Nokia Corp
Research Nokia Corp (NOK) on Bullrun: valuation model: 21.3% overvalued, market cap USD 57.95B, P/E 71.5. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerNOK
- ExchangeNYSE
- CountryFinland
- SectorTechnology
- IndustryCommunication Equipment
- CurrencyUSD
- Valuation signal21.3% overvalued
- Market capUSD 57.95B
- P/E71.5
- Financial periodQ2 2026
- RevenueEUR 4.82B
- Net incomeEUR 2.00M
- Free cash flow-EUR 749.00M
- Gross margin44.6%
Valuation Snapshot
Bullrun's latest valuation model marks Nokia Corp as 21.3% overvalued; latest market cap is USD 57.95B; P/E is 71.5.
Peer valuation comparison
Latest P/E is 71.48x versus a Technology sector median of 28.57x (150.1% above).
Latest P/E is 71.48x versus a Finland median of 18.47x (286.9% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | EUR 19.89B | EUR 651.00M | EUR 1.47B | 43.5% | 0.12 | EUR 5.46B | EUR 4.41B | EUR 20.97B |
| FY2024 | EUR 19.22B | EUR 1.26B | n/a | n/a | 0.23 | EUR 6.62B | EUR 4.75B | EUR 20.66B |
| FY2023 | EUR 21.71B | EUR 659.00M | n/a | 39.9% | 0.11 | EUR 6.23B | EUR 5.19B | EUR 20.54B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 57.95B | 71.5 | n/a | n/a |
| 2025 | 2025-12-31 | USD 36.12B | 49.8 | 1.5% | 0.1 |
| 2024 | 2024-12-31 | USD 23.80B | 18.5 | 2.9% | 0.13 |
| 2023 | 2023-12-29 | USD 18.94B | 4.8 | 5.3% | 0.18 |
| 2022 | 2022-12-30 | USD 26.13B | 13.6 | 0.9% | 0.04 |
| 2021 | 2021-12-31 | USD 35.05B | 18.8 | n/a | n/a |
Dividend history
| Year | Dividends/share |
|---|---|
| FY2024 | 0.13 EUR |
| FY2023 | 0.18 EUR |
About Nokia Corp
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;
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Frequently asked questions
Is Nokia Corp overvalued or undervalued?
Bullrun's valuation model currently marks Nokia Corp as 21.3% overvalued.
What is Nokia Corp's market cap?
Nokia Corp's market capitalization is USD 57.95B.
What is Nokia Corp's P/E ratio?
Nokia Corp's price-to-earnings (P/E) ratio is 71.5.
What does Nokia Corp do?
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.