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Nokia Corp ADR(NOK)
Top performer 
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for NOK
10/26/2026: NOK (5-star) is currently NOT-A-BUY. Pass it for now.
Nokia Corp ADR is a global provider of network infrastructure and communication technology, having transitioned from a consumer mobile phone company to a pure-play B2B enterprise. Its business is built on a leading position in mobile and fixed-line networks, supported by a significant intellectual property portfolio that provides steady, high-margin licensing income. The primary investment story rests on 5G network modernization and the expansion of private wireless networks for industrial enterprises. However, the company faces risks from intense global competition, geopolitical trade barriers, and cyclical capital expenditure patterns. Nokia may suit value-oriented or income-focused investors who monitor its progress in diversifying revenue through network software and automation initiatives.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Nokia offers moderate growth potential tied to 5G and private network adoption rather than explosive technology growth. |
| Momentum investor | Weak fit | The stock often lacks the high-velocity price trends sought by pure momentum traders. |
| Value investor | Strong fit | The stock often trades at a valuation that reflects its stable infrastructure business and asset value. |
| Dividend investor | Strong fit | Nokia has established a reliable dividend payout policy suitable for income-focused portfolios. |
| Low-risk investor | Mixed fit | The business is stable, but sector-specific volatility and geopolitical risks introduce meaningful uncertainty. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | The stock is subject to swings based on telecom carrier spending cycles and global trade news. |
| Valuation risk | Low | The current valuation is generally considered reasonable relative to book value and cash flow. |
| Competition risk (Telecommunications equipment) | High | Nokia faces intense price and innovation pressure from Ericsson and Huawei. |
| Business quality | Medium | It is a reliable infrastructure business, though margins are compressed in the competitive RAN segment. |
| Dividend income | Medium | The dividend is sustainable but not the primary driver of total returns. |
| Execution risk | Medium | Successfully integrating large acquisitions and meeting R&D milestones for 6G is critical for long-term health. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit 153.07% | Avg. Invested days 51 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/26/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 45.57B USD | Price to earnings Ratio 50.88 | 1Y Target Price 14.52 |
Price to earnings Ratio 50.88 | 1Y Target Price 14.52 | ||
Volume (30-day avg) 83.9M shares | Beta 0.73 | 52 Weeks Range 5.79 - 17.36 | Updated Date 10/25/2026 |
52 Weeks Range 5.79 - 17.36 | Updated Date 10/25/2026 | ||
Dividends yield (FY) 1.78% | Basic EPS (TTM) 0.16 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Network Infrastructure | IP, optical, and fixed network hardware and software for carriers. | The backbone of the internet that generates steady, long-term contracts. |
| Mobile Networks | Radio access hardware (5G) for mobile operators. | The primary cyclical engine that depends on how much phone companies spend on upgrades. |
| Nokia Technologies | Patent licensing and R&D monetization. | High-profit margins that act as a stabilizer for the overall business. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2026-10-22 | When Before Market | Estimate 0.08 | Actual 0.1 |
Profitability
Profit Margin 3.75% | Operating Margin (TTM) 10.81% |
Management Effectiveness
Return on Assets (TTM) 3.49% | Return on Equity (TTM) 3.88% |
Valuation
Trailing PE 50.88 | Forward PE 24.88 | Enterprise Value 57.56B | Price to Sales(TTM) 2.19 |
Enterprise Value 57.56B | Price to Sales(TTM) 2.19 | ||
Enterprise Value to Revenue 2.46 | Enterprise Value to EBITDA 25 | Shares Outstanding 5.60B | Shares Floating 4.51B |
Shares Outstanding 5.60B | Shares Floating 4.51B | ||
Percent Insiders 2.94 | Percent Institutions 15.85 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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