Nokia OyjMEX:NOKN -7.87%47 Days Payable is 112.12 as of Mar. 2026, which is 9% above its 10-year median of 102.55. GuruFocus rates MEX:NOKN with a GF Score™ of 47/100 and a GF Value™ of MXN84.28 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,438 Hardware companies, Nokia Oyj ranks better than 67.84% on this metric.
Nokia Oyj's average Accounts Payable for the
three
months ended in Mar. 2026 was MXN64,270 Mil. Nokia Oyj's Cost of Goods Sold for the
three
months ended in Mar. 2026 was MXN52,305 Mil.
Hence, Nokia Oyj's Days Payable for the
three
months ended in Mar. 2026 was 112.12.
The historical rank and industry rank for Nokia Oyj's Days Payable or its related term are showing as below:
MEX:NOKN'
s Days Payable Range Over the Past 10 Years
Min: 68.7 Med: 102.55 Max: 118.16
Current: 99.36
During the past 13 years, Nokia Oyj's highest Days Payable was 118.16. The lowest was 68.70. And the median was 102.55.
MEX:NOKN's Days Payable is ranked better than 67.84% of 2438
companies
in the Hardware industry
Industry Median: 69.935
vs MEX:NOKN: 99.36
Nokia Oyj's Days Payable
increased
from Mar. 2025 (110.37) to Mar. 2026 (112.12).
It may suggest that Nokia Oyjdelayed paying its suppliers.
Nokia Oyj Days Payable Related Terms
Nokia Oyj Days Payable Historical Data
* Premium members only.
The historical data trend for Nokia Oyj's Days Payable can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:NOKN vs CSCO, CIEN, MSI: Days Payable Comparison
For the Communication Equipment subindustry, Nokia Oyj's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nokia Oyj Days Payable vs Hardware Industry
For the Hardware industry and Technology sector, Nokia Oyj's Days Payable distribution charts can be found below:
* The bar in red indicates where Nokia Oyj's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
Nokia Oyj's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Nokia Oyj (MEX:NOKN) has a Days Payable of 112.12 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Nokia Oyj and its competitors. This is near median its historical median of 102.55. Over the past decade, Nokia Oyj's Days Payable has ranged from 68.70 to 118.16. According to the industry distribution chart, Nokia Oyj ranks #784 out of 2438 companies in the Hardware industry, placing it in the top 32.2%.
Is Nokia Oyj's Days Payable too high?
Nokia Oyj's current Days Payable of 112.12 is near median its 10-year median of 102.55. Over the past 10 years, this metric has ranged from a low of 68.70 to a high of 118.16. The Hardware industry median Days Payable is 69.94. Nokia Oyj's value of 112.12 is 60.3% above this industry median. Based on the distribution chart, Nokia Oyj ranks #784 out of 2438 companies in the Hardware industry, which is above the industry midpoint. Overall, Nokia Oyj has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nokia Oyj's Days Payable compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Nokia Oyj ranks #784 out of 2438 companies for Days Payable. This puts Nokia Oyj in the upper half of its industry. The industry median Days Payable is 69.94. Nokia Oyj's value of 112.12 is 60.3% above this benchmark. Historically, Nokia Oyj's own Days Payable has ranged from 68.70 to 118.16 over the past decade. While the company's 10-year median is 102.55 vs. the industry median of 69.94, Nokia Oyj has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Hardware company?
The median Days Payable among Hardware companies is 69.94, based on 2,438 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nokia Oyj's current Days Payable of 112.12 is 60.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Nokia Oyj and its competitors. For the Hardware industry, the median Days Payable is 69.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nokia Oyj's current Days Payable is 112.12, which is near median its own 10-year median of 102.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nokia Oyj stock overvalued right now?
Based on GuruFocus' analysis, Nokia Oyj (MEX:NOKN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN84.28, compared to a current price of MXN224.80 — trading 166.7% above its estimated fair value. The current Days Payable is 112.12, which is near median its 10-year median of 102.55 and 60.3% above the Hardware industry median of 69.94. Nokia Oyj's overall GF Score™ is 47/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Nokia Oyj (MEX:NOKN), the current Days Payable is 112.12 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nokia Oyj (MEX:NOKN) Overvalued in 2026?
Based on GuruFocus' analysis, Nokia Oyj stock appears to be overvalued.
The current stock price of MXN224.80 is trading 166.7% above its estimated GF Value™ of MXN84.28.
GuruFocus considers Nokia Oyj to be Significantly Overvalued.
Key valuation signals for MEX:NOKN:
Days Payable: 112.12 (near median its 10-year median of 102.55)
GF Value™: MXN84.28 vs. price of MXN224.80 (166.7% above fair value)
Industry Position: 60.3% above the Hardware median (#784 of 2438)
No single metric tells the full story. See the MEX:NOKN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nokia is a networking equipment vendor focused primarily on supporting wireless networks and, to a growing extent, Internet Protocol and optical systems. The firm operates three segments. The mobile infrastructure segment sells equipment and software used to operate the core of carrier and enterprise wireless networks. Network infrastructure comprises IP, optical, and fixed-network equipment, including switching and routing equipment, optical components, and devices used in fiber-to-the-premises networks. The portfolio business comprises businesses considered noncore to Nokia in the future, including fixed wireless access customer premises equipment, enterprise campus edge, and microwave radio.
47GF Score
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