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

7.68 0.22 +2.95%

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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

Nokia Corporation (NOK) P/E ratio

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As of 5 November 2026, Nokia Corporation (NOK) trades at a P/E ratio of 47.1×. Over the past ten years it has ranged from 0.0× (December 2021) to 101× (June 2026); the current reading is higher than 87% of that period. That is above the Communication Equipment industry median of 29.9× and above the Technology sector median of 25.7×.

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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	47.1×	165.93%
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
Sep 2026	63.4×	(29.71%)
Jun 2026	90.2×	87.60%
Mar 2026	48.1×	1.98%
Dec 2025	47.1×	83.50%
43 more quarters	Free account

Against its own ten years

Low 0.0× High 101×

Ten-year median 9.0×

Current reading's percentile 77

Company	P/E ratio
LITE Lumentum Holdings Inc. compare	n/m
ASTS AST SpaceMobile, Inc. compare	n/m
ERIC Ericsson compare	17.2×
HPE Hewlett Packard Enterprise Company compare	22.3×
ZBRA Zebra Technologies Corporation compare	25.9×
UI Ubiquiti Inc. compare	32.4×
MSI Motorola Solutions, Inc. compare	41.3×
NOK Nokia Corporation	47.1×
CIEN Ciena Corporation compare	50.6×
Communication Equipment industry median	29.9×
Technology sector median	25.7×
Market median	17.9×

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

Annual newest first

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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