Saturday 17 October 2026 Export NOK’s income statement to Excel — free account

Nokia Corporation

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.

9.14 0.43 −4.49%

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Market cap: $54.2B
P/E: 4.9×
Fwd P/E: —
Dividend yield: 1.78%
F-score: 6/9
Altman Z: 1.98
Beneish M: −2.56
Dividend safety: 38/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Nokia Corporation (NOK) P/E ratio

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As of 16 October 2026, Nokia Corporation (NOK) trades at a P/E ratio of 4.9×. Over the past ten years it has ranged from 0.0× (December 2021) to 64.6× (June 2020); the current reading is higher than 42% of that period. That is below the Communication Equipment industry median of 33.5× and below the Technology sector median of 28.2×.

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<iframe src="https://stockrow.com/embed/NOK/pe-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Nokia Corporation P/E ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/NOK/metrics/pe-ratio">Nokia Corporation (NOK) P/E ratio — stockrow.com</a></p>

Period	P/E ratio	Change
FY2025	3.5×	(80.28%)
FY2024	17.7×	(32.45%)
FY2023	26.2×	336.25%
FY2022	6.0×	(67.13%)
FY2021	18.3×	—
FY2020	0.0×	—
FY2019	0.0×	—
FY2018	0.0×	—
FY2017	0.0×	—
FY2016	0.0×	—

Period	P/E ratio	Change
Jun 2026	7.1×	66.95%
Mar 2026	4.3×	22.28%
Dec 2025	3.5×	38.15%
Sep 2025	2.5×	(90.23%)
42 more quarters	Free account

Against its own ten years

Low 0.0× High 64.6×

Ten-year median 5.6×

Current reading's percentile 11

Company	P/E ratio
LITE Lumentum Holdings Inc. compare	n/m
ASTS AST SpaceMobile, Inc. compare	n/m
NOK Nokia Corporation	4.9×
ERIC Ericsson compare	13.6×
HPE Hewlett Packard Enterprise Company compare	27.4×
ZBRA Zebra Technologies Corporation compare	33.5×
MSI Motorola Solutions, Inc. compare	36.1×
UI Ubiquiti Inc. compare	37.8×
CIEN Ciena Corporation compare	72.0×
Communication Equipment industry median	33.5×
Technology sector median	28.2×
Market median	18.1×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

Nokia Corporation (NOK) P/E ratio

P/E ratio, daily

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Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

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P/E ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/E ratio against peers

What P/E ratio is

More on NOK

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