NokiaNOK.NValuation Analysis
Based on the blended 10-year P/E and P/B percentiles, the stock currently sits in the “Richly Valued” zone.
As of Oct 16, 2026, Nokia (NOK.N) trades at a P/E of 65.00x, P/B of 2.17x, P/S of 2.27x, and a dividend yield of 1.04%.
Longitudinal percentile comparison: P/E sits at the 88th percentile over the trailing 10Y window (vs. 86th percentile over 3Y); P/B sits at the 95th percentile over the trailing 10Y window (vs. 85th percentile over 3Y); P/S sits at the 95th percentile over the trailing 10Y window (vs. 84th percentile over 3Y).
Cross-sectional valuation: its P/E ranks at the 86th percentile within its industry and the 89th percentile across the broader market.
Shareholder return highlight: Total Shareholder Yield is 2.44%, ranking at the 28th percentile over the trailing 20Y window.
The P/E and P/B long-window percentiles differ by only 7.5 points, pointing to a consistent valuation read across both metrics. Its P/E percentile is roughly the same whether measured against the industry or the broader market. Breaking down the total shareholder yield: 1.04% comes from cash dividends, with an implied ~1.40% from buybacks — a fairly balanced mix of both channels. Nokia operates in the Manufacturing sector. Data refreshes weekly and is for reference only, not investment advice.
Also listed as: NYSE: NOK · NOK
Want the full picture on whether Nokia (NOK.N) is under- or over-valued? See the full 3Y / 5Y / 10Y / 20Y P/E, P/B, P/S, Dividend Yield & Total Shareholder Yield percentile matrix and the interactive ECharts trend chart on this page.
Historical Percentiles by Metric
| Metric | Current | Market Percentile | Industry Percentile | 3Y Pctl | 5Y Pctl | 10Y Pctl | 20Y Pctl |
|---|---|---|---|---|---|---|---|
| P/E (TTM) | 65.00 | ||||||
| P/B (MRQ) | 2.17 | ||||||
| P/S (TTM) | 2.27 | ||||||
| Dividend Yield | 1.04% | ||||||
| Buyback + Div Yield | 2.44% |