Nokia Oyj (NOKIA) Fair Value & Analysis
Technology · FI · Market cap €69.7B
Fair value as of: Jun 24, 2026
From 24 valuation models · updated 8 days ago
Share price −25.4% over the past month.
Price vs Fair Value (12 months)
12‑month range €3.80 – €16.47 · fair‑value band €2.73 – €5.03 · the €12.00 price screens above the €3.88 fair value. As of Jun 24, 2026.
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Nokia Oyj (NOKIA) currently trades at €12.00, while our model-based Fair Value estimate is €3.88 — implying the stock looks roughly 67.7% overvalued today. We read business quality at 69/100 (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 Jun 24, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 24, 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 €629M in FY2025, compounding −21.1%/yr from FY2021.
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Recent news
- Nokia (NOK) Joins Finnish Consortium to Develop National Counter-Drone Network
- Nokia Rises 105.2% Year to Date: Is There More Upside Ahead?
- Notification under Chapter 9, Section 10 of the Finnish Securities Market Act: voting rights of FMR LLC in Nokia Corporation decreased below
- European Equities Traded in the US as American Depositary Receipts Rise in Tuesday Trading
External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.
Similar stocks
6 more Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Cisco Systems, Inc CSCO | $121.53 | $43.05 | -65% |
| Foxconn Industrial Internet Co 601138 | ¥78.88 | ¥18.01 | -77% |
| Zhongji Innolight Co 300308 | ¥1,382 | ¥223.88 | -84% |
| Eoptolink Technology Inc 300502 | ¥748.00 | ¥192.70 | -74% |
| Motorola Solutions, Inc MSI | $410.34 | $175.94 | -57% |
| Suzhou TFC Optical Communication Co 300394 | ¥411.08 | ¥64.02 | -84% |
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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.