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Nokia OyjNOK -0.74%63 EV-to-EBIT is 41.26 as of Aug. 08, 2026, which is 286% above its 10-year median of 10.69. GuruFocus rates NOK with a GF Score™ of 63/100 and a GF Value™ of $5.13 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,769 Hardware companies, Nokia Oyj ranks worse than 71% on this metric.
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
Nokia Oyj's Enterprise Value for the quarter that ended in Jun. 2026 was $72,207 Mil.
Nokia Oyj's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,220 Mil.
* 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 EV-to-EBIT Related Terms
Nokia Oyj EV-to-EBIT Historical Data
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The historical data trend for Nokia Oyj's EV-to-EBIT 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.
For the Communication Equipment subindustry, Nokia Oyj's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Hardware Industry
For the Hardware industry and Technology sector, Nokia Oyj's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Nokia Oyj's EV-to-EBIT falls into.
Nokia Oyj's current Enterprise Value is $50,324 Mil.
Nokia Oyj's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,220 Mil.
* 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 (NOK) has a EV-to-EBIT of 41.26 as of Aug. 08, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Nokia Oyj and its competitors. This is 286% above median its historical median of 10.69. According to the industry distribution chart, Nokia Oyj ranks #1256 out of 1769 companies in the Hardware industry, placing it in the top 71%.
Is Nokia Oyj's EV-to-EBIT too high?
Nokia Oyj's current EV-to-EBIT of 41.26 is 286% above median its 10-year median of 10.69. The Hardware industry median EV-to-EBIT is 21.42. Nokia Oyj's value of 41.26 is 92.6% above this industry median. Based on the distribution chart, Nokia Oyj ranks #1256 out of 1769 companies in the Hardware industry, which is below the industry midpoint. Overall, Nokia Oyj has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nokia Oyj's EV-to-EBIT compare to CSCO and MSI?
According to the Hardware industry distribution chart, Nokia Oyj ranks #1256 out of 1769 companies for EV-to-EBIT. This places Nokia Oyj in the lower half of its industry. The industry median EV-to-EBIT is 21.42. Nokia Oyj's value of 41.26 is 92.6% above this benchmark. While the company's 10-year median is 10.69 vs. the industry median of 21.42, 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 EV-to-EBIT for a Hardware company?
The median EV-to-EBIT among Hardware companies is 21.42, based on 1,769 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nokia Oyj's current EV-to-EBIT of 41.26 is 92.6% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Nokia Oyj and its competitors. For the Hardware industry, the median EV-to-EBIT is 21.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nokia Oyj's current EV-to-EBIT is 41.26, which is 286% above median its own 10-year median of 10.69. 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 (NOK) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.13, compared to a current price of $9.36 — trading 82.5% above its estimated fair value. The current EV-to-EBIT is 41.26, which is 286% above median its 10-year median of 10.69 and 92.6% above the Hardware industry median of 21.42. Nokia Oyj's overall GF Score™ is 63/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Nokia Oyj (NOK), the current EV-to-EBIT is 41.26 as of Aug. 08, 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 (NOK) Overvalued in 2026?
Based on GuruFocus' analysis, Nokia Oyj stock appears to be overvalued.
The current stock price of $9.36 is trading 82.5% above its estimated GF Value™ of $5.13.
GuruFocus considers Nokia Oyj to be Significantly Overvalued.
Key valuation signals for NOK:
EV-to-EBIT: 41.26 (286% above median its 10-year median of 10.69)
GF Value™: $5.13 vs. price of $9.36 (82.5% above fair value)
Industry Position: 92.6% above the Hardware median (#1256 of 1769)
No single metric tells the full story. See the NOK 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.
63GF Score
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