Valkama is a surname. Notable people with the surname include:
Aarne Valkama, Finnish Nordic combined skier Erik Valkama, member of the Finnish band Dingo Jorma Valkama (1928–62), Finnish athlete Juha Valkama (born 1979), Finnish ice dancer Reino Valkama (1906–1962), Finnish actor Yrjö Valkama (1894–1975), Finnish diver