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. In the quarter to June 2026, revenue grew 8.48%, EPS fell 100.0%, free cash flow fell 624.6% and total debt fell 20.5%, each against the same quarter a year earlier.
Follow NOK
Nokia Corporation (NOK) EV/Sales
As of 16 October 2026, Nokia Corporation (NOK) trades at a EV/Sales of 2.0×. Over the past ten years it has ranged from −0.2× (September 2025) to 3.9× (June 2026); the current reading is higher than 96% of that period. That is in line with the Communication Equipment industry median of 2.0× and below the Technology sector median of 2.7×.
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 |
|---|---|---|
| Jun 2026 | 3.0× | 72.20% |
| Mar 2026 | 1.8× | 26.20% |
| Dec 2025 | 1.4× | — |
| Sep 2025 | −0.2× | — |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| ERIC Ericsson compare | 1.3× |
| HPE Hewlett Packard Enterprise Company compare | 2.0× |
| NOK Nokia Corporation | 2.0× |
| ZBRA Zebra Technologies Corporation compare | 3.5× |
| MSI Motorola Solutions, Inc. compare | 7.0× |
| CIEN Ciena Corporation compare | 8.0× |
| UI Ubiquiti Inc. compare | 11.0× |
| LITE Lumentum Holdings Inc. compare | 20.0× |
| ASTS AST SpaceMobile, Inc. compare | 111× |
| Communication Equipment industry median | 2.0× |
| Technology sector median | 2.7× |
| 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)