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NOK stock logo

NOK

Nokia Oyj

$10.58
0.26
 (2.52%)
Exchange:  NYSE
Market Cap:  57.141B
Shares Outstanding:  4.793B
Delayed data
Calculate NOK Intrinsic Value
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Overview
Earnings
Financials
Valuation
Chart

About The Company

Sector:  Technology
Industry:  Communication Equipment
   
CEO:  Justin Hotard
Full Time Employees:  78434
Address: 
Karakaari 7
Espoo
UU
2610
FI
Website:  https://www.nokia.com
Nokia Oyj stands as a global technology leader, delivering comprehensive network infrastructure and solutions across mobile, fixed, and cloud domains. Its operations are structured into four primary divisions: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. The Mobile Networks segment furnishes radio access network technologies, spanning from 2G to 5G, alongside crucial microwave radio links for transport. Within Network Infrastructure, Nokia provides fixed access solutions such as fiber and copper, coupled with cloud and virtualization services. This segment also encompasses a robust Wi-Fi portfolio, featuring mesh solutions and cloud-based controllers, as well as sophisticated IP routing solutions for aggregation, edge, and core applications tailored for residential, business, mobile, and industrial sectors. Its extensive optical network offerings include coherent optical transponders, optical transport network switchers, wavelength-division multiplexers, reconfigurable optical add-drop multiplexer solutions, and optical line systems designed for metro access, data center interconnect, regional, and long/ultra-long-haul applications. Additionally, Nokia provides capabilities for submarine networks. The Cloud and Network Services division delivers business application software, advanced cloud and cognitive services, core network software, and specialized enterprise solutions. Through Nokia Technologies, the company engages in licensing its valuable intellectual property, encompassing patents, various technologies, and the iconic Nokia brand, in addition to offering hardware, software, and related services. Serving a diverse clientele, Nokia’s customers include communications service providers, major internet companies (webscales and hyperscalers), digital industries, and governmental entities. Nokia Oyj was founded in 1865 and maintains its headquarters in Espoo, Finland.

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Revenue Segmentation

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EPS

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Earnings Call

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Earnings transcript

Read the complete earnings call transcript.

AI summary

Key takeaways

Short, structured highlights from the call so you can focus on what matters.

2026/07/23 — 2 quarter 2026

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Income Statement
Balance Sheet
Cash Flow Statement
Analyst Estimates

Income Statement

Year202320242025
Revenue21,138,00019,220,00019,889,000
Gross Profit8,546,0008,864,0008,659,000
EBITDA2,910,0003,431,0002,253,000
Operating Income1,470,0001,590,000782,000
Net Income665,0001,277,000651,000

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(* All numbers are in thousands)

Balance Sheet

Year202320242025
Total Assets39,860,00039,149,00037,580,999
Total Liabilities19,232,00018,402,00016,531,961
Total Stockholders Equity20,537,00020,657,00020,958,076
Total Debt5,188,0004,750,0005,207,783
Cash and Cash Equivalents6,234,0006,623,0005,459,675

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(* All numbers are in thousands)

Cash Flow Statement

Year202320242025
Operating Cash Flow1,317,0002,493,0001,989,263.208
Capital Expenditure-652,000-472,000-582,082.809
Free Cash Flow665,0002,021,0001,407,180.398
Net Income679,0001,284,000604,175.063
Net Change in Cash767,000389,000-377,267.607

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(* All numbers are in thousands)

Analyst Estimates

Fiscal Year2030Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Low)24,012,445.828Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (High)25,891,079.338Research AccessResearch AccessResearch AccessResearch Access
Estimated Revenue (Avg)24,832,291.586Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Low)3,473,762.281Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (High)3,745,534.939Research AccessResearch AccessResearch AccessResearch Access
Estimated Ebitda (Avg)3,592,365.329Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Low)3,298,587.043Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (High)3,637,558.352Research AccessResearch AccessResearch AccessResearch Access
Estimated Net Income (Avg)3,446,501.796Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Low)3,311,500.929Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (High)3,570,578.936Research AccessResearch AccessResearch AccessResearch Access
Estimated SGA Expense (Avg)3,424,563.963Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Avg)0.630Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (High)0.660Research AccessResearch AccessResearch AccessResearch Access
Estimated EPS (Low)0.600Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated Revenue)7Research AccessResearch AccessResearch AccessResearch Access
Number of Analysts (Estimated EPS)4Research AccessResearch AccessResearch AccessResearch Access

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(* All numbers are in thousands)

Current Key Metrics

?Revenue
 (TTM)
: 
20.79B  ?P/S
 (TTM)
: 
2.25
?Net Income
 (TTM)
: 
1.35B  ?P/E
 (TTM)
: 
64.32
?Enterprise Value
 (TTM)
: 
44.542B  ?EV/FCF
 (TTM)
: 
83.1
?Dividend Yield
 (TTM)
: 
1.72%  ?Payout Ratio
 (TTM)
: 
81.65%
?ROE
 (TTM)
: 
4.55%  ?ROIC
 (TTM)
: 
4.34%
?Net Debt
 (TTM)
: 
-3659457000  ?Debt/Equity
 (TTM)
: 
0.16
?P/B
 (TTM)
: 
2.15  ?Current Ratio
 (TTM)
: 
1.51

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Forward P/E Ratios

?

Forward P/E (Avg EPS estimate) — log in with Research Access for high/low estimates and the interactive table.

Forward P/E 1YResearch AccessResearch AccessResearch AccessResearch Access
26.99Research AccessResearch AccessResearch AccessResearch Access

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SWOT Analysis

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At what price to buy it? -
Intrinsic Value Calculator

This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.

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Common questions about NOK valuation

Is Nokia Oyj (NOK) overvalued or undervalued right now?

MARKETSnap estimates intrinsic value for Nokia Oyj (NOK) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.

Is NOK a buy, hold, or sell for long-term investors?

MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether NOK trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.

What is NOK’s P/E ratio?

You can see NOK’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.

How is intrinsic value calculated for NOK?

MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.

Is NOK a good long-term investment?

Whether NOK fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.

NOK

1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.

Daily snapshot

2.52
MARKETSnap

Trading Metrics:

Open: 10.41   Previous Close: 10.32
Day Low: 10.35   Day High: 10.91
Year Low: 4.12   Year High: 17.45
Price Avg 50: 11.99   Price Avg 200: 9.32
Volume: 107.338M   Average Volume: 105.707M

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NOK full analysis

01/02/2026

YouTube Video Transcript: Comprehensive Stock Analysis of Nokia (NOK) Hey everyone, welcome back to the channel! Today, we’re diving deep into a comprehensive stock analysis of Nokia, ticker symbol NOK. If you’re looking to understand whether this tech giant is a buy, hold, or sell, you’ve come to the right place. We’ll cover everything from financials to recent performance, valuation, SWOT analysis, and even intrinsic value calculations. So, grab a coffee, stick around, and let’s break down Nokia together. Don’t…

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