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NOK

Nokia Oyj

Technology · $52.1B market cap

Verdict

Share price

$10.60

close of Oct 3, 2026

Fair value

$6.69

Sticker Price

Payback Price

$2.67

buy price

Overpriced

NOK is Overpriced: at $10.60 it trades 59% above its fair value of $6.69. Its buy price (Payback Price) is $2.67, 75% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

Owner Earnings. Earnings have been shrinking, but the business still generates cash, so we value it on its cash flow instead of its earnings.

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth-6.8% a year✗
Equity per share growth0.5% a year✗
Sales growth-2.9% a year✗
Free cash flow growth-6.3% a year✗
Return on invested capital2.9%✗

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Superinvestors

2 of the investors we track hold NOK. In Q2 2026, 1 trimmed and 1 sold out. Who we track

Richard Pzena

Pzena Investment Management · as of Q2 2026

$66.5M

5,010,906 shares

Thomas Russo

Gardner Russo & Quinn · as of Q2 2026

$1.2M

27,500 shares

Moves in Q2 2026

Trimmed: Richard Pzena

Sold out: Howard Marks

About Nokia Oyj

Nokia Oyj stands as a global technology leader, delivering comprehensive network infrastructure and solutions across mobile, fixed, and cloud domains. Its operations are structured into four primary divisions: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. The Mobile Networks segment furnishes radio access network technologies, spanning from 2G to 5G, alongside crucial…

Communication Equipment

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works