Nokia Oyj (1NOKIA) Fair Value & Analysis
Technology · IT · Market cap €61.2B
Fair value as of: Jul 3, 2026
From 24 valuation models · updated today
Share price −25.8% over the past month.
Price vs Fair Value (12 months)
12‑month range €3.35 – €14.56 · fair‑value band €2.45 – €4.08 · the €10.81 price screens above the €3.27 fair value. As of Jul 3, 2026.
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Nokia Oyj (1NOKIA) currently trades at €10.81, while our model-based Fair Value estimate is €3.27 — implying the stock looks roughly 69.7% overvalued today. We read business quality at 67/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, Nokia Oyj generated revenue of €20.0B at a net margin of 4.0%. Revenue grew 2.4% year over year. It earns a return on equity of 3.7%. The stock trades on a trailing P/E of 78.4. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
Nokia Oyj, together with its subsidiaries, provides mobile, fixed, and cloud network solutions in North and Latin America, Greater China, India, Asia Pacific, Europe, the Middle East, and Africa. It operates in four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company offers fixed network solutions, such as fiber and copper technologies, access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP network solutions, which delivers IP edge routing and data center networking solutions for residential, mobile, enterprise, and cloud applications; and optical networks solutions, which provides optical transport networks for metro, regional, and long-haul applications. It also provides mobile technology products and services for radio access networks and microwave radio links for transport networks; and network management solutions, as well as network planning, optimization, network deployment, and …
Revenue & earnings trend
FY2022 – FY2025 · reported fiscal years
Nokia Oyj reported revenue of €19.9B in FY2025 versus €23.8B in FY2022, a compound −5.8%/yr. Reported net income was €651M in FY2025, compounding −46.5%/yr from FY2022.
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Recent news
- Can Nokia's Orange Belgium Network Upgrade Deal Aid the Stock?
- ANET Rises 56% in a Year: Should Investors Buy, Sell or Hold?
- Nokia (HLSE:NOKIA) Expands Into Defense With Military Networks And Anti Drone Partnerships
- Nokia (NOK) Joins Finnish Consortium to Develop National Counter-Drone Network
External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.
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| Stock | Price | Fair Value | vs Fair Value |
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| Cisco Systems, Inc CSCO | $130.00 | $35.93 | -72% |
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| Suzhou TFC Optical Communication Co 300394 | ¥457.00 | ¥57.46 | -87% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.