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Nokia Oyj NOK

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Price alert · NOK

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8.48 USD +0.18 (+2.17%)

At closeNov 3, 2026, 7:25 PM EST

8.52 +0.04 +0.47%

After hours · Nov 3, 7:25 PM ET

8.46 Day range 8.63
5.86 52-week range 17.45
YTD
+31.07%
1 year
+18.60%

Financial health

Altman Z-Score

2.34 Grey zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

5 / 9 Average

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

B3 / 5 overall

  • DCF 4
  • Return on Equity 2
  • Return on Assets 3
  • Debt / Equity 3
  • P/E 1
  • P/B 4

Valuation

P/E 50.1×
FY 2016: -35.1×FY 2017: -15.3×FY 2018: -82.7×FY 2019: 1034×FY 2020: -7.1×FY 2021: 18.9×FY 2022: 5.7×FY 2023: 25.8×FY 2024: 18.6×FY 2025: 50.1×
FY 2016 5y median 18.9× FY 2025
P/S 1.5×
FY 2016: 1.1×FY 2017: 1.0×FY 2018: 1.2×FY 2019: 0.8×FY 2020: 0.8×FY 2021: 1.4×FY 2022: 1.0×FY 2023: 0.8×FY 2024: 1.2×FY 2025: 1.5×
FY 2016 5y median 1.2× FY 2025
P/B 1.4×
FY 2016: 1.3×FY 2017: 1.4×FY 2018: 1.8×FY 2019: 1.1×FY 2020: 1.2×FY 2021: 1.8×FY 2022: 1.1×FY 2023: 0.8×FY 2024: 1.1×FY 2025: 1.4×
FY 2016 5y median 1.1× FY 2025
P/FCF 20.4×
FY 2016: -13.6×FY 2017: 18.5×FY 2018: -90.1×FY 2019: -61.8×FY 2020: 14.0×FY 2021: 14.9×FY 2022: 27.9×FY 2023: 25.8×FY 2024: 11.6×FY 2025: 20.4×
FY 2016 5y median 20.4× FY 2025
EV/EBITDA 13.1×
FY 2016: 41.9×FY 2017: 11.8×FY 2018: 18.6×FY 2019: 8.4×FY 2020: 8.2×FY 2021: 9.2×FY 2022: 6.9×FY 2023: 5.5×FY 2024: 6.3×FY 2025: 13.1×
FY 2016 5y median 6.9× FY 2025
EV/Sales 1.5×
FY 2016: 1.0×FY 2017: 0.8×FY 2018: 1.1×FY 2019: 0.8×FY 2020: 0.8×FY 2021: 1.3×FY 2022: 1.0×FY 2023: 0.8×FY 2024: 1.1×FY 2025: 1.5×
FY 2016 5y median 1.1× FY 2025
FCF Yield 4.9%
FY 2016: -7.4%FY 2017: 5.4%FY 2018: -1.1%FY 2019: -1.6%FY 2020: 7.1%FY 2021: 6.7%FY 2022: 3.6%FY 2023: 3.9%FY 2024: 8.6%FY 2025: 4.9%
FY 2016 5y median 4.9% FY 2025

Profitability

Gross Margin 43.5%
FY 2016: 36.1%FY 2017: 39.5%FY 2018: 36.8%FY 2019: 35.4%FY 2020: 37.5%FY 2021: 39.8%FY 2022: 42.5%FY 2023: 40.4%FY 2024: 46.1%FY 2025: 43.5%
FY 2016 5y median 42.5% FY 2025
Operating Margin 3.9%
FY 2016: -4.7%FY 2017: 0.1%FY 2018: -0.3%FY 2019: 2.1%FY 2020: 4.0%FY 2021: 9.7%FY 2022: 10.3%FY 2023: 7.0%FY 2024: 8.3%FY 2025: 3.9%
FY 2016 5y median 8.3% FY 2025
Net Margin 3.3%
FY 2016: -3.2%FY 2017: -6.5%FY 2018: -1.5%FY 2019: 0.0%FY 2020: -11.5%FY 2021: 7.3%FY 2022: 17.9%FY 2023: 3.1%FY 2024: 6.6%FY 2025: 3.3%
FY 2016 5y median 6.6% FY 2025
ROE 3.1%
FY 2016: -3.8%FY 2017: -9.3%FY 2018: -2.2%FY 2019: 0.0%FY 2020: -16.5%FY 2021: 9.3%FY 2022: 19.9%FY 2023: 3.2%FY 2024: 6.2%FY 2025: 3.1%
FY 2016 5y median 6.2% FY 2025
ROIC 1.9%
FY 2016: -2.2%FY 2017: 0.1%FY 2018: -0.2%FY 2019: 0.2%FY 2020: -9.1%FY 2021: 6.6%FY 2022: 8.0%FY 2023: 2.2%FY 2024: 4.5%FY 2025: 1.9%
FY 2016 5y median 4.5% FY 2025
ROA 1.7%
FY 2016: -1.7%FY 2017: -3.6%FY 2018: -0.8%FY 2019: 0.0%FY 2020: -5.4%FY 2021: 4.1%FY 2022: 9.9%FY 2023: 1.7%FY 2024: 3.3%FY 2025: 1.7%
FY 2016 5y median 3.3% FY 2025

