Nokia Oyj

Nokia Oyj

83.84
SEK
+0.74
(+0.89%)
1.43EPS
90.15P/E
716.63BMarket Cap
Feb 04Next Earn

Total Valuation

SEK

As of June 30, 2026, Nokia Oyj carries a market capitalization of 716.63B, placing it among publicly traded companies globally. Its enterprise value stands at 698.08B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Market Cap716.63B
Enterprise Value698.08B

Important Dates

Nokia Oyj's next confirmed earnings release is scheduled for February 4, 2027.

Earnings Date2/4/2027

Share Statistics

As of June 30, 2026, Nokia Oyj has 5.60B shares outstanding.

Shares Outstanding5.60B

Valuation Ratios

As of June 30, 2026, Nokia Oyj trades at a trailing price-to-earnings ratio of 90.15. The price-to-sales ratio is 3.15, and the price-to-book ratio stands at 3.05.

PE Ratio90.15
PS Ratio3.15
PB Ratio3.05
P/TBV Ratio4.71
P/FCF Ratio121.97
P/OCF Ratio56.23

Enterprise Valuation

As of June 30, 2026, Nokia Oyj trades at an EV/EBITDA multiple of 35.39 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 3.11 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 79.68 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. Nokia Oyj trades at an EV/FCF ratio of 117.58, comparing the total takeover cost of the business to the cash it actually generates for all capital providers. These enterprise value multiples are built on an enterprise value of 698.08B versus a market cap of 716.63B, with the gap driven by net debt and cash on the balance sheet.

EV / Sales3.11
EV / EBITDA35.39
EV / EBIT79.68
EV / FCF117.58

Financial Position

As of June 30, 2026, Nokia Oyj maintains a current ratio of 1.51, meaning it holds 1.5x the short-term assets needed to cover near-term liabilities.

Current Ratio1.51
Quick Ratio1.22
Debt / Equity15.78
Debt / EBITDA1.89

Financial Efficiency

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Over the twelve months ended June 30, 2026, Nokia Oyj posted a return on equity (ROE) of 3.46, showing how much profit the company earns on every dollar of shareholder capital. Return on invested capital (ROIC) comes in at 2.17 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 1.93, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 2.88, useful for judging operating efficiency across full business cycles. The company generates approximately 2.18M in revenue per employee across its workforce of 103,000.00, a quick read on workforce productivity versus industry peers. Inventory turnover of 4.32 indicates how many times Nokia Oyj sells and replaces its inventory over a year, a key working capital efficiency ratio.

Return on Equity (ROE)3.46
Return on Assets (ROA)1.93
Return on Invested Capital (ROIC)2.17
Return on Capital Employed (ROCE)2.88
Revenue Per Employee2.18M
Employee Count103,000.00
Inventory Turnover4.32

Taxes

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Over the twelve months ended June 30, 2026, Nokia Oyj recorded 3.92B in income tax expense. That works out to an effective tax rate of 32.75, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 11.97B, leaving 7.84B in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

Income Tax3.92B
Effective Tax Rate32.75

Stock Price Statistics

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As of the close on October 23, 2026, Nokia Oyj's stock has gained approximately 46.83% over the past 52 weeks. The 50-day moving average sits at 99.62, while the 200-day moving average is 97.04.

52-Week Price Change46.83%
50-Day Moving Average99.62
200-Day Moving Average97.04

Income Statement

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Over the twelve months ended June 30, 2026, Nokia Oyj generated 224.46B in revenue and converted that into 7.84B in net income, yielding earnings per share of 1.43. EBITDA reached 19.73B, while operating income came in at 7.63B.

Revenue224.46B
Gross Profit99.66B
Operating Income7.63B
Pretax Income11.97B
Net Income7.84B
EBITDA19.73B
EBIT8.76B
Earnings Per Share (EPS)1.43

Balance Sheet

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As of June 30, 2026, Nokia Oyj holds 56.82B in cash and equivalents against 37.21B in total debt, resulting in a net debt position of -21.58B. Total book value stands at 234.76B, with working capital of 54.85B providing operational flexibility.

Cash & Cash Equivalents56.82B
Total Debt37.21B
Net Debt-21.58B
Equity (Book Value)234.76B
Book Value Per Share41.93
Working Capital54.85B

Cash Flow

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Nokia Oyj produced 12.57B in operating cash flow over the twelve months ended June 30, 2026. After subtracting -6.63B in capital expenditures, free cash flow totaled 5.94B - equivalent to 1.07 per share.

Operating Cash Flow12.57B
Capital Expenditures-6.63B
Free Cash Flow5.94B
FCF Per Share1.07

Margins

Over the twelve months ended June 30, 2026, Nokia Oyj posted a gross margin of 44.40, reflecting its pricing power and cost economics. The operating margin of 3.40 and net profit margin of 3.49 provide insight into operational efficiency.

Gross Margin44.40
Operating Margin3.40
Pretax Margin5.33
Profit Margin3.49
EBITDA Margin8.79

Dividends & Yields

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Over the twelve months ended June 30, 2026, Nokia Oyj paid dividends of 1.55 per share. The dividend payout ratio of 104.88 exceeds 100%, meaning the company is distributing more than it earns and funding the dividend from cash reserves, asset sales, or borrowing, a key gauge of how sustainable the dividend is and how much room remains for future dividend growth. Free cash flow yield stands at 0.82, showing how much cash the business generates relative to its market value - dividends covered by free cash flow are generally more durable than those funded by debt. Total shareholder yield reaches 2.06, combining dividends paid with share buybacks and debt reduction for a fuller picture of capital returned to Nokia Oyj shareholders.

Dividend Per Share1.55
Payout Ratio104.88
Shareholder Yield2.06
FCF Yield0.82

Stock Splits

Nokia Oyj's most recent stock split took place on April 10, 2000 with a 1:4 split ratio.

Last Split Date4/10/2000
Split Ratio1:4

Scores

As of June 30, 2026, Nokia Oyj has an Altman Z-Score of 3.46, well above the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.

Altman Z-Score3.46