# Nokia Corporation Sponsored (NOK) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Technology / Networking & Communications Equipment. Price $8.48, market value $47.5 billion.

## Valuation
- **P/E (trailing): 53.0×** (5-yr avg 24.9×, 3-yr avg 33.1×). Nokia Corporation Sponsored trades at 53.0× trailing earnings, well above its own five-year average of 24.9×: investors are paying up relative to the company's past. The Technology median in the September 2026 study was 32.1×. Forward P/E is 17.5×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 2.1×**. Each dollar of revenue is priced at 2.1×.
- **Price / book: 2.0×**. The shares trade at 2.0× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 20.6×**. Enterprise value is 20.6× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 0.0%**. Free cash flow equals 0.0% of the market value.
- **Earnings yield: 1.9%**. The inverse of the P/E: 1.9% of the price is earned each year.

## Profitability
- **Gross margin: 44.0%**. Nokia Corporation Sponsored keeps 44.0% of revenue after the direct cost of what it sells.
- **Operating margin: 3.1%**. 3.1% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 3.3%**. 3.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 3.1%**. 3.1% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 2.7%**. Return on all capital, debt included, is 2.7%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 2.1%**. Each dollar of assets produces 2.1% of profit.

## Growth
- **Revenue growth (1 yr): 3.5%** (3-yr -5.8%/yr, 5-yr -1.9%/yr). Revenue grew 3.5% over the last year, against -1.9% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -47.8%** (3-yr -45.7%/yr). Earnings per share fell 47.8%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.11**. Debt is 0.11 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Nokia Corporation Sponsored holds more cash than debt.
- **Current ratio: 1.58** (quick 1.58). Current assets cover the next year's liabilities 1.58 times.
- **Altman Z-score: 3.30**. A Z-score of 3.30 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.59%** ($0.13 per share, trailing). Nokia Corporation Sponsored yields 1.59%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 115%**. The dividend exceeds earnings (115% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 4**. 4 straight years of increases.

## Analyst view
- **Analyst consensus: buy** (12 analysts). 12 analysts cover Nokia Corporation Sponsored; the consensus is buy, with an average price target of $14.52 (+71% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 20.1%** (YTD 28.3%, 3-mo -11.3%). The shares are up 20.1% over twelve months including dividends.
- **From 52-week high: -51.4%** (44.7% above the low). Trading 51% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 38**. An RSI of 38 is neutral.
- **Beta (1 yr): 1.99** (volatility 61%). Beta of 1.99 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NOK · Page: https://foliofundamentals.com/stocks/nok

Not investment advice.