Nokia (NOKBF)

Technology · Communication Equipment
$10.96 +6.93% on the day Market cap $57.7B 52-week range $4.99 to $17.40 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Nokia's free cash flow isn't comparable to its market value here, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

D

Five factors scored 1 to 9 from NOKBF's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation4
Profitability4
Growth2
Financial health5
Cash efficiency4

Key numbers

P/E (trailing)64.6x
P/E (forward)24.8x
Price / free cash flow39.4x
EV / EBITDA25.5x
Price / sales2.89x
Price / book2.15x
Revenue growth+3.5%
Operating margin4.5%
Net margin3.3%
Return on equity3.1%
Dividend yield1.4%
Debt / equity0.79x

Results from SEC filings

Fiscal years, from Nokia's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20212022202320242025
Revenue$22.2B$23.8B$21.1B$19.2B$19.9B
Net income$1.6B$4.2B$665M$1.3B$651M
Free cash flow$2.1B$873M$665M$2.0B$1.5B
EPS (diluted)$0.29$0.75$0.12$0.23$0.12
Operating margin9.7%9.7%8.2%10.2%4.4%

Where the revenue comes from

Revenue by segments, fiscal 2025.

Mobile Networks$7.8B39%
Optical Networks$3.0B15%
Cloud and Network Services$2.6B13%
IP Networks$2.6B13%
Fixed Networks$2.4B12%
Nokia Technologies$1.5B8%

Superinvestors who own NOKBF

From each investor's latest 13F filing (what a 13F shows).

None of the superinvestors we track held NOKBF in their latest 13F.

Insider buying

Open-market purchases by Nokia's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of NOKBF in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Nokia insiders buying the stock?

No open-market insider purchases of NOKBF in the last 12 months, according to SEC Form 4 filings.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.