Nokia Oyj (LTS:0HAF) Moat Score: 5/10 (As of Jul. 05, 2026)


LTS:0HAF Nokia Oyj LTS:0HAF
60 GF Score
Price €11.05
GF Value €4.23
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Nokia Oyj Moat Score?

Nokia Oyj LTS:0HAF +1.80% 60 Moat Score is 5 as of Jul. 05, 2026. GuruFocus rates LTS:0HAF with a GF Score™ of 60/100 and a GF Value™ of €4.23 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,466 Hardware companies, Nokia Oyj ranks better than 97.2% on this metric.

Nokia Oyj has the Moat Score of 5, which implies that the company might have Narrow Moat - Solid narrow moat.

Nokia Oyj has Narrow Moat: Nokia has a solid narrow moat with valuable intellectual property and a strong brand in telecommunications. It benefits from network effects and some pricing power, but intense competition limits its moat strength.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Nokia Oyj might have Narrow Moat - Solid narrow moat.

Nokia Oyj  (LTS:0HAF) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Nokia Oyj Moat Score Related Terms

LTS:0HAF vs CSCO, CIEN, MSI: Moat Score Comparison

For the Communication Equipment subindustry, Nokia Oyj's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Hardware Industry

For the Hardware industry and Technology sector, Nokia Oyj's Moat Score distribution charts can be found below:

* The bar in red indicates where Nokia Oyj's Moat Score falls into.


LTS:0HAF
60GF Score
Nokia Oyj LTS:0HAF
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 5 mean?
Nokia Oyj (LTS:0HAF) has a Moat Score of 5 as of Jul. 05, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Nokia Oyj ranks #69 out of 2466 companies in the Hardware industry, placing it in the top 2.8%.
Is Nokia Oyj's Moat Score too high?
Nokia Oyj's current Moat Score is 5. Based on the distribution chart, Nokia Oyj ranks #69 out of 2466 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 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nokia Oyj's Moat Score compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Nokia Oyj ranks #69 out of 2466 companies for Moat Score. This places Nokia Oyj in the top 3% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Hardware company?
A good Moat Score depends on the Hardware industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Nokia Oyj's current Moat Score is 5. 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 (LTS:0HAF) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.23, compared to a current price of €11.05 — trading 161.3% above its estimated fair value. The current Moat Score is 5. Nokia Oyj's overall GF Score™ is 60/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Nokia Oyj (LTS:0HAF), the current Moat Score is 5 as of Jul. 05, 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 (LTS:0HAF) Overvalued in 2026?

Based on GuruFocus' analysis, Nokia Oyj stock appears to be overvalued. The current stock price of €11.05 is trading 161.3% above its estimated GF Value™ of €4.23. GuruFocus considers Nokia Oyj to be Significantly Overvalued.

Key valuation signals for LTS:0HAF:

  • Moat Score: 5
  • GF Value™: €4.23 vs. price of €11.05 (161.3% above fair value)
  • GF Score™: 60/100 with 3 warning signs

No single metric tells the full story. See the LTS:0HAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nokia Oyj Business Description

Address Karakaari 7, Espoo, FIN, 02610
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.
60GF Score

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€11.05
Price
€4.23
GF Value