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 (born 1928), Finnish athlete
Juha Valkama (born 1979), Finnish ice dancer
Leevi Valkama (born 1915), Finnish literature scientist
Reino Valkama (1906-1962), Finnish actor
Yrjö Valkama (1894-1975), Finnish diver