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STOCK COMPARISON

Nokia vs Cisco Systems: Fair Value & Quality

Both stocks run through our valuation models. Here is how Nokia (NOKIA) and Cisco Systems (CSCO) compare, as of Aug 10, 2026.

As of Aug 10, 2026, Fair Value Calculator sees Cisco Systems as the less overvalued of the two: Nokia trades at €8.16 versus a fair value of €2.25 (-72%), while Cisco Systems trades at $121 versus $56.19 (-54%).
Nokia
NOKIA.HE · EUR · Information Technology
-72%
upside to fair value
overvalued
Price€8.16
Fair Value€2.25
Quality61/100
Cisco Systems
CSCO · USD · Information Technology
-54%
upside to fair value
overvalued
Price$121
Fair Value$56.19
Quality74/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

NokiaCisco Systems
Valuation
77.8×P/E (TTM)40.4×
3.52×P/S (TTM)7.87×
3.35×P/B10.21×
26.5×EV/EBITDA29.0×
1.21×PEG1.68×
1.3%Dividend yield1.4%
€0.14Dividend per share$1.65
Profitability
4%Net margin20%
5%Operating margin25%
4%Return on equity25%
3%Return on assets7%
Growth
2%Revenue growth (YoY)12%
-7.2%Avg. growth/yr (3Y)3.2%
-1.9%Avg. growth/yr (5Y)2.8%
Balance & size
0.11×Debt / equity0.49×
$70BMarket cap$478B
mixedGrowth qualityhealthy

Cisco Systems leads: 5 to 9 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Nokiaof which business quality 60 · market factors 63 Cisco Systemsof which business quality 70 · market factors 84
ProfitabilityMargins and returns on capital today
30
58
Quality GrowthAre margins and returns improving?
28
46
CashflowEarnings quality: real cash, not paper profit
61
85
Fin. StrengthBalance sheet, leverage, solvency risk
71
64
InvestmentDisciplined investing over empire-building
98
75
Low VolatilityCalm price path (market factor)
46
61
MomentumPrice trend over the last 3–12 months (market factor)
70
95
52W MomentumDistance to the 52-week high (market factor)
71
94
Net IssuanceBuybacks instead of dilution
89
97

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Nokia

DCF Models€4.00
Earnings-Based€2.14
Dividend Discount€1.47
Multiples€3.32
Asset-Based€2.52
Growth DCF€4.25
Economic Profit€3.00
Growth Earnings€1.71

24 of 24 models see the stock below the current price.

Cisco Systems

DCF Models$56.75
Earnings-Based$25.45
Dividend Discount$31.20
Multiples$40.16
Asset-Based$7.96
Growth DCF$56.88
Economic Profit$28.50
Growth Earnings$40.89

26 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Nokia
Bear €1.69Fair Value €2.25Bull €2.82
€8.16 = current price (white tick)
Cisco Systems
Bear $40.50Fair Value $56.19Bull $71.87
$121 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Nokia · Information Technology

Quality score61 · above median
Fair value upside-72% · bottom 25%

Cisco Systems · Information Technology

Quality score74 · Top 25%
Fair value upside-54% · below median

Bottom line

As of Aug 10, 2026, Fair Value Calculator sees Cisco Systems as the less overvalued of the two: Nokia trades at €8.16 versus a fair value of €2.25 (-72%), while Cisco Systems trades at $121 versus $56.19 (-54%).

Cisco Systems has the higher quality score (74/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.