Stock AnalizNokia Corp. NOK
Radio And Television Broadcasting And Communications Equipment · IPO 1994 · data as of November 13, 2026
Nokia Corp. (NOK) is a technology company listed in the US with a market value of about $46.3B. In the twelve months to September 30, 2026 it had revenue of $23.0B and net income of $862M, a net margin of 3.8%.
Its overall Stock Analiz score is 2.0 out of 5 (weak). The strongest part is financial health (4/5); the weakest is value (0/5).
Key numbers: a P/E of 53.3, a price to free cash flow of 8409.0, 5-year revenue growth of -3% a year, a 5-year average ROIC of 6%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 48% below the current price.
Score: 2.0 / 5
Checks passed
- Revenue growth above 10% last year
- 3-year free cash flow growth above 10% a year
- Profitable 5 years in a row
- More cash than debt, or low debt to equity
- Positive free cash flow
- Interest covered more than 5 times
- Liabilities below 60% of assets
- Pays a dividend
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- 3-year revenue growth above 10% a year
- Profit margin improving
- Strong R&D investment or growth above 20%
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23.0B | $23.4B | $20.0B | $23.4B | $25.3B | $25.1B | $26.8B | $26.2B | $25.8B | $27.8B | $24.9B |
| Net income | $862M | $765M | $1.3B | $735M | $4.5B | $1.8B | -$3.1B | $8M | -$389M | -$1.8B | -$807M |
| Free cash flow | $6M | $1.7B | $2.1B | $735M | $931M | $2.3B | $1.6B | -$337M | -$357M | $1.5B | -$2.0B |
| EPS (diluted) | $0.15 | $0.13 | $0.23 | $0.13 | $0.79 | $0.32 | $-0.54 | $0.00 | $-0.07 | $-0.31 | $-0.14 |
| Net margin | 3.8% | 3.3% | 6.6% | 3.1% | 17.9% | 7.3% | -11.6% | 0.0% | -1.5% | -6.5% | -3.2% |
| ROIC | — | 2.5% | 6.6% | 5.5% | 7.0% | 8.4% | 3.9% | 1.9% | -0.2% | 0.1% | -3.0% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
Frequently asked questions
What is Nokia’s P/E ratio?
About 53.3, based on the last twelve months of diluted earnings per share (forward P/E about 16.7).
Is Nokia stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 48% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Nokia pay a dividend?
Yes. The dividend yield is about 1.67%, and it has paid dividends for 10 years in our data.
Is Nokia a good stock to buy?
We do not give buy or sell advice. Nokia scores 2.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.