Pricing Log in Create free account
Friday 6 November 2026 Export NOK’s income statement to Excel — free account

Nokia Corporation

NOK Technology Communication Equipment

Nokia Corporation’s revenue for fiscal 2025 (year ended December 2025) was $22.5 billion, up 8.20% from fiscal 2024.

Revenue
+5.12%
EPS
+73.4%
Free cash flow
−112.3%
Total debt
−21.4%

Quarter to September 2026, against a year earlier

7.66 0.20 +2.68%
Market cap
$42.2B
P/E
47.1×
Fwd P/E
—
Dividend yield
2.16%
F-score
6/9
Altman Z
1.98
Beneish M
−2.56
Dividend safety
38/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Nokia Corporation (NOK) EV/Sales

Alert me on EV/Sales

As of 5 November 2026, Nokia Corporation (NOK) trades at a EV/Sales of 1.6×. Over the past ten years it has ranged from 0.4× (March 2020) to 3.9× (June 2026); the current reading is higher than 94% of that period. That is below the Communication Equipment industry median of 1.8× and below the Technology sector median of 2.6×.

EV/Sales, daily

Embed this chart

Annual newest first

Period EV/Sales Change
FY2025 1.4× 53.48%
FY2024 0.9× 49.92%
FY2023 0.6× (25.95%)
FY2022 0.8× (26.58%)
FY2021 1.1× 46.93%
FY2020 0.8× 5.77%
FY2019 0.7× (33.51%)
FY2018 1.1× 31.00%
FY2017 0.8× 1.32%
FY2016 0.8× (33.98%)

Quarterly newest first

Period EV/Sales Change
Sep 2026 2.2× (28.07%)
Jun 2026 3.0× 72.20%
Mar 2026 1.8× 26.20%
Dec 2025 1.4× 33.53%
43 more quarters

Against its own ten years

Low 0.4× High 3.9×
Ten-year median 1.0×
Current reading's percentile 93

EV/Sales against peers

Company EV/Sales
ERIC Ericsson compare 1.3×
NOK Nokia Corporation 1.6×
HPE Hewlett Packard Enterprise Company compare 1.7×
ZBRA Zebra Technologies Corporation compare 2.9×
CIEN Ciena Corporation compare 5.6×
MSI Motorola Solutions, Inc. compare 7.5×
UI Ubiquiti Inc. compare 9.5×
LITE Lumentum Holdings Inc. compare 12.6×
ASTS AST SpaceMobile, Inc. compare 84.9×
Communication Equipment industry median 1.8×
Technology sector median 2.6×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)

The full definition of EV/Sales →

More on NOK