Nokia OyjMEX:NOKN -7.87%47 Market Cap is MXN1,254,953 Mil as of Jun. 27, 2026. 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 2,515 Hardware companies, Nokia Oyj ranks better than 99.13% on this metric.
Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Nokia Oyj's share price for the quarter that ended in Mar. 2026 was MXN143. Nokia Oyj's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 5,583 Mil. Therefore, Nokia Oyj's market cap for the quarter that ended in Mar. 2026 was MXN798,302 Mil.
Nokia Oyj's quarterly market cap
increased
from Sep. 2025 (MXN470,973 Mil) to Dec. 2025 (MXN641,991 Mil) and
increased
from Dec. 2025 (MXN641,991 Mil) to Mar. 2026 (MXN798,302 Mil).
Nokia Oyj's annual market cap
increased
from Dec. 2023 (MXN316,783 Mil) to Dec. 2024 (MXN510,449 Mil) and
increased
from Dec. 2024 (MXN510,449 Mil) to Dec. 2025 (MXN641,991 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Nokia Oyj's Enterprise Value for Today is MXN1,200,881 Mil.
Nokia Oyj (MEX:NOKN) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Nokia Oyj Market Cap Related Terms
Nokia Oyj Market Cap Historical Data
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The historical data trend for Nokia Oyj's Market Cap 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: Market Cap Comparison
For the Communication Equipment subindustry, Nokia Oyj's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Hardware Industry
For the Hardware industry and Technology sector, Nokia Oyj's Market Cap distribution charts can be found below:
* The bar in red indicates where Nokia Oyj's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Nokia Oyj's Market Cap 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 Market Cap of MXN1,254,953 Mil as of Jun. 27, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Nokia Oyj and its competitors. According to the industry distribution chart, Nokia Oyj ranks #22 out of 2515 companies in the Hardware industry, placing it in the top 0.90000000000001%.
Is Nokia Oyj's Market Cap too high?
Nokia Oyj's current Market Cap is MXN1,254,953 Mil. Based on the distribution chart, Nokia Oyj ranks #22 out of 2515 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. 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 Market Cap compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Nokia Oyj ranks #22 out of 2515 companies for Market Cap. This places Nokia Oyj in the top 1% of its industry — outperforming the majority of peers. The industry median Market Cap is 209.38. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Hardware company?
The median Market Cap among Hardware companies is 209.38, based on 2,515 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Nokia Oyj and its competitors. For the Hardware industry, the median Market Cap is 209.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nokia Oyj's current Market Cap is MXN1,254,953 Mil. 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 Market Cap is MXN1,254,953 Mil. 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Nokia Oyj (MEX:NOKN), the current Market Cap is MXN1,254,953 Mil as of Jun. 27, 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:
Market Cap: MXN1,254,953 Mil
GF Value™: MXN84.28 vs. price of MXN224.80 (166.7% above fair value)
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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