Nokia Oyj (NOK) Fair Value & Analysis
Technology · US · Market cap $75.3B
Nokia Oyj
NOK · US
Fair value as of: Jul 17, 2026
From 24 valuation models · updated 8 days ago
Fair value updated Jul 17, 2026, revised from $2.65 to $2.67 (+0.8%) since Jun 24, 2026. Share price −34.1% over the past month.
Price vs Fair Value (12 months)
12‑month range $4.01 – $16.85 · fair‑value band $2.00 – $3.33 · the $9.10 price screens above the $2.67 fair value. As of Jul 17, 2026.
✦ Which stocks are undervalued right now? Check free Discover now →Analysis
Nokia Oyj (NOK) currently trades at $9.10, while our model-based Fair Value estimate is $2.67, implying the stock looks roughly 70.7% overvalued today. We read business quality at 61/100 (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 balance sheet holds a net cash position of $252M. Fundamentals as of Jul 17, 2026
Our scenario range runs from $2.00 (bear case) to $3.33 (bull case); at $9.10, the current price sits above that range. The share trades about 48% below its 52-week high and 130% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at -71%, NOK screens richer than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 17, 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
FY2021 – FY2025 · reported fiscal years
Nokia Oyj reported revenue of $19.9B in FY2025 versus $22.2B in FY2021, a compound −2.7%/yr. Reported net income was $651M in FY2025, compounding −20.4%/yr from FY2021.
Is NOK fairly valued? → Check now
Recent news
- Is Nokia Stock a Smart Buy Ahead of Q2 Earnings Release?
- Can Viasat's Satellite Voice Calling Demo for BMW Drive Growth?
- Earnings week ahead: GM, TSLA, GOOG, INTC, VZ, AMC, T, IBM, NOK, LMT, and more
- 'Wrong Picks or Just Bad Timing?' A Newbie Investor Wonders Why Their Stock Portfolio Fell 9%. Here Are the Stocks They Bought
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection, not financial advice.
Similar stocks
10 more Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Cisco Systems, Inc CSCO | $118.80 | $43.05 | -64% |
| Zhongji Innolight Co 300308 | ¥1,147 | ¥238.71 | -79% |
| Foxconn Industrial Internet Co 601138 | ¥74.06 | ¥43.92 | -41% |
| Eoptolink Technology Inc 300502 | ¥551.79 | ¥216.60 | -61% |
| Motorola Solutions, Inc MSI | $392.23 | $190.24 | -51% |
| Suzhou TFC Optical Communication Co 300394 | ¥411.08 | ¥64.02 | -84% |
| Telefonaktiebolaget LM Ericsson (publ), ERIXF | $11.46 | $19.30 | +68% |
| Accton Technology Corporation 2345 | 2,735 TWD | 846.28 TWD | -69% |
| Ubiquiti Inc UI | $557.55 | $262.45 | -53% |
| ZTE Corporation 000063 | ¥39.13 | ¥13.93 | -64% |
Explore undervalued stocks
More undervalued Technology stocks →
Frequently asked questions
Is Nokia Oyj (NOK) undervalued?
What is the fair value of NOK?
What is the quality score of NOK?
What is the revenue of Nokia Oyj (NOK)?
What is the net profit margin of NOK?
Does Nokia Oyj pay a dividend?
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.
Unlock the full Nokia Oyj analysis, and try Pro free
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.
Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.