Growth (YoY)

Revenue 3.5%
FY 2016: 88.2%FY 2017: -2.1%FY 2018: -2.5%FY 2019: 3.3%FY 2020: -6.3%FY 2021: 1.6%FY 2022: 7.0%FY 2023: -11.0%FY 2024: -9.1%FY 2025: 3.5%
FY 2016 FY 2025
Operating Income -50.8%
FY 2016: -164.8%FY 2017: 101.5%FY 2018: -468.8%FY 2019: 922.0%FY 2020: 82.5%FY 2021: 143.8%FY 2022: 13.3%FY 2023: -39.9%FY 2024: 8.2%FY 2025: -50.8%
FY 2016 FY 2025
EPS (diluted) -52.2%
FY 2016: -121.0%FY 2017: -100.0%FY 2018: 76.6%FY 2019: 105.3%FY 2020: -14162.5%FY 2021: 164.4%FY 2022: 158.6%FY 2023: -84.0%FY 2024: 91.7%FY 2025: -52.2%
FY 2016 FY 2025
Free Cash Flow -27.5%
FY 2016: -1101.0%FY 2017: 162.7%FY 2018: -125.8%FY 2019: 3.8%FY 2020: 526.7%FY 2021: 61.3%FY 2022: -57.7%FY 2023: -23.8%FY 2024: 203.9%FY 2025: -27.5%
FY 2016 FY 2025

Financial Health

Current Ratio 1.6×
FY 2016: 1.6×FY 2017: 1.6×FY 2018: 1.3×FY 2019: 1.4×FY 2020: 1.5×FY 2021: 1.6×FY 2022: 1.6×FY 2023: 1.7×FY 2024: 1.6×FY 2025: 1.6×
FY 2016 5y median 1.6× FY 2025
Quick Ratio 1.4×
FY 2016: 1.4×FY 2017: 1.3×FY 2018: 1.1×FY 2019: 1.2×FY 2020: 1.4×FY 2021: 1.4×FY 2022: 1.3×FY 2023: 1.4×FY 2024: 1.4×FY 2025: 1.4×
FY 2016 5y median 1.4× FY 2025
Debt / Equity 0.2×
FY 2016: 0.2×FY 2017: 0.2×FY 2018: 0.2×FY 2019: 0.3×FY 2020: 0.5×FY 2021: 0.3×FY 2022: 0.3×FY 2023: 0.3×FY 2024: 0.2×FY 2025: 0.2×
FY 2016 5y median 0.3× FY 2025
Net Debt / EBITDA -0.1×
FY 2016: -6.4×FY 2017: -2.3×FY 2018: -1.8×FY 2019: -0.3×FY 2020: -0.3×FY 2021: -0.3×FY 2022: 0.0×FY 2023: -0.4×FY 2024: -0.5×FY 2025: -0.1×
FY 2016 5y median -0.3× FY 2025
Interest Coverage 3.6×
FY 2016: -3.2×FY 2017: 0.0×FY 2018: -0.2×FY 2019: 1.8×FY 2020: 3.6×FY 2021: 7.7×FY 2022: 9.0×FY 2023: 4.8×FY 2024: 4.4×FY 2025: 3.6×
FY 2016 5y median 4.8× FY 2025

Dividends

Dividend Yield 2.5%
FY 2016: 5.8%FY 2017: 4.3%FY 2018: 3.8%FY 2019: 3.1%FY 2020: 0.8%FY 2021: 0.0%FY 2022: 1.5%FY 2023: 3.6%FY 2024: 3.1%FY 2025: 2.5%
FY 2016 5y median 2.5% FY 2025
Payout Ratio 116.6%
FY 2016: -197.7%FY 2017: -64.9%FY 2018: -322.7%FY 2019: 8142.9%FY 2020: -5.9%FY 2021: 0.6%FY 2022: 8.3%FY 2023: 91.9%FY 2024: 56.6%FY 2025: 116.6%
FY 2016 5y median 56.6% FY 2025

Annual · latest fiscal year ends 2025-12-31