Nokia Oyj
NOKTechnologyNASDAQCommunication Equipment · Last scanned Jul 18, 2026
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Daily timeframeNokia Oyj, together with its subsidiaries, provides mobile, fixed, and cloud network solutions in North and Latin America, Greater China, India, Asia Pacific, Europe, the Middle East, and Africa. At a $56.50B market cap, Nokia Oyj ranks as a large-cap company within technology. It operates in four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies.
Market Cap
$56.50B
Beta
0.79
P/E (TTM)
63.25
P/E (Fwd)
20.57
EPS (TTM)
$0.16
EPS (Fwd)
$0.49
ROE
3.7%
ROA
2.8%
Cash
$5.83B
Total Debt
$3.32B
Free CF
$1.60B
52W Change
113.1%
Annual Financials
Cash vs Debt
Nokia Oyj holds $5.83B in cash against $3.32B in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. The company generates $1.60B in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of 3.7% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 2.8% is on the lower side, which is common in asset-heavy industries. Revenue has pulled back from $23.76B (2022) to $19.89B (2025), a 16% decline worth watching.
At over 50x earnings, NOK carries valuation risk — any slowdown in growth expectations could lead to meaningful price adjustments. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Nokia Oyj and its sector.