extends beyond traditional telecommunication services. They generate income through diverse streams—ranging from mobile voice and data services, digital services like content streaming and security solutions, to high-impact corporate solutions that offer businesses cutting-edge technological advantages. Elisa also leverages its market position to partner with other technology firms, enhancing their service portfolio while driving continuous innovation. This entrepreneurial spirit, combined with an acute responsiveness to digital transformation, ensures Elisa remains at the forefront of industry evolution, effectively monetizing the perpetual demand for connectivity, technology integration, and digitalization.

ELMUY Intrinsic Value
25.72 USD
Overvaluation 21%
Intrinsic Value
Price $32.75
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