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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
47.9×
Fwd P/E
—
Dividend yield
2.12%
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) P/S ratio

Alert me on P/S ratio

As of 6 November 2026, Nokia Corporation (NOK) trades at a P/S ratio of 1.7×. Over the past ten years it has ranged from 0.5× (March 2020) to 4.1× (June 2026); the current reading is higher than 89% of that period. That is in line with the Communication Equipment industry median of 1.7× and below the Technology sector median of 2.6×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 1.6× 33.50%
FY2024 1.2× 48.49%
FY2023 0.8× (21.70%)
FY2022 1.0× (24.75%)
FY2021 1.3× 51.66%
FY2020 0.9× 10.50%
FY2019 0.8× (34.81%)
FY2018 1.2× 18.69%
FY2017 1.0× (1.73%)
FY2016 1.0× (43.64%)

Quarterly newest first

Period P/S ratio Change
Sep 2026 2.3× (27.22%)
Jun 2026 3.2× 62.34%
Mar 2026 1.9× 24.71%
Dec 2025 1.6× 29.43%
43 more quarters

Against its own ten years

Low 0.5× High 4.1×
Ten-year median 1.2×
Current reading's percentile 88

P/S ratio against peers

Company P/S ratio
ERIC Ericsson compare 1.4×
HPE Hewlett Packard Enterprise Company compare 1.4×
NOK Nokia Corporation 1.7×
ZBRA Zebra Technologies Corporation compare 2.5×
CIEN Ciena Corporation compare 5.5×
MSI Motorola Solutions, Inc. compare 6.8×
UI Ubiquiti Inc. compare 9.5×
LITE Lumentum Holdings Inc. compare 12.8×
ASTS AST SpaceMobile, Inc. compare 79.0×
Communication Equipment industry median 1.7×
Technology sector median 2.6×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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