NYSE · NOK
Nokia Oyj
Technology · Communication Equipment
$8.56▼ 8.06% ($0.75)at close
After hours$8.52▼ 0.47%7:59 PM ET
Valuation
Revenue & margin DCF
Verdict: fairly priced. Price above Base.
The price needs 8.2% revenue growth a year for 10 years. Our scenarios assume 0.6–4.4%.
Its past 4 years averaged −2.7% a year.
Value per share
Base case
$4.84
Price used $8.56 is 1.8× this
USD · TTM ending Sep 30, 2026 · Price Oct 30, 8:00 PM UTC
Revenue each value needs
Revenue today $23B. The price needs $50.7B by 2036. Base case: $24.9B. At its recent pace: $17.4B. Bear to Bull: $24.4B to $35.3B.
Revenue today $23B. The price needs $50.7B by 2036. Base case: $24.9B. At its recent pace: $17.4B. Bear to Bull: $24.4B to $35.3B.
Revenue in 2036
today $23B
+$25.8Bmore than the Base case · 2.0×
Value per share · Base case
$4.84
Price $8.56
1.8× this
- 10-yr revenue CAGR
- 0.8%
- Ending operating margin
- 6.3%
- Discount rate
- 8.0%
USD · TTM ending Sep 30, 2026 · Price Oct 30, 8:00 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 20.06% over the last year. Revenue grew 4.11% over the trailing twelve months. Operating margin moved from 3.78% to 6.3%. Free cash flow declined 99.52% over the trailing twelve months. The price is in USD and the financials are reported in EUR, so a currency move can look like a change in valuation.
What the market seems to be pricing
The stock has moved higher with no clear directional signal from operating metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 6.3%. A decisive move in revenue — currently up 4.11% — would be the clearest signal to resolve the ambiguity.
Return analysis
Company profile
Nokia Oyj stands as a global technology leader, delivering comprehensive network infrastructure and solutions across mobile, fixed, and cloud domains.
Market multiples
Stock splits
Every 1 shares became 4
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Profitability & growth
Analyst consensus
32
Buy
16
Hold
5
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Actuals vs estimates by quarter, or any quarter against the same one a year earlier.
Next report
Feb 4, 2027
Q4 FY26 · EPS est $0.17 · Revenue est $7.1B
Same quarter, year over year
FY26 YTD +60.0%Each cell vs the same quarter a year earlier (the cell below) · Q1–Q3 combined $0.24 vs $0.15 · all 3 quarters up
Q1
Q2
Q3
Q4
FY total
FY26
—
FY25
FY24
FY23
—
—
—
—
Fiscal year totals
- FY25
- $0.36
- -13.4%
- FY24
- $0.42
- —
Q3 FY26
Reported Oct 22, 2026 · Latest
HoverTap a cell to inspect
Actual
$0.10
Estimate
$0.08
Year over year
+42.9%
Vs prior quarter
+25.0%
Institutional Sentiment
Nokia Oyj · NOK
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.