Nokia OyjOSTO:NOKIA SEK -1.85%59 Equity-to-Asset is 0.57 as of Mar. 2026, which is 33% above its 10-year median of 0.43. GuruFocus rates OSTO:NOKIA SEK with a GF Score™ of 59/100 and a GF Value™ of kr47.22 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 2,493 Hardware companies, Nokia Oyj ranks better than 50.58% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Nokia Oyj's Total Stockholders Equity for the quarter that ended in Mar. 2026 was kr228,148 Mil. Nokia Oyj's Total Assets for the quarter that ended in Mar. 2026 was kr401,620 Mil.
Therefore, Nokia Oyj's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.57.
The historical rank and industry rank for Nokia Oyj's Equity-to-Asset or its related term are showing as below:
OSTO:NOKIA SEK'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.34 Med: 0.43 Max: 0.57
Current: 0.57
During the past 13 years, the highest Equity to Asset Ratio of Nokia Oyj was 0.57. The lowest was 0.34. And the median was 0.43.
OSTO:NOKIA SEK's Equity-to-Asset is ranked better than 50.58% of 2493
companies
in the Hardware industry
Industry Median: 0.57
vs OSTO:NOKIA SEK: 0.57
Nokia Oyj (OSTO:NOKIA SEK) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Nokia Oyj Equity-to-Asset Related Terms
Nokia Oyj Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Nokia Oyj's Equity-to-Asset 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.
OSTO:NOKIA SEK vs CSCO, CIEN, MSI: Equity-to-Asset Comparison
For the Communication Equipment subindustry, Nokia Oyj's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Nokia Oyj's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Nokia Oyj's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Nokia Oyj's Equity to Asset Ratio 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 (OSTO:NOKIA SEK) has a Equity-to-Asset of 0.57 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Nokia Oyj and its competitors. This is 33% above median its historical median of 0.43. Over the past decade, Nokia Oyj's Equity-to-Asset has ranged from 0.34 to 0.57. According to the industry distribution chart, Nokia Oyj ranks #1232 out of 2493 companies in the Hardware industry, placing it in the top 49.4%.
Is Nokia Oyj's Equity-to-Asset too high?
Nokia Oyj's current Equity-to-Asset of 0.57 is 33% above median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 0.57. The Hardware industry median Equity-to-Asset is 0.57. Nokia Oyj's value of 0.57 is 0% at this industry median. Based on the distribution chart, Nokia Oyj ranks #1232 out of 2493 companies in the Hardware industry, which is above the industry midpoint. Overall, Nokia Oyj has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nokia Oyj's Equity-to-Asset compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Nokia Oyj ranks #1232 out of 2493 companies for Equity-to-Asset. This puts Nokia Oyj in the upper half of its industry. The industry median Equity-to-Asset is 0.57. Nokia Oyj's value of 0.57 is 0% at this benchmark. Historically, Nokia Oyj's own Equity-to-Asset has ranged from 0.34 to 0.57 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 0.57, Nokia Oyj has consistently been at 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 Equity-to-Asset for a Hardware company?
The median Equity-to-Asset among Hardware companies is 0.57, based on 2,493 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nokia Oyj's current Equity-to-Asset of 0.57 is 0% at 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Nokia Oyj and its competitors. For the Hardware industry, the median Equity-to-Asset is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nokia Oyj's current Equity-to-Asset is 0.57, which is 33% above median its own 10-year median of 0.43. 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 (OSTO:NOKIA SEK) is currently considered Significantly Overvalued. The stock's GF Value™ is kr47.22, compared to a current price of kr132.70 — trading 181% above its estimated fair value. The current Equity-to-Asset is 0.57, which is 33% above median its 10-year median of 0.43 and 0% at the Hardware industry median of 0.57. Nokia Oyj's overall GF Score™ is 59/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Nokia Oyj (OSTO:NOKIA SEK), the current Equity-to-Asset is 0.57 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 (OSTO:NOKIA SEK) Overvalued in 2026?
Based on GuruFocus' analysis, Nokia Oyj stock appears to be overvalued.
The current stock price of kr132.70 is trading 181% above its estimated GF Value™ of kr47.22.
GuruFocus considers Nokia Oyj to be Significantly Overvalued.
Key valuation signals for OSTO:NOKIA SEK:
Equity-to-Asset: 0.57 (33% above median its 10-year median of 0.43)
GF Value™: kr47.22 vs. price of kr132.70 (181% above fair value)
Industry Position: 0% at the Hardware median (#1232 of 2493)
No single metric tells the full story. See the OSTO:NOKIA SEK 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.
59GF Score
